Professor Sumon Bhaumik

Management School

Honorary Professor

s.k.bhaumik@sheffield.ac.uk

Full contact details

Professor Sumon Bhaumik
Management School
ºù«Ӱҵ University Management School
Conduit Road
ºù«Ӱҵ
S10 1FL
Profile
Sumon Bhaumik is an Honorary Professor at ºù«Ӱҵ University Management School. Until recently, he had a Chair in Finance at the Management School, and was the Head of the Accounting and Financial Management subject group. During his eleven year tenure at the university, he served on the Senate as an elected member, on the Senate’s Research and Innovation Committee, and on the Council Finance Committee. He continues to represent the university on the Trade and Sustainable Development Domestic Advisory Group (TSD DAG) that has been set up by the Department of Business and Trade.
 
He has a PhD in Economics from the University of Southern California, and his research cuts across Economics, Finance/Corporate Governance, and International Business. He has published in journals such as Strategic Management Journal, Journal of International Business Studies, Journal of World Business, Journal of Corporate Finance, British Journal of Management, Journal of Development Economics, Journal of Banking & Finance, and Journal of Comparative Economics. He has also served on the editorial and editorial review boards of Journal of International Business Studies, Journal of World Business, and British Journal of Management, among others. He was a member of Sub-panel 17 for REF2021.
 
Details about his research and professional experience can be found on his
 
Research interests

His research interests are wide ranging, and include corporate governance and firm performance, banks and credit markets, and impact of economic (including financial sector) reforms. He has published widely, including in high profile journals such as Strategic Management Journal, Journal of International Business Studies, Journal of World Business, Journal of Development Economics, Journal of Banking & Finance, Journal of Corporate Finance, and Journal of Comparative Economics. As of May 2020, his research had over 4500 citations on Google Scholar Citations, and over 1700 citations on Scopus. In the past decade, he has also worked on a number of projects funded by British Academy, DfID, ESRC, NESTA, UKIERI and UKTI. Over the past decade, he has led European and inter-continental research consortiums for DfID-ESRC and Horizon 2020 funding calls.

Sumon’s research has largely focused on the following areas:

  1. Ownership, corporate governance, and firm performance
  2. Multinational enterprises and internationalisation of firms
  3. Banks and credit markets

His more recent research, however, is exploring issues such as role of institutions, and the nature of governance on a larger scale.

Research group

Centre for Research into Accounting and Finance in Context (CRAFiC)

Grants
Title/DescriptionAwarding bodyDatesPeople involvedAmount
UKIERI Trilateral Research GrantUKIERI2013-15Professor Ali Kutan (SIUE), Dr Manisha Chakrabarty (IIMC), Dr Ekta Selarka (MSE)£47,803
Enterprise Research CentreEconomic and Social Research Council (ESRC)2013-15Professor Stephen Roper (Warwick), Professor Mark Hart (Aston), Professor Jim Love (Aston), Professor Mike Wright (Imperial) et al.£2.9 million
Productivity and its drivers in the UK and comparable developed countriesESRC Placement Fellowship with BIS2009-10None£33,600
Teaching activities

Sumon has taught three modules at the management school.

The MSc module on Risk and Uncertainty focuses on organisations which continually face uncertainty regarding various aspects of the environment in which they operate and a myriad of risks associated with various aspects of their businesses. This module discusses the behavioural aspects of economic agents that shape their attitude towards risk and the weaknesses of risk management processes within corporations. It also discusses the process of managing uncertainty through the creation and management of a portfolio of (real) options and the process of managing different types of risks to which businesses are exposed. In the case of the latter, the emphasis is not only on ways to manage risks but also on limits of risk management strategies. Specific examples and cases are used to add context to the discussion about managing uncertainty and risk. This is, however, not a module about financial derivatives.

The MSc module on Emerging Markets Finance discusses the rationale and process of financial liberalisation in emerging market economies, emphasising the challenges associated with striking the balance between liberalisation of the financial sector to enhance allocational efficiency of financial resources and regulations to mitigate market failure and systemic risk. Lectures focus on the characteristics of underdeveloped financial markets and the political economy of financial reforms/liberalisation. They also focus on issues such as information and transactions costs and market failures, and their implications for the development of banking sectors and capital markets in emerging market economies. The insurance industry is discussed as well. Finally, there are a series of lectures on capital flows and banking-currency crises in emerging market economies

The MBA module on Global Managerial Economics focuses on the analysis of factors that affect strategic decisions and performance of firms from an economic perspective. There is particular emphasis on decision-making under conditions of uncertainty, estimation of actual and latent demand for a product, strategic interactions with competitors, designing of contracts in an environment of imperfect (asymmetric) information, the role of transactions cost in influencing key strategic decisions involving both domestic and international operations of firms, and the nature of dynamic capabilities. Finally, there is discussion about the factors that influence the regulatory and macroeconomic contexts in which firms operate, including the relevance of interconnectedness of economies for domestic macroeconomic and regulatory environments.

The overall satisfaction levels of students with his modules are as follows:

Course/ModuleLevel2014-152015-162016-172017-182018-192019-20
Risk and UncertaintyPG4.54.54.64.54.7 
Emerging Markets FinancePG4.44.74.64.54.7 
Global Managerial EconomicsMBA   3.84.34.5
Professional activities and memberships

Editorial work

  • Editorial Review Board Member, Journal of World Business (Elsevier)
  • Editorial Review Board Member, Journal of International Business Studies (Palgrave)
  • Editorial Board Member, Social Sciences and Humanities Open (Elsevier)

Research Fellowships

  • Research Fellow, IZA – Institute of Labor Economics, Bonn, Germany
  • Fellow, Global Labor Organization