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Brief Profile
Prof. Saswat is a faculty member in the Finance Department. He has over eight years of experience across top management institutes in India and abroad. He holds a doctoral degree from the Indian Institute of Management, Bangalore. He also holds an MBA from IMT Ghaziabad, with a major in Finance, and a Bachelor's degree in Computer Science. His expertise lies at the intersection of Finance, statistics, and Econometrics. He is also interested in Machine Learning applications in Finance and recent advances in Climate Finance. His research has been published in leading international journals (ABDC-A*/A category) including Energy Economics, European Journal of Finance, Global Finance Journal and others. He has been invited by various national and international universities, including the International University of Sarajevo, University of Freiburg, and National Institute of Bank Management-Pune, to present his research. He has taught several MBA and doctoral-level courses, including Corporate Finance, Financial Analytics, Asset Pricing and Financial Econometrics. His classes are among the most sought-after by the students and consistently rated among the best.
Achievements and Research Interest/Area of Research Interests
- Financial Econometrics
- Quantitative Finance
- Commodity Markets
- Energy Finance
- Risk Management
Courses Taught
- Asset Pricing
- Financial Analytics
- Financial Econometrics
- Corporate Finance
Intellectual Contributions (Publications)
Journal Articles-Refereed
- Patra, S., & Singh, A. (2025). The Impact of Financial Stress and Equity Market Uncertainty on Cryptocurrencies under structural breaks, International Review of Economics and Finance, ABDC-A, IF-7.6, CiteScore-8.3
- Patra, S., & Malik, K. (2025). Return and Volatility Connectedness among Latin American Markets: A QVAR approach with implications for hedging and portfolio diversification, Global Finance Journal, ABDC-A, IF-5.2, CiteScore-10.2
- Patra, S., & Gupta, N. (2025). Unravelling the Volume-Volatility Nexus in Cryptos under structural breaks using fat-tailed distributions: Implications for Market Efficiency, The European Journal of Finance, ABS-3*, ABDC-A, IF-3.8, CiteScore-7.3.
- Patra, S., & Malik, K. (2024). Can oil act as a safe-haven asset during financial turmoil? Examining the impact of Financial Stress and Equity Market Uncertainty on crude oil prices, Accounting and Finance, ABDC-A, IF-2.6, CiteScore-5.4
- Patra, S., & Bhattacharyya, M. (2024). Charting the Unknown: First Passage Time Probabilities for Pearson Diffusion Process and Application to Options Risk Management. American Business Review, 27(2), 10. ABDC-A.
- Patra, S. (2024). An Empirical Analysis of the Volume-Volatility Nexus in Crude Oil Markets under structural breaks: Implications for forecasting, International Review of Economics and Finance, 94, 103434, ABDC-A, IF-7.6, CiteScore-8.3
- Patra, S., & Gupta, N. (2023). Risk in the cryptocurrency markets: the role of structural breaks and fat-tailed distributions in estimating value-at-risk and expected shortfall. The European Journal of Finance, 1-21, ABS-3*, ABDC-A, IF-3.8, CiteScore-7.3.
- Patra, S. (2021). Revisiting Value-at-Risk and Expected Shortfall in Oil Markets under Structural Breaks: The Role of Fat-Tailed Distributions, Energy Economics, 101, 105452, ABDC-A*, IF-13.5, CiteScore-21.8
- Patra, S., & Panda, P. (2021). Spillovers and financial integration in emerging markets: Analysis of BRICS economies within a VAR-BEKK framework. International Journal of Finance & Economics, 26(1), 493-514. ABS-3*, IF-3.7, CiteScore-9.0
- Patra, S., & Bhattacharyya, M. (2021). Does volume really matter? A risk management perspective using cross-country evidence. International Journal of Finance & Economics, 26(1), 118-135. ABS-3*, IF-3.7, Citescore-9.0
- Patra, S., & Bhattacharyya, M. (2020). How Risky Are the Options? A Comparison with the Underlying Stock Using MaxVaR as a Risk Measure. Risks, 8(3), 76, ABDC-B, Scopus-Q2, IF-1.8, CiteScore-4.5
Paper Presentations-Refereed
- How Precious are they? Re-examining the safe-haven properties of precious metals under financial stress and equity market uncertainty using the novel NARDL approach, World Finance Conference, University of Cyprus, Nicosia, Aug 2024
- The Impact of Financial Stress and Equity Market Uncertainty on Cryptocurrencies under structural breaks, Multinational Finance Society, University of Vaasa, June 2024
- Navigating the Carbon Markets: Optimal strategy for industrial emission allowance procurement, Commodities and Energy Market Association, Boston University, June 2024
- Estimating the tail risk in the European day-ahead electricity markets: Assessing the impact of structural breaks and fat-tailed distributions, Energy Finance Italia, University of Bari, 2024.
- Unravelling the Volume-Volatility Nexus in Cryptos under structural breaks using fat-tailed distributions: Implications for Market Efficiency, Cardiff Business School, Nov-2023.
- Risk in the cryptocurrency markets: The role of structural breaks and fat-tailed distributions in estimating value-at-risk and expected shortfall, World Finance Conference (WFC) 2022.
- Revisiting Value-at-Risk and Expected Shortfall in Oil Markets under Structural Breaks: The Role of Fat-Tailed Distributions, International Risk Management Conference (IRMC) 2020
- Reexamining the Volume-Volatility Nexus in Oil Markets with Structural Breaks: A Risk Management Perspective, 3rd ICDE & 14th ISDSI Conference 2020, IIM Raipur
- The impact of Volume on Volatility and Value-at-Risk: Evidence from major stock exchanges around the world with Prof. Malay Bhattacharyya, International Finance and Banking Society (IFABS) Annual Conference 2016, June 1-3, Barcelona.
- A novel non-linear Value-at-Risk method for Options: The use of Pearson’s TypeIV distribution with Prof. Malay Bhattacharyya, Multinational Finance Society (MFS) Annual Conference 2016, June 26-29, Stockholm
- The impact of Volume on Volatility and Value-at-Risk: Evidence from major stock exchanges around the world with Prof. Malay Bhattacharyya, Southern Finance Association (SFA), Annual Conference 2016, November 16-19, Florida (Selected but not Presented)
- First Passage Time Probabilities of Pearson Diffusion Process with Application to Options with Prof. Malay Bhattacharyya, Conference on Excellence in Education and Research (CERE) 2017, May 4-7, IIM-Indore (Adjudged the Best Paper Award)
Other Professional Activities
Co-Ordinating/Organizing Workshop/Conferences /MDPS
MDPs Conducted/Organized
- Corporate Finance for RBI Academy
- Data Science for Business Decisions
- Business Analytics Certificate Program (Open)
- Fintech and Blockchain Certificate Program (Open)
Contribution Towards Institution Building/ Development/ Services such as Chairperson (Placement) Etc.
Administrative Positions
- Program Director-MSc Finance, Queen’s Business School, QUB (GIFT CITY Campus), Jan 2026-Aug 2026
- Program Director-MSc Financial Analytics, Queen’s Business School, QUB (GIFT CITY Campus), Jan 2026-Aug 2026
- Director, Central Examinations, SPJIMR, Oct 2019-Apr 2023
- Project Lead, Business Analytics Specialisation, SPJIMR, July 2021-Jan 2023
Invited to Deliver Keynote Addresses/ Speeches
Invited Talks/Seminars
- Estimating the tail risk in the European day-ahead electricity markets: Assessing the impact of structural breaks and fat-tailed distributions, National Institute of Bank Management, Pune, Sep 2024
- Estimating the tail risk in the European day-ahead electricity markets: Assessing the impact of structural breaks and fat-tailed distributions, International Management Institute, Bhubaneswar, May 2024
Membership of Professional Bodies
- British Accounting and Finance Association (BAFA)
- Accounting and Finance Association of Australia and New Zealand (AFAANZ)
- Commodity and Energy Markets Association (CEMA)
- Italian Econometric Association (SIdE)
Reviewer/Referee in Journals/ Conferences etc
- Energy Economics
- The European Journal of Finance
- International Review of Financial Analysis
- International Review of Economics and Finance
- Applied Economics
- International Journal of Finance and Economics
Visiting Faculty
- University of Freiburg
- Queen's University Belfast