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Faculty Directory

Dr. Surya Dev

Dean (CAD)
Professor (Finance)-Regular
D.O.J.-9th August 2000

Courses Offered
  • Security Analysis
  • Portfolio Management
  • Financial Derivatives
  • Financial Markets
  • Mutual Funds

Education
  • Ph.D in the area of Commerce. The topic is "The problems and prospects of mutual Funds in India" under the guidance of Professor Samson Moharana in Utkal University.
  • Completed Master in Finance and Control in the year 1999 from Utkal University
  • Completed graduation from BJB College under Utkal University in the year 1997.
  • Completed +2 Sc. in the year 1994 from BJB College.
  • Completed class 10 in the year 1992 from BJEM School under CBSE board.

Selected Publications
  • Dev, Surya and Mohaptra, P (2019) "The Impact of Demonetization on Indian Stock Market: A Sectoral Analysis of Bombay Stock Exchange", in The IUP Journal of Applied Economics, October, Vol XVIII, No 4. ISSN:0972-6861
  • Dev, Surya (2017) "External Commercial Borrowing in India and its sensitivity to macroeconomic factors in India: An Empirical Analysis", in The IUP Journal of Applied Finance, ISSN No: 09725105, July Issue
  • Dev, Surya (2015) "Ortel IPO – A Case Study" in Pratibimba, July-Dec Issue, ISSN No 09725466.
  • Dev, Surya (2014) "Performance of Passively Managed Equity Mutual Funds in India: A Case Study of Index Funds", in the e-book Perspectives on Financial Markets and Systems, ISBN No: 978-81-923049-2-2, Nirma Institute of Management, pp 106-125
  • Dev, Surya (2013) "Boomerang – The Biggest Bust" , Pratibimba Volume , Issue , ISSN No 09725466, July – Dec 2013, (book review)
  • Dev, Surya et.al (2010) "Astha Book Agency", Cases in Management (in Case Method in Management Education course), IIMA
  • Dev, Surya and Moharana, Samson (2008) "Fund of Funds: An evaluation of its performance, " The Research network, Vol 3, Issue 2, Sept 2008, pp 5-13.
  • Dev, Surya and Moharana, Samson (2008) "A study on the Foreign Direct Investment in India", Pratibimba Vol 8, Issue I, January – June 2008, pp 29-40.
  • Dev, Surya (2006) "Dertivatives: Valuation and Risk Management", Pratibimba Volume 6, Issue 1, Jan – June 2006 (book review).
  • Nayak, B.K., Dev Surya (2005) "Low bargaining power of labour attracts FDI in India", The ICFAI Journal of Financial Economics, Vol III, No. 5 June 2005, pp 52-55
  • Dev, Surya (2006) "A study on the export pattern of the agricultural products in India from the period 1987 – 2004" , Entrepreneurship and Agri-Business Enterprise, pp 121 -128, (a DRS publication of P.G. department of Commerce, Utkal University, sponsored by UGC)
  • Dev, Surya, K.K.Ray ( 2003) "Studying Entrepreneurial Seriousness amid small business at Bhubaneswar”, Entrepreneurship Development: Policies and Strategies, pp-122-130 (published as a chapter in the book, a DRS publication of PG Department of Commerce, Utkal University, sponsored by UGC)

    • Working Papers

  • Impact of the monthly, day of the week and trading month effect on Bombay Stock exchange indices returns for the period 2000-2014.
  • A study on the causal relationship between Institutional Investors and the Indian Stock Market.
  • Testing CAPM on the National Stock Exchange Using two pass cross –Sectional Regression Methodology (Submitted to AIMS Journal for publication on March 23. It is under review)

Paper Presentations
  • Presented a paper titled “A study on ESG Investing by Mutual Funds in India” in UGC sponsored National Conference on Emerging Issues and Innovative Practices in Commerce and Management organized by Department of Commerce and Management Studies Kendrapada Autonomous College in collaboration with Sri Sri University, Cuttack on 4th and 5th Feb 2023.
  • Presented a paper titled “Testing CAPM on the National Stock Exchange Using two pass cross –Sectional Regression Methodology” in the International Conference on Finance (VESIFCO2022) organized by VES Institute of Management Studies & Research and VES Business School from 29th to 30th April’2022 and awarded with Second Best Research Paper awarded for the above paper.
  • Presented a paper titled “A study on Entrepreneurial behaviour among small businesses in Khurda” in International Conference on Innovation & Entrepreneurship for Sustainable Development” organized by MBA (FM), P.G. Department of Commerce Utkal University in collaboration with University of Turuku Finland, ICSSR, South Eastern Finland University of Applied Sciences on 8th and 9th March 2018.
  • Presented a paper titled “Socially Responsible Investment: A case of Indian Mutual Funds” in the International Conference on “Sustainability: Innovations, Emerging Trends and Practices” held on 12-13th January 2017 organised by IMIS Bhubaneswar in joint collaboration with ICAI and CTTC, MSME Govt of India.
  • Presented a paper titled “Impact of the monthly, day of the week and trading month effect on Bombay Stock exchange indices returns for the period 2000-2014” in 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence held at IIM Ahmedabad on 11-12 April 2015.
  • Presented a paper “ Performance of Passively Managed Equity Mutual Funds in India: A Case Study of Index Funds” in 17th NIRMA International conference on Management on the Theme “ New Perspectives of Finance and Changing Economic Scenario” held on Jan 9-11, 2014.
  • Presented a paper titled “Risk and Return Trade Off: A Case of Fund of Funds” in the international conference organized by Rajasthan Chamber of Commerce and Research Development Association, Rajasthan in January 2008.
  • Presented a paper titled “Entrepreneurship in India: A performance evaluation of SMEs for the period 1973-2005” in the National Conference organized by Orissa Commerce Association and P.G. Department of Commerce held on Feb 24-25 2007.
  • Jointly Presented a paper titled “Export Led Growth in the twenty First Century: A case of India in the post liberalization era” in the National Conference organized by ICFAI Business School, Bangalore dated Nov 24-25 2006.
  • Presented a paper titled "IT entrepreneurship Development in Orissa – A case study on The Freelancers" in the national seminar on the theme "Entrepreneurship and Infrastructure Development" ( sponsored by UGC) on March 12th – 13th 2006, Organised by Department of Commerce, Utkal University.
  • Presented a paper titled " Sustainable Development a panacea for Orissa Economy – A case study of a NGO at Nariso" in the national seminar on the theme "Rural Industrialization and Sustainable Development" jointly organized by Department of Business Administration and KVIC on Feb. 19th, 2006.
  • Presented a paper title " Fund of Funds – The scheme of the future" in the National Conference on the theme" Impact of Economic reforms and Globalisation on Regional development" conducted by Department of Analytical and Applied Economics, Utkal University on 15th and 16th April, 2005.
  • Presented a paper titled "A study on the export pattern of the agricultural products in India from the period 1987-2004" in the National Seminar on "promotion and Management of Agri-business Enterprises" (sponsored by UGC) on march 20th 2005, organized by Department of Commerce, Utkal University in collaboration with Agricultural Promotion and Investment Corporation of Orissa Ltd.
  • Presented a paper titled "Achieving Success in Merger and Acquisitions" in the 27th All India Accounting Conference and International Seminar organized by Utkal University held on Dec 18-19, 2004.
  • Presented a paper titled “Studying Entrepreneurial Seriousness amid small business at Bhubaneswar”, Entrepreneurship Development: Policies and Strategies, organized by PG Department of Commerce, Utkal University, sponsored by UGC on 29th and 30th March 2003

Current Research Work
  • Calendar Effects in Indian Stock Markets.

Workshops & FDPs Attended
  • Completed online Faculty Development Programme on 'Quality Assurance Through Outcome Based Education (OBE)
  • Participated one week online International Workshop on Technical Analysis with Live Data from 26th-30th June’2023 organized by Faculty of Management & Commerce "The ICFAI UNIVERSITY TRIPURA".
  • Participated in the online National Level 5 days FDP on "Innovative Pedagogy: Statistical Analysis with Excel" during the period of 15th May’2023 to 19th May 2023 organized by TMIMT, Teerthanker Mahaveer University, Moradabad.
  • Participated in the one-week International FDP on "Business Analytics live Dashboard" organized by School of Business Management, NIU Greater Noida, India & FMS Pokhra University, Nepal held from 28th Feb.-4th march’2023.
  • Participated in the One-week International FDP on "Corporate Finance, Research and Teaching Pedagogy" from February 22nd to 26th ‘2023 organized by Prestige Institute of Management & Research, Indore.
  • Participated in the AICTE Training and Learning (ATAL) Academy online FDP on "Entrepreneurial Finance" from 21st Feb 2022 to 25th Feb 2022 at Indian Institute of Management, Nagpur.
  • Participated in the AICTE Training and Learning (ATAL) Academy online Elementary FDP on "Data Analysis using SPSS" from 3rd January, 2022 to 7th Jan 2022 at C.M.P. Degree College.
  • Participated in the AICTE Training and Learning (ATAL) Academy online Elementary FDP on "Econometric Techniques for Social Science" from 27th Dec.2021 to 31st Dec 2021 Dept. of Economic Studies, Central University of Punjab, Bathinda.
  • Participated in the FDP titled "Recent Trends in Educational Technology" on 24th to 28th Sept.’2021 organized by Internal Quality Assurance Cell (IQAC) College of Basic science and Humanities, OUAT, BBSR-3
  • Completed FDP in Management from IIM Ahmddabad 2010.
  • Participated in Third Quantitative Finance Workshop (QFW-11) Dec14-17, 2011 jointly conducted by IGIDR, IIT Kanpur, Lally School of Management and technology USA and IDRBT.
  • Participated in a FDP on Econometrics at IIM Khozikode in Dec 2010.
  • Attended a Workshop organized on the topic Stock Market – Nuts and Bolts at the IIT Kharagpur Bhubaneswar Centre..
  • Attended a workshop on Case Methodology conducted by MDI Gurgaon in 2002.

Invited Lectures
  • Resource person to a TV discussion in Doordarshan Odia on “Less Cash Economy” dated Sept 10, 2018.
  • Delivered a Lecture on Case Methods: A tool of teaching in the AICTE approved FDP on Marketing at IMIS. 2011
  • Delivered a lecture on Mutual Funds in AICTE approved FDP in Finance at Shrusti Institute of Management.
  • Delivered a lecture to the employees of Postal Department on the topic “ Mutual Funds – A tool for Investment Planning” in Aug 2008.
  • Delivered a lecture on the Topic “Portfolio Management” to the Cost Accountants at the Chapter Auditorium organized by Cuttack-Bhubaneswar Chapter of the Institute of Cost and Works Accountants of India on 9th February, 2007.
  • Delivered a lecture to students of MFC at VISWASS on the topic “Securities Market – An overview”, Aug 2006.
  • Delivered a lecture to students of M. Tech in Utkal University on the Topic "Financial Derivatives" June 2003. Delivered a lecture to students of MFC at VISWASS on the topic "Securities Market – An overview", Aug 2006

Lectures Delivered
  • Resource person in a Seminar on "Silicon Valley Bank Collapse" organized by IMIS in 2022
  • Moderator for Budget Analysis-2022 organized by IMIS.
  • Invited as a resource person to a TV discussion in Doordarshan Odia on "Less Cash Economy" dated Sept 10, 2018.
  • Delivered a Lecture on Case Methods: A tool of teaching in the AICTE approved FDP on Marketing at IMIS. 2011
  • Delivered a lecture on Mutual Funds in AICTE approved FDP in Finance at Shrusti Institute of Management.
  • Delivered a lecture to the employees of Postal Department on the topic "Mutual Funds-A tool for Investment Planning" in Aug 2008
  • Delivered a lecture on the Topic "Portfolio Management" to the Cost Accountants at the Chapter Auditorium organized by Cuttack-Bhubaneswar Chapter of the Institute of Cost and Works Accountants of India on 9th February, 2007.
  • Delivered a lecture to students of MFC at VISWASS on the topic "Securities Market-An overview", Aug 2006.
  • Delivered a lecture to students of M. Tech in Utkal University on the Topic "Financial Derivatives", June 2003.

Rewards and Achievements
  • Awarded the Second-Best paper for presentation of a paper titled "Testing CAPM on the National Stock Exchange Using two pass cross –Sectional Regression Methodology" in the International Conference on Finance (VESIFCO2022) organized by VES Institute of Management Studies & Research and VES Business School from 29th to 30th April’2022.
  • Received IMIS Family Ratna Award from his Excellency the Governor of Orissa the in the convocation held in 2011.
  • Coordinator of the Xth National Workshop “Managing Change” conducted by IMIS in 2003.