Prof. S.V.D. Nageswara Rao


( Director on the Board of Metropolitan Stock Exchange of India, Mumbai )

Professor
203, Shailesh J. Mehta School of Management, I.I.T.Bombay, Powai, Mumbai
91-22-257677789 (Office), 9869239040 (Mobile)
sonti[at]iitb.ac.in

Education

  • Fellow (IIM-A) from Indian Institute of Management, Ahmedabad. Fellow (IIM-A) is the doctorate degree awarded by the Indian Institute of Management, Ahmedabad.
  • Received the “Industrial Finance Corporation of India (IFCI) Best Thesis Proposal Award”, and the “FPM Alumni Research Grant.”
  • B. Tech. (Mechanical Engineering) from National Institute of Technology (NIT), Warangal.

Research Interests

Corporate Finance, Investment Banking, Capital Markets, Mutual Funds, Corporate Governance, Financial Engineering, ESG Investing, and Corporate Social Responsibility

Teaching Interests

  • Finance
  • Economics

Positions Held (Academic)

Visiting Faculty at

  • IIM, Ahmedabad,
  • IIM Indore,
  • IIM, Calicut,
  • NITIE, Mumbai,
  • MANAGE, Hyderabad

Positions Held (Industry)

  • Director on the Board of Metropolitan Stock Exchange of India Ltd., Mumbai.
  • Member of the Finance Committee, IIT Jammu.
  • Member of the Trading and Surveillance Oversight Committee, Metropolitan Stock Exchange of India, Mumbai.
  • Member of the Banking and Finance Committee, Indian Merchants Chamber, Bombay, for the years 2006 – 09.
  • Visitor’s Nominee for faculty selection (Management), NITs.
  • Convener of the E-MBA Committee constituted by the Director, IIT Bombay.
  • Member of the Board of Studies for Finance Area, IIM, Jammu.
  • Member of the Board of Studies, National Institute of Agricultural Extension Management (MANAGE), Hyderabad.
  • Member of the Academic Council, College of Engineering (COEP), Pune.
  • Member of the Board of Studies for MBA (Fintech), JNTU, Anantapuram, Andhra Pradesh.
  • Member of Board of Studies of Department of Commerce, Ramnarain Ruia Autonomus College, Mumbai.
  • Member of the Editorial Board of Amity Journal of Finance.
  • Member of the Board of Studies (Economics), NMIMS University, Mumbai.
  • Member of the Board of Studies (Interdisciplinary Courses), NMIMS University, Mumbai.

 

Consultancy Projects

Organization

Title of the Project

Duration

Co-investigators (if any)

ICRA Ltd., New Delhi
(1997-98)
Developing a methodology for evaluating MF schemes and a bond Index
3 months
—-
Central Bureau of Investigation (CBI)
Assessment of the Methods of Valuation adopted to Price the Equity of NUIL
2 weeks
—-
Ashok Leyland Ltd., Chennai
(2008-09)
Developing the tests for selection of graduate engineers
2 months
Prof. N. Ramakrishnan, Mech. Engg. Dept.
Traco Cable Company, Cochin.
(2012-13)
Techno Economic Feasibility Report
(01-11-2012 to 31-12-2014)
3 months
Prof. P.P. Date, Mech. Engg. Dept.
Prof. Trupti Mishra (SOM)
Larsen and Toubro Ltd.
(2015)
Designing an Aptitude Test for use in screening. (June 2015)
1 month
 
Larsen and Toubro Ltd.
(2015)
Designing an Aptitude Test for use in screening. (September 2015)
1 month
 
Larsen and Toubro Ltd.
(2017-18)
Technology Leadership Programme (TLP)
6 months
 
Larsen and Toubro Ltd.
(2019)
Technology Leadership Programme (TLP)
3 months
 
Pranjura Solutions Ltd.
(2021)
Development of a new Power Exchange in India
18 months
Prof. S.A. Soman (PI)

 

Management Development Programmes (MDPs) Coordinated and Taught :

  1. In-house programme for Reliance Industries Ltd., March 1998.
  2. “Course on Renewable Energy” for participants from the Ministry of Non-Conventional Energy Sources, February 7-11, 2000.
  3. “Economics for Capital Market Professionals” organized by the UTI Institute of Capital Markets, February 7-11, 2000, Vashi, Navi Mumbai. 2000.
  4. Training Programme on “Capital Markets” for executives from the Stockholding Corporation of India, October 13-18, 2000.
  5. “Options, Futures and Trading Strategies”, November 10-11, 2000
  6.  Training Programme on “Risk Management” for executives of the Stockholding Corporation of India Ltd., 2000.
  7.  Training programme on “Business Strategy” for executives from Raptakos Brett & Co. Ltd., February 3-4, 2001
  8. “Training programme for engineers and managers” from Kvaerner Powergas India Pvt. Ltd. from August 03, to October 13, 2002 during the weekends.
  9.  Training programme on “Venture Management and its related E-Commerce Applications” for participants from the member countries of the Colombo Plan, from November 12 – 21, 2002.
  10. Management Development Programme (MDP) on “Building Customer Centric Organization in Services Industry” from November 28 – 29, 2002.
  11. MDP for participants from Hindustan Lever Ltd., Mumbai from May 26 – 31, 2003.
  12. MDP on “Basics of Finance” for participants from Tata Power Company Limited from July 28 – 30, 2003.
  13. MDP for participants from Hindustan Lever Ltd., Mumbai from September 22 -27, 2003.
  14. MDP on “Project Management” for participants from Tecnimont ICB Pvt. Ltd., Mumbai, from October 11 to November 22, 2003 on six Saturdays.
  15. MDP on “Supply Chain Management” for SAP India Ltd., Bangalore from December 04 – 06, 2003.
  16. MDP on “Project Management” for Reliance Industries Ltd., Patalganga from December 11 – 17, 2003.
  17. MDP on “Supply Chain Management” for Intel India Ltd., Bangalore from December 17 – 19, 2003.
  18. MDP on “Project Management” for Tecnimont ICB Pvt. Ltd. from January 10, 2004 to February 14, 2004.
  19. MDP for participants from Tata Teleservices Ltd. from January 15 – 16 , 2004.
  20. MDP for participants from Ashok Leyland Ltd. from September 2004 to April 2006.
  21. MDP for participants from Sterlite Industries Ltd. from March 07 – 09, and June 06 – 18, 2005.
  22. MDP for participants from Sterlite Industries Ltd. from May 16 – 28, and August 15 – 27, 2005.
  23. MDP for participants from Sterlite Industries Ltd. from October 10 – 22, 2005, and January 18 – 30, 2006.
  24. MDP for participants from Marico Industries Ltd., November 13 – 20, 2005
  25. MDP for participants from Tecnimont ICB Pvt. Ltd., February 04 – March 11, 2006
  26. MDP on “Finance for Non Finance Managers” for participants from Reliance Industries Ltd., March 02 – 03, 2006.
  27. MDP on “Manufacturing Excellence” for participants from Larsen and Toubro Ltd., Machinery and Industrial Products (MIPD) Division, May 02 – 05, 2006.
  28. MDP on “Operations Management” for participants from Larsen and Toubro Ltd., Machinery and Industrial Products (MIPD) Division, June 06 – 09, 2006.
  29. MDP on “Manufacturing Excellence” for participants from Larsen and Toubro Ltd., Machinery and Industrial Products (MIPD) Division, August 28 – 31, 2006.
  30. MDP for participants from Hindustan Lever Ltd. (HLL) from April 23 – 29, 2007.
  31. Taught the “Industrial Organization and Management” module in the Diploma / Certificate Programme in Chemical Engineering for participants from Reliance Industries Ltd., December 2007 – February 2008.
  32. Taught the “Financial Literacy” module in the College to Corporate Programme for three batches in 2018.
  33. Taught the “Financial Literacy” module for participants (4 batches) from HPCL between July and December 2018 at their training centre in Pune. (July 12-14, October 25-27, November 19-21, and December 13-15, 2018)
  34. Three day programme titled “Finance for Tech Leaders” for CIOs. February 07-09, 2020 at IIT Bombay. (Amount Rs.4.5 lakhs + GST)
  35. Three day programme titled “Finance for Tech Leaders” for CIOs. March 13-15, 2020 at IIT Bombay. (Amount Rs.4.5 lakhs + GST)
  36. Taught the “Financial Literacy” module (online) for participants (2 batches) from HPCL in 2020. (August 07-08, September 18-19, 2020.
  37. Taught the “Financial Literacy” module (online) for participants (3rd batch) from HPCL, October 02-03, 2020.
  38. Taught the “Financial Literacy” module (online) for participants (4th batch) from HPCL, January 15-16, 2021.

Publications :

Research Monograph

  1. Abhijit Phadnis, and S.V.D. Nageswara Rao (2010), “Factors Influencing Investments into Indian States”, Research Monograph, Published by VDM Verlag Dr. Muller (ISBN: 978-3-639-22187-9).

Chapters in Books

  1. Reeta Shah, and S.V.D. Nageswara Rao (2009), “Economic Value Added as a Performance Measure – Relative Comparison with MVA & Digitization” in book titled “Digitization and Beyond”, ISBN-978-81-905776-76-3.

  2. Mangesh Tayde, and S.V.D. Nageswara Rao (2011) “Do Foreign Institutional Investors (FIIs) Exhibit Herding and Positive Feedback Trading in Indian Stock Markets?”, in “Institutional Investors in Global Capital Markets” published by Emerald Group Publishing Ltd., UK (ISBN: 978-1-78052-242-5).

  3. S.V.D. Nageswara Rao, and Ruchi Chojer (2011). “Governance in Mutual Funds: An Analysis”, in “Corporate Governance in Banks”, published by Macmillan Publishers India Ltd. (ISBN: 023-032-428-2).

  1. S.V.D. Nageswara Rao, and Sree Vinutha (2012). “Estimation of Dynamic VaR”, in “International Finance for Infrastructure Development” published by Bloomsbury in 2012.

  1. Reeta Shah, and S.V.D. Nageswara Rao (2013), “Economic Value Added – An Alternative Performance measure” in book titled “Global Interdependence and Decision Sciences” by Macmillan Publishers, ISBN-0230-32852-5.

  2. Arunima Haldar, S.V.D. Nageswara Rao (2014), “An Empirical Examination of Relationship between Financial Performance and Corporate Governance” in First Edited Volume on Corporate Governance titled “Contemporary Approach to Corporate Governance: The Indian Context” Indian Institute of Corporate Affairs, New Delhi.

Refereed Journals

  1. Raizada Gaurav, and S.V.D. Nageswara Rao, “Interaction of Onshore and Offshore Rupee Currency Markets”, Journal of Prediction Markets (Under Review).

  2. Ved Beloskar, and S.V.D. Nageswara Rao (2021), “Corporate Social Responsibility: Is too much bad? – Evidence from India”, Asia-Pacific Financial Markets (Accepted)

  3. Sree Vinutha Venkataraman, and S.V.D. Nageswara Rao (2021), “Stochastic Dominance Algorithms with Application to Mutual Fund Performance Evaluation”, International Journal of Finance & Economics, January 2021.

  4. Sharifi, S., Haldar, A., and S.V.D. Nageswara Rao (2021), “An Empirical Examination of the Relationship between Credit Risk Management, Size, Profitability, and Ownership of Indian Banks”, International Journal of Managerial and Financial Accounting, Vol.13, No.1, pp.80 – 94

  5. Raizada, Gaurav, Srivastava, Vartika, and S.V.D. Nageswara Rao (2019), “Shall One Sit “Longer” for a Free Lunch?”, Journal of Quantitative Economics, May 2019, 18(1).

  6. Sharifi, S., Haldar, A., and S.V.D. Nageswara Rao (2019), “The Relationship between Credit Risk Management and Non-Performing Assets of Scheduled Commercial Banks in India”, Managerial Finance, 45(3), 399-412

  7. Raizada, Gaurav, and S.V.D. Nageswara Rao (2019), “Market Risk and Trading Durations”, The Empirical Economics Letters (2019), 18(4)

  8. Avinash Ghalke, Chhatradhari Chakravorty, and S.V.D. Nageswara Rao, (2018), “Earnings Management in IPO Bound Firms: Evidence from Indian SME Exchanges”, “Asian Economic and Financial Review” 2018.

  9. Haldar, A., Shah, R., Nageswara Rao, S.V.D., Stokes P., Demirbas D., Dardour A. (2018), “Corporate Performance: Does Board Independence Matter? – Indian Evidence”, International Journal of Organizational Analysis, 26(1)185-200.

  10. Gaurav Raizada, and S.V.D. Nageswara Rao (2017), “Conditional Probabilistic Analysis of Trade Ticks in Currency Derivatives Markets”, The Journal of Trading, Spring 2017.

  11. Devesh Jain, and S.V.D. Nageswara Rao (2017), “Management Control of Students: Scale Development and Validation”, Global Business Review, Volume 8, Issue 3, p. 703–718 (published by Sage).

  12. Sirus Sharifi, Arunima Haldar, and S.V.D. Nageswara Rao (2016), “Relationship between Operational Risk Management, Size, and Ownership of Indian Banks”, Managerial Finance (published by Emerald International) September 2016.

  13. Arunima Haldar, S.V.D. Nageswara Rao, and Kiran Kumar Momaya (2016) “Can Flexibility in Corporate Governance enhance International Competitiveness? Evidence from Knowledge-based Industries in India”, Global Journal of Flexible Systems Management (published by Springer).

  14. V. Sree Vinutha, and S.V.D. Nageswara Rao (2016), “Estimation of Dynamic VaR Using JSU and PIV Distributions”, Risk Management a Journal of Risk, Crisis, and Disaster (published by Palgrave Macmillan), Vol. 18.2016, 2/3, p. 111-134.

  15. Devesh Jain, and S.V.D. Nageswara Rao (2016), “Management Control of Teachers – Scale Development and Validation”, Foreign Trade Review (published by Sage).

  16. Niraj Satnalika, and S.V.D. Nageswara Rao (2015), “Inorganic Growth only Route to Achieve Economies of Scale for Indian E-retailers”, Journal of Internet Banking and Commerce, November 2015.

  17. Niraj Satnalika, and S.V.D. Nageswara Rao (2015), “Sustainability of E-retail in India”, Indian Journal of Economics and Business Vol 14, No.3, December 2015.

  18. Arunima Haldar, Reeta Shah, and S.V.D. Nageswara Rao (2015), “Gender Diversity in Large Listed Indian Companies”, Corporate Ownership and Control, Vol. 12(3).

  19. Arunima Haldar, Reeta Shah, and S.V.D. Nageswara Rao (2015), “EVA as a Measure of Corporate Performance”, Corporate Board, Vol.11 (1).

  20. Arunima Haldar, and S.V.D. Nageswara Rao (2015), “An Empirical Examination of the Impact of Corporate Governance Disclosure on Financial Performance” Corporate Ownership and Control, Vol. 12 (3).

  21. Reeta Shah, Arunima Haldar, and S.V.D. Nageswara Rao (2014), “Economic Value Added: A Financial Flexibility Tool”, Corporate Ownership and Control, 12(1).

  22. V. Sree Vinutha, and S.V.D. Nageswara Rao (2014), “Assessing Response of Growth Funds to Macroeconomic Information and Market Index”, Journal of Quantitative Economics, Vol. 12, No.2, July 2014, pages 76-85.

  23. Arunima Haldar, and S.V.D. Nageswara Rao (2014) “Corporate Governance in India”, Corporate Ownership and Control, 2014.

  24. Shah R., Haldar A. and S.V.D. Nageswara Rao (2014), “Economic Value Added as a Performance Measure – Relative Comparison with MVA”, The Empirical Economics Letters”, 13(1): (January 2014) ISSN 1681 8997.

  25. Shah R., Haldar A. and S.V.D. Nageswara Rao (2014) “Economic Value Added: Relevance and Implications for Indian Corporates”, The Empirical Economic Letters, 13(7): (July 2014) ISSN 1681 8997.

  26. Arunima Haldar, and S.V.D. Nageswara Rao (2014), “Corporate Governance in India”, Corporate Ownership and Control, Vol. 12(1).

  27. Arunima Haldar, and S.V.D. Nageswara Rao (2013), “Governance Practices of Indian Firms: An Empirical Analysis” The Empirical Economic Letters Vol. 12 (9).

  28. Sree. Vinutha V., and S.V.D.Nageswara Rao (2013), “Speed of Reaction of Share Price Indices to Macroeconomic Information”, The Empirical Economics Letters, 2013.

  29. Arunima Haldar, and S.V.D. Nageswara Rao (2012), “Portfolio Flows and Governance in Corporate India” IUP Journal of Corporate Governance, Vol. XI (2).

  30. S.V.D. Nageswara Rao, and Vishnu S. Ramachandra (2012), “Empirical Testing of Asset Pricing Models in India Stock Markets”, International Journal of Money, Banking, and Finance, Volume 1, January – June 2012, pp 10-25.

  31. Arunima Haldar, and S.V.D. Nageswara Rao (2011), “Empirical Study of Ownership Structure and Firm Performance” Indian Journal of Corporate Governance Vol. 4 (2).

  32. S.V.D. Nageswara Rao, and Mangesh Tayde (2010), “Do Foreign Portfolio Investment Flows Destabilize the Stock Market? Evidence from India”, The Journal of Venture Capital and Financial Services, Volume 4, No. 1, January – June 2010, pp 27-38.

  33. Vishnu S. Ramachandra, and S.V.D. Nageswara Rao (2010), “Capital Structure, Industry Pricing, and Firm Performance”, International Journal of Business Insights and Transformation, Volume 3, No. 2, April – September 2010, pp 5-12.

  34. S.V.D. Nageswara Rao, and Vishnu S. Ramachandra (2009), “Stock Returns and Macro Variables: The Indian Evidence”, International Journal of Business Insights and Transformation, Volume 3, No. 1, October 2009 – March 2010, pp 29-38.

  35. S.V.D. Nageswara Rao, Leena Shrivastava, and Vishnu S. Ramachandra (2008), “Single and Multi-Criteria Ranking of Mutual Fund Schemes”, Indian Journal of Capital Market, September, 2008.

  36. S.V.D. Nageswara Rao, and Vishnu S. Ramachandra (2007), “Response of Stock Prices and Volumes to Bond Rating Changes”, Indian Journal of Capital Market, April – June, 2007.

  37. S.V.D. Nageswara Rao (1997), “Response of Stock Prices to Macroeconomic Events”, Finance India, Vol. XI, No. 4, Dec. 1997.

  38. S.V.D. Nageswara Rao (1997), “Impact of Macroeconomic Events on Stock Price Behaviour”, Management and Accounting Research, Jul-Sep. 1997.

     

Refereed Conference Proceedings

1. Ved Beloskar, and S.V.D. Nageswara Rao (2021), “Did ESG save the day? Evidence from India during the Covid 19 Crisis”, proceedings of the Annual Capital Markets Conference, organized by National Institute of Securities Markets (NISM), July 22-23, 2021.

2. Avinash Ghalke, Chhatradhari Chakravorty, and S.V.D. Nageswara Rao, (2018), “Have SME exchanges in India delivered on their promises?”, proceedings of the 3rd International Conference on Financial Markets and Corporate Finance (ICFMCF 2018), July 12-14, 2018, IIT Kanpur.

3. Raizada, Gaurav, Srivastava, Vartika, and S.V.D. Nageswara Rao (2018), “Interaction of Onshore and Offshore Rupee Markets – Cross Country Analysis of Similar Assets”, Proceedings of the Cross Country Perspectives in Finance – Journal of International Financial Markets, Institutions and Money, Guangzhou China (2018).

4. Raizada, Gaurav, Kaushal, Deepak, and S.V.D. Nageswara Rao (2018), “Impact of Technological Changes on Market Efficiency in Indian Equity Markets”, Proceedings of the 3rd International Conference on Financial Markets and Corporate Finance (ICFMCF), IIT Kanpur (2018).

5. Sirus Sharifi, Arunima Haldar, and S.V.D. Nageswara Rao (2017), “Relationship between Growth of Non- Performing Assets and Credit Risk Management Practices in Indian Banks”, proceedings of the 19th International Conference on Finance, Banking and Insurance, New York, USA, June 2017.

6. Sirus Sharifi, Arunima Haldar, and S.V.D. Nageswara Rao (2016), “Credit Risk Management Practices in Indian Banks” proceedings of the International Conference for Business and Economics, University of London, November 2016.

7. Sirus Sharifi, Arunima Haldar, and S.V.D. Nageswara Rao (2016), “Process Improvement Through Credit Risk Management: Evidence from Indian Commercial Banks”, proceedings of the POMS India Chapter Conference, July 29-30, 2016.

8. Gaurav Raizada, and S.V.D. Nageswara Rao (2015), “Trading Durations and Realized Volatilities – A Case from Currency Markets”, 2015 proceedings of the 46th Annual Meeting of the Decision Sciences Institute, Seattle, WA, USA, November 21 – 24, 2015.

9. Haldar A., Shah R. and Nageswara Rao, S.V.D. (2015), “Gender Diversity: Evidence from Indian Corporates” proceedings of the International Journal of Arts and Sciences’ (IJAS) International Conference for Business and Economics, Harvard, Boston, May 2015.

10. Shah R., Haldar A., and Nageswara Rao, S.V.D. (2015), “Is Economic Value Added a Better Corporate Performance Measure? Evidence from India” proceedings of the International Journal of Arts and Sciences’ (IJAS) International Conference for Business and Economics, Harvard, Boston, May 2015.

11. Shah R., Haldar A., and S.V.D. Nageswara Rao (2014), “Economic Value Added: A Financial Flexibility Tool”, proceedings of the Fore International Finance Conference, November 2014.

12. Haldar A., Shah R., and S.V.D. Nageswara Rao (2014), “Gender Diversity In Large Listed Indian Companies” proceedings of the Fore International Finance Conference, November 2014.

13. Haldar A., S.V.D. Nageswara Rao, and Momaya K. (2014), “Corporate Governance and International Competitiveness: Findings from Select Industries in India,” proceedings of the Fourteenth Global Conference on Flexible Systems Management, GLOGIFT 14 & the 7th ICCB Symposium, Singapore, October 2014.

14. Sharifi S., Haldar A., and S.V.D. Nageswara Rao (2014), “Analysis of Operational Risk Management Practices in Indian Banks”, proceedings of the 14th Finance, Risk and Accounting Conference – University of Oxford, September 2014.

15. Haldar A., Shah R., and S.V.D. Nageswara Rao (2014), “Corporate Governance, Board Diversity and Firm Value: The Indian Experience,” proceedings of Corporate Governance Conference at IIM Trichy, June 2014.

16. Haldar A., Shah R., and S.V.D. Nageswara Rao (2014), “Board Room Diversity and Firm Value: Evidence from India”, proceedings of Annual Conference on Government, Corporate Governance and Growth of Capital Markets, Indian Institute of Capital Markets, Mumbai. Received Outstanding Paper Award at the conference in April 2014.

17. Haldar A., Shah R., and S.V.D. Nageswara Rao (2013), “Does Board Independence Matters? Evidence from India”, proceedings of XII Capital Markets Conference, Indian Institute of Capital Markets, Mumbai, December 2013. 

18. Haldar A. and S.V.D. Nageswara Rao (2013), “Corporate Governance Index for Indian Listed Companies”, proceedings of XII Capital Markets Conference, Indian Institute of Capital Markets, Mumbai, December 2013. 

19. Haldar A, and S.V.D. Nageswara Rao (2013), “Corporate Governance in India”, proceedings of Annual Conference on Governance and Capital Markets, Indian Institute of Capital Markets, Mumbai, September 2013. Received Outstanding Paper Award at the conference.

20. Haldar A., and S.V.D. Nageswara Rao (2013), “An Empirical Analysis of Governance Practices of Indian Firms”, proceedings of 3rd IIMA International Conference on Advanced Data Analysis, Business Analytics, and Intelligence, IIM Ahmedabad, India, April 2013.

21. Haldar A., and S.V.D. Nageswara Rao, “Corporate Governance Practices in India”, proceedings of 3rd International Conference on Corporate Governance, SRCC, India, March 2012.

22. Haldar A., and S.V.D. Nageswara Rao, “Evolving a Governance Culture in India”, proceedings of International Conference on Decision Sciences in Managing Global Services, MDI, India, December 2010.

23. Haldar A., S.V.D. Nageswara Rao, and Tayde M., “Ownership Structure and Firm Performance: Evidence from India”, proceedings of 2nd Annual General Business Conference, SHSU, Texas, US, April 2010. Received an honorable mention and was selected for journal publication.

24. Haldar A., and S.V.D. Nageswara Rao, “Corporate Governance and Foreign Portfolio Investment: An Empirical Study of Indian Corporate Firms”, proceedings of 3rd International Conference on Global Interdependence and Decision Sciences, December 28-30, 2009, Hyderabad, India. Macmillan Publishers India, ISBN 978-0-230-32852-5.-2009, p.136142.

25. Haldar A., S.V.D. Nageswara Rao, and Tayde M., “Corporate Governance and Foreign Institutional Investment”, proceedings of International Conference on Corporate Governance for Convergence Norms, IITKGP and NFCG, India, September 2009.

26. Reeta Shah, and S.V.D. Nageswara Rao, “Economic Value Added – An Alternative Performance Measure”, proceedings of 3rd International Conference on Global Interdependence & Decision Sciences organized during December 28-30, 2009 by Administrative Staff College of India, Hyderabad.

27. Sree. Vinutha V., and S.V.D.Nageswara Rao, “Mutual Fund Performance Analysis: First, Second, and Third Order Stochastic Dominance Approach,” proceedings of the International Finance and Banking Conference 2013, organized by the International Finance and Banking Society in collaboration with the University of Leicester, University of Cambridge and University of Warwick, 2013.

28. Sree. Vinutha V., and S.V.D.Nageswara Rao, “Benchmark index based on speed of adjustment to macroeconomic information and efficiency,” proceedings of the International Simulation Conference of India 2012, organized by Industrial Engineering and Operations Research (IEOR), Indian Institute of Technology Bombay, Production Modeling India (PMI) and Operational Research Society of India (ORSI), Mumbai Chapter, 2012.

29. Sree. Vinutha V., and S.V.D.Nageswara Rao, “Estimation of Dynamic VaR,” proceedings of the Diamond Jubilee International Conference on Frontiers of Infrastructure Finance 2011, organized by Vinod Gupta School of Management and Ranbir and Chitra Gupta School of Infrastructure Design and Management, Indian Institute of Technology, Kharagpur, 2011.

30. S.V.D. Nageswara Rao, and Ruchi Chojer, “Governance in Mutual Funds: An Analysis”, proceedings of the International Conference on Corporate Governance in Banking Sector, organized by IPE, Hyderabad, September 8-9, 2011..

31. S.V.D. Nageswara Rao, and Abhijit Phadnis, “Criteria for Locating Manufacturing or Service Facility: Evidence from India”, proceedings of the 12th TCI Annual Global Conference, Jyvaskyla, Finland, October 12-16, 2009.

32. Vishnu S. Ramachandra, and S.V.D. Nageswara Rao, “Capital Structure, Industry Pricing, and Firm Performance”, proceedings of the 22nd Australasian Finance & Banking Conference, organized by the School of Banking and Finance, Australian School of Business, UNSW, Sydney, December 16-18, 2009.

33. Ruchi Chojer, and S.V.D. Nageswara Rao. “Governance of Collective Investment Vehicles – Issues and Practices”, proceedings of the International Conference on Convergence of Corporate Governance Norms, organized by IIT Kharagpur and National Foundation for Corporate Governance, September 05 – 06, 2009.

34. S.V.D. Nageswara Rao, and Mangesh K. Tayde. “The Impact of Foreign Portfolio Investments on Stock Market Returns: Evidence from India” proceedings of the International Conference organized by Association for Global Business, California, USA, November 20 – 23, 2008.

35. S.V.D. Nageswara Rao, and Sanjay Kumar Thakur, “Optimal Hedge Ratio and Hedge Effectiveness: An Empirical Investigation of Hedging in Indian Futures Market” proceedings of the “2008 NTU International Conference of Economics, Finance, and Accounting” organized by National Taiwan University (NTU), Taipei, Taiwan, May 20 – 22, 2008.

36. S.V.D. Nageswara Rao, and Sangeeta Makhija, “An Examination of Initial and Aftermarket Price Performance of Initial Public Offerings of Equity Shares in India” proceedings of the “International Conference on Business and Finance 2008”, organized by Bentley College, Boston, USA, and ICFAI Business School, at Hyderabad, January 11 – 12, 2008.

37. S.V.D. Nageswara Rao, and Mangesh K .Tayde, “The Impact of Foreign Portfolio Investment Flows on Stock Market Volatility in India”, proceedings of the “International Conference on Globalization and Emerging Economies” organized by the Indian Institute of Management (IIM), Indore, August 11 – 13, 2008.

38. S.V.D. Nageswara Rao, and Leena Srivastava, “The Value of Mutual Fund Ranks: Evidence from India” proceedings of the “12th Asia Pacific Management Conference”, organized by School of Management (SOM), Asian Institute of Technology (AIT), Bangkok, Thailand, November 17 – 19, 2006.

39. Vishnu S. Ramachandran, and S.V.D. Nageswara Rao, “Modeling Debt Contract Terms” proceedings of the “12th Asia Pacific Management Conference”, organized by School of Management (SOM), Asian Institute of Technology (AIT), Bangkok, Thailand, November 17 – 19, 2006.

40. Vishnu S. Ramachandran, and S.V.D. Nageswara Rao, “New Security Issue Choice” proceedings of the “Second International Conference on Business, Management, and Economics”, Izmir, Turkey, June 15 – 18, 2006.

41. Vishnu S. Ramachandran, and S.V.D. Nageswara Rao, “Determinants of Aggregate Debt Structure”, proceedings of the “Conference on Research in Finance and Accounting” organized by IIM, Lucknow on March 17 & 18, 2005.

42. S.V.D. Nageswara Rao, and Vishnu S. Ramachandran, “Response of Stock Prices and Volumes to Bond Rating Changes: The Indian Evidence”, proceedings of the “International Conference on Business and Finance” organized by ICFAI University, and Philadelphia University at Hyderabad, December 27 – 28, 2004.

43. S.V.D. Nageswara Rao, Leena Srivastava, and Vishnu S. Ramachandran, “Single and Multi Criteria Ranking of Mutual Fund Schemes”, proceedings of the “Capital Markets Conference 2004” organized by Indian Institute of Capital Markets (Formerly UTI Institute of Capital Markets), Vashi, Navi Mumbai, December 20 – 21, 2004.

44. S.V.D. Nageswara Rao, Vishnu S. Ramachandran, “Empirical Testing of Asset Pricing Models in Indian Stock Markets”, proceedings of the “Conference on Finance and Economics” organized by ICFAI Business School, Bangalore, November 26 – 27, 2004. 

45. S.V.D. Nageswara Rao, Vishnu S. Ramachandran, “Stock Returns and Macro Variables: The Indian Evidence”, proceedings of the “Conference on Finance and Economics” organized by ICFAI Business School, Bangalore, November 26 – 27, 2004.

46. S.V.D. Nageswara Rao, “Response of Stock Prices to Policy Announcements: Indian Experience”, proceedings of the “Capital Markets Conference 1997” organized by the Indian Institute of Capital Markets (Formerly UTI Institute of Capital Markets), Vashi, Navi Mumbai, December 26-27, 1997.

Industry Experience

Senior Manager, ICRA Ltd., New Delhi during 1996-97. Carried out a study of Indian mutual fund industry and developed a methodology for ranking mutual fund schemes. Advised a team of analysts on the valuation of equity shares of 12 public sector undertakings (PSUs) referred to ICRA Ltd. by the Disinvestment Commission, Government of India.

Ph.D. Thesis Supervision

S. No.

Name of the Student

Title of thesis

Year of

completion

Co-guide(s) if any

1.

S. Raghunathan

(98427702)

Impact of foreign portfolio investment flows on stock market volatility.

Withdrew in 2004

2.

Surendra Barsode

(00427801)

Credit Risk and Operational Risk Models for Indian Financial Institutions.

Guide until July 2003

3.

R. Subramanian

(004427704)

Financing of Infrastructure Projects.

Withdrew in 2004

4.

Nilanjana C.

(99427001)

Stock Price Response to Firm Specific Events.

Withdrew in 2004

Prof. Anand Patwardhan

5.

Vishnu S. Ramachandra

(03427005)

Analyzing the Determinants of Corporate Debt Structure and its Impact on Firm Performance in the Indian Context.

Awarded Ph.D. in April 2007.

6.

Abhijit P. Phadnis

(03427802)

Factors Influencing Investments into Indian States

Awarded Ph.D. in 2009

7.

Leena Srivastava

(03427801)

Performance Evaluation of Mutual Funds.

Awarded Ph.D. in June 2008.

8.

Mangesh K.

(05427001)

Impact of Foreign Portfolio Investment Flows on Stock Market Volatility in India

Awarded Ph.D. in June 2011.

9.

Sangeeta Makhija

(04427801)

Initial and after market performance of Initial Public Offerings (IPOs) of Equity Shares in India.

Awarded Ph.D. in June 2010

10.

Ruchi Chojer

(04427701)

Corporate Governance in Mutual Funds

Awarded Ph.D. in 2012

11.

Sanjay Kumar Thakur

(014427002)

A Study of Hedging Performance in the Indian Capital Markets.

Awarded Ph.D. in June 2011.

12.

U. Sreejith

(06427804)

An Empirical Examination of The Information Content of Credit Ratings in India

Awarded Ph.D. in June 2015.

13.

Arunima Haldar

(08427301)

An Empirical Analysis of Governance Practices of Indian Firms.

Awarded Ph.D. in 2014

14.

Devesh Baid

(08427803)

Performance Measurement of Higher Education Institutes in India

Awarded Ph.D. in 2016.

15.

Reeta Shah

(08427802)

Economic Value Added

Awarded Ph.D. in 2016

16.

Sree Vinutha

(09427003)

Evaluation of Mutual Fund Performance: A Stochastic Dominance Approach

Awarded Ph.D. in 2014

17.

Sirus Sharifi

(124272001)

Risk Management in Indian Banks

Awarded Ph.D. in 2017

18.

Gaurav Raizada

(134277001)

Empirical Analysis of Tick Data Patterns in Indian Currency Futures Markets

Awarded Ph.D. in 2020

19.

Niraj Satnalika

(144277001)

Corporate Governance and Value Creation Index

Awarded Ph.D. in 2019

20.

Avinash Ghalke

(154277001)

Critical Role of SME Equity Exchanges in Developing Sustainable Ecosystem.

Awarded Ph.D. in 2019

21.

Ved Boleskar

(184278001)

Socially Responsible Investments (SRI)

In Progress

22.

Aparna Bhat

To be finalized

In Progress

Prof. Piyush Pandey

23.

Sandeep Hasurkar

To be finalized

In Progress

Post Graduate Dissertation Supervision

S. No.

Name of the Student

Title of thesis

Year of

completion

Co-guide(s) if any

1.

Hemang Dave

Financing of Power Projects.

1998

2.

Ashutosh Pandey

(96927825)

Portfolio approach to credit risk management

1998

3.

Vasanth Subramaniam

(99528006)

Comparison of stock indices.

2000

Prof. A. Subramaniam

4.

Subramaniam Y

Business Dashboard for Debt Consolidation Product (GE Capital)

2000

 

5.

Amit Chawla (99927804)

Developing VAR for forex positions at IDBI Bank.

2001

6.

Rachna Tahilyani

(99927846)

Strategy for increasing debit card penetration for Citibank

2001

7.

Mahesh S.

(00927807)

Risk management for a complete trading solution.

2002

8.

Debanjan Bagchi

(00927831)

Estimation of expected loss distribution of the credit portfolio of the Vysya Bank Ltd.

2002

9.

Vishnu S. Ramachandra.

(00927814)

Developing a framework to evaluate performance of private road concessions.

2002

10.

Hariramakrishnan S.

(00927848)

Assessing the IT needs of the banking sector.

2002

11.

Gaurav Lal

(00927845)

Management of sub transmission system in the power sector.

2002

12.

Lanka L. Ratna Kishore (01927850)

Application of a Cointegration based technique for tracking S&P CNX Nifty Index

2003

13.

Harish Jere (00927415)

Power Sector Reforms and Electricity Pricing.

2003

14.

Vikas Kumar

(02927829)

Process Improvement in Credit Derivative Process at eClerx

2004

15.

Anand Bansal (03927810)

Restructuring of Maharashtra State Electricity Board

2005

16.

Smita Sahai (03927848)

Credit Default Swap Risk Reconciliation

2005

17.

Praveen Kumar Singh (03927832)

Stock Price Response to Firm Specific Events

2005

18.

Amit Srivastava (03927809)

Restructuring of Maharashtra State Electricity Board

2005

19.

Pranav Dahiya

(04927807)

Urban Renewal: Repair Model for Cessed Buildings

2006

20.

Prateek Singh Trehan (04927863)

Urban Renewal: Reconstruction Model for Cessed Buildings

2006

21.

Nishant Vaid

(04927861)

Urban Renewal: Legislative Framework for Reconstruction and Repair Models

2006

22.

Abhijit Anand Pai (04927832)

Strategy for Optimization of Datafeed Income for Bombay Stock Exchange (BSE)

2006

23.

Sayan Sircar

(05927852)

The Value Premium and the CAPM: Evidence from India

2007

24.

Pradipto Kamal Tagore (05927820)

Exchange Rate Determination: A Study

2007

25.

Pravir Shah

(06927817)

The Financial and Economic Analysis of Oil and Gas Exploration Projects in India

2008

26.

Moiz Saif

(06927836)

Oil Price Determination

2008

27.

Biswarup Mohapatra

(07927847)

Information Content of IPO Grading

2009

28.

Ganesh Venkata Rama Reddy

(07927844)

Initial and Aftermarket Returns of IPOs of Government and Private Firms

2009

29.

Amit Soni

(07927848)

Corporate Governance and Firm Value

2009

30.

Vishal Chhugani

(07927829)

Price Level and Underpricing of IPOs

2009

31.

Amit Kumar Upadhyay (04D05014)

Pricing of Options by Genetic Programming Approach

2009

Prof. Ganesh Ramakrishnan (CSE)

32.

Ajay Kumar

(01D01006)

Analysis of Indian Financial Crisis of 1991:Stochastic Optimal Control/ Dynamic Programming Approach

2010

Prof. Sanjay Bhat

(Aerospace)

33.

Prabhu Sekaran M. (10927202)

Do IPO Grades Convey Information to Investors? Evidence from India

2012

34.

Mayank Narula (10927882)

Signaling & Liquidity Theory of Stock Buyback: A Study of NSE Listed Firms

2012

35.

Shreya Banerjee (10927201)

Equity Research Report on Tata Motors

2012

36.

Tanuj Goyal & Group No.27

Information Content of IPO Grades

2013

37.

Vikram R. & Group No. 7

Analysis of Stocks and Development of a Portfolio

2013

38.

Amitesh and Group

Valuation of Loop Mobile and Aircel Cellular

2014

39.

Nitin B. & Group No.9

Analyzing Value at Risk (VaR) for S&P 200 Stocks

2014

40.

Awinash & Group No.14

Volatility in Indian Currency Markets

2014

41.

Apoorva E. & Group No.

Root Cause Analysis of NPAs of Bank of India

2014

42.

Suhas Shah & Group No. 14

Empirical Examination of Different Methods of Estimating VaR

2015

43.

Ananth S.G. & Group No. 15

Analysis of Bond Ratings and IPO Grading in India

2015

44.

Anuradha G. & Group No. 19

Analysis and Valuation of Structured Products & Equity Research

2015

45.

Sumeet Kumar Seth (149278119)

Can the Stock Market Predict Corporate Bankruptcy?

2016

46.

Ankit Nayyar, & Rohit Gulia

Multivariate Causality between Economic Growth, Inflation, Stock Market Development and FDI: The Case of India and a Panel of Countries

2017