Banita Bissoondoyal-Bheenick

Professor Banita Bissoondoyal-Bheenick

Head of Department - Finance

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Contact details

COBL | Economics Finance & Marketing

Financial Markets and Sustainability Research Group

Email: banita.bissoondoyal-bheenick@rmit.edu.au

Phone: +61 39925 9578

Campus: Melbourne City

Programs

 Currently Lead all Finance Programs as Head of Dept

More information

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Profile photo of Banita Bissoondoyal-Bheenick smiling towards the camera against an out of focus background of a building and trees

Contact details

COBL | School of Economics, Finance & Marketing

Financial Markets and Sustainability Research Group

Email: banita.bissoondoyal-bheenick@rmit.edu.au

Phone: +61 39925 9578

Campus: Melbourne City

Programs

  Currently Lead all Finance Programs as Head of Department

More information

iD icon - ORCID

- Google Scholar

- LinkedIn

 - Scopus

 - ResearchGate

Professor Banita Bissoondoyal-Bheenick is currently the Head of Department - Finance and is an internationally recognised researcher in the field of financial markets and institutions.

Overview

Professor Banita Bissoondoyal-Bheenick is currently the Head of Department- Finance in the School of Economics, Finance and Marketing. She is an internationally recognised researcher in the field of financial markets and institutions and an experienced academic with nearly 20 years of extensive educational experience. She has successfully maintained her profile through significant contributions through several grants, quality publications and distinguished research outputs. 

She currently serves on committees and editorial boards, including the RMIT Philanthropic Investment Committee, College of Business and Law gender and Equity reference Group for careers, Women Research Network as well as she is the Associate Editor and Subject Editor of international finance journals including International Review of Financial Analysis, Global Finance Journal  and Journal of International Financial Markets, Money and Institutions.

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Industry experience

Industry Appointment

  • Australian Centre of Financial Studies: On Secondment at the research centre 2018 and advisory board

Industry Conferences presentations

  • 2018 - Melbourne Money and Finance Conference, ACFS
  • 2018 - Australian Centre for financial Studies: Industry Seminar: Paper Title: Risk Analysis of Investment Options
  • 2018 - Melbourne Money and Finance Conference, Industry Conference; Presenter of Superannuation Policies Paper and Discussant
  • 2017 - Australian Catholic Super – Board Presentation Investment Risk and Return and Option
  • 2017 - AIST Investment Workshop, Superannuation Trustee Professional development, Melbourne (October, December)
  • 2017 - AIST Investment Workshop, Sydney, (October, November)
  • 2017 - Self-Managed Super Funds National Conference, Melbourne, Presenter

Industry Keynote

  • 2017 - Australian Institute of Superannuation Trustee Super Investment (AIST) Conference (ASI Industry Conference): Paper Title: Long term Return and Risk of Superannuation Investment Options

Industry Partners (Current)

  • Q Group Australia- Partner for the RMIT Finance Symposium
  • CFA Melbourne Society: Partner for the RMIT Finance Symposium
  • Northern Trust Asset Management
  • Refinitiv: London Stock Exchange Group
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Research

She is an internationally recognised researcher in the field of financial markets and institutions. Her research focuses on important global issues, including investment risk, credit risk, sustainable investment and return and stock market volatility, which affect all aspects of society. She also research risks facing retirees associated with pension fund investments, with a particular focus on women. She continues working in the cross over between financial market research and superannuation research to create alternative ways to improve the performance and returns to individual investors. She is the Associate Editor and Subject Editor of international finance journals including International Review of Financial Analysis and Journal of International Financial Markets, Money and Institutions.

Research keywords

Investment, Risk and Return, Superannuation and Pension, Volatility and Cyber Risk in Stock Markets, Sustainable Finance and ESG, Credit Risk, Asset Pricing, Gender Gap

Research output summary

24

Publications

14

Grants

5

Awards

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Supervisor interest areas

  • Investment
  • Risk and Return
  • Superannuation and Pension
  • Volatility and Cyber Risk in Stock Markets
  • Sustainable Finance and ESG
  • Credit Risk
  • Asset Pricing
  • Gender Gap

Supervisor projects

  • Sentiment Index and Asset Pricing; Volatility and Energy ; ESG and Gender Gap

Feature publications

Exploiting the heteroskedasticity in measurement error to improve volatility predictions in oil and biofuel feedstock markets

86, Energy Economics, pp. 1-18

Bissoondoyal-Bheenick, E., Brooks, R., Do. H.D., and Smyth, R., (2020).

Learning from SARS: Return and volatility connectedness in COVID-19

41, Finance Research Letters

Bissoondoyal-Bheenick, E., Do. H.D., Hu, X., Zhong, A.., (2020).

Asymmetric relationship between order imbalance and realized volatility: Evidence from the Australian market

International Review of Economics and Finance, 62, pp. 309-320

Bissoondoyal-Bheenick, E., Brooks, R., and Do, H.X., (2019).

Key publications by year

Expand all sections

Book Chapters

  • Bissoondoyal-Bheenick, E., Brooks, R., and Do, H.X., 2021“Jump connectedness in the European foreign exchange market”, Advances in Econometrics, Operational Research, Data Science and Actuarial Studies - Techniques and Theories” (ISBN: 978-3-030-85253-5), Springer Publishing Group, Forthcoming chapter.
  • Volatility of the Spread: Analysis in the Foreign Exchange Market”, Risk Management in Emerging Markets: Issues, Framework and Modelling, Chapter 1, pp. 3-35, Emerald Group Publishing Ltd.

Other

  • 2021, The Conversation
    '5 tips to figure out if a tech company on the stock market is an ethical investment' 8 Feb 2021

Journal Publcations

  • Bissoondoyal-Bheenick, E., Do. H.D., Hu, X., Zhong, A.., 2020, “Learning from SARS: Return and volatility connectedness in COVID-19”, 41, Finance Research Letters.
  • Bissoondoyal-Bheenick, E., Brooks, R., Do. H.D., and Smyth, R., 2020“Exploiting the heteroskedasticity in measurement error to improve volatility predictions in oil and biofuel feedstock markets”, 86, Energy Economics, pp. 1-18

Other

  • 2020: Interview with Superguide
    'Investment Options and COVID' 13th August 2020

Journal Publications

  • Bissoondoyal-Bheenick, E., Brooks, R., and Do, H.X., 2019 “Asymmetric relationship between order imbalance and realized volatility: Evidence from the Australian market”, International Review of Economics and Finance,62, pp. 309-320.

Journal Publications

  • Bissoondoyal-Bheenick, E., Brooks, R., Chi, W., and Do, H.X., 2018 “Volatility spillover between the US, Chinese and Australian stock markets”, Australian Journal of Management, 43(2), pp. 263-285
  • Hill, P., Bissoondoyal-Bheenick, E., and Faff, R., 2018 “New evidence on sovereign to corporate credit rating spill-overs”, International Review of Financial Analysis, 55, pp.209-225.

Other

Other

Book Chapters

  • Bissoondoyal-Bheenick, E., Brooks, R., Treepongkaruna, S., and Wee Marvin., 2016. “Realized Volatility of the Spread: Analysis in the Foreign Exchange Market”, Risk Management in Emerging Markets: Issues, Framework and Modelling, Chapter 1, pp. 3-35, Emerald Group Publishing Ltd.

Journal Publications

  • Chi, W., Bissoondoyal-Bheenick, E., Brooks. R.,. and Tang, X. 2016 “ Classifying Chinese Bull and Bear Markets: Indices and Individual Stocks”, Studies in Economics and Finance, 33, pp.509 - 531

Journal Publications

  • Bissoondoyal-Bheenick, E. and Brooks, R. 2015 “The credit-risk return puzzle- The impact of rating announcements in Australia and Japan”, Pacific Basin Finance Journal, pp. 37-55.
  • Bissoondoyal-Bheenick, E., Brooks, R., and Treepongkaruna, S. 2015 “Do assetbacked securities ratings matter on average?” Research in International Business and Finance, 33, pp 32-43.

Book Chapters

  • Bissoondoyal-Bheenick, E., and Brooks. R., 2014. “Stock market Impact of Sovereign Rating Changes: Alternative Benchmark Model”, Emerging markets and Sovereign Risk, Chapter 13, pp. 231-252, Palgrave, Macmillan (London)

Journal Publications

  • Bissoondoyal-Bheenick, E., Brooks, R., and Treepongkaruna, S. 2014 “Rating Spillover Effects on the Stock Markets”, Journal of Multinational Financial Management, 25-26, pp. 51-63.

Journal Publications

  • Bissoondoyal-Bheenick, E., 2012, “Do Sovereign Ratings Trigger Spillover Effects”, Research in International Business and Finance, 26, pp 79-96.

Journal Publications

  • Bissoondoyal-Bheenick, E., and Treepongkaruna. S. 2011 “An analysis of the determinants of bank ratings”, Australian Journal of Management, 36, pp.405-424
  • Bissoondoyal-Bheenick, E., Brooks, R., Hum. , S. and Treepongkaruna, S. 2011“Sovereign rating Changes and realized volatility in Asian foreign Exchange markets during Asian crisis”, Applied Financial Economics, 21, pp.997-1003. 

Book Chapters

  • Bissoondoyal-Bheenick, E., and Brooks. R., 2010. “Volatility Asymmetry and Leverage: Some US Evidence”, The Risk Modelling Evaluation handbook, Chapter 7, pp115-120, Mc- Graw Hill Education.

Journal Publications

  • Bissoondoyal-Bheenick, E., and Brook, R., 2010 “Does Volume help in Predicting Stock returns? An Analysis of the Australian Market”, Research in International Business and Finance, 24, pp 146-157

Journal Publications

  • Taib, H., Hallahan, T., Di Ilorio A., and Bissoondoyal-Bheenick., E., 2009, “The share price reaction during corporate bond rating revision” Journal of Business and Policy Research, 4, pp.170-188.

Journal Publications

  • Brooks, R. Bissoondoyal-Bheenick. E., and Xibin. Z., 2007, “Country Risk and Estimation of Asset Return Distributions”, Quantitative Finance, 7, pp. 261-265

Journal Publications

  • Brooks, R., Bissoondoyal-Bheenick, E., and Yip, A., 2006, “Determinants of Sovereign ratings: A comparison of OLS, Ordered Probits and Case Base Reasoning”, Global Finance Journal, 17, pp. 136-154

Journal Publications

  • Brooks, R., Faff. R., Fry, T., and Bissoondoyal-Bheenick., E., 2005 “Alternative Beta Risk Estimators in Cases of Extreme Thin Trading: Canadian Evidence”, Applied Financial Economics, 15, pp. 1251-1259
  • Bissoondoyal-Bheenick, E., 2005, “An Analysis of the Determinants of Sovereign Ratings, Global Finance Journal”, 15, pp. 251-280

Journal Publications

  • Bissoondoyal-Bheenick, E., 2004, “Rating timing Differences between the Two Leading Rating Agencies: Standard and Poor’s and Moody’s”, Emerging Markets Review, 5, pp.361-378.
Web

Awards

Picture of a vertical, rectangular award document. The award header says "DVC award". The body of the award says "Academic member of staff" and "This award recognises the contributions of an Academic Staff Member that accelerates the college mission while also living our values. The award is presented to Associate Professor Banita Bissoondoyal-Bheenick and is signed by Professor Julie Cogin.

DVC COBL Academic of the year Award, RMIT University

Award date: 2020

Recipients: Banita Bissoondoyal-Bheenick

Australasian Finance and Banking Conference Best paper Award

Award date: 2018

Recipients: Banita Bissoondoyal-Bheenick

International Postgraduate Research Scholarship, RMIT University

Award date: 2002 

Recipients: Banita Bissoondoyal-Bheenick

State Govt Award of Mauritius Postgraduate Scholarship scheme

Award date: 1999

Recipients: Banita Bissoondoyal-Bheenick

Key awards by year

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  • 1999 De Chazal Du Mee (DCDM) Trophee for First Class Honours Degree in Accounting.
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Grants

  • 2020 AFAANZ Australian Investor Sentiment Index and Institutional Demand Shocks, $7,500
  • 2018 ACFS/ Self wealth Contract Grant – Self Managed Super Funds, $200,000
  • Best SIRCA paper award – AFBC Conference 2018
  • Advancement for Women Grant Monash University – Risk Analysis of Investment Finds, $9,500
  • 2017 Australian Centre of Financial Studies Academic Grant, Assessing the Risk and return across superfund investment options. Amount awarded $10,000
  • 2016 Advancement for Women Grant – Monash Business School. Amount awarded $4,500
  • 2010 MCFS Grant- Determinant of Ratings in Banking and Financial Industry. Amount awarded $9,000
  • Department Grant- Accounting and Finance- Determinants and Impact of Ratings of Structured Finance products: Analysis in the Global Financial Crisis. Amount awarded is $7,400.
  • Faculty Grant 2010- Rating Spillover Effects on the Stock and FX Markets. Amount awarded $11,000
  • 2009 Department Grant – Accounting and Finance - Are Fama-French factors complements or supplements to higher order models: An analysis using sovereign ratings. Amount awarded is $7,230.
  • Faculty Grant – Business and Economics, Monash University, Development and validation of a CEO Performance Index. Amount Funded $16,000
  • 2008 Monash University New Staff Grant: Does Volume help in Predicting Stock returns? An Analysis of the Australian Market. Amount awarded $10,000.
  • Department Grant – Accounting and Finance - The Impact of Sovereign Ratings Changes: A Comparison of the Market Model, Quadratic Market Model and Downside Model. Amount awarded $7,130.
  • Category 3 Research Income with “The Big Chair: Fairfax” -Development of the CEO Performance Index. Amount awarded $ 20,000
  • 2007 RMIT Emerging Researcher Grant: Volatility asymmetry and leverage: some US evidence”. Amount awarded $9,000.
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Public and media engagements

2021

  • 2021: The Conversation
    '5 tips to figure out if a tech company on the stock market is an ethical investment'
    8 Feb 2021

2020

  • 2020: Interview with Superguide
    'Investment Options and COVID'
    13th August 2020

2018

2017

Web
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Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Sentient' by Hollie Johnson, Gunaikurnai and Monero Ngarigo.

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aboriginal flag
torres strait flag

Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.

More information