Saurav Roychoudhury

Professor

Department

Business

Contact Information

Biography

Dr. Saurav Roychoudhury, a Professor of Finance and Economics at Capital University, has an extensive background in the field. He obtained his Ph.D. in economics, with a finance specialization, from West Virginia University's College of Business and Economics in 2006. His professional journey includes positions at the Industrial Investment Bank of India and the Reserve Bank of India's Department of Economic Analysis and Policy. He holds a master's degree in economics from Jawaharlal Nehru University, India, and an MBA from ICFAI Business School, India. Additionally, he is a Chartered Financial Analyst (CFA) from the Institute of Chartered Financial Analysts of India and holds a Financial Risk Manager (FRM) certification from the Global Association of Risk Professionals.

Dr. Roychoudhury's areas of expertise include corporate finance, governance, data analytics, investments, public policy, and risk management. He has presented his research at numerous national and international academic conferences and has been published in various peer-reviewed journals. He's also an author and contributor to multiple book chapters. He received accolades such as the best doctoral teaching award at West Virginia University in 2005 and the best paper award in Finance at the American Business research conference in 2012. He has developed peer-reviewed modules on computational finance using MS Excel, supported by an NSF grant, where he was co-PI.

He is known for advocating undergraduate research and enjoys mentoring students. Dr. Roychoudhury has refereed for several journals and is on the editorial board of a few international journals. His research has been featured in The Economist, Slate, and Bloomberg Businessweek. In 2013-14, he was a visiting research scientist at the Indian Statistical Institute during his sabbatical.

Furthermore, Dr. Roychoudhury conducts economic impact studies for public and private entities and writes expert opinion letters for foreign nationals in Finance, Economics, and Business. His consulting experience extends to start-ups and large corporations like Mercedes Benz, USA. At Capital University, he serves on several committees, including the University Budget and Planning, Faculty Evaluation, and Retirement Planning committees. He is also the faculty advisor for the Student Managed Investment Fund and mentors the university's CFA Research Challenge team.

Degrees Earned

Ph.D., College of Business & Economics, West Virginia University

Financial Risk Manager (FRM), Global Association of Risk Professionals

Chartered Financial Analyst (CFA), Institute of Chartered Financial Analysts of India

MBA (Finance and IT), IBS, India, 2000

Master's degree in economics, Jawaharlal Nehru University in New Delhi, India

Classes

Undergraduate

Finance (traditional and Hybrid Offering)

Investment Finance

Corporate Finance

Financial Institutions, Markets & Risk

International Business

Financial Modeling

Intermediate Macroeconomic Theory & Practice (Economics)

Introduction to Political Economy (Economics)

Econometric Methods (Economics)

MBA

Financial Management

Financial Modeling with Excel

Quantitative and Analytical Methods

Publications

Roychoudhury, S., Bhowmik, A. & S. Chattopadhyay. 2023. ‘Innovation and Governance’. Journal of Economics and Finance. https://doi.org/10.1007/s12197-023-09632-z

Roychoudhury, S. 2018. ‘Teaching Value at Risk using Excel’. Journal of Economics and Finance Education 17(2), pp. 81-95.

Roychoudhury, S. 2018. ‘Creating Optimal Portfolio and the Efficient Frontier Using Microsoft Excel^®’. Journal of Quantitative Methods, 2(2), pp. 104-136.

Prosad, J. M., Kapoor, S., Sengupta, J., & S. Roychoudhury. 2018. ‘Overconfidence and Disposition Effect in Indian Equity Market: An Empirical Evidence’. Global Business Review, 19(5), 1303-1321.

Roychoudhury, S., and R. A. Lawson. 2016. 'Do Travel Visa Requirements Impede Tourist Travel?'. Journal of Economics and Finance 39(4), pp. 817-12.

S. T. Malone & S. Roychoudhury, and. 2012. ‘Were Bank CEOs’ overpaid?’. Journal of Business and Policy Research 7(4), pp. 30-39.

Roychoudhury, S., and R. A. Lawson. 2010. ‘Economic Freedom and Sovereign Credit Ratings and Default Risk’. Journal of Financial Economic Policy 2(2), pp. 149-162.

Roychoudhury, S., and A. B. Abbott. 2009. ‘IPO Performance and Corporate Governance: Evidence from the US Stock Market.’. InternationalJournal of Global Business and Economics 2(2), pp. 202-216.

Roychoudhury, S., and A. V. Egorov. 2009. ‘Corporate Innovation and Corporate Governance: A Study of U.S. Firms'. Corporate Ownership and Control 6(3), pp. 342-359.

Roychoudhury, S. and R. A. Lawson. 2008. ‘Economic Freedom and Equity Prices among the U.S. States’. The Credit and Financial Management Review 14(4), pp. 33-46.

Other Publications

‘Effect of Corporate Tax Cuts on Capital Structure in the US: A Short Run Analysis,’ Proceedings of the 21^ST LHBSS Conference, 2019.

‘State Economic Performance and Effective Tax Rates’ (with P. A. Yakovlev), 2017, Journal of Emerging Issues in Economics, Finance and Banking 6(2), pp. 2350-65.

‘Innovation and Regulation,' Proceedings of the Seventh European Academic Research Conference on Global Business, Economics, Finance and Banking, 2017.

‘Liquidity and IPO performance in the last decade’ (with A. Abbott), MITS International Journal of Business Research 1(1), 2014.

'The Economic Gains from Eliminating US Travel Visas,' (with R. A. Lawson and R. Murphy), Economic Development Bulletin, 19, 2014.

'Estimating Risk-Adjusted Returns,' 2011, Development and Dissemination of Computational Science Educational Materials, NSF computational science module, Vol (3).

'Likelihood of Loss and the Value at Risk,'2010, Development and Dissemination of Computational Science Educational Materials, NSF computational science module, Vol (2).

'Allocation of investment portfolios along the efficient frontier,' 2007, Development and Dissemination of Computational Science Educational Materials, NSF computational science module, Vol (1).

Book and Book Chapters

Chapter 2: "Innovation and Regulation: An Inverted-U Relationship?" in Globalisation and Development: Perspectives and Policies, GPH, ISBN:9788121215633, 2019.

Chapter 2: “Creating the Environment for Entrepreneurship through Economic Freedom,” with Robert Lawson and Joshua Hall, in Public Policy, Productive and Unproductive Entrepreneurship: the impact of Public Policy on entrepreneurial outcomes, Elgar Publishing, ISBN: 9781781005804, 2017.

Chapter 3: “Entrepreneurship, Migration and Public Policy,” with Pavel Yakovlev, in Public Policy, Productive and Unproductive Entrepreneurship: the impact of Public Policy on entrepreneurial outcomes, Elgar Publishing, ISBN: 9781781005804, 2017.

Initial Public Offerings, Liquidity, and Corporate Governance, Lambert Academic Publishing,

ISBN-10: 3838318420, 2009.