Dr Ravichandran K.Subramaniam

Director, Master of International Business and Senior Lecturer

School of Business

ravichandran.subramaniam@monash.edu
603 5514 6285
Room 6-5-88

Biodata

Ravichandran Subramaniam

PhD in Finance (UM); MBA in Accounting (UM); CA (M); CPA (Aust)

Dr. Ravichandran Subramaniam is a Senior Lecturer in the Department of Accounting and Finance and a Director of the Master in International Business program (MIB), Faculty of Business, Monash University Malaysia. He holds a professional accounting qualification, CPA (Aust) including a MBA in (Accountancy) and a Doctorate of Philosophy in Finance from University Malaya (UM). He has been a facilitator at various other established universities and held several positions such as Head of Accounting and Finance and Head of the American Degree Transfer Program.  Prior to the academic career, he has served public practices as well as multinational corporations, including as internal auditor in two reputable Malaysian financial institutions and as Internal Audit Manager in a multinational corporation. His research interest is widespread in the areas of Corporate Governance, Behavioral Finance, Corporate Social Reporting, Auditing, Financial Technology and Banking with special focus on regulation & risk management.

Academic Qualifications

General Certificate of Higher Management (GCHE)
Institution Monash University, Australia
Year awarded 2015
Doctor of Philosophy in Finance
Institution University Malaya
Year awarded 2011
Master of Business Administration
Institution University Malaya
Year awarded 2002
Association of International Accountants (AIA) (UK)
Institution FTMS Professional Training Centre
Year awarded 1999

Areas of Expertise

1 Corporate Governance
2 Behavioral Finance
3 Corporate Social Reporting
4 Auditing
5 Financial Technology & Banking with special focus on regulation & risk management

Teaching

Subject CodeSubject
ACW1000 Principles of Accounting & Finance
AFC3131 Performance Measurement and Control
AFC2131 Cost Information and Decision Making
ACM5903 Accounting for Business
BFM5959 Accounting and Finance for International Business

Scholarly Journals

1 Shrestha, K., Subramaniam, R., Yessy, P., and Suresh Philip, S.S (2018) Quartile hedge Ratio for Energy Markets, Energy Economics, 71, 253-272. ABDC- A*
2 Shrestha, K., Subramaniam, R., and Rassiah, P. (2017) Pure Martingale and joint normality tests for energy futures contract, Energy Economics, 63, 174-184. ABDC- A*
3Subramaniam, R., Samuel, S.D., and Mahenthiran, S. (2016) Liquidity Implication of Corporate Social Responsibility Disclosures: Malaysian Evidence, Journal of International Accounting Research (JIAR), Vol. 15, No. 1, Spring 2016, pp.133–153. ABDC-A
4Subramaniam, R. and Kannaa, T. (2015) Divergence in Effective Tax Rates: Evidence in Malaysian Listed Firms, Asia-Pacific Journal of Taxation, Vol.19 (1), pp. 65-79. ABDC-C
5Subramaniam, R., and Shaiban, M.S, (2014) Growth Opportunities and dividend policy: Some evidence on the role of ethnicity in an emerging economy, Corporate Ownership and Control, volume 12 (1) Autumn, pp.126-138. ABDC-B
6 Jeyapalan. K and Subramaniam, R, (2012) Transfer Pricing and Intangibles: OECD Guidelines Come into Focus, Tax notes international, Vol. 67 (10), pp.929-933. ABDC-C

Practitioner Journals

1Subramaniam, R. and Kannaa, T. ‘Malaysian Listed Firms: The Divergence in Effective Tax Rates’ Malaysian Institute of Accountants (MIA), Articles of Merit Award on Professional Accountants in Business (PAIB) 2013. Won a consolation prize.

Conference Proceedings

1 Munir, S., Rangel, G.J., Subramaniam, R., and Mustapha, M.Z. Is Heterogeneity a stumbling block to Innovativeness? A tale of an emerging economy: Financial Markets and Corporate Governance Conference, Victoria Business School, Wellington (New Zealand), April 19-21, 2017.
2Subramaniam, R., The, C.G.,, Mahenthiran, S., and Hasanov, A. Executive Compensation, Corporate Governance, and Dividend Policy: Evidence from Malaysia, Journal of Contemporary Accounting and Economics (JCAE), Taipei, Taiwan, January, 4 – 6, 2017.
3 Munir, S., Rangel, G.J., Subramaniam, R., and Mustapha, M.Z. Board Heterogeneity and Firm innovation in an Emerging Market: JCAE Symposium, Chulalongkorn University (Bangkok), January 7–8, 2016. 170-17, Maldives
4 Munir, S., Rangel, G.J., Subramaniam, R., and Muspapha, M.Z. Do directors’ heterogeneity influence innovation? The 6th International Conference on Governance, Fraud, Ethics and Social Responsibility, March, 2015.
5Subramaniam, R., Samuel, S.D., and Mahenthiran, S. Liquidity Implication of Corporate Social Responsibility Disclosures: Malaysian Capital Market Evidence, Proceedings, Journal of Contemporary Accounting and Economics (JCAE), Hong Kong, January, 2014. 9 -10).
6 Munir, S., Rangel, G.J., Subramaniam, R., and Mustapha, M.Z. Do directors’ heterogeneity influence innovation? The 6th International Conference on Governance, Fraud, Ethics and Social Responsibility, March, 2015.
7Subramaniam, R., and Shaiban, M.S. Growth Opportunities and Dividend Policy: Some evidence on the role of ethnicity in Malaysia, 16th Malaysian Finance Association Conference (MFA), June, 2014.
8Subramaniam, R., and Shaiban, M.S. Investment opportunity set and dividend policy in Malaysia: Some evidence on the role of ethnicity and family control, Proceedings of the 2nd International Conference on Economics, Business and Management (IPEDR), (November 2011), Vol. 22, 170-17, Maldives
9Subramaniam, R., and Susela, D.S. ‘Corporate Governance and Dividend Policy in Malaysia’ Proceedings of the “International Conference on Information and Finance (ICIF), November 26 – 28, 2010.
10Subramaniam, R., 'Distributability of profits: An empirical investigation of current practices in Malaysia' The Malaysian Finance Association, 7th Annual conference- Consolidation and Prudent Financial Management: Roads to Malaysian Economic Prosperity", May 9-10, 2005.
11Subramaniam, R. Symposium 'Undertaking Academic Research, Doing It Right, Doing It Well'. The Education and Training of Chartered Accountants in Malaysia, INTI International University, 6th December, 2004.

External Grants

Title “Corporate governance, adoption of performance-based compensation, and dividend policy: Malaysian Evidence”
Investigators Dr Ravichandran K. Subramaniam (Principle Investigator)
Dr.Teh Chee Ghee;
Dr. Akram Hasanov
Prof Sakthi Mahenthiran (Butler University, US)
Funding Period July 2014 to June 2016
Funding Body/Organisation MOSTI – Fundamental Research Grant Scheme (FRGS)
Funding Amount RM74,400
Title The Dynamics of Ownership Structure and Board Diversity in Enhancing Innovation Intensity in Malaysian Firms
Investigators Dr. Sa’adiah Binti Hj Munir
Dr. Gary John Rangel
Dr. Ravichandran K. Subramaniam
Dr. Mohd Zulkhairi Bin Mustapha (UM)
Funding Period July 2013 – June 2015
Funding Body/Organisation MOSTI – Fundamental Research Grant Scheme (FRGS)
Funding Amount RM60,000

Local Grants

Title Executive compensation, ownership and dividend policy in Malaysia
Investigators Dr. Ravichandran K. Subramaniam
Funding Period March 2014 – December 2014
Funding Body/Organisation SETA Grant SG-4-14
Funding Amount RM9,600
Title Growth opportunities, corporate governance and the dividend payout policy: Evidence from Malaysia
Investigators Dr. Ravichandran K. Subramaniam
Funding Period 1 Jan – 31 Dec 2013
Funding Body/Organisation MUSC
Funding Amount RM7,900
Title Corporate Social Responsibility and Stock Liquidity: Malaysian Capital Market Perspective
Investigators Shyamala Dhoraisingam (PI)
Dr. Ravichandran K. Subramaniam
Funding Period 1 Oct 2012 – 30 Sept 2013
Funding Body/Organisation MUSC
Funding Amount RM4,000

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