Discover how Prof Varun Jindal best paper award at IMRC 2025 research India signals a major achievement in sustainable finance research and what it means for global markets.
In a landmark recognition for research excellence, Prof Varun Jindal best paper award at IMRC 2025 research India has attracted significant attention in academic and financial communities worldwide. This outstanding recognition was announced at the India Responsible Capital Conference (IRCC) 2025, co‑located with the India Management Research Conference (IMRC 2025) in Ahmedabad, one of South Asia’s most prestigious academic forums for management and finance research.
The award‑winning research examined the intra‑industry spillover effects of corporate green bond announcements in the US, expanding the frontier of sustainable finance with empirical insights that promise to inform both policy and practice.
A Milestone in Academic Research and Sustainability
At its core, the study highlights how corporate green bond announcements do not simply impact individual firms but ripple across industries, creating measurable spillover effects that influence investor behavior, firm valuations, and market stability. This level of analysis is crucial in an era where environmental, social, and governance (ESG) criteria are increasingly tied to capital flows, particularly in responsible finance markets globally.
The research was co‑authored by Prof. Varun Jindal, an esteemed faculty member in the Finance & Accounting area at the Indian Institute of Management Bangalore (IIMB), along with Sourav Prasad, a PhD candidate at IIM Bodh Gaya, and Prof. Arun Upadhyay from Florida International University.
This award places Prof. Jindal’s work in the broader context of sustainable financial innovation, emphasizing the necessity of advanced empirical research in shaping both academic understanding and real‑world investment frameworks.
Understanding Green Bonds and Market Spillovers
Green bonds have emerged as a transformative force in sustainable finance, providing a mechanism for corporations and governments to raise capital specifically for projects that deliver environmental benefits. These bonds play a central role in global decarbonization efforts and sustainable infrastructure development.
Yet, as this award‑winning study reveals, the impact of green bond announcements extends beyond the issuing firm:
- Cross‑industry effects: The research found that when a company announces a green bond issuance, companies within the same industry often experience correlated market reactions, reflecting investor reassessment of entire sectors.
- Investor behavior shifts: Financial markets increasingly factor ESG metrics into risk assessments and asset pricing, which can have broader implications for strategic investment decisions.
These findings underpin why Prof Varun Jindal best paper award at IMRC 2025 research India holds significance not only for academics but also for financial practitioners who seek to understand the interplay between sustainability announcements and market dynamics.
The India Responsible Capital Conference: A Premier Research Forum
The India Responsible Capital Conference, a key component of IMRC 2025, serves as a global stage for pioneering research in sustainability, governance, and corporate responsibility. It convenes scholars, policymakers, practitioners, and industry leaders from over 30 countries to discuss pressing economic and financial challenges.
Experts participating in IRCC emphasize that high‑impact research, such as Prof. Jindal’s study, helps bridge the gap between theoretical academic work and the practical concerns of investors and regulators. It solidifies the role of academic inquiry in shaping sustainable financial ecosystems.
According to Dr. Meera Singh, a senior fellow in sustainable finance at the University of Mumbai, “Research that decodes market spillovers in sustainability contexts isn’t just academic—it directly informs investment strategies and regulatory frameworks that foster resilient financial markets.”
Profiles: Leading Contributors to the Award‑Winning Research
Prof. Varun Jindal
Prof. Jindal’s academic journey and expertise in finance and corporate governance have positioned him as a leading voice in sustainable finance. A graduate of premier institutions and a recipient of multiple research accolades over the years, his contributions consistently blend rigorous methodology with practical relevance.
Sourav Prasad
Currently a PhD student at IIM Bodh Gaya, Prasad’s research interests align with market behavior and sustainable investment analysis—areas that are gaining traction as ESG considerations reshape financial ecosystems worldwide.
Prof. Arun Upadhyay
A distinguished faculty at Florida International University, Prof. Upadhyay brings a global perspective to corporate finance research, strengthening cross‑continental academic collaborations that enhance the reach and impact of this study.
Expert Commentary: Why the Award Matters
Industry analysts and financial educators underscore that Prof Varun Jindal best paper award at IMRC 2025 research India underscores the growing relevance of sustainable finance research. With green finance becoming integral to global policy agendas—especially after the landmark COP26 and COP27 commitments—such research complements international regulatory priorities that link financial performance with environmental sustainability.
Moreover, the empirical findings challenge existing assumptions about isolated corporate effects, showing how green initiatives can shape investor confidence and cross‑sector investment patterns.
Broader Implications for Academia and Industry
For Researchers and Educators
This award signals opportunities for emerging scholars to pursue interdisciplinary research that blends finance, sustainability, and data analytics. It validates the relevance of rigorous empirical investigation in addressing contemporary financial phenomena.
For Investors and Corporations
The study equips market participants with actionable insights into how sustainability announcements shape broader market reactions, offering a framework to integrate ESG considerations more holistically in investment decisions.
For Policy Makers
Understanding industry spillovers enriches policymaking that aims to foster sustainable business practices without triggering unintended market volatility.
Connecting to Broader Knowledge Resources
If you are exploring topics related to sustainability, finance, and academic research, the following resources may deepen your understanding:
- Explore current economics and policy news at Current Affairs.
- Access Notes and MCQ’s for study material spanning business and financial concepts.
- Watch expert discussions on sustainable finance in the Videos section.
- Prepare with thematic units from the Syllabus area.
- Benefit from curated content on responsible investing strategies under NCERT Courses.
External Resources for Schools & Institutions
For schools and education institutions seeking expert digital solutions, contact Mart Ind Infotech for technology and academic tools to support research and curriculum innovation.
Toppers Use Mind Maps to score more than 95%
-
NCERT Class 11th Commerce Mind Maps
Add to cartOriginal price was: ₹999.00.₹199.00Current price is: ₹199.00. -
NCERT Class 12th Chemistry Mind Maps
Add to cartOriginal price was: ₹199.00.₹75.00Current price is: ₹75.00. -
NCERT Class 12th Commerce Mind Maps
Add to cartOriginal price was: ₹999.00.₹199.00Current price is: ₹199.00. -
NCERT Class 12th Science Mind Maps
Add to cartOriginal price was: ₹999.00.₹199.00Current price is: ₹199.00. -
NCERT Mind Maps For Class 10th
Add to cartOriginal price was: ₹999.00.₹199.00Current price is: ₹199.00.
Purchase Today
1. Why did Prof Varun Jindal receive the best paper award at IMRC 2025 in India?
Prof Varun Jindal received the recognition for an award-winning research paper that examined intra-industry spillover effects of corporate green bond announcements, leading to the Prof Varun Jindal best paper award at IMRC 2025 research India.
2. What was the research topic that earned the IMRC 2025 best paper award in sustainability?
The research focused on how corporate green bond issuances influence market behavior within the same industry, a theme central to the IMRC 2025 corporate green bond paper awarded runner up in sustainability category.
3. Who were the co-authors of the green bond spillover effects research study?
The study was co-authored by Prof Varun Jindal of IIM Bangalore, Sourav Prasad from IIM Bodh Gaya, and Prof Arun Upadhyay of Florida International University, forming the team behind the IIMB co-authored study wins corporate sustainability best paper award.
4. What is the significance of the “Green Game in Town” study on green bonds?
The Green Game in Town study on green bonds spillover effects research highlights how sustainability-linked financial decisions by one firm can affect valuation and investor sentiment across an entire industry.
5. At which academic event was Prof Varun Jindal’s research recognized in 2025?
The award was presented during the India Responsible Capital Conference, held alongside IMRC 2025, making it part of the India Responsible Capital Conference 2025 best paper recognition finance program.
6. Why is IMRC 2025 considered an important platform for sustainability research?
IMRC 2025 is one of India’s most respected management research conferences, offering global visibility to studies like the IMRC 2025 corporate green bond paper awarded runner up in sustainability.
7. How does this award strengthen IIM Bangalore’s academic reputation?
Recognition such as the IIMB co-authored study wins corporate sustainability best paper award reinforces IIM Bangalore’s standing as a leader in impactful finance and sustainability research.
8. How does the research contribute to sustainable finance and ESG investing?
The findings provide empirical evidence on how green bond announcements affect broader markets, supporting better ESG-driven investment decisions, as highlighted by the Prof Varun Jindal best paper award at IMRC 2025 research India.
9. What makes this green bond research relevant for policymakers and investors?
By revealing intra-industry market spillovers, the Green Game in Town study on green bonds spillover effects research helps regulators and investors understand the systemic impact of sustainability-linked financial instruments.
10. Why is the India Responsible Capital Conference 2025 important for academic finance research?
The conference serves as a global forum for responsible finance discussions, and the India Responsible Capital Conference 2025 best paper recognition finance category highlights research that bridges academic insight with real-world market relevance.