PhD (Finance),IIT Delhi; MBA (Finance), B.Com (Hons)
Email: vandana.bhama@fsm.ac.in
Contact: 011 – 46485507
Total Years of Experience
10 Years
Brief description of Experience
Prof. Vandana Bhama is working as an Associate Professor in the area of Finance & Accounting at FORE School of Management. She has more than 10 years of experience in academics. She is an alumnus of IIT Delhi and NET-UGC qualified. She was awarded research fellowship during her PhD at IIT Delhi. She has also served at Fortune Institute of international Business, Delhi as an Assistant Professor. Her teaching interests include - Financial Accounting, Corporate Finance, Financial Derivatives and Risk Management. She has published her research work in reputed international and national journals such as International Journal of Managerial Finance, Journal of Emerging Market Finance, IIMB Management Review etc. She also presented her research work in international and national conferences. She has taken sessions in MDPs on Finance for Non-Finance executives for Certatizit India Pvt. Ltd, SOS Childern’s Village, and successfully conducted FDP on Derivatives and Risk Management. She serves as Reviewer in Managerial and Decision Economics Journal (Elsevier) and Asian Journal of Economics and Banking (Emerald).
Research Interest Areas
Risk Management, Portfolio returns, Equity markets
Consulting Interest Areas
Corporate Finance, Financial Markets
Selected Publications
1) Bhama V. (2024). Does an increase in portfolio volatility create returns? Evidence from India. Investment Management and Financial Innovations, 21(2), 345-354.
2) Bhama V. (2024). Free Cash flows and corporate buybacks: A study of Indian firms, International Journal of Economics and Management, 18(2), 261-271.
3) Bhama V. (2024). Do permanent and temporary cash flows affect corporate buybacks? Finance: Theory and Practice, 28(5), 200-211.
4) Yadav, N & Bhama, V. (2023). Sustainability and resilience during COVID-19: Empirical evidences from US and India. Journal of Emerging Market Finance, 22 (2).
5) Bhama V. (2022). Macroeconomic variables, COVID-19 and the Indian stock market performance. Investment Management and Financial Innovations, 19 (3), 28-37.
6) Bhama V. (2021). Understanding equity repurchase motives for different firm set-up: Indian evidence. Investment Management and Financial Innovations, 18 (1), 90-100.
7) Pandey, A., Bhama, V. and Mohapatra, A. (2020). Trading strategy using share buybacks: Evidence from India”, Investment Management and Financial Innovations, 17 (2), 169-182.
8) Bhama, V., Jain P.K. and Yadav, S.S. (2019). Test of pecking order theory at varying debt levels: A comparison of Indian and Chinese firms. Journal of Emerging Market Finance, Vol. 18(2), pp. 237-261.
9) Pandey A., Bhama V. and Singh, M. (2019). Recession impact on capital structure determinants: Evidences from India. Journal of Management Research, Vol. 19(3), 205-218.
10) Bhama, V., Jain P.K. and Yadav, S.S. (2018). Relationship between the pecking order theory and firm’s age: empirical evidences from India. IIMB Management Review, Vol. 30, pp. 104-114.
11) Bhama, V., Jain P.K. and Yadav, S.S. (2018). Firms’ adherence to the pecking order in deficit and surplus conditions: a comparative study of India and China. Asian Journal of Business and Accounting Vol. 11(2), pp.55 – 84.
12) Bhama, V., Jain P.K. and Yadav, S.S. (2018). Firms’ financing decisions in deficit and surplus situations- a survey-based evidence from India. The IUP Journal of Applied Finance, 23(2), 27-45.
13) Bhama, V., Jain P.K. and Yadav, S.S. (2017). Pecking order among select industries from India and China. Vision – The Journal of Business Perspective, Vol. 21 (1), pp. 1-13.
14) Bhama.V., Jain P.K. and Yadav, S.S. (2016). Testing the pecking order theory of deficit and surplus firms: Indian evidence. International Journal of Managerial Finance, Vol. 12 (3), pp. 335-350.
