The Centre for Finance and Economics Research (CFER) at Great Lakes Institute of Management is dedicated to promoting research excellence and innovation in the areas of finance, economics, and public policy. By engaging with academia, industry, and regulatory bodies, the Centre provides a platform for impactful research, data-driven insights, and informed policy discourse. CFER also supports student-driven projects, faculty research, and collaborative studies that shape responsible and sustainable financial decision-making.
Upcoming Conference: Women @ Work - White Paper Launch, | March 06th 2026
Research at the Centre for Finance and Economics Research focuses on ideas that matter beyond journals and classrooms. Our work spans finance, economics, and public policy, bringing together rigorous analysis and real-world relevance. Faculty and associates engage with industry, regulators, and institutions to examine how markets function, how policies shape outcomes, and how financial decisions affect society at large. The Centre also supports collaborative and student-driven research that contributes to responsible, informed, and sustainable decision-making.
Publications by The Centre Associates covers economics, public policy, labour markets, gender and employment, financial systems, sustainability, and institutional reform. Grounded in empirical research and policy analysis, these articles examine issues such as workforce participation, regional growth disparities, employment dynamics, household behaviour during economic shocks, and long-term structural transitions in the Indian economy. Published across leading national and international platforms, the work contributes to evidence-based public discourse and policy thinking.
What Shapes Us is a podcast about the forces that quietly influence who we become and how far we go. Through personal journeys, we explore why some people find momentum while others struggle to break through. The conversations move between lived experience and larger systems, where effort, access, chance, and context meet. Each episode lets the 5E framework emerge naturally through stories that feel real, reflective, and human.
Upcoming Episode: Sample Name
CFER Associates are faculty members at Great Lakes Institute of Management who are actively engaged with the Centre’s work. Their research and teaching span finance, economics, and public policy, with a focus on questions that matter to markets, institutions, and society. As Associates, they contribute to research initiatives, thought leadership, and conversations that connect academic insight with real-world relevance.
Over the years, the Centre has hosted a series of high-impact finance conferences that bring together policymakers, market practitioners, academics, and industry leaders to engage with some of the most critical questions shaping India’s economic and financial landscape. These conferences have covered themes ranging from India’s secular growth story, central banking and macroeconomic stability, wealth creation and personal finance, ESG and sustainable finance, to auction theory and public policy design. Each event is anchored in rigorous thinking and real-world relevance, creating a space where theory meets practice, policy meets markets, and long-term perspectives take precedence over short-term noise. Together, these forums reflect the Centre’s commitment to informed debate, practitioner-led insight, and evidence-based discourse on finance and the Indian economy.
For research collaborations, academic engagement, events, or general enquiries related to the Centre for Finance and Economics Research, please reach out to us. We welcome conversations with scholars, practitioners, institutions, and students who are interested in advancing research and dialogue in finance, economics, and public policy.
Migration among single women in India for employment remains very low, with the lack of safe and affordable housing constituting a key barrier. The report to be released examines the impact of working women’s hostels in Tamil Nadu on women’s employment outcomes and lived experiences, analysing how access to secure accommodation influences labour market participation, mobility, and everyday well-being.
Goli Soda, Ivey Case Studies
Vidya Mahambare
https://www.iveypublishing.ca/s/product/goli-soda/01tOF000007YbPJYA0
Financial stress, economic policy uncertainty, and market volatility: Implications for cross boarder acquisition activity, Research In Globalization
Chandrika Raghavendra, Scopus Q1
Economic Policy Uncertainty, ESG and Credit Risk: Do Environmentally Sensitive Industries Enjoy Superior Risk Mitigation, Applied Economics
Ranjitha Ajay, Scopus Q2, ABDC/A
Logistics Capabilities as Drivers of Cross-Border Acquisitions: Empirical Insights from Advanced and Emerging Economies, Applied Economics
Chandrika Raghavendra, Scopus Q2, ABDC/A
https://www.tandfonline.com/doi/abs/10.1080/00036846.2025.2501342
Analysing the sentiment-based variation in finance ministers’ communication, Quality and Quantity
Vidya Mahambare, Scopus Q1, ABDC/B
https://link.springer.com/article/10.1007/s11135-025-02324-2
Evaluating cash transfers and health advice impact on child health: evidence from low-performing Indian states under Janani Suraksha Yojana, Indian Growth and Development Review
Vidya Mahambare, Scopus Q2, ABDC/B
Advancing Understanding of ESG Scores and Executive Compensation Relationships in the Indian Context, Global Finance Journal
Ranjitha Ajay, Scopus Q1, ABDC/A
http://sciencedirect.com/science/article/abs/pii/S1044028324000656
Dissecting E, S, and G for Risk Mitigation: Insights from the Term Structure of CDS, Applied Economics
Ranjitha Ajay, Scopus Q1, ABDC/A
https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2423066
Does Human Flight and Brain Drain Affect Cross-Border Acquisitions? Insights into Tobit and Binomial Regression Models, Research in International Business and Finance
Chandrika Raghavendra, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/pii/S0275531925000613
Commuting, Transport Infrastructure, and Gender: Evidence from Indian Metros, Journal of Social and Economic Development
Vidya Mahambare, Scopus Q2, ABDC/C
https://link.springer.com/article/10.1007/s40847-024-00413-w
Do Market, Resource, and Knowledge Distance Impact Inbound Cross-Border Acquisitions?, Global Finance Journal
Chandrika Raghavendra, Scopus Q1, ABDC/A
https://www.sciencedirect.com/science/article/pii/S1044028323000571
Stretch or Suppress: Role of Owners and Nominee Directors in Financial Distress, Journal of Emerging Market Finance
Swechha Chada, Scopus Q3, ABDC/B
Socioemotional Wealth and Cash flow Sensitivity of Cash: Evidence from India, North American Journal of Economics and Finance
Swechha Chada, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/abs/pii/S1062940823001468
Economic policy uncertainties and institutional ownership in India, The Journal of Economic Asymmetries
Swechha Chada, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/pii/S1703494923000051
The Informational Content of Central Bank Communication for the Energy Market: the Role of News versus Surprises, Applied Economics
Amar Jyoti, Scopus Q2, ABDC/A
https://www.tandfonline.com/doi/abs/10.1080/00036846.2023.2293669
Impact of carbon emissions, renewable and non-renewable energy consumption on inbound cross-border mergers and acquisition’s investment inflow, Environment, Development and Sustainability
Chandrika Raghavendra, Scopus Q1
https://link.springer.com/article/10.1007/s10668-024-04511-x
EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION: A STUDY OF THE INDIAN MANUFACTURING SECTOR, Journal of Commerce & Accounting Research
Ranjitha Ajay, ABDC/C
The political budget cycles in the presence of a fiscal rule: The case of farm debt waivers in India, Journal of Policy Modeling
Vidya Mahambare, Scopus Q1, ABDC/A
VfM audit and the UK public sector: A critical review of the VfM reports, Financial Accountability and Management
Ranjitha Ajay, Scopus Q1, ABDC/A
Women's challenging commutes in southern India: A case of the metropolitan region of Chennai, Cities
Vidya Mahambare, Scopus Q1
Whose speeches impact European markets: ECB's or the national central banks'?, European Financial Management
Jalaj Pathak, Scopus Q1, ABDC/A
Can blockchain enabled green bond issuance lead to intent to invest? A moderated mediation model, Applied Economics
Gayathri Giri, Scopus Q2, ABDC/A
Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India, Cogent Economics & Finance
Vishwanathan Iyer, Scopus Q2, ABDC/B
Earnings quality, institutional investors and corporate cash holdings: evidence from India, International Journal of Managerial Finance
Swechha Chada, Scopus Q1, ABDC/A
Male Backlash and Female Guilt: Women’s Employment and Intimate Partner Violence in Urban India, Feminist Economics
Vidya Mahambare, Scopus 94, ABDC/A
The role of Reddit in the GameStop short squeeze, Economics Letters
Jalaj Pathak, Scopus 59, ABDC/A
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare, Trichy Krishnan, Suresh Ramanathan and Udaya N
ET Brand Equity
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare
Times of India
Vidya Mahambare
The Print
Vidya Mahambare and Jalaj Pathak
Ideas for India
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
The Print
Vidya Mahambare
Hindustan Times
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
Mobility Outlook
Vidya Mahambare
Times of India
Vidya Mahambare
The Print
Vidya Mahambare
Industrial Economist
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
Financial Express
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
The South First
Vidya Mahambare
University of Pennsylvania / CASI
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
Marginal Revolution
Vidya Mahambare
The 1991 Project / Mercatus Centre
Vidya Mahambare
Business Standard
Vidya Mahambare
Business Standard
Vidya Mahambare
India Today
Vidya Mahambare
The National News UAE
Vidya Mahambare
Business Beyond / DW News
Vidya Mahambare
Artha Global
Vidya Mahambare
Great Lakes / Inspiring Change Conference
Vidya Mahambare
Bloomberg
Ranjitha Ajay
Economic Times (Government ET)
Ranjitha Ajay (with Arnab Sarkar)
Daily Pioneer
Ranjitha Ajay (with Arnab Sarkar)
VC World
Ranjitha Ajay (with Rintu Anthony)
BusinessWorld / The Hindu Business Line
Ranjitha Ajay (with Neethu Mohammed)
BW Sustainability World
Ranjitha Ajay and Shrivar Todi
The Week
Ranjitha Ajay
Business Standard Hindi
Chandrika Raghavendra
Times Now
Chandrika Raghavendra
Business Standard
Chandrika Raghavendra
India Today
Chandrika Raghavendra
Business Standard
Chandrika Raghavendra
The Week
Chandrika Raghavendra
Deccan Herald
Chandrika Raghavendra
The Week
Vishwanathan Iyer
Moneycontrol
Vishwanathan Iyer
SiliconIndia
Vishwanathan Iyer
The Week
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
India TV
Vishwanathan Iyer
Deccan Herald
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
India Today
Vishwanathan Iyer
CSR Times
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
India Today
Vishwanathan Iyer
Outlook Business

Sirisha Bhamidipati is a Fulbright Scholar, IIM Ahmedabad alum, and disability-inclusion advocate who works to reframe accessibility as essential infrastructure. In this conversation with Vidya, she shares her journey of rebuilding her life after paralysis and reflects on how systems are designed to include or exclude, by choice or by default.

Mitu Samar Jha is the Founder and CEO of Eminence Strategy Consulting, with leadership experience across CRISIL, Aditya Birla Capital, ICICI Prudential MF, and Great Eastern Shipping. In conversation with Vidya, she traces her journey from Bihar to the corporate boardroom and reflects on how self-determination and hard work compound over time to shape outcomes.

Vasanth Emmanuel Jeyapaul is the CEO of CAMSPay, the payments arm of CAMS, one of India’s largest financial infrastructure providers. In conversation with Vidya, he reflects on his journey from interior Tamil Nadu to shaping India’s digital payments ecosystem, and how unexpected choices and transitions have defined his path through the lens of the 5Es.

From small town India to the venture capital tables of Blume Ventures, Sajith Pai’s journey is shaped as much by geography as ambition. In this episode, he unpacks the thinking behind the Indus Valley Annual Report and what it reveals about India’s startup engine. He speaks about how social and institutional endowments quietly shape who gets ahead. And how the profile of the Indian founder is changing as opportunity spreads beyond the obvious circles.

What if marketing began with people living under scarcity? In this episode, Madhubalan Viswanathan explains why he built the idea of Subsistence Marketplace. He unpacks the real constraints low income entrepreneurs face. And what it takes to turn intent into meaningful opportunity.

At Indian Institute of Management Bangalore, Rishikesh Krishnan has shaped both strategy and innovation. Drawing from From Jugaad to Systematic Innovation and 8 Steps to Innovation: Going from Jugaad to Excellence, he reflects on what truly drives progress. In this episode, he explores which forces shape entrepreneurs and academics. And why institutions must evolve to create real equality of opportunity.
















The 16th The Annual Finance Conference will focus on the theme ‘Financial Stability in a Volatile World: Risks, Resilience, and Regulation’, and will be inaugurated by the Deputy Governor of India’s Central Bank, the Reserve Bank of India, Shri T. Rabi Sankar. The conference will feature a panel discussion and the release of two white papers by the centre’s faculty members: one examining the market efficiency in the sale of non-performing assets (NPAs) by banks and the other on equity market microstructure issues.
The book A Sixth of Humanity: Independent India’s Development Odyssey by economist Arvind Subramanian and political scientist Devesh Kapur was launched at Great Lakes Institute of Management, Chennai, as part of The Federal’s Voices That Count series.
In a wide-ranging conversation with the centre’s chairperson Prof Vidya Mahambare and The Federal’s chief editor Mr S Srinivasan, the authors unpacked India’s distinctive development journey. They examined the country’s unusual sequencing of democracy before sustained economic development, the tensions between state capacity and political ambition, and the shifting role of institutions in shaping outcomes.
The discussion moved beyond theory into sharp, contemporary questions about growth, equity, governance, and India’s place in a changing global order. What followed was an engaged exchange with students and faculty, turning the book launch into a thoughtful dialogue on the challenges and opportunities that will define India’s next chapter.
On 7 March 2025, we hosted a special event in collaboration with the Madras Management Association to mark International Women’s Day, centring the conversation on strengthening women’s leadership and expanding their role in business and decision-making.
The evening brought together industry leaders, academicians, and professionals for a focused dialogue on what still holds women back and what institutions and organisations must do differently. From leadership pipelines to access to capital and board representation, the discussion was grounded in both data and lived experience.
A key highlight of the event was the release of our report, Women @ Work: Powering Progress, Shaping the Future. The report was widely appreciated and went on to receive strong coverage across multiple media platforms, reinforcing the urgency and relevance of building more inclusive and future-ready workplaces.
You can watch the whole event @ https://www.youtube.com/watch?v=5iJBPZhnqZw
The 15th Annual Finance Conclave 2025 brought together market practitioners and academic leaders to explore India’s Secular Growth Story—the structural forces shaping India’s long-term economic expansion beyond short-term cycles. The conclave features a masterclass on Valuation Beyond Numbers, followed by a panel discussion with leading voices from capital markets, asset management, and venture investing. Together, the sessions offer a practitioner-led perspective on valuation, governance, and growth in India’s evolving financial landscape.
Masterclass Speaker - Bhupendra Tiwary – AVP Research, ICICI Securities
Session: Valuation Beyond Numbers
Panel Discussion
The conference theme focused on the integration of environmental, social, and governance considerations into investment decision-making and their implications for risk management, portfolio performance, and long-term value creation. It covered socially responsible and impact investing, green finance instruments, and climate finance, with attention to their effectiveness in mobilising capital toward sustainable outcomes. The theme also emphasised corporate governance, transparency, disclosure, and the evolving regulatory landscape in building investor confidence and accountability, alongside the role of financial inclusion and development finance institutions in advancing sustainable development goals.
Keynote Address by Mr. Lalit Taneja [Head, GARP India (Delhi Chapter)]
Theme: Nurturing a Sustainable Future
Masterclass by Mr. Pralabh Bhargava [Principal Consultant, ERM Delhi]
Theme: Mechanisms, Frameworks, Instruments and Impact Measurement
Panel Discussion
The conference focused on how individuals, institutions, and economies can build and protect wealth amid volatility, uncertainty, complexity, and ambiguity. It explored India’s macroeconomic rise in a disrupted global environment alongside practical personal finance strategies for long-term financial resilience. The discussions bridged policy, markets, and household finance perspectives.
Inaugural address - Gautam Chikermane, Vice President, Observer Research Foundation; Author of Reform Nation and India 2030 (Inaugural Address: “The Rise of India in a World of Disruptions”)
Masterclass - Monika Halan, Personal Finance Expert; Author of Let’s Talk Money
(Keynote Address: “Let’s Talk Money: How to Get Your Money to Work Hard for You”)
The conference examined the challenges policymakers face in managing macroeconomic and financial stability, drawing on central banking experience in India. It also explored long-term wealth creation strategies through disciplined investing and institutional capital management. Together, the sessions bridged public policy perspectives with market-driven investment approaches.
The keynote address - Duvvuri Subbarao, 22nd Governor, Reserve Bank of India; Former Joint Secretary, Ministry of Finance, Government of India (Inaugural Talk: “Dilemmas in Central Banking: Experiences from the Reserve Bank of India”)
Session on Wealth Creation Strategies
The conference focused on auction theory and its practical relevance for Indian markets and public policy, particularly in sectors such as telecommunications. It brought together global theoretical insights and Indian policy applications, highlighting how well-designed auctions can improve efficiency, competition, and economic outcomes. The discussions bridged Nobel Prize–winning economic theory with real-world regulatory and market challenges in India.
Robert B. Wilson, Nobel Laureate in Economics (2020); Adams Distinguished Professor of Management (Emeritus), Stanford Graduate School of Business (Inaugural Address)
Rajat Kathuria, Director and Chief Executive, Indian Council for Research on International Economic Relations (ICRIER), New Delhi
Bala V Balachandran, Founder, Chairman and Dean (Emeritus), Great Lakes Institute of Management
Suresh Ramanathan, Dean and Principal, Great Lakes Institute of Management, Chennai
Sanjoy Sircar, Professor of Finance, Great Lakes Institute of Management, Chennai (Context Setting: Indian Telecom Sector at a Crossroads; Moderator)
Vidya Mahambare, Professor of Economics, Great Lakes Institute of Management
Across economies, gender gaps in work persist in ways that are structural, not incidental. The pandemic exposed how fragile progress had been. Globally, women exited the workforce at higher rates due to caregiving burdens, job losses in contact-intensive sectors, and limited social safety nets. In India, female labour force participation continues to remain among the lowest for major economies, despite rising educational attainment among women.
The barriers show up at every stage. During job searches, women are often filtered into lower-paying or informal roles. In wage negotiations, social conditioning and bias can suppress earnings. Career progression slows at the middle-management level, where leadership pipelines narrow sharply. Access to capital for women entrepreneurs remains costlier and more restrictive, limiting scale and sustainability. Many of these constraints are subtle, embedded in norms, networks, and institutional design, yet their cumulative effect is significant: they restrict women from fully realising their economic and leadership potential.
Against this backdrop, on 9 and 10 December 2022, we hosted an international conference that brought together leading academicians and practitioners to examine these challenges through data, lived experience, and policy insights. The discussions moved beyond diagnosis to solutions, exploring pathways to build more inclusive workplaces, strengthen institutional support, and reimagine systems that enable women not just to participate, but to lead and transform the future of work.
To know more about the conference, click @ https://www.greatlakes.edu.in/chennai/inspiring-change-indian-women-and-paid-work
Migration among single women in India for employment remains very low, with the lack of safe and affordable housing constituting a key barrier. The report to be released examines the impact of working women’s hostels in Tamil Nadu on women’s employment outcomes and lived experiences, analysing how access to secure accommodation influences labour market participation, mobility, and everyday well-being.
Research at the Centre for Finance and Economics Research focuses on ideas that matter beyond journals and classrooms. Our work spans finance, economics, and public policy, bringing together rigorous analysis and real-world relevance. Faculty and associates engage with industry, regulators, and institutions to examine how markets function, how policies shape outcomes, and how financial decisions affect society at large. The Centre also supports collaborative and student-driven research that contributes to responsible, informed, and sustainable decision-making.
Goli Soda, Ivey Case Studies
Vidya Mahambare
https://www.iveypublishing.ca/s/product/goli-soda/01tOF000007YbPJYA0
Financial stress, economic policy uncertainty, and market volatility: Implications for cross boarder acquisition activity, Research In Globalization
Chandrika Raghavendra, Scopus Q1
Economic Policy Uncertainty, ESG and Credit Risk: Do Environmentally Sensitive Industries Enjoy Superior Risk Mitigation, Applied Economics
Ranjitha Ajay, Scopus Q2, ABDC/A
Logistics Capabilities as Drivers of Cross-Border Acquisitions: Empirical Insights from Advanced and Emerging Economies, Applied Economics
Chandrika Raghavendra, Scopus Q2, ABDC/A
https://www.tandfonline.com/doi/abs/10.1080/00036846.2025.2501342
Analysing the sentiment-based variation in finance ministers’ communication, Quality and Quantity
Vidya Mahambare, Scopus Q1, ABDC/B
https://link.springer.com/article/10.1007/s11135-025-02324-2
Evaluating cash transfers and health advice impact on child health: evidence from low-performing Indian states under Janani Suraksha Yojana, Indian Growth and Development Review
Vidya Mahambare, Scopus Q2, ABDC/B
Advancing Understanding of ESG Scores and Executive Compensation Relationships in the Indian Context, Global Finance Journal
Ranjitha Ajay, Scopus Q1, ABDC/A
http://sciencedirect.com/science/article/abs/pii/S1044028324000656
Dissecting E, S, and G for Risk Mitigation: Insights from the Term Structure of CDS, Applied Economics
Ranjitha Ajay, Scopus Q1, ABDC/A
https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2423066
Does Human Flight and Brain Drain Affect Cross-Border Acquisitions? Insights into Tobit and Binomial Regression Models, Research in International Business and Finance
Chandrika Raghavendra, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/pii/S0275531925000613
Commuting, Transport Infrastructure, and Gender: Evidence from Indian Metros, Journal of Social and Economic Development
Vidya Mahambare, Scopus Q2, ABDC/C
https://link.springer.com/article/10.1007/s40847-024-00413-w
Do Market, Resource, and Knowledge Distance Impact Inbound Cross-Border Acquisitions?, Global Finance Journal
Chandrika Raghavendra, Scopus Q1, ABDC/A
https://www.sciencedirect.com/science/article/pii/S1044028323000571
Stretch or Suppress: Role of Owners and Nominee Directors in Financial Distress, Journal of Emerging Market Finance
Swechha Chada, Scopus Q3, ABDC/B
Socioemotional Wealth and Cash flow Sensitivity of Cash: Evidence from India, North American Journal of Economics and Finance
Swechha Chada, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/abs/pii/S1062940823001468
Economic policy uncertainties and institutional ownership in India, The Journal of Economic Asymmetries
Swechha Chada, Scopus Q1, ABDC/B
https://www.sciencedirect.com/science/article/pii/S1703494923000051
The Informational Content of Central Bank Communication for the Energy Market: the Role of News versus Surprises, Applied Economics
Amar Jyoti, Scopus Q2, ABDC/A
https://www.tandfonline.com/doi/abs/10.1080/00036846.2023.2293669
Impact of carbon emissions, renewable and non-renewable energy consumption on inbound cross-border mergers and acquisition’s investment inflow, Environment, Development and Sustainability
Chandrika Raghavendra, Scopus Q1
https://link.springer.com/article/10.1007/s10668-024-04511-x
EARNINGS MANAGEMENT AND EXECUTIVE COMPENSATION: A STUDY OF THE INDIAN MANUFACTURING SECTOR, Journal of Commerce & Accounting Research
Ranjitha Ajay, ABDC/C
The political budget cycles in the presence of a fiscal rule: The case of farm debt waivers in India, Journal of Policy Modeling
Vidya Mahambare, Scopus Q1, ABDC/A
VfM audit and the UK public sector: A critical review of the VfM reports, Financial Accountability and Management
Ranjitha Ajay, Scopus Q1, ABDC/A
Women's challenging commutes in southern India: A case of the metropolitan region of Chennai, Cities
Vidya Mahambare, Scopus Q1
Whose speeches impact European markets: ECB's or the national central banks'?, European Financial Management
Jalaj Pathak, Scopus Q1, ABDC/A
Can blockchain enabled green bond issuance lead to intent to invest? A moderated mediation model, Applied Economics
Gayathri Giri, Scopus Q2, ABDC/A
Modelling asymmetric sovereign bond yield volatility with univariate GARCH models: Evidence from India, Cogent Economics & Finance
Vishwanathan Iyer, Scopus Q2, ABDC/B
Earnings quality, institutional investors and corporate cash holdings: evidence from India, International Journal of Managerial Finance
Swechha Chada, Scopus Q1, ABDC/A
Male Backlash and Female Guilt: Women’s Employment and Intimate Partner Violence in Urban India, Feminist Economics
Vidya Mahambare, Scopus 94, ABDC/A
The role of Reddit in the GameStop short squeeze, Economics Letters
Jalaj Pathak, Scopus 59, ABDC/A
Publications by The Centre Associates covers economics, public policy, labour markets, gender and employment, financial systems, sustainability, and institutional reform. Grounded in empirical research and policy analysis, these articles examine issues such as workforce participation, regional growth disparities, employment dynamics, household behaviour during economic shocks, and long-term structural transitions in the Indian economy. Published across leading national and international platforms, the work contributes to evidence-based public discourse and policy thinking.
Ranjitha Ajay
Economic Times (Government ET)
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare, Trichy Krishnan, Suresh Ramanathan and Udaya N
ET Brand Equity
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
The Print
Vidya Mahambare
Times of India
Ranjitha Ajay (with Arnab Sarkar)
Daily Pioneer
Ranjitha Ajay (with Arnab Sarkar)
VC World
Vidya Mahambare
Bloomberg
Vidya Mahambare
The Print
Vidya Mahambare and Jalaj Pathak
Ideas for India
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
The Print
Vidya Mahambare
Hindustan Times
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
Mobility Outlook
Vidya Mahambare
Times of India
Vidya Mahambare
Great Lakes / Inspiring Change Conference
Vidya Mahambare
The Print
Vidya Mahambare
Industrial Economist
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
Financial Express
Vidya Mahambare
The Hindu Business Line
Vidya Mahambare
The South First
Vidya Mahambare
University of Pennsylvania / CASI
Ranjitha Ajay (with Rintu Anthony)
BusinessWorld / The Hindu Business Line
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
The Print
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
LiveMint
Vidya Mahambare
Marginal Revolution
Vidya Mahambare
The 1991 Project / Mercatus Centre
Vishwanathan Iyer
Moneycontrol
Vishwanathan Iyer
SiliconIndia
Vishwanathan Iyer
The Week
Ranjitha Ajay (with Neethu Mohammed)
BW Sustainability World
Vidya Mahambare
Business Standard
Vidya Mahambare
Business Standard
Vidya Mahambare
India Today
Vidya Mahambare
The National News UAE
Vidya Mahambare
Business Beyond / DW News
Vidya Mahambare
Artha Global
Ranjitha Ajay and Shrivar Todi
The Week
Ranjitha Ajay
Business Standard Hindi
Chandrika Raghavendra
Times Now
Chandrika Raghavendra
Business Standard
Chandrika Raghavendra
India Today
Chandrika Raghavendra
Business Standard
Chandrika Raghavendra
The Week
Chandrika Raghavendra
Deccan Herald
Chandrika Raghavendra
The Week
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
India TV
Vishwanathan Iyer
Deccan Herald
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
Business Standard
Vishwanathan Iyer
India Today
Vishwanathan Iyer
CSR Times
Vishwanathan Iyer
Fortune India
Vishwanathan Iyer
India Today
Vishwanathan Iyer
Outlook Business
What Shapes Us is a podcast about the forces that quietly influence who we become and how far we go. Through personal journeys, we explore why some people find momentum while others struggle to break through. The conversations move between lived experience and larger systems, where effort, access, chance, and context meet. Each episode lets the 5E framework emerge naturally through stories that feel real, reflective, and human.
Upcoming Episode: Sample Name

Sirisha Bhamidipati is a Fulbright Scholar, IIM Ahmedabad alum, and disability-inclusion advocate who works to reframe accessibility as essential infrastructure. In this conversation with Vidya, she shares her journey of rebuilding her life after paralysis and reflects on how systems are designed to include or exclude, by choice or by default.

Mitu Samar Jha is the Founder and CEO of Eminence Strategy Consulting, with leadership experience across CRISIL, Aditya Birla Capital, ICICI Prudential MF, and Great Eastern Shipping. In conversation with Vidya, she traces her journey from Bihar to the corporate boardroom and reflects on how self-determination and hard work compound over time to shape outcomes.

Vasanth Emmanuel Jeyapaul is the CEO of CAMSPay, the payments arm of CAMS, one of India’s largest financial infrastructure providers. In conversation with Vidya, he reflects on his journey from interior Tamil Nadu to shaping India’s digital payments ecosystem, and how unexpected choices and transitions have defined his path through the lens of the 5Es.

From small town India to the venture capital tables of Blume Ventures, Sajith Pai’s journey is shaped as much by geography as ambition. In this episode, he unpacks the thinking behind the Indus Valley Annual Report and what it reveals about India’s startup engine. He speaks about how social and institutional endowments quietly shape who gets ahead. And how the profile of the Indian founder is changing as opportunity spreads beyond the obvious circles.

What if marketing began with people living under scarcity? In this episode, Madhubalan Viswanathan explains why he built the idea of Subsistence Marketplace. He unpacks the real constraints low income entrepreneurs face. And what it takes to turn intent into meaningful opportunity.

At Indian Institute of Management Bangalore, Rishikesh Krishnan has shaped both strategy and innovation. Drawing from From Jugaad to Systematic Innovation and 8 Steps to Innovation: Going from Jugaad to Excellence, he reflects on what truly drives progress. In this episode, he explores which forces shape entrepreneurs and academics. And why institutions must evolve to create real equality of opportunity.
CFER Associates are faculty members at Great Lakes Institute of Management who are actively engaged with the Centre’s work. Their research and teaching span finance, economics, and public policy, with a focus on questions that matter to markets, institutions, and society. As Associates, they contribute to research initiatives, thought leadership, and conversations that connect academic insight with real-world relevance.
















Over the years, the Centre has hosted a series of high-impact finance conferences that bring together policymakers, market practitioners, academics, and industry leaders.
The 16th The Annual Finance Conference will focus on the theme ‘Financial Stability in a Volatile World: Risks, Resilience, and Regulation’, and will be inaugurated by the Deputy Governor of India’s Central Bank, the Reserve Bank of India, Shri T. Rabi Sankar. The conference will feature a panel discussion and the release of two white papers by the centre’s faculty members: one examining the market efficiency in the sale of non-performing assets (NPAs) by banks and the other on equity market microstructure issues.
The book A Sixth of Humanity: Independent India’s Development Odyssey by economist Arvind Subramanian and political scientist Devesh Kapur was launched at Great Lakes Institute of Management, Chennai, as part of The Federal’s Voices That Count series.
In a wide-ranging conversation with the centre’s chairperson Prof Vidya Mahambare and The Federal’s chief editor Mr S Srinivasan, the authors unpacked India’s distinctive development journey. They examined the country’s unusual sequencing of democracy before sustained economic development, the tensions between state capacity and political ambition, and the shifting role of institutions in shaping outcomes.
The discussion moved beyond theory into sharp, contemporary questions about growth, equity, governance, and India’s place in a changing global order.
On 7 March 2025, we hosted a special event in collaboration with the Madras Management Association to mark International Women’s Day, centring the conversation on strengthening women’s leadership and expanding their role in business and decision-making. The evening brought together industry leaders, academicians, and professionals for a focused dialogue on what still holds women back and what institutions and organisations must do differently.
A key highlight of the event was the release of our report, Women @ Work: Powering Progress, Shaping the Future. You can watch the whole event @ https://www.youtube.com/watch?v=5iJBPZhnqZw
The 15th Annual Finance Conclave 2025 brought together market practitioners and academic leaders to explore India’s Secular Growth Story. The conclave features a masterclass on Valuation Beyond Numbers, followed by a panel discussion with leading voices from capital markets, asset management, and venture investing.
Masterclass Speaker - Bhupendra Tiwary – AVP Research, ICICI Securities
The conference theme focused on the integration of environmental, social, and governance considerations into investment decision-making. It covered socially responsible and impact investing, green finance instruments, and climate finance.
Keynote Address by Mr. Lalit Taneja [Head, GARP India (Delhi Chapter)]
Masterclass by Mr. Pralabh Bhargava [Principal Consultant, ERM Delhi]
The conference focused on how individuals, institutions, and economies can build and protect wealth amid volatility, uncertainty, complexity, and ambiguity.
Inaugural address - Gautam Chikermane, Vice President, Observer Research Foundation
Masterclass - Monika Halan, Personal Finance Expert; Author of Let’s Talk Money
The conference examined the challenges policymakers face in managing macroeconomic and financial stability, drawing on central banking experience in India.
Keynote: Duvvuri Subbarao, 22nd Governor, Reserve Bank of India
The conference focused on auction theory and its practical relevance for Indian markets and public policy. It brought together global theoretical insights and Indian policy applications.
Robert B. Wilson, Nobel Laureate in Economics (2020), Stanford Graduate School of Business (Inaugural Address)
Sanjoy Sircar, Professor of Finance, Great Lakes Institute of Management (Moderator)
Across economies, gender gaps in work persist in ways that are structural, not incidental. On 9 and 10 December 2022, we hosted an international conference that brought together leading academicians and practitioners to examine these challenges through data, lived experience, and policy insights.
To know more about the conference, click @ https://www.greatlakes.edu.in/chennai/inspiring-change-indian-women-and-paid-work
For research collaborations, academic engagement, events, or general enquiries related to the Centre for Finance and Economics Research, please reach out to us. We welcome conversations with scholars, practitioners, institutions, and students who are interested in advancing research and dialogue in finance, economics, and public policy.