CURRICULUM VITAE

Rajesh Pathak
Current Appointment:
Associate Professor (Since March, 2018)
Goa Institute of Management, Sanquelim, Goa
Emails: rajeshp@gim.ac.in, rajesh.pathak84@gmail.com
Tel: +91–9705263318, 0832-2366868

Education and Qualification

2009 to 2014 Ph. D (Grade-A) from IBS-Hyderabad, (IFHE)
Thesis Title: “Information Content in the Deviation of Observed Market Prices
from Theoretical Prices and in the Trading Activity of Equity Futures and Options
Contracts”
Visiting Research Scholar at Bangor Business School, North Wales, UK (Sept. 2011-
June 2012)
2006 to 2008 Masters of Business Administration (Finance: Grade-A)
ICFAI University, Dehradun
2004 to 2006 Master of Commerce (ABST)-First class
University of Kota, Kota
2001 to 2004 Bachelor of Commerce- First class
University of Kota, Kota
1999 to 2001 Higher Secondary (10+2)- First class with Distinction
The Board of Secondary Education, Ajmer, Rajasthan
1998 to 1999 Secondary (Matriculation)- First class
The Board of Secondary Education, Patna, Bihar

Prior Appointments
• IBS-Hyderabad
o Associate Professor (October, 2016-February, 2018), Assistant Professor (June, 2014-
September, 2016), Research Scholar (January, 2009-May, 2014)
• Reliance Communication- Sr. Sales Executive (July- December, 2008)

Research Interest and Select Publications:

➢ Research Interests:
Financial Derivatives and Price Discovery, Earnings management, Corporate finance decisions.
Select Research Papers Published/Accepted (in last three years):
• Pathak, R. (2019). Corporate cash holding during crisis and beyond: what matters the
most. International Journal of Managerial Finance (Forthcoming: ABDC-B)
• Pathak, R. (2019). Earnings quality and corporate payout policy linkages: An Indian
context. The North American Journal of Economics and Finance (Forthcoming: ABDC-B)
• Tiwari, A. K., Kumar, S., & Pathak, R. (2019). Modelling the dynamics of Bitcoin and Litecoin:
GARCH versus stochastic volatility models. Applied Economics, 1-10 (ABDC-A).
• Chauhan, Y., Pathak, R., & Kumar, S. (2018). Do bank-appointed directors affect corporate
cash holding? International Review of Economics & Finance, 53, 39-56 (ABDC-A)
• Ranajee, R., Pathak, R., & Saxena, A. (2018). To pay or not to pay: what matters the most for
dividend payments? International Journal of Managerial Finance., 14 (2); (ABDC-B)
 • Gupta, R. D., & Pathak, R. (2018). Firm’s Risk-Return Association Facets and Prospect Theory
Findings—An Emerging versus Developed Country Context. Risks, 6(4), 1-30 (ABDC-B)
• Pathak R., Verousis T., & Chauhan Y., (2017) Information Content of Implicit Spot Prices
Embedded in Single Stock Futures Prices: Evidence from Indian Market, Journal of Emerging
Market Finance, 16(2), 169-187 (ABDC-B)
• Pathak R., Kumar, S., & Ranajee R. (2017); Going European from American: Does Style
Matter? Managerial Finance, 43 (4) (ABDC-B)
• Kumar, S., Pathak, R., Tiwari, A. K., & Yoon, S. M. (2017). Are exchange rates interdependent?
Evidence using wavelet analysis. Applied Economics, 49(33), 3231-3245 (ABDC-A)
• Chauhan, Y., Kumar, S., & Pathak, R. (2017). Stock liquidity and stock prices crash-risk:
Evidence from India. The North American Journal of Economics and Finance, 41, 70-81
(ABDC-B)
• Pathak R. & Mitra A. (2017); "Predictability and Predictors of Volatility Smirk", Business:
Theory and Practice/Verslas: Teorija ir Praktika , 18(1), 64-70. (Scopus Indexed)

(The detailed list of research publications is attached herewith in the form of google scholar profile and
is also accessible at: https://scholar.google.co.in/citations?user=8VGvfUoAAAAJ&hl=en)

Other Academic Works

• Case titled “Asian Paints: Cash Flow Statement Preparation and Analysis”, published in book
titled "Emerging Markets: Case Studies Collections”, proceedings of International Case
Conference, Goa 2010.
• "Too Much Cash" article appeared on July 14, 2013; in business daily "Business Line".
• Case titled "Receivable Management at Infosys" part of curriculum in the course FM-II at IBS-
Hyderabad
Working/ Review Papers and Cases
• Earnings Transparency and Payout Policy: Evidence from India? (in review with IREF)
• The cross-country analysis of corporate cash holdings (submitted with IJMF)
• Earnings Quality and Value Relevance: Evidence from Business Group Firms and Crisis Period
(in review with RIBAF)
• Reporting Quality and Corporate Cash Holdings: Evidence from India (in review with AAJAF)
• Stability of Dividends and its Predictability: A cross-country analysis? (ongoing work)
• Information Content of Stock Options Ratios (Ongoing work)
• Are the Determinants of Capital Structure Consistent: A cross country perspective? (Ongoing
work)
• How Much Cash is Too Much: The Case of Cash Management at RIL? (Ongoing work)

Select Workshops and Conferences

• Presented paper titled “Earnings Quality and Value Relevance: Evidence from Business Group
Firms and Crisis Period” in ICFMCF-2018 at (IIT-Kanpur) and received one of the best paper
awards.
• Presented paper titled "Are the Predictors of Corporate Cash Holding Consistent?" in 2nd IFC-
2017 at CMS (Jamia Milia Islamia Central University-Delhi)
• Presented paper titled " Going European from American: Does Style Matter? " in ICFMCF-2016
at IIT-Madras, India.
• Presented paper titled " Information Content of Implicit Spot Prices Embedded in Single Stock
Future Prices: Evidence from India" in 12th AIMS international Conference, 2015 at IIM-
Kozhikode, India.
 • Attended "National Seminar on Panel Data" organized by Centre for Economic and Social Studies
(CESS), Hyderabad; during April 16-18, 2014.
• Presented paper titled "Informational Role of Equity Derivatives Market in Price Discovery: An
Empirical Investigation of Equity Linked Derivatives Traded on NSE, India" in 6th Doctoral
Colloquium, 2013 at IIM-Ahmedabad, India.
• Presented paper titled "Information Motivated Trading in Derivatives Market: Evidence from
India" at IMRA Emerging Market Conference 2012, London, UK
• Presented paper titled “Price Discovery under Different Market Conditions and Factors: A study
on Indian Market” presented in 3rd Conference on Excellence in Research and Education-2011 at
IIM, Indore, India.
• Presented Case titled " Asian Paints: Analysis of Cash Flow” at International Case Conference
Goa 2010, organized by IMT, Nagpur
• Attended "Case Writing Workshop-2010" at IBS-Hyderabad.
• Attended “Essential Econometrics for Research in Finance-2009”, A workshop organized by
NISM, Mumbai

Achievements
• Best Paper award at ICFMCF-2018 (IIT-Kanpur)
• Best SIP Award in year 2017 at IBS Hyderabad for guiding MBA intern.
• The Prime Minister Scholarship from 'Ministry of Defense', India during MBA.
• Scholarship from INC-Kota for Academic Excellence during MBA.
• 1st Runner-up in Idea Voice Inter-College Quiz and Vocal Music competition (IDEATION-2007)
• School Topper in Senior Secondary Examination, RBSE, Ajmer.

Miscellaneous
• Team lead “International Admissions and Exchange” at GIM, Goa.
• Course Coordinator for "Accounting for Managers (AFM)" at IBS-Hyderabad; Course Coordinator
of “Cost and Management Accounting” at GIM, Goa.
• Taught 'Financial Accounting Module' to entrepreneurs at The Entrepreneur Zone (TEZ: A
Program on Entrepreneurship Development, run jointly by University of Hyderabad and The
Entrepreneur Zone).
• Visiting Lectures on 'Financial and Commodity Derivatives' at MANAGE, Hyderabad (National
Institute of Agricultural Extension Management).
• Reviewer for journals such as International Journal of Emerging Markets, Journal of Asset
Management, Emerging Market Finance and Trade, Academy of Accounting and Financial Studies
Journal.
• IRDA Certified Financial Advisor, NET qualified, and recipient of NCC 'A' certificate

Courses Taught
• Accounting (graduates)
o Financial Accounting for Managers, Cost and Management Accounting, Financial
Statement Analysis
• Finance (graduates)
o Financial Management, Financial Derivatives and Risk Management
Other Particulars:
Nationality: Indian
Date of Birth: 05th July, 1984
Parents: Father- Mr. Lalit Kumar Pathak; Mother-Smt. Reeta Pathak
Category: General