Prof. Ashutosh Yadav

Assistant Professor

Academic Area: Finance and BFSI

Ashutosh Yadav holds a Master of Business Administration degree in Finance from Abdul Kalam Technical University. He has successfully submitted his doctoral thesis at BML Munjal University, focusing on the regulatory impacts on Indian commodity derivatives markets. His doctoral research is grounded in empirical analysis, applying advanced econometric models and theories from market microstructure. In addition to his formal education, Ashutosh is pursuing certifications in Financial Modelling & Valuation (NSE Academy) and has completed Practical Time Series Analysis (Coursera), complementing his technical and analytical expertise.

Ashutosh has worked as an Assistant Professor at Manipal University Jaipur, after a distinguished tenure as a Doctoral Fellow at BML Munjal University and earlier as Assistant Professor at RNB Global University. Throughout his academic journey, he has actively contributed to both classroom teaching and academic administration, including the coordination of Faculty Development Programs (FDPs) and international conferences such as ICMS and EIS at BML Munjal University. He has taught a diverse set of MBA-level and undergraduate courses, including Security Analysis & Portfolio Management, Financial Markets, Banking Operations, and Financial Management.

Ashutosh’s methodological strengths include time series analysis (GARCH family models, ARMA, AMIM, VAR, VECM) and price discovery techniques such as the Garbade-Silber and Roll Models. He is highly proficient in R, SPSS, STATA, Power BI, and qualitative tools like NVIVO and VOS viewer.

Ashutosh’s research interests lie at the intersection of commodity derivatives, liquidity and volatility analysis, price discovery mechanisms, hedging efficiency, and the policy interventions that shape emerging market dynamics. He has presented his work at major national and international academic forums, such as INDAM 2022, SMF (IRMA Anand), IFAC (IIM Jammu), and RSEP (Paris), often receiving commendation for the practical relevance and methodological rigour of his research.

Ashutosh continues to advance his research agenda, with ongoing projects analysing the impact of Climate Policy Uncertainty (CPU) on the stock markets of India and China, as well as the volatility implications of the US-China trade war on the Indian NSE using global and US-specific economic policy uncertainty indices. His commitment to both pedagogy and research is evident in his ongoing efforts to contribute meaningful insights into financial regulation, market efficiency, and policy evaluation in emerging economies.

Ashutosh’s primary areas of Teaching are Finance & Financial Economics, along with subjects like Financial Markets, Investment Analysis, and Econometrics for Finance.

2. Area of Teaching
  • Finance 
  • Financial Economics 
  • Financial Markets
  • Investment Analysis, and 
  • Econometrics for Finance
3. Awards & Honours
  • Qualified the University Grants Commission’s National Eligibility Test (UGC-NET) in Management three times (2017–2018) and successfully cleared the UPSC CDS (2013 I & II) under the National Career Service scheme.
4. Research Publications
  • Aloulou, M., Rao, A., Dagar, V., & Yadav, A. (2026). Climate risk spillovers and financial tail-events: Evidence from quantile analysis. Research in International Business and Finance, 85, 103337. https://doi.org/10.1016/j.ribaf.2026.103337 (Scopus Q1; ABDC A)

  • Rao, A., Aloulou, M., Dagar, V., & Yadav, A. (2025). Economic sustainability and institutional quality in the green energy transition: Evidence from developing economies. International Economics, Article 100669. https://doi.org/10.1016/j.inteco.2025.100669 (Scopus Q1)

  • Raguraman, S., Yadav, A., & Pandit, D. (2025). BatX: Battling the Recycling Curve (Case No.W37589). Ivey Publishing. [15 pages]. https://www.iveycases.com/

  • “Impact on Risk Management and Price Discovery Due to Governmental Intervention” (International Journal of Research in Industrial Engineering, Scopus Indexed)
  • “Agriculture Commodity Derivatives Market: Research Clusters and Gaps” (IIJASSAH)