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Sonal Kumar

Sonal Kumar is an Assistant Professor in the Finance Department at Ë¿¹ÏÊÓÆµ University. She received her Ph.D. in Corporate Finance from Concordia University, Montreal, Canada. Her teaching interests include financial management, corporate finance, mergers and acquisitions, and behavioral finance. Dr. Kumar’s research focuses on corporate governance, social responsibility, and the broader impact of corporate policies in a global context. Her work has been published in journals such as Finance Research Letters, Managerial Finance, and Small Business Economics. She has also presented her research at leading academic conferences, including the Financial Management Association (FMA), Southern Finance Association (SFA), Behavioral Finance Working Group (BFWG), and the Academy of Management (AOM).

Degrees Awarded

Ph D, John Molson School of Business, Concordia University

MS, Odette School of Business, University of Windsor

MS, Panjab University

Ph D, John Molson School of Business, Concordia University

MS, Odette School of Business, University of Windsor

MS, Panjab University

Selected Publications

Yavuz, R.,Kumar, S.,Zbib, L.,Nigro, P., Founder Gender and Firm Exit Routes: The Mediating Roles of Firm Size and VC Financing, Small Business Economics, 2025.

Kumar, S.,Ravi, R.,Basu, N., Between responsive gestures and adaptive actions: deciphering the differential impact of CSR strategies on stock market performance, Managerial Finance, 2024.

Kumar, S.,Ravi, R.,Leithman , G.,Betton, S., Does distinction disguise discrimination? A look at female and non-white CEO performance, Academy of Management, 2023.

Kumar, S.,Kooli, M.,Fardnia, P., The zero-leverage policy and family firms, Managerial Finance, 2023.

Kumar, S.,Ravi, R., Earnings management: Are men from Mars and women from Venus?, Managerial Finance, 2022.

Kumar, S.,Zbib, L., Firm Performance during the Covid-19 Crisis: Does Managerial Ability Matter?, Finance Research Letters, 2022.

Yavuz, R.,Kumar, S.,Zbib, L.,Nigro, P., Founder Gender and Firm Exit Routes: The Mediating Roles of Firm Size and VC Financing, Small Business Economics, 2025.

Kumar, S.,Ravi, R.,Basu, N., Between responsive gestures and adaptive actions: deciphering the differential impact of CSR strategies on stock market performance, Managerial Finance, 2024.

Kumar, S.,Ravi, R.,Leithman , G.,Betton, S., Does distinction disguise discrimination? A look at female and non-white CEO performance, Academy of Management, 2023.

Kumar, S.,Kooli, M.,Fardnia, P., The zero-leverage policy and family firms, Managerial Finance, 2023.

Kumar, S.,Ravi, R., Earnings management: Are men from Mars and women from Venus?, Managerial Finance, 2022.

Kumar, S.,Zbib, L., Firm Performance during the Covid-19 Crisis: Does Managerial Ability Matter?, Finance Research Letters, 2022.

Awards and Honors

Best Paper Award in Academy of Management, 2023

Financial Management Association (FMA) Travel Grant, 2019

Humberto Santos Award, 2018

Business Ph.D Scholarship, 2014

Dean's List for Academic Excellence, 2013

Gold Medal for Academic Excellence, 2012

Best Paper Award in Academy of Management, 2023

Financial Management Association (FMA) Travel Grant, 2019

Humberto Santos Award, 2018

Business Ph.D Scholarship, 2014

Dean's List for Academic Excellence, 2013

Gold Medal for Academic Excellence, 2012

Teaching Interests
Financial Management, Corporate Finance, Mergers and Acquisitions, Behavioral Finance.
Financial Management, Corporate Finance, Mergers and Acquisitions, Behavioral Finance.
Research Interests
Corporate Finance, Corporate Governance
Corporate Finance, Corporate Governance