Dr. Anjali Sane

@mitwpu.edu.in

Dean, School of Economics and Commerce
Dr. Vishwanath Karad MIT World Peace University

Dr. Anjali Sane


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https://researchid.co/anjalisane

RESEARCH, TEACHING, or OTHER INTERESTS

Economics, Econometrics and Finance, Finance
6

Scopus Publications

48

Scholar Citations

4

Scholar h-index

1

Scholar i10-index

Scopus Publications

  • Yuvashakti: where passion meets profession
    Gautam Surendra Bapat, Anjali Ajit Sane
    Emerald Emerging Markets Case Studies, 2025
    Learning outcomes This case study aims to study cost benefit analysis, economic evaluation and its types, study and understand different costs involved in logistics and to identify the role of dynamic leadership in nonstructured organization.
  • Economic Dependency Ratio as a Dimension of Poverty and Vulnerability
    Shilpa Deo, Anjali Sane, Sushil Sharma, Saeed Tabar
    Understanding the Multi Dimensional Nature of Poverty, 2024
    The first Sustainable Development Goal (SDG), which is to be attained by the year 2030, is to ‘End poverty in all its forms everywhere’.1 However, the progress made in reducing poverty has been reversed due to the spread of the COVID-19 pandemic. The worsening poverty, inequality and vulnerability call for identifying the acuteness of the problem with the help of dimensions like the economic dependency ratio along with other sources like poverty line, access to social security, health care, basic services, food security and asset ownership and social networks at the village to name a few. The economic dependency ratio goes beyond the age dependency ratio and tries to capture the dependency better by incorporating the number of dependants and employed ones in the calculation. In this study, an attempt has been made to highlight the importance of the economic dependency ratio to measure vulnerability better in India. Unemployment data provided by the Centre for Monitoring Indian Economy (CMIE) has been utilised to understand the severity of dependency at the country level. Primary data has been collected with the help of the Proportionate Stratified Sampling method from 600 notified, non-notified slum households staying in the western part of India and in-depth interviews have been conducted with a few homeless families. Quantitative data has been analysed using SPSS and Stata software. This study will be immensely useful as it aims to improvise the methodology to identify the poor and vulnerable. Better identification can take us a step closer to achieving SDG 1.
  • The Emotional Rollercoaster of Market Overreaction: Understanding the Psychological Drivers of Irrational Market Behaviour
    Sushil Kumar Gupta, Varsha Shriram Nerlekar, Anjali Sane, Manjiri Gadekar, Shrikant Waghulkar
    Psychological Drivers of Herding and Market Overreaction, 2024
    Market overreactions, driven by psychological and cognitive factors, have significant economic consequences, impacting individual investors and broader financial systems. This chapter explores how emotions like fear, anxiety, greed, and euphoria contribute to market volatility, alongside cognitive biases such as confirmation and anchoring. It also examines herding behavior, the influence of authority figures, and the role of media in shaping market sentiment. Additionally, it considers neurological and physiological factors like stress and dopamine responses in investor behavior. Through case studies, the chapter illustrates these drivers' real-world impacts and offers strategies for mitigating emotional and cognitive biases. Emphasizing diversification, risk management, and regulatory measures, it provides insights for investors and policymakers to navigate and stabilize market overreactions.
  • The Herd Mentality: Understanding the Theories and Models of Herding Behavior in Financial Markets
    Psychological Drivers of Herding and Market Overreaction, 2024
  • Diversity as an innovative means to improve corporate governance: a new perspective
    Tak Yan Leung, Anjali Sane
    Journal of Indian Business Research, 2023
    Purpose The purpose of this study is to address the research gap about the impact of board and audit committee diversity (gender, ethnicity, age and education) on audit fee by using a balanced panel of listed firms in four Asian markets – Hong Kong, India, Malaysia and Singapore. The authors argue that a more diverse board and audit committee with the inclusion of females, international directors and directors of different education levels may act as a more effective and innovative mechanism to monitor and regulate important managerial decision such as audit fee. Design/methodology/approach The authors use a two-stage framework to address the endogeneity issue and the random-effects panel model to control for firm heterogeneity on a balanced panel of 200 firms in four Asian regions over 2011–2013 to examine the hypotheses presented in this study. Findings The authors find that diversity is a factor determining the level of fees paid to audit firms. A more diverse board and audit committee may demand audit services involving differential effort. Firms with more international directors on board and in audit committee pay a higher fee. In addition, a more educationally diverse board and audit committee also pay a higher fee. In contrast, a significant negative relationship is found between audit committee gender diversity and audit fees, but not between board gender diversity and audit fees, suggesting that a more gender-diverse audit committee asks for less audit effort and pays a lower audit fee. Research limitations/implications The findings of this study are based on three years of data from the largest 50 firms in four Asian regions, which limits the generalizability of the results. Like other cross-country studies, the analyses in this study also have problems in controlling for all unobservable factors related to cross-country differences in regulations or institutional environments. Diversity can take other forms, including experience, profession, tenure and marital status which are not a part of this study and lay the foundation for future research. Practical implications A firm with a more education-diverse board is more committed to quality monitoring and demands higher audit effort, and consequently, higher fees are paid to audit firms. More educationally diverse board and audit committee exercise more effective monitoring and prefer greater audit effort. Social implications Firms with more ethnic-diverse boards and audit committees may demand greater assurance for investor protection and pay higher audit fees. The complementary view of internal and external governance systems suggests more effective monitors may prefer additional protection through the purchase of more audit effort. The findings on education diversity and ethnic diversity are consistent with the argument of the complementary view. Originality/value This study highlights the significant impacts of diversity (gender, education and ethnicity) in the financial reporting process.
  • Guest editorial: Innovative practices in business, trade and commerce – challenges and opportunities
    Piyush Sharma, Pasumarti Srinivas Subbarao, Anjali Sane, Jivan Biradar
    Journal of Indian Business Research, 2023
    All the papers went through a rigorous double-blind peer review process before being accepted. Findings:The eleven articles included in this special issue provide insights on the challenges and opportunities in adoption of innovative practices adopted by businesses using diverse conceptual, methodological and managerial perspectives, covering topics such as Greenwashing, Cryptocurrency, and Corporate Social Responsibility, among others. Originality:This special issue is one of the first attempts to understand the unique challenges and opportunities faced by businesses and organisations in adopting new digital technologies. Research limitations/implications:This special issue provides directions for further research to researchers and policy makers on innovative practices

RECENT SCHOLAR PUBLICATIONS

  • Analysis of Factors Determining Food Consumption Patterns Among Adolescents
    S Deo, S Sharma, A Sane
    Journal of Data Applications, 50-67 , 2026
    2026
  • ESG-Labelled Mutual Funds in India: Performance, Investor Flows and Market Implications
    SK Gupta, A Sayal, A Sane
    Sustainable Global Societies Initiative 1 (5) , 2026
    2026
  • Investigating India's Electronics Export Strength: A Comparative Advantage Analysis
    A Andhale, J Biradar, A Sane
    Innovations and Dynamics in Photonics and Electronics, 1-22 , 2025
    2025
  • Yuvashakti: where passion meets profession
    GS Bapat, AA Sane
    Emerald Emerging Markets Case Studies, 1-14 , 2025
    2025
  • The Interplay of Governance, Risk Identification, and Mitigation Strategies in Global Catastrophic Risk Management
    DAS Dr. Varsha Shriram Nerlekar, Dr. Pradip Padhye, Dr. Sushil Kumar Gupta
    Advances in Consumer Research 2 (1), 270-278 , 2025
    2025
  • The herd mentality: Understanding the theories and models of herding behavior in financial Markets
    VS Nerlekar, A Sane, M Gadekar, SK Gupta, S Waghulkar
    Psychological Drivers of Herding and Market Overreaction, 255-290 , 2025
    2025
    Citations: 9
  • The emotional rollercoaster of market overreaction: understanding the psychological drivers of irrational market behaviour
    SK Gupta, VS Nerlekar, A Sane, M Gadekar, S Waghulkar
    Psychological drivers of herding and market overreaction, 221-254 , 2025
    2025
    Citations: 4
  • Understanding the Multi-dimensional Nature of Poverty
    R Goel, T Singh, MM Rahman, QT Islam, SK Baral
    Emerald Group Publishing , 2024
    2024
  • Economic Dependency Ratio as a Dimension of Poverty and Vulnerability
    ST Shilpa Deo, Anjali Sane, Sushil Sharma
    Understanding the Multi-Dimensional Nature of Poverty , 2024
    2024
    Citations: 2
  • Pandemic to Endemic: Propositions for the Future
    R Divekar, K Chopra, J Chitranshi, S Mehendale
    Taylor & Francis , 2024
    2024
  • Crypto Hesitancy and Post-COVID Changes in Personal Financial Planning Behaviour: A Thematic Analysis
    S Deo, A Sane, G Bapat
    Pandemic to Endemic, 51-63 , 2024
    2024
  • FINANCIAL VOLATILE SHARE MARKET BUSINESS ANALYTIC COMPUTING DEVICE
    DPP Dr. Sushil Kumar Gupta, Dr. Varsha Shriram Nerlekar , C A Manjiri ...
    GB Patent 6,346,263 , 2024
    2024
  • The utilisation of mobile payment systems among construction workers in India, with a focus on the influence of customer convenience
    SS Ashutosh Gadekar, Yogesh Mahajan, Chanakya Kumar, Anjali Sane
    Journal of Autonomous Intelligence 7 (5), doi: 10.32629/jai.v7i5.1698 , 2024
    2024
  • A System and Method for managing and accessing Digital Content
    RJ Subbarao Srinivas, Sunita Jatav, Gautam Bapat, Anjali Sane, Ganesh Mishra ...
    IN Patent App. 202321036546 A , 2023
    2023
  • Guest editorial: Innovative practices in business, trade and commerce – challenges and opportunities
    JBJIBR Piyush Sharma, Pasumarti Srinivas Subbarao, Anjali Sane
    Journal of Indian Business Research 15 (1), 1-8 , 2023
    2023
    Citations: 5
  • Diversity as an innovative means to improve corporate governance: a new perspective
    TY Leung, A Sane
    Journal of Indian Business Research 15 (1), 141-156 , 2023
    2023
    Citations: 8
  • Innovative Practices in Business, Trade & Commerce: Challenges and Opportunities
    P Sharma, PS Subbarao, A Sane, J Biradar
    Emerald Publishing , 2023
    2023
  • Case Study - Are You Sonali?
    DASMDG Dr. Swati Lodha
    Indian Management Teaching Cases: A Compendium. , 2023
    2023
  • Crypto Hesitancy and Post-COVID Changes in Personal Financial Planning Behavior: A Thematic Analysis
    Deo Shilpa, Sane A, Bapat Gautam
    Pandemic to Endemic: Propositions for the Future 1, 51-63 , 2023
    2023
  • Emerging Trends in Business, Trade and Commerce
    PG P.Srinivas Subbarao, Anjali Sane, Jivan Biradar, Shubhangi Gaikwad
    2022

MOST CITED SCHOLAR PUBLICATIONS

  • Financial literacy: Challenges for Indian economy
    A Sane
    Journal of Commerce and Management Thought 5 (3), 475 , 2014
    2014.0
    Citations: 13
  • The herd mentality: Understanding the theories and models of herding behavior in financial Markets
    VS Nerlekar, A Sane, M Gadekar, SK Gupta, S Waghulkar
    Psychological Drivers of Herding and Market Overreaction, 255-290 , 2025
    2025.0
    Citations: 9
  • Diversity as an innovative means to improve corporate governance: a new perspective
    TY Leung, A Sane
    Journal of Indian Business Research 15 (1), 141-156 , 2023
    2023.0
    Citations: 8
  • Guest editorial: Innovative practices in business, trade and commerce – challenges and opportunities
    JBJIBR Piyush Sharma, Pasumarti Srinivas Subbarao, Anjali Sane
    Journal of Indian Business Research 15 (1), 1-8 , 2023
    2023.0
    Citations: 5
  • The emotional rollercoaster of market overreaction: understanding the psychological drivers of irrational market behaviour
    SK Gupta, VS Nerlekar, A Sane, M Gadekar, S Waghulkar
    Psychological drivers of herding and market overreaction, 221-254 , 2025
    2025.0
    Citations: 4
  • Economic Dependency Ratio as a Dimension of Poverty and Vulnerability
    ST Shilpa Deo, Anjali Sane, Sushil Sharma
    Understanding the Multi-Dimensional Nature of Poverty , 2024
    2024.0
    Citations: 2
  • The Kaleidoscope of Changing Values: Are We Heading Towards Responsible Consumption and Sustainable Society? Lessons from Pune, India.
    CR Kapoor M., Chaiechi T., Deo S., Darda P., Sane A.
    Community Empowerment, Sustainable Cities, and Transformative Economies … , 2022
    2022.0
    Citations: 2
  • India And The BRICS Countries: Analysis Of Pattern Of FDI (Foreign Direct Investment
    A Sane
    Journal of Commerce and Management Thought 6 (4), 613 , 2015
    2015.0
    Citations: 2
  • Financial literacy among college students–A study
    A Sane
    Citations: 2
  • Business Economics
    DM Mithani, GK Murty
    Himalaya Publishing House, Edtion2011 , 2015
    2015.0
    Citations: 1
  • Analysis of Factors Determining Food Consumption Patterns Among Adolescents
    S Deo, S Sharma, A Sane
    Journal of Data Applications, 50-67 , 2026
    2026.0
  • ESG-Labelled Mutual Funds in India: Performance, Investor Flows and Market Implications
    SK Gupta, A Sayal, A Sane
    Sustainable Global Societies Initiative 1 (5) , 2026
    2026.0
  • Investigating India's Electronics Export Strength: A Comparative Advantage Analysis
    A Andhale, J Biradar, A Sane
    Innovations and Dynamics in Photonics and Electronics, 1-22 , 2025
    2025.0
  • Yuvashakti: where passion meets profession
    GS Bapat, AA Sane
    Emerald Emerging Markets Case Studies, 1-14 , 2025
    2025.0
  • The Interplay of Governance, Risk Identification, and Mitigation Strategies in Global Catastrophic Risk Management
    DAS Dr. Varsha Shriram Nerlekar, Dr. Pradip Padhye, Dr. Sushil Kumar Gupta
    Advances in Consumer Research 2 (1), 270-278 , 2025
    2025.0
  • Understanding the Multi-dimensional Nature of Poverty
    R Goel, T Singh, MM Rahman, QT Islam, SK Baral
    Emerald Group Publishing , 2024
    2024.0
  • Pandemic to Endemic: Propositions for the Future
    R Divekar, K Chopra, J Chitranshi, S Mehendale
    Taylor & Francis , 2024
    2024.0
  • Crypto Hesitancy and Post-COVID Changes in Personal Financial Planning Behaviour: A Thematic Analysis
    S Deo, A Sane, G Bapat
    Pandemic to Endemic, 51-63 , 2024
    2024.0
  • FINANCIAL VOLATILE SHARE MARKET BUSINESS ANALYTIC COMPUTING DEVICE
    DPP Dr. Sushil Kumar Gupta, Dr. Varsha Shriram Nerlekar , C A Manjiri ...
    GB Patent 6,346,263 , 2024
    2024.0
  • The utilisation of mobile payment systems among construction workers in India, with a focus on the influence of customer convenience
    SS Ashutosh Gadekar, Yogesh Mahajan, Chanakya Kumar, Anjali Sane
    Journal of Autonomous Intelligence 7 (5), doi: 10.32629/jai.v7i5.1698 , 2024
    2024.0