Sandeep Keshava Rao

Dr

Contact Details


Associate Professor of Finance
DCU Business School, Glasnevin
Dublin 09
T:​+353 1 700 6955

E: sandeep.keshavarao@dcu.ie
W: https://www.sandeepkrao.com/
Profile Photo

Dr Sandeep Rao is an Associate Professor of Finance and the Programme Chair of the MSc in Finance at the DCU Business School. He serves as the Associate Editor of the Review of Accounting and Finance, Journal of Sustainable Finance and Investments, and Journal of Risk Finance. Dr Rao is also a member of the American Finance Association (AFA), Financial Management Association (FMA) and The Indian Econometric Society (TIES).


Dr Rao’s research focuses on Corporate Finance and Sustainable Finance, with a special emphasis on Climate Change. He has contributed to top ABS-ranked journals such as the Journal of Corporate Finance, The British Journal of Management, Annals of Operations Research, Economics Letters, Energy Economics, and Research in International Business and Finance. His expertise extends to teaching Corporate Finance and Sustainable Finance at DCU Business School, and he is a sought-after guest lecturer at prestigious B-Schools, including KEDGE (France), University of Birmingham (UK-Singapore), DHBW (Germany), among others.


He is the founding Member of the International Finance Research Collaborative (iFRC), a dynamic group of finance academic networks dedicated to advancing knowledge and driving impactful research in finance. He is also an active member of international research centres such as the Sustainable Financial Innovation Centre (SFiC, UK), The Centre for Research on Economic Relations (CER, Sweden), the DCU Climate and Society, the National Centre for Family Business (NCFB), Anti-corruption Research Centre and the Ireland India Institute at DCU.


Earlier, Dr Rao was the founder and CEO of two technology companies in India. Under his leadership, the companies provided several IT solutions, including PLM, ERP, fuel management systems and RFID technology integration into social media branding. He was also an award-winning market analyst at Thomson Reuters in the mergers and acquisitions department and a sub-broker of the stock broking firm Motilal Oswal Securities Ltd in India. He holds a PhD in Accounting and Finance from the triple-accredited University of Strathclyde and is a UK Commonwealth Alumni. Additionally, he has an MSc in International Securities and Investment Banking from the ICMA Centre, Henley Business School, UK, and an MBA from Visveswaraiah Technological University, India.


Peer Reviewed Journal

Year Publication
2024 Hisham Farag; Santosh Koirala; Di Luo; Sandeep Rao (2024) 'Do Titans Deliver the ESG Promise? Societal Recognition and Responsible Corporate Decisions'. British Journal of Management, . https://doi.org/10.1111/1467-8551.12876
2024 Mohamad H. Shahrour; Mohamed Arouri; Dung V. Tran; Sandeep Rao (2024) 'Carbon consciousness: The influence of CEO ownership'. Journal of Environmental Management, 364 . [Link] [DOI]
2023 Sandeep, Sandeep,Santosh, Santosh,Sulaiman, Sulaiman,Shaen, Shaen (2023) 'Geopolitical risk and M&A: The role of national governance institutions'. Economics Letters, . [Link]
2023 Pawan Kumar; Vipul kumar Singh; Sandeep Rao (2023) 'Does Substitution Effect Leads to Feedback Effect Linkage between Ethanol, Crude Oil, and Soft Agricultural Commodities?'. Energy Economics, 119 . [Link] https://doi.org/10.1016/j.eneco.2023.106574
2023 Anže, Anže,Teresa, Teresa,Patricia, Patricia,Sandeep, Sandeep,Mustafa Erdem Sakinc, Mustafa Erdem Sakinc (2023) 'Does acquisition lead to the growth of high-tech scale-ups? Evidence from Europe'. Research in International Business and Finance, 64 . [Link]
2022 Andrew Marshall; Sandeep Rao; Partha P Roy; Chandra Thapa (2022) 'Mandatory Corporate Social Responsibility and Foreign Institutional Investor Preferences'. Journal of Corporate Finance, 76 . [Link] https://doi.org/10.1016/j.jcorpfin.2022.102261
2022 Koirala, Santosh; Rao, Sandeep; Marshall, Andrew; Farag, Hisham (2022) 'The Market for Corporate Control and Risk-taking: Evidence from Global M&A Laws'. British Journal of Management, . [Link] https://doi.org/10.1111/1467-8551.12625
2022 Roy, P; Rao, S; Zhu, M (2022) 'Mandatory CSR Expenditure and Stock Market Liquidity'. Journal of Corporate Finance, 72 . [Link] https://doi.org/10.1016/j.jcorpfin.2022.102158
2022 Kumar, S; Sharma, D; Rao, S; Lim, MW; Kumar, SM (2022) 'Past, present, and future of sustainable finance: Insights from big data analytics through machine learning of scholarly research'. Annals of Operations Research, . [Link] https://doi.org/10.1007/s10479-021-04410-8
2021 Rao,S; Koirala,S; Thapa,C; Neupane, S (2021) 'When Rain Matters! Investments and Value Relevance'. Journal of Corporate Finance, . [Link] https://doi.org/10.1016/j.jcorpfin.2020.101827
2020 Thapa, C; Rao, S; Farag, H; Koirala, S (2020) 'Access to internal capital, creditor rights and corporate borrowing: Does group affiliation matter?'. Journal of Corporate Finance, 62 . [Link] https://doi.org/10.1016/j.jcorpfin.2020.101585
2019 Rao, S (2019) 'The philosophical paradigm of financial market contagion research'. INTERNATIONAL JOURNAL OF MANAGEMENT CONCEPTS AND PHILOSOPHY, 12 (3). [Link] [DOI]
2019 Rao, S; Chou, CH (2019) 'An Investigation of Overcrowding Among the UK Households'. Eastern Journal Of European Studies, .
2019 Rao, S; Andini, V (2019) 'Modelling student migration to Karnataka for Higher Education using a partial least square structural equation model'. Higher Education Quarterly, 73 (2). [Link] [DOI]
2018 Rao, S; Andini, V (2018) 'Migration Estimation in India: A Monsoon Migration Model'. Journal of Rural Development, . [DOI]

Book Chapter

Year Publication
2021 Rao, S (2021) 'Mt.Gox - The Fall of a Giant' In: Understanding cryptocurrency fraud:The challenges and headwinds to regulate digital currencies. Germany : Walter de Gruyter GmbH & Co KG. [Link]
2017 Andini, V; Rao, S (2017) 'Analysis of Socio Economic Conditions and Migration Patterns of Migrant Settlements in Bengaluru' In: Social Transformation and Cultural Change in South Asia: From the Perspectives of the Socio-Economic Periphery. Tokyo : The Institute of Oriental Studies, Daito Bunka University.

Other Journal

Year Publication
2018 Andini, V; Rao, S (2018) 'Logistic Modeling of University Choice among Student Migrants to Karnataka for Higher Education' .
2018 Rao, S (2018) 'Effect of Foreign Institutional Investors on Corporate Board Attributes: A Literature Review' 2 (2) :24-29.

Conference Contribution

Year Publication
2021 Roy, P., Rao, S., Marshall, A., & Thapa, C. (2021) Edinburgh-Shanghai Management Conference on Environment and Climate Change & The 9th SIIFC International Conference Extreme rainfall and Institutional Investor behavior Edinburgh, .
2021 Roy, P., Rao, S., & Zhu, M (2021) 2021 FMA Annual Meeting CSR Expenditure and Stock Liquidity Denver, USA, .
2021 Roy, P., Rao, S., & Zhu, M. (2021) 37th International Conference of the French Finance Association Mandatory CSR Expenditure and Stock Market Liquidity Nantes, France, .
2021 Roy, P., Rao, S., & Zhu, M. (2021) Southern Finance Association Annual Meeting Mandatory CSR Expenditure and Stock Market Liquidity Florida, USA, .
2021 Koirala, S., Rao, S., Farag, H., & Marshall, A. (2021) SFiC Sustainable Financial Innovation Centre Annual Conference The market for corporate control and firm risk-taking: A cross-country analysis Birmingham, UK, .
2020 Aldhawyan, S., Paudyal, K., Rao, S., & Thapa, C (2020) The Academy of International Business Annual meeting Immigration fear-induced populism and cross-border acquisitions Florida, United States of America, .
2020 Aldhawyan, S., Paudyal, K., Rao, S., & Thapa, C (2020) Academy of International Business (AIB): U.S. West Chapter 2020 Annual Conference Immigration Fear-Induced Populism and Cross-Border Acquisitions San Diego, USA, .
2020 Marshall, A., Rao, S., Roy, P., & Thapa, C. (2020) Southern Finance Association Annual Meeting Corporate social responsibility and Foreign Institutional Investors heterogeneity USA, .
2020 Koirala, S., Rao, S., Farag, H., & Marshall, A. (2020) Boca Corporate Finance and Governance Conference The market for corporate control and firm risk-taking: A cross-country analysis Florida, United States of America, .
2020 Marshall, A., Rao, S., Roy, P., & Thapa, C. (2020) 50th FMA Annual Meeting Corporate social responsibility and Foreign Institutional Investors heterogeneity New York, United States of America, .
2019 Thapa, C., Rao, S., Farag, H., & Koirala, S (2019) FMA Annual Meeting Access to internal capital, creditor rights, & corporate borrowing New Orleans, United States of America, .
2018 Thapa, C., Rao, S., Farag, H., & Koirala, S (2018) IFABS Chile Conference Access to internal capital, creditor rights, & corporate borrowing Santiago, Chile, .

Other Publication

Year Publication
2022 Kumar, S.; Rao, S.; Goyal, K.; Goyal, N. (2022) Journal of Behavioral and Experimental Finance: A bibliometric overview. [Link] https://doi.org/10.1016/j.jbef.2022.100652
Certain data included herein are derived from the © Web of Science (2024) of Clarivate. All rights reserved.

Honors and Awards

Date Title Awarding Body
01/01/2017 Commonwealth Scholarship Government of UK
01/01/2008 Reuters Living FAST Recognition Award Thomson Reuters

Reviews

Journal Role
Review of Accounting and Finance Editor
Journal of Corporate Finance Reviewer
British Journal of Management Reviewer
International Review of Financial Analysis Reviewer
Emerging Markets Review Reviewer
Economic Modelling Reviewer
European Journal of Finance Reviewer
Journal of Economic Surveys Reviewer

Enterprise Engagement

Year Engagement Type Client Description
2023 Invited talk/presentation N. L. Dalmia Institute of Management Studies and Research, Thane, India - Keynote speaker at the International Conference on Management (17 Feb 2023), N. L. Dalmia Institute of Management Studies and Research, Thane, India on the topic of "Challenges and Opportunities for Entrepreneurship and Business growth".
2023 Invited talk/presentation Ganpat University, Gujarat, India Guest speaker at the 15th GCeMP2K23 conference on the theme of Economic Growth Drivers for Industry 5.O (I5.O): Analytics & Automation, Innovation, Manufacturing & Logistics and Social Inclusion, at Ganpat University, Gujarat, India, on the topic of “Climate change, Emissions trading and Carbon Sequestration”
2023 Invited talk/presentation Vinod Gupta School of Management, IIT Kharagpur, India Guest speaker at the 9th Management Doctoral Colloquium (MDC), Vinod Gupta School of Management, IIT Kharagpur, India, on the topic of “Climate change Risk: Impact on Financial markets and Corporations.”
2023 Invited talk/presentation Malaviya National Institute of Technology, India Guest speaker at the Sustainability Ambassador Program at Malaviya National Institute of Technology Jaipur (An Institute of National Importance fully funded by Ministry of HRD, Govt. of India), Department of Management Studies, Jaipur, India, on the topic of “Sustainable Finance: An overview and current practices.”
2022 Invited talk/presentation University of Birmingham, Singapore, on the topic of “Sustainable Finance.”
2022 Invited talk/presentation Kathmandu University School of Management, Nepal on the topic of ESG & Sustainable Finance
2022 Invited talk/presentation Ramaiah Institute of Management, Bengaluru, India on the topic of Sustainable Finance
2021 Invited talk/presentation Malaviya National Institute of Technology, Jaipur, India Invited speaker on Sustainable Finance at Sustainability Ambassador Program sponsored by TEQIP III, January 4-8, 2021at Department of Management Studies, Malaviya National Institute of Technology Jaipur (AnInstitute of National Importance fully funded by Ministry of HRD, Govt. of India).

Media

Title Year Type Authors
How extreme weather events affect financial market 2022 Newspaper article (online) Sandeep Rao

Research Interests

Corporate Finance, Sustainable Finance, Climate Change, Higher Education

Current Postgraduate Students

Student Name Degree Supervision
Kumar ,Anand PhD Supervisor

Teaching Interests

Corporate Finance & Sustainable Finance.