Emon Kalyan Chowdhury

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Verified

Emon verified their affiliation via an institutional email.

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• PhD (Stock Market Risk), MBA (Accounting) , MBA (Finance & HRM)
• Professor at Chittagong Independent University

Entrepreneurship plays a crucial role in driving economic growth and development, and understanding the factors that shape entrepreneurship is essential. This research paper aims to investigate the factors influencing entrepreneurship development in South Asian countries by analyzing the role of institutional quality, technological innovation, soci...

This paper examines the shifts in investor sentiment during the Russia-Ukraine war and its consequent impact on market volatility. By employing a comprehensive dataset that includes the S&P 500 index, historical Bitcoin prices, the Investor Sentiment Index, the Industrial Production Index, and the US Consumer Price Index, this study applies several...

This study examines the key factors influencing economic growth in South Asia, namely entrepreneurship development, technological innovation, and institutional quality. By analyzing annual data from 2010 to 2022 across South Asian countries (excluding Afghanistan), a strong correlation between these factors and economic prosperity is revealed. Thes...

This paper explores the effect of traditional practices and cultural norms on entrepreneurship and business success in Bangladesh. Using a constructive survey questionnaire, data was collected from 172 businesspersons. Factor analysis and regression analysis were employed to analyze the data. The findings highlight that traditional family structure...

Purpose This research aims to explore how social media influences the academic performance of university students in Bangladesh and examines the benefits and drawbacks of its usage. Design/methodology/approach We distributed a well-structured questionnaire among students enrolled in various programs at different universities in Bangladesh to colle...

This study delves into the factors that drive the implementation of blockchain technology in organizations, as well as the reasons for its slow adoption in the accounting field in Bangladesh. By analyzing 217 responses, this research has utilized factor analysis and regression estimates to identify the key factors that influence the use of blockcha...

This paper aims to investigate the implications of blockchain technology in improving the quality of financial information. To achieve this objective, the author has studied several published journals, newspaper articles, book series, and case studies. It is observed that blockchain technology can create a platform for organizations to disclose the...

The ongoing conflict between Russia and Ukraine has significantly affected global financial markets, requiring investors to adapt their attitudes accordingly. This study aims to explore the transformation of investor attitudes towards financial markets within the context of the Russia-Ukraine conflict. By analysing monthly data spanning from Januar...

This study examines the effect of the Russia–Ukraine conflict on global financial markets and the resulting changes in investor psychology. We have analysed weekly data from January 2021 to March 2023, including indicators such as gross national income, Bitcoin historical price, Standard and Poor 500 index, US consumer price index, US dollar index,...

This study measures the immediate impact of Russia–Ukraine war on the global stock markets for the first four months since Russia’s first invasion attempt on February 24, 2022. Daily closing stock indices have been used from selected stock markets of six different continents. By applying event study method, it observes mixed impact on different sto...

Do weather patterns in South Asia have an impact on investment decisions? This question is particularly relevant given the region's vulnerability to natural disasters such as floods, cyclones, and droughts. To explore this issue, we apply regression and generalized method of moments using yearly data of weather, stock indices, borrowing opportunity...

The focus of this study is to analyze the key elements that have a significant impact on the economic growth in South Asia, specifically the development of entrepreneurship, technological innovation, and the quality of institutions. Through meticulous analysis of annual data from 2010 to 2022, encompassing all South Asian countries except Afghanist...

This paper analyzes the response of cryptocurrency returns to the movement of economic policy uncertainty (EPU) and stock market volatility (VIX), as well as a few macroeconomic variables: gold price, interest rate, inflation rate, and oil price. Vector error correction model and regression model are applied to examine the linkage between these var...

The aim of this paper is to analyze the impact of blockchain technology on the traditional financial accounting system both in the short-run and long-run. It is argued that blockchain technology can potentially disrupt the existing accounting system and practices. The decentralized nature of blockchain means that there is no need for a central auth...

This study applies the Unified Theory of Acceptance and Use of Technology model to explore the factors that potential users may prioritize when intending to use block-chain technology in accounting. Primary data was collected through a structured questionnaire from 217 respondents. Both factor analysis and regression models were applied to achieve...

This study measures the impact of financial inclusion on human development in Bangladesh, India, and Pakistan. Despite rapid economic progress, these three South Asian countries still lag in improving their state of inequality, poverty, and unemployment. Using panel data and applying the generalized method of moments (GMM), this study finds a posit...

At present, most of the business organizations take their management decisions using traditional approach. In the traditional approach, the freedom to be flexible is limited due to numerous assumptions. This paper aims to establish an artificial neural network-based model to predict management information and verify the accuracy of the model using...

This paper identifies the determinants of the capital structure of conventional and Islamic banks in Bangladesh. A multivariate regression model has been established to test the influence of return on asset, tangibility, liquidity, growth, and financial market development on the leverage of 23 conventional and 8 Islamic banks listed on the Dhaka St...

Purpose This paper aims to analyze the impact of Covid-19 on the stock market volatility and uncertainty during the first and second waves. Design/methodology/approach This study has applied event study and autoregressive integrated moving average models using daily data of confirmed and death cases of Covid-19, US S&P 500, volatility index, econo...

This study aims to explore the consequence of COVID-19 pandemic on the income flow of individuals in Bangladesh from sociodemographic perspective. Multinomial logistic regression model has been applied to achieve the objectives using primary data which were collected from respondents covering different professions, income levels, education, marital...

This paper intends to scrutinize the link between renewable energy consumption, foreign direct investment (FDI) and economic progress in South Asian countries. This study applies random effect and generalized method-of-moments models using panel data from 1990 to 2020. The empirical results indicate that FDI and renewable energy consumption have a...

This paper aims to determine the role of bank‐centric, industry‐centric and macroeconomic determinants on the financial performance of conventional and Islamic commercial banks in Bangladesh. The financial performance of 28 conventional and 8 Islamic commercial banks was measured by Return on Assets, Return on Equity, Net Interest Margin, and the P...

This paper aims to determine the role of bank-centric, industry-centric and macroeconomic determinants on the financial performance of conventional and Islamic commercial banks in Bangladesh. The financial performance of 28 conventional and 8 Islamic commercial banks was measured by Return on Assets, Return on Equity, Net Interest Margin, and the P...

This paper aims to measure the impact of COVID‐19 and changes in economic policy uncertainty (EPU) on the US stock market volatility using Event Study, Stepwise Regression, and Vector Autoregression (VAR) models. The impact has been examined under three contexts namely inside the US, outside the US and the whole world. This study finds negative cum...

This paper aims to measure the impact of Covid-19 and changes in economic policy uncertainty (EPU) on the US stock market volatility using Event Study, Stepwise Regression and Vector Autoregression (VAR) models. The impact has been examined under three contexts namely inside the US, outside the US and the whole world. This study finds negative cumu...

This paper attempts to know the contribution of remittances to the economic progress of three low-income Asian frontier countries namely Bangladesh, Sri Lanka, and Vietnam. This study applies pooled ordinary least squares (OLS), fixed effect, and random effect models to know the aggregate impact of remittances on economic development using panel da...

This paper attempts to know the contribution of remittances to the economic progress of three low-income Asian frontier countries namely Bangladesh, Sri Lanka and Vietnam. This study applies pooled ordinary least squares (OLS), fixed effect and random effect models to know the aggregate impact of remittances on economic development using panel data...

This paper intends to know the impact of information and communication technology (ICT) on the economic progress and renewable energy consumptions in two Asian economic giants namely India and China. To achieve the objectives, generalised method of moments (GMM) and pooled ordinary least square (OLS), fixed effect and random effect models have been...

This study intends to measure the impact of internal control on the financial performance of commercial banks in Bangladesh. Primary data has been collected from senior bankers of different commercial banks using a structured questionnaire and secondary data has been collected from the annual reports. Factor analysis was applied to identify the maj...

In the field of business, accounting is the area where the Information and Communication Technology (ICT ) tools and latest technologies were used for the first time (Kwilinski, 2019). In accounting, the ICT tools and techniques were used to transform the manual accounting process to automation. Later on, the analysis and interpretation parts were...

This study aims to analyze the bank-specific and macroeconomic determinants of non-performing loans (NPLs) of private commercial banks (PCB) in Bangladesh. It considers panel data from 2014 to 2018 of selected 33 listed PCBs and annual macroeconomic data from 2000 to 2018. This study finds equity to total assets, interest income, lending capacity,...

This paper intends to know the influence of COVID‐19 on the stock markets and economic activities across the world. To achieve the purpose, daily panel data of 12 selective countries covering four continents from January to April 2020 have been collected. The impact on stock markets has been measured by applying the event study method, while the pa...

This paper aims to measure the nature of volatility in the cryptocurrency market before and during Covid-19 pandemic period. To achieve this goal, the Wald test, Granger Causality and Generalized Autoregressive Conditional Heteroskedasticity (1,1) have been applied considering the daily US dollar dominated closing prices of 15 leading cryptocurrenc...

This paper intends to examine the disastrous impact of Covid-19 on the flourishing tourism sector in Bangladesh. To achieve the research purpose, this study applies event study methodology. Daily closing prices of five listed companies of Dhaka Stock Exchange (DSE) under Travel and Leisure category, DSE Index, Covid-19 variables namely, confirmed c...

A quarterly publication of Seoul National University Asia Center, South Korea.

This paper aims to verify the feasibility of capital market integration among the SAARC member countries by analyzing the reaction of volatility towards the changes in economic, political, and financial factors by taking five particular SAARC countries as a sample. In order to achieve this objective, Gross Domestic Product Per Capita, Political Sta...

The Main objective of this study is to exhume the nature of volatility in Chittagong Stock Exchange (CSE). It also aims to measure the impact of selective macro-economic factors on volatility. For this study, data have been collected from the websites of CSE and The World Bank from 2009 to 2018. To test the volatility and the impact of macro-econom...

Most of the people assume that blockchain technology simplifies only the financial operations. This paper aims to throw light on how blockchain technology influences the overall business process both financial and non-financial to create and deliver value to the clients. The effect of blockchain technology on different blocks of business model has...

This study aims to examine the impact of investor sentiment on the stock return in Chittagong Stock Exchange. The study applied generalized autoregressive conditional heteroskedasticity (GARCH) model and finds a significant but negative impact of the investor sentiment on the stock return. It also used interest rate, inflation rate and exchange rat...

This study attempts to throw light on the impact of Foreign Direct Investment (FDI) on the economic development of Bangladesh. Augmented Dickey Fuller unit root test is applied to test the data stationarity of time series data from 1975 to 2015. Johansen Cointegration Model shows that both FDI and economic growth are co-integrated. Vector Error Cor...

This paper has attempted to analyze the impact of perceived risk attitude and awareness of stock market investors on their investment behavior. A structured questionnaire has been used to know their investment behavior from different perspectives. Respondents have been chosen from different brokerage houses who have investments in Dhaka and Chittag...

This paper aims to examine the return spillover among the selective stock markets in South Asian Association for Regional Cooperation (SAARC) region, namely, Chittagong Stock Exchange of Bangladesh, Bombay Stock Exchange of India, Karachi Stock Exchange of Pakistan and Colombo Stock Exchange of Sri Lanka. Daily closing prices of selective indices o...

This paper attempts to test the functioning of Fama-French (FF) three-factor model at Chittagong Stock Exchange (CSE). The three factors include market risk premium, size risk and book to market risk. Nine portfolios are constructed by taking daily closing prices of thirty selective stocks of CSE from January 2010 to December 2014. Treasury bill ra...

This study aims to gauge the perceptions of accountants in Bangladesh toward sustainable development practices in their respective organizations. The perceptions are assessed by collecting data from accountants of different organizations through a structured questionnaire. It finds that loyalty and commitments between employers and employees stimul...

The objective of this study is to measure the impact of Foreign Direct Investment (FDI) on the stock market development in Bangladesh. Secondary data from 1997 to 2016 are considered. After examining the stationarity of the data, Johansen cointegration model and Granger causality test are applied. Correlation and regression analysis are used to kno...

This study aims to know the motivational factors of e-commerce that drive the affirmative tendency towards online shopping. To observe the behavior of online shoppers, a structured closed ended questionnaire is used. The questionnaire is prepared to know their reactions on online shopping experience from different perspectives. Correlation and regr...

It is very important for the policy makers to understand the impact of macroeconomic variables on the stock market return to formulate appropriate policies for the socioeconomic development of a country. This paper attempts to find the impact of macroeconomic factors like inflation rate, interest rate, money supply, unemployment rate risk premium,...

This paper aims to analyze the savings objectives, investment nature, and risk tolerance level of working women in Chittagong. A structured questionnaire has been used to know different aspects of working women on their savings and investment behavior. Non-parametric statistical method has been applied to check the relation between income, investmen...

This paper aims to analyze the effect of perceived risk attitude and awareness of stock market investors on their investment behavior. A structured questionnaire has been used to know their investment behavior from different dimensions. Respondents have been chosen from different brokerage houses who have investments in Dhaka and Chittagong stock e...

Most of the investors all over the world use CAPM to measure the expected stock returns for its simplicity and accuracy. Investors in Chittagong Stock Exchange (CSE) also use it extensively. This study aims to find the applicability of CAPM in CSE. Closing prices of top 30 different companies from 2008 to 2012 have been considered. The basic model...

Predicting stock market movement is a challenging job in most of the bourses in the world. Researchers are incessantly trying to improve the techniques and methods to predict the stock market movement in a more accurate and scientific manner. This paper aims to test the applicability of widely used prediction methods in Chittagong Stock Exchange (C...

This research deals with the study on reward management as motivational tool in various industries in Bangladesh. The primary data has been collected from employees working in different industries having zero to thirty years of professional experience through survey method. The objective is to find the relative strength of the monetary and non-mone...

The purpose of this paper is to know the impact of merger on the shareholders of different companies. This is an attempt to evaluate the impact of merger on companies through a database of thirty two companies. Study was conducted by collecting the monthly stock prices of the companies prior to merger and monthly stock prices of the company post-me...

Ever since Irving Fisher (1930) provided the relationship between the expected inflation and interest rates, considerable attention has been paid to the issue. Many financial controversies and literatures have analyzed this relationship. In Bangladesh context, very less study has been done in this regard as interest liberalizations are of recent pa...

It is the nature of human being to accumulate assets more and more. There are millions of avenues to do so but the most desirable way is "investment in stock market" as the return is very high. But this stock market remains volatile always. Both market participants and market regulators need models for measuring, managing and controlling risk. Mark...