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Research

Research and Publications

Work in financial econometrics, market efficiency and behavioral finance, with applications to the Nepal Stock Exchange and Nepali households.

Research focus areas

  • Financial econometrics

    Panel data, linear and non-linear time-series methods.

  • Market efficiency and long-memory volatility

    MFDFA, GARCH family models, and applications to NEPSE and sector indices.

  • Behavioral finance

    Personal financial behavior, financial literacy, and decision-making among Nepali households and students.

  • Bibliometric analysis

    Mapping the literature on green finance, ESG performance, and Industry 5.0 to identify thematic structures and research gaps.

Peer-reviewed journal articles

  1. 2026Q1 journal

    Paudel, S. (2026). Non-linear properties of Nepalese capital market: A multifractal detrended fluctuation analysis approach. Social Sciences & Humanities Open, 14, 103174.

    doi.org/10.1016/j.ssaho.2026.103174
  2. 2026

    Bhandari, O. P., Paudel, S., and Paudel, S. (2026). Green finance instruments and sustainable industrial transformation in the age of Industry 5.0. Academia Journal of Humanities & Social Sciences, 3, 282-309.

    doi.org/10.3126/ajhss.v3i1.96860
  3. 2026

    Paudel, S., Gyawali, B., Paudel, S., and Khanal, M. N. (2026). Towards Industry 5.0: a bibliometric analysis of green finance, digital transformation, and ESG research. The Lumbini Journal of Business and Economics, 14(1), 69-87.

    doi.org/10.3126/ljbe.v14i1.92007
  4. 2026

    Adhikari, L., Sapkota, P., Paudel, S., and Bhandari, N. R. (2026). Risk reward: unveiling credit risk and performance of commercial banks in Nepal. Janabhawana Research Journal, 5(1), 124-143.

    doi.org/10.3126/jrj.v5i1.97906
  5. 2025

    Paudel, S., and Bhandari, O. P. (2025). Lived experiences of corruption in public service delivery: a phenomenological study in Butwal, Nepal. Journal of Interdisciplinary Studies, 14(1), 111-132.

    doi.org/10.3126/jis.v14i1.88420
  6. 2025

    Poudel, P., and Paudel, S. (2025). Quantitative trading strategy, backtesting, and performance analysis using Python: a data-driven analysis. Quest Journal of Management and Social Sciences, 7(2), 219-238.

    doi.org/10.3126/qjmss.v7i2.87782
  7. 2025

    Panday, S., and Paudel, S. (2025). Role of energy consumption on economic growth: evidence from Nepal. The Lumbini Journal of Business and Economics, 13(2), 167-181.

    doi.org/10.3126/ljbe.v13i2.82930
  8. 2025

    Paudel, S. (2025). From knowledge to action: students' personal financial management in Rupandehi District of Nepal. KMC Journal, 7(2), 310-330.

    doi.org/10.3126/kmcj.v7i2.83454
  9. 2024

    Paudel, S. (2024). Predicting NEPSE index: an ARIMA-based model. The Lumbini Journal of Business and Economics, 12(1), 16-29.

    doi.org/10.3126/ljbe.v12i1.70318
  10. 2021

    Tandan, L., and Paudel, S. (2021). The relationship among the inflation, broad money, and economic growth: evidence from Nepal. The Lumbini Journal of Business and Economics, 9(1-2), 68-73.

    doi.org/10.3126/ljbe.v9i1-2.45989

Working papers and manuscripts under review

  1. Under review

    Paudel, S., and Sapkota, P. (2026). Evolution of market efficiency in Nepal: sectoral insights through skewed multifractal detrended fluctuation analysis. Submitted to Cogent Economics and Finance.

  2. Revising after presentation

    Paudel, S., Agrahari, R., and Sapkota, P. (2026). Socio-cultural drivers of women's empowerment in rural Nepal: the mediating roles of family support and mobility.

  3. Revising after presentation

    Paudel, S., and Paudel, S. (2026). The impact of teaching method on long-term knowledge retention: a quasi-experimental study of financial concept retention among management students.

  4. In progress

    Paudel, S., Sapkota, P., Gautam, A., Jnawali, G., and Bhandari, O. P. (2026). Effects of meal planning, portion control, food preservation, and leftover management on household food waste prevention: the moderating role of food types.

  5. In progress

    Paudel, S., Neupane, P., and Sapkota, P. (2026). Long-memory and asymmetric volatility in a frontier equity market: GARCH-family evidence from NEPSE and sector indices.

Research consultancy

  1. 2025

    Sapkota, P., Paudel, S., and Pun, D. B. (2025). Effectiveness analysis of Butwal Industrial Trade Fair, 2081. Commissioned report for the Butwal Chamber of Commerce and Industry, Rupandehi.

Conference presentations

20-21 February 2026

Market efficiency under permanent short-sale bans: comparative evidence from Nepal, India, and Pakistan

1st International Conference on the Future of Work: Innovations and Sustainability in Global Management Practices

Birgunj Public College, Birgunj, Nepal

Best Oral Presenter

6-7 September 2025

Non-linear properties of Nepalese capital market: a multifractal detrended fluctuation (MFDFA) approach

RUEC 1st International Research Conference 2025

Rajshahi University Education Club, Rajshahi, Bangladesh

Best Paper Presenter of Technical Session

5-6 July 2024

Predictive modeling of Nepal Stock Exchange index: an ARIMA approach

International Conference on Sustainable Business and Management 2024

Gupteshwor Mahadev Multiple Campus, Pokhara, Kaski, Nepal

See all 16 conferences

Training, credentials and workshops

  • 6 June 2026

    ICT Integration in Research

    Yerawati Aadarsha Multiple Campus, Dang (UGC supported)

    Session Expert
  • 19 April 2026

    AI Integration in Research and Publications

    Janapriya Multiple Campus (UGC supported)

    Faculty Professional Development, Second Cohort.

    Session Expert
  • April 2026

    Digital and Blended Learning

    Lumbini Banijya Campus (UGC supported)

    Session Expert
  • 30-31 January 2026

    Integrating AI in Research Methodology: Tools, Techniques, and Practices

    Research Management Cell, Lumbini Banijya Campus, with support of the University Grants Commission

    Trainee
  • 10-11 January 2026

    UGC certified

    Master Training of Trainers (MTOT), Faculty Professional Development Programme

    University Grants Commission (UGC), Nepal

    Modules covered teaching excellence, curriculum design, student-centered pedagogies, assessment and feedback, inclusive teaching, digital and blended learning, research supervision, the Scholarship of Teaching and Learning (SOTL), and institutional quality assurance.

    Certified Master Trainer
  • June-December 2025

    Research Ethics and Plagiarism (2 credits, score 80%)

    SWAYAM, Indira Gandhi National Open University, New Delhi, India

    Trainee
  • 22 June 2025

    Integration of AI Tools for Curriculum Development, Faculty Professional Development Training (First Cohort)

    Lumbini Banijya Campus, with support of the University Grants Commission

    Session Expert
  • 2 February 2025

    Workshop on Research Writing

    Research Management Cell, Lumbini Banijya Campus

    Trainee
  • 29-30 November 2024

    4th International Conference Proceeding Committee

    Lumbini Banijya Campus, Butwal, Rupandehi

    Editor-in-Chief
  • 23-25 May 2024

    Advanced Data Analysis & Case Development

    Research Management Cell, Lumbini Banijya Campus

    Trainee
  • 13 October 2023

    Orientation on Stock Market

    Parroha Multiple Campus, Sainamaina, Rupandehi

    Trainer
  • 1-7 July 2023

    Statistical Data Analysis and Interpretation Using SmartPLS and Bibliometrics

    Department of Research and Development, Lumbini Banijya Campus

    Trainee
  • 22 June 2023

    Research Methodology & Data Analysis

    Department of Research and Development, Lumbini Banijya Campus

    Trainee
  • 30 April 2022

    Mixed Methods of Business Research and Model Building

    Department of Research and Development, Lumbini Banijya Campus

    Trainee

Research collaboration

I welcome inquiries about collaboration, supervision, workshops and academic referee requests.