HighlightsAurobindo Ghosh is a leading academic in econometrics, finance, and financial literacy, recognized for his research on asset pricing, inflation expectations, and financial inclusion, as well as his impactful teaching and outreach in Singapore and beyond.
Bridges rigorous econometric methodology with real-world financial and economic challenges, notably in inflation expectations, financial risk assessment, and financial literacy; recognized for advancing financial inclusion and developing influential survey-based economic indicators; combines academic research with policy and community outreach.
Focused research areas include Development and application of econometric methods in finance and economics, including smooth tests for distribution equality, density forecast evaluation, asset pricing, mutual fund performance, inflation expectations, and financial inclusion at the bottom of the pyramid.
Bridges rigorous econometric methodology with real-world financial and economic challenges, notably in inflation expectations, financial risk assessment, and financial literacy; recognized for advancing financial inclusion and developing influential survey-based economic indicators; combines academic research with policy and community outreach.
Focused research areas include Development and application of econometric methods in finance and economics, including smooth tests for distribution equality, density forecast evaluation, asset pricing, mutual fund performance, inflation expectations, and financial inclusion at the bottom of the pyramid.
Areas of Expertise
Econometric Theory and ApplicationsFinance (Asset PricingMutual FundsPrivate EquityCorporate Governance and Innovation)MicroeconomicsBusiness StatisticsApplied Microeconomics and Macroeconomics
Past Awarded Grant
- Inflation Expectations or Inflation of Expectations: Models and Bias Corrections, SMU Internal Grant, Ministry of Education (MOE) Tier 1 , PI (Project Level): Aurobindo GHOSH, 2015, S$30,000
- Robust Tests And Methods In Evaluation Of Financial Risk: Can The Sharpe Ratio Make The Cut?, SMU Internal Grant, Ministry of Education (MOE) Tier 1 , PI (Project Level): Aurobindo GHOSH, 2009, S$22,841.65
- Survival of the smartest: Robust Rank Regression for limited dependent variable, SMU Internal Grant, Ministry of Education (MOE) Tier 1, PI (Project Level): Aurobindo GHOSH, 2008, S$25,183.33
- RISK IN RETURNS: FROM PUBLIC TO PRIVATE EQUITY, SMU Internal Grant, Ministry of Education (MOE) Tier 1 , PI (Project Level): Aurobindo GHOSH, 2007, S$27,594.24
- Fractile Treatment Effect, SMU Internal Grant, Ministry of Education (MOE) Tier 1, PI (Project Level): Aurobindo GHOSH, 2006, S$27,198.4
This highlights are AI-generated content using the faculty's CV.
Education
| 2003 | Ph.D in Economics, University of Illinois |
| 2001 | M.S. in Finance, University of Illinois |
| 1992 | Bachelor of Statistics, Indian Statistical Institute, Calcutta |
Current Position(s) Held
| 2013 - Now | Assistant Professor of Finance (Education) Lee Kong Chian School of Business, Singapore Management University |
| 2011 - 2013 | Senior Lecturer of Finance Lee Kong Chian School of Business, Singapore Management University |
| 2013 - 2016 | Programme Director, Master of Science in Financial Economics, School of Economics, SMU |
| 2011 - 2014 | Program Director, Sim Kee Boon Institute for Financial Economics, Singapore Management University |
| 2016 - Now | Principal Investigator, Citi-SMU Financial Literacy Program for Young Adults |
| 2020 - Now | Program Director and Principal Investigator, Citi-SMU Financial Literacy Program for Young Adults |
Awards, Recognition and Honors
- “Grades Matter in performance: Morningstar Stewardship Grade and Mutual Fund Performance” (jointly with Jeremy Goh and Ng Wee Seng) was presented and won the Best Fund Management Paper award in the Financial Markets and Corporate Governance Conference in QUT, Brisbane, Australia in April 2014.
- “Did the Sarbanes-Oxley Act Impede Corporate Innovation? An Analysis of the Unintended Consequences of Regulation” (Joint with Jerry Cao, Jeremy Goh and Ted Tschang) was a semifinalist for the best paper award for Financial Institutions at the prestigious 2016 Annual Financial Management Association in Las Vegas, NV, USA (out of 1700 papers submitted)
- I was nominated for 2016 Best Teacher Award for the Post Graduate Professional Program (one of six nominees across SMU)
- As the founding Principal Investigator, received an external research funding from MAS and terms funds DBS for upgrading and maintaining the Singapore Index of Inflation Expectations (SInDEx) survey (2018-2019
- As Principal Investigator for Research jointly raised over SGD2.4 million for Citi-SMU Financial Literacy Program for Young Adults from 2016-2020
Research Interests
- Theoretical and Applied Econometrics
- Financial Econometrics
- Empirical Finance and Investment
- Business Statistics
Journal Articles (Refereed)
- “A Smooth Test of the Equality of Distributions,”(with Anil K. Bera and Zhijie Xiao), Econometric Theory , 29 (2), pp. 419-446 (2013)
- “Neyman's Smooth Test and Its Applications in Econometrics,”(with Anil K. Bera). In: Handbook of Applied Econometrics and Statistical Inference, Ch. 10, eds., A. Ullah, A. Wan and A. Chaturvedi, Marcel Dekker: New York, pp. 170-230 (2001).
- “Introductory Statistics,” (with H-K Chow, D. Leung and Y-K Tse), Pearson , Singapore , 2006.
- “Neyman's Smooth Test and Its Use in Statistics and Econometrics,” (with Anil K. Bera) In the Proceedings of the International Indian Statistical Association Meetings at New Delhi, India, ed. Kanwar Sen (2000).
Business Cases Studies
- iCare benefits: Assisting low income retail consumers in Vietnam Part A & B, by THOMAS, Howard; GHOSH, Aurobindo; CHAN, Chi Wei. (2019). SMU-18-0031. https://cmp.smu.edu.sg/case/3836 (Published)
- SureCash: Promoting financial inclusion in Bangladesh, by GHOSH, Aurobindo; BHATTACHARYA, Lipika.
(2018). SMU-18-0014 [SureCash]. https://cmp.smu.edu.sg/case/3646 (Published)
