Imlak Shaikh

Professor


+91-124-4560297
[email protected]

Profile

Prof. Imlak Shaikh is an accomplished academic and researcher in Accounting and Finance, currently serving as Professor at the Management Development Institute (MDI), Gurgaon, India. He served as the Chairperson of the School of Management of Financial Institutions (SoMFI) at MDI Gurgaon. He holds a Ph.D. in Finance from the Indian Institute of Technology (IIT) Bombay, where his doctoral research on implied volatility in the Indian derivatives market earned him the prestigious Ph.D. Thesis Excellence Award at IIT Bombay’s 53rd Convocation. Prof. Shaikh also holds an MBA (Banking & Finance), M.Phil. (Banking), M.Com., and B.Com. with specialization in Statistics, and is a Gold Medalist in M.Com. He has qualified UGC-NET and JRF in both Commerce and Management. With over two decades of teaching and research experience, Prof. Shaikh has taught at premier institutions including BITS Pilani, IIM Kashipur, IIM Nagpur, and IIM Rohtak. His teaching interests span quantitative finance, financial derivatives, applied econometrics, risk management, and accounting. Prof. Shaikh is a highly published scholar and appears in World's Top 2% Scientists published by Stanford University (Elsevier), with an extensive portfolio of research articles in leading ABDC-listed, Scopus- and SSCI-indexed international journals, covering areas such as financial market volatility, policy uncertainty, sustainable finance, ESG, banking performance, cryptocurrencies, and environmental finance. Several of his works have appeared in top-tier journals like Energy Economics, Applied Economics, Journal of Environmental Management, Resources Policy, and North American Journal of Economic and Finance, and Evaluation Review and so on. He has also served as Guest Editor of Special issues, Ph.D. supervisor, and principal investigator in sponsored research projects, and has received institutional recognition for Excellence in Research at MDI Gurgaon. Prof. Shaikh actively contributes to academia through doctoral mentoring, executive education, and policy-relevant research in finance and sustainability.

Publications:

Sapra, N., Shaikh, I., & Roubaud, D. (2026). Unraveling environmental threads: Bitcoin prices, energy consumption, and crypto market volatility. Energy Economics.

Sarma, A. P., Muniyoor, K., & Shaikh, I. (2025). Nexus between remittance inflows and carbon emissions: Evidence from lower-middle-income countries. Applied Economics, 1–17.

Shaikh, I., Kaushal, L. A., & Vallabh, P. (2025). The impact of economic sanctions and war-related uncertainty on oil market volatility: Evidence from the Russia-Ukraine war. American Business Review, 28(2), 3.

Srivastava, M. K., Dash, A., & Shaikh, I. (2025). Funding innovation and risk: A grey-based startup investment decision. Evaluation Review, 49(2), 304–342.

Tripathy, A. K., & Shaikh, I. (2025). Variability in sustainability reporting: A multicountry study. Journal of Environmental Management, 373, 123851.

Sapra, N., Shaikh, I., Roubaud, D., Asadi, M., & Grebinevych, O. (2024). Uncovering Bitcoin's electricity consumption relationships with volatility and price: Environmental repercussions. Journal of Environmental Management, 356, 120528.

Gupta, A. K., & Shaikh, I. (2024). Sustainable supplier selection criteria for HVAC manufacturing firms: A multi-dimensional perspective using the Delphi–fuzzy AHP method. Logistics, 8(4), 103.

Tripathy, A. K., Shaikh, I., & Bisht, N. S. (2024). Flag of convenience and the tragedy of the commons in maritime transportation. Marine Pollution Bulletin, 208, 117034.

Sapra, N., & Shaikh, I. (2023). Impact of Bitcoin mining and crypto market determinants on Bitcoin-based energy consumption. Managerial Finance, 49(11), 1828–1846.

Sapra, N., Shaikh, I., & Dash, A. (2023). Impact of proof-of-work (PoW)-based blockchain applications on the environment: A systematic review and research agenda. Journal of Risk and Financial Management, 16(4), 218.

Yadav, P., & Shaikh, I. (2023). Measuring financial resilience with consumer sentiment data from India. International Journal of Bank Marketing, 41(5), 1083–1103.

Shaikh, I., & Vallabh, P. (2023). Impact of policy uncertainty on gold price in India: Evidence from MCX India and World Gold Council prices. Applied Economics, 56(32), 3837–3855.

Anwar, M., & Shaikh, I. (2022). Digital bank transactions and performance of the Indian banking sector. Applied Economics, 55(8), 839–852.

Shaikh, I., & Vallabh, P. (2022). Monetary policy uncertainty and gold price in India: Evidence from RBI MPC review. Resources Policy, 76, 102642.

Shaikh, I. (2022). Environmental, social, and governance (ESG) practice and firm performance: An international evidence. Journal of Business Economics and Management, 23(1), 218–237.

Shaikh, I. (2021). On the relation between crude oil market and pandemic COVID-19. European Journal of Management and Business Economics, 30(3), 331–356.

Rai, S., Chabot, M., Bertrand, J.-L., & Shaikh, I. (2021). Indian banking industry: A new evidence from a profitability perspective. Business: Theory and Practice, 22, 349–360.

Rai, S., & Shaikh, I. (2021). Private investment performance across life cycles. Applied Economics, 53, 1935–1951.

Shaikh, I. (2021). Impact of COVID-19 pandemic on the energy markets. Economic Change and Restructuring.

Shaikh, I. (2021). Impact of COVID-19 pandemic disease outbreak on global equity markets. Economic Research-Ekonomska Istrazivanja, 34, 2317–2336.

Shaikh, I., & Huynh, T. L. D. (2021). Impact of disease outbreak news on financial markets. Journal of Economic Studies.

Naik, P. K., Shaikh, I., & Huynh, T. L. D. (2021). Institutional investments and volatility amid COVID-19. Economic Research-Ekonomska Istrazivanja.

Shaikh, I. (2021). Policy uncertainty and sustainable investing. Journal of Modelling in Management.

Shaikh, I. (2021). Pandemic news and commodity markets. Resources Policy, 72.

Shaikh, I. (2020). Policy uncertainty and Bitcoin returns. Borsa Istanbul Review, 20, 257–268.

Shaikh, I. (2020). Policy uncertainty and financial markets. Journal of Business Economics and Management, 21, 1350–1374.

Shaikh, I. (2019). Terrorism and Indian securities market. Economic Research-Ekonomska Istrazivanja, 32, 1744–1764.

Shaikh, I. (2019). Volatility index and crude oil prices. Engineering Economics, 30, 556–566.

Shaikh, I. (2019). U.S. presidential election and investor sentiment. SAGE Open, 9.

Shaikh, I. (2019). Economic policy uncertainty and volatility index. Sustainability, 11.

Tiwari, A., Patro, A., & Shaikh, I. (2019). Risk aversion and insurance demand. Journal of Electronic Commerce in Organizations, 17, 1–15.

Tiwari, A., Patro, A., & Shaikh, I. (2019). ICT platforms and insurance consumption. Review of Economics and Finance, 15, 81–95.

Shaikh, I. (2017). U.S. presidential election and financial markets. North American Journal of Economics and Finance, 42, 546–563.

Shaikh, I., & Padhi, P. (2016). Volatility index and equity returns. Journal of Economic Studies, 43, 27–47.

Shaikh, I., & Singh, S. (2016). Out-of-pocket health expenditure. Journal of Health Management, 18, 625–637.

Shaikh, I., & Padhi, P. (2015). Implied volatility index behavior. Business: Theory and Practice, 16, 149–158.

Shaikh, I., & Padhi, P. (2015). Investor fear gauge. Borsa Istanbul Review, 15, 44–52.

Shaikh, I., & Padhi, P. (2015). Market efficiency from option prices. Transition Studies Review, 22, 69–88.

Padhi, P., & Shaikh, I. (2014). Implied and realized volatility. Journal of Business Economics and Management, 15, 915–934.

Shaikh, I., & Padhi, P. (2014). Stylized volatility patterns. Journal of Indian Business Research, 6, 231–254.

Shaikh, I., & Padhi, P. (2014). Forecasting performance of volatility index. Economic Change and Restructuring, 47, 251–274.

Shaikh, I., & Padhi, P. (2013). Volatility linkages. Global Business Review, 14, 487–505.

Shaikh, I., & Padhi, P. (2013). Macroeconomic announcements and volatility. Margin, 7, 417–442.