Newcastle University London

Staff Profiles

Dr Rama Kanungo

Senior Lecturer in Finance


Rama Kanungo is a Senior Lecturer in Finance.  He holds a PhD degree in Finance from Aston University, three Master’s degrees and two Undergraduate degrees, one in Mathematics (with Distinction) and one in Corporate Law. Prior to his academic career, he worked for corporate firms in India and UK in various consultancy roles. Rama also practised corporate law for three years.


Rama’s research is largely interdisciplinary by nature, where the dominant theme of his research sits across complementary subject tracks that include Finance, Innovation, Fintech, AI, Financial Inclusion, Financial Market and Institutions.  He combines several theoretical constructs from International Business, Strategic Management and Industrial Marketing to enrich the context of his studies. He believes, the tangibility of research that is central to theory generation and validation has a profound societal significance which is interesting and equally compelling to explore through the lenses of interdisciplinary and cross-disciplinary research. To this end, he has widely published in refereed journals, books, media outlets and parliamentary reports. His written evidence published by the Parliamentary Select committee relating to COVID-19 and the House of Lords Select Committee on Financial Exclusion has been published and cited by many media outlets including the British parliament, BBC, FT, Reuter, Financial Inclusion Commission etc. Rama has published more than 15 refereed journals in journals of national and international excellence. In addition to his publications, Rama has presented several papers at international conferences and symposiums at Surrey University, Aston University, Oxford University and Cambridge University. He has chaired the Corporate Governance Track at CGIR 20th Anniversary Conference on National Governance Bundles, Judge Business School, Cambridge University.


He has undertaken national and international collaborations through publication and grant applications together with co-authors from universities in India, France, Australia, Finland, the USA, and the UK (Aston, Oxford, Durham, Lancaster, Sheffield, Bradford). Also, he has been actively engaged with a number of industry immersive initiatives by the New York Institute of Finance (NYIF), CIMA, ACCA, Bloomberg, Volvecube and FitchConnect to enrich teaching and research provision.

Rama has led MSc Banking and Finance programme at the London campus for six years and as the senior tutor for the last 7 years, he has provided comprehensive pastoral care focusing on equality, diversity and inclusion.

Professional activities:


Peer Reviewer for the evaluation of scientific project proposals of the funding programmes by the Science Fund of the Republic of Serbia, the Government of Serbia.

Member of Editorial Team - Journal of Frontiers of Finance and Journal of International Business & Management.

Executive Board Member-4th International Conference of Marketing, Strategy & Policy: Building Resilient Business Models, 2020.

Organizing Committee Member- International Conference on Business Management, Social Sciences & Economics, San Francisco, USA, 2019.


Reviewer for-European Journal of Operational Research, Journal of Business Research, European Management Review, International Journal of Finance and Economics, British Journal of Management and California Management Review.



Policy engagement:

Connected tech: Smart or Sinister. Written evidence published by the Digital, Culture, Media and Sport Committee, Parliamentary Committee, UK.

The impact of coronavirus on businesses and workers- Written Evidence published by the Select committee inquiries relating to COVID-19 and its impacts, Parliamentary Committee, UK.

The House of Lords Select Committee on Financial Exclusion-Published Evidence. “Tackling financial exclusion: A Country that works for everyone?" UK.


Awards and academic recognition:

  • Outstanding Paper award from Emerald Literati, 2008.
  • SSRN's Top Ten download list author 2020-2021
  • Senior Fellow of the HEA


Rama’s research broadly includes 2 streams:

Corporate Finance 

This area of his research refers to the capital market and market structures at the micro, meso and macro-level examining firm-level constructs and identifying market antecedents. Factors such as Ownership concentration, Managerial friction, Resource allocation, and M&As are of particular interest.

Technological Innovation and Inclusion

This research focuses on how technological innovation disrupts conventionally held views about societal well-being and how to contest it, how digitalisation through financial technology has advanced inclusion for the marginalise and disenfranchised people, how disruptive Innovation through responsible Artificial Intelligence (AI) impacts business model on platform ecosystem and what are the factors that influence financial intermediaries’ digitalisation leading to financial inclusion.

Rama engages with several empirical approaches for his research, such as GARCH estimation, Time-series Analysis, Multilayer Perceptron (MLP) Neural Network (NN), and Sociomateriality analysis.


PhD supervision:

Potential candidates those are interested in the above or related research areas, can contact Rama with their CV, a research proposal and a statement of interest.  



Rama has taught modules, i.e. Financial Control and Resource Management, Financial Derivatives, Portfolio Management, Financial Strategy, Exploiting Capital and Managing Risk, Corporate Finance, Financial Markets & Institutions in various academic institutions.

He currently teaches Derivative Markets and Financial Derivatives for the undergraduate and postgraduate programmes.