Chittagong Independent University

Chittagong Independent University

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Dr. Emon Kalyan Chowdhury

  • Associate Professor, CIU Business School

  • 880-31- 611262, 636484, Ext: 302
  • emonkalyanchy@ciu.edu.bd
  • Room: 3209, 1st Floor, CIU Business School, Chittagong Independent Univeristy

Dr. Emon Kalyan Chowdhury is an Associate Professor in Accounting and Head of the Department of Accounting at Chittagong Independent University. He joined CIU on 1 September 2017. Earlier he worked as an Assistant Professor & Chair of Accounting Department at Premier University. He was in charge of implementing a Higher Education Quality Enhancement Project (HEQEP) financed by the World Bank, monitored by the University Grants Commission of Bangladesh and the Ministry of Education to enhance quality of education at tertiary level. He is also Chair of BBA Program of CIU Business School. Dr. Chowdhury’s research interests span empirical accounting and finance. His research interest includes but are not limited to stock market risk, stock return and volatility spillover, capital asset pricing model, stock valuation, sustainability and integrated reporting, environmental accounting, inflation accounting and international accounting. He received BBA and MBA degrees from the Department of Accounting, University of Chittagong. He earned another MBA degree in Finance and HRM from MP Birla Institute of Management, University of Bangalore, India under the ICCR Govt. of India Scholarship Scheme. He earned a Ph.D. degree from the Department of Accounting, University of Chittagong. Dr. Chowdhury has presented a number of seminar papers at home and abroad. He is a Reviewer for renowned publishers such Emerald and Springer. He also examines Ph.D. theses of different foreign universities.

  • Doctor of Philosophy
    Department of Accounting, University of Chittagong
    Thesis title: A Study on Stock Market Risk-Chittagong Stock Exchange Perspective
    October, 2016
  • Master of Business Administration
    Major in Finance & Human Resource Management
    MP Birla Institute of Management, University of Bangalore, India
    July, 2009
  • Master of Business Administration
    Major in Accounting & Information Systems, University of Chittagong
    May, 2007
  • Bachelor of Business Administration
    Major in Accounting & Information Systems, University of Chittagong
    August, 2006

  • Associate Professor
    CIU Business School, Chittagong Independent University, Chattogram, Bangladesh
    1 September, 2018 to till date
  • Assistant Professor
    CIU Business School, Chittagong Independent University, Chattogram, Bangladesh
    1 September, 2017 to 31 August 2018
  • Assistant Professor
    Department of Accounting, Premier University, Chattogram, Bangladesh
    14 October, 2014 to 31 August, 2017
  • Lecturer
    Department of Accounting, Premier University, Chattogram, Bangladesh
    7 October, 2009 to 13 October 2014

  • Additional Director
    Institutional Quality Assurance Cell (IQAC), CIU
    1 July 2020 till date
  • Director
    Centre for Excellence in Teaching and Learning, Chittagong Independent University,
    1 January 2020 to 30 June 2020
  • Head
    Department of Accounting, CIU Business School, Chittagong Independent University
    1 July 2018 to till date
  • Chairman
    BBA Program, CIU Business School, Chittagong Independent University
    1 July 2018 to till date
  • Chairman
    Self-Assessment Committee, Quality Assurance Unit of UGC at CIU
    1 July 2018 to till date
  • Sub-Project Manager
    Higher Education Quality Enhancement Project (HEQEP), University Grants Commission of Bangladesh, Financed by The World Bank and Govt. of Bangladesh.
    1 July, 2014 to 31 October, 2016
  • Chairman
    Department of Accounting, Premier University
    18 July, 2016 to 31 August, 2017
  • Assistant Proctor
    Premier University
    May, 2010 to 31 August, 2017
  • Associate Member
    Self-Assessment Committee, Quality Assurance Unit of UGC at Premier University
    February, 2017 to 31 August, 2017

Working paper
  • Impact of Russia-Ukraine War on the Stock Market Volatility- A Global Perspective
  • Retrospective effect of Cryptocurrency and Stock Market Prices during Russia-Ukraine War.
  • Interlink between Cryptocurrency and Uncertainty Index.
Under Review
  • Role of Financial Inclusion in the Economic Development of India, Bangladesh and Pakistan.
  • Impact of Covid-19 on the Household Income Level in Bangladesh
  • Financial Performance Analysis of Private Commercial Banks- A Bangladesh Perspective
  • Financial Accounting in the Era of Blockchain- A Paradigm Shift from Double Entry to Triple Entry System
  • Impact of First and Second Waves of Covid-19 Pandemic on the Stock Market - A US Perspective
  • Integration of Artificial Intelligence Technology in Management Accounting Information System- An Empirical Study
  • Accounting in the Era of Blockchain
  • Determinants of Capital Structure in Banking Sector-A Bangladesh Perspective
Accepted
    Empirical Research on the Relationship amongst Renewable Energy Consumption, Foreign Direct Investment and Economic Growth in South Asia. Journal of Energy Markets.
    [Scopus, Web of Science, IF: 0.50]
Published
Scholarly Articles
  • E. K., Dhar, B. K.,Thanakijsombat, T., & Stasi, A. (2022). Strategies to determinethe determinants of financial performance of conventional andIslamic commercial banks: Evidence from Bangladesh. BusinessStrategy & Development, 1–19. https://doi.org/10.1002/bsd2.207
    [ESCI, SSCI, Scopus, ABDC, Web of Science, IF: 2.27]
  • Chowdhury, E. K., Dhar, B. K., & Stasi, A. (2022). Volatility of the US stock market and business strategy during COVID-19. Business Strategy & Development, 1–11. https://doi.org/10.1002/bsd2.203
    [ESCI, SSCI, Scopus, ABDC, Web of Science, IF: 2.27]
  • Chowdhury, E. K., Dhar, B. K., Gazi, M., & Issa, A. (2022). Impact of Remittance on Economic Progress: Evidence from Low-Income Asian Frontier Countries. Journal of the Knowledge Economy, 1-26. https://doi.org/10.1007/s13132-022-00898-y
    [SSCI, Scopus, ABDC, Web of Science, IF: 3.088]
  • Chowdhury, E. K., Abdullah, M. N., &Tooheen, R. B. (2021). Role of information and communication technology in economic progress and increasing demand for renewable energy: evidence from China and India. Asian Journal of Technology Innovation, 29(2), 1-21.https://doi.org/10.1080/19761597.2021.1961090
    [SSCI, Scopus, ABDC, Web of Science, IF: 1.655]
  • Chowdhury, E. K(2021). Influence Financial Performance of Commercial Banks? Evidence from Bangladesh, South Asian Journal of Management,28(1), 59-77
    [ABDC, UGC-CARE]
  • Chowdhury EK, Khan II, Dhar BK. (2021). Catastrophic impact of Covid-19 on the global stock markets and economic activities. Business Society Review, 00, 1–24. https://doi.org/10.1111/basr.12219
    [ESCI, SSCI, Scopus, ABDC, Web of Science, IF: 0.63]
  • Chowdhury, E.K. (2020). Volatility in Cryptocurrency Market–Before and During Covid-19 Pandemic. CIU Journal, 3(1), 69-86. Chittagong Independent University.
  • Chowdhury, E.K. (2020). Non-Performing Loans in Bangladesh: Bank Specific and Macroeconomic Effects, Journal of Business Administration, 41(2), 108-125. University of Dhaka
  • Chowdhury, E.K. (2020). Catastrophic Impact of Covid-19 on Tourism Sector in Bangladesh: An Event Study Approach, The Cost and Management , 48(4), 43-52. The Institute of Cost and Management Accountants of Bangladesh
  • Chowdhury, E.K. (2020). Is Capital Market Integration among the SAARC Countries Feasible? An Empirical Study, Eurasian Journal of Business and Economics, 13(25), 21-36. https://doi.org/10.17015/ejbe.2020.025.02
  • Chowdhury, E.K. (2019). An Empirical Study of Volatility in Chittagong Stock Exchange, CIU Journal, 2 (1), 19-38. Chittagong Independent University.
  • Chowdhury, E.K. (2019). Transformation of Business Model through Blockchain Technology, The Cost and Management, 47(5), 4-9. The Institute of Cost and Management Accountants of Bangladesh.
  • Chowdhury, E.K. (2018). Does Foreign Direct Investment Stimulate Economic Progress of a Developing Country? Empirical Evidence from Bangladesh, CIU Journal, 1 (1), 71-86. Chittagong Independent University
  • Chowdhury, E.K., & Rozario, S. O. (2018). Impact of Attitude and Awareness of Investors on their Investment Behavior- A Study on Bangladesh Stock Market, The Bangladesh Accountant, July-September, 81-89. The Institute of Chartered Accountants of Bangladesh.
  • Chowdhury, E.K. (2018). An Assessment of Return Spillover Among Selected Stock Markets in SAARC Countries, South Asian Journal of Management, 25 (1), 51-63. Association of Management Development Institutions in South Asia.
  • Chowdhury, E. K. (2017). Functioning of Fama-French Three- Factor Model in Emerging Stock Markets: An Empirical Study on Chittagong Stock Exchange, Bangladesh. Journal of Financial Risk Management, 6(4), 352-363. https://doi.org/10.4236/jfrm.2017.64025
  • Chowdhury, E, K., & Islam, A. (2017). Role of Foreign Direct Investment in the Stock Market Development of Bangladesh- A Cointegration and VAR Approach, The Bangladesh Accountant, April-June, 2017, 63-74. The Institute of Chartered Accountants of Bangladesh.
  • Chowdhury, E. K., & Nahar, S. (2017). Perceptions of Accountants toward Sustainability Development Practices in Bangladesh. Journal of Management and Sustainability,7(3), 112-119. doi:10.5539/jms.v7n3p112
  • Chowdhury, E. K., (2017). Measuring the Effect of Macroeconomic Variables on the Stock Market Return: Evidence from Chittagong Stock Exchange. AU-International e-Journal of Interdisciplinary Research, 2(2), 1-10.
  • Chowdhury, E. K., & Chowdhury, R. (2017). Online Shopping in Bangladesh: A Study on the Motivational Factors for Ecommerce that Influence Shopper’s Affirmative Tendency towards Online Shopping. South Asian Journal of Marketing & Management Research, 7(4). 20-35.
  • Chowdhury, E. K. (2016). Investment Behavior: A Study on Working Women in Chittagong, Premier Critical Perspective, 2 (1). 95-109.
  • Chowdhury, M.R.A., Chowdhury, E. K., & Chowdhury, T. U. (2015). Application of Capital Asset Pricing Model: Empirical Evidences from Chittagong Stock Exchange. The Cost & Management, 43(03), 38-44
  • Chowdhury, E. K., & Chowdhury, G. M. (2014). Applicability of Prediction Techniques in the Stock Market-A Chittagong Stock Exchange Perspective, International Journal of Advanced Information Science and Technology, 32(32), 126-136, DOI:10.15693/ijaist/2014.v3i12.124-134
  • Chowdhury, E. K., & Reza, T. (2013). Diagnostic Study on Interactive Ads and Its Response towards the FM Radio, International Journal of Research in Commerce, IT & Management, 3(2), 36-41
  • Chowdhury, E. K., & Begum. R. (2012). Reward Management as Motivational Tool in Various Industries in Bangladesh: An empirical study, International Journal of Contemporary Business Studies, 3(11), 22-34
  • Chowdhury, E. K. (2012). The Impact of Merger on Shareholders' Wealth, International Journal of Applied Research in Business Administration and Economics, 1(2), 27-32
  • Chowdhury, E. K. (2012). Impact of Bank Lending Rate on Inflation in Bangladesh, Journal of Politics & Governance, 1 (1), 5-13
  • Chowdhury, M.R.A., & Chowdhury, E. K. (2010). Estimation of Stock Market Risk-A Value at Risk Approach, The Cost & Management, 38(4), 22-27
Book Chapter
  • Chowdhury, E. K. (2021). Prospects and challenges of using artificial intelligence in the audit process. In The Essentials of Machine Learning in Finance and Accounting (pp. 139-155). Routledge, eBook ISBN: 9781003037903.
Non-Referred Journals
  • Chowdhury, E.K. (2021). Impact of Cryptocurrency Market on the Performance of Stock Ma-An Empirical Study,Portfolio, Chittagong Stock Exchange, July-September, 8-15
  • Chowdhury, E.K. (2021). Influence of Macroeconomic Factors on the Stock Returns-A Bangladesh Perspective,Portfolio, Chittagong Stock Exchange, July-September, 8-15.
  • Chowdhury, E.K. (2021). Trade-off between Fundamental and Technical Analysis,Portfolio, Chittagong Stock Exchange, April-June, 16-20.
  • Chowdhury, E.K. (2021). Sukuk in Bangladesh-Overview, Prospects and Challenges Portfolio, Chittagong Stock Exchange, January-March, 14-20.
  • Chowdhury, E.K. (2020). Impact of Covid-19 on Stock Volatility-A Bangladesh Perspective Portfolio, Chittagong Stock Exchange, July-September, 16-20.
  • Chowdhury, E.K. (2020). Is Your Portfolio Free from Coronavirus? Portfolio, Chittagong Stock Exchange, January-March, 21-24.
  • Chowdhury, E.K. (2019). Use of Artificial Intelligence in Stock Trading, Portfolio, Chittagong Stock Exchange, October-December, 17-20
  • Chowdhury, E.K. (2019). Impact of Blockchain on Stock Market, Portfolio, Chittagong Stock Exchange, July-September, 21-26.
  • Chowdhury, E.K. (2019). Investor Sentiment and Stock Return: Evidence from Chittagong Stock Exchange, Portfolio, Chittagong Stock Exchange, April-June, 15-22
  • Islam, A., & Chowdhury, E. K. (2015). Investors’ Attitude toward Stock Market Risk-A Chittagong Perspective. Portfolio, Chittagong Stock Exchange, Special Issue, 58-73.
Web Magazine
  • Chowdhury, EK (2020). India’s NRC, CAA may take Bangladesh closer to China, Asian Regional Review, Diverse Asia, Seoul National University Asia Center, 3(2).
General Interests
  • Chowdhury, E.K. (2022). Indexed Based Investment Strategy, Bazar Parikroma, Chittagong Stock Exchange PLC, April 2022, 13-19.
  • Chowdhury, E.K. (2022). Impact of War on the Stock Market,Bazar Parikroma, Chittagong Stock Exchange, March 2022, 7-12.
  • Chowdhury, E.K. (2022). Financial Liberty and Stock Market,Bazar Parikroma, Chittagong Stock Exchange, February 2022, 12-16.
  • Chowdhury, E.K. (2022). Role of Stock Market in the Economic Development,Bazar Parikroma, Chittagong Stock Exchange, January 2022, 12-16.
  • Chowdhury, E.K. (2021). Commodity Market & Bangladesh Perspective, Bazar Parikroma, Chittagong Stock Exchange, December 2021, 12-16.
  • Chowdhury, E.K. (2021).Use of Deep Learning in Predicting Share Price Movement, Bazar Parikroma, Chittagong Stock Exchange, November 2021, 7-10.
  • Chowdhury, E.K. (2021). Support and Resistance in Technical Analysis, Bazar Parikroma, Chittagong Stock Exchange, October 2021, 12-15.
  • Chowdhury, E.K. (2021).Role of Financial Inclusion in the Economic Development of Bangladesh, Bazar Parikroma, Chittagong Stock Exchange, September 2021, 11-16.
  • Chowdhury, E.K. (2021). Techniques to Become A Successful Stock Market Investor, Bazar Parikroma, Chittagong Stock Exchange, August 2021, 12-16.
  • Chowdhury, E.K. (2021). The Role of MACD in Stock Market Investment Decision, Bazar Parikroma, Chittagong Stock Exchange, July 2021, 12-16.
  • Chowdhury, E.K. (2021). Relative Strength Index-Nature & Usage, Bazar Parikroma, Chittagong Stock Exchange, June 2021, 7-10.
  • Chowdhury, E.K. (2021). Use of Machine Learning in Stock Market Investment Decisions, Bazar Parikroma, Chittagong Stock Exchange, May 2021, 12-16.
  • Chowdhury, E.K. (2021).Investment Strategy during Economic Crisis, Bazar Parikroma, Chittagong Stock Exchange, April 2021, 11-16.
  • Chowdhury, E.K. (2021). Sukuk Islamic Bonds in Bangladesh- A New Investment Avenue, Bazar Parikroma, Chittagong Stock Exchange, March 2021, 7-10.
  • Chowdhury, E.K. (2021). Role of Price-Earnings Ratio in the Stock Market Investment Decision, Bazar Parikroma, Chittagong Stock Exchange, February 2021, 11-14.
  • Chowdhury, E.K. (2021). What is Financial Statement? Role of FS in taking investment decision, Bazar Parikroma, Chittagong Stock Exchange, January 2021, 11-14.
  • Chowdhury, E.K. (2020). How to Construct Profitable Stock Portfolio During Covid-19 Period, Bazar Parikroma, Chittagong Stock Exchange, December 2020, 11-14.
  • Chowdhury, E.K. (2020), Investment Strategy-A Pyramid Model Perspective, Bazar Parikroma, Chittagong Stock Exchange, November 2020, 11-14.
  • Chowdhury, E.K. (2020). Brief Introduction on Mutual Fund and Strategy to Invest in Mutual Fund, Bazar Parikroma, Chittagong Stock Exchange, October 2020, 11-14.
  • Chowdhury, E.K. (2020). Role of Financial Inclusion in the Economic Development of Bangladesh, Bazar Parikroma, Chittagong Stock Exchange, September 2020, 11-16.
  • Chowdhury, E.K. (2020). Role of Stock Market in Financing Infrastructural Development Projects, Bazar Parikroma, Chittagong Stock Exchange, July 2020, 7-9.
  • Chowdhury, E.K. (2020). Impact of Covid-19 on Economy and Stock Market, Bazar Parikroma, Chittagong Stock Exchange, June 2020, 7-11.
  • Chowdhury, E. K. (2020). Why Should You Invest in Stock Market? Bazar Parikroma, Chittagong Stock Exchange, March 2020, 7-9.
  • Chowdhury, E.K. (2020). Impact of Emotion in Stock Market Investment, Bazar Parikroma, Chittagong Stock Exchange, February 2020, 7-9.
  • Chowdhury, E.K. (2020). Addiction for Stock Trading, Bazar Parikroma, Chittagong Stock Exchange, January 2020, 7-10.
  • Chowdhury, E.K. (2019). Long-term investment strategy in the stock market, Bazar Parikroma, Chittagong Stock Exchange, December 2019, 7-11.
  • Chowdhury, E.K. (2019). Suggestions for investing in stock market for beginners, Bazar Parikroma, Chittagong Stock Exchange, November 2019, 10-14.
  • Chowdhury, E.K. (2019). Overview on Fintech, Bazar Parikroma, Chittagong Stock Exchange, October 2019, 10-12.
  • Chowdhury, E.K. (2019). Is Blockchain Going to Transform the Traditional Stock Market? Bazar Parikroma, Chittagong Stock Exchange, September 2019, 12-14.
  • Chowdhury, E.K. (2019). Credit Rating - What and Why, Bazar Parikroma, Chittagong Stock Exchange, August 2019, 7-11.
  • Islam, A., & Chowdhury, E. K. (2017). Exchange Traded Fund (ETF) in Bangladesh, Bazar Parikroma, Chittagong Stock Exchange, July-2017, 13-15.
Cases
  • Chowdhury, E. K. (2016). Parallel Imported Products: A Threat to Legal Products, Business Cases, Premier University. 1(1), 38-42

  • Presented a keynote paper entitled “Impact of Blockchain Technology on Business”at Continuing Professional Development Program organized by The Institute of Cost and Management Accountants of Bangladesh on 18 January, 2019, Chittagong, Bangladesh
  • Presented a keynote paper entitled “Forensic Accounting-A Bangladesh Perspective and Instruments for Fraud Prevention”at Continuing Professional Development Program organized by The Institute of Cost and Management Accountants of Bangladesh on 11 May, 2018, Chittagong, Bangladesh
  • Conducted daylong training for the employees of Bangladesh Steel Re-rolling Mills (BSRM) entitled “Financial Management for Non-Financial Executives” jointly organized by Chittagong Independent University and BSRM on 31 July, 2017
  • Presented a paper entitled “Examining the Nature of Volatility of Chittagong Stock Exchange” at “Bangkok 25th International Conference on Business, Economics, Social Science, & Humanities-BESSH-2016” organized by Academic Forum on 13-14 June, 2016 at Bangkok, Thailand
  • Presented a paper entitled “Value Based Management: an approach to maximize shareholder value” at Continuing Professional Development Program organized by The Institute of Cost and Management Accountants of Bangladesh on 28 March, 2015, Chittagong, Bangladesh

  • First position in MBA
    among international scholars at MP Birla Institute of Management, India in 2009
  • Indian Council for Cultural Relations (ICCR)Fellowship
    to pursue MBA in Bangalore, India in 2007
  • First position in MBA
    at Department of Accounting, University of Chittagong in 2007
  • Second position in BBA
    at Department of Accounting, University of Chittagong in 2006
  • Chittagong University Merit Scholarship
    for outstanding result in MBA, University of Chittagong in 2006
  • Chittagong University Merit Scholarship
    for outstanding result in BBA, University of Chittagong in 2005
  • First position in Entrance Test
    Unit C, Faculty of Business Administration, University of Chittagong in 1999

Reviewer
  • Qualitative Research in Financial Markets, Emerald Group Publishing , UK since 2016.
  • Journal of Global Entrepreneurship Research, Springer Open, UK since 2016.
Chief Editor
  • Modernizing Teaching-Learning Capabilities in the Faculty of Business Studies, A publication of HEQEP Project in 2016.
Assistant Editor
  • Premier Critical Perspective, A Journal of Premier University in 2016.
Member Secretary
  • Business Cases, A publication of Faculty of Business Studies, Premier University in 2015
Editorial Board Member
  • Journal of Asia Business Studies, Emerald Group Publishing , UK in 2015
Chief Editor
  • Business Administration Festival, Premier University in 2010
Adjunct Faculty
  • Chittagong Independent University from Summer 2011 to Spring 2017
  • The Institute of Bankers, Bangladesh Bank since December, 2016

  • Case Method
    Faculty of Business Studies, Premier University in 2015
  • Procurement
    Jointly provided by The World Bank and Higher Education Quality Enhancement Project, University Grants Commission of Bangladesh in 2014
  • Statistical Package for Social Sciences (SPSS) and Econometric Views E-Views Department of Accounting, University of Chittagong in 2012
  • Tally 9.ERP (A financial accounting software)
    Tally Academy, Bangalore, India in 2008
  • Stock Market Volatility
    Jointly provided by The World Bank and Higher Education Quality Enhancement Project, University Grants Commission of Bangladesh in 2014
  • Sanctioning Loan and its Recovery Process
    Dhaka Bank Limited in 2008
  • Internet Trading Systems
    Chittagong Stock Exchange Limited in 2007

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