CMA (Dr.) Ashok Kumar Panigrahi is an Associate Professor in Finance, Narsee Monjee Institute of Management Studies (NMIMS University), Shirpur. His outstanding academic career consists of his Ph. D. in Capital Structure of Indian Corporate Sector, which is awarded by Berhampur University, Orissa in 2010. A first rank holder in M.Com from Berhampur University, he has obtained his MBA (Finance) from Madurai Kamraj University, PGDBA from Pondicherry University and PGDCA from BDPS Ltd., Mumbai. He is a qualified Cost & Management Accountant and a Fellow Member of the Institute of Cost Accountants of India. He is also a life member of the Indian Commerce Association. He has been associated with the academic field over past twenty years and contributed more than seventy research papers and presented several papers in national and international conferences.