Dinesh Gajurel

Assistant Professor

PhD (University of Tasmania)

Business Administration, Faculty of

Tilley Hall 333


1 506 453 5170

Dinesh Gajurel joined the Faculty of Business Administration in the summer of 2017. Dinesh’s research interest and expertise includes financial crises & contagion, corporate finance, asset pricing, and empirical finance. His PhD thesis examined how the global financial crisis (2007-2009), which originated in the US, spread to other countries and how such crisis shocks contributed to the systemic banking crisis in different countries.

He has published papers in scholarly peer-reviewed journals including the Journal of Banking & Finance, and Economic Systems. Dinesh is currently researching high-frequency finance and the impact of the oil price crisis in financial and real sectors of the Canadian economy. Dinesh serves as a referee for a number of journals including the Journal of Banking & Finance, European Journal of Finance, International Review of Economics and Finance, Economic Modelling, Economic Systems, Journal of Asian Economics, and South Asian Journal of Global Business Research.

Dinesh enjoys teaching and has a broad range of experience teaching in finance, from core courses such as introductory corporate finance and investments to advance courses such as applied quantitative finance, and financial derivatives, from standalone business courses to research based tailored courses, from conventional face to face teaching to online teaching. Currently, at UNB, he teaches Corporate Finance (BBA), and Investments (MBA). Before joining UNB, Dinesh was at Trent University, University of Tasmania, and Tribhuvan University.

Peer-reviewed publications

Contagion and Banking Crisis – International Evidence for 2007-2009, Journal of Banking & Finance, vol. 60, pp. 271-283, 2015. (with M. Dungey)

Equity Market Contagion during the Global Financial Crisis: Evidence from the World’s Eight Largest Economies, Economic Systems, vol. 38, pp:161-177, 2014. (with M. Dungey)

Competition and Concentration in Nepalese Banking, Journal of Business, Economics and Finance, vol. 1, pp. 5-16, 2012. (Lead article – with R. Pradhan)

Structure-Performance Relation in Nepalese Banking Industry, International Proceedings of Economic Development and Research, vol. 2, pp. 25-31, 2011. (with R. Pradhan)

Other publications

How can countries protect their banks against international contagion?, London School of Economics Business Review (24 Nov. 2015). (with M. Dungey)

Macroeconomic Influences on Corporate Capital Structure. Prayas: A Journal of Management (Nepal Commerce Campus, Kathmandu, Nepal), vol. 2, pp. 30-34, 2006.

Capital Structure Management in Nepalese Enterprises, Corporate Finance eJournal (SSRN)

Working papers

  • Does Jump Risk Matter? Evidence from Canadian Stock Market
  • Jump Risk and Systemic Risk in the US Financial Sector (with M. Dungey, N. Jayasreedhara, and W. Yao)
  • Identifying Financial Contagion using a Conditional Factor Model (with M. Dungey)
  • Cost Efficiency of Nepalese Commercial Banks


  • Impact of Oil Price Crisis in Canadian Financial Markets and Real Economy Sectors
  • Systemically Important Financial Institutions and Real Economy
  • Risk, Uncertainty and Monetary Policy and Asian Economies
  • Oil Price Crisis, Contagion and Real Economy: A Global Perspective