FACULTY & RESEARCH

Dr. Asheesh Pandey

Educational Qualifications
PhD, (Department of Financial Studies)
M.B.A., Finance
Post Graduate Diploma in Management (Finance)
M.Com

Profile

Dr. Asheesh Pandey is currently working as Area Chair and Professor-Finance and at Fortune Institute of International Business. He has work experience of 19 years in the industry and in academics. His industry engagement includes working in domains like investment banking, equity research and operations. He has authored a book, edited 5 books and written over 50 refereed national and international papers, including 20 papers in ABDC (including A category) listed journals. He regularly contributes to various seminars and conferences both at the national and international level. He is on the review board of many reputed national and international journals. He has chaired technical sessions in conferences and organized national and International conferences in the capacity of Conference Chair and has played an active role in internationalization and accreditation process
Dr. Pandey has conducted various workshops and FDPs on Econometrics and Advance Research in Finance. Dr. Pandey has held academic administration positions of Area Chair Finance, Research Chairperson, Program Director and Editor of Peer Reviewed Journal in various institutes. He is on the board of City Innovates Pvt. Ltd. as Honorary Accreditation Mentor. Dr. Pandey has also travelled internationally, including U.S., Europe and Middle East for various corporate and academic assignments

Research Interests

Asset Pricing, Equity Valuation, Corporate Finance

Teaching Interests

Investment Analysis and Portfolio Management, Corporate Finance, Equity Valuation, Financial Derivatives and Risk Management

Research Publications

ABDC Listed Papers

Utkarsh, Pandey, A., Ashta, A., Eli, S., & Sutan,. “Catch Them Young: Impact of Financial socialization and literacy on Financial well-being of young adults,” accepted at International Journal of Consumer Studies (Wiley, ABDC: A, Web of Science, SCOPUS)
Utkarsh, Pandey, A., Ashta, A., Eli, S., & Sutan,. “Exploration of financial stress indicators in a developing economy,” accepted at Strategic Change: Briefing in Entrepreneurial Finance (ABDC C: Wiley, Web of Science, SCOPUS)
Pandey and Singh., “A Study on Determinants of Capital Structure for Indian SMEs Sector”, under review at Vision: The Journal of Business Perspective (ABDC C and SCOPUS)
Pandey A. and Sehgal, S.(2019). “Board Busyness and Firm Performance: Evidence from India”, Theoretical Economics Letters, (9),453-476 ( ABDC “B” and ABS1)
Pandey, A., Bhama,V. & Singh,M.(2019). “Recession Impact on Capital Structure Determinants: Evidence from India (2019)”, Journal of Management Research, 19(3), 206-220 (ABDC C)
Sehgal.S. and Pandey.A. (2018). “Predicting Financial Crisis by Examining Risk-Return Relationship”, Theoretical Economics Letters, 8(1), 48-71, (ABDC: B)
Pandey A. and Sehgal,S. (2017). “Volatility Effect and the Role of Firm Quality Factor in Returns: Evidence from Indian Stock Market” IIMB Management Review, 29(1), 18–28 (Elsevier Publication, ABDC B, Scopus)
Pandey A., Singh M. and Mohapatra, A. (2017). “Behaviour of Capital Structure: Evidence from Indian Listed Companies” Asian-African Journal of Economics and Econometrics, 17 (1), 155-173. (ABDC C)
Pandey A. and Mohapatra, A. (2017). “Validation of Fama French Model in Indian Capital Market” International Journal of Economic Research, 14(2), 255-272 (ABDC C, Scopus)
Pandey A. and Sehgal, S. (2016). “Explaining Size effect for Indian Stock Market” Asia-Pacific Financial Market. vol.23(1),45–68 ( Springer, ABDC C, Scopus)
Pandey. A. and Singh. M., “Capital Structure Determinants: A Literature Review”, at The African Journal of Accounting, Auditing and Finance”, 2015,4,(2), 163-176. (Inderscience Publication, ABDC C)
Sehgal.S. and Pandey.A., (2014) “Profitable Trading Strategies based on Price Multiple Information: Evidence from India”, Afro Asian Journal of Finance and Accounting an Inderscience Journal, 4(4), 408-425 (Inderscinece ABDC C, Scopus).
Pandey,A.(2013.) “Investments in Indian Sectors: Price Multiple Perspective”, Case Study: Vision, Vol.17, 169-173. (ABDC C, Scopus Indexed, Sage Publication)
Sehgal,S. and Pandey,A. (2013) “An Empirical Investigation between Net Stock Issues and Returns in India”, at Management & Labour Studies, Vol.38(4), 505-515 (Sage, ABDC C)
Sehgal,S. and Pandey,A. (2012). “Strategic Allocation, Asset pricing and Prior Return Patterns: Evidence from Indian Commodity Market”, at Vision, Vol.16 (4), 273-281. (ABDC C, Scopus Indexed, Sage Publication)
Pandey.A. (2012) “Relative Valuation: A sectoral view of Indian Capital Market” at Management & labour Studies, Vol.37.NO. (Sage, ABDC C)
Pandey,A. (2012). “Break Out Nations: In Pursuit of the Next Economic Miracles”, (Book Review) by Ruchir Sharma, Penguin, Allen Lane, ISBN:978-1-846-14556-8, 2012,Vision, 2013, 17 (1): 835-102. (ABDC C,Scopus Indexed, Sage Publication)
Sehgal.S. and Pandey.A. (2010).“Equity Valuation using Price Multiples: Evidence from India” (International Refereed Journal) Asian Academy of Management Journal of Accounting & Finance, 6(1), 89-108. (ABDC C, Scopus)
Sehgal.S. and Pandey.A. (2010).“Equity Valuation using Price Multiples: A Comparative study for BRICKS” in (refereed journal) Asian Journal of Finance and Accounts, 2 (1: E4), 68-91 (ABDC C)
Sehgal.S. and Pandey.A. (2009). “The behaviour of Price Multiples in India: 1990-2007”, (International Refereed Journal) ‘Asian Academy of Management Journal of Accounting & Finance’. 5 (1, 31)–65. (ABDC C, Scopus)

Case Published

Pandey,A., “Amtek Auto Debacle: Financial Statement Analysis, Case, accepted at Emerald Emerging Market Case Centre, (Emerlad, SCOPOUS)
Pandey, A. & Roy. A (2016). Effects of Exchange Rates on Exports: A case study for India. Case Center. Reference no. 116-0086-1.

Books

Pandey, A. (2019).Guest Editor, Special Issue, Journal of Management and Public Policy, Vol.11(1)
Pandey, A. (2019).Management Practices in the New Millennium, Edited Book
Sinha, A.K., Pandey, A., Mohapatra, A.K., & Utkarsh (Eds) (2016). Contemporary Issues in Business and Economy. New Delhi: Regal Publications. ISBN: 978-81-8484-595-2.
Pandey, A. (2014). Capital Market and Financial System in India. New Delhi: New Century Publications. ISBN: 978-81-7708-365-1.
Advances in Management, Edited Book, Bloomsbury Publication,2016
Innovation and Sustainable Development, Edited Book, Bloomsbury Publication,2016
Emerging Trends in Management and Public Policy, Edited Book, Regal Publication, 2016

Chapters Published in Books

Singh,M. and Pandey,A., “Microfinance Institutions in Delhi: Challenges and Road Ahead” published in the edited volume book Contemporary Issues in Business and Economy, 2016
Singh,M. and Pandey,A., “Goods and Service Tax: A Panacia for India” published in the edited volume book Advances in Management, 2016
Singh,M. and Pandey,A., “Sustainable Development Prospects in Uttarakhand” published in the edited volume book Innovation and Sustainable Development, 2016

Papers presented in Conferences

Pandey,A. Profitable Strategies based on “Equity Market Anomalies: Evidence from Europe”, at Conference on Changing Landscape for Securities Market on 22-24 January,2020 organized by NISM and SEBI
Pandey,A. “Amtek Auto Debacle: Financial Statement Analysis” at 7th PAN IIM World Management Conference by IIM Rohtak at 12-14th December, 2019
Pandey,A. “Five Trillion Dollar Economy: Challenges and Road Ahead for India”, presented at 5th International Management Conference “AMRIT” on 17th-18th December,2019, held at Fortune Institute of International Business”
Pandey,A. & Joshi,R.“Risk Characteristics and Capital Structure Adjustment”, at International Conference on Happiness, Performance Management in Modern Globalised Business Scenario, on 21-22 December, 2019 organized by RDIAS, New Delhi
Pandey,A.Social Equity and Inclusion in Education: Issues and Challenges, presented at National Conference on Internal Quality Assurance Cell by SHDCHE on 8th November,2019
Mohapatra, A.K. & Pandey, A. (2019, March 13-14). A Study on the Impact of Capital Structure on Firms Performance in India. presented at Sixth Uniglobe International Management Conference on Recent Innovation in Economics, Finance, Human Resource, Marketing and Copoate Governance (UIMC - RIEFHMCG - 2019) , Uniglobe College, Kathmandu, Nepal
Bhaman, V., Pandey, A., & Singh, M. (2018, December 19-20). Impact of Recession on Capital Structure Determinants of Indian Firms. Paper presented at 4th International Management Conference on Advances in Management through Research, Innovation & Technology (AMRIT), FIIB, New Delhi
Pandey, A. & Singh, M. (2018, August 4). Bhushan Steel Limited: Leverage a Double Edge Sword. Paper presented at International Symposium on Economic Development - Impact of Globalization & Policy Decisions, FIIB, New Delhi.
Pandey, A. (2017, September, 24). Capital Structure Theories: A Review. Paper presented at 3rd International Conference on Recent Advances in Engineering Science and Management, Institution of Electronics and Telecommunication Engineers, Chandigarh.
Pandey, A. (2017, March 6-7). Fiscal Policy in India: Assessing Fiscal Prudence & Fiscal Sustanbility. Paper presented at International Conference IV on "Emerging Issues and Challenges in Management: Developing Talent, Building Organization and Creating a Future", Uniglobe College, Kathmandu.
Pandey, A. (2017, January 13-14). Multiple Directership and Firm Performance in Indian Listed Companies. Paper presented at SIMSR International Finance Conference (SIFICO 2017), K.J. Somiya Institute of Management Studies & Research, Mumbai.
Pandey, A. & Singh, M. (2016, December 20-21). Sustainable Development Prospects in Uttarakhand. Paper presented at 2nd International Management Conference, FIIB, New Delhi
Pandey, A. & Singh, M. (2016, December 20-21). Goods and Service Tax: A Panacea for India. Paper presented at 2nd International Management Conference, FIIB, New Delhi
Pandey, A., Mohapatra, A.K., & Utkarsh (2016, July 16). Composition of Board of Directors in Microfinance Institutions in India: A Corporate Governance Perspective. Paper presented at Perspective, 1st Annual International Microfinance Research Workshop, FIIB, New Delhi.
Pandey, A. (2016, March 5). Testing FAMA Fernch Model For Indian Capital Market. Paper presented at International Management Conference on Business and Economy: Growth, Governance and Globalisation, FIIB, New Delhi.
Pandey, A. (2016, March 5). Micro Finance Institutions in Delhi: Challanges and Road Ahead. Paper presented at International Management Conference on Business and Economy: Growth, Governance and Globalisation, FIIB, New Delhi.
Pandey, A. (2016, February 12-13). Sources of size effect: evidence from Indian Capital Market. Paper presented at International Conference on the Role of Social Media for Organizational Sustainability (ICROSMOS), Jaipuria Institute of Management, Noida.
Pandey, A. (2015, August 30). Theoretical review of determinants of capital structure. Pape presented at International Conference on Recent Advances in Engineering Science and Management, PHD Chambers, New Delhi.
Pandey, A. (2014, December 28-30). Volatility Effect and the Role of Firm Quality Factor in Returns: Evidence from Indian Stock Market. Paper presented at Fore International Finance Conference, Fore School of Management, Delhi
Pandey, A. (2013, December 28-30). Profitable Trading Strategies based on Price Multiple Information: Evidence from India. Paper presented at 7th ISDSI and 5th OSCM International Conference, IMI, Delhi.

Other Refereed Publications

Pandey and Singh, “Capital Structure Theories: A Review”, AGU International Journal of Management Studies and Research, 5, 2017
Pandey and Singh, “Mutual Fund Industry in India: An Overview”, Accepted at International Journal of Academic Research in Social Sciences and Humanities
Pandey and Roy, “Effect of Exchange Rates on Exports: A Case Study for India”, Case Centre, 116-0086-1.
Published an article,” Stock Selection: A Price Multiple Perspective” at Dalal Street Investment journal Magazine, Mar23-Apr5, 2015 Issue
Pandey, A., “Earnings Per share or Book Value: Superior Value Driver in Equity Valuations” at IIMS Journal of Management Science (IIM Shillong), Vol. 6, No. 1, January-April, 2015, pp- 1-8
Pandey, A., “SME Exchange: Panacea for SME Sector?”, Review of Professional Management, Vol 2 (2), 2014
Pandey,A., “Cashflow is King: A Myth or Reality”, Asia Pacific Journal of Management Research and Innovation (APJMRI), 2012, Vol.8(4), 441-449. (Sage Publication)
Pandey. A., “Price to Earnings versus Price to Sales: A comparative Study for Indian Capital Market” at Abhigyan, Vol. 1, 2012, 44-52.
“The Global Economic Crisis through an Indian Looking Glass”, (Book Review) by Adarsh Kishore,Maichael Debabrata Patra and Partha Ray, ISBN: 978-81-321-0651-7,2011, Paradigm, 2012.(Sage Publication)
Pandey.A. a research paper,” Indian Mutual Fund Industry: Challenges and Road Ahead”, in Review of Professional Management, Vol.9, December 2011, 19-26.
“Handbook of Equity Market Anomalies”, (Book Review) by Leonard Zacks, CEO Zacks Investment Research, 2011, at Asia Pacific Journal of Management Research and Innovation (APJMRI), Vol8 (4), 2012: 535-538. (Sage Publication)

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