Faculty & Research

Finance and Accounting

About Finance & Accounting Area

The Finance & Accounting area has a multi-disciplinary orientation. Faculty in the area have served on government committees and contributed significantly to several policy-making issues. They have also been involved in providing consultancy services to corporate and governmental organizations. The courses and research interests of the area focus on financial management, management accounting and control, the Indian capital and money market, banking, earnings management, corporate governance, privatization and international finance.

Some of the recent research projects by the faculty are:

Earnings management in India: Managers' fixation on operating profits
How does regulation affect the relation between family control and reported cash flows? Comparative evidence from India and the United States
Strategic and Financial Attributes of E-Commerce Firms: An Empirical Study
Pension Reforms in India: Myth, Reality and Policy Choices
Is There Seasonality in the Sensex Monthly Returns?
Member-Funds and Cooperative Performance
Capital Structure and Market Power
Regulatory Implications of Monopolies in the Securities Industry
Disinvestments and performance of public sector firms

Message from the Area Chairperson

No other business school's finance department in the country has had the kind of impact on India’s financial sector reforms than the Finance & Accounting (F&A) area at IIMA. From making sense of the Harshad Mehta scam to designing regulations for India's equity and derivatives markets to working on India's financial sector legislative reforms, there has been an imprint of IIMA's F&A area faculty on virtually all aspects of India's financial system. Ever since the institute's inception, and particularly after India's financial market liberalization, IIMA's F&A area faculty have served on important government committees and corporate boards, trained top management and Chief Financial Officers at some of India's largest corporations, and continue to engage in highly relevant and influential research.

Vineet Virmani
Associate Professor

Doctoral Students

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Ph.D. at IIMA

The Ph.D. Programme in Management seeks candidates with outstanding academic credentials, intellectual curiosity and discipline needed to make scholarly contribution to society. It provides a diverse set of opportunities for interdisciplinary learning and research The student becomes part of one of the eleven functional/sectoral areas and acquires the super specialized theoretical knowledge and practical aspects of the area.

List of Courses

  • Understanding Bhagavad Gita: Manager’s Dilemmas
  • Making of a CEO
  • International Corporate Finance
  • Agricultural Finance
  • Valuation of Firms
  • Trading Strategies
  • Structured Products
  • Stochastic Calculus in Finance
  • Securities Regulation
  • Quantitative & Algorithmic Trading
  • Principles of Transfer Pricing
  • Optimization Methods in Finance
  • Modern Investment and Portfolio Management
  • Microfinance Management
  • Mergers, Acquisitions and Corporate Restructuring
  • Issues in International Finance
  • Alternative Investments and Hedge Funds
  • Futures, Options, and Risk Management
  • Fraud Risk Assessment and Governance Mechanisms
  • Fixed Income Securities
  • Financing of Firms
  • Financial Risk Management
  • Financial Statement Analysis
  • Corporate Governance
  • Bitcoin and the Blockchain
  • Behavioural Finance
  • Asset Backed Securitization
  • Applied Value Investing
  • Corporate Finance
  • Financial Markets
  • Costing and Control Systems
  • Financial Reporting and Analysis
  • Finance and Accounting
  • Finance and Accounting
  • Corporate Finance
  • Corporate Governance
  • Financial Statement Analysis
  • Business Valuation
  • Financial Markets
  • Financial Reporting and Analysis
  • Costing and Control Systems

Recent Research Projects

  • Earnings management in India: Managers' fixation on operating profits
  • How does regulation affect the relation between family control and reported cash flows? Comparative evidence from India and the United States
  • Strategic and Financial Attributes of E-Commerce Firms: An Empirical Study
  • Pension Reforms in India: Myth, Reality and Policy Choices
  • Is There Seasonality in the Sensex Monthly Returns?
  • Member-Funds and Cooperative Performance
  • Capital Structure and Market Power
  • Regulatory Implications of Monopolies in the Securities Industry
  • Disinvestments and performance of public sector firms

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