Dr. Kapil Gupta

Dr. Kapil Gupta

Assistant Professor

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Educational Qualification

  • Ph.D. (Finance), Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar. (2009).
  • PGDFM (Finance), Indira Gandhi National Open University, Maidan Garhi, New Delhi (2005)
  • PGDIM, Indira Gandhi National Open University, Maidan Garhi, New Delhi. (2004)
  • UGC National Eligibility Test for Lectureship (NET) and Junior Research Fellowship (JRF), Conducted by University Grants Commission, New Delhi. (2005)
  • Diploma in Management (DIM), Indira Gandhi National Open University, Maidan Garhi, New Delhi. (2003)
  • B. Ed., Divya College of Education, Jammu University, Jammu. (2003)
  • J & K State Level Eligibility Test (SLET), conducted by University of Jammu on behalf of the J&K Government. (2002)
  • M. Com., Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar. (2002)
  • B. Com., Hindu College Amritsar, Guru Nanak Dev University, Amritsar. (2000)

Teaching Experience

  • Assistant Professor (Management) I. K. Gujral Punjab Technical University, Jalandhar-Kapurthala Highway, Jalandhar (Since Nov. 2011)
  • Associate Professor Global Institute of Management and Emerging Technologies, Sohian Khurd ((July 2011 )
  • Assistant Professor (Sr.) IBS Gurgaon, IDPL Complex, Old Delhi-Gurgaon Road, Opp. Amdocs, Gurgaon-122016. (May 2008 )
  • Senior Research Fellow Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar (May 2007 )
  • Junior Research Fellow Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar (May 2005 )
  • Lecturer Post Graduate Department of Commerce and Business Management, Hindu College, Amritsar (June 2004 )
  • Lecturer Post Graduate Department of Commerce and Business Management, Hindu College, Amritsar (June 2003 )

Area of Interest (Teaching)

  • Investment Management, Risk Management, Corporate Finance and Accounting for Managers.

Area of Interest (Research)

  • Financial Risk Management, Market Efficiency, Market Microstructure and Quality of Top Management Team

Awards & Honors

  • Outstanding Paper Award for the paper titled
  • Best Paper Award for the paper titled "Estimating Hedging Effectiveness in Indian  Equity Futures Market Using Variance Reduction and Risk - Return Approaches" at  CRISIL Doctoral Symposium held at IIM Ahmedabad, India on December 20, 2016.
  • Acted as a discussant for the research paper titled
  • Acted as a discussant for the research paper titled
  • Acted as a discussant for the research paper titled
  • Acted as a discussant for the research paper titled
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  • Organized an International Conference on Marketing in Emerging Markets (Conference Manager) jointly with The Kenan-Flagler Business School, The University of North Carolina at Amritsar, India (www.pitkevents.com). 60 research papers were presented by participants from over 10 countries.
  • Certificate for Appreciation presented by IBS Gurgaon in recognition of supervision of Award Winning Project entitled
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  • PhD Thesis titled
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Research Publications

Title of Paper Name of Author/s Journal Year ISSN Link
Firm’s Sustainability and Performance: Critical Insights from Bibliometric Review and Content Analys Kaur, Sarandeep and Gupta, Kapil Journal of Commerce and Accounting Research 2025 2277-2146 Ref Link
A Bibliometric Analysis on Financialization: Current Status and Future Directions Kumar, Adish and Gupta, Kapil Journal of Commerce and Accounting Research 2023 2277-2146 Ref Link
Optimal Hedge Ratio and Hedge Effectiveness of Equity and Currency Futures Contracts: Evidence from NSE Kaur, Mandeep and Gupta, Kapil Journal of Commerce and Accounting Research 2023 2277-2146 Ref Link
Examining the Relationship between Management Quality Certifications and Long-run Performance of Initial Public Offerings: A Study of Banking, Financial Services and Insurance (BFSI) Sector in India⬝ Singh, Balpreet and Gupta, Kapil International Journal of Business and Globalisation 2023 2277-6850 Ref Link
Sentimental Herding in Stock Market: Evidence from India Naina and Gupta, Kapil Vision: The Journal of Business Perspectives 2022 0972-2629 Ref Link
Testing the Hedging Effectiveness of Indian Equity and Currency Futures Contracts⬝ Kaur, Mandeep and Gupta Journal of Commerce and Accounting Research 2020 2277-2146 Ref Link
Impact of Merger Announcements on Stock Returns of Acquiring Firms: Evidence from India⬝ Mall, Pinky and Gupta, Kapil Journal of Commerce and Accounting Research, 2019 2277-2146 Ref Link
Impact of Merger and Acquisition Announcements on Stock Returns and Intraday Volatility: Evidence from Indian Banking Sector⬝ Mall, Pinky and Gupta, Kapil Journal of Entrepreneurship and Management 2019 2277-6850 Ref Link
Relationship between Directors Singh, Balpreet and Gupta, Kapil Journal of Commerce and Accounting Research, 2018 2277-2146 Ref Link
Relationship between Management Quality Certification and IPO Underpricing: Evidence from India" Singh, Balpreet and Gupta, Kapil Journal of Entrepreneurship and Management 2018 2277-6850 Ref Link
Testing the Long Memory Feature in India Equity Market⬝ Bala, Anju and Gupta, Kapil Optimization: Journal of Research in Management, 2018 0974-0988 Ref Link
Estimation of Hedging Effectiveness Using Variance Reduction and Risk-return Approaches: Evidence from National Stock Exchange of India⬝ Kaur, Mandeep and Gupta, Kapil International Journal of Business Analytics and Intelligence 2018 2321-1857 Ref Link
Testing the Hedging Effectiveness of Index and Individual Stock Futures Contracts: Evidence from India⬝ Kaur, Mandeep and Gupta, Kapil International Journal of Banking, Risk and Insurance, 2018 2321-1857 Ref Link
Pricing Efficiency of Equity Index Option Contracts: Evidence from National Stock Exchange of India Shankar, Uma and Gupta, Kapil Journal of Commerce and Accounting Research 2016 2277-2146 Ref Link

Conferences

S.No Authors Title of Paper Name of Conference
1 Kaur, Daljeet and Gupta, Kapil Green finance and Firm Performance: A Bibliometric Analysis ICSSR Sponsored One Day Seminar on ‘Green and Sustainable Entrepreneurship in Commerce’
2 Kumar, Adish and Gupta, Kapil Self-Reliance of Indian Capital Markets: A Transitory Phase or Sustainable Phenomenon? Mapping the Social and Environmental Concerns for Sustainable Economic Development
3 Naina and Gupta, Kapil Examining the Relationship between Investor Sentiment and Stock Return in India Mapping the Social and Environmental Concerns for Sustainable Economic Development
4 Kaur, Daljeet and Gupta, Kapil Examining the Impact of Covid-19, Ukraine-Russia War and Interest Rate Fluctuations on Indian Equity Market Mapping the Social and Environmental Concerns for Sustainable Economic Development
5 Kaur, Sarandeep and Gupta, Kapil A Bibliometric Analysis of Firm’s Sustainability and Performance National Conference on Sustainable Business Practices in the New Normal
6 Kumar, Adish and Gupta, Kapil Financialization and Dynamics of Currency Market in India International Conference on Changing Business Paradigm (ICCBP – 2022)
7 Kaur, Sarandeep and Gupta, Kapil Corporate Sustainability: A Conceptual Framework and Road Ahead 16th GJ-IntConMITE 2022
8 Kaur, Mandeep and Gupta, Kapil Examining the Hedging Effectiveness of Equity and Currency Futures Contracts: Evidence from India ICSSR Sponsored National Conference on Atmanirbhar Bharat: Building a Self-Reliant India (Prospects and Challenges Ahead) (BSRI-2022)
9 Kumar, Adish and Gupta, Kapil Financialization of Commodity Market in India ISDSI – Global Conference 2021
10 Naina and Gupta, Kapil Examining the Herd Behavior in the Indian Equity Market ISDSI – Global Conference 2021
11 Kaur, Mandeep and Gupta, Kapil Estimating the Hedging Effectiveness of Equity and Currency Equity Futures Contracts: Evidence from National Stock Exchange of India World Finance and Banking Symposium
12 Singh, Balpreet and Gupta, Kapil Examining the Relationship between Management Quality Certifications and Long-run Performance of IPOs: A Study of BFSI Sector in India International Conference on Banking and Finance
13 Bala, Anju; Gupta, Kapil and Mall, Pinky Examining the Persistence Behaviour in Liquidity and Stock Returns: Evidence from Mid, Small and Large Cap Stocks Recent Trends and Development in Management and Information Technology
14 Singh, Balpreet and Gupta, Kapil Relationship Between Management Quality Certifications and Long-run Performance of Initial Public Offerings: Evidence from India FinTech and Banking
15 Kaur, Mandeep and Gupta, Kapil Examining the Hedging Effectiveness of Equity and Currency Futures Contracts: Evidence from National Stock Exchange of India Chitkara University Doctoral Consortium (CUDC
16 Mall, Pinky and Gupta, Kapil Merger and Acquisition Announcements and Stock Behaviour: Evidence from Indian Banking Sector Mergers and Acquisitions
17 Mall, Pinky and Gupta, Kapil Impact of Mergers on Stock Returns of Acquiring Firms: Evidence from India National Seminar on Globalization of Markets: Emerging Issues and Challenges
18 Gupta, Kapil and Kaur, Mandeep Estimation of Hedging Effectiveness using Variance Reduction and Risk-Return Approaches: Evidence from National Stock Exchange of India 70th All India Commerce Conference- 2017
19 Gupta, Kapil and Bala, Anju Estimating the Long Memory in Indian Equity Market 70th All India Commerce Conference
20 Gupta, Kapil and Kaur, Mandeep Estimating Hedging Effectiveness in Indian Equity Futures Market Using Variance Reduction and Risk-Return Approaches CRISIL Doctoral Symposium 2016
21 Gupta, Kapil and Singh, Balpreet Relationship between Board Structure and IPO Underpricing: Evidence from India 2015 IMRA-IIMB International Conference
22 Gupta, Kapil and Kaur, Mandeep Examining the Relationship between Hedge Effectiveness, Price Trend and Time-to-Maturity of Equity Futures Contracts: Evidence from National Stock Exchange of India 6th World Finance Conference
23 Kaur, Mandeep and Gupta, Kapil Examining the Hedge Effectiveness for Futures Contracts over Pre and Post Financial Crisis Period: Evidence from National Stock Exchange of India Ninth National Conference on Indian Capital Market: Emerging Issues
24 Shanker, Uma and Gupta, Kapil Examining the Validity of Black-Scholes Model for Pricing Equity Index Option Contracts: Evidence from National Stock Exchange of India 24th Business & Economic Society International (B&ESI) Conference
25 Gupta, Kapil and Singh, Balwinder Return-Volume-Volatility Dynamics in Equity Market: Evidence from National Stock Exchange of India 24th Business & Economic Society International (B&ESI) Conference
26 Mishra, S. K., Shanker, Uma and Gupta, Kapil Pricing Efficiency of Equity Index Option Contracts: Evidence from National Stock Exchange of India 5th World Finance Conference
27 Kaur, Mandeep and Gupta, Kapil Relationship between Hedging Effectiveness and Time-to-Maturity of Equity Futures Contracts: Evidence from National Stock Exchange of India XII Capital Market Conference
28 Sandhu, G., Singh, B. and Gupta, Kapil Examining the Relationship between Trading Volume and Stock Return: Evidence from Indian Stock Market Eighth National Conference on Indian Capital Market: Emerging Issues
29 Mishra, S. K., Shanker, Uma and Gupta, Kapil Pricing Efficiency of Equity Index Options contracts: Evidence from National Stock Exchange of India XII Capital Market Conference
30 Gupta, Kapil and Singh, Balwinder Information Spillover and Pricing Efficiency in Indian Equity Futures and Cash Markets Emerging Scenario of Capital Market in India
31 Gupta, Kapil and Singh, Balwinder Price Discovery and Arbitrage Efficiency in the Indian Equity Futures and Cash Markets India 2020: Challenges and Opportunities for Management Education
32 Gupta, Kapil and Singh, Balwinder Return, Volume and Volatility Relationship in Indian Stock Market: Pre and Post Rolling Settlement Analysis Indian Capital Market: Emerging Issues
33 Gupta, Kapil Testing the Efficiency of Indian Equity Futures Market Doctoral Thesis Confluence
34 Gupta, Kapil and Singh, Balwinder Information Flows and Temporal Variations in Basis Risk: An Evidence from National Stock Exchange of India Indian Capital Market: Emerging Issues
35 Gupta, Kapil and Singh, Balwinder Does Time Varying Hedge Ratio Outperforms the Constant Hedge Ratio Indian Capital Market: Emerging Issues
36 Gupta, Kapil and Singh, Balwinder Corporate Governance in India: Progress, Problems and Prospects Emerging Issues in Corporate Sector in India: Its Relevance to Rural Sector
37 Gupta, Kapil and Singh, Balwinder Testing the Information Dissemination Efficiency of Indian Equity Futures Market 59th All India Commerce Conference
38 Gupta, Kapil and Singh, Balwinder An Examination of Price Discovery and Hedging Efficiency of Indian Equity Futures Market Tenth Capital Market Conference
39 Gupta, Kapil and Singh, Balwinder Impact of Equity Futures and Options Trading on Indian Cash Market Volatility Second Generation Economic Reforms in India: Prospects and Challenges
40 Gupta, Kapil and Singh, Balwinder Investigating The Efficiency of Indian Equity Futures Market Eighth Annual Conference on Money and Finance in the Indian Economy
41 Gupta, Kapil and Singh, Balwinder Random Walk and Indian Equity Futures Market Ninth Capital Market Conference
42 Gupta, Kapil and Singh, Balwinder Indian Equity Futures Market: Trend or Random Walk Adapting Indian Financial Sector to a Globalising World
43 Gupta, Kapil and Singh, Balwinder Estimating the Optimal Hedge Ratio in the Indian Equity Futures Market International Conference on Business and Finance 2008
44 Gupta, Kapil and Singh, Balwinder Equity Derivatives and Indian Stock Market Volatility International Conference on Business and Finance 2006
45 Gupta, Kapil and Singh, Balwinder Return-Volume Dynamics in Indian Equity Futures Markets Seventh International Conference on Operations and Quantitative Management (ICOQM-VII)
46 Gupta, Kapil and Singh, Balwinder Price Discovery Through Indian Equity Futures Market International Conference on Business and Finance 2005

Seminars

  • Attended the Webinar on ‘Financial Planning’ Organised by National Institute of Securities Markets on February 9, 2024.

  • Attended the Webinar on ‘Be A Smart & Responsible Investor’ Jointly Organized by The Week and Aditya Birla Capital on October 8, 2023.

  • Attended the Webinar on ‘Union Budget and You’ Jointly Organized by The Week and Aditya Birla Capital on February 12, 2023.

  • Attended the Webinar on ‘Reflections of 2022 & Resolutions for 2023’ Jointly Organized by The Week and Aditya Birla Capital on January 15, 2023.

  • Attended the Webinar on ‘Make Your Money Work’ Jointly Organized by The Week and Aditya Birla Capital on May 1, 2022.

  • Attended the Webinar on ‘Financial Well-Being for Her’ Jointly Organized by The Week and Aditya Birla Capital on March 5, 2022.

  • Attended the Webinar on ‘Union Budget and You & Simple Habits of Happy Life’ Jointly Organized by The Week and Aditya Birla Capital on February 6, 2022.

  • Attended the Webinar on ‘Transform Life from Ordinary to Extraordinary’ Jointly Organized by The Week and Aditya Birla Capital on January 2, 2022.

  • Attended the Webinar on ‘Smart and Responsible Investing’ Jointly Organized by The Week and Aditya Birla Capital on October 10, 2021.

  • Attended the Webinar on ‘Personal Finance Lessons from Financial Gurus’ Jointly Organized by The Week and Aditya Birla Capital on September 5, 2021.

  • Attended the Webinar on ‘Financial Independence’ Jointly Organized by The Week and Aditya Birla Capital on August 8, 2021.

  • Participated in  Webinar on ‘How to Maximize Shared Value Through Sustainability?’ Organized by Bala Vikas International Center, Hyderabad on July 30, 2021.

  • Participated in Webinar on ‘AAA of Investing’ Jointly Organized by The Week and Aditya Birla Capital on July 25, 2021

  • Participated in Webinar on ‘NAAC / NBA Accreditation Awareness Workshop’ Organized by Department of College Development, I. K. Gujral Punjab Technical University, Jalandhar on July 15-16, 2021.

  • Participated in Webinar on ‘Financial Conversations with the Family’ Jointly Organized by The Week and Aditya Birla Capital on June 20, 2021.

  • Participated in One Day Seminar on IPR in Academicia organized by Punjab Institute of Technology, Kapurthala Main Campus PTU on March 15, 2015.

  • Participated in Seminar on Mother Tongue and Media: Challenges and Prospects organized by Punjab Technical University, Kapurthala on November 29, 2012.

  • Participated in UGC Sponsored National Seminar on Corporate Laws: Contemporary Issues organized by Shaheed Bhagat Singh College, University of Delhi on December 4-5, 2009.

  • Attended the UGC Sponsored National Seminar on

Projects

  • Completed a Research Project titled

Expert Talks

  • Delivered an Expert Talk on Reverse Mortgage at an International Webinar organized by DIGISAKSHAM (An initiative of SEMS Welfare Foundation) on June 6, 2023.
  • Acted as a Keynote Speaker in the Technical Session I on Sustainable Development and Social Innovations in Finance and Accounting at National Seminar on ‘Mapping the Social and Environmental Concerns for Sustainable Economic Development’ Organised by University School of Financial Studies, Guru Nanak Dev University, Amritsar, in association with Punjab Pollution Control Board on March 27-28, 2023.
  • Conducted Three Sessions on Regression Analysis in the Short Term Course on Research Methods and Data Analysis using SPSS jointly organized by Department of Industrial and Production Engineering, Dr. B. R. Ambedkar National Institute of Technology, Jalandhar and Department of Mechanical Engineering, Government Women Engineering College Ajmer, Rajasthan Sponsored under TEQIP-III – Twinning Programme on January 20-24, 2019.
  • Conducted Two Sessions on Propositions and Hypothesis Formulation; Research Design and Methods in the 7 Day National Workshop on Research Methodology: Basics and Advances in Structural Equation Modeling organised by Punjab Institute of Management, I. K. Gujral Punjab Technical University Main Campus, Kapurthala on June 23-29, 2016.
  • Hans Raj Mahila Maha Vidyalya, Jalandhar organised UGC Sponsored One Week Faculty Development Programme on Advanced Techniques in Research organised by Hans Raj Mahila Maha Vidyalaya, Jalandhar and invited me as a resource person for conducting Four sessions on Time Series Analysis on March 25-31, 2016.
  • Conducted Four Session on Regression Analysis in the 2nd Faculty Development Programme on Research Methodology – Introduction to Multivariate Data Analysis and Time Series Analysis organised by Punjab Institute of Management (PIM), Punjab Technical University Main Campus, Kapurthala on April 4-5, 2015.
  • Conducted Four Session on Regression Analysis in the Faculty Development Programme on Research Methodology – Introduction to Multivariate Data Analysis and Time Series Analysis organised by Punjab Institute of Management (PIM), Punjab Technical University Main Campus, Kapurthala on February 21-22, 2015.
  • St. Soldier Management and Technical Institute, Jalandhar organized PTU Sponsored Faculty Development Program on Contemporary Practices in Research Methodology on June 23-27, 2015 and invited me as a resource person to deliver a talk on Time Series Forecasting and ARIMA Methodology.
  • Delivered a talk on Issues in Teaching of Finance in India during the PTU Sponsored Faculty Development Programme on Challenges in Technical Education organized by St. Soldier Management and Technical Institute, Jalandhar on June 1-6, 2012.
  • SGTB Khalsa College, Anandpur Sahib organized a One Day Workshop on Derivatives in Equity Markets on April 16, 2011 and they had invited me as a resource person to deliver talks on Introduction to Derivatives, Trading Strategies and the Status of Equity Derivatives in India.
  • Khalsa College for Women, Amritsar has organized a Two Day UGC Sponsored National Workshop on IT Revolution in the Indian Capital Market during December 2-3, 2010 and they had invited me as a resource person to deliver a talk on IT Developments and Stock Market Quality: An Indian Experience.
  • Kanya Mahavidyalaya, Jalandhar organized a Two Day UGC Sponsored National Seminar on Emerging Scenario of Capital Market in India on September 25-26, 2010 and invited me as a resource person. I have delivered a talk on Information Spillover and Pricing Efficiency in Indian Equity Futures and Cash Markets.
  • Invited as a resource person to deliver a Guest Talk on Risk: Concepts, Measurement and Application with the Third Semester Students (Finance Specialization) of G D Goenka World Institute on September 6, 2010.
  • Invited as a resource person in the Four Day FDP on Finance and Accounting at ICFAI University Tripura, Agartala during May 31 to June 03, 2010.