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      Dr Suman Lodh

      PhD, FHEA
      ROLE: Senior Lecturer in Finance
      SCHOOL: Business School
      DEPARTMENT: Accounting & Finance
      TELEPHONE: +44 (0)20 8411 5584
      EMAIL: S.Lodh@mdx.ac.uk
      1. Biography &
        Qualifications
      2. Learning &
        Teaching Interests
      3. Research Outputs &
        Interests
      4. Funded Research &
        Knowledge Exchange Projects
      5. Engagement &
        Impact

      • Biography &
        Qualifications

        Dr. Suman Lodh has joined the business school in 2012. He received his PhD in applied economics from the University of Bergamo, Italy. Prior to joining Middlesex, he has held a visiting scholar position at the Lally School of Management and Technology, RPI (USA) for a year and engaged in a large research project. He also held academic position at the University of Surrey. He attended workshops by David M. Drukkar (STATA Corp.) and Badi Baltagi (Syracuse University, USA). He has several years of teaching experience in India at undergraduate and postgraduate levels and work experince in industry.

        Suman is the Treasurer and a member of the Executive Trustees of British Accounting and Finance Association (BAFA) (2021-present) and has been the Secretary (2018-2021) of BAFA-SEAG (British Accounting and Finance Association- South East Area Group).

        He has published in highly ranked international journals including Journal of Business Ethics, the Corporate Governance: An International Review, International Review of Financial Analysis as well as in Industrial and Corporate Change. His research works have been presented in a number of highly rated American and European conferences including the prestigious American Accounting Association Annual Conference and European Accounting Association Annual Conference. He serves as an ad-hoc referee of several top-ranked academic journals. 

        Education:

        • PhD (Economics)
        • PGCert HE (Fellow of the Higher Education Academy)

        Languages Spoken

        English

      • Learning &
        Teaching Interests

        Suman is best known for his teaching in Econometrics at postgraduate and PhD level. However, he also has taught a range of modules including corproate finance, accounting theory, corporate social responsibility and business management in emerging markets at various levels. Below are the details:

        • Module Leader: Applied and Advanced Econometrics (Post Graduate)
        • Module Leader: Research Methods and Dissertation (Post Graduate)
        • Module Leader: Financial Econometrics and Financial Modeling (Post Graduate)
        • Accounting Theory (Undergraduate)
        • Corporate Finance (Postgraduate)
        • Business Management in Emerging Market (Undergraduate)
        • Corporate Social Responsibility (undergraduate)

        Doctoral Student Supervision:

        Supervised to completion

        • Marian Mgbame: Supervised with Ephraim Clark to completion: Thesis title- Risk management of CEO and CEO compensation (2016)
        • Vishwanath Sadanand: FDI Spillovers in Emerging Market (2020).

        • Tung Le: Momentum trading and investor sentiment (2022).

        • Samirah Jugoo: Corporate governance and investment fund performance (2022).

        Current PhD students

        • Ibrahim Khan: Environment performance and political connection.
        • Jose Arias: Banking supervision and bank culture.
        • Shamol Miah: Mergers and acquision and corporate reputaion.

      • Research Outputs &
        Interests

        Suman's research interests include Financial Econometrics, Corporate Finance, Corporate Governance, Earnings Management, Mergers and Acquisitions, Industrial Organizations (including knowledge spillovers), Foreign Direct Investment, Emerging Markets and Banking.

        He has held position of independent reviewer for a number of PhD thesis.

        Happy to speak to media.

        Media Coverage: CFA Digest,  The Conversation, Mediterrnean Dialogue and BBC Asian Network

        Published on UK Parliament Website:

        • Can Environmental Tax Reform contribute towards Net Zero Carbon for the UK? with Jelfs,P. and Nandy, M. (2021) Access Here.
        • COV0108 - The impact of coronavirus on business and workers (Jul'2020) with Nandy, M.  Can be accessed here UK Parliament
        • PEG0185 - Post-pandemic economic growth (Oct'2020)-with CI Projects Ltd., Selvaraja, G. and Nandy, M. Can be accessed here UK Parliament

        Research on Covid-19:

        • Post-pandemic sustainability business solution. 2021. Journal of Business and Management Studies. 3(1), 47-57. with Kachela, K., Lodh, S. and Nandy, M.
        • The future of non-financial businesses reporting: Learning from the Covid-19 pandemic (Accepted) 2021. Corporate Social Responsibility and Environmental Management, with Nandy, M., Hassan, A., Roberts, L. and Elamer, A.
        • Lessons from Covid-19 and Resilience Model for Higher Education (Accepted) 2020. Industry and Higher Education, with Tang, A and Nandy, A. (Download)
        • The comprehensive environmental management model in Post-Covid19 era. (2020). Journal of Business and Management Studies. with Marocchi, G, Corradini, A, Nandy, M. (Download)
        • Post Covid-19 and business analytics (2020). A book chapter for a book titled Intelligent Systems and Methods to Combat Covid-19, with Nandy, M.
        • Efficacious oscillation model for SME: Strategies during Covid-19 (2020) with Nandy, M. (Blog post): Can be accessed here Covid-19
        • Small business surviving Covid-19 crisis: What we can learn from previous research (2020) (Blog post): with Rosli, A and Nandy, M. Can be access here SME.
        •  

        Journal Articles:

        • Influence of governance bundles and directors’ social capital on cash holding in foreign cross-listed firms (Accepted), 2022. International Journal of Finance and Economics, with Nandy, M. and Kaur, J.
        • Coupling of cryptocurrency trading with the sustainable  environmental goals: Is it on the Cards? (Accepted), 2021. Business Strategy and the Environment, with Kumar, V., Nandy, M, and Mustafa, F.
        • Corporate accountability towards species extinction protection: Insights from ecologically forward thinking companies. 2021. Journal of Business Ethics, with Roberts, L., Nandy, M., Hasan, A. and Elamer, A. (Download)
        • Stock co-movement and governance bundles: Does the quality of national governance moderate this relationship?  2021. International Journal of Finance and Economics, with Nandy, M. and Egwuonwu, A.
        • Impact of directors network on corporate social responsibility: a cross country study 2020. International Review of Financial Analysis, with Nandy, M., Wang, J, and Kaur, J. DOI: https://doi.org/10.1016/j.irfa.2020.101601
        • Does lobbying of firms complement executive networks in determining executive compensation? 2020. International Journal of Finance and Economics, with Nandy, M., Wang, J, and Kaur, J. DOI: https://doi.org/10.1002/ijfe.2008
        • How does culture impinge upon managers’ demeanor of earnings management? Evidence from cross-country analysis, (2021). The International Journal of Accounting. with Chaney, P. and Nandy, M. 56(2), 2150009. doi https://doi.org/10.1142/S1094406021500098
        • A reply to the discussion on 'How does culture impinge upon managers’ demeanor of earnings management? Evidence from cross-country analysis' (2021). The International Journal of Accounting, with Chaney P. adn Nandy, M.  Vol 56(2), 2180007.
        • An investigation of UK SME Access to Finance, Growth and Productivity, 2015-17, ERC Research Paper no. 79 (2019). The paper can be access here or here. with Owen, R, Botelho, T, Anwar, O, Harrer.
        • How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China (2018) (DOI:10.1002/ijfe.1633), International Journal of Finance and Economics, with Caporale, G.M. and Nandy M. An online version is available here econstor or here cesifo
        • Fair Value in the Professional Valuation: Concept and Models (2018) (Accepted). International Journal of Critical Accounting, Vol.10 (6) 427 - 446, with Nandy, M. and Artemenkov, A.
        • The performance of banks in the MENA region during the global financial crisis (2017), Research in International Business and Finance. Vol 42, 583-590, with Caporale, M.C. and Nandy. M. 
        • Gender inclusivity and accounting higher education (2017),  Industry and Higher Education. Vol 31(5), 335-347, with Nandy. M.
        • Accrual-based and Real Earnings Management and Political Connections (2015). The International Journal of Accounting. Vol. 50(2), pp. 111-141, with Braam, G. J. M., Nandy, M., and Weitzel, U.
        • Technological Breadth and Depth of Knowledge in Innovation: The Role of M&As in Biotech (2014). Industrial and Corporate Change, Vol 24(1), 383-415,  with Battaggion, M.
        • Innovation and Family Ownership: Evidence from Emerging Markets (2014). Corporate Governance: An International Review. Vol 22(1) pp. 4-33, with Nandy. M. & Chen. J.
        • Do Banks Value the Eco-friendliness of Firms in their Corporate Lending Decision? Some Empirical Evidence (2012). International Review of Financial Analysis. Vol 25 (Dec) pp. 83-93 with Nandy. M.

        Selected working Paper:

        • Cryptocurrency volatility using XGBoost and ARFIMA-GARCH with Ciciretti et al. 
        • Prediting of failure of directors using machine learning: Evidence from USA. with Van der Haar, et al.
        • Sustainability informed electronic financial reporting technology, with Gruemmer et al.
        • Environment protection and culture: a maching learning approach, with Hummel et al.

        For the impact of my research, please refer to my profile on Google Scholar and RePEc

        Contribution to Books:

        • B-Corp in India: A sustainable business model (2021). With Nandy et al. In Henry, H., Alcalde, J. and Vasserot, CV (ed) International Handbook of Social Enterprises and B-Corp Law, Springer.
        • The 'Journey of a Hero' and Sustainable Development (2021). With Stelly et al. World Review of Entrepreneurship, Management and Sustainable Development.
        • Impact of IFRS adoption on earnings management. (2017). In Ekanem, I. (ed) Understanding Bankruptcy: Global Issues, Perspectives and Challenges, Nova Science, USA. ISBN 9781536123999
        • Radical Innovation and Economic Growth: A Study of the Effect on Labour Market in India. (2009). in Pal, P. (ed) Reforms and Structural Changes in India. Regal Publication, New Delhi, ISBN 81-8484-017-9.

        Some selected publications other peer reviewed journals (past):

        • Overnight Indexed Swaps: An Analytical Study on Indian Market (2011). Decision (Indian Institute of Management), Vol. 38(3). with Nandy M.
        • The Growth Prospects of Internet Banking in Islamic Countries: A Comparison with Other Developed Countries (2008). ICFAI Journal of Applied Finance, Vol. 14(6), pp. 56-75, with Nandy, M.
        • India at her best: Investors’ right option (2008), Portfolio Organizer, pp. 44-50, with Nandy, M.
        • Exploring the country risk: MNCs mindset (2008). ICFAI Journal of International Business, 3 (2). pp. 24-35, with Nandy, M.
        • Catch the web if you can: click and get money (2007). MBA Review. pp. 51-54, with Nandy, M.

        Publication Feed

        Corporate accountability towards species extinction protection: insights from ecologically forward-thinking companies

        Roberts, Lee and Nandy, Monomita and Hassan, Abeer and Lodh, Suman and Elamer, Ahmed A. (2022) Corporate accountability towards species extinction protection: insights from ecologically forward-thinking companies. Journal of Business Ethics , 178 (3). pp. 571-595. ISSN 0167-4544

        Policy briefing: Exploring external finance to build back better a green UK SME economy

        Owen, Robyn and Lodh, Suman and Anwar, Osman and Plekhanov, Sergei (2022) Policy briefing: Exploring external finance to build back better a green UK SME economy. Other. Enterprise Research Centre.

        Exploring external finance to build back better a green UK SME economy

        Owen, Robyn and Lodh, Suman and Anwar, Osman and Plekhanov, Sergei (2022) Exploring external finance to build back better a green UK SME economy. Project Report. Enterprise Research Centre.

        Influence of governance bundles and directors' social capital on cash holding in foreign cross-listed firms

        Lodh, Suman and Nandy, Monomita and Kaur, Jaskaran (2022) Influence of governance bundles and directors' social capital on cash holding in foreign cross-listed firms. International Journal of Finance & Economics . ISSN 1076-9307 (Published online first)

        Coupling of cryptocurrency trading with the sustainable environmental goals: is it on the cards?

        Mustafa, Fairouz and Lodh, Suman and Nandy, Monomita and Kumar, Vikas (2022) Coupling of cryptocurrency trading with the sustainable environmental goals: is it on the cards? Business Strategy and the Environment , 31 (3). pp. 1152-1168. ISSN 0964-4733

        View more publications

      • Funded Research &
        Knowledge Exchange Projects

        • Natural Environmental Research Council (NERC) and Finance for Biodiversity (F4B): SME Financing for Biodiversity: Building Nature Measurement and Impacts into SME Financing (‘SME FinBio’) - with Agri-Food Sector Case Study Example. Principal Investigator (with Owen R and Lyon, F). (£100K). (2022)
        • Early stage high growth SMEs in the UK. BEIS (10K) (2022).
        • Green tax and sustainable recovery (2021). Funder: Chartered Institute of Taxation, UK.
        • Social Enterprise and market trends (LSBS Survey Analysis). Funder: Department for Digital, Culture and Media Support (DCMS), UK.
        • The evaluation of the English ERDF 2014-20 Operational Programme (OP).  In association with Regeris Consultant, Belmana and BMG Research (2018-21)- £1.9m

        • Mentoring and Coaching Hub (MCHub) of MSF (Médecins Sans Frontières) Norway: Individual Coaching Impact Evalation (2018-21) with Haddock-Miller, J. et al.-£58k

        • Productivity project funding: Round 2 (Productivity Insight Network Report) with Owen, R, Harier, T. (2020)- £46k.
        • Enterprise Research Center- Phase 3 Longitudinal Small Business Survey: SME Access to Finance. with Owen, R., Anwar, O., Botelho, T.(2018-2019)-£5k

      • Engagement &
        Impact

        Departmental Responsibilities:

        • Departmental Research Leader for Accounting and Finance department
        • Chiar of Research Ethics Committee (A&F, Econ, CEEDR)
        • Chair of Research Summer Student Conference 2022 (MDX)

        External Examiner: 

        • Ulster University, Ireland.
        • Birmingham City University, UK
        • London Institute of Banking and Finance

        Guest Lectures/ Seminars:

        • International Congress on Information Technology and Communication- ICICT (2019, 2020, 2021), Panel Speaker and Guest.
        • Portsmouth University (2021)
        • Brunel Business School, Brunel University, UK (2017)
        • University of Engineering and Management, Kolkata, India (2017)
        • Institute of Engineering and Management, Kolkata, India (2017)
        • Queen Mary University of London, UK (seminar series 2017, 2021)

        Editorial Board:

        • Business Perspective and Research (Sage Publication, ISSN: 22785337)- Member of the Editorial Board

        Ad-hoc Referee

        • International Review of Financial Analysis (ABS 3)
        • Review of Quantitative Finance and Accounting (ABS 3)
        • Industrial and Corporate Change (AJG 3)
        • Economic Modelling (AJG 3)
        • European Journal of Finance (AJG 3)
        • Industrial and Corporate Change (AJG 3)
        • American Accounting Association Annual congress meeting and conference
        • Journal of Product Innovation and Management (AJG 4)

        Membership/Affiliation:

        • European Economic Association
        • British Accounting and Finance Association (BAFA)
        • Association of Intenational Accountant
        • BAFA - South East Area Group

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