P Saravanan

Finance and Accounting

Ph.D (Bharathiar University, Coimbatore)

+91 431 250 5063

psn@iimtrichy.ac.in

Dr.P.Saravanan is currently Professor in the area of Finance and Accounting. Before taking up this assignment he was briefly associated with central university of Tamilnadu as Professor and Dean, School of Commerce and Management. Prior to that he was a professor in IIM Shillong. His areas of interest are corporate finance, security analysis and portfolio management, corporate governance and project finance. He has published thirty six articles in the Indian and International Journals. Out of which twelve are in B and C category as per the Australian Business Deans Council (ABDC) classification. Six of his case studies on NSE and BSE listed companies such as Coromandel International Ltd., Premiere Explosives Ltd., Sathavahana Ispat Ltd., etc. were published by Ivey Business School and available in Harvard Business School case repository collection. He is a regular columnist in leading business newspapers like The Hindu Business Line, Financial Express and Mint. He has written three books in the area of accounting, statistics and financial management published by McGraw Hill and Oxford publishers. 
He is a member in the reviewer’s panel of a Journal Corporate Governance – An International Review -Blackwell publishing co and member in the Editorial Board of the Global Finance - International Journal published by Australian Finance Association. He has evaluated and adjudicated sixty Ph.D Theses in the field of Management, Humanities and Social Science and Commerce as the Chairman of the panel of examiners for the institutions such as IIT-Madras, IIM Indore, Birla Institute of Technology, Pilani, JNTU, Hyderabad, Visvesvaraya Technological University, Karnataka, University of Madras, Osmania University, Hyderabad, Madurai Kamaraj University, etc. 
He conducted around hundred corporate training programme on topics such as finance for medical professionals, corporate governance, project finance and data analytics and his client list includes UNDP-India Office, LIC, Oil India Corporation, Indian Oil Corporation, HDFC Bank, North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences and leading state and central public sector undertakings across the country. His consulting client list includes Ministry of Commerce, Ministry of Corporate Affairs, Department of Public Sector Enterprise, Government of India; Department of food civil supplies and consumer affairs, Government of Assam; Department of Police, Government of Meghalaya, Department of commerce and Industries, Governments of Meghalaya, Assam, Sikkim, Tripura, Mizoram, Manipur, Nagaland, etc. He is a member of the American Finance Association, Financial Management Association International and American Accounting Association. 
He is also a visiting professor to IIM Indore, IIM Ranchi, IIM Rohtak, XLRI, Jamshedpur, etc. His teaching feedback ranges from 3.75 to 4.90 out of 5 across all programmes.

Palanisamy Saravanan (with Prasad et al) | Year – 2019

Does Corporate Governance Influence the Working Capital Management of firms: Evidence from India - International Journal of Corporate Governance -2019, Volume 10 Issue (1), 42-80 

Financial Accounting, Corporate Finance, Investment Analysis and Portfolio Management. For FPM research scholars, Accounting Theory and Empirical Research
Finance for Non-Finance Executives and Finance for Medical Professionals 
Research papers published during the last three years:
  • Compensation of Top Brass, Corporate Governance and Performance of the Indian Family Firms – An Empirical Study – Social Responsibility Journal, Vol.13, Issue 3, 2017 (with Maram Srikanth and Suhas Avabruth)  https://www.emeraldinsight.com/doi/full/10.1108/SRJ-03-2016-0048
  • Performance Implications of Board Size and Activity: Empirical Evidence from the Indian Banking Sector – Corporate Governance: The International Journal of Business and Society, Vol.17, No.3, 2017 (with Manas Mayur) https://www.emeraldinsight.com/doi/full/10.1108/CG-03-2016-0058
  • Executive Compensation, Firm Performance and Corporate Governance: Evidence from India, International Journal of Corporate Governance, Vol.7, No.4, 2016 (with Maram Srikanth and Suhas Avabruth)              http://www.inderscience.com/info/inarticle.php?artid=82351
  • Director Network Resources and Firm Performance: Evidence from Indian Corporate Governance Reforms – Asian Business and Management, Vo.15, No.3, 2016 (with Tara Shankar Shaw and James J Cordeiro) https://link.springer.com/article/10.1057/s41291-016-0003-1
  • Gold Monetization Scheme – Will it meet with success? – Economic and Political WeeklyVol.50, Issue No.45, 07 Nov, 2015 (with Maram Srikanth and Suhas Avabruth) http://www.epw.in/journal/2015/45/web-exclusives/gold-monetization-scheme.html 0=ip_login_no_cache%3D3ac1282379c7b71902d0b840c44327ab
Case studies published during the last three years:
  • Nava Bharat: Energy Solutions for India (with Maram Srikanth) Ivey Publishing No. 9B17N017 https://hbsp.harvard.edu/product/W17479-PDF-ENG?itemFindingMethod=Search
  • Coromandel: Enhancement of Short-Term Finance (with Maram Srikanth and Tara Shankar Shaw) Ivey Publishing No.9B16N006   https://hbsp.harvard.edu/product/W16066-PDF-ENG?itemFindingMethod=Search
  • Covalent: Term Loan for Expansion and Modernization (with Maram Srikanth) Ivey Publishing No.9B15N009 https://hbsp.harvard.edu/product/W15241-PDF-ENG?itemFindingMethod=Search
  • Premier Explosives: Finance for Organic Growth (with Maram Srikanth) Ivey Publishing No. 9B16N001 https://hbsp.harvard.edu/product/W16078-PDF-ENG?itemFindingMethod=Search
  • Sathavahana: Strategies for Financial Turnaround (with Maram Srikanth and Tara Shankar Shaw) Ivey Publishing No.9B15N036 https://hbsp.harvard.edu/product/W15622-PDF-ENG?itemFindingMethod=Search
Research grants received during last three years:
  • Received a Research Grant of Rs.18,00,000/- from ICSSR, Ministry of Human Resources Development, Government of India for the research work titled, "Effectiveness of Independent Directors in the Board of Directors-An Empirical Investigation of Indian Firms” (with Tara Shankar Shaw, Gourav Vallabh and Srikanth)
  • Awarded a Research Grant of Rs.5,00,000/- by NFCG - administered through CII, New Delhi and Ministry of Corporate Affairs for conducting a research on Are Directors Concerned about their Reputation? – Evidence from Indian Firms(with Tara Shankar Shaw)
  • Awarded a Research Grant of Rs.4,00,000/- by NFCG - administered through CII, New Delhi and Ministry of Corporate Affairs for conducting a research on Role of Independent Directors-Enhancing or Otherwise of the Shareholders Wealth – An Empirical Investigation (with Tara Shankar Shaw)
Awards and Prizes:
  • Awarded first prize, cash award and citation under the Prize Award scheme in Finance, Accounts & Taxation Discipline for my article published in The Chartered Secretary Journal, published by the Institute of Company Secretaries of India, Delhi
  • Awarded the FDP Silver Jubilee Research Fellowship from IIM-Ahmedabad
  • Received Best Paper Award for one of my paper (with N.Sivasankaran) on Enhancing Shareholder Value Through Efficient Working Capital Management in the International Research Conference organised by JBIMS, Mumbai during 4-5th March, 2015
Institutional Building Activities:
  • Chief Vigilance Officer (CVO) in IIM Shillong (2015-2018)
  • Chairperson, Fellow Programme in Management (FPM) equivalent to Ph.D Programme (2013-15)
  • Chairperson, Management Development Programme (MDP) - 2011-2013 (Generated revenue to the tune of more than Rs.100 lakhs and organised programme for various new clients including Oil India Limited, Life Insurance Corporation Ltd., and other Central PSUS through Ministry of Heavy Industries and Public Enterprises, Government of India.)
  • Chairperson, Finance and Accounting Area (2015-18)
  • Member Board of Governors, Member Finance Committee of IIM Shillong.
  • Member in various committees of IIM Shillong including Salary Fixation Committee, Recruitment Committee, Purchase Committee amongst others.
  • PGP Chairman and Chairperson – Accounting and Finance Area at Goa Institute of Management
  • Chairperson - Library Resource Centre (LRC) committee at Goa Institute of Management for one term
  • Member of the Admission Committee at Goa Institute of Management
  • Steering Committee Member for setting up of IMT Campus in Dubai and played a lead role.

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