Sunil Mohanty
Professor
Finance
Location: 201 Whitehead Hall
Phone: 718.951.5012
Fax: 718.951.5358
Email:
Dr. Sunil Mohanty joined Brooklyn College in fall 2014. He is the Chairperson of the Department of Finance. He was awarded the 2018-2020 Tow Profesorship at Brooklyn College. Previously, Dr. Mohanty taught at Hofstra University and the University of St. Thomas (Minnesota). He served as CFA Level I and II Program Instructor at the University of St. Thomas. Dr. Mohanty has been a Fulbright Scholar, Visiting Research Scholar and University Scholar. He published over 40 articles in high quality scholarly journals including the Journal of Business, Journal of International Money and Finance, Journal of Financial Research, Journal of Business Finance and Accounting, Financial Review, Pacific Basin Finance Journal, Journal of International Financial Markets Institutions and Money, Energy Economics, Emerging Markets Review, Finance Research Letters, Global Finance Journal, Journal of Commodity Markets, Federal Reserve Bank of Atlanta Economic Review among others.
Education:
D.B.A. (Doctor of Business Administration), Cleveland State University - 1995 (Finance)
M.B.A., Minnesota State University at Mankato - 1989 (Finance)
B.Tech., Indian Institute of Technology - 1981 (Civil Engineering)
Areas of Expertise:
Oil price shocks and stock market activities; corporate investment and capital structure decisions; emerging capital markets; financial institutions risk and management; systemic risk, financial stability, Dodd-Frank Act, capital adequacy and Basel III.
Books and Publications
Mohanty, Sunil, and Hong-jen Lin (2021), "Efficiency in China's Banking Sector: A Comparative Analysis of Pre- and Post- Basel II Eras", Review of Pacific Basin Financial Markets and Policies forthcoming (Books and Publications: Article (Peer-reviewed)) 2021
Mohanty, Sunil, Roar Aadland, Sjur Westergaard, Stein Frydenberg, Hilde Lillienskiold, Cecile Kristensen (2021), "Modelling Stock Returns and Risk Management in the Shipping Industry", Journal of Risk and Financial Management, 14(4), 171. (Books and Publications: Article (Peer-reviewed)) 2021
Rai, Anoop, Rama Seth, and Sunil Mohanty (2021), "Foreign bank lending in the U.S. during three U.S. recessions", Global Finance Journal, Vol 48, May 2021. (Books and Publications: Article (Peer-reviewed)) 2021
Westergaard, Sjur, Stein Frydenberg, Sunil Mohanty (2021), "Fourteen Large Commodity Trading Disasters: What Happened and What Can We Learn from Them?" Journal of Commodity Markets, (October 2021,1000221) (Books and Publications: Article (Peer-reviewed)) 2021
Baek, Seungho, Sunil Mohanty, and Mina Glambosky (2020), "Covid-19 and Stock Markets Volatility: An Industry Level Analysis", Finance Research Letters, Vol. 37, November 2020, 101748. (Books and Publications: Article (Peer-reviewed)) 2020
Mohanty, Sunil, and Sibanjan Mishra (2020), "Regulatory Reform and Market Efficiency: The Case of Indian Agricultural Commodity Futures Market", Research in International Business and Finance 52, April 2020, 101145. (Books and Publications: Article (Peer-reviewed)) 2020
Baek, S., K.Y. Lee, J. Lee, and S. Mohanty (2018), "Diversification in Korean Banking Business: Is Noninterest Income a Financial Savior?" Journal of Emerging Market Finance 17, 299-326. (Books and Publications: Article (Peer-reviewed)) 2018
Mohanty, Sunil, A. Akhigbe, A. Basheikh, and H. Khan (2018), "The Dodd-Frank Act and Basel III: Market-based Risk Implications for Global Systemically Important Banks (G-SIBs)", Journal of Multinational Financial Management (Elsevier) 47-48, 91-109. (Books and Publications: Article (Peer-reviewed)) 2018
Mohanty, Sunil, Joseph Onochie, and Abdulrahman F. Alshehri (2018), "Asymmetric Effects of Oil Shocks on Stock Market Returns in Saudi Arabia: Evidence from Industry Level Analysis", Review of Quantitative Finance and Accounting, 51(3), 595-619.
(Books and Publications: Article (Peer-reviewed)) 2018
A. Abu-Alkheil, W. Khan, B. Parikh. and S. Mohanty (2017), "Dynamic Cointegration and Portfolio Diversification of Islamic and Conventional Indices: Global Evidence", Quarterly Review of Economics and Finance (Elsevier) 66, 212-224 (Books and Publications: Article (Peer-reviewed)) 2017
Mohanty, Sunil, Hong-jen Lin, E. Alijuhani, and H. Bardesi (2016), "Banking Efficiency in Gulf Cooperation Council (GCC) Countries: A Comparative Study," Review of Financial Economics (Elsevier), 31, 99-107. (Books and Publications: Article (Peer-reviewed)) 2016
Andor, George, Sunil Mohanty, and Thomas Toth, "Capital Budgeting Practices: A Survey of Central and Eastern European Firms" Emerging Markets Review, 23,148-172. (Books and Publications: Article (Peer-reviewed)) 2015
Baxamusa, Mufaddal, Sunil Mohanty, and Ramesh P. Rao. "Information Asymmetry about Investment Risk and Financing Choice", Journal of Business Finance and Accounting, 42, 947-964 (Books and Publications: Article (Peer-reviewed)) 2015
Haq, Mamiza, Robert Faff, Rama Seth and Sunil Mohanty. "Disciplinary Tools and Bank Risk Exposure." Pacific-Basin Finance Journal 26: 37-64. (Books and Publications: Article (Peer-reviewed)) 2014
Mohanty, Sunil, Mohan Nandha, E. Habis and E. Juhabi. "Oil Price Risk Exposure: The Case of the U.S. Travel and Leisure Industry." Energy Economics 41: 117-24. (Books and Publications: Article (Peer-reviewed)) 2014
Mohanty, Sunil, Aigbe Akhigbe, T. Al-Khyal and Turki Bugshan. "Oil and Stock Market Activity When Prices Go Up and Down: The Case of the Oil and Gas Industry." Review of Quantitative Finance and Accounting 41: 253-72. (Books and Publications: Article (Peer-reviewed)) 2013
Mohanty, Sunil, Winston Lin and Hong-jen Lin. "Measuring Cost Efficiency of Banks in Presence of Heteroskedasticity: The Case of the Banking Industry in Taiwan." Journal of international Financial Markets, Institutions and Money 26: 77-90. (Books and Publications: Article (Peer-reviewed)) 2013
Aggarwal, Raj, Aigbe Akhibe and Sunil Mohanty. "Oil Price Shocks and Transportation Firm Asset Prices" Energy Economics 34: 1370-79. (Books and Publications: Article (Peer-reviewed)) 2012
Mohanty, Sunil and Mohan Nandha. "Oil Risk Exposure: The Case of the U.S. Oil and Gas Sector." Financial Review 46.1: 165-91. (Books and Publications: Article (Peer-reviewed)) 2011
Mohanty, Sunil and Mohan Nandha. "Oil Shocks and Equity Returns: An Empirical Analysis of the U.S. Transportation Sector." Review of Pacific Basin Financial Markets and Policies 14.1: 101-28. (Books and Publications: Article (Peer-reviewed)) 2011
Mohanty, Sunil, Mohan Nandha, A. Turkistani and Y. Alaitani. "Oil Price Movements and Stock Market Returns: Evidence From Gulf Cooperation Council (GCC) Countries." Global Finance Journal. (Books and Publications: Article (Peer-reviewed)) 2011
Mohanty, Sunil, Mohan Nandha and Gabor Bota. "Oil Shocks and Stock Returns: The Case of the Central and Eastern European (CEE) Oil and Gas Sector." Emerging Markets Review 11: 358-72. (Books and Publications: Article (Peer-reviewed)) 2010
Yildirim, Semih and Sunil Mohanty. "Geographical Deregulation and Competition in the U.S. Banking Industry." Financial Markets Institutions and Instruments 19.2: 63-94. (Books and Publications: Article (Peer-reviewed)) 2010
Aggarwal, Raj, Brian Lucey and Sunil Mohanty. "The Forward Exchange Rate Bias Puzzle Is Persistent: Evidence From Stochastic and Nonparametric Cointegration Tests." Financial Review 44.4: 625-45. (Books and Publications: Article (Peer-reviewed)) 2009
Lin, Winston, Hong-jen Lin and Sunil Mohanty. "The Cost and Profit Efficiencies and Scope Economies of Commercial Banks: Evidence From Taiwan and China." International Journal of Finance 21.2: 6097-123. (Books and Publications: Article (Peer-reviewed)) 2009
"Basel II: Challenges an Risks." Academy of Banking Studies Journal (formerly, Journal of Commercial Banking and Finance) 7.2: 109-24. (Books and Publications: Article (Peer-reviewed)) 2008
Aggarwal, Raj, Winston Lin and Sunil Mohanty. "Are Forward Exchange Rates Rational Forecasts of Future Spot Rates? An Improved Econometric Analysis for the Major Currencies." Multinational Finance Journal 12.1: 1-20. (Books and Publications: Article (Peer-reviewed)) 2008
Mohanty, Sunil and Doocheol Moon. "Disentangling the Signaling and Liquidity Effects of Stock Splits?" Applied Financial Economics 17.12: 979-87. (Books and Publications: Article (Peer-reviewed)) 2007
Rai, Anoop, Rama Seth and Sunil Mohanty. "The Impact of Discount Rate Changes on Market Interest Rates: Evidence From Three European Countries and Japan." Journal of International Money and Finance 26: 905-23. (Books and Publications: Article (Peer-reviewed)) 2007
"Comparing Credit Unions With Commercial Banks: Implications for Public Policy." Journal of Commercial Banking and Finance 5.3: 97-113. (Books and Publications: Article (Peer-reviewed)) 2006
Mohanty, Sunil and Edward Aw. "Rationality of Analysts' Earnings Forecasts: Evidence From Dow 30 Companies." Applied Financial Economics 16.12: 915-26. (Books and Publications: Article (Peer-reviewed)) 2006
"Are Preliminary Estimates of GDP and Corporate Profits Rational?" Academy of Accounting and Financial Studies Journal 6.3: 105-16. (Books and Publications: Article (Peer-reviewed)) 2002
Mohanty, Sunil and Frank Song. "International Capital Standards, Bank Portfolios and Bank Stock Risk." Applied Financial Economics 12: 527-34. (Books and Publications: Article (Peer-reviewed)) 2002
"Noncredit Risks Subsidization in the International Capital Standards." Applied Financial Economics 11.1: 9-16. (Books and Publications: Article (Peer-reviewed)) 2001
Seth, Rama, Asani Sarkar and Sunil Mohanty. "Loan Flows, Contagion Effects and Asian Crisis." Journal of Emerging Markets 6.3: 42-54. (Books and Publications: Article (Peer-reviewed)) 2001
Aggarwal, Raj and Sunil Mohanty. "Rationality of Japanese Macro-economic Survey Forecasts: Empirical Evidence and Comparisons With the U.S." Japan and the World Economy 12.1: 21-31. (Books and Publications: Article (Peer-reviewed)) 2000
Seth, Rama, Daniel Nolle and Sunil Mohanty. "Do Banks Follow Their Customers Abroad?" Financial Markets, Institutions & Instruments 7.4: 1-25. (Books and Publications: Article (Peer-reviewed)) 1998
Mohanty, Sunil and Frank Song. "Did the Capital Crunch Cause the 1990/1991 Bank Credit Slowdown in New England?" Financial Practice and Education 6.1: 1-13. (Books and Publications: Article (Peer-reviewed)) 1996
Yougo, Liang, Sunil Mohanty and Frank Song. "The Effect of the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 on Bank Stocks." Journal of Financial Research 19.2: 229-42. (Books and Publications: Article (Peer-reviewed)) 1996
Aggarwal, Raj, Sunil Mohanty and Frank Song. "Are Survey Forecasts of Macroeconomic Variables Rational?" Journal of Business 68.1: 99-119. (Books and Publications: Article (Peer-reviewed)) 1995
Wall, Larry, Alan Reichert and Sunil Mohanty. "Deregulation and the Opportunities for Commercial Bank Diversification." Federal Reserve Bank of Atlanta Economic Review 78.5: 1-25. Reprinted in Readings on Financial Institutions and Markets (1995-96). Ed. Peter S. Rose. 97-121. (Books and Publications: Article (Peer-reviewed)) 1993
Reichert, Alan, Mike Small, and Sunil Mohanty. "The Impact of Landfills on Residential Property Values." Journal of Real Estate Research 7.3: 97-314. (Books and Publications: Article (Peer-reviewed)) 1992
Awards, Honors and Fellowships
Selected as a Fulbright U.S. Scholar alternate (2020-2021) cohort (Norway)
(Awards and Honors) 2021
Received the Koppelman School of Business Dean's special Faculty Research Impact Award in the 2019-20 AY (May 2020)
(Awards and Honors) 2020
Received best paper award, "The Dodd-Frank Act and Basel III: Risk Implications for Globally Systemically Important Banks (G-SIBs)" presented at the Society of Interdisciplinary Business Research (SIBR) Conference, Tokyo, Japan (January 2019).
(Awards and Honors) 2019
Received the best paper award for the paper, "The Dodd-Frank Act and Basel III: Risk Implications for Globally Systemically Important Banks (G-SIBs) presented at the 48th Annual Meeting of the Western Decision Sciences Institute (WDSI), Los Angeles, California (March 2019).
(Awards and Honors) 2019
Received the Koppelman School of Business Faculty Research Excellence Award in the 2018-19 academic year (April 2019)
(Awards and Honors) 2019
Awarded Leonard and Claire Tow Professorship, 2018-2020 (Awards and Honors) 2018
Who's Who Life-time Achievement Award in America (June 2017), (Awards and Honors) 2017
University Scholar. Awarded University Scholars Grant in recognition of faculty research accomplishments at the University of St. Thomas, Minnesota, fall 2008 - spring 2011. (Grants and Fellowships) 2008
Visiting Research Scholar. Awarded a competitive research grant to visit the Department of Finance at Budapest University of Technology, spring. (Grants and Fellowships) 2008
Fulbright Scholar. Awarded Fulbright Senior Specialists Grant to visit Xavier Institute of Management, India, July-August. (Grants and Fellowships) 2007
Conferences, Seminars and Symposiums
"International Trades, Capital Regulations, and Efficiency: The Case of the Chinese Banking Sector during the Pre-Trade War Era" (with Hong-jen Lin). Presented at the annual World Finance Conference,Turin, Italy, August 1-3, 2022. (Conferences, Seminars and Symposiums: Conference Presentation) 2022
"Oil Price Shocks and Stock Market Activities: Evidence from Asia-Pacific Countries" (with Sibanjan Mishra) presented at the 8th International Symposium on Environmental and Energy Finance Issues", Paris, France, May 23-24, 2022. (Conferences, Seminars and Symposiums: Conference Presentation) 2022
Estimating Risk Factor Sensitivities in U.S. Oil and Gas Stock Returns: A Quantile
Regression Approach" (with S. Frydenberg, P. Osmundsen, S. Westergaard and
Christian Skjold) presented at Global Conference on Business and Finance, Honolulu,
Hawaii, January 6-8, 2020. Received Best Paper in Session Award.
(Conferences, Seminars and Symposiums: Conference Presentation) 2020
"Is Foreign Bank Lending in the U.S. Countercyclical? Evidence from three U.S. Recessions (with A. Rai and Rama Seth) presented at Monetary Economics Workshop (January 27, 2018), Ritsumeikan University, Osaka, Japan. (Conferences, Seminars and Symposiums: Invited Talk) 2018
"Modelling Shipping Stock Returns:A Quantile Regression Approach" (with R. Adland and S. Westgaard), presented at 2017 Commodity Markets Winter Conference,
Lillehammer, Norway (March, 2017).
(Conferences, Seminars and Symposiums: Conference Presentation) 2017
"WTO, Basel Accords, and Efficiency in China's Banking Sector" (with Hong-jen Lin and Winston Lin) presented at the 24th Annual Global Finance Conference in Hempstead, Hofstra University, New York (May, 2017).
(Conferences, Seminars and Symposiums: Conference Presentation) 2017
Invited Session Chair at the 2017 FMA Applied Finance Conference (Conferences, Seminars and Symposiums: Contributed Talk) 2017
"Asymmetric Effects of Oil Shocks on Stock Market Returns in Saudi Arabia: Evidence
from Industry Level Analysis," (with Joseph Onochie and Abdulrahman F. Alshehri),
presented at the Commodity Markets Conference, Hannover,Germany
(June 2016)
(Conferences, Seminars and Symposiums: Conference Presentation) 2016
"Effects of Dodd-Frank Act on Bank Risk: The Case of Global Systemically Important Banks, G-SIBs"? (with Aigbe Akhigbe, A. Basheikh, & K. Khan),
presented at the World Finance Conference, NY (July 2016).
(Conferences, Seminars and Symposiums: Conference Presentation) 2016
"Dodd-Frank Act and Risk-taking Incentives: An Empirical Investigation of Global Systemically Important Banks" (with A. Akhigbe, A. Basheikh, and H. Khan), presented at 2016 World Banking and Finance Symposium, Dubai, UAE (December, 2016)
(Conferences, Seminars and Symposiums: Conference Presentation) 2016
"Capital Budgeting Practices: A Survey of Central and Eastern European Firms" presented at a Faculty Research Seminar held in December 22, 2015 at the Xavier Institute of Management, India. (Conferences, Seminars and Symposiums: Invited Talk) 2015
"Is Foreign Bank Lending in the U.S. Countercyclical? Evidence from Three U.S. Recessions" presented at the 2015 India Finance Annual Conference held at the Indian Institute of Management, Calcutta. (Conferences, Seminars and Symposiums: Conference Presentation) 2015
?Examining the Oil Price Sensitivity of the U.S. Travel and Leisure Industry? (with
Mohan Nandha, E. Habis, and E. Juhabi) presented at the World Finance
Conference, Venice, Italy (July 2014).
(Conferences, Seminars and Symposiums: Conference Presentation) 2014
"Financial Management Culture 20 Years after Communism: A Survey of Central
and Eastern European Firms"(with G. Andor and T. Thomas) presented at the
Multinational Finance Society Meetings, Prague, Czech Republic (June 2014).
(Conferences, Seminars and Symposiums: Conference Presentation) 2014
WTO, BASEL II and Efficiency in Chinese Banking Sector? (with Hong-jen Lin and
Winston Lin), presented at the Paris Financial Management Conference,
Paris, France (December 2014)
(Conferences, Seminars and Symposiums: Conference Presentation) 2014
Professional Leadership
Associate Editor, Journal of Commodity Markets (Elsevier), January 2015- Present (Professional Leadership: Organizational Leadership Position) 2015
Associate Editor, Journal of International Financial Markets Institutions and Money, February 2015- Present (Professional Leadership: Organizational Leadership Position) 2015
Track chair, Financial Markets and Institutions Area, Eastern Finance Association Annual Meeting, New Orleans, April, 2015. (Professional Leadership: Organizational Leadership Position) 2015
Track chair, Financial Institutions and Markets Area, Eastern Finance Association Annual Meeting, Boston, April. (Professional Leadership: Organizational Leadership Position) 2012
Associate editor, Managerial Finance, spring 2008- present.
(Professional Leadership: Organizational Leadership Position) 2008
