My research has mostly focussed on various unexplored issues related to corporate finance, investment management, asset pricing, financial markets and behavioural finance. Specifically, my studies have made significant contributions in terms of the analysing the financing pattern of the Indian corporate sector, determining the factors affecting the financing decision of the companies, understanding the retail investors participation in the equity market, identifying a suitable asset pricing model for valuation of financial assets, measuring and forecasting the stock returns volatility and examining the role of macroeconomic fundamentals and irrational behaviour of market participants in the financial decision making process. The findings of my research have got major implications for macroeconomic policy makers, corporate managers and investors in India.

All Publications

Dynamic Adjustment towards Target Capital Structure: Evidence from Indian Companies by S. Mukherjee and J. Mahakud Journal of Advances in Management Research 7 250-266 (2010)
Does Investor Sentiment Predict the Asset Volatility? Evidence from Emerging Stock Market India by J. Kumari and J. Mahakud Journal of Behavioral and Experimental Finance 8 25-39 (2015)
Relationship Between Conditional Volatility of Domestic Macroeconomic Factors and Conditional Stock Market Volatility: Some Further Evidence from India by J. Kumari and J. Mahakud Asia-Pacific Financial Markets 22 87-111 (2015)
Do Asset pricing Models Explain Size, Value, Momentum and Liquidity Effects? A Case of an Emerging Stock Market by S.R. Dash and J. Mahakud Journal of Emerging markets Finance 13 217-251 (2014)
Conditional Multifactor Asset Pricing Model and Market Anomalies by S.R. Dash and J. Mahakud Journal of Indian Business Research 5 271-294 (2013)
Investor Sentiment and Stock Return: Do Industries Matter? by S.R. Dash and J. Mahakud Margin: The Journal of Applied Economic Research 7 315-349 (2013)
Historical Market-to-Book Ratio and Corporate Capital Structure: Evidence from India by S. Mukherjee and J. Mahakud Global Business Review 13 339-350 (2012)
Are Trade-off and Pecking Order Theories of Capital Structure Mutually Exclusive? Evidence from Indian Manufacturing Companies by S. Mukherjee and J. Mahakud Journal of Management Research 12 41-55 (2012)

Completed Projects

Co-Principal Investigator

Assam Skill University (ASU) Management and Operating System Development KPMG ADVISORY SERVICES PRIVATE LIMITED
Centre of Excellence for Unified AI-Enabled Craft Ecosystem Platform OFFICE OF THE DEVELOPMENT COMMISSIONER (HANDICRAFTS), MINISTRY OF TEXTILES,

Alumni members

Ph. D. Students

Akankshya Samal

Area of Research: Financial Inclusion