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Garima Sisodia

Garima Sisodia Email-ID: garima@rajagiri.edu

<p style="margin-left:0cm; margin-right:0cm; text-align:justify"><span style="font-size:14px"><span style="font-family:Arial,Helvetica,sans-serif"><span style="color:null"><span style="background-color:#fbfbfb">LinkedIn: </span></span></span></span><span style="font-size:11.0pt"><span style="font-family:&quot;Calibri&quot;,sans-serif"><a href="http://www.linkedin.com/in/garima-sisodia-b650aa1a" style="color:#0563c1; text-decoration:underline" target="_blank"><span style="font-size:10.5pt"><span style="font-family:&quot;Times New Roman&quot;,serif">www.linkedin.com/in/garima-sisodia</span></span></a></span></span></p> <p style="margin-left:0cm; margin-right:0cm; text-align:justify"><span style="font-size:14px"><span style="font-family:Arial,Helvetica,sans-serif"><span style="color:null">Dr. Garima Sisodia earned her Ph.D. in Finance from IFHE University, Hyderabad. Before joining Rajagiri Business School, she taught postgraduate and doctoral students in accounting, finance, and market microstructure at IBS Hyderabad for over a decade. Her research interests span corporate governance, sustainable finance, gender diversity, price discovery of cross-listed securities, and innovations and ethics in modern market microstructure.Her cases and simulations are published by The Case Centre, UK, and the IBS Case Development Centre (CDC), the world&rsquo;s third-largest case repository. These materials have been extensively used at IBS Hyderabad and Rajagiri Business School, where they have proven highly effective in the classroom. Dr. Sisodia has presented papers at prestigious conferences and published research articles in reputable international journals, including Economic Modelling, Applied Economics, Finance Research Letters, and the International Journal of Managerial Finance.She also serves as a guest referee for several journals, including the Journal of Financial Stability, International Journal of Corporate Governance, International Journal of Managerial Finance, International Journal of Managerial and Financial Accounting, and Global Business and Economics Review.In addition to her academic contributions, Dr. Sisodia has designed and delivered Management Development Programs (MDPs) for executives of reputable companies, such as ONGC and ITC Paperboards. She actively engages in curriculum innovation and accreditation efforts, serving as a core committee member for EFMD accreditation and chairing the Learning and Teaching Pillar of the Strategic Planning and Advisory Council at Rajagiri Business School.</span></span></span></p>

Educational Qualification

  • Ph.D. in Finance (IFHE University)
  • M.Phil. (ICFAI University, Tripura)
  • NET (UGC)
  • MBA (ICFAI University, Dehradun)

Work Experience (Research /Teaching)

  • Associate Professor, IBS Hyderabad
  • Assistant Professor, IBS Hyderabad
  • Teaching Associate, IBS Hyderabad

Area of Interest (Research /Teaching)

Teaching Interests

  • Fundamentals of Financial Management
  • Corporate Finance
  • Financial Accounting
  • Managerial Accounting
  • Cost Accounting
  • Security Analysis
  • Portfolio Management and Mutual Funds
  • Financial Derivatives and Management.

Research Interests

  • Sustainable Finance
  • Climate Risk and Opportunities
  • Corporate Finance
  • Corporate Governance
  • Price Discovery
  • Volatility Transmission
  • Market Microstructure and Asset Pricing

Consultancy

  • Research workshop on “How to publish in finance and accounting?”, Shri Guru School of Data Analytics, Mysuru (2025)
  • 4th Rajagiri Conference of Economics and Finance – Session on “Art of Publishing Finance Research in Top-tier Journals”, Rajagiri Centre for Business Studies (2022)
  • MDP on Capital Budgeting for ONGC Ltd., IBS Hyderabad (2019)
  • MDP on Financial Statement Analysis for Bank Executives of various banks, IBS Hyderabad (2017)
  • MDP on Optimal Working Capital Management for ITC Bhadrachalam Paperboards Ltd., ITC Bhadrachalam Paperboards Ltd. (2017)

Journal Publication

  • The role of the banking sector in economic resurgence and resilience: Evidence from Pacific Island Countries, Global Journal of Flexible Systems Management, 2024, [ABDC- A]
  • The conditional impact of market conditions, volatility, and liquidity shocks on the arbitrage opportunities during pre‐COVID and COVID periods, International Journal of Finance & Economics (2024) [ABDC- B]
  • Whether corporate green bonds act as armour during crises? Evidence from a natural experiment, International Journal of Managerial Finance (2022)  [ABDC- A]
  • Bank-appointed directors and idiosyncratic volatility: Evidence from India, International Journal of Managerial Finance (2022) [ABDC- A]
  • Bankruptcy law, creditors’ rights and financing choices: Evidence from a quasi-natural experiment in India, Applied Economics (2021) [ABDC- A]
  • Corporate social responsibility and cash holdings in India: Evidence from a natural experiment, Finance Research Letters (2021) [ABDC- A]
  • The relationship between human capital and firm value: Evidence from Indian firms, Cogent Economics & Finance (2021) [ABDC- B]
  • Creditors’ governance, information asymmetry, and debt diversification: Evidence from India, International Journal of Managerial Finance (2020) [ABDC- A]
  • A frequency domain causality investigation between futures and spot prices of Indian commodity markets, Economic Modelling (2014) [ABDC- A]
  • Efficiency of emerging stock markets: Evidences from “BRICS” stock indices data using nonlinear panel unit root test, Journal of Economic and Financial Modelling (2013)
  • Factors affecting commodity futures price volatility in India: An empirical examination, Interdisciplinary Journal of Management and Behavioural Sciences (2012)
  • Determinants of Returns of Cross Listed Firms: Evidence from Indian GDR. IOSR Journal of Business and Management (2012)
  • Cross-listed Securities and Law of One Price: Evidence from Indian GDR, Interdisciplinary Journal of Management and Behavioral Sciences (2012)

CASES PUBLISHED

  • Risk Analysis of Shale Gas Extraction Project_ along with its teaching note and instructor spreadsheet, The Case Center, UK (2020)
  • Weighted Marginal Cost of Capital for Tecnet Steel Limited_ along with its teaching note and instructor spreadsheet, The Case Center, UK (2020)
  • Financial Feasibility Analysis of Shale Gas Extraction_ along with its teaching note and instructor spreadsheet, The Case Center, UK (2020)
  • Inventory Management Dilemma at Super Cement_ along with its teaching note and instructor spreadsheet, The Case Center, UK (2019)
  • Management of Return on Human Capital: An Exercise_ along with its teaching note, The Case Center, UK (2017)
  • Smart Investors Limited_ along with its teaching note, The Case Center, UK (2011)

Paper Presentation

  • Debt Diversification and Financial Flexibility, India Finance Conference, IIM Raipur (2024)
  • The Impact of Ownership Structure on ESG Scores: Evidence from India, 11th International Conference on Sustainability (SUSCON XI), IIM Shillong (2024)
  • Whether Corporate Green Bonds Act as Armour during Crises? Evidence from a Natural Experiment, 3rd SEBI-NISM Research Conference, NISM Mumbai (2022)
  • Impact of COVID-19 on Shariah versus Non-Shariah Compliant Stocks: A Comparative Study using Wavelet Analysis, 8th PAN IIM World Management Conference, IIM Kozhikode (2021)
  • Comparing Energy Contagion of the Indian Industries across Global Financial Crisis and COVID 19, Second SEBI-NISM Research Conference, NISM-Mumbai (2021)
  • Do the Determinants of the Speed of Adjustment Differ for the Shariah Compliant Firms? An Evidence from India, GIM Conference on Applied Economics and Finance, GIM-Goa (2019)
  • Impact of Market Sentiments on the Causal Nexus between Interlinked Markets – Evidence from Spot, Futures and Host Markets of Indian Cross-Listed Firms, 55th Annual Conference of TIES, NISM-Mumbai (2019)
  • Market Segmentation Induced Inequalities in Price Discovery and Information Transmission Mechanism: An Empirical Investigation of ADRs from BRIC Countries, 52nd Annual Conference of TIES, IIM Kozhikode (2016)
  • Price Discovery and Information Transmission in Non-Synchronous Markets: An Empirical Analysis of Selected Cross-Listed Stocks of Indian Origin, 3rd India Finance Conference (IFC), IIM Ahmedabad (2013)

Conferences / MDPs Organised / FDPs Organised

  • Conference Convener for the 3rd Rajagiri Management Conference on the theme "Sustainable Development Goals in the post-pandemic world" (April 22-23, 2022)
  • Organised a Industry Panel Discussion for the 3rd Rajagiri Management Conference (April 22, 2022)
  • Organised a special track for industry experts in the 3rd Rajagiri Management Conference (April 23, 2022)
  • Organised a special track for research proposal in the 3rd Rajagiri Management Conference (April 22, 2022)

Workshops / Training Attended

  • FDP on “Technical Analysis using AI”, online (2025)
  • FDP on Case Writing, RBS & RCSS (2025)
  • FDP on "Innovative Pedagogies and AI Tools for Outcome-Based Education", Rajagiri College of Social Sciences and MMTTC Khalsa College, University of Delhi (2025)
  • FDP on "Teaching in the Age of AI: Strategies for Educators", Rajagiri Centre for Business Studies (2024)
  • FDP on "AI-enabled Simulations for Interactive Learning & Assessments", Rajagiri Centre for Business Studies (2024)
  • Research Workshop on “An overview of quasi-natural experiments: DID, PSM and Entropy balancing”, Rajagiri Centre for Business Studies (2024)
  • Webinar on 'Carbon accounting for banking and finance industry', NISM, 2024
  • Research Workshop on “Use of Panel Regression in Corporate Finance Research”, Rajagiri Centre for Business Studies (2024)
  • Curriculum Building for Data Science and Business Analytics with application of SAS, IBS Hyderabad by SAS corporate team (2019)
  • Commodity Derivatives and Risk Management, IIT Kharagpur (2015)
  • Commodity Markets and Futures Trading, Indian Institute of Plantation Management, Bangalore (2014)
  • 2nd Summer School on Essential Econometrics for Research in Finance, National Institute of Securities Markets (2011)

Workshops / Training Organised

  • Coordinator, Research workshop on “Developing a Research Proposal”, Rajagiri Centre for Business Studies (2024)
  • Coordinator, Research workshop on “An overview of quasi-natural experiments: DID, PSM and Entropy balancing”, Rajagiri Centre for Business Studies (2024)
  • Coordinator, Research workshop on “Dynamic Panel Data Regression”, Rajagiri Centre for Business Studies (2024)

Awards And Achievements

  • Received Rajagiri Research Award for the academic year 2021 and 2022
  • Third Prize for the Best Paper Award at Second SEBI-NISM Research Conference on “Behaviour of Securities Markets – Sighting of Black Swan"

International Exposure

  • Represented Rajagiri Business School at the Global Asian EFMD Conference 2023, Bangkok, Thailand

Administrative Roles

  • Head-Learning and Teaching Pillar, SPAC
  • Batch Coordinator -PGDM Batch B (2024)

Other Details

Session Chair

  • Session Chair, International Conference on Multidisciplinary Approaches to SDGs, Rajagiri Centre for Business Studies (2024)
  • Session Chair, 15th International Conference of Business and Finance, IBS Hyderabad (2022)
  • Session Chair, International Management Conference, IIM Bodh Gaya (2021)