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Durga Prasad Samontaray

Associate Professor

Associate Professor, Department of Finance

Business Administration
College of Business Administration, Building 67, Second Floor, Office No. S36

introduction/brief CV

Dr. Durga Prasad Samontaray, Associate Professor - Finance,

College of Business Administration (CBA), King Saud University (KSU)

Mobile: +966558221973, +918125405573               

dsamontaray@ksu.edu.sa                        drdpsray@gmail.com                                

Dr. Durga Prasad Samontaray is an internationally experienced academic and practitioner whose career reflects a sustained engagement with both industry and academia, positioning him as a role model in bridging theory with practice. With over 28 years of professional experience, including senior academic leadership and corporate experience, he has consistently contributed to transforming business education by enhancing relevance, rigor, and societal impact.
Currently serving as Associate Professor of Finance at the College of Business Administration, King Saud University, an AACSB-accredited institution, Dr. Samontaray has played a pivotal role in aligning academic programs with industry expectations through outcome-based education, assurance of learning, and accreditation-driven quality frameworks. His leadership in AACSB accreditation and curriculum development has strengthened industry readiness, employability, and applied learning outcomes.
Dr. Samontaray’ s research spans corporate governance, ESG, sustainability, banking, and financial markets, with a strong focus on emerging and Gulf economies. His work has been published in 39 Web of Science, Scopus, and ABDC-ranked journals, and includes case studies, editorial books, and a registered patent. These contributions reflect his commitment to research that informs policy, corporate decision-making, and responsible business practices.
A recipient of multiple Outstanding Excellence Awards for teaching, research, and accreditation leadership, Dr. Samontaray is widely recognized for integrating industry cases, financial technologies, and experiential learning tools into the classroom. He collaborates with global publishers and case platforms to ensure that students and professionals engage with contemporary business challenges.
As a keynote speaker and session chair at international conferences, Dr. Samontaray brings a balanced perspective that demonstrates how academia can catalyze industry transformation. In contrast, industry engagement enriches teaching, research, and institutional excellence.
Academic Achievements & Professional Distinctions
• Current Academic Appointments
o Associate Professor of Finance, College of Business Administration, King Saud University (2011–present)
• Experience & Credentials
o Over 28 years of academic, research, and industry experience, including 20 years post-Ph.D.
o Ph.D. in Finance, University of Allahabad (2006), a central University in India (#219 in Asia by QS)
o FDPM, Indian Institute of Management Ahmedabad (#58 QS Global 2026),
o MBA (Finance), Berhampur University (1996–98)
• Teaching Excellence
o Recipient of the Outstanding Excellence Award in Teaching (2025, 2024, 2015).
o Extensive teaching across Ph.D., MSF, MBA, and BBA levels in Financial Modeling, Investment
Durga Prasad Samontaray,
Associate Professor – Finance
College of Business Administration (CBA),
King Saud University (KSU),
Riyadh, Saudi Arabia
Mobile: +966558221973 drdpsray@gmail.com
Page 2 of 13
Analysis, Asset Valuation, Corporate Finance, and Corporate Governance
• Research Impact
o Outstanding Excellence Award in Research
o Publication details, including:
39 scholarly Publications (26 publications in Web of Science, Scopus, or ABDC-listed journals).
6 are under review process in WoS, Scopus, journals & 6 are work in progress (Current research interests: ESG, SDGs, Corporate Governance, Banking, and Financial Markets).
o Foreign Ph.D. examiner for reputed universities.
o Presented in more than 50 Int Conferences.
o Session Chaired/Keynote Speaker at more than 20 International Conferences.
o Attended more than 100 International Conferences.
o Editorial Board Member for indexed peer-reviewed journals (Taylor & Francis, Inderscience, Elsevier, Sage, Emerald).
• Academic Leadership & Accreditation
o Chair, Assurance of Learning (AOL) Committee, AACSB Accreditation (2012–present), Head, Quality & Accreditation Committee, Department of Finance (2014–present), Coordinator, AACSB Accreditation (2016) and Maintenance Visit (2022)
o Outstanding Excellence Award in AACSB Accreditation (2025, 2024, 2016)
• Global Engagement & Recognition
o Keynote Speaker, Session Chair, and Plenary Presenter at nine international conferences and seminars
o Board of Studies Member, BIITM, Bhubaneswar, India
o Digital faculty consultant of McGraw-Hill and an Instructor member of HBSP, Ivey Publishing, and ECCH
• Pedagogical Innovation
o Integration of IT tools into finance curriculum: Pearson MyFinanceLab, McGraw-Hill Connect, LMS/Blackboard, Edugate, Excel, and financial calculators
o Use of global case studies from HBSP, ECCH, and Ivey to enhance experiential learning

 

Detailed CV

  1. Academic, Research, and Industry Experience: More than 27 Years (16 years in College of Business Administration, King Saud University)  
  2. Educational Qualifications:
Degree University Year of Award Subjects Remarks
Ph.D. MONIRBA, University of Allahabad (Central University of India), Allahabad, India 2006 "Disclosure and transparency for good corporate governance: case studies of selected Indian companies"  
FDPM Indian Institute of Management (IIMA) – Ahmadabad, India 2003 Management 24th FDP (Residential)
MBA Berhampur University, Orissa, India 1998 Finance University 4th Rank
PG Diploma Pondicherry University 2002 International Business  
Graduation Berhampur University, Orissa, India 1996 Commerce Gold Medalist
Intermediate Council of Higher Secondary Education, Orissa, India 1993 Commerce State 6th rank
  1. Publications Achievements:
  2. Year 2026:

i. Samontaray, D. P., Nasir, N. M., & Ali, N. (2026). Systematic Risk, Macro Financial Linkages, and Stress Testing: Evidence from the Emerging Economy. Sustainability, 18(3), 1343. https://doi.org/10.3390/su18031343 (Web of Science and Scopus – Q1).
ii. Kumar, R., Bansal, A., Samontaray, D.P., and Goel, M. (2026). Systematic Literature Review on the Vitality of Forensic Accounting in Proactively Safeguarding Against and Detecting Corporate Frauds, accepted for publication (April 2026) by Review of Finance Literature, by Emerald Publication [Scopus Indexed].
Year 2025:
iii. Samontaray, D. P., & Osman, M.A.M. (2025). Leadership Structures and Financial Sector Performance: Evidence on Corporate Leadership and Supervisory Committees in the Gulf Region. Pertanika Journal of Social Sciences and Humanities, 33(6), 2549-2568. (Web of Science and Scopus – Q1).
iv. Pahuja Y.P., Mishra S.K., Samontaray D.P. (2025). The Impact of ESG on Firm Performance: Study of Listed Saudi Arabian Companies. Journal of Corporate Finance Research. 19(4), 18-30. https://doi.org/10.17323/j. jcfr.2073-0438.19.4.2025.18-30 [Scopus Indexed].
v. Kumar, R., Bansal, A., Samontaray, D.P., and Kumar, N. (2025). Navigating Profitability and Assessing Impact through Strategic Working Capital Management in the Indian Auto Industry. SCMS Indian Journal of Management. XXII(4), 109-128. [Scopus Indexed].
vi. Kunasekaran, P., Samontaray, D.P., Amjah, H.M., and Loganathan, K. (2025), Thematic Explorations in Sciences and Humanities, UPM Press, Malaysia, 1-273 (Scopus Indexed Editorial Book).

2024:

  1. “The Impact of (CG) on Firm Performance: Evidence from Emerging Country Banking Industry” (2024), Copernican Journal of Finance & Accounting (ABDC – “B”), 12(2), 27-46.
  2. To Plot or Not to Plot: An Exercise on Understanding and Comparing Datasets (W34893), (2024) has been published in IVEY Case Publishing, Canada.
  3. FINANCIAL DATA MANAGEMENT DEVICE FOR BANKS, Patent Design number: 6371278, (June, 2024), Intellectual Property Office, UK.
  4. Samontaray, D.P., Bhargav, S., Noorjahan, S., & Kataria, A. (2024). “Global Financial Crisis”, Taran publications, New Delhi, 1-216 (Book Publication).

2023:

  1. “Does the Sensitivity of Firm Performance Impact the Determinants of CEO Compensations? An Empirical Evidence with Saudi Insurance Companies” (2023), “FIIB Business Review” 1-14. (Sage Publication, online first, Scopus, ABDC & SSCI indexed Journal).
  2. “Analysing Markov Dependence-Switching between E7 Stock Markets” (2023), “Economic Research-Ekonomska Istraživanja” 36(1), 1-22. (Routledge, Taylor & Francis Publication, Scopus indexed Journal).
  3.  “Does the Board Influence the Bank Performance? An Islamic & Commercial Banking Experience” (2023), “International Journal of Professional Business Review”, 8(3), 1-17. (Scopus-indexed journal).
  4. “The Impact of Compensation on the Job Satisfaction of Public Sector Enterprises in Saudi Arabia” (2023), Corporate Ownership & Control, 20(4), 175-186. (ABDC “B” Indexed).
  5.  “ARE IPOS UNDERPRICED? EMPIRICAL EVIDENCE FROM SAUDI ARABIA” (2023), Corporate Ownership & Control, 20(2), 156-165. (ABDC “B” Indexed).

2022:

  1. “Direction Predictability in Exchange Rates Markets of Emerging Economies: New Evidence using Cross-Quantilogram Approach” (2022), Borsa Istanbul Review, 22(1), pp:145-155. (Elsevier Publication, SSCI, SCI, and Scopus indexed Journal).
  2. "Corporate Governance and Performance of Insurance Companies in the Saudi Market" (2022), “The Journal of Asian Finance, Economics and Business”, 9(4), 213-228. (SSCI Indexed Journal).
  3. “Do the Board Characteristics Influence the Firm Performance? An Experience with the Capital-Intensive Industries Listed in the Saudi Stock Exchange (TADAWUL)” (2022), “International Business Research”, 15(9), 62-69.

2019 - 2021:

  1. “Real Earnings Management and Persistence of Firm Value - Evidence from India” (2021), “The Journal of Asian Finance, Economics and Business”, 8(12), 323-336. (SSCI Indexed Journal).
  2.  “Corporate Governance in Saudi Arabia: What Happens to Firm Value When the Board of Directors and Ownership Structure Interact?” (2020), International Journal of Business Innovation and Research, 23(2), 205-249 (Scopus indexed and ABDC Ranked Journal).        
  3. “Corporate Governance and Firm Performance in the Saudi Banking Industry” (2019), Banks and Bank Systems [ISSN: 1816-7403 (print), 1991-7074 (online)], 14(1), 147-158 (Scopus indexed and ABDC Ranked Journal).             
  4. Ph.D./Master Guide and/Examiner: 6 International Universities
  5. Reviewer of Peer Reviewed International Journals: 14 Peer Reviewed journals indexed in Scopus/Web of Science /ABDC.
  6. Keynote Speaker/Chairman/Member of Scientific Committee & Technical Track of International Conferences:
  7. Session Chair at the 1st International Conference on Business Research and Innovation (BRAIN'24), held on the 9th and 10th of August 2024 at Netaji Subhas University of Technology, New Delhi.
  8. Keynote Speaker at the International Conference on “Navigating the Global Landscape: Embracing Sustainable Strategies in Business and Economy” on the 26th and 27th of June 2024, organized by Arka Jain University, Jamshedpur.
  9. Keynote Speaker of the event and delivered a talk in a two-day (Online) National Seminar on the topic “India’s G-20 Presidency, Sustainable Development Goals (SDGs) and New Agendas for ‘Global South’ Countries in the 21st Century” organized by Department of Arts, Humanities and Social Sciences & Department of Commerce at Jaypee University Anoopshahr, Bulandshahr, (U.P.) INDIA held from 23 to 24 January 2024.
  10. Presentation in International Conferences and Workshops
  11. Presented a research paper titled "The effect of tax avoidance on corporate reputation & financial performance: A study of Bahrain” at the ICSSR Sponsored 1st International Conference on Business Research and Innovation (BRAIN’24), held on 9th & 10th August 2024, organized by Netaji Subhas University of Technology, New Delhi.

https://brain24nsut.co.in/

  1. Presented a research paper titled "Accounting for intangible assets: A critical analysis with specific reference to Bahrain” at the ICSSR Sponsored 1st International Conference on Business Research and Innovation (BRAIN’24), held on 9th & 10th August 2024, organized by Netaji Subhas University of Technology, New Delhi.               https://brain24nsut.co.in/
  2. Awards/Prizes Won:
  3. CBA, KSU awarded Outstanding Excellence award in international accreditation (AACSB) in the academic year 2016 and 2024.
  4. CBA, KSU awarded Outstanding Excellence award for teaching in the academic year 2015 and 2024.
  5. CBA, KSU awarded Outstanding Excellence award for scientific research in the academic year 2024.

 

areas of expertise

  1. Important Courses Taught at CBA, KSU (Ph.D./Master/UG Levels):

Asset Valuation

Advanced Corporate Finance

Research Project in Finance

Case Studies in Finance

Financial Management in Hospitals

Financial Modelling

Investment Analysis

Portfolio Theory & Investment Analysis

International Finance

Financial Markets & Institutions

publications
see all

publications

Maintaining profitability is very important for every organisation; without it, a company cannot survive in the long
term. Effective working capital management can improve the profitability of…

by Rahul Kumar, Atul Bansal, Durga Prasad Samontaray, Nikhil Kumar
2025
Published in:
SCMS Journal of Indian Management (Scopus Indexed)
publications

Abstract
This study examines how Environmental, Social, and Governance (ESG) performance affects financial outcomes for listed
Saudi Arabian companies between 2019 and 2023. Through a study…

by Yash Paul Pahuja, Susanta Kumar Mishra, Durga Prasad Samontaray
2025
Published in:
Journal of Corporate Finance Research (SCOPUS Indexed)
publications

ABSTRACT
The expansion of the Saudi economy depends on the financial markets. This study examines the
relationship between corporate governance and the performance of financial institutions…

by Durga Prasad Samontaray, Mohamed Abdel Mawla Osman
2025
Published in:
Pertanika Journal of Social Science & Humanities (SCOPUS & WoS Indexed)

courses
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course

This course focuses on the application of Financial spread sheet in Financial Management and Corporate Finance.

course

DESCRIPTION The course is an introduction to corporate finance and provides a framework for analyzing investment and financial decisions of corporations. The course…

course

•Asset Pricing, CAPM, Capital market efficiency, Arbitrage Pricing Theory, (4th Feb). List of research papers available in LMS. •Fama-French Three Factor, Four factor, Fama-French five…

office hours

Saturday Sunday Monday Tuesday Wednesday Thursday Friday
from _ 10:49 PM _ 10:50 PM _ _ _
to _ 12:49 PM _ 12:50 PM _ _ _
location _ Office No.S36, Building 67, College of Business Administration, King Saud University Office No.S36, Building 67, College of Business Administration, King Saud University _ Office No.S36, Building 67, College of Business Administration, King Saud University Office No.S36, Building 67, College of Business Administration, King Saud University _ _ _