Dr. Shanmugam Munuswamy | B.S.Abdur Rahman Crescent Institute of Science and Technology
*Anti-Ragging Cell Control Rooms / Helplines: 91(44) 22759200 Ext 212 & 91(44) 22759200 Ext 198 / 131 / 133 *Students having any grievance on academic matters may contact dean_student@crescent.education

Dr. Shanmugam Munuswamy

Designation : Professor & Head
Nature of Employment : Regular
Qualification : B.Com, M.Com, M Ed, M.Phil, PhD
Date of Joining : 04.06.2018
Phone : +91 (44) 2275 1347 /48 / 50 Ext: 211
Email ID : hodms@crescent.education

Shanmugam is currently working as Professor & Head, Department of Management Studies, B.S.Abdur Rahman Crescent Institute of Science and Technology from June 2018. He has received hisPh.D. from University of Madras in 1999 and has taught several courses in Finance and Accounting for Postgraduate and undergraduate students in India from 1980 until 2004. Since then, he has been working in Kuala Lumpur as Professor of Finance teachingseveral courses in accounting and finance for undergraduate and graduate students. Besides teaching and research, as Deputy Dean he assists the Dean in academic administration. Prior to Malaysia, he took two overseas teaching assignments, one at UAE (1998) and the other at Papua New Guinea (2000).He has presented several research papers in international conferences and published research articles and case studies in the areas of accounting and finance in leading journals. He has co-authored a book and reviewed several course modules of two universities and two modules of Bankers Training Institute in Malaysia.He also had an industry experience for one year (2010) as Business Development Manager for a Malaysian company in India

Shanmugam has consistentlyemerged as one of the most popular lecturers in the institutions he belonged. He has been an outstanding lecturer and received overwhelming feedback from students scoring more than 80% in all the courses taught. The popularity among the students can be attributed to his nature of focusing more on slow learners and at the same time delivering lectures to the expectation of average and intelligent students.Even though he worked in teaching universities and amidst academic administrative tasks, he undertook a few funded research projects, presented several research papers at national and international conferences and also published many articles in leading journals. As Deputy Dean of Academic & Student Affairs, he led Programme Harmonization Committee, reviewed and updated syllabus contents of several courses including unrelated areas, prepared proposals for University Curriculum Committee, Academic Administrative Committee, and Senate. He was also instrumental to resolve many issues of students related to academic, personal and financial matters. In 2015, he received an award as the ‘Best Professor in Accountancy’ (2015)’ from the Golden Globe Tiger Summit, an NGO from India (goldenglobetigers.org/).

Education

Ph.D (Finance ) University of Madras (1999), Chennai, India.
Thesis Topic: “Corporate Performance Evaluation”
M.Phil (Finance) University of Madras (1989), Chennai, India
Dissertation Topic “Credit Cards in India”
M.Ed. (Education) University of Madras (1990), Chennai, India
M.Com. University of Madras (1979), Chennai, India
“Specialization in Banking and Finance”
B.Ed. (Education) Annamalai University (1982), Chennai, India
B.Com. University of Madras (1977), Chennai, India.
“Specialization in Accounting”

Research Interest

Qualitative and quantitative research in areas of corporate performance evaluation, Islamic finance, case study development, accounting and taxation

Teaching Experience

June 3, 2018 – until now Professor & Head B S Abdur Rahman Crescent Institute of Science and Technology Chennai – 600 048
January 2011 –31st May 2018 Deputy Dean & Professor of Finance University Tun Abdul Razak (UNIRAZAK), Kuala Lumpur, Malaysia
June 2008 – May2009 Associate Professor UNITAR University (now UNITAR International University), Kelana Jaya, Malaysia
April 2004 – March 2008 Associate Professor Management & Science University, Shah Alam, Malaysia
July 1985 – March 2004 (Except in 1998 & 2000)  Reader in Commerce SIVET College, affiliated to University of Madras, Chennai, India
September 1998 – May 1999  Associate Professor in Accounting & Law Sharjah College, Sharjah, United Arab Emirates
September 2000 – August 2001 Associate Professor in Accounting & Law Institute of Business Studies, Port Morsby, Papua New Guinea
 October 1980 – June 1985  Postgraduate Teacher in Commerce National Higher Secondary School, East Tambaram, Chennai, India

Subjects Taught

Masters/Ph.D Level

  • Financial Management& Management Accounting
  • Corporate Finance
  • Management Accounting & Financial Control
  • Research Methodology

Undergraduate Level

  • Integrated Case Study
  • Management Science / Quantitative methods
  • Financial Accounting and Reporting
  • Management Accounting
  • Strategic Management Accounting
  • Advanced Financial Accounting
  • Cost Accounting
  • Principles of Business Finance

Academic Administrative Experience

Deputy Dean May, 2015 until now
Performing duties as assigned by the Dean, Deputy Vice Chancellor, President & Vice Chancellor
Assisting the Dean in the management and administration of the assigned academic programme,
Ensuring facilities and materials for the academic programmes.
Monitoring and supervising all programmes under BRSBE with MQA, Ministry of Higher Education & Senate members.
Monitoring research, consulting, publication activities in BRSBE.
Monitoring, and updating programme and course reports to the Dean from time to time.
Monitoring and advising on the marketing and promotion activities.
Reviewing academic regulation matters such as credit transfer, entry or exit requirements, course offerings and teaching workload.

Programme Director for Taxation (May 2012 – May 2015)

Responsibilities

  • Liaising with Chartered Tax Institute of Malaysia (CTIM), LHDN, MQA
  • Counseling students
  • Assisting Dean / Deputy Dean in the management and administration of the Bachelor of Taxation programme.
  • Determining courses to be offered in every semester
  • Outsourcing &recruiting part-time lecturers
  • Programme review
  • Liaising with organizations for internship placement and career openings for students

Industry Experience (From May 2009 to September 2010)

Business Development Manager for ETA CMSI Solutions Private Ltd, Chennai, India

  • Prepared business plan and assisted in developing a business model
  • Setting up Head Quarters in Chennai and branch offices in New Delhi, Mumbai, and Kolkata
  • Empanelment of panel surveyors and workshops in all 4 cities.
  • Liaising with regulatory bodies
  • Presentation of business model to potential clients
  • Project pilot run

Other Experiences

Mentoring & Academic Advising

Advisor for Accounting Club, Indian Cultural Club & Sports Club

Internal Auditor

As Lead Auditor (since January 2011
Monitored and assisted for the successful completion of Supported MOHE/ MQA/ SIRIM audit.

Participation in Education & Career Fair

Higher Education Fair – 2011, 2012, 2013 & 2014
Career & Internship Fair – 2013, 2014

Research Experience

Case Studies

1.Case Study Writing (Funded Projects)

Case Study for Islamic Banking and Finance Institute of Malaysia (2015)
Case Title : ‘Personalized Services of Islamic Financial Products: A Case Study of Hong Leong Islamic Bank’ (with 5 caselettes)
Sponsor : Islamic Financial Banking Institute of Malaysia
Role : Principal Researcher

2.Case Study for Integrity Institute of Malaysia (IIM) (2015)

Case Title : The Ethics & Integrity Practices: A Case Study of Teneganasional Berhad, Kuala Lumpur, Malaysia
Sponsor : Integrity Institute of Malaysia (IIM), Chartered Institute of Management Accountant (CIMA), Malaysian Anti-Corruption Commission (MACC),
Role : Principal Researcher

3.Case Study for SME Bank (2015)
Case Title : Penetrating Overseas Market: The Case Study of a Bumi Putera Company in Terengganu
Sponsor : SME Bank, Malaysia
Role : Principal Researcher

4.Case Study for Malaysia Productivity Corporation (MPC) (2013)
Case Title : A Smooth Sailing on the High Seas: Case Study of Intercontinental Travel Centre Sdn Berhad, Kuching, Sarawak.
Sponsor : Malaysian Productivity Corporation
Role : Principal Researcher

Case Title : A Concrete Roadmap Towards Quality: A Case study of Hanasaza Sdn Berhad, Kotakinabalu, Sabah
Sponsor : Malaysian Productivity Corporation
Role : Co-Researcher

Funded Research Projects

1.Research Project for SME Bank (2015)

Project Title : A Survey on the Wholesale and Retail Market in Malaysia
Sponsor : SME Bank
Year : 2015
Role : Co-Researcher

2.Research Project for Technopreneurs Association of Malaysia (2015)

Project Title: : Survey on the Funding Landscape for Technopreneurs in Malaysia
Sponsor : Technopreneurs Association of Malaysia
Year : 2015
Role : Co-Researcher

3.Research Project for MAREF & IIM (2006)

Project Title: Non-Audit Services & Auditor Independence (2006)
Sponsor : MAREF & IIM, Malaysia
Year : 2006
Role : Co-Researcher

4.Minor Research Project for University Grants Commission, India (1995)

Project Title: Financial Ratio Pattern of Manufacturing Companies In India
Sponsor : University Grants Committee, New Delhi, India
Year : 1995
Role : Principal Investigator

Research Publications

Journal Publications

  1. Shanmugam & Zulkifflee (2017), ‘Progressive Taxation in ASEAN: A Review on Personal Income Tax Rates’, Digital publication, foura.com.
  2. Shanmugam & Zulkifflee (2016), ‘Financial Disclosure Practices of State Wakf Boards in India: An Exploratory Study’, Paper accepted for Publication in the Journal of Islamic Economics, Banking and Finance (JIEBF).
  3. Shanmugam et.al., (2016), Sky is not always blue: A blended leadership style of a successful entrepreneur in Malaysia’, Case study submitted for publication by the International Conference on Case Studies to be organized by PNB/ YTI Chairo n Leadership during November 2016.
  4. Shanmugam Munuswamy et.al., (2013), ‘Islamic Finance in India: A Study on the Perception of College Teachers in Chennai’, Journal of Islamic Economics, Banking and Finance, Vol.9., No.3.
  5. Shanmugam et.al., (2013), ‘Network Expansion Strategy: A Case Study of a Malaysian Motor Claims Management Company in India’, Journal of American Academy of Business, Cambridge, Vol19, No.1.
  6. Anantaraman, & Shanmugam, (2013), ‘Models of Groupthink: A search for a Proper Perspective of the Groupthink Causal Chain, Bureacracies & Public Administration eJoournal, Vol 7, Issue 99.
  7. Ravindran Ramasamy, Shanmugam Munusamy, Mohd Hanif Mohd Helmi [2011], “Relative Risk of Islamic Sukuk over Government and Conventional Bonds”, Global Journal of Management and Business Research, Volume 11 Issue 6, Version 1.
  8. Ravindran Ramasamy, Shanmugam Munusamy, Mohd Hanif Mohd Helmi [2011], “Basic Pricing Methodology for Islamic Profit Rate Swap” Global Journal of Management and Business Research, Volume 11 Issue 5.
  9. Ben Chin-Yap,’Mohd Hanif Mohd.Helmi Shanmugam Munuswamy et al., ‘The Predictive Abilities of Financial Ratios in Predicting Company Failure in Malaysia Using a Classic Univariate Approach’, Australian Journal of Basic and Applied Sciences, 5(8): 2011.
  10. Ravindran Ramasamy, Mohd Hanif Mohd Helmi and Shanmugam Munisamy [2010], “Portfolio Islamic Risk Management: On and off balance sheet hedging contracts with Bai Salam futures”, UNITAR e Journal, Vol. 6, No. 2, June 2010 pages 36-53.
  11. Shanmugm Munuswamy & Mukesh et.al., ‘Measuring the Impact of Non-audit Services on Auditor Independence Using Dominant analysis’ ICFAI Journal of Applied Audit Practice, 2008.

Conference Proceedings

  1. Shanmugam et.al., (2016),Sky is not always blue: A blended leadership style of a successful entrepreneur in Malaysia’, Case study accepted for presentation at International Conference on Case Studies to be organized by PNB/YTI Chairo n Leadership during November 2016.
  2. Shanmugam, Zulkifflee, & Zawawi, (2013), ‘Inadequate Data and Financial Modeling Challenges: The Case Study of a New Business Model in India’, 24th International Business Research Conference, Las Vegas, USA, 13th December, 2013.
  3. Shanmugam, Syed, Zulkifflee, (2012), ‘Expanding Pan India Network: A Case Study of a Malaysian Motor Claims Management Company’ 23rd Intenrational Business Research Conference, Miami USA, 12th December, 2012.
  4. Shanmugam, Govindarajan, & Ravindran, (2011), ‘Islamic Finance in India and the Perception of College Teachers in India’, World Business Research Conference, Gottenberg, Germany, 23rd November 2011
  5. Ravindran, Shanmugam, & Eaw Hooi Cheng, (2007) ‘An Introduction to Islamic Profit Rate Swap’, 5th International Islamic Banking and Finance Conference organized by Monash University Malaysia, on 3rd and 4th September, 2007.
  6. Charles, & Shanmugam, (2007), ‘Conjoint Analysis Approach to Investors’ Preference for Islamic Vs Non-Islamic Scrips: A Pilot Study’ , 5th International Islamic Banking and Finance Conference organized by Monash University Malaysia on 3rd and 4th September, 2007.
  7. Shanmugam, & Ravindrans, (2007), ‘Bai Salam Futures Contracts and Islamic Bond Portfolio Risk Management’, 5th International Islamic Banking and Finance Conference organized by Monash University Malaysia on 3rd and 4th September, 2007.
  8. Ravindran, Shanmugam & Payal, (2007), ‘Segmental Behaviour of Islamic and Conventional Interbank offered Rates’, 5th International Islamic Banking and Finance Conference organized by Monash University Malaysia on 3rd and 4th September, 2007.
  9. Payal, Ravindran, & Shanmugam, (2007), ‘Portfolio and Optimization of Islamic Bonds: Application of Barbell Strategy’, International Conference On Islamic Capital Markets Regulations, Products And Practices With Relevance To Islamic Banking And Finance held on 27th – 29th August 2007 in Indonesia.
  10. Ravindran, & Shanmugam (2007), ‘Rating Migration and Value at Risk: Islamic Loans vs Conventional Loans’, World Business Conference organized by the Wollogong University, Dubai Campus in April 2007.
  11. Ravindran, Shanmugam, & Payal, (2006), ‘Islamic Bonds, mispricing and Portfolio optimization’, 4th International Conference organized by the Monash University, Malaysia during 13, and 14 November 2006.
  12. Shanmugam, Ravindran, & Payal, (2006), ‘Measuring and Managing Duration and Convexity of Islamic bonds’, 4thInternational Conference organized by the Monash University, Malaysia, 13, and 14 November 2006.
  13. Shanmugam, Ravindran, & Payal, (2006), ‘Islamic Bonds vs Conventional Bonds in Malaysia: An Empirical Investigation’, 4th International Conference organized by the Monash University, Malaysia, 13, and 14 November 2006.
  14. Ravindran, & Shanmugam, (2006), ‘Forecasting Exchange Rate Between Australian Dollar and Malaysian Ringgit: An Application of ARIMA and GARCH Model’, 1st International Conference organized jointly by AGBA (USA), and KUTPM, Shah Alam, Malaysia held at Kuala Lumpur, Malaysia, February 2006.
  15. Sharanee, & Shanmugam, (2006), ‘Women Entrepreneurship in Malaysia: An Analysis of the Government Policies and Practices’, 1st International Conference organized jointly by AGBA (USA), and KUTPM, Shah Alam, Malaysia held at Kuala Lumpur, Malaysia, February 2006
  16. Kang, & Shanmugam (2006), ‘Common Currency For Asean: An Environmental Analysis’, presented at the International Conference organized jointly by AGBA (USA), and KUTPM, Shah Alam, Malaysia held at Kuala Lumpur, Malaysia, February 2006.
  17. Ravindran, & Shanmugam (2006), ‘Buyback of Shares-Does it Increase the Wealth of Existing Shareholders?’, 1st International Conference organized jointly by AGBA (USA), and KUTPM, Shah Alam, Malaysia held at Kuala Lumpur, Malaysia, February 2006.
  18. Shanmugam, (2002), ‘Intellectual Capital Accounting: The Indian Scenario’ 2nd National Conference organized by Goa Institute of Management, January 2002.
  19. Shanmugam, (2003), ‘E-commerce in India – A Legal Perspective’ 3rd Conference organized by the MOP Vaishnav College for Women, Chennai, March 2003.

Book / Module

  1. Module review on ‘International Banking and Offshore Practices’ (2014), Published by Institute of Bankers, Malaysia.
  2. Module on ‘Marketing of Financial Services’ (2014), Published by Institute of Bankers, Malaysia.
  3. Module review on ‘Advanced Cost & Management Accounting’ to be published by Wawasan Open University, Malaysia.
  4. Module Review on ‘Company Accounting & Reporting’ to be published by Wawasan Open University, Malaysia.
  5. Book Review on ‘Principles of Accounting’ Published by the State of Tamil Nadu, India. This book has been prescribed as the text book for the students of higher secondary school in Tamil Nadu, India.
  6. (http://www.textbooksonline.tn.nic.in/Books/11/Std11-Acct-EM.pdf).

Research Monograph

Title: ‘Impact of Non-Audit Services on Auditor Independence: An Empirical Analysis’
Publisher: Malaysian Accounting Research Education Foundation (MAREF)& Integrity Institute of Malaysia (IIM)
Year : 2007

Ph.D. External Examiner

Evaluated several Ph.D. thesis from India and Malaysia.

Research Supervision

Ph.D.Supervision

Name of Candidate : Mohamad Shaqib Bin Shamsher Mohamad (2016) – In progress
Title of Thesis : Reconciling OECD’s BEPS Action Plan: Legislative Reform from a Malaysian Tax Policy Perspective

Name of Candidate : Razilina A Razak (UUM candidate – under arrangement with LHDN to assist candidate for proposal defense).
Title of Thesis : Factors Influencing Intention to comply voluntarily to Tax Laws among Sole Proprietors.
Position : Co-Supervisor
Status : Successfully defended Research Proposal at UUM during

Master Degree Projects:

Supervised several Master level projects in the areas of Accounting and Finance