Surya Chelikani | Quantitative Hypotheses | Best Researcher Award

Surya Chelikani | Quantitative Hypotheses | Best Researcher Award

Dr Surya Chelikani, Quinnipiac University, United States

Dr. Surya Chelikani is an accomplished educator and researcher in finance, specializing in corporate finance, asset pricing, and market microstructure. With a Ph.D. from Oklahoma State University, he serves as an Associate Professor at Quinnipiac University. His expertise extends to both academic and corporate realms, with prior experience in engineering and consultancy. Dr. Chelikani’s research investigates topics such as market integration and regulatory impacts on financial markets. Recognized for his teaching excellence, he has received prestigious awards and consistently high evaluations. 📚💼🏅

Publication profile

google scholar


After completing a Bachelor’s in Mechanical Engineering from Andhra University (India) in 1981, I pursued an M.B.A in General Management from the University of Central Oklahoma in 2003. Building upon this foundation, I obtained my Ph.D. in Finance from Oklahoma State University in 2010. 🎓 This educational journey reflects a diverse range of interests and expertise, blending technical skills with financial acumen. From engineering principles to the intricacies of financial markets, each step has contributed to a well-rounded perspective and a dedication to continuous learning and growth.


As an academic, I’ve dedicated years to teaching and shaping minds. Beginning as an Instructor at Oklahoma State University, I’ve covered various financial courses, earning commendable teaching evaluations. My journey progressed to Quinnipiac University, where I advanced from Assistant Professor to Associate Professor, fostering a dynamic learning environment. Alongside academia, I’ve also ventured into the corporate realm. As a partner in multiple enterprises spanning cold welding, systems programming, and consultancy for cement plants, I’ve honed practical insights that complement my academic endeavors. Balancing academia with real-world experience has enriched my professional journey, ensuring a holistic approach to education. 📚💼


In the realm of academia, achievements often serve as milestones of dedication and excellence. Such is the case for Surya Chelikani, whose academic journey has been adorned with accolades. Notably,  clinched the coveted Outstanding Graduate Teaching Associate award in Finance, an honor bestowed upon  in both 2006 and 2007—a feat unmatched by any other recipient. Securing a four-year assistantship from the Department of Finance further underscores [his/her/their] commitment and proficiency. [His/Her/Their] consistent presence on the President’s List throughout  MBA years reflects [his/her/their] unwavering academic prowess. Membership in esteemed societies like Delta Mu Delta and the Golden Key national honor society epitomizes scholarly excellence and distinction. 🎓

Research focus

S Chelikani’s research primarily focuses on financial economics, particularly in areas related to market efficiency, regulatory impacts, and financial contagion. Chelikani has explored the effects of regulatory changes such as Sarbanes-Oxley and Regulation Fair Disclosure on market integration and efficiency. Additionally, their work delves into the implications of financial crises, such as the 2008 financial crisis, on various financial sectors, including the Turkish financial sector and hedge funds. Their studies often employ quantitative methods like cointegration analysis to examine market dynamics and investor behavior.


Publication top notes

Financial crisis and contagion: The effects of the 2008 financial crisis on the Turkish financial sector

The impact of Sarbanes-Oxley on market efficiency: evidence from mergers and acquisitions activity

GASB mandatory disclosure rules and municipal bond yield spreads

Implied volatility spread and stock mispricing

The Hedge Fund Industry’s Market Timing Ability and Role in Financial Contagion: Evidence from the Strategic Response to the 2008 Financial Crisis

The Effect of Regulation Fair Disclosure on Market Integration

Past stock returns and the MAX effect

Volatility feedback effect and risk-return tradeoff

The impact of insider ownership level on equity market timing decisions

State-dependent intertemporal risk-return tradeoff: Further evidence

Revisiting the ICAPM under the distortion of risk–return tradeoff in short‐horizon stock returns

Cointegration Analysis of the Effect of Decimalization on Market Equilibrium and Price Discovery

Mediatrice NIYONSABA | Qualitative Hypotheses | Best Paper Award

Mediatrice NIYONSABA | Qualitative Hypotheses | Best Paper Award

Mrs Mediatrice NIYONSABA, Rwanda Biomedical center, Rwanda

Mediatrice Niyonsaba is a dedicated health professional and researcher. Currently a second-year Master’s student in Epidemiology at the University of Rwanda, she holds a Bachelor’s degree in Anesthesia from the same institution. Since 2012, she has served as an anesthesia clinical officer at RBC/SAMU 🚑. Her research includes co-authoring a study on motorcycle crash epidemiology in Kigali and assisting in several projects, including those on anemia in trauma, substance abuse screening, and the impact of COVID-19 on CNS injuries. She is the lead author of a study on mHealth tools in prehospital care, published in the African Journal of Emergency Medicine 📚.

Publication profile



Since November 2021, she have been pursuing a Master of Science in Epidemiology at the University of Rwanda’s College of Medicine and Health Sciences 📚. I previously earned a Bachelor’s degree in Anesthesia from the same university (2015-2017) 🎓. My professional journey includes working as an anesthesia clinical officer at RBC/SAMU (Service d’Aide Medicale d’Urgence) since November 2012 🏥. Before that, I taught Biology at SAKE Secondary School from January to November 2009 👩‍🏫.


Since January 2019, I’ve been part of the SAMU team collaborating with Utah University to develop and pilot test a mobile health communication tool (912 m Health tool) aimed at enhancing emergency medical services 🚑. I co-authored “Epidemiology and prehospital care of motorcycle crashes in Kigali, Rwanda,” published in November 2019 🏍️. From January to April 2020, I was a research assistant for the Kigali Anemia in Trauma and Transfusion Study at CHUK 🏥. Between August 2020 and September 2021, I assisted in adapting screening instruments for detecting alcohol and drug abuse in Rwanda using ACASI 🍷💊. In late 2021, I contributed to research on the impact of COVID-19 on CNS injury treatment and outcomes 🧠. Recently, I authored “Challenges and opportunities to improve efficiency and quality of prehospital emergency care using an m Health platform,” published in the African Journal of Emergency Medicine in September 2023 📚.

Research focus

Dr. Sharmistha Jayaraman’s research focuses primarily on improving prehospital emergency care and trauma management in low-resource settings, particularly in Rwanda. Her studies encompass various aspects of emergency medical services (EMS), including challenges in locating emergency scenes 🚑, enhancing efficiency through m Health platforms 📱, neurotrauma management 🧠, and the epidemiology of trauma, such as motorcycle crashes 🏍️. Additionally, Dr. Jayaraman investigates the initial management of traumatic brain injuries and factors influencing HIV testing among emergency patients. Her work aims to improve healthcare outcomes by addressing critical gaps in prehospital care and emergency response systems in Sub-Saharan Africa.

Publication top notes

Challenges Locating the Scene of Emergency: A Qualitative Study of the EMS System in Rwanda

Challenges and opportunities to improve efficiency and quality of prehospital emergency care using an mHealth platform: Qualitative study in Rwanda

Trends in Neurotrauma Epidemiology, Management, and Outcomes during the COVID-19 Pandemic in Kigali, Rwanda

Factors associated with HIV testing among patients seeking emergent injury care in Kigali, Rwanda

The Initial Prehospital Management of Traumatic Brain Injuries in Kigali, Rwanda

The epidemiology and prehospital care of motorcycle crashes in a sub-Saharan African urban center

Data-driven prehospital training to decrease motorcycle crash deaths in a Sub-Saharan African urban center