N. R. Parasuraman

Research Interest / Consulting Area
Strategic Finance, Financial Derivatives, Cost Management

Courses Offered
Financial Derivatives

Positions Held / Associated With
Company Secretary, Federal Bank Ltd.
Vice President (Finance) Joindra Capital Services Ltd.
Finance Manager, KEK Group of Companies

Also teaches/taught at
Indian Institute of Management, Kozhikode

Dr. N.R. Parasuraman, LLB, FCS, FICWA, DBF, Ph.D.
Director & Professor - Finance

nrparasuraman@sdmimd.ac.in

Dr. N.R.Parasuraman is a Fellow member of the Institute of Company Secretaries of India and the Institute of Cost and Management Accountants, and a Commerce and Law graduate. His Ph.D is on Capital Structure of Indian Companies. He has 30 years of experience in diverse areas of finance.  Dr. Parasuraman was the Company Secretary of FEDERAL BANK for 5 years.  He has worked as Finance Manager for KEK group of Companies, Trivandrum and as a Securities Analyst for JOINDRE CAPITAL SERVICES, Mumbai.  He has been in full-time academics for the last seventeen years.  His special areas of teaching and research are Strategy, Financial Derivatives and Multinational Finance.  Dr. Parasuraman was an Adjunct Faculty at the Indian Institute of Management, Kozhikode and is now a visiting faculty at the Indian Institute of Management, Rohtak and Indian Institute of Management, Udaipur.  

He has published 30 papers and concept articles in various journals. He has also authored a book titled ‘FINANCIAL MANAGEMENT – a Step by Step approach’ which has been published by Cengage Learning. His earlier book ‘FUNDAMENTALS OF FINANCIAL DERIVATIVES’ published by Wiley India Limited, which is very popular among the teachers and students of Derivatives has gone into a third edition.

Publications

Books

  1. Besley, Scott, Brigham, F. Eugene & Parasuraman N. R. Corporate Finance: A South Asian Perspective. Delhi: Cengage Learning India Pvt. Ltd., 2016. 456 p. ISBN: 9788131531358.
  2. Parasuraman N. R. Corporate Finance. Delhi: Cengage Learning India Pvt. Ltd., 2015. 264 p. ISBN: 9788131526798
  3. Parasuraman, N.R. Fundamentals of financial derivatives. New Delhi: Wiley India Pvt, Ltd. 3rd Edition, 2014. 1-318 p.
  4. Parasuraman, N.R. Financial Management: A Step-by- Step Approach. New Delhi: Cengage Learning, 2013. 1-806.
  5. Parasuraman, N.R. Fundamentals of financial derivatives. New Delhi: Wiley India Pvt, Ltd. 2nd Edition, 2009. 1-307 p.
  6. Parasuraman, N.R. Fundamentals of financial derivatives. New Delhi: Wiley-India Edition, 2008. 1-252.

Edited Books

  1. Parasuraman N. R. & Venkataraja, B [Editors]. (2016). 2nd International Conference on Inclusive Economic Growth and Sustainability. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-93-83302-18-5].
  2. Parasuraman, N. R. & Sriram, M. [Editors]. (2016). 5th International conference on Emerging Trends in Finance, Accounting and Banking. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN:978-93-83302-16-1].
  3. Parasuraman N. R., Venkatraja B., Jagadeesh R. and Sriram, M. (2015) (Editors). Special issue of Select papers of International Conference on Global Economic Growth and Sustainability, Annamalai International Journal of Business Studies and Research. November, Vol 7, Issue 2. ISSN (print): 0975-749X.
  4. Parasuraman, N. R., Sengupta, Nilanjan, Sengupta, Mousumi & Srilakshminarayana, G. [Editors]. (2015). Cases in Management Vol. IV. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN:978-93-83302-14-7]
  5. Parasuraman N. R. & Venkataraja, B [Editors]. (2015). International Conference on Global Economic Growth and Sustainability. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-93-83302-12-3].
  6. Parasuraman, N. R. & Rao, Ullas.[Editors]. (2015). 4th International conference on Emerging Trends in Finance and Accounting. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-93-83302-09-3].
  7. Parasuraman, N. R., Sengupta, Nilanjan, Sengupta, Mousumi & Srilakshminarayana, G. [Editors]. (2014). Cases in Management Vol. III. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN:978-93-83302-05-5]
  8. Parasuraman, N. R., SenguptaNilanjanSenguptaMousumi & Srilakshminarayana, G. [Editors]. (2014). Excerpts of select summer internship reports 2014. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD
  9. Parasuraman, N. R. & Rao, Ullas.[Editors]. (2014). 3rd International conference on Emerging Trends in Finance and Accounting. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-93-83302-02-4].
  10. Parasuraman, N. R., Sengupta, Nilanjan, Sengupta, MousumiSrilakshminarayana, G. [Editors]. (2013). Cases in Management Vol.II. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN:978-81-922146-9-6]
  11. Parasuraman, N. R., SenguptaNilanjanSenguptaMousumi & Srilakshminarayana, G. [Editors]. (2013). Excerpts of select summer internship reports 2013. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD
  12. Parasuraman, N. R. & Rao, Ullas.[Editors]. (2013). 2nd International conference on Emerging Trends in Finance and Accounting. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-81-922146-6-5].
  13. Parasuraman, N. R., Sengupta, Nilanjan, Sengupta, Mousumi & Srilakshminarayana, G.[Editors].  (2013). Cases in Management Vol.1. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN:978-81-922146-3-4]
  14. Parasuraman, N. R., SenguptaNilanjanSenguptaMousumi & Srilakshminarayana, G. [Editors]. (2012). Excerpts of select summer internship reports 2012. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD
  15. Parasuraman, N. R. & Rao, Ullas.[Editors]. (2012). International conference on Emerging Trends in Finance and Accounting. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN: 978-81-922146-2-7].
  16. Parasuraman, N. R., SenguptaNilanjanSenguptaMousumi & Srilakshminarayana, G. [Editors]. (2011). Excerpts of select summer internship reports 2011. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD

Book Chapters

  1. Parasuraman, N. R. (2016). A hindsight analysis of Grasim’s takeover of L&T cement (now UltraTech Cement) and the application of Real Options framework. Contemporary Research in Management – Vol. V. by Mousumi Sengupta and Nilanjan Sengupta [Compilers]. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD).  [ISBN: 978-93-83302-15-4].
  2. Parasuraman N. R. (2015). The challenges of an innovative investment portfolio consisting of reliance, Infosys and ultrateh cement. Cases in Management- Vol IV. N.R. Parasuraman, Mousumi Sengupta and Nilanjan Sengupta and G.Srilakshminarayana. [Editors]. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD).  [ISBN:978-93-83302-14-7]
  3. Parasuraman N. R. (2015). Management Accounting and Financial Reporting by N. R. Parasuraman & Others. Delhi: Cengage Learning India Pvt. Ltd., vi, 364+ann. ISBN: 9788131525791
  4. Parasuraman, N.R. & Janaki Ramudu, P. (2015). Put-Call Parity: An investigation into S & P CNX Nifty Index Options. Contemporary research in management – Vol. IV by Mousumi Sengupta and Nilanjan Sengupta [Compilers]. Mysore: SDM RCMS. [ISBN: 978-93-83302-08-6]
  5. Parasuraman, N.R. (2014). Financial Statement Analysis it is not always open and Shut. Cases in Management- Vol III. N.R. Parasuraman, Mousumi SenguptaNilanjan Sengupta and G.S. Lakshminarayana. [Editors]. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN:978-93-83302-05-5]
  6. Parasuraman, N.R. & Janaki Ramudu, P. (2014). Price Weighted Vs. Value Weighted Index: A Comparative Analysis and impact on Index Based portfolio PerformanceContemporary research in management - Vol III by Mousumi Sengupta and Nilanjan Sengupta [Compilers]. Mysore: SDM Institute for Management Development, 2014. [ISBN:978-81-922146-8-9]
  7. Parasuraman, N.R. & Janaki Ramudu, P (2013).Portfolio protection in the short run- protective puts vs. short futures: exploratory evidence from the Indian stock markets. Contemporary research in management-Vol II by Mousumi Sengupta and Nilanjan Sengupta [Compilers]. Mysore: Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDM RCMS), SDMIMD. [ISBN: 978-81-922146-5-8]
  8. Parasuraman, N.R. (2013). Anand’s dilemma- strategic considerations v/s. financial goals. Cases in Management Vol.II. N. R. Parasuraman, NilanjanSengupta, MousumiSengupta and G. Srilakshminarayana [Editors]. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN:978-81-922146-9-6]
  9. Parasuraman, N.R. (2013). Safeguarding a portfolio – how far do we go? Cases in Management Vol.1. N. R. Parasuraman, Nilanjan Sengupta, Mousumi Sengupta and G. Srilakshminarayana [Editors]. Mysore: Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD). [ISBN:978-81-922146-3-4]
  10. Parasuraman, N.R. (2012). Options Strategies in a volatile market with particular reference to selling volatility, an exploratory study with figures from NIFTY for a quarter. Contemporary research in management - Vol I by Mousumi Sengupta and Nilanjan Sengupta [Compilers]. Mysore: SDM Institute for Management Development, 2012. [ISBN:978-81-922146-1-0]
  11. Parasuraman, N.R. Cross-border investments: imputing financial shape to uncertain business situations. Contemporary issues in Finance by Jagadeesha and Shivakumar Deene [Editors]. New Delhi: Excel Books, 2009; 157-166p.

Book Reviews

  1. Parasuraman, N.R. Alchemy of a leader. Review of Alchemy of a leader by John E. Redfield. The Economic Times (The Finanial Times), 17 Jan 2000.
  2. Parasuraman, N.R. Change and resistance. Review of Leading change by James O’Toole. The Economic Times (The Financial Times), 26 Dec 1999.
  3. Parasuraman, N.R. Don’t just catch up, get ahead. Review of Competing for the future by Gary Hamel and C.K. Prahalad. The Economic Times (The Financial Times), 30 Jan 2000.
  4. Parasuraman, N.R. Incurring quasirents. Review of Managing business transactions by Paul H. Rubin. The Economic Times (The Financial Times), 28 May 2000.
  5. Parasuraman, N.R. Leadership at all levels. Review of New strategies by Stephen J.Wall. The Economic Times (The Financial Times), 11 June 2000.
  6. Parasuraman, N.R. Only the paranoid survive. Review of Only the paranoid survive by Andrew S. Grove. The Economic Times (The Financial Times), 19 March 2000.
  7. Parasuraman, N.R. Quality leadership. Review of Vision values and Courage by Neil H. Snyder. The Economic Times (The Financial Times), 16 April 2000.
  8. Parasuraman, N.R. Strategic persistence. Review of Commitment by Pankaj Ghemawat. The Economic Times (The Financial Times), 20 Aug 2000.
  9. Parasuraman, N.R. The competitive organization. Review of The competitive organization by Gordon Pearson. The Economic Times (The Financial Times), 15 Oct 2000.
  10. Parasuraman, N.R. The options are real. Review of Real options by Martha Amram. The Economic Times (The Financial Times), 2 July 2000.
  11. Parasuraman, N.R. The strategy of managing costs. Review of Strategic cost management by John K. Shank and Vijay Govindarajan. The Economic Times (The Financial Times), 15 Aug 1999.
  12. Parasuraman, N.R. Beyond certainty. Review of Beyond certainty by Charles Handy. The Economic Times (The Financial Times), 13 Feb 2000.

International Journals

  1. Parasuraman, N. R. & Rao, Ullas (2016). On Discerning the Implications of Operating and Financial Leverage Ratios on the Systematic Risk of Enterprises: Evidence from Sensex Firms in India. ICPE PUBLIC ENTERPRISE HALF-YEARLY JOURNAL, Vol.22(1), ISSN: 0351-3564, pp. 79-91
  2. Parasuraman, N. R. & Rao, Ullas (2016). Do Firm's Intrinsically Determined Enterprise Values Corroborate their Corresponding Market-Determined Values? Empirical Evidence based on SENSEX Firms in India. Journal of Emerging Issues in Economics, Finance, and Banking, Vol. I (1), (ISSN: 2306-367X).
  3. Parasuraman, N.R. & Rao, Ullas. (2015). An Empirical Examination of the Efficiency of Commodity Markets in India.International Review of Research in Emerging Markets and the Global Economy, Vol. 1, Issue 2,323-335p.[ISSN: 2311-3200]
  4. Parasuraman, N. R. and Janaki Ramudu, P. (2014). Do futures outperform Puts? Evidence from S&P Nifty index futures and options. International Review of Research in Emerging Markets and the Global Economy (IRREM). Vol.1(5), (ISSN: 2311-3200), p217-235.
  5. Parasuraman, N.R. & Ullas Rao (2014). Are smaller private sector commercial banks in India a likely target for takeover? An exploratory investigation. Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB). Vol.3(6). (ISSN: 2306-367X). p.1310-1323
  6. Parasuraman, N. R. and Janaki Ramudu, P. (2013). What does Capital Structure Decision depend on? Evidence from S&P CNX NIFTY and NIFTY JUNIOR Firms. Journal of Accounting, Finance and Economics, Vol.3 (2), December. 23-42 pp.
  7. Janaki Ramudu, P., Parasuraman, N.R. and Nusrathunnisa. What Drives Shareholders’ Return? Evidence from Indian Steel Sector. World Journal of Social Sciences, 2(7) November 2012 : 09-23.
  8. Parasuraman, N.R. and Janaki Ramudu, P. Historical and Implied Volatility: An investigation into NSE NIFTY Futures and Options. Australian Journal of Business and Management Research, 1(7), 2011: 112-120p. Online Access http://www.ajbmr.com/articlepdf/ajbmr_17_34i1n7a12.pdf
  9. Parasuraman, N.R. and Janaki Ramudu, P. Growth in sales compared with changes in profitability and in working capital : a study of Indian pharmaceutical industry. Journal of Accounting and Finance, 26(1), October 2011: 1-19. ISSN: 0970-9029

National Journals

  1. Parasuraman, N.R., Janaki Ramudu, P. & Nusrathunnisa. (2012). Does Lintner model of dividend payout hold good? An empirical evidence from BSE SENSEX firms. SDMIMD Journal of Management, Vol. 3, Issue 2, September. 63-76p. [ISSN 0976-0652].
  2. Parasuraman, N.R. and Ramudu Janaki P. Growth in sales compared with asset turnover, leverage and profitability : An analytical study of large Indian companies. Advance In Management , 4(11) November 2011 : 58-62.
  3. Parasuraman, N.R. Value at risk analysis: NIFTY index portfolio. SCMS Journal of Indian Management, 5(1) January-March 2011 : 67-72.
  4. Parasuraman, N.R. Microfinance: the paradigm shift. The Smart CEO, May 2010; 30-32.
  5. Parasuraman, N.R. Options trading strategies: some basic facets. Treasury Management, 10(11) November 2009: 39-42.
  6. Parasuraman, N.R. Portfolio protection and portfolio insurance: an overview. Portfolio Organizer 10(6) June 2009: 49-53.
  7. Parasuraman, N.R. Rise in NPAs - interview. Professional Banker 9(6) June 2009: 13.
  8. Charles, V. and Parasuraman, N.R. Pricing options: the volatile versus the actual. SCMS Journal of Indian Management. 4(1) January-March 2009: 18-25
  9. Parasuraman, N.R. Indian banking - truly global? Chartered Financial Analyst 14 (10) October 2008: 76-78.
  10. Parasuraman, N.R. Cross-border investments imputing financial shape to uncertain business situations: the use of real options and the lessard APV approach - a discussion. IMPACT (International Journal of Management Practices & Contemporary Thought) 2 (1) 2007: 28-34.
  11. Parasuraman, N.R. Working capital position in leading Indian companies: a comparison vis-à-vis profitabiliy. PES Business Review: a scholarly, peer reviewed journal of management 2 (2) June 2007:34-37.
  12. Parasuraman, N.R. Capital structuring of leading companies: a statistical analysis. PES Business Review: a scholarly, peer reviewed journal of management 1(1) 2006: 6-18.
  13. Parasuraman, N.R. Comparison on key financial parameters of players within an industry with similar parameters in Nifty: a study of cement companies. International Journal of Management Sciences 1(2) 2006: 161-169.
  14. Parasuraman, N.R. Credit derivatives: a great potential for Indian banking" Chartered Financial Analyst, 12(10) October 2006: 75-78.
  15. Parasuraman, N.R. Synchronous movement of key parameters with profitability: an exploratory study on the two-wheeler and three wheeler sectors. GIM Journal of Management 1(1) 2006: 26-29.
  16. Parasuraman, N.R. Reviews on Indian banking: challenges ahead. Chartered Financial Analyst 10(2) February 2004: 27-34.
  17. Parasuraman, N.R. The adjusted present value approaches to valuations – promises and perils - a discussion. The Management Accountant, 39(10) October 2004: 930-32.
  18. Parasuraman, N.R. Working capital practices in leading pharmaceutical companies - a view of the credit policy and profitability. The Management Accountant, 39(12), December 2004: 998-1005.
  19. Parasuraman, N.R. Reviews on Kelkar Report: The simplification agenda. Chartered Financial Analyst, 9(2) February 2003: 17-22.
  20. Parasuraman, N.R. Ascertaining the divisional beta for project evaluation - the Pure Play Method - a discussion. The Chartered Accountant, 51(5) November 2002: 546-49.
  21. Parasuraman, N.R. Index Based Futures - the cost of Carry Model - the Indian evidence. Journal of applied Finance, 7(11) November 2001.
  22. Parasuraman, N.R. Arbitrage opportunities between NSE and BSE - a preliminary study. Journal of Applied Finance, 6(4) April 2000.
  23. Parasuraman, N. R. The Economic value added – its computation and impact on select banking companies. Journal of Applied Finance, 6(4) October 2000: 14-30.
  24. Parasuraman, N.R. The modified internal rate of return - a discussion. The Management Accountant, 34(10) October 1999: 784-51.

International Conferences

  1. Parasuraman, N. R. & Rao, Ullas (2015). Do firms’ intrinsically determined Enterprise Values corroborate their corresponding Market-determined Values? Empirical evidence based on SENSEX firms in India. 4th Asia-Pacific Conference on Global Business, Economics, Finance and Social Sciences, SDMIMD and J A Alpha, Malaysia, August 07-09.
  2. Parasuraman, N.R. & Rao, Ullas (2014). ​An Empirical Examination of the Efficiency of Commodity Markets in India.​ Third​ International Conference on Global Business, Economics, Finance and Social Sciences, SDMIMD and J A Alpha, ​Mumbai​, ​December 19-21​.
  3. Parasuraman, N.R. & Ullas Rao (2014). Are smaller private sector commercial banks in India a likely target for takeover in India? An Investigation. International Conference on Global Business, Economics, Finance and Social Sciences, SDMIMD and J A Alpha, Chennai, July 11-13, 2014.
  4. Parasuraman, N.R., Janaki Ramudu, P. & Nusrathunnisa. (2012). Does Lintner model of dividend payout hold good? An empirical evidence from BSE SENSEX firms. International conference on emerging trends in finance and accounting, SDM Institute for Management Development (SDMIMD), Mysore. August 3-4. [ISBN: 978-81-922146-2-7].
  5. Parasuraman, N. R. and Charles, V. Australian School of Business, 20th Australasian Finance and Banking Conference, Sydney; Dec 12-14, 2007. Imputing historical volatility to index option parameters: a comparison with the actual index call prices – an exploratory study.
  6. Parasuraman, N.R. Research Association of India (RAI), International conference of Research Association of India, Jaipur; January 2006. Strategic implications of the financial results of select companies from the paints sector: a DuPont analysis.
  7. Parasuraman, N.R. Birla Institute of Management Technology (BIMT), New Delhi. International conference 2005 on “Banking and insurance in the emerging markets”, 2005, New Delhi. Creation of The Economic value in banking companies - a comparison with other parameters of bank performance.

National Conferences

  1. Parasuraman, N.R. Research Development Association and Rajasthan Chamber of Commerce and Industry, 9th International Conference on Emerging Issues in Accounting & Finance, Infrastructure Development, Information Technology, Business and Management, January 15 & 16, 2010, Jaipur. Growth in Sales Compared with Changes in Profitability and in Working Capital – A study of Indian Pharmaceutical Industry.
  2. Parasuraman, N.R. Institute of Cost and Works Accounts of India (ICWAI), All Kerala Cost Convention, 20-21 Nov 2009, Thrissur. Cost management - a brief look at the strategic imperatives. 41-43p.
  3. Parasuraman, N.R. Institute of Chartered Financial Analysts of India (ICFAI), National conference, Nov. 2006, Bangalore. Capital structuring of leading Indian companies - a statistical analysis.
  4. Parasuraman, N.R. 34th National convention of Company Secretaries on “reshaping the profession - creating new niches”, Sept. 2006. Corporate value creation: the finance angle. A91-97.
  5. Parasuraman, N.R. National Convention of Company Secretaries of India, Oct. 2005. Using Real Options Framework in Strategic Financial Management.

Seminar and Symposium

  1. Parasuraman, N. R. Paper before the Institute of Cost and Works Accountants of India (Mysore Chapter), Seminar on international financial reporting standards and resource consumption accounting, Mysore, 23 Nov 2008. Cost management strategies and resources consumptions accounting.
  2. Parasuraman, N. R. Paper before the Institute of Cost and Works Accountants of India (Mysore Chapter), Mysore, Dec. 2002. Considerations in working capital management - a discussion.

Study Materials

  1. Parasuraman, N.R. Financial planning and financial leverage Courseware for Masters Degree in Business Administration (MBA). Mysore: JSS Center for Management Studies, 2005.
  2. Parasuraman, N.R. Cost of Capital and Capital Structure (4 Units) Self Instructional Material (SIM) for Masters Degree in Business Administration (MBA) Final Semester. Mysore: Karnataka State Open University, 2005.
  3. Parasuraman, N.R. Cost-volume profit analysis Self Instructional Material (SIM) for Masters Degree in Business Administration (MBA) Final Semester. Mysore: Karnataka State Open University, 2005.

Other

  1. Parasuraman, N.R. ICWAI Newsletter of Kottyam, Branch of ICWAI, Aug 2005, Beta Co-efficient and Corporate Cost of Capital