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Dr Damien Kunjal  

Dr Damien Kunjal  

Senior Lecturer

Email

KunjalD@ukzn.ac.za

Campus Westvile
Office Address J Block, Room 369

Academic Qualifications

  • Bachelor of Commerce in Finance and Business Management (cum laude) (University of KwaZulu-Natal) (2017) 
  • Bachelor of Commerce Honours in Finance (cum laude) (University of KwaZulu-Natal) (2018) 
  • Master of Commerce in Finance (cum laude) (University of KwaZulu-Natal) (2020) 
  • Doctor of Philosophy in Finance (University of KwaZulu-Natal) (2022) 

Biography

Dr. Damien Kunjal was appointed as a Senior Lecturer in Finance in the School of Accounting, Economics and Finance in January 2024. Previously, Dr. Kunjal was appointed as a Lecturer in the Department of Business Management at the University of the Free State from April 2021 to June 2023 and as a Senior Lecturer in the School of Economic Sciences at the North-West University from July 2023 to December 2023.

He has several years of higher education experience ranging from tutoring, lecturing, academic monitoring and support, curriculum review and development, and research supervision. He has also published in several highly-ranked international journals including Risk Management, Economies, Journal of Asset Management, and Cogent Economics and Finance. His research interests include, but are not limited to; investor behaviour, financial risk management, investment management and portfolio optimization, and exchange traded funds.

Research Interests

  • Investor behaviour  
  • Financial risk management  
  • Investment management and portfolio optimization  
  • Exchange traded funds 

Professional Qualifications

  • Financial Modeling and Valuations Analyst (Corporate Finance Institute) (2020) 

Selected Publications

  • Kunjal, D. (2021). The impact of COVID-19 on stock market liquidity: Evidence from the Johannesburg Stock Exchange. African Review of Economics and Finance, 13(2), 104-123. 
  • Kunjal, D. and Peerbhai, F. (2021). Investor herding during COVID-19: Evidence from the South African Exchange Traded Fund market. African Review of Economics and Finance, 13(2), 168-185. 
  • Kunjal, et al. (2021). The effect of managerial overconfidence on firm value: Evidence from the Johannesburg Stock Exchange. Management and Economics Review, 6(1), 1-14. 
  • Kunjal, et al. (2021). The performance of South African Exchange Traded Funds under changing market conditions. Journal of Asset Management, 22, 350-359. 
  • Kunjal, D. and Peerbhai, F. (2021). Investor overconfidence in the South African Exchange Traded Fund market. Cogent Economics & Finance, 9(1), p.1978190.  
  • Kunjal, et al. (2022). Political, economic, and financial country risks and the volatility of the South African Exchange Traded Fund market: A GARCH-MIDAS approach. Risk Management, 24(3), 236-258. 
  • Kunjal, D. (2022). Evaluating the liquidity response of South African Exchange-Traded Funds to country risk effects. Economies, 10(6), p.130. 
  • Peerbhai, F., Kunjal, D., et al. (2022). The relationship between implied volatility and equity returns in South Africa. Afro-Asian Journal of Finance and Accounting, Online First Articles. 
  • Kunjal, D., Peerbhai, F. and Muzindutsi, P.F. (2023). The Influence of Country Risk Components on the Pricing Efficiency and Tracking Ability of the South African Exchange Traded Fund Market. Management Dynamics, 32(1), pp.28-40. 
  • Kunjal, D. (2023) The Impact of COVID-19 on the Returns of South African Exchange Traded Funds. Acta Universitatis Danubius. Œconomica, 19(2), pp.258–268. 
  • Kunjal, D., Naidoo, S., Moonsamy, C., Govender, T., Naidoo, R., Ally, E. (2023) Investor Herd Behaviour during the COVID-19 Pandemic: Evidence from the Johannesburg Stock Exchange. Management and Economics Review, 8(2), pp. 158-169. 
  • Kunjal, D. and Naidu, D.D. (2023) The Role of Gold as a Hedge or Safe Haven in African Stock Markets During the COVID-19 Pandemic. Management and Economics Review, 8(3), pp. 368-386. 
  • Kunjal, D. (2023) Geopolitical risk and ETF returns under changing market conditions. Review of Economics and Finance. Accepted. 
  • Kunjal, D. (2023) Investor attention and Exchange Traded Fund returns in South Africa: The role of investors’ internet search activity. Financial Studies, 27(3), pp.40-56. 
  • Kunjal, D. (2023) Does geopolitical risk matter for ETF flows in emerging markets? Finance, Accounting and Business Analysis, 5(2), pp.102-112. 
  • Kunjal, D. (2023) The Role of Investor Attention in ETF Liquidity. Journal of Economics and Financial Analysis, 7(2), pp.45-64. 
  •  Peerbhai, F. and Kunjal, D. (2024) The Impact of COVID-19 on banking sector returns, profitability, and liquidity in South Africa. International Journal of Economics and Financial Issues, 14(2), pp.146-151. 
  • Kunjal, et al. (2024) The effect of disaggregated country risk on the returns of the South African Exchange Traded Fund market. Journal of Economics and Financial Analysis, 8(1), pp.1-34.