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Dr. Manju Jayakumar

Dr. Manju Jayakumar

Dr. Manju Jayakumar

Assistant Professor

B.E, MBA, PhD (IIT Kharagpur)


Dr. Manju Jayakumar has a PhD in Management from Indian Institute of Technology Kharagpur, an MBA in Finance and BE in Computer Science Engineering from Anna University, Chennai. Being an experienced academic professional, she worked over a decade across various colleges in Bangalore and Chennai. With an outstanding academic record throughout, she managed to attain 16th rank in university during her MBA. Dr. Manju’s research interests include banking, investment, insurance, and venture capital. She uses both empirical and analytical methods in her research including data envelopment analysis, multiple regression, time series, panel data, and optimization. She has numerous research articles to her credit in refereed international journals that are Scopus-indexed and ABDC ranked such as Advances in Analytics and Applications, Journal of Economics and Business, and IIMB Management Review. She has presented papers in several national and international conferences including Global Finance Conference (GFC) New York chapter-2017 funded by SERB Women Excellence Research Grant (DST-India),

She has coordinated various academic activities including FDPs & MDPs such as MDP for Reserve Bank of India Middle Level Managers and Multi-variate Data Analysis @ IIT- Kharagpur in 2016, 2017, and 2018.

She believes in Benjamin Franklin’s learning thoughts,If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.”

  • S Dash, RP Pradhan, RP Maradana, K Gaurav, M Jayakumar (2020), “Impact of banking sector development on insurance market-growth nexus: the study of Eurozone countries”. Empirica Volume 47, pg. 205-24.3 (ABDC ranking C & Scopus-indexed- Q3)
  • RP Maradana, RP Pradhan, S Dash, DB Zaki, K Gaurav, M Jayakumar (2019), “Innovation and economic growth in European Economic Area countries: The Granger causality”, IIMB Management Review– 2019 volume 31, Issue 3. pg.268-282. (ABDC ranking B and Scopus-indexed- Q2)
  • M Jayakumar, RP Pradhan, D Chatterjee, AK Sarangi, S Dash, (2019) “Banking Competition and Banking Stability in SEM Countries: The Causal Nexus”. Laha A. (eds) Advances in Analytics and Applications. (IIMA) Springer Proceedings in Business and Economics. pg. 275-297. (Scopus-indexed)
  • M Jayakumar, RP Pradhan, S Dash, RP Maradana, K Gaurav, (2018) “Banking competition, banking stability, and economic growth: Are feedback effects at work?” Journal of Economics and Business. Volume 96, pg.15-41. (ABDC ranking B & Scopus-indexed- Q1)
  • S Dash, RP Pradhan, RP Maradana, K Gaurav, DB Zaki, M Jayakumar, (2018) “Insurance market penetration and economic growth in Eurozone countries: Time series evidence on causality”. Future Business Journal, Volume 4, Issue 1, pg. 50-667.
  • RP Pradhan, DB Zaki, R Maradana, S Dash, M Jayakumar (2018), “Development of banking sector and per-capita economic growth: The G-20 experience”, Finance India, Volume 32, Issue 4, pg.1265-1286.
  • S Dash, R Pradhan, M Jayakumar, K Gaurav, T Nath, A Sarangi, (2018) “Banking and Insurance Market Activities in Eurozone Countries: Are Feedback Effects at Work?”, Economía informa, Issue 411, pg. 58-83.
  • RP Pradhan, S Dash, RP Maradana, M Jayakumar, K Gaurav, (2017), “Insurance market density and economic growth in Eurozone countries: the granger causality approach”. Financial Innovation, Volume 3, Issue 1, pg.1-24. (ABDC ranking B & Scopus indexed- Q1)
  • RP Maradana, RP Pradhan, S Dash, K Gaurav, M Jayakumar, (2017). “Does innovation promote economic growth? Evidence from European countries”. Journal of Innovation and Entrepreneurship. Volume6, Issue 1, pg. 1-23. (Scopus-indexed- Q1)
  • RP Pradhan, RP Maradana, DB Zaki, S Dash, M Jayakumar, K Gaurav, (2017) “Venture Capital and Innovation: Evidence from European Economic Area Countries”. International Journal of Innovation and Technology Management. Volume 14, Issue 6, pg. 1750031.  (Scopus-indexed- Q2)
  • RP Pradhan, RP Maradana, S Dash, DB Zaki, K Gaurav, M Jayakumar (2017), “Venture capital, innovation activities, and economic growth: are feedback effects at work?” Innovation Organization & Management. Volume 19, Issue 2, pg. 189-207. (Scopus-indexed- Q3)
  • RP Pradhan, RP Maradana, DB Zaki, S Dash, M Jayakumar (2016), “Nexus between venture capital and economic growth in European economic area countries: The Granger causality approach”. The Journal of Developing Areas, Volume 50,Issue 6, pg. 1-6(Special Issue).
  • RP Pradhan, DB Zaki, RP Maradana, S Dash, M Jayakumar, D Chatterjee (2015), “Bond market development and economic growth: The G-20 experience”. TÉKHNE Review of Applied Management Studies Volume 13, Issue 1 pg. 51-65.

Corporate Finance


Conference Presentations

  • Presented a paper on “Does Market Structure Matter on Banking Competition- Economic Growth Nexus- An Analytics Approach,” in the 6th International conference on Business Analytics and Intelligence December 20-22, at IISC Bangalore in association with IIBM and Analytics society of India, Bangalore in 2018.
  • Presented a paper on “Banking Sector Development and Growth: Time Series Evidence on Causality” International conference on changing paradigms and Emerging Challenges on Statistical Science January 29-31, at Pondicherry University in conjunction with Society of Statistics, Computer and Application, Pondicherry in 2018.
  • Presented a paper on “Banking Competition, Banking Stability, and Economic Growth: Are Feedback Effects at Work?” in the 24th Annual Meeting of Global Finance Conference conducted May 4-6, 2017 at Hofstra University, Hempstead, NY, USA. Sponsored by Department of Science and Technology (SERB) India.
  • Presented a paper on “Does Banking competition granger cause Banking Stability The study in SEM countries” in 5th IIMA international conference on Advanced Data Analysis, Business Analytics and Intelligence, Ahmadabad in 2017.
  • Presented a paper on “Banking competition, Banking Stability and Economic Growth The causal nexus in European Countries” in the 49th Annual Convention of Operational Research Society of India (ORSI), in association with BIMTECH, Delhi in 2016.
  • Presented a paper on “Innovation and Economic Growth in Asian Tiger Cub Economies” in International Conference (ERSED-16) at Deira, Dubai in 2016.
  • Presented a paper on “Bank Competition and Financial Stability: A Review of Literature” in Management Doctoral Colloquium at IIT, Kharagpur in 2016.
  • Presented a poster on “Internet Diffusion and Economic Growth -The GMM Evidence” in 103rd Indian Science Congress to be hosted by University of Mysore in 2016.
  • Presented a paper on “The Effect of Insurance Market on Economic Growth: Evidence from System GMM Estimates” in 48th Annual Convention of Operational Research Society of India (ORSI), in association with SOAN University, Bhubaneswar in 2015.
  • Presented a paper on “Internet Broadband and Economic Growth-The GMM Evidence” in Second Regional International Telecommunication Society conference hosted by IIMA, Delhi in 2015.


  • Attended Faculty Development Program on “Innovative Approaches in Management Teaching” at IIM Kozhikode from Jan 13- 17, 2014.
  • Attended workshop at USA from June 10-15, 2013 “Exploring the best practices in Higher Education” conducted by International Forum for Excellence in Higher Education in various universities mentioned below:
    • -Syracuse University, Syracuse, New York
    • -Massachusetts Institute of Technology, Boston.
    • -Harvard Business School
    • -Lincoln University, Pennsylvania
    • -California University of Pennsylvania
  • Attended an FDP on    “Pedagogy       for       Management Curriculum”      at Administrative Management College, Bangalore.
  • Participated in the “Academic Leadership Programme” for engineering college faculty under VTU @ PESIT College. Bangalore.
  • Attended a workshop on “Operations Management” at Cambridge Institute of Technology. Bangalore.
  • Participated in the “Security Analysis and Portfolio Management” FDP at MS Ramaiah Institute of Technology. Bangalore.
  • Attended a workshop on Investment Analysis & Management” at RV College of Management Studies, Bangalore.