Dr. Shivam Azad

Dr. Shivam Azad is an Assistant Professor in the Finance & Accounting domain at Jaipuria Institute of Management and holds a Doctorate from the Department of Management Studies, NIT Warangal. His doctoral research focused on Green Finance and Green Bonds. Prior to his Ph.D., he completed an MBA in Financial Management from Banaras Hindu University (BHU) and a B.Com from Deen Dayal Upadhyay Gorakhpur University (DDUGU).

With experience in investment banking, including a role at an investment banking firm and an internship with Sharekhan Ltd., Dr. Azad has developed expertise in financial markets and sustainable finance. His research contributions have appeared in high-impact, ABDC-listed journals indexed in Web of Science and Scopus, including Business Strategy and the Environment, Sustainable Development, and the International Journal of Global Business and Competitiveness. He has also received two Best Paper Awards at international conferences.

He was part of a live project with GIZ India (headquartered in Germany), where he contributed to framing a response to the Reserve Bank of India (RBI) on sustainability related financial policies. His academic and professional interests lie at the intersection of finance, sustainability, and policy making.

Master of Business Administration in Financial Management from Banaras Hindu University (BHU) and PhD from the National Institute of Technology, Warangal

Papers Published in Peer-Reviewed Journals (ABDC, SCOPUS, WoS)

Azad, S., Tulasi Devi, S. L., & Mishra, A. K. (2024). Investing in our planet: Examining retail investors' preference for green bond investment. Business Strategy and the Environment, 33(6), 5151–5173. Wiley. https://doi.org/10.1002/sd.3172

Azad, S., & Devi, S. T. (2024). Sustainable development and investor confidence: The safe‐haven appeal of green‐bond issuing firms. Sustainable Development, 1–20. Wiley.
https://doi.org/10.1002/sd.3172

Azad, S., & Devi, S. T. (2024). Sustainable Banking: Leveraging Employee Behavior for Environmental and Competitive Gains. International Journal of Global Business and Competitiveness. https://doi.org/10.1007/s42943-024-00110-9

Azad, S., Kedia, S., Tripathi, V. V. R., & Shukla, V. (2020). A descriptive analysis of PMJJBY & PMSBY. IOSR Journal of Business and Management (IOSR-JBM), 22(1), 41–51. https://doi.org/0.9790/487X-2201074151

Conference Proceedings

Azad, S., & Surapaneni, L. (2022, August). A Systematic Literature Review on Development of Green Financing in SAARC countries. 2nd Indian International Conference on Industrial Engineering and Operations Management. https://doi.org/10.46254/IN02.20220199

Surapaneni, L., Azad, S., & Dutta, A. (2023, November). A Study of Investment Catalysts: Unraveling Determinants of Fixed Assets in the Construction Industry. 2nd Australian International Conference on Industrial Engineering and Operations Management. https://doi.org/10.46254/AU02.20230070

Azad, S., Surapaneni, L., & Dutta, A. (2022, October). Impact of Social Media on Indian Stock Markets: A Systematic Literature Review. I-LISS International Conference.

Azad, S., & Surapaneni, L. (2022, October). Are Indian Stock Markets discounting RBI’s Monetary Policy Results: An Empirical Analysis. ERISS International Conference.

AREA OF CONSULTANCY

Sustainability in Finance, Green Bond Market Development, Investment Banking Advisory