Faculty Profiles

IFIM Business School

Dr. Byomakesh Debata


Dr. Byomakesh Debata
Assistant Professor -Finance

Dr. Byomakesh Debata is an Assistant Professor in the Department of Finance at IFIM Business School, Bangalore. Prior to joining IFIM Business School, Dr. Byomakesh Debata was an Academic Researcher at Indian Institute Technology Kharagpur, from where he graduated with Doctorate in Management – Finance, with specialization in Financial Economics. He has research publications in the reputed journal like Finance Research Letters, Journal of Financial Economic Policy, Journal of Applied Economic Research, IIMB Management Review, and International Review of Finance to his credit and few papers are under review in reputed journals. Besides publishing in reputed journals, he has also presented his results in several international conferences which have attracted attention from academicians as well as practitioners. In addition to his area of specialization in financial economics, Byomakesh Debata has scholarly interest in computational finance and behavioural finance. Prior to his PhD, he had studied Master in Computational Finance at the Institute of Mathematics and Applications, Bhubaneswar. He also has a master’s degree in Management from Sambalpur University.


  • PhD – Finance
  • MBA – Finance
  • MSc- Computational Finance
  • BSc - Mathematics

Teaching & Research Interest

  • Financial Markets
  • Behavioral Finance
  • Market Microstructure
  • Computational Finance

Academic Experience
10+ Years

Research Papers: Published/Accepted

  • (2018), Investor sentiment and emerging stock market liquidity. Finance Research Letters, Vol. 26 (1), (Co-authors: Saumya Ranjan Dash, Jitendra Mahakud).DOI: https://doi.org/10.1016/j.frl.2017.11.006.[ABDC-B]#
  • Dutta Gupta S, and Suhaditya Guha, “Gold Prices: To remain high in the short run? ” In Dr. Shiva Shankar.K.C. (Edited) Emerging trends in Management (ISBN:978-81-923326-1-1) Niruta Publishers-2013.
  • (2018), Economic policy uncertainty and stock market liquidity: Does financial crisis make any difference? Journal of Financial Economy Policy, Vol-10(1). 112-135. (Co-author: Jitendra Mahakud). DOI:https://doi.org/10.1108/JFEP-09-2017-0088.[ABDC-B]#
  • (2018) Interdependence between monetary policy and stock liquidity: A panel VAR approach. Margin:The Journal of Applied Economic Research, Vol. 12(4).(Co-author: Jitendra Mahakud). [ABDC-C]#
  • (2018) Economic policy uncertainty, macroeconomic variables and stock market liquidity: Does financial crisis make any difference? Journal of Economics Finance and Administrative Sciences. Accepted and Forthcoming [ABDC-C]#
  • (2018), Impact of CEO’s characteristics on investment decisions of Indian listed firms: Does crisis make any difference? Cogent Economics & Finance, 6(1), 1-15. (Co-authors: Gaurav Gupta, , Jitendra Mahakud) DOI: https://doi.org/10.1080/23322039.2018.1439258. [ABDC-B]#
  • (2019) Monetary policy and stock market liquidity: Does investor sentiment matter?, IIMB Management Review, Revision Submitted (Co-authors: S. Dash and J. Mahakud) [ABDC-B]#
  • (2019) Economic policy uncertainty and stock market liquidity: Evidence from G7 countries, International Review of Finance, Minor Revision Received (Co-authors: S. Dash, J. Mahakud, and D. Maitra)[ABDC-A]#

24 years of leadership development

The journey of IFIM Institutions