Chanchal Chatterjee

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Chanchal Chatterjee

Education : Ph.D. (University of Burdwan)

Specialization : Finance

Designation : Professor - Finance ; Area Chair - Finance

Contact: +91-33-6652 9668

Email: [email protected]

About Chanchal Chatterjee

Dr. Chatterjee has BCom (Hons) and MCom degrees from the University of Burdwan and stood first with a first class at both the levels and received two Gold Medals. He also has a PGDBA in financial management from Symbiosis, Pune. He earned his PhD from Burdwan University in Financial Restructuring through Buyback of Shares, for which he obtained the Best Research Award in Finance Track in the 3rd Doctoral Colloquium from IIM Ahmedabad in 2010. Chanchal has also received Sourabh Shiware Memorial Young Researcher Award 2016 (All India) awarded by Indian Commerce Association for outstanding achievement and contribution in the Discipline and Profession of Commerce and Business Management. Chanchal has published several research papers in refereed national and international journals. He has also presented papers in global seminars and conferences in India and abroad. His area of interest includes Corporate Finance, Corporate Governance, Earnings Management and Corporate Payout Policy.

Books
  • Book Title: Financial restructuring through Share Buyback in India, Lambert Academic Publishing, Germany, ISBN No. 978-3-659-00159-8.
Book chapters
  • Chatterjee, C and Rakshit, D. (2013). Corporate Restructuring through Share Buyback: A Case Study, An Application of Computational and Financial Econometrics, Bloomsbury Publishing, ISBN. 978-93-82951-36-0, pp. 266-278, (Edited book of International Conference on Computational and Financial Econometrics at IIT Kharagpur).
  • Rakshit, D. and Chatterjee, C. (2012). Comparative Performance Analysis of Indian Banks using CAMEL, International Finance on Infrastructure Development, Bloomsbury Publishing., 70-89, ISBN. 978-81-924302-1-8, (Edited book of International Conference on Frontiers of Infrastructure Finance at IIT Kharagpur).
  • Rakshit, D. and Chatterjee, C. (2011). Financial Restructuring through Share Buyback: An Empirical Study of Selected Indian Companies, Strategy of Infrastructure Finance, Macmillan Advanced Research Series, 249-270.
Selected Conference Papers
  • Mandatory female directors on Indian corporate boards and its impact on their financial performance, 16th ISDSI Global Conference, Dec 26-29, 2023, Indian Institute of Management Ranchi, India.
  • Ownership pattern and governance-performance relation: Evidence from top Indian companies, 36th Euro Asia Management Studies Association (EAMSA) Conference, Oct 2-5, 2019, FH Vorarlberg, University of Applied Sciences, Dornbin, Austria.
  • Board Quality and Earnings Management: Evidence from an Emerging Economy, European Academy of Management (EURAM) Conference, June 26-28, 2019, Lisbon, Portugal.
  •  Corporate Governance and Earnings Management: Evidence from an Emerging Market under Concentrated Ownership Structure, 7th India Finance Conference, December 19-21, 2019, Indian Institute of Management Ahmedabad, India.
  •  Ownership Pattern and Governance-Performance Relation: Evidence from Top Indian Companies, 16th Asia Pacific Economic Association Conference, Aug 1-2, 2019, Fukuoka University, Fukuoka Japan.
  • Does Cash Dividend Announcements influence Stock Returns? Evidence from an Emerging Economy, India, 17th European Economics and Finance Society Conference, City University of London, UK, June 21-24, 2018.
  • Board Quality and Earnings Management: Evidence from India, Fifth PAN IIM World Management Conference, Indian Institute of Management Lucknow, Dec 14-16, 2017.
  • Does Board Quality influence Earnings Management? Evidence from an Emerging Economy, India, Fourth PAN IIM World Management Conference, Indian Institute of Management Ahmedabad, Dec 13-15, 2016.
  • Price Behaviour around cash dividend announcements in the Indian equity market, 5th India Finance Conference, Indian Institute of Management Calcutta, Dec 17-19, 2015.
  • Board Composition and Financial Performance: Evidence from Indian and Chinese listed firms, Sino-India Forum 2015, Sichuan Academy of Social Sciences, October 26-27, 2015, Chengdu, China.
  • Linking profits to asset-liability management of Indian commercial banks, 4th India Finance Conference, Indian Institute of Management Bangalore, Dec 17-19, 2014
  • Price Behaviour around Share Buyback in the Indian Equity Market, Borsa Istanbul Finance & Economics Conference (BIFEC)2013, Istanbul, Turkey, Sept 30 – Oct 1st , 2013.
  • Anomalous Price Behaviour around Open Market Stock Repurchase Announcements in India, Indian Accounting and Finance Conference, Indian Institute of Management Lucknow, India, Sept 09-11, 2013.
  • Price Behaviour around Share Buyback in the Indian Equity Market, 15th Annual Conference on Money and Finance, IGIDR, Mumbai, Dec 18-19, 2013.
  • Corporate Restructuring through Share buyback: A Case Study, International Conference on Computational and Financial Econometrics, Indian Institute of Technology Kharagpur, Dec 27-29, 2012.
  • Comparative Performance Analysis of Indian Banks using CAMEL, International Conference on Frontiers of Infrastructure Finance, Indian Institute of Technology Kharagpur, Dec 28-30, 2011.
  • Financial Restructuring through Share Buyback: An Empirical Study of Selected Indian Companies, International Conference on Infrastructure Finance, Indian Institute of Technology Kharagpur, June 03-05, 2010.
  • Share Buyback as a Tool of Financial Engineering: An Empirical Study of Indian Companies, India Finance Conference, Indian Institute of Management Calcutta, Dec 03-05, 2009.
Current Research Area :
  • Corporate Finance, Corporate Governance, Earnings Management, Readability of Financial Reports, ESG
Current Ongoing Research Project:
  • Influence of Climate Governance on environmental disclosure and business performance: Does climate governance add to business value? NFCG-New Delhi (With Nag, T., Mudgil, S and Singh, R.)
Current Research Projects Completed:
  •  Exploring linkages between Gender Diversity and Corporate Governance: Do Women Directorships really add to Business Value? National Foundation for Corporate Governance (NFCG), New Delhi (with T. Nag)
  • Exploring Relationships between Corporate Governance Practices and Financial performance of Firms in India: Does more focus on governance create increased business value? Ministry of Corporate Affairs (MCA), Government of India (with T. Nag)
  • Does good corporate governance lead to enhanced business value? National Foundation for Corporate Governance (NFCG), New Delhi (with T. Nag).
Awards & Recognition
  • Sourabh Shiware Memorial Young Researcher Award 2016 (All India) awarded by Indian Commerce Association for outstanding achievement and contribution in the Discipline and Profession of Commerce and Business Management.
  • The Doctoral Thesis received Best Paper Award under Advanced Research Category in Finance Track from the Indian Institute of Management Ahmedabad (IIM-A) in 3rd Doctoral Colloquium in 2010.
  • University Gold Medal from the University of Burdwan for standing First in First Class in M.Com examination (PG Level).
  • Special Gold Medal from the University of Burdwan for securing Highest Percentageof Marks in M.Com and all M.A examinations of the University.
  • Special Academic Award from the University of Burdwan for securing Highest Percentage of Marksin M.Com and all M.A examinations of the University.
  • Special Award from the University of Burdwan for securing First in First Classposition in B.Com (Hons) Examination (UG Level).
  • National Scholarship from Ministry of Human Resource Development, Govt. of India for securing 1st Ranking the merit list of the University out of all examinations (both Science as well as Arts faculty) of the University at the UG Level.

 

PGDM
  • Financial Reporting and Analysis
  • Advanced Financial Statement Analysis
  • Strategic Cost Management
  • Corporate Finance
  • Mergers, Acquisitions and Corporate Restructuring
JOURNAL PUBLICATIONS
  • Chatterjee, C. (2024). Earnings management and financial reports’ readability: Moderating role of audit quality, cash holding, and ownership pattern, International Journal of Disclosure and Governance, (ABDC: B, ABS:2, SCOPUS & WoS) (Accepted).
  • Tiwari, S and Chatterjee, C (2024). Annual report readability and earnings management of financial distressed firms: The Moderating role of Ownership concentration in India, International Journal of Disclosure and Governance, (ABDC: B, ABS:2, SCOPUS & WoS) (Accepted).
  • Tiwari, S and Chatterjee, C (2024). Investigating Earnings Management on the Readability of Financially Troubled Indian firms, Asian Journal of Business and Accounting, (Scopus & WoS) (Accepted).
  • Tiwari, S., Chatterjee, C and Sengupta, P. (2023). Effect of Earnings Management and Cash Holdings on Annual Report Readability: Evidence from Top Indian Companies, IIMB Management Review (Accepted) ABDC: B, SCOPUS, WoS).
  • Chatterjee, C. and Tiwari, S. (2023). Investigating Accrual and Real Earnings Management of Financially Troubled Indian firms, Afro Asian Journal of Finance and Accounting, 13(5), 592-611. (ABDC & SCOPUS)
  • Chatterjee, C., Nag, T. (2023). Do women on boards enhance firm performance? Evidence from top Indian companies, International Journal of Disclosure and Governance, 20, 155–167 (2023) https://doi.org/10.1057/s41310-022-00153-5 (ABDC: B, ABS:2, SCOPUS & WoS).
  • Chatterjee, C. and Tiwari, S. (2022). Dividend Reduction and Stock Price Reaction in Indian Market: Is There a Role of Share Repurchase? Journal of Indian Business Research, 14 (4), 447-471 (ABDC, SCOPUS & WoS)
  • Bala, B; Chatterjee, C and Chakrabarti, A. (2022). Board Quality and Earnings Management: A System GMM Approach, International Journal of Corporate Governance, 12 (3/4), 209-228. (ABDC: B)
  • Chatterjee, C., Basu, S and Dutta, P. (2021). Evidence-based Stock Price Behaviour Around Cash Dividend Announcements in an Emerging Market Set-up, Global Business Review, (ABDC, SCOPUS & WoS), DOI: 10.1177/09721509211052126
  • Rakshit, D., Chatterjee, C. and Paul, Ananya (2024). Financial Distress, the Severity of Financial Distress and Direction of Earnings Management: Evidences from India, FIIB Business Review, 13(2), 192-207 (ABDC and SCOPUS).
  • Chatterjee, C. (2021). Ownership Pattern, Board Composition and Earnings Management: Evidence from top Indian Companies, International Journal of Disclosure and Governance, (A Springer publication), ((ABDC: B, ABS:2, SCOPUS & WoS), 18(2), 179-192.       
  • Banik, A and Chatterjee, C. (2021). Ownership Pattern and Governance-Performance Relation: Evidence from an Emerging Economy, Global Business Review, (ABDC, SCOPUS & WoS), 22(2), 422-441.
  • Chatterjee, C. (2019). Board Quality and Earnings Management: Evidence from India, Global Business Review, 21(5) 1302–1324, (A Sage Publication), (ABDC, SCOPUS & WoS).
  • Nag, T and Chatterjee, C. (2018). Factors influencing firm’s local business environment in home country context: Exploring evidences from firm surveys in India and China, Journal of Indian Business Research (An Emerald Publication), 10 (4), 322-336 (ABDC, SCOPUS & WoS).
  • Mukherjee, P and Chatterjee, C. (2019). Does Share Repurchase Announcement Lead to Rise in Share Price? Evidence from India, Global Business Review, 20(2), 420-433, (ABDC, SCOPUS & WoS).
  • Chatterjee, C and Dutta, P. (2017). Price Behavior around Dividend Announcements in the Indian Equity Market in the Existence of Corporate Dividend Tax, Global Business Review, 18(2), 402-415 (ABDC, SCOPUS & WoS).
  • Agrawal, K and Chatterjee, C. (2015). Earnings Management and Financial Distress: Evidence from India, Global Business Review, 16(5), 140-154, (ABDC, SCOPUS & WoS).
  • Chatterjee, C and Dutta, P. (2015). Anomalous Price Behaviour around Open Market Stock Repurchase Announcements in India, Vikalpa: The Journal for Decision Makers, 40(4), 1-9, (ABDC & SCOPUS).
  • Chatterjee, C and Mukherjee, P. (2015). Price Behaviour around Share Buyback in the Indian Equity Market, Global Business Review, 16(3), 425-438 (ABDC, SCOPUS & WoS).
  • Roy, S and Chatterjee, C. (2013). Dynamics of Trade Potential in “Emerging Asia” in the Post Financial Crisis Era, Global Business Review, 14(4), 639-650 (ABDC, SCOPUS & WoS).
  • Chatterjee, C. (2009).Future Trend and Challenges in Indian Banking: A Fresh Look, The Chartered Accountant, ICAI, New Delhi, 57 (12), 2115-2119.
  • Chatterjee, C and Rakshit, D. (2008). Share Buy Back Regulations in India: A Critical Analysis, The Chartered Accountant, ICAI, New Delhi, 57(5), 859-865.