Suman is a senior lecturer in Finance. He holds a PhD (Finance) from Cranfield University, United Kingdom.
Suman’s research interests include climate finance, investor behaviour, initial public offerings (IPOs), emerging markets finance, and corporate governance. Suman’s research has been published in the Journal of Corporate Finance, Journal of Banking and Finance, Journal of International Financial Markets Institutions and Money, and British Journal of Management. He has also been a recipient of several international, national, and internal grants including grants from the National Stock Exchange (NSE) of India. Suman received Pro Vice Chancellor’s Research Excellence Award in the early career research category in 2016. He has presented his papers at national and international conferences.
Suman is currently the postgraduate coordinator for the finance PhD program. He currently teaches corporate finance honours (FINM6401) and corporate finance (FINM7402).
Journal Article: Global IPO underpricing during the Covid-19 pandemic: The impact of firm fundamentals, financial intermediaries, and global factors
Zhang, Zikai and Neupane, Suman (2024). Global IPO underpricing during the Covid-19 pandemic: The impact of firm fundamentals, financial intermediaries, and global factors. International Review of Financial Analysis, 91 102954, 102954. doi: 10.1016/j.irfa.2023.102954
Journal Article: Context-specific experience and institutional investors’ performance
Neupane, Suman, Thapa, Chandra and Vithanage, Kulunu (2023). Context-specific experience and institutional investors’ performance. Journal of Banking and Finance, 149 106786, 106786. doi: 10.1016/j.jbankfin.2023.106786
Journal Article: Toxic emissions and corporate green innovation
Li, Wenquan, Neupane-Joshi, Suman and Tan, Kelvin Jui Keng (2022). Toxic emissions and corporate green innovation. SSRN Electronic Journal, 1-82. doi: 10.2139/ssrn.4113290
International Evidence on the Relationship between Telecommunication Infrastructure and IPO Underpricing
Doctor Philosophy
Essays on environmental finance
Doctor Philosophy
Technology Spillovers, Information Environment, and Corporate Outcomes
Doctor Philosophy
Zhang, Zikai and Neupane, Suman (2024). Global IPO underpricing during the Covid-19 pandemic: The impact of firm fundamentals, financial intermediaries, and global factors. International Review of Financial Analysis, 91 102954, 102954. doi: 10.1016/j.irfa.2023.102954
Context-specific experience and institutional investors’ performance
Neupane, Suman, Thapa, Chandra and Vithanage, Kulunu (2023). Context-specific experience and institutional investors’ performance. Journal of Banking and Finance, 149 106786, 106786. doi: 10.1016/j.jbankfin.2023.106786
Toxic emissions and corporate green innovation
Li, Wenquan, Neupane-Joshi, Suman and Tan, Kelvin Jui Keng (2022). Toxic emissions and corporate green innovation. SSRN Electronic Journal, 1-82. doi: 10.2139/ssrn.4113290
Tax threat and the disruptive market power of foreign portfolio investors
Marshall, Andrew, Farag, Hisham, Neupane, Biwesh, Neupane, Suman and Thapa, Chandra (2022). Tax threat and the disruptive market power of foreign portfolio investors. British Journal of Management, 33 (3), 1468-1498. doi: 10.1111/1467-8551.12541
When rain matters! Investments and value relevance
Rao, Sandeep, Koirala, Santosh, Thapa, Chandra and Neupane, Suman (2022). When rain matters! Investments and value relevance. Journal of Corporate Finance, 73 101827, 101827. doi: 10.1016/j.jcorpfin.2020.101827
Firm location effect on underwriting, subscription, and underpricing: evidence from IPOs in China
Liu, Lewis, Neupane, Suman and Zhang, Lei (2022). Firm location effect on underwriting, subscription, and underpricing: evidence from IPOs in China. Economic Modelling, 108 105778, 1-17. doi: 10.1016/j.econmod.2022.105778
Neupane, Biwesh, Thapa, Chandra, Marshall, Andrew and Neupane, Suman (2021). Mimicking insider trades. Journal of Corporate Finance, 68 101940, 101940. doi: 10.1016/j.jcorpfin.2021.101940
Foreign ownership and the enforcement of corporate governance reforms
Bhatta, Bibek, Marshall, Andrew, Neupane, Suman and Thapa, Chandra (2021). Foreign ownership and the enforcement of corporate governance reforms. Review of Quantitative Finance and Accounting, 58 (2), 541-580. doi: 10.1007/s11156-021-01002-2
Koirala, Santosh, Marshall, Andrew, Neupane, Suman and Thapa, Chandra (2020). Corporate governance reform and risk-taking: evidence from a quasi-natural experiment in an emerging market. Journal of Corporate Finance, 61 101396, 101396. doi: 10.1016/j.jcorpfin.2018.08.007
Do group-affiliated firms time their equity offerings?
Wadhwa, Kavita, Neupane, Suman and Syamala, Sudhakara Reddy (2019). Do group-affiliated firms time their equity offerings?. Pacific-Basin Finance Journal, 54, 73-92. doi: 10.1016/j.pacfin.2019.02.004
Suboptimal international equity portfolio diversification and stock market development
Kwabi, Frank O., Thapa, Chandra, Paudyal, Krishna and Neupane, Suman (2019). Suboptimal international equity portfolio diversification and stock market development. Review of Quantitative Finance and Accounting, 54 (1), 389-412. doi: 10.1007/s11156-019-00793-9
Do investors flip less in bookbuilding than in auction IPOs?
Neupane, Suman, Marshall, Andrew, Paudyal, Krishna and Thapa, Chandra (2017). Do investors flip less in bookbuilding than in auction IPOs?. Journal of Corporate Finance, 47, 253-268. doi: 10.1016/j.jcorpfin.2017.09.015
Underwriter network structure and political connections in the Chinese IPO market
Rumokoy, Lawren J., Neupane, Suman, Chung, Richard Y. and Vithanage, Kulunu (2017). Underwriter network structure and political connections in the Chinese IPO market. Pacific Basin Finance Journal, 54, 199-214. doi: 10.1016/j.pacfin.2017.10.005
Trade-based manipulation: beyond the prosecuted cases
Neupane, Suman, Rhee, S. Ghon, Vithanage, Kulunu and Veeraraghavan, Madhu (2017). Trade-based manipulation: beyond the prosecuted cases. Journal of Corporate Finance, 42, 115-130. doi: 10.1016/j.jcorpfin.2016.11.011
Board structure and institutional ownership at the time of IPO
Neupane, Suman and Neupane, Biwesh (2017). Board structure and institutional ownership at the time of IPO. Managerial Finance, 43 (9), 950-965. doi: 10.1108/MF-07-2016-0187
Multiple lead underwriting syndicate and IPO pricing
Vithanage, Kulunu, Neupane, Suman and Chung, Richard (2016). Multiple lead underwriting syndicate and IPO pricing. International Review of Financial Analysis, 48, 193-208. doi: 10.1016/j.irfa.2016.10.001
Domestic and foreign institutional investors' investment in IPOs
Neupane, Suman, Neupane, Biwesh, Paudyal, Krishna and Thapa, Chandra (2016). Domestic and foreign institutional investors' investment in IPOs. Pacific-Basin Finance Journal, 39, 197-210. doi: 10.1016/j.pacfin.2016.06.011
Thapa, Chandra, Neupane, Suman and Marshall, Andrew (2016). Market liquidity risks of foreign exchange derivatives and cross-country equity portfolio allocations. Journal of Multinational Financial Management, 34, 46-64. doi: 10.1016/j.mulfin.2016.01.001
Firm quality or market sentiment: what matters more for IPO investors?
Neupane, Suman, Paudyal, Krishna and Thapa, Chandra (2014). Firm quality or market sentiment: what matters more for IPO investors?. Journal of Banking & Finance, 44 (1), 207-218. doi: 10.1016/j.jbankfin.2014.04.010
Access to information and international portfolio allocation
Thapa, Chandra, Paudyal, Krishna and Neupane, Suman (2013). Access to information and international portfolio allocation. Journal of Banking & Finance, 37 (7), 2255-2267. doi: 10.1016/j.jbankfin.2013.01.011
Underwriter reputation and the underwriter-investor relationship in IPO markets
Neupane, Suman and Thapa, Chandra (2013). Underwriter reputation and the underwriter-investor relationship in IPO markets. Journal of International Financial Markets Institutions & Money, 24 (1), 105-126. doi: 10.1016/j.intfin.2012.11.005
Transparency in IPO mechanism: retail investors' participation, IPO pricing and returns
Neupane, Suman and Poshakwale, Sunil S. (2012). Transparency in IPO mechanism: retail investors' participation, IPO pricing and returns. Journal of Banking and Finance, 36 (7), 2064-2076. doi: 10.1016/j.jbankfin.2012.03.010
Does ownership structure effect IPO underpricing: Evidence from Thai IPOs
Venkatesh, Sunder and Neupane, Suman (2005). Does ownership structure effect IPO underpricing: Evidence from Thai IPOs. Corporate Ownership and Control, 3 (2 A), 106-115. doi: 10.22495/cocv3i2p11
Fan, Zhebin and Neupane-Joshi, Suman (2022). Disposition effect - RBUS7993. The University of Queensland. (Dataset) doi: 10.48610/e7fb614
International Evidence on the Relationship between Telecommunication Infrastructure and IPO Underpricing
Doctor Philosophy — Principal Advisor
Other advisors:
Essays on environmental finance
Doctor Philosophy — Principal Advisor
Other advisors:
Technology Spillovers, Information Environment, and Corporate Outcomes
Doctor Philosophy — Associate Advisor
Other advisors:
Climate Change and its impact on Indian Financial Markets
Doctor Philosophy — Associate Advisor
Other advisors: