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Dr Deven Bathia

Deven

Reader in Finance

Email: d.bathia@qmul.ac.uk
Telephone: +44 (0)20 7882 6500
Room Number: Room 4.14, Francis Bancroft Building, Mile End Campus
Office Hours: Wednesday: 9.30 to 11.30

Profile

Roles:

Biography:

Deven Bathia is a Reader in Finance at the School of Business and Management, Queen Mary University of London, UK. Dr. Deven holds a PhD in Finance from University College Dublin, Ireland, and an MBA from Fordham University, New York. Deven’s research interests lie primarily in the areas of behavioural finance, investments, governance, and international finance, with a particular emphasis on investor sentiment, capital flows, and board composition. He is a co-director of the Finance Research Cluster. Additionally, he is a member of the Centre for Globalisation Research (CGR) and the Behavioural Finance Working Group (BFWG). Before transitioning into academia, Deven worked in various roles within the accounting and investment management industry for over seven years.

Teaching

Undergraduate

  • BUS306 Financial Management

Postgraduate

  • BUSM115 International Finance

Deven is a Fellow of the Higher Education Academy

Research

Research Interests:

My research interests lie primarily in the fields of behavioural finance, investments, governance and international finance, with a special interest in investor sentiment, capital flows and board composition. My research explores the asset pricing implications of various investor sentiment measures. Currently, I am working on several topics including exploring the determinants of capital flows as well as its effect on emerging stock market returns and volatility, the significance of monetary policy shocks on capital flows, and the role of various governance measures in affecting firm performances.

 

Centre and Group Membership

Co-Director of the Finance Research Cluster (FRC)

Member of the Centre for Globalisation Research (CGR)

Member of the Behavioural Finance Working Group (BFWG)

 

Publications

Journal Articles

  • Does derivative usage boost firm value in an economy with controls? Evidence from India (with Praveen Gupta and Sushanta Mallick), Review of Quantitative Finance and Accounting, 65(1), 295-344, (2025).
  • Cross-border capital flows and information spillovers across the equity and currency markets in emerging economies (with Riza Demirer, Roman Ferrer, Ibrahim Raheem), Journal of International Money and Finance, 139, 102948, (2023).
  • Investor sentiment connectedness: Evidence from Linear and Nonlinear Causality Approaches (with Aviral Tiwari, Elie Bouri and Rangan Gupta), Annals of Financial Economics, 16(4), 2150016, (2021).
  • Unemployment fluctuations and currency returns in the United Kingdom: Evidence from over one and a half-century of data (with Riza Demirer, Rangan Gupta and Kevin Kotze), Journal of Multinational Financial Management, 61, 100679, (2021).
  • Credit Ratings and Predictability of Stock Return Dynamics of the BRICS and the PIIGS: Evidence from a Nonparametric Causality-in-Quantiles Approach (with Mehmet Balcilar, Riza Demirer and Rangan Gupta), The Quarterly Review of Economics and Finance, 79, 290-302, (2021).
  • Cross-Border Capital Flows and Return Dynamics in Emerging Stock Markets: Relative Roles of Equity and Debt Flows (with Christos Bouras, Riza Demirer and Rangan Gupta), Journal of International Money and Finance,109, 102258, (2020).
  • Investor Sentiment: Does it augment the performance of asset pricing models? (with Don Bredin), International Review of Financial Analysis, 59,290-303, (2018).
  • International sentiment spillovers in equity returns (with Don Bredin and Dirk Nitzsche), International Journal of Finance and Economics, 21(4), 332-359, (2016).
  • An examination of investor sentiment effect in G7 stock market returns (with Don Bredin), European Journal of Finance, 19(9), 909-937, (2013).

Book Chapter

  • An examination of investor sentiment effect on G7 stock market returns (with Don Bredin), Contemporary Issues in Financial Institutions and Markets, Vol. 2: 99-127, (2015).

Supervision

Current Doctoral Students

  • Fatima Ali - Pandemic and Global Market Contagion (joint with Gulnur Muradoglu)
  • Han Fan - Fund awards and behavioural bias (joint with Sushanta Mallick and Gulnur Muradoglu)
  • Jiahui Hui – IPO Pricing and governance (joint with Gilad Livne)

PhD Supervision Completions

  • Shafaq Malik - R&D and Firm Performance: Assessing the Role of Leverage and Intra-Industrial Proximity (joint with Gulnur Muradoglu)
  • Rukaiyat Yusuf - Executive Compensation, Strategic Risk, and Financial Performance: Evidence from the UK Listed Firms (joint with Gulnur Muradoglu)
  • Jiaxin Wang - Ownership Structure and Firm Performance: An Empirical Analysis of the Listed Firms in China (joint with Gulnur Muradoglu)
  • Praveen Gupta - Value of derivative usage for non-financial and financial firms in India: the role of financial leverage and funding type (joint with Sushanta Mallick)

Public Engagement

Deven is an Associate Editor of the Review of Behavioural Finance journal. He has frequently contributed to various international conferences, including the Financial Management Association, European Financial Management Association, Eastern Finance Association, British Accounting and Finance Association, Behavioural Finance Working Group Conference, and Infiniti Conference. Deven has published his research in various finance journals, including the Journal of International Money and Finance, the International Review of Financial Analysis and the European Journal of Finance.

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