Pabna University of Science and Technology

Faculty Profile

Dr. Masud Rana

Ph.D. (2023) in Business Administration from PUST and BBA, MBA in Finance and Banking from RU.

Associate Professor (Finance) 

Department of Business Administration

Pabna University of Science and Technology

Pabna, Bangladesh

Contact Information

 +880 1729591799 (Personal)

2292 (PABX)

masud@pust.ac.bd (Office)

masud7648@gmail.com (Personal)

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Total Publications: 37

Total Publications (37)

34
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2

Biography (1)

  • Dr. Masud Rana is an Associate Professor in the Department of Business Administration at Pabna University of Science and Technology (PUST), Bangladesh. Since joining PUST on September 2, 2023, he has continued his dedication to education and research. Dr. Rana holds a Bachelor of Business Administration (B.B.A.) and a Master of Business Administration (M.B.A.) in Finance and Banking from the University of Rajshahi, where he graduated with notable distinctions. His academic journey led him to pursue a Ph.D. focusing on the "Impact of Monetary Policy on the Economic Development in Bangladesh" at PUST, under the supervision of esteemed professors from both PUST and the University of Chittagong. Dr. Rana’s teaching career began in 2014 when he joined PUST as a Lecturer, later advancing to Assistant Professor in 2016 before becoming an Associate Professor in 2023. He has supervised a significant number of graduate and postgraduate students. Despite the challenges posed by limited research funding and heavy academic workloads, Dr. Rana has made valuable contributions to peer-reviewed international and national journals. His academic career reflects his early passion for engaging in education and research. Dr. Rana’s contributions have been recognized with several awards, including the Best Research Award at PUST in 2022. His research continues to influence the fields of monetary policy, green banking, ESG, SDGs Achievements and the economic development of Bangladesh.

Education (5)

  • Ph.D. awarded on “Impact of Monetary Policy on the Economic Development in Bangladesh” in the Pabna University of Science and Technology, Pabna-6600, Bangladesh. Under the supervision of Dr. Mohammad Saleh Jahur, Professor, Department of Finance, University of Chittagong, Chittagong-4331, Bangladesh and Dr. Md. Abduallah Al Mamun, Associate Professor, Department of Business Administration, Pabna University of Science and Technology, Pabna-6600, Bangladesh.
  • Master of Business Administration (M.B.A.) (Course work and a thesis) in Finance and Banking in 2012 (held in 2014) from University of Rajshahi (RU), Rajshahi-6205, Bangladesh securing CGPA 3.67 (in scale of 4.00).
  • Bachelor of Business Administration (B.B.A.) major in Finance and Banking in the year 2011 (held in 2013) from University of Rajshahi (RU), Rajshahi-6205, Bangladesh securing CGPA 3.55 (in scale of 4.00).
  • Higher Secondary Certificate (HSC) Examination in 2007 with GPA 4.80 (in scale of 5.00) from Cambrian College, Dhaka, Bangladesh.
  • Secondary School Certificate (SSC) Examination in 2005 with GPA 5.00 (in scale of 5.00) from Baoikola Yakubia Dhakil Madrasah, Pabna, Bangladesh.

Teaching Experience (3)

  • Associate Professor (Finance) in the Department of Business Administration at Pabna University of Science and Technology (PUST),Pabna 6600, from 2nd September 2023 to present.
  • Assistant Professor in the Department of Business Administration at Pabna University of Science and Technology (PUST),Pabna 6600, from 25th November 2016 to 1st September 2023.
  • Lecturer in the Department of Business Administration at Pabna University of Science and Technology (PUST),Pabna 6600, from 25th November 2014 to 24th November 2016.

Administrative or Other Experience (4)

  • Worked at Proctor, Pabna University of Science and Technology, Pabna. From 14/08/2024 to 19/08/2024.
  • Worked at Assistant Proctor at Pabna University of Science and Technology, Pabna, Bangladesh From 01/09/2022 to 13/08/2024.
  • Member Academic Committee, Dept. of Business Administration, Pabna University of Sciences and Technology, From 25/11/2014 to till now.
  • Coordinator EMBA, Batch-11, Dept. of Business Administration, Pabna University of Sciences and Technology.

Research Interests (4)

  • Monetary Policy in Bangladesh
  • Capital Market
  • Ratio Analysis of Financial Statement
  • Dividend Policy

Active Research Project (4)

  • UGC Project (2022-2023). "Investigating the Feasibility of Decentralized Finance (DeFi) Platforms as a Replacement for Traditional Financial Services".
  • Monetary Policy in Bangladesh
  • The Impact of Dividend Policy on Share Price
  • Green Banking in Bangladesh

External Affiliation (4)

  • Associate Editor, UniversePG https://www.universepg.com/journal/cjbis
  • Expert Trainer (Financial Planning) at Bangladesh Investment Development Authority- BIDA, Prime Minister’s Office from 22 August 2019 to present.
  • External Course Teacher, Department of Accounting and Informatin System, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Gopalganj, Bangladesh
  • External Course Teacher, Department of Management Studies, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Gopalganj, Bangladesh

Awards & Recognition (1)

  • Best Research Award 2022, Pabna University of Science and Technology, Pabna.

Journal Articles (34)

  • Rana, M., Mamun, M., Islam, H. & Hossain, M. (2024). Exploring the Impact of ESG Practices on Sustainable Development Goals Achievement in South Asia. Review of Economics, 75(3), 249-274. https://doi.org/10.1515/roe-2024-0053
  • Rana, M., Islam, H., Al Mamun, M.A. et al. Impacts of bank loan performance, stability and risk factors on sustainable development goals: insights from South and Southeast Asia. Asia-Pac J Reg Sci (2025). https://doi.org/10.1007/s41685-025-00377-7
  • Al Mamun, M., Islam, H., Karim, R. et al. Exploring the role of blockchain technology in promoting sustainability in the banking sector: an empirical analysis using structural equation modeling. AI & Soc (2025). https://doi.org/10.1007/s00146-025-02250-9
  • Islam, M. M., Redwanuzzaman, M., & Rana, M. (2025). Exploring the role of insurance sector performance in driving economic growth in Bangladesh: A financial metrics perspective. Journal of Ekonomi, 7(2), 95-106.
  • Rana, M., & Islam, M. M. (2024). Unveiling the Dynamics of Informal Remittances: An In-Depth Study of Hundi Practices in Bangladesh. Reforma (100), 55-65.
  • Rekha, R. S., Hossain, M. I., & Rana, M. (2023). The Influence of the COVID-19 Pandemic on the Uptake of Technology-Enabled Banking in Bangladesh. Journal of Business Studies, 4(1), 276–296. https://doi.org/10.58753/jbspust.4.1.2023.31
  • Rana, M., Hossain, M. K., & Rekha, R. S. (2023). The Operational Aspects of Monetary Policy in Controlling the Demand and Supply of Money. Journal of Business Studies, 4(1), 177–200. https://doi.org/10.58753/jbspust.4.1.2023.26
  • Rana, M., & Al Mamun, A. (2024). MONETARY POLICY DYNAMICS AND ECONOMIC PERFORMANCE IN BANGLADESH: AN ARIMA MODEL APPROACH. Journal of Economics and Research, 5(1), 47-62. https://doi.org/10.53280/jer.1431607
  • Islam, H., Soumia, L., Rana, M., Madavarapu, J.B. and Saha, S. (2024), "Nexus between perception, purpose of use, technical challenges and satisfaction for mobile financial services: theory and empirical evidence from Bangladesh", Technological Sustainability, Vol. 3 No. 2, pp. 147-170. https://doi.org/10.1108/TECHS-10-2023-0040
  • Rana, M. (2024). Monetary Policy Challenges in Bangladesh: A Regulatory and Banking Perspective. Reforma, (99), 23-41.
  • Rana, D. M., Mamun, D. M. A. A., Hossain, D. M. K., & Rekha, R. S. (2023). Monetary Policy Efficacy for Price Stability: An In-depth Analysis of Bangladesh’s Economic Landscape. AIUB Journal of Business and Economics, 20(2), 44–58. Retrieved from http://116.206.57.42/index.php/ajbe/article/view/200
  • RANA, M., AL MAMUN, A., HOSSAİN, M. K., ISLAM, H. (2023). Exploring the dynamics of Bangladesh bank’s monetary policy: A factor analysis approach. Journal of Ekonomi, 6(1), 1-17. https://doi.org/10.58251/ekonomi.1374599
  • Islam, H., Rana, M., Saha, S., Khatun, T., Ritu, M.R. and Islam, M.R. (2023), "Factors influencing the adoption of cryptocurrency in Bangladesh: an investigation using the technology acceptance model (TAM)", Technological Sustainability, Vol. 2 No. 4, pp. 423-443. https://doi.org/10.1108/TECHS-07-2023-0025
  • ISLAM, Touhidul, ISLAM, Hasibul, REDWANUZZAMAN, , RANA, Masud and HOSSAIN, Kamal. "Post COVID logistics, strategies and actions need to be taken: evidence from small and medium scale food and beverages manufacturing sector" Logistics, Supply Chain, Sustainability and Global Challenges, vol.13, no.1, 2022, pp.32-49. https://doi.org/10.2478/jlst-2023-0003
  • Mamun, M. A., Rana, M., Islam, M., & Mamun, M. A. (2023). Exploring the factors that affecting adoption of mobile banking in Bangladesh. Journal of Global Business Insights, 8(1), 66-79. https://www.doi.org/10.5038/2640-6489.8.1.1235
  • Rana, M., Rekha, R. S. & Islam, H. (2022). The Impact of Digitalization on the Economic Growth of Bangladesh. Journal of Business Studies, PUST, 3(1), 107-118.
  • Islam, M. S. and Rana, M. (2022). The Influence of Credit Risk Management Indicators on Profitability Attributes: Empirical evidence from the State-Owned Commercial Banks in Bangladesh. Journal of Business Studies, PUST, 3(1), 43-60.
  • Islam, H., Johora, F., Abbasy, A. A., Rana, M., & Antoine, N. (2021). The perceived impact of COVID-19 pandemic on healthcare cost in Bangladesh. Journal of Global Business Insights, 6(2), 172-185. https://www.doi.org/10.5038/2640-6489.6.2.1173
  • Masud Rana, Md. Abdullah Al Mamun., Md. Kamal Hossain, & Rebeka Sultana Rekha, (2021). "The nexus between scholarship programs and higher education". Published in SN Social Sciences, A Springer Nature Journal 1(8), 1-23.
  • Dr. Md. Redwanuzzaman, Md. Kamal Hossain and Masud Rana. "Determinants of Garment Owners’ Perception in Selection of Banks: Evidence from Bangladesh". Published in BUFT Journal of Business & Economics (BJBE), ISSN 2664-9942 (Print), Volume 2, 2021, 35-47.
  • Dr. Md. Abdullah Al Mamun, Mohammad Hedayet Ullah and Masud Rana. “Impact of Capital Structure on Profitability of Cement Industry in Bangladesh”. Published in BUFT Journal of Business & Economics (BJBE), ISSN 2664-9942 (Print), Volume 2, 2021, 217-228
  • Dr. Md. Abdullah Al Mamun and Masud Rana, “Green Banking Practices and Profitability of Commercial Banks in Bangladesh”. Published in IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.Volume 11, Issue 5 Ser. II , 2020, PP 10-14 .
  • Nayan Kumar Sarker, Hasibul Islam, Masud Rana, MD Ruhul Amin. “Corporate Social Responsibility Practices: A Study on Foreign Commercial Banks in Bangladesh”. European Journal of Business and Management, ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online), Vol.12, No.21, 2020, 139-148.
  • Rebeka Sultana Rekha, Md. Ikbal Hossain and Masud Rana. “Measuring Financial Inclusion Index in Bangladesh: A Multidimensional Approach”. Journal of Pabna University of Science and Technology Studies, ISSN 2308-6246, Volume 4, Issue 2, June, 2020, 75-84.
  • Hasibul Islam, Masud Rana, Nayan Kumar Sarker and Md. Abu Bakor Siddique. “Does Bangladesh Need to be Established Derivatives Markets?”. The Asian Institute of Research, Journal of Economics and Business, ISSN 2615-3726, Vol. 3, No. 2, 2020, 625-636.
  • Masud Rana, Md. Abdullah Al Mamun, and Md. Abu Bakor Siddique. “Measuring the Financial Performance of Private Commercial Banks in Bangladesh”. Journal of Pabna University of Science and Technology Studies, ISSN 2308-6246, Volume 4, Issue 2, June, 2020, 85-96.
  • Masud Rana and Md. Masud-Ul Hasan. “Performance Evaluation of Selected Commercial Banks in Bangladesh Based on Profitability: A Comparative Analysis”. Journal of Business Studies, Special Issue on Business and Sustainable Development, University of Rajshahi. JBS-ISSN 2303-9884 (Print), 2020, 231-242.
  • Masud Rana and Md. Abu Bakor Siddique. "Green Banking in Bangladesh: A Descriptive Analysis". IOSR Journal of Business and Management (IOSR-JBM)e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 21, Issue 7. Ser. VI (July. 2019), PP 57-67
  • Masud Rana. “Profitability Position of selected Commercial Banks in Bangladesh”. Journal of Business Studies, PUST, ISSN 2410-8170 (Print), 2018, 1(1): 68-78.
  • Masud Rana. “Performance Evaluation of Rajshahi Krishi Unnayan Bank (RAKUB) in Bangladesh: An Exploratory Study”. Journal of Finance and Accounting. Vol. 4, No. 2, 2016, pp.7180. ISSN: 2330-7331 (Print); ISSN: 2330-7323 (Online).
  • Masud Rana. “Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh”. Journal of Finance and Accounting. Vol. 3, No. 6, 2015, pp. 234-246. ISSN: 2330-7331 (Print); ISSN: 2330-7323 (Online).
  • Md. Kamal Hossain, Masud Rana and Faysal Ahmed. “Impact of recession on readymade garments of Bangladesh”: A critical analysis. International Journal of Applied Research, 2016; 2(9): 85-90
  • Masud Rana, Md. Kamal Hossain and Rebeka Sultana Rekha. “Profitability and liquidity of conventional banking and Islamic banking in Bangladesh: A comparative study”. International Journal of Applied Research 2016; 2(9): 318-327.
  • Md. Masud-Ul-Hasan, Md. Hasebur Rahman, Masud Rana. “Identifying Service Quality Attributes and Measuring Customer Satisfaction of Dhaka-Pabna Route Public Bus Service”. Asian Business Review, Volume 5, Number 2/2015 (Issue 11) ISSN 2304-2613 (Print); ISSN 2305-8730 (Online).

Conference Proceedings (2)

  • "International Webinar 2020 on 'Financing and Managing Rural Development" Organized by Department of Finance, University of Chittagong, Bangladesh
  • International Conference on Business and Sustainable Development (ICBSD 2018), March 8-9, Organized by Faculty of Business Studies, University of Rajshahi, Bangladesh.

Published Book (1)

  • Hasibul Islam and Masud Rana (March 29, 2021). " The Importance of Derivatives Markets in Bangladesh: Why does Bangladesh need to Establish Derivatives market for the economic growth? Publisher ‏ : ‎ LAP LAMBERT Academic Publishing. ISBN-10 ‏ : ‎ 6203581720 ISBN-13 ‏ : ‎ 978-6203581720. Link: https://www.amazon.com/Importance-Derivatives-Markets-Bangladesh-Establish/dp/6203581720

Conducted Courses (6)

  • Financial Derivatives
  • Econometrics
  • Corporate Finance
  • International Finance
  • Insurance and Risk Management
  • Principles of Finance

Other's Faculty Members