Faculty & Research

Joshy Jacob

Area

Primary Area : Finance and Accounting

Contact

Email : chr-onlinemba@iima.ac.in

Phone : +91-79-7152 4878

Website : Personal Website

Education

FPM, Indian Institute of Management, Lucknow

Teaching

Ph.D:

  • Empirical Asset Pricing
  • Seminar course on Behavioral Finance (Elective)

MBA / PGP-X

  • Corporate Finance
  • Valuation of Firms (Elective)
  • Behavioral Finance (Elective)
  • Unlisted Equities and Patient Capital (Elective)
  • New Venture Financing (Elective)

ePGD in Advanced Business Analytics

  • Business Acumen
  • Factor Pricing and Smart Beta Investing (Elective)

e-Mode Post Graduate Programme

  • Valuation: Numbers and Narratives (Elective)
  • New Venture Financing (Elective)

Research Area

Pricing of financial assets

Influence of behavioral issues in asset returns and corporate finance

Corporate finance issues in emerging markets

Volatility and market microstructure (with Vipul)

Behaviour and Pricing Idiosyncratic Volatility

Systematic Risk Factors in the Indian Financial Markets (with Sobhesh K. Aggarwalla & Jayanth R. Varma)

IPO Underpricing in India (Sobhesh K. Aggarwala)

Academic Experience

Ad-hoc referee for several finance and accounting journals.

Core Committee Member, JAAF India Symposium, June 2021 - Present

Editorial Board, Indian Journal of Accounting Research, January 2022 - Present

Professional Experience

Member, Financial Management Association

Consulting

Chairperson, Evaluation Committee (EC), IFSCA FinTech Incentive Scheme, International Financial Services Centres Authority, 2022

Member, Expert Committee on Financial Schemes for MSMEs, Commissioner of Industries and Commerce, Tamil Nadu Government, 2022

Independent Member on the Board of Directors, Paschim Gujarat Vij Company Limited, 2018

Member, Seed Investment Committee, CIIE.CO, 2018

Member, Working Group for setting up the International Bullion Exchange, under the aegis of International Financial Services Centres Authority, 2020-2021

Member, Expert Sub-Committee on Investments, Employee Provident Fund Organisation (EPFO), Ministry of Labour, Government of India. The Sub-Committee drafted the investment policies and asset allocation framework for the fund.

Member, FICCI Committee on Commodity Markets FY 2018-19: The Committee interfaces with the Central Government on key policy matters which affect the commodities markets in India., 2018-2019

Sub-Committee Member, Committee to transform India's Gold market, The Committee has been constituted by the NITI Aayog, India's apex central planning institution., 2017

Developing a framework to assess investment potential in private and public markets, Fidelity Business Services India Pvt. Ltd., Bangalore, 2020-2021

Asset allocation and behavioural finance, Fidelity Business Services India Pvt. Ltd., Bangalore, 2019-2020

Evolving a Quantitative Asset Allocation Framework, NJ Asset Management, Mumbai,, 2021-2022

Developing a framework for capital adequacy requirements of market intermediaries, National Stock Exchange (NSE) , 2020-2021

Study on developing domestic price benchmarks for base metals, Lessons from Global Markets, Multi Commodity Exchange of India Ltd, 2020-2021

Research on comparative assessment of the commodity markets of China and India, MultiCommodity Exchange of India Ltd., 2019-2020

Estimation of cost of capital, Mumbai International Airport Ltd, 2019-2020

Research on the Impact of Base Metals Futures on User Industries, Multi Commodity Exchange of India Ltd, 2017-2018

Awards & Honors

2021 - Second Best Paper Award, Annual Capital Markets Conference 2021, NISM, (with Pranjal Srivastava and Ajay Pandey for paper titled “A Minimum Buyback Requirement in Open Market Repurchases: Impact on the Signalling Role”)

2018 - CFA Best Paper Award, India Finance Association Conference, December, 2018 (jointly with Balagopal Gopalakrishnanan and Ajay Pandey for paper titled “Lender moral hazard in state-owned banks: Evidence from an emerging economy”)

2018 - Best paper award at the Asia-pacific Applied Economics Association Doctoral Conference in Changsha, China, January 2018, (jointly with Balagopal Gopalakrishnanan and Ajay Pandey for paper titled “Lender moral hazard in state-owned banks

2017 - `Philip Thomas Memorial Case Award for the year 2017' (jointly with Jayanth R.Varma), for the best case at Indian Institute of Management, Ahmedabad (for case titled Angels and Crowds)

`IIML-Bharti Foundation Fellowship' awarded to the outstanding Ph.D student at Indian Institute of Management, Lucknow

In the Media

Account aggregators: a game-changer for financial inclusion in India?(with Balagopal Gopalakrishnan)

The Banker, March 2021

Why a comfortable retirement requires many layers of planning, Money Control, (with Rajesh Krishnamoorthy)

Money Control, November, 2021

What would it take to increase liquidity in base metals futures

The Economic Times, September 2021

To Maximise Value of Troubled Firms, the Insolvency and Bankruptcy Code Needs More Reforms

The Wire, October 2021

Lessons from Chinese commodities market

BusinessLine, March 2021

How to resolve Indian corporate vulnerability to COVID-19 through policy options (with Balagopal Gopalakrishnan and Sanket Mohapatra)

BusinessLine, March 26, 2020

It's time to flatten the pandemic stereotyping (with George Kandathil and Rama Mohana R. Turaga)

The Hindu, July 16, 2020

What can help producers and users of base metals in India

Financial Express, December 31, 2019

Classification shifting and the Big Four auditors (with Naman Desai, Neerav Nagar)

Live Mint, December 27, 2016

Why do Indian firms pay higher fees to Big Four auditors?(with Naman Desai, Sobhesh Kumar Agarwalla)

Live Mint, October, 12, 2015

Pros of a spot gold exchange in India (with Jayanth R. Varma)

Live Mint, February 22, 2016

Hard to benchmark (with Sobhesh K. Agarwalla)

Indian Express, June 4, 2013

Academic Experience

Ad-hoc referee for several finance and accounting journals.

Core Committee Member, JAAF India Symposium, June 2021 - Present

Editorial Board, Indian Journal of Accounting Research, January 2022 - Present

IIMA