Dr Suman Neupane-Joshi
Senior Lecturer in Finance
School of Business
+61 7 334 68067
Room 304A, Colin Clark Building, St. Lucia Campus
Researcher biography
Suman is a senior lecturer in Finance. He holds a PhD (Finance) from Cranfield University, United Kingdom.
Suman's research interests include environmental finance, investor behaviour, initial public offerings (IPOs), emerging markets finance, and corporate governance. Suman's research has been published in the Journal of Corporate Finance, Journal of Banking and Finance, Journal of International Financial Markets Institutions and Money, and British Journal of Management. He has also been a recipient of several international, national, and internal grants including grants from the National Stock Exchange (NSE) of India. Suman received Pro Vice Chancellor's Research Excellence Award in the early career research category in 2016. He has presented his papers at national and international conferences.
Suman is currently the postgraduate coordinator for the finance PhD program. He currently teaches Advanced Studies in Finance (FINM4401) and Corporate Finance (FINM7402).
Journal Articles
Fan, Zhebin and Neupane, Suman (2024). Investor horizon, experience, and the disposition effect. Journal of Behavioral and Experimental Finance, 44 101003, 1-15. doi: 10.1016/j.jbef.2024.101003
Neupane, Suman, Fan, Zhebin, Yanes Sanchez, Daniel and Neupane, Biwesh (2024). Diverse investor reactions to the COVID-19 Pandemic: insights from an emerging market. Journal of International Financial Markets, Institutions and Money, 93 102000. doi: 10.1016/j.intfin.2024.102000
Neupane, Biwesh, Thapa, Chandra, Marshall, Andrew, Neupane, Suman and Shrestha, Chaman (2024). Do foreign institutional investors improve board monitoring?. Journal of International Financial Markets, Institutions and Money, 91 101962, 101962. doi: 10.1016/j.intfin.2024.101962
Zhang, Zikai and Neupane, Suman (2024). Global IPO underpricing during the Covid-19 pandemic: The impact of firm fundamentals, financial intermediaries, and global factors. International Review of Financial Analysis, 91 102954, 1-16. doi: 10.1016/j.irfa.2023.102954
Neupane, Suman, Thapa, Chandra and Vithanage, Kulunu (2023). Context-specific experience and institutional investors’ performance. Journal of Banking and Finance, 149 106786, 106786. doi: 10.1016/j.jbankfin.2023.106786
Li, Wenquan, Neupane-Joshi, Suman and Tan, Kelvin Jui Keng (2022). Toxic emissions and corporate green innovation. SSRN Electronic Journal, 1-82. doi: 10.2139/ssrn.4113290
Marshall, Andrew, Farag, Hisham, Neupane, Biwesh, Neupane, Suman and Thapa, Chandra (2022). Tax threat and the disruptive market power of foreign portfolio investors. British Journal of Management, 33 (3), 1468-1498. doi: 10.1111/1467-8551.12541
Rao, Sandeep, Koirala, Santosh, Thapa, Chandra and Neupane, Suman (2022). When rain matters! Investments and value relevance. Journal of Corporate Finance, 73 101827, 101827. doi: 10.1016/j.jcorpfin.2020.101827
Liu, Lewis, Neupane, Suman and Zhang, Lei (2022). Firm location effect on underwriting, subscription, and underpricing: evidence from IPOs in China. Economic Modelling, 108 105778, 1-17. doi: 10.1016/j.econmod.2022.105778
Neupane, Biwesh, Thapa, Chandra, Marshall, Andrew and Neupane, Suman (2021). Mimicking insider trades. Journal of Corporate Finance, 68 101940, 101940. doi: 10.1016/j.jcorpfin.2021.101940
Bhatta, Bibek, Marshall, Andrew, Neupane, Suman and Thapa, Chandra (2021). Foreign ownership and the enforcement of corporate governance reforms. Review of Quantitative Finance and Accounting, 58 (2), 541-580. doi: 10.1007/s11156-021-01002-2
Koirala, Santosh, Marshall, Andrew, Neupane, Suman and Thapa, Chandra (2020). Corporate governance reform and risk-taking: evidence from a quasi-natural experiment in an emerging market. Journal of Corporate Finance, 61 101396, 101396. doi: 10.1016/j.jcorpfin.2018.08.007
Wadhwa, Kavita, Neupane, Suman and Syamala, Sudhakara Reddy (2019). Do group-affiliated firms time their equity offerings?. Pacific-Basin Finance Journal, 54, 73-92. doi: 10.1016/j.pacfin.2019.02.004
Kwabi, Frank O., Thapa, Chandra, Paudyal, Krishna and Neupane, Suman (2019). Suboptimal international equity portfolio diversification and stock market development. Review of Quantitative Finance and Accounting, 54 (1), 389-412. doi: 10.1007/s11156-019-00793-9
Neupane, Suman, Marshall, Andrew, Paudyal, Krishna and Thapa, Chandra (2017). Do investors flip less in bookbuilding than in auction IPOs?. Journal of Corporate Finance, 47, 253-268. doi: 10.1016/j.jcorpfin.2017.09.015
Rumokoy, Lawren J., Neupane, Suman, Chung, Richard Y. and Vithanage, Kulunu (2017). Underwriter network structure and political connections in the Chinese IPO market. Pacific Basin Finance Journal, 54, 199-214. doi: 10.1016/j.pacfin.2017.10.005
Neupane, Suman, Rhee, S. Ghon, Vithanage, Kulunu and Veeraraghavan, Madhu (2017). Trade-based manipulation: beyond the prosecuted cases. Journal of Corporate Finance, 42, 115-130. doi: 10.1016/j.jcorpfin.2016.11.011
Neupane, Suman and Neupane, Biwesh (2017). Board structure and institutional ownership at the time of IPO. Managerial Finance, 43 (9), 950-965. doi: 10.1108/MF-07-2016-0187
Vithanage, Kulunu, Neupane, Suman and Chung, Richard (2016). Multiple lead underwriting syndicate and IPO pricing. International Review of Financial Analysis, 48, 193-208. doi: 10.1016/j.irfa.2016.10.001
Neupane, Suman, Neupane, Biwesh, Paudyal, Krishna and Thapa, Chandra (2016). Domestic and foreign institutional investors' investment in IPOs. Pacific-Basin Finance Journal, 39, 197-210. doi: 10.1016/j.pacfin.2016.06.011
Thapa, Chandra, Neupane, Suman and Marshall, Andrew (2016). Market liquidity risks of foreign exchange derivatives and cross-country equity portfolio allocations. Journal of Multinational Financial Management, 34, 46-64. doi: 10.1016/j.mulfin.2016.01.001
Neupane, Suman, Paudyal, Krishna and Thapa, Chandra (2014). Firm quality or market sentiment: what matters more for IPO investors?. Journal of Banking & Finance, 44 (1), 207-218. doi: 10.1016/j.jbankfin.2014.04.010
Thapa, Chandra, Paudyal, Krishna and Neupane, Suman (2013). Access to information and international portfolio allocation. Journal of Banking & Finance, 37 (7), 2255-2267. doi: 10.1016/j.jbankfin.2013.01.011
Neupane, Suman and Thapa, Chandra (2013). Underwriter reputation and the underwriter-investor relationship in IPO markets. Journal of International Financial Markets Institutions & Money, 24 (1), 105-126. doi: 10.1016/j.intfin.2012.11.005
Neupane, Suman and Poshakwale, Sunil S. (2012). Transparency in IPO mechanism: retail investors' participation, IPO pricing and returns. Journal of Banking and Finance, 36 (7), 2064-2076. doi: 10.1016/j.jbankfin.2012.03.010
Venkatesh, Sunder and Neupane, Suman (2005). Does ownership structure effect IPO underpricing: Evidence from Thai IPOs. Corporate Ownership and Control, 3 (2 A), 106-115. doi: 10.22495/cocv3i2p11
Data Collection
Fan, Zhebin and Neupane-Joshi, Suman (2022). Disposition effect - RBUS7993. The University of Queensland. (Dataset) doi: 10.48610/e7fb614