Dr. Kavita Wadhwa
Assistant Professor
- 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
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
- Doctoral Seminar in Corporate Governance
- Doctoral Seminar in Market Microstructure
Research Interests
- Capital Market issues with special focus on IPOs and SEOs
- Mergers and Acquisitions
- Market Microstructure
- Emerging Market Corporate Governance Issues
- 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 Dayanand University, Rohtak: 2006 – 2008
- Lecturer (Finance and Accounting), Maharaja Aggrasen College for Women, Jhajjar: 2004 – 2005
- Wadhwa, K., & Goodell, J. (Forthcoming), “Political uncertainty and stock price crash risk: Insights from state-elections in an emerging market”, International Review of Financial Analysis, ABDC-A.
- Bhattacharya, S., & Wadhwa, K. (2024), “Does CSR Facilitate Post-Acquisition Integration? The Case of Distressed Mergers and Acquisitions”, Empirical Economic Letters, Vol. 23(4), April 2024, ABDC-C.
- Bhattacharya, S., & Wadhwa, K. (2024), “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.
- Wadhwa, K., & Syamala, S. R. (2023), “Are business groups different from other family firms? Evidence from corporate investments during political uncertainty”, Emerging Markets Review, Vol. 54, ABDC-A.
- Wadhwa, K., & Syamala, S. R. (2020), “Trading performance and market efficiency: Evidence from algorithmic trading”, Research in International Business and Finance, Vol. 54, ABDC-B.
- Tripathi, N. N., Wadhwa, K., & Syamala, S. R. (2020), “Do different types of related party transactions impact firm performance differently? Evidence from emerging market”, IUP Journal of Corporate Governance, Vol. 19, No. 2, ABDC-C.
- Wadhwa, K., & Syamala, S. R. (2019), “Speed of Information Dissemination by Foreign Institutional Investors: Further Evidence”, Research in International Business and Finance, Vol. 49, pp. 301-314, ABDC-B.
- Neupane, S., Wadhwa, K., & Syamala, S. R. (2019), “Do Group-Affiliated Firms time their Equity Offerings”, Pacific-Basin Finance Journal, Vol. 54, ABDC-A.
- Wadhwa, K., & Syamala, S. R. (2019), “Role of Market Timing and Market Conditions: Evidence from Seasoned Equity Offerings”, The North American Journal of Economics and Finance, Vol. 48, ABDC-B.
- Wadhwa, K., & Syamala, S. R. (2018), “Reallocation of IPO shares: Emerging Market Evidence”, International Journal of Managerial Finance, Vol. 12(2), ABDC-A.
- Wadhwa, K., & Syamala, S. R. (2018), “Market Timing and Pseudo Market Timing: An empirical examination of IPOs in India”, Managerial Finance, Vol. 44(2), ABDC-B.
- Wadhwa, K., Syamala, S. R., & Goyal, A. (2017), “Commonality in liquidity: Determinants, market returns, and financial crisis”, The North American Journal of Economics and Finance, Nov. 2017, ABDC-B.
- Reddy, V. N., Goyal, A., Mohamed, A., & Wadhwa, K. (2016), “IPOs, SEOs, real investments and market timing: Emerging market evidence”, Journal of International Financial Markets, Institutions and Money, Vol. 45, Nov. 2016, ABDC-A.
- Chauhan, Y., Syamala, S. R., Goyal, A., & Wadhwa, K. (2015), “Block-ownership, bank nominee director and crash-risk”, Finance Research Letters, Vol. 14, pp. 20-28, August 2015, ABDC-A.
- Chauhan, Y., Syamala, S. R., & Wadhwa, K. (2015), “Board Busyness and Crash Risk: Evidence from Indian Stock Market”, International Journal of Corporate Governance, Vol. 6(1), pp. 1-24, ABDC-B.
- Wadhwa, K., & Syamala, S. R. (2015), “An Empirical Examination of Efficiency Theory of Mergers in Emerging Market India”, Theoretical Economic Letters, Vol. 5, pp. 757-774.
- Chauhan, Y., Syamala, S. R., & Wadhwa, K. (2014), “Institutional Investors and Stock Liquidity”, Global Business Review, Vol. 15(3), pp. 461-476, ABDC-C.
- Syamala, S. R., Reddy, V. N., & Wadhwa, K. (2014), “Underpricing, Long-run Performance and Secondary-market Liquidity: An Empirical Examination of Indian IPO Market”, Afro-Asian Journal of Finance and Accounting, Vol. 4(1), pp. 75-93, ABDC-C.
- Syamala, S. R., & Wadhwa, K. (2012), “International Stock Market Integration: A Study of the US and the BRIC Markets”, International Research Journal of Economics and Business Studies, Vol. 1(3), pp. 56-67, Jan 2012.
- Syamala, S. R., & Wadhwa, K. (2011), “Foreign Direct Investment into Developing Asian Countries: The role of Market Seeking, Resource Seeking and Efficiency Seeking Factors”, International Journal of Business and Management, Vol. 6, pp. 219-226, Nov 2011.
- Pansari, A., & Wadhwa, K. (2011), “Disclosures of CSR Practices: A Literature Review”, IUP Journal of Corporate Governance, Vol. 10, pp. 45-55, Jan 2011, ABDC-C.
- Vinayek, R., & Wadhwa, K. (2007), “Copyright Protection – Legal Issues”, Amity Management Analyst, Vol. 2(2), pp. 45-55, July-Dec 2007.
- Wadhwa, K., & Satish, D. (2012), “Acquisition of Cairn India by Vedanta: Biggest Deal Indian Oil Sector”, ECCH, Case Reference No. 112-002-1, Listed in ECCH.
- Wadhwa, K., & Satish, D. (2011), “Costing in Pepe Denim”, ECCH, Case Reference No. 111-071-1, Listed in ECCH.
Conference Presentations
- India Finance Conference, December 20-22, 2018, IIM Calcutta, Paper Presented: “Do group-affiliated firms time their equity offerings?”
- India Finance Conference, December 20-21, 2017, IIM Bangalore, Paper Presented: “Do group affiliated firms time their equity offerings?”
- India Finance Conference, December 18-19, 2015, IIM Calcutta, Paper Presented: “IPOs, SEOs, real investments, and market timing: Emerging market evidence”
- TAPMI-CSU 1st International Conference, April 14-15, 2015, Paper Presented: “IPOs, SEOs, real investments, and market timing: Emerging market evidence”
- 10th International Conference in Business and Finance, IBS Hyderabad, IFHE University, January 2014, Paper Presented: “Behavioral and Rational Explanations of Equity Issuance: An Empirical Examination of Public Equity Issuance in India”
- 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”
- 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”
- Syracuse University Brown Bag Seminar Series, Feb 22, 2012, Paper Presented: “An Empirical Examination of Efficiency Theory of Mergers in India”
- 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”
- 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
- Ms. Sulagna Bhattacharya - Topic: “CSR and M&A: During Mandatory CSR Regime in Emerging Economy India”, Defended Ph.D. Thesis in Jan 2025, IIFT Kolkata.
- Mr. Naseem Ahemad - Topic: “Firm Performance and Top Executive Turnover: An Empirical Analysis of NSE listed companies in India”, Ph.D. awarded in 2018, IBS Hyderabad.
- Mr. Rajneesh Rangan Jha - Topic: “The impact of ownership structure and business group affiliation on corporate cash holdings: Evidence from India”, Ph.D. awarded in 2018, IBS Hyderabad.
Administration
- Programme Director, MBA (International Business), 2019-21 Full-Time Batch, Indian Institute of Foreign Trade (IIFT).
- Convener, Management Doctoral Colloquium, 6th December, 2019, IIFT.
- Convener, Management Doctoral Colloquium, 1-2nd December, 2022, IIFT.
Awards and Achievements
- Best Paper Award (1st Prize), XIth Capital Market Conference, Indian Institute of Capital Markets, Mumbai, for the 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, IBS Hyderabad, for faculty members, April 25-28, 2015.
- Workshop on SAS, 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, LM Thapar School of Management, Thapar University, October 7-8, 2017.
