Dr. Rohit Bansal (Ph.D.-IIT Roorkee)
Assistant Professor (Accounting & Finance)
Q1. Please share your educational and professional journey?
In 2005, I completed my B. Com from Chaudhary Charan Singh University, Meerut, and I completed my MBA honors in 2009 from Uttar Pradesh Technical University, Lucknow. Continuing my educational journey, I have qualified UGC NET and JRF (junior research fellowship) in 2009 then I joined the Indian Institute of Technology, Roorkee for my Ph.D. and completed it in the year 2014. My area of specialization is corporate finance, accounting, IPOs, DEA, and determinants of the stock market.
Q2. You are an MBA graduate. What did attract you towards teaching instead of any corporate job?
I love changing, motivating, and upgrading the life of people. I realized that this is the best way to do this. It also allows interacting with new generation minds as new a batch of students comes every year. Interacting with new generation kept me as young as them, it does not make me feel aging. Learning is a lifelong process. The corporate sector job is good. But teaching gives me complete freedom of thought process, preparing lectures according to me and dealing with the students at my level. This is all a unique feature that a corporate sector does not provide. Over time, this profession builds a huge family with such a huge number of students. This is the profession that prepares students for all other professions.
Q3. How do you motivate yourself every morning?
The passion for my work motivates me every morning. As every day I have to teach the students, involvements in research and business cases with myPh.D.D students. I have to prepare for the lecture and every day I have a new topic, a new task. So, this makes me very interesting that each day I have something new to do.
Q4. You did your Ph.D. from IIT, Roorkee. What was your Thesis topic in Ph.D.? Please share some brief about it?
My topic title was, “IPO UNDERPICING AND POST IPO PERFORMANCE ANALYSIS: EVIDENCE FROM INDIAN CAPITAL MARKET”,
To measure the IPO initial performance, market-adjusted abnormal return (MAAR) is used as dependent variables against several independent variables such as firm’s size (total capitalization), book build pricing mechanism, firm’s age, offer to time, government-backed IPOs, subscription rate, shareholding variables such as promoters holding and non-promoter holding financial performance variables such as debt to equity ratio, current ratio, price-earning ratio, cash earning per share, return on capital employed.
The sample included the IPO data that is listed on BSE (Bombay stock exchange), The sample consists of all the underpriced IPOs that were issued by either book-build or fixed option pricing mechanism. Therefore, the study has divided the sample into year-wise, sector-wise and pricing mechanism wise. The study also includes information contained in a prospectus that includes several ex-ante uncertainty variables like, firm’s age, issue size, market capitalization, number of shares offered to the public, offer timing, pricing mechanism, industry-specific IPOs, financial performance factors such as debt-equity ratio, return on capital employed, price earning ratio and cash earning per share, shareholding pattern and IPO grading into the research models.
Q5. You are skilled in Analytical Skills, Statistical Modeling. Please share some brief about it that how it is beneficial in the real world?
Analytical skills mean the demonstration of logical thinking, gathering of a variety of data, inputs, and arranging them in different methods. Research is the most important part of an Analyst’s day to day job. This is because unless the correct data is mined by using proper research skills there will be no scope for analysis. So, this skill requires a precise understanding of the problem or scenario, followed by listing down of all the required questions and lastly finding out the answers
The ability to forecast, plan, prioritize, rank, and recognize financial problems are all qualities of an effective financial analyst. Possessing these skills means that a financial analyst can gauge and solve problems utilizing strategic planning and analysis of financial resources, markets, and products to help their company make sound financial decisions.
For financial analysts, technical skills are becoming increasingly necessary. Many firms are looking at candidates who have strong Statistical and problem-solving knowledge such as Python, SPSS, Eviews, STATA, AMOS, and R. Further, proficiency in MS Excel is a must. Also, for creating a Network diagram, coupling, knowledge of Vosviwer, Gephi, and Cite explore is a must. For example, analysts in the equity research department need this quality when they have to value companies by using different methods like DCF, DuPont analysis, NOPAT, CAPM, Portfolio optimization, and DEA. Similarly, technical skills can include the ability to learn new software or applications that may be necessary for performing effectively as a financial analyst.
Q6. Who is your source of motivation?
Again, the source of my motivation is my profession, research scholars, colleagues, and my students with whom I interact daily and solve their silly questions which make me fun and enjoying and facing some genuine problems on a different topic from students which requires brainstorming and compels a productive discussion.
Q7. Which one thing do you want to change in yourself/your domain and why?
I want to add a few more skills in my portfolio namely Machine learning and Artificial intelligence. Machine learning provides us with technology to augment our human capabilities. AI has widespread benefits. Businesses can use AI to assess risk and define the opportunity, cut costs, and boost research and innovation.
Q8. What do you do in your free time? Do you update yourself in terms of education?
If you love you love your work by heart, then there is no free time. You will enjoy it without getting bored. But, apart from my job I spent my time with my family as well as my friends. I try to upgrade myself in my field by interacting with my peers and focusing on writing a research paper, case study, and articles on different current topics/situations. I also watch Youtube upgrade my skills in the field of new research methodology and I always spare some time to read/watch national and international events that are taking place so that I can make my own opinion out of it.
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Dr. Rohit Bansal