Faculty details

Prof.SHASHANK BANSAL

Designation: Associate Professor

Department: Management Studies and Industrial Engineering

Email: shashank[at]iitism[dot]ac[dot]in

Contact Number:

Office Number: +91-326-223-5017

Personal Page: Under Construction

About Me: Prof. Shashank Bansal is an Associate Professor in the Department of Management Studies and Industrial Engineering at the Indian Institute of Technology (ISM) Dhanbad, India. He did his Doctorate from the Indian Institute of Technology Madras and his MBA from IIIT Allahabad. He has been a Gold Medalist from IIIT Allahabad and was awarded the prestigious “Australian Award - Endeavour Research Fellowship, 2016” by the Government of Australia & Erasmus Plus International Mobility Fellowship by the European Union. As the part of the fellowships, he worked as visiting research scholar at La Trobe University, Melbourne and Universidad de Granada, Spain. He is also activity involved in research projects and consultancy engagement from various organization such as DST, DSIR, Tata Power, SEBI, ICSSR, Ministry of Mines, ECL etc. and published various research articles in journals of repute.

Research Interest: Corporate Finance, Corporate Governance, Corporate Social Responsibility, Sustainability

Teaching

The courses taught include Computational Finance, International Finance, Management of Banks and Financial Institutions, Corporate Finance, Engineering Economics and Finance, and Introduction to Financial Management. These courses have been taught to regular B.Tech, MBA, and EMBA students.

Academics

  • Ph.D., Indian Institute of Technology (IIT) Madras, IndiaYear of Completion: 2019
    • CGPA of 9.43/10
  • Master of Business Administration (MBA), Indian Institute of Information Technology (IIIT), Allahabad, India — Year of Completion: 2012
    • CGPA of 9.63/10
  • Bachelor of Business Administration (B.B.A – E-Commerce), Institute of Management Studies (IMS), Devi Ahilya Vishwavidyalaya (DAVV), Indore, India — Year of Completion: 2010
    • CGPA of 8.85/10

Position

  • Associate Professor
    Department of Management Studies and Industrial Engineering,
    Indian Institute of Technology (ISM) Dhanbad

    Duration: April 2026 – till date
  • Assistant Professor
    Department of Management Studies and Industrial Engineering,
    Indian Institute of Technology (ISM) Dhanbad

    Duration: July 2019 – April 2026 
  • Visiting Faculty
    Madras School of Economics, Chennai
    Duration:
    January 2019 – May 2019
  • Lecturer
    Department of Management Studies,
    Rajiv Gandhi University of Knowledge Technologies (RGUKT), Andhra Pradesh

    Duration: July 2012 – July 2014

Visiting Scholar Positions:

  • Endeavour Research Fellow
    La Trobe University, Melbourne, Australia
    Duration:
    September 2016 – March 2017
    Funding Authority: Government of Australia
  • Erasmus Research Fellow
    University of Granada, Granada, Spain
    Duration: April 2018 – July 2018
    Funding Authority: European Union

Awards and Honors

 

  • ICAI International Research Awards 2025 (Silver)The Institute of Chartered Accountants of India (ICAI), 2025.
  • Best Paper Presentation Award (1st Prize) in Corporate Finance & Accounting Track7th International Conference on Financial Markets and Corporate Finance (ICFMCF) 2025, IIT Kharagpur, India (June 28–29, 2025).
  • Best Research Paper Award (Finance)Research Symposium on Finance and Economics (RSFE) 2024, IFMR Graduate School of Business, Krea University, Chennai, India (June 12–14, 2024).
  • Awarded the prestigious Erasmus Plus International Credit Mobility Fellowship (2018) by the European Union.
  • Awarded the prestigious Australia Award – Endeavour Research Fellowship (2016) by the Government of Australia.
  • Best Doctoral Paper Award5th PAN-IIM World Management Conference, Indian Institute of Management (IIM) Lucknow, India (December 14–16, 2017).
  • Best Research Paper Award18th World Business Research Conference, San Francisco, USA (November 2–3, 2017).
  • Outstanding Performer, Summer Fellowship ProgrammeEconomic Development Board, Government of Andhra Pradesh, India (2015).
  • Recipient of Junior Research Fellowship (JRF)University Grants Commission (UGC), Government of India (2013).
  • Recipient of Institute Gold MedalIndian Institute of Information Technology (IIIT) Allahabad (2012).
  • Recipient of Merit Scholarship for two consecutive years — IIIT Allahabad (2010–11 & 2011–12).

Publications

List Of Research Publications (only in Peer-reviewed Journals)

List Of Research Publications

  • Mani, S. P., & Bansal, S. (2025). Does board demographic diversity constrain related party transactions? Evidence from India. Pacific-Basin Finance Journal, 90, 102653. [ SSCI, Q1, ABDC-A, IF:5.3]
  • Venkatesh, G., Kshatriya, S., & Bansal, S. (2025). Board Busyness and Firm Performance: An Emerging Market Perspective. Corporate Governance: An International Review, 33 (2), 231-245. [ SSCI, Q1, ABDC-A, IF:5.5]
  • Bhaskar, R., Bansal, S., & Pandey, D. K. (2024). CEO duality and corporate social responsibility: A moderation effect of founder CEO. Research in International Business and Finance, 102410. [SSCI, Q1, ABDC-B, IF:6.9]
  • Bansal, S., & Singh, H. (2023). Does market competition foster related party transactions? Evidence from emerging market. Pacific-Basin Finance Journal, 77, 101909. [ SSCI, Q1, ABDC-A, IF:5.3]
  • Bhaskar, R., Li, P., Bansal, S., & Kumar, S. (2023). A new insight on CEO characteristics and corporate social responsibility (CSR): A meta-analytical review. International Review of Financial Analysis, 102815. [SSCI, Q1, ABDC-A, IF:9.8]
  • Bhaskar, R., Bansal, S., Abbassi, W., & Pandey, D. K. (2023). CEO compensation and CSR: Economic implications and policy recommendations. Economic Analysis and Policy. [SSCI, Q1, ABDC-B, IF:8.7]
  • Bansal, S., Mukhopadhyay, M., & Maurya, S. (2023). Strategic drivers for sustainable implementation of carbon trading in India. Environment, Development and Sustainability, 25(5), 4411-4435. [SCIE, Q2, IF:4.2]
  • Mani, S. P., Bansal, S., Bhaskar, R., & Kumar, S. (2023). Unravelling the board committee puzzle: a comprehensive review and future research agenda. Qualitative Research in Financial Markets. [ESCI, Q2, ABDC-B, IF:2.5]
  • Bansal, S., Mani, S. P., Gupta, H., & Maurya, S. (2022). Sustainable development of the green bond markets in India: Challenges and strategies. Sustainable Development. [SSCI, Q1, ABDC-C, IF:8.2]
  • Bhaskar, R., Hunjra, A. I., Bansal, S., & Pandey, D. K. (2022). Central Bank Digital Currencies: Agendas for future research. Research in International Business and Finance, 62, 101737. [SSCI, Q1, ABDC-B, IF:6.9]
  • Bhaskar, R., & Bansal, S. (2022). Nineteen Years of Emerging Markets Finance and Trade: A Bibliometric Analysis. Emerging Markets Finance and Trade, 1-16. [SSCI, Q1, ABDC-B, IF:3.1]
  • Bansal, S., & Thenmozhi, M. (2021). Does CEO duality affect board independence? The moderating impact of founder ownership and family block-holding. IIMB Management Review, 33(3), 225-238. [ESCI, Q4, ABCD-B, IF:1.0]
  • Bansal, S., & Thenmozhi, M. (2020). Does concentrated founder ownership affect board independence? Role of corporate life cycle and ownership identity. Pacific-Basin Finance Journal, 62, 101377. [SSCI, Q1, ABCD-A, IF:5.3]
  • Bansal, S., & Thenmozhi, M. (2020). Does Concentrated Founder Ownership Affect Related Party Transactions? Evidence from an Emerging Economy. Research in International Business and Finance, 53, 101206. [SSCI, Q1, ABDC-B, IF:6.9]
  • Bansal, S., & Thenmozhi, M. (2019). Does Board Composition Matter to Institutional Investors? Journal of Emerging Market Finance, 18(2), 238-266. [ESCI, Q3, ABDC-B, IF:1.2]
  • Bansal, S., Lopez-Perez, M., & Rodriguez-Ariza, L. (2018). Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership. Administrative Sciences, 8(3), 33. [ESCI, Q2, IF:3.1]

 

Projects & Activities

Sponsored Research Projects (External Funded)

Research Projects (As Principal Investigator)

  • Technology Intervention in Lac Farming for Empowering the Marginal Women Farmers in the State of Jharkhand
    Funding Agency: Department of Scientific and Industrial Research (DSIR), Government of India
    Project Value:39,58,724
    Status: On-going
  • Strategic Intervention for Developing Sustainable Entrepreneurial Ecosystem in Jharkhand
    Funding Agency: Maithon Power Limited (Joint Venture of Tata Power and DVC)
    Project Value:59,95,500
    Status: On-going
  • Techno-commercial Status of TRL 6 and Above Technologies in the Field of Healthcare and Agriculture
    Funding Agency: Department of Scientific and Industrial Research (DSIR), Government of India
    Project Value:19,99,183
    Status: Completed
  • Tunneling or Propping? Shareholders’ Decision on Related Party Transaction: Evidence from a Quasi-Natural Experiment
    Funding Agency: Securities and Exchange Board of India (SEBI), Government of India
    Project Value:3,50,000
    Status: Completed
  • Market Competition and Related Party Transactions
    Funding Agency: Indian Institute of Technology (ISM) Dhanbad
    Project Value:8,20,000
    Status: Completed
  • Entrepreneurship Training Programme
    Funding Agency: Department of Science and Technology (DST), Government of India
    Project Value:2,00,000
    Status: Completed

Consultancy Project

Consultancy Projects

  • Development of State Mining Readiness Index (As Co–Principal Investigator)
    Funding Agency: Ministry of Mines, Government of India
    Project Value:1,58,50,940
    Status: On-going
  • Socio-Economic Audit of CSR Activities of DVC (As Co–Principal Investigator)
    Funding Agency: Damodar Valley Corporation (DVC), Raghunathpur
    Project Value:23,60,000
    Status: Completed
  • Designing a Framework of Key Drivers and Performing a Corporate Social Audit for CSR Initiatives on Local Development and Economic Performance (As Co–Principal Investigator)
    Funding Agency: Eastern Coalfields Limited (ECL)
    Project Value:23,63,831
    Status: Completed

Other Academic and Administrative Activities

Other Academic and Administrative Activities

  • Chief Warden, Jasper Hostel, Indian Institute of Technology (ISM) DhanbadJuly 2025 – Till Date
  • Vice-Chairman, MBA Admission (Post renamed as Institute Co-ordinator, MBA Admission from September 2023), IIT (ISM) DhanbadNovember 2021 – September 2025
  • Co-coordinator, Executive MBA Program, IIT (ISM) DhanbadJanuary 2025 – Till Date
  • Vice-President, IIT(ISM) Management Society, IIT (ISM) DhanbadJuly 2025 – Till Date
  • Warden, Jasper Hostel, IIT (ISM) DhanbadJuly 2020 – June 2022
  • Institute Coordinator, Corporate Social Responsibility (CSR) — April 2023 – March 2024
  • Member, Department Post Graduate Committee — August 2020 – Till Date
  • Member, Department Purchase Advisory Committee — July 2022 – June 2023
  • Faculty Advisor, Consultancy Club, Department of Management Studies, IIT (ISM) DhanbadSeptember 2019 – Till Date
  • Coordinator, MBA Admission, IIT (ISM) DhanbadNovember 2020 – November 2021
  • Faculty Co-ordinator, Centre for Innovation, Incubation & Entrepreneurship (CIIE), IIT (ISM) DhanbadJuly 2020 – July 2021
  • Nodal Officer, Atal Community Innovation Centre (ACIC) IIT(ISM), NITI Aayog, Government of India2020–2021
  • Committee Member, Post Graduate Diploma Programme on Leadership in the Energy Resources Industry, IIT (ISM) DhanbadJune 2020
  • Faculty Advisor, Media and Public Relations Cell, Department of Management Studies, IIT (ISM) DhanbadJuly 2019 – July 2021

Invited Lectures for Training Programmes

  • NLC India LtdInvestment Decision Making, IIT(ISM) Dhanbad, August 2025
  • National Power Training InstituteFinancial Model for a Thermal Power Plant Projects, 6–7 January 2025
  • South Eastern Coalfield Limited (SECL)Certificate Programme in Project and Financial Management, May 2023
  • Maithon Power LimitedTraining Program on Financial Planning and Analysis, May 2023
  • India International Trade Fair 2021Importance of Financial Planning and Investment, NSE Centre, November 2021
  • Damodar Valley Corporation (DVC)Executive Development Programme on Finance for Non-Finance Executives, DVC Maithon, 18–19 December 2019
  • Larsen & Toubro LimitedSupervisory Development Programme, IIT Madras, 2018
  • Executive Programme in Business Administration, IIT Madras, 2017
  • Workshop on Business Groups and Governance in Emerging Markets, IIT Madras, 2017

Conferences and Seminars Organized

  • Convener, PAN-IIT – 6th International Conference on Financial Markets and Corporate Finance, IIT(ISM) Dhanbad, July 6–7, 2024
  • Convener, PAN-IIT – 1st Doctoral Colloquium on Financial Markets & Corporate Finance, IIT(ISM) Dhanbad, February 27–28, 2025
  • Core Committee Member, PAN-IIT – 7th and 8th International Conference on Financial Markets and Corporate Finance, IIT Kharagpur and IIT Madras
  • Departmental Coordinator, Concetto (Institute Tech Fest), IIT(ISM) Dhanbad, October 2019
  • Faculty Coordinator, HR Conclave, Department of Management Studies, IIT(ISM) Dhanbad, November 2019

Guidance

Mr. Ratikant BhaskarPh.D. Completed

  • Thesis Title: The Impact of CEO Characteristics on Corporate Social Responsibility (CSR): Evidence from Emerging Economy
  • Ph.D. Awarded: 2023
  • Current Position: Faculty at IIM Kashipur

Mr. Satya Prakash ManiResearch Area: Corporate Governance and Board Diversity  Ph.D. Thesis Submitted: September 2025

Ongoing PhD:

  • Ms. Aarti VermaResearch Area: Green Bonds and Sustainability
  • Ms. Pragya UpadhyayResearch Area: Green Finance
  • Ms. Vandana KumariResearch Area: Corporate Governance

Coursework Completed:

  • Mr. Anmol Kumar
  • Mr. Vineet Singh
  • Mr. Prince R Singh