About Us

Name : Dr. Kavita Wadhwa

Specialization : Finance

Designation : Assistant Professor

Email : kavitawadhwa@iift.edu

Qualification

  • Ph.D. (Finance), IBS Hyderabad (IFHE University), Jan, 2014
  • Visiting Scholar (Finance), Martin J. Whitman School of Management, Syracuse University (USA), 2011-2012
  • Ph.D. (Accounting), Maharshi Dayanand University, Rohtak, June, 2011
  • M.Phil. (Finance and Accounting); Kurukshetra University, Kurukshetra, 2004-2005  
  • M.Com. (Finance and Accounting), Department of Commerce, Maharshi Dayanand University, Rohtak, 2002-2004
  • B.Com, G.C.W., Rohtak, Maharshi Dayanand University, Rohtak, 1999-2002

Areas of Interest / Specialization

Courses Taught:

  • Financial Accounting
  • Management Accounting
  • Financial Statement Analysis
  • Financial Management
  • Portfolio Management and Mutual Funds
  • Financial Modeling using MS-Excel
  • Doctoral Seminar in Corporate Finance
  • Doctotal Seminar in Corporate Governance
  • Doctoral Seminar in Market Microstructure

Research:

  • Capital Market issues with special focus on IPOs and SEOs
  • Mergers and Acquisitions
  • Market Microstructure 
  • Emerging Market Corporate Governance Issues

Work Experience

Assistant Professor, Department of Finance, Indian Institute of Foreign Trade (IIFT):  May, 2018 – till date

Associate Professor, Department of Finance, IBS Hyderabad, IFHE University:  October, 2016 – April, 2018 

Assistant Professor, Department of Finance, IBS Hyderabad, IFHE University:  January, 2014 – September, 2016

Faculty Member, Department of Finance, IBS Hyderabad, IFHE University:  May 2010 - December 2013

Assistant Professor (Finance and Accounting), IHTM, Maharshi Dayanad University, Rohtak:  2006 - 2008

Lecturer (Finance and Accounting), Maharaja Aggrasen College for Women, Jhajjar:  2004 - 2005

Publications

  1. Wadhwa, K. and Goodell, J. "Political uncertainty and stock price crash risk: Insights from state-elections in an emerging market", International Review of Financial Analysis, Forthcoming (ABDC-A).
  2. Bhattacharya , S. and Wadhwa, K. "Does CSR Facilitate Post-Acquisition Integration? The Case of Distressed Mergers and Acquisitions", Empirical Economic Letters, Vol, 23 (4), April 2024 (ABDC-C).
  3. Bhattacharya , S. and Wadhwa, K. "Is Corporate Social Responsibility a Catalyst in Distressed Mergers and Acquisitions? The Indian Evidence", Business and Economics Research Journal, Vol. 15 (2), April 2024 (ABDC-C).
  4. Wadhwa, K. and Syamala, S. R. 'Are business groups different from other family firms? Evidence from corporate investments during political uncertainty', Emerging Markets Review, Vol. 54, 2023 (ABDC-A).
  5. "Trading performance and market efficiency: Evidence from algorithmic trading" with Sudhakar Reddy Syamala, Research in International Business and Finance, Vol. 54, 2020 (ABDC-B).
  6. “Do different types of related party transactions impact firm performance differently? Evidence from emerging market”, with Nitya Nand Triptahi and Sudhakara Reddy Syamala, IUP Journal of Corporate Governance, Vol. 19, No.2, 2020 (ABDC-C).
  7. "Speed of Information Dissemination by Foreign Institutional Investors: Further Evidence" with Sudhakara Reddy Syamala, Research in International Business and Finance, Vol. 49, pp. 301-314, 2019. (ABDC-B)
  8. "Do Group-Affiliated Firms time their Equity Offerings" with Suman Neupane and Sudhakara Reddy Syamala, Pacific-Basin Finance Journal, Vol. 54, 2019. (ABDC-A)
  9. "Role of Market Timing and Market Conditions: Evidence from Seasoned Equity Offerings", with Sudhakara Reddy, The North American Journal of Economics and Finance, Vo. 48, 2019. (ABDC-B)
  10. ”Reallocation of IPO shares: Emerging Market Evidence”, with Sudhakara Reddy, International Journal of Managerial Finance, Vol. 12 (2), 2018. (ABDC-A)
  11. “Market Timing and Pseudo Market Timing: An empirical examination of IPOs in India”, with Sudhakara Reddy, Managerial Finance, Vo. 44 (2), 2018. (ABDC-B)
  12. “Commonality in liquidity: Determinants, market returns, and financial crisis”, with Sudhakara Reddy and Abhinav Goyal, The North American Journal of Economics and Finance, Nov. 2017. (ABDC-B)
  13. “IPOs, SEOs, real investments and market timing: Emerging market evidence”, with V. Nagi Reddy, Abhinav Goyal and Abdulkadir Mohamed, Journal of International Financial Markets, Institutions and Money, Vol. 45, Nov. 2016. (ABDC-A)
  14. “Block-ownership, bank nominee director and crash-risk”, with Yogesh Chauhan, Sudhakara Reddy and Abhinav Goyal, Finance Research Letters: 14, pp. 20-28, August 2015. (ABDC-A)
  15. "Board Busyness and Crash Risk: Evidence from Indian Stock Market”, with Sudhakara Reddy and Yogesh Chauhan, International Journal of Corporate Governance: Vol6 (1), pp. 1-24, 2015. (ABDC-B)
  16. “An Empirical Examination of Efficiency Theory of Mergers in Emerging Market India”, with Sudhakara Reddy, Theoretical Economic Letters: 5, pp. 757-774, 2015.
  17. “Institutional Investors and Stock Liquidity”, with Sudhakara Reddy and Yogesh Chauhan, Global Business Review: Vol 15 (3), pp. 461-476, 2014. (ABDC-C)
  18. "Underpricing, Long-run Performance and Secondary-market Liquidity: An Empirical Examination of Indian IPO Market”, with Sudhakara Reddy Syamala and V. Nagi Reddy, Afro-Asian Journal of Finance and Accounting: Vol 4 (1), pp.75-93, 2014. (ABDC-C)
  19. “International Stock Market Integration: A Study of the US and the BRIC Markets”, with Sudhakar Reddy S, International Research Journal of Economics and Business Studies: 1(3), pp. 56-67, Jan 2012.
  20. “Foreign Direct Investment into Developing Asian Countries: The role of Market Seeking, Resource Seeking and Efficiency Seeking Factors”, with Sudhakar Reddy S, International Journal of Business and Management: 6, pp. 219-226, Nov 2011. 
  21. “Disclosures of CSR Practices: A Literature Review”, with Anita Pansari, IUP Journal of Corporate Governance: 10, pp. 45-55, Jan 2011. (ABDC-C)
  22. “Copyright Protection – Legal Issues”, with Ravinder Vinayek, Amity Management Analyst: 2 (2), pp 45-55, July-Dec 2007.
  23. “Acquisition of Cairn India by Vedanta: Biggest Deal Indian Oil Sector”, with Satish D., ECCH, Case Reference No. 112-002-1, 2012. (Listed in ECCH)
  24. “Costing in Pepe Denim”, with Satish D., ECCH, Case Reference No. 111-071-1, 2011. (Listed in ECCH)

Conference Presentations:

  1. India Finance Conference, December 20-22, 2018 (Held at IIM Calcutta), Paper Presnted: "Do group-affiliated firms time their equity offerings?"
  2. India Finance Conference, December 20-21, 2017 (Held at IIM Bangalore), Paper Presnted: "Do group affiliated firms time their equity offerings?"
  3. India Finance Conference, December 18-19, 2015 (Held at IIM Caclutta), Paper Presented: “IPOs, SEOs, real investments, and market timing: Emerging market evidence”
  4. TAPMI-CSU Ist International Conference, April 14-15, 2015, Paper Presented: “IPOs, SEOs, real investments, and market timing: Emerging market evidence”
  5. 10th International Conference in Business and Finance, IBS Hyderabad, IFHE University, Paper Presented: “Behavioral and Rational Explanations of Equity Issuance: An Empirical Examination of Public Equity Issuance in India”, January, 2014
  6. XIth Capital Market Conference, Indian Institute of Capital Markets, Mumbai, 21-22 December, 2012, Paper Presented: “Market Timing and Pseudo Market Timing by Firms: An Empirical Examination of Public Equity Issuance in India”
  7. 12th International Business Research Conference, University of North Florida, Jacksonville, Feb 9-10, 2012, Paper Presented: “An Empirical Examination of Efficiency Theory of Mergers in India”
  8. Syracuse University Brown Bag Seminar Series, Feb 22, 2012, Paper Presented: “An Empirical Examination of Efficiency Theory of Mergers in India”
  9. 13th INBUSH 2011 – Biggest International Business Summit and Research Conference of Asia, Amity International Business School, Noida, India, February 23 – 25, 2011, Paper Presented: “Foreign Direct Investment into Developing Asian Countries: The role of Market Seeking, Resource Seeking and Efficiency Seeking Factors”.
  10. International Conference on Quantitative Methods in Money, Banking, Finance and Insurance (ICQMBFI), Jointly organized by IBS Hyderabad and IGIDR , Mumbai, March 19-20, 2010, Paper presented: “Impact of Market Power on Capital Structure: A study of Indian IT industry”.

Ph.D. Guidance:

Acting/Acted as Supervisor for the following Ph.D. candidates:

  1. Ms. Sulagna Bhattacharya - Topic of Dissertation, "Mandatory CSR and M&A" (Submitted Ph.D. Thesis in July 2024, Batch of 2018, IIFT Kolkata,)
  2. Mr. Naseem Ahemad - Topic of Dissertation, "Firm Performance and Top Executive Turnover: An Empirical Analysis of NSE listed companies in India", (Ph.D. awarded in 2018, IBS Hyderabad)
  3. Mr. Rajneesh Rangan Jha - Topic of Dissertation, “The impact of ownership structure and business group affiliation on corporate cash holdings: Evidence from India”, (Ph.D. awarded in 2018, IBS Hyderabad)

Professional / Academic Affiliations

Administration: 

  • Programme Director of MBA (IB) 2019-21 FT Batch.
  • Convener, Management Doctoral Colloquium held on 6th December, 2019 at IIFT.
  • Convener, Management Doctoral Colloquium held on 1-2nd December, 2022 at IIFT

Awards and Achievements:

  • Best Paper Award (Ist Prize) in XIth Capital Market Conference, Indian Institute of Capital Markets, Mumbai for research paper titled, “Market Timing and Pseudo Market Timing by Firms: An Empirical Examination of Public Equity Issuance in India”. (December, 2012).
  • Topper in Ph.D. Course Work.
  • University Topper in M.Com
  • University Rank Holder in B.Com

Workshops Conducted:

  • Workshop on Analytics at IBS Hyderabad for faculty members, April, 25-28, 2015
  • Workshop on SAS at IBS Hyderabad for faculty members, October 3-4, 2013
  • Workshop on Applied Econometrics jointly organized by Department of Management and Commerce, Osmania University and ICSSR, April 21-25, 2013.
  • Workshop on Financial Modelling using Ms-Excel at LM Thapar School of Management, Thapar University, October, 7-8, 2017.

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