Biography

Indian Institute of Management Ahmedabad
Associate Professor

Educational Qualifications

Fellow (IIMA), FCA, ACS, ACMA

Academic Affiliation

Associate Professor, Finance and Accounting Area, IIM Ahmedabad

Professional Affiliation

  • Fellow, Indian Institute of Management Ahmedabad
  • Fellow Member, Institute of Chartered Accountants of India
  • Associate Member, Institute of Company Secretaries of India
  • Associate Member, Institute of Costs Accountants of India

Publications/ Articles/ Cases:

" Informed trading around earnings announcements - Spot, futures, or options?", Journal of Futures Markets, Forthcoming (With Sonali Jain, Jayanth R. Varma and Ajay Pandey) " Indian equity options: Smile, risk premium and efficiency", Journal of Futures Markets, Forthcoming (With Sonali Jain and Jayanth R. Varma) " An Examination of Factors Driving Big 4 Audit Fee Premiums: Evidence from India's Audit Market". Accounting Horizons, Forthcoming (With Joshy Jacob and Naman Desai) " Size, Value and Momentum in Indian Equity". Vikalpa, 2017, Vol. 42 (4), 211-219 (With Joshy Jacob and Jayanth R. Varma) " The Impact of Self-Deception and Professional Skepticism on Perceptions of Ethicality", Advances in Accounting,Vol. 37, 85-93, 2017 (With Naman Desai and Arindam Tripathy) " Chit Fund Participation and Sources of Economic Value", 2016, Research Report, IIMA Publication. (With Samir K. Barua, Joshy Jacob and Jayanth R. Varma) " Savings, Borrowings and Remittance Behaviour of Migrant Workers in Urban India". 2016, Research Report, IIMA Publication (With Samir K. Barua, Joshy Jacob and Jayanth R. Varma) " Impact of introduction of call auction on price-discovery: Evidence from Indian stock market using high-frequency data". International Review of Financial Analysis, 2015, Vol. 39, 167-178 (With Joshy Jacob and Ajay Pandey) " Financial literacy among working young in urban India". World Development, 2015, Vol. 67, 101-109. (With Samir K. Barua, Joshy Jacob and Jayanth R. Varma) " Expiration-Day Effects and the Impact of Short Trading Breaks on Intraday Volatility: Evidence from the Indian Market". The Journal of Futures Market, 2013, Vol. 33(11), 1046 - 1070 (With Ajay Pandey) " Mandatory IPO grading: Does it help pricing efficiency?" 2015, Vikalpa.Vol. 40 (2), 132-144. (With Joshy Jacob) " Under-pricing of Initial Public Offerings: An Empirical Analysis of Indian IPO Market", International Journal of Strategic Management, Vol. 8(1), 2008. " Effectiveness of financial literacy interventions in improving financial literacy among rural women in North India". Research Report, IIM Ahmedabad Publication. (With Samir K. Barua, Joshy Jacob and Jayanth R. Varma) " A Survey of Financial Literacy among Students, Young Employees and the Retired in India". Research Report, IIM Ahmedabad Publication. (With Samir K. Barua, Joshy Jacob and Jayanth R. Varma) " Structuring the Dedicated Freight Corridor Corporation of India Limited - A Lost Opportunity (Abridged)'', WCTR, 2013 conference, Rio de Janeiro, Brazil (July, 2013). (conference publication)

Databases

  • Fama French and Momentum Factors: (With Joshy Jacob and Jayanth R. Varma)
  • Fama French and Momentum Factors
  • Six Portfolios formed on Size and Value
  • Four Portfolios formed on Size and Momentum

Conferences Presentations:

" Impact of Introduction of Call Auction on Price-Discovery: Evidence from Indian Stock Market using High-Frequency Data" (With Joshy Jacob and Ajay Pandey) 9th Annual Conference of Asia-Pacific Association of Derivatives (APAD), Busan, Korea (August, 2013) Eastern Finance Association, Florida (April 2013) " Mandatory IPO Grading: Does It Help Pricing Efficiency? (With Joshy Jacob) Eastern Finance Association, Florida (April 2013) India Finance Conference, IIM Calcutta (December, 2012) " Whether Cross-Listing, Stock-specific and Market-wide Calendar Events impact Intraday Volatility Dynamics? Evidence from the Indian Stock Market using High-frequency Data". FEG-JFM Symposium on the Financial Econometrics of Derivative Securities and Markets at Deakin University, Australia (January, 2013) " Empirical analysis of post-listing performance of Initial Public Offerings" International Academy of Business and Economy conference at Stockholm, Sweden (June, 2008) " Intraday Activity Patterns and Market Microstructure Effects: An Empirical Investigation of Indian Capital Market Using High Frequency Data" (Thesis Proposal) Doctoral Colloquium, Indian Institute of Management, Ahmedabad (January, 2008) " Structuring the Dedicated Freight Corridor Corporation of India Limited – A Lost Opportunity" (With G. Raghuram) WCTR, 2013 conference, Rio de Janeiro, Brazil (July, 2013)

Cases:

  • Banking the unbanked - Case (with Samir K. Barua)
  • Banking the unbanked – Teaching Note (with Samir K. Barua)
  • MSGF: A checkered saga? – Case (With Samir K. Barua)
  • MSGF: A checkered saga? – Teaching Note (With Samir K. Barua)
  • Lupin Foray into Japan – Case (with Joshy Jacob and Prem Chander)
  • Lupin Foray into Japan – Teaching Note (with Joshy Jacob)
  • ICICI Bank - FPO – Case (with Joshy Jacob and Jayanth R. Varma)
  • ICICI Bank - FPO – (Draft) Teaching Note (with Joshy Jacob and Jayanth R. Varma)
  • NTPC – FPO: Case (with Samir K. Barua)
  • NTPC – FPO: Teaching Note (with Samir K. Barua)
  • NMDC Ltd. – FPO: Case (with Premchander)
  • NMDC Ltd. – FPO: Teaching Note (with Premchander)

Brief Cases/Exercises:

  • Parag Sarees Private Limted
  • Ganguly International Limited
  • DRL Limited

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