S P Parashar
Encyclopedia
Sat Paul Parashar, PhD
, more commonly known as S P Parashar, is an India
n financial management expert
and business education administrator
. He sits on the Boards of a number of top Corporations and Management Institutions. He has contributed to many business and management schools, corporates and banks in Asia and the Middle East
, notably in India
, Singapore
, Nepal
, the United Arab Emirates
, Bahrain
, Oman
and Qatar
. He was appointed to the highest level academic post, directorship, at the Indian Institute of Management
, one of the highest ranked business schools in India in 2004, and was also the director of the Indian Institute of Management
in Indore, India
from 2004 to 2008.
Dr S P Parashar is presently the Head, Banking Center at Bahrain Institute of Banking and Finance (BIBF), Manama Bahrain. Dr Parashar was the Head of Research and Studies Department, Emirates Institute for Banking and Financial Studies, Sharjah, United Arab Emirates during 1999-2004.
Dr Parashar was appointed Distinguished Professor i.e. IFCI Golden Jubilee Chair Professor of Finance at Management Development Institute
a Highly Ranked Business School. Prior to this Dr Parashar was Associate Professor
of Finance at Xavier Labor Relations Institute, Jamshedpur and Faculty at University of Delhi
. His total research, administration, training, and consultancy experience spans over 37 years.
He has published over 40 papers in academic journals and has authored or co-authored several books. He sits on the Boards of a number of top Corporations and Management Institutions, and high level expert committees of the Government of India, and Government of Madhya Pradesh
. He was appointed Editorial Board
Member of Indian Journal of Finance
and Research, biannual Journal of the Indian Financial Management Association and International Journal of Business Competition and Growth.
Dr Parashar was rated ‘Academic Par Excellence' in 2003 at the Emirates Institute for Banking and Financial Studies, Sharjah, UAE. His Interview was published in The Times of India
Daily National Newspaper on July 11, 2005 and it was titled, ‘A Jewel in the IIM Crown’ highlighting his transformation and turnaround of IIM Indore in a short time frame.
Dr Parashar holds M.Com from Delhi School of Economics
(1971), and Ph D from Faculty of Management Studies (1981), University of Delhi. His doctoral thesis
was titled “Liquidity Management in Selected Indian Companies”. Articles in Major Indian and Middle eastern newspapers have featured Dr Parashar’s biography and his research work.
In the Book: Abraham and Bhushan (Ed.) Management Strategies for the Changing Scenario, Association of Indian Management Schools, 1993.
material. His articles have been featured in many newspapers.
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
, more commonly known as S P Parashar, is an India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n financial management expert
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
and business education administrator
Business education
Business education involves teaching students the fundamentals, theories, and processes of business. Education in this field occurs at several levels, including secondary education and higher education or university education. Approximately 38% of student enroll in one or more business courses...
. He sits on the Boards of a number of top Corporations and Management Institutions. He has contributed to many business and management schools, corporates and banks in Asia and the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
, notably in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Nepal
Nepal
Nepal , officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India...
, the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
, Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
, Oman
Oman
Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
and Qatar
Qatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
. He was appointed to the highest level academic post, directorship, at the Indian Institute of Management
Indian Institutes of Management
The Indian Institutes of Management , are graduate business schools in India. They were set up with the objective of providing management education and to assist the industry through research and consulting services. The IIMs award diplomas and not degrees.- Institutes :Indian Institute of...
, one of the highest ranked business schools in India in 2004, and was also the director of the Indian Institute of Management
Indian Institute of Management Indore
Indian Institute of Management Indore is a state funded management institute in Indore, Madhya Pradesh. Instituted in 1998, IIM Indore is the sixth addition to the IIM family.-History:...
in Indore, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
from 2004 to 2008.
Dr S P Parashar is presently the Head, Banking Center at Bahrain Institute of Banking and Finance (BIBF), Manama Bahrain. Dr Parashar was the Head of Research and Studies Department, Emirates Institute for Banking and Financial Studies, Sharjah, United Arab Emirates during 1999-2004.
Dr Parashar was appointed Distinguished Professor i.e. IFCI Golden Jubilee Chair Professor of Finance at Management Development Institute
Management Development Institute
Management Development Institute is a prestigious business school in India. It was established in 1973 and is located in Gurgaon, a commercial hub near the Indian capital of New Delhi. The institute is internationally known and is consistently ranked in the top 10 b-schools in India, often in the...
a Highly Ranked Business School. Prior to this Dr Parashar was Associate Professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
of Finance at Xavier Labor Relations Institute, Jamshedpur and Faculty at University of Delhi
University of Delhi
The University of Delhi is a central university situated in Delhi, India and is funded by Government of India. Established in 1922, it offers courses at the undergraduate and post-graduate level. Vice-President of India Mohammad Hamid Ansari is the Chancellor of the university...
. His total research, administration, training, and consultancy experience spans over 37 years.
He has published over 40 papers in academic journals and has authored or co-authored several books. He sits on the Boards of a number of top Corporations and Management Institutions, and high level expert committees of the Government of India, and Government of Madhya Pradesh
Madhya Pradesh
Madhya Pradesh , often called the Heart of India, is a state in central India. Its capital is Bhopal and Indore is the largest city....
. He was appointed Editorial Board
Editorial board
The editorial board is a group of people, usually at a publication, who dictate the tone and direction the publication's editorial policy will take.- Board makeup :...
Member of Indian Journal of Finance
Journal of Finance
The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. Its current editors are Campbell R. Harvey and John R. Graham...
and Research, biannual Journal of the Indian Financial Management Association and International Journal of Business Competition and Growth.
Dr Parashar was rated ‘Academic Par Excellence' in 2003 at the Emirates Institute for Banking and Financial Studies, Sharjah, UAE. His Interview was published in The Times of India
The Times of India
The Times of India is an Indian English-language daily newspaper. TOI has the largest circulation among all English-language newspaper in the world, across all formats . It is owned and managed by Bennett, Coleman & Co. Ltd...
Daily National Newspaper on July 11, 2005 and it was titled, ‘A Jewel in the IIM Crown’ highlighting his transformation and turnaround of IIM Indore in a short time frame.
Dr Parashar holds M.Com from Delhi School of Economics
Delhi School of Economics
Delhi School of Economics , commonly referred to as DSE or D School, is a centre of post graduate learning of the University of Delhi. The centre is situated in the university's North Campus in Maurice Nagar, and is surrounded by a host of other prestigious academic institutions of the country...
(1971), and Ph D from Faculty of Management Studies (1981), University of Delhi. His doctoral thesis
Thesis
A dissertation or thesis is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings...
was titled “Liquidity Management in Selected Indian Companies”. Articles in Major Indian and Middle eastern newspapers have featured Dr Parashar’s biography and his research work.
Corporate positions
Dr Parashar has been appointed or nominated on the board of the many academic institutions and corporations for his expertise in the field of finance, management and education administration. Some of the appointments include:- Member, Board of DirectorsBoard of directorsA board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
, Power Finance Corporation Ltd., India - Member, Board of Directors, Bharat Electronics Ltd., India.
- Non-Executive DirectorNon-executive directorA non-executive director or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way...
, MP Power Transmission Company Ltd., India . - Member, Board of GovernorsBoard of governorsBoard of governors is a term sometimes applied to the board of directors of a public entity or non-profit organization.Many public institutions, such as public universities, are government-owned corporations. The British Broadcasting Corporation was managed by a board of governors, though this role...
, School of Good Governance and Policy Analysis. - Member, Board of Governors, Indian Institute of Management Indore.
- Member, Board of Governors, Institute of Finance and International Management, India.
- Member, Board of Governors, United States India Educational Foundation.
- Member, Advisory Group, Human Development ReportHuman Development ReportThe Human Development Report is an annual milestone publication by the Human Development Report Office of the United Nations Development Programme .-History:...
Committee, Government of Madhya Pradesh, 2005. - Special Invitee, National Council, National Institute of Personnel Management.
- Special Invitee, Board of Governors, Thapar University.
- Member, High Power Committee for Faculty DevelopmentFaculty developmentFaculty development is a similarly used term to staff development and professional development, in settings that pertain to educators ....
in Technical Institutions 2006, All India Council for Technical EducationAll India Council for Technical EducationThe All India Council for Technical Education is the statutory body and a national-level council for technical education, under Department of Higher Education, Ministry of Human Resource Development...
. - Special Invitee, Working Group, Oversight Committee, Planning Commission, Government of IndiaGovernment of IndiaThe Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
. - Member, Executive Board, Association of Indian Management Schools, 2006-2007.
- Advisory Board Member, Jaypee business school, NOIDA, India.
- Member Academic CouncilAcademic SenateAn Academic Senate is a governing body in some universities and colleges, and is typically the supreme academic authority for the institution.-Scotland:...
, Sri Sharada Institute of Indian Management-Research, India. - Member, Board of Directors, Pithampur Auto Cluster Ltd., New Delhi.
- International Advisory Board, Association of Indian Management Scholars.
- Academic advisory board, NIILM-Center for Management Studies.
- Member, National Advisory, Khandelwal College of Management Science and Technology.
- Member, Expert Visiting Committee, University Grants Commission.
Publications
Dr Parashar has consistently been publishing in well respected journals for over three decades.Journal articles
- Adam J. Sulkowski, S P Parashar, and Lu Wei, Corporate Responsibility Reporting in China, India, Japan and the West: One Mantra Does Not Fit All, New England Law Review. Vol 42, 2008, pp 787–808.
- S P Parashar and S. Venkataramanaiah. Operationalisation of an auto cluster project: Indian experience International Journal of Indian Culture and Business Management, Vol. 1, No. 4, 2008, pp 475–485.
- S Venkataramanaiah and S P Parashar, Enhancing the competitiveness of SMEs through industrial clusters: The Indian experience’, International Journal of Technology Management and Sustainable Development 6: 3, 2007, pp. 227–243.
- S P Parashar, Winning over Equals: Insights from Bhagwad Geeta (Krishna-Arjuna Framework) International Journal of Indian Culture and Business Management, Vol. 1, No.3, 2008, pp. 354 – 359.
- S P Parashar, Financial Management Practices in Selected Indian Companies, ICWAI Research Bulletin, Bi-annual Number of the Institute of Cost and Works Accountants of India, July- December,1999, Volume No. XVIII, PP 11–28
- S P Parashar, Cost and Productivity of Capital in Indian Companies, Indian Management, Journal of the All India Management Association, May 1985,Volume 24, No.5, PP 30–34
- Madhu Tyagi, S P Parashar, Financial Performance of Public Sector Tourism Companies, Journal of Management Development Institute, Jan-June, 1996
- S P Parashar, Aftermath of Tondon Guidelines, Indian Management, Journal of the All India Management Association, December, 1984, Volume 23, No.12, PP 4–8 S P Parashar, Mehrotra Committee Report on Insurance Sector Reform in India - A Review, Indian Journal of Finance and Research, January 1994, Volume IV, No. 1, PP 81–88
- S P Parashar, Privatisation: The Berlin- Chemie Way – A Case Study, Vision The Journal of the Management Development Institute, July-December 2000, Volume 4, No.2, PP 63–66
- S P Parashar, Western Engineering Company Ltd. - When Two Worlds Collide-A Transfer Pricing Case, Chartered Accountant, Journal of the Institute of Chartered Accountants of India, May, 1997
- S P Parashar, Evaluating Company Liquidity- A New framework, Chartered Accountant, Journal of the Institute of Chartered Accountants of India, November, 1984, Volume XXXIII, No.5, PP 403–408
- S P Parashar, A New Look at Corporate Liquidity, Indian Management, Journal of the All India Management Association, May 1984, Volume 23, No. 5, PP 23–25
- S P Parashar, Liquidity Management in Indian Industries- Sectoral Trends, Indian Economic Almanac, Journal of the Indian Economic Association, June, 1982
- S P Parashar, Jackson Electric Company Ltd. -A Strategic Cost Management Case Analysis , Chartered Accountant, Journal of the Institute of Chartered Accountants of India, March, 1997
- S P Parashar, “Operational Efficiency will be the Key Determinant of Success of Financial Institutions in the Next Century”, Vision Journal of Management Development Institute, January-June, 1998
- S P Parashar, Financial Reforms in India- Vision 2010, MAIMS Journal of Management, April 2006
- S P Parashar, What kind of Management Control System Does National Thermal Power Corporation Need? Journal of the Institute of Public Enterprises, 1992
Books/Chapters/Published Case Studies
A list of works he authored, co-authored, or in some way contributed to:- Book: S.P.Parashar, Liquidity Management, Principles & Practices of Managing Cash Flow, Vision Books, New DelhiNew DelhiNew Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
, 1986. - Book: S P Parashar & Hassan Aboutahir, WTO Agreements on Financial Services- Implications for UAE Banks.
- Book: Qasrawi Sophia / S.P.Parashar, Foreign direct investmentForeign direct investmentForeign direct investment or foreign investment refers to the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.. It is the sum of equity capital,other long-term capital, and short-term capital as shown in...
strategic options for the UAE. - Book: S P Parashar, Indian Section in International Dictionary of Management by Hono Johannsen and G. Terry Page, Vision Books, New Delhi, 1983.
- Book Chapter: Teaching of Financial Management in India- Retrospect and Prospect.
In the Book: Abraham and Bhushan (Ed.) Management Strategies for the Changing Scenario, Association of Indian Management Schools, 1993.
- Book Chapter: Recent Developments in International Capital Markets- Implications for Corporate Financing In the Book: Gupta, et. al. (Ed.) Corporate Financing- Emerging Options, Anmol, Delhi, 1991.
- Case study: S P Parashar, Benchmarking for Quality in Distance Education- A Case Study of Management Programs of IGNOU (Indira Gandhi National Open University), in Koul (Ed.), Structure and Management of Open Learning Systems, IGNOU, 1995
- S P Parashar, Nationals in Credit Head Positions in UAE Banks- A Survey.
- S P Parashar, Z Score of UAE Companies.
Newspapers
Dr Parashar's research has been a source of published secondary sourceSecondary source
In scholarship, a secondary source is a document or recording that relates or discusses information originally presented elsewhere. A secondary source contrasts with a primary source, which is an original source of the information being discussed; a primary source can be a person with direct...
material. His articles have been featured in many newspapers.
- The Hindu National Daily Newspaper, August 1, 2005 - How to Rate a B School? – Newspaper Article features Dr Parashar’s method of rating Business schoolBusiness schoolA business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
s. - The Hindu National Daily Newspaper, August 29, 2005 - Rate B-Schools the ‘Matrix’ Way – Dr. Parashar’s 5 X 3 matrix approach to rate Business School featured- The Hindu National Daily Newspaper, June 25, 2007 - Study Favors Aggressive Cultivation of Soybean in Maharashtra – Dr. Parashar’s research study featured
- Hindustan TimesHindustan TimesHindustan Times is an Indian English-language daily newspaper founded in 1924 with roots in the Indian independence movement of the period ....
, June 3, 2007 - Soya Maybe Way Out For Vidarbha Ryots - Dr. Parashar’s research study featured- The TribuneThe TribuneThe Tribune is an Indian English-language daily newspaper published from Chandigarh, New Delhi, Jalandhar, Dehradun and Bathinda. It was founded on 2 February 1881, in Lahore , by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as...
Newspaper, Chandigarh, IndiaChandigarhChandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
, May 20, 2005- From Village Boy to IIM Director – Article highlights Biography and Achievements of Dr. Parashar - Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
– June 8, 2009, Troubled banks swing spotlight on to Bahrain – Dr Parashar commented as expert that “Transparency is a very good concept in principle, but in reality it is driven by compliance” and “No bank is going to admit they have skeletons in their cupboard unless they are forced to”. - The Tribune Newspaper, Chandigarh, India, May 20, 2005- From Village Boy to IIM Director – Article highlights Biography and Achievements of Dr. Parashar
- The Economic TimesThe Economic TimesThe Economic Times is an English-language Indian daily newspaper published by the Bennett, Coleman & Co. Ltd.. The Economic Times was started in 1961. It is the most popular and widely read financial daily in India, read by more than 8 lakh people...
, July 16, 2006 - Mital Steel, ‘Krissh’ Case Studies for IIM-Indore – Launch of case study by Dr. Parashar and Dr. Salwant featured - Hindustan Times, July 16, 2006 - Krissh Makes it to IIM-I Classrooms – Launch of Dr. Parashar’s ‘Krissh’ (Krissh is a bollywood blockbuster movieBlockbuster (entertainment)Blockbuster, as applied to film or theatre, denotes a very popular or successful production. The entertainment industry use was originally theatrical slang referring to a particularly successful play but is now used primarily by the film industry...
of 2006) case study featured - July 17, 2006 - International Case Study of ‘Krissh’ – Dr. Parashar and Dr. Salwant’s case study on ‘Krissh’ featured
- Bahrain Tribune, December 6, 2008, Credit Crisis Strikes ‘Once-in-a-century’ .
- Economic Times, Sept 27, 2008, Towards Autonomy of IIMs.
- Gulf Daily News, Bahrain, May 17, 2009, Resolving Global Financial Crisis: Not by Liquidity Alone!.
- FINRISK I-I, BMR Advisors, Bahrain, April, 2009, Global Financial Crisis and Basel-II.
- Economic Times, December 22, 2008, Bengal Needs to Present itself as a New Brand.
- The Times of India, July 31, 2006, Building Excellence in Education.
- DNA Money, February 24, 2006, MP Budget 2006-7: All elements of a 3rd Year Itch here.
- Financial Express, October 10, 2005, Prepare well, prepare for the worst, stay cool.
- Times of India, July 11, 2005, A Jewel in the IIM Crown.
- Hindustan Times, November 1, 2005, Quantity is no substitute for Quality (50 Years of Higher Education in MP).
- Reflections - The Pioneer, August 2005, Economic Development in M.P. 10 years from Now.
- Hindustan Times, October 3, 2004, Winner will be one who does it best.
- Banker- Middle East, 2002, The Dud Cheques Menace.
- Banker- Middle East, November, 2000, Bank Olympics Need Doping Test.
- Financial Express, October 1, 1987, P 4, Flow of Bank Finance.
- Economic Times, January 6, 1986, Zero Base Budgeting- Problems and Prospects.
Journal Editorial Board Member
- International Journal of Business Competition and Growth
- International Journal of Business and Finance
- International Journal of Indian Culture and Business Management
- Journal of Venture Capital and Financial Servicesht