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Faculty Profile

DIVYA AGGARWAL

ASSISTANT PROFESSOR

Area:

Finance

Edu:

FPM (XLRI – Jamshedpur), Company Secretary (ICSI), bachelor’s in finance and Investment Analysis (Delhi University – Shaheed Sukhdev College).

Biography

    Divya was working as an AVP in the Planning & Steering team at SwissRe (Global Reinsurance firm), before joining TAPMI. She has a rich work experience in corporate finance and investment banking profiles during her work stints with Mckinsey Knowledge Centre, KPMG and Avendus Capital.

    She has done her doctoral studies in Finance from XLRI, Jamshedpur. She holds ICSI all India rank 17 and 18 at Foundation and Intermediate levels. She secured second position in Delhi University, during her graduation.

    As a doctoral student, she has published research articles and case studies in international and national peer reviewed journals. She is a recipient of Case Centre Scholarship and has won best paper awards at national conferences. In 2014, she had also won the Global Peter Drucker Student Essay award and was invited to Vienna, Austria.

    She enjoys painting, music, movies and travelling. Divya has also exhibited her art work collection at various locations.

Teaching

  • Behavioural Finance.
  • Corporate Finance
  • Financial Econometrics
  • Financial Management

Publications

    Publications in Peer Reviewed Journals

  • Aggarwal, D. (2019). “Do bitcoins follow a random walk model?” Research in Economics73(1), 15-22.(ABDC – B).
  • Aggarwal, D & PC Padhan (2018). “Measuring the Performance of the Bombay Stock Exchange: The Impact of Demutualisation,” World Economics, 19(3), 133-150. (ABDC – B).
  • Aggarwal, D. (2019). “Defining and measuring market sentiments: a review of the literature.” Qualitative Research in Financial Markets, https://doi.org/10.1108/QRFM-03-2018-0033(ABDC – C).
  • Aggarwal, D. (2018). Random walk model and asymmetric effect in Korean composite stock price index. Afro-Asian Journal of Finance and Accounting8(1), 85-104 (ABDC – C).
  • Aggarwal, D., & Mohanty, P. (2018). “Do Indian stock market sentiments impact contemporaneous returns?” South Asian Journal of Business Studies7(3), 332-346.(ABDC – C)
  • Aggarwal, D. (2018). Understanding Ambiguity Attitudes-Ellsberg Choices Among Indian Students. Prabandhan: Indian Journal of Management11(6), 26-39. (Scopus-Q3)
  • Competitive Research Awards Received

  • Elembilassery, V., Aggarwal, D. (2018). “Mexican Rodeo on Indian Streets,” The Case Centre, UK (accepted by The Case Centre, UK, for Case Writing Scholarship).   [Grant USD 1,200]
  • Cases

  • Aggarwal, D., & Elembilassery, V. (2018). “Sustainable finance in emerging markets: A venture capital investment decision dilemma,” South Asian Journal of Business and Management Cases7(2), 131-143.
  • Elembilassery, V., Aggarwal, D. (2018). “Mexican Rodeo on Indian Streets,” The Case Centre, UK (accepted byThe Case Centre, UK, for Case Writing Scholarship).
  • Book Chapter:

  • Aggarwal, D., & Elembilassery, V. (2018).,”Redefining Circular Economy: A New Typology of Reuse and Implications on E-waste Management,” In Xavier School of Sustainability,  Energy, Peace & Global Governance (pp.78-83). Bhubaneshwar: Xavier University Press. (ISBN – 987-81-932256-5-3)
  • Aggarwal, D., & Elembilassery, V. (2018), “The Story of Missing Middle: SAIF Partners and Aye Finance,”. In A. K. Dey, & T. Thatchenkery, Advances in Social Change, Leadership & Organisational Decision Making (pp. 167-187). New Delhi: Bloomsbury (ISBN – 9789387471344).
  • Book Review.

  • Aggarwal, D. (2016). Book Review: Dan Ariely, The Irrational Bundle: Predictably Irrational, The Upside of Irrationality, and The Honest Truth about Dishonesty, Kindle edition, In Management and Labour Studies, 41(4), 405-408

Research

    Divya has a research interest in the following areas

  • Behavioral Finance
  • Financial Econometrics
  • Judgment & decision making

Conferences and Workshops

    Academic/Professional Conference Presentation

  • Divya Aggarwal; “Investigating choices under outcome Vs probability ambiguity, “at 6th Pan-IIM Conference organized by IIM Bangalore, held from 13th to 15th, Dec 2018 (Presented Pilot data of thesis work)
  • Divya Aggarwal; “Are risk and Ambiguity Related-Experimental Approach”, presented at 9th CERE (Conference on Excellence in Research and Education), organized by IIM Indore on 3rd to 6th, May 2018 (Published in Scopus – Q3)
  • Divya Aggarwal; “Attitudes to Risk and Ambiguity: Experimental Evidence in a developing market using carnival games”, presented at 11th ISDSI International Conference organized by Indian subcontinent decision sciences institute held at IIM Tiruchirappalli on 27th – 30th Dec 2017 (Won best paper award).
  • Divya Aggarwal; “Attitudes to Risk and Ambiguity: Experimental Evidence in a developing market using carnival games”, presented at 26th Biennial SPUDM (Subjective Probability, utility and decision making) International Conference organized by European Association for Decision Making held at Technion University, Haifa, Israel on 20th – 24th August 2017.
  • Divya Aggarwal & Varun Elembilassery; “The story of the missing middle: SAIF Partners and Aye Finance,” at 13th ICMC (International Conference on Management Cases), organised by George Mason University, Virginia, USA in association with BIMTECH, India on 30th November – 1st December 2017 (Won best paper award).
  • Divya Aggarwal & Varun Elembilassery, “Redefining Circular Economy: A New Typology of Reuse and Implications on E-waste Management, “presented at WIPRO XUB Sustainability Summit, organized by Xavier School of Sustainability, XUB Bhubaneshwar, India on 11-13 August 2016. (Won best paper award).
  • Faculty Development Program (FDP):

  • Experiment Design Workshop, BML Munjal University, Gurgaon, January 10-11th, 2019 (2-day workshop on experimental design methodology)
  • PROFESSIONAL DEVELOPMENT ACTIVITIES (Recent first)

  • Summer School on Decisions, Law and the Big Data Revolution, co-organized by Technion and Israeli Centres of Research Excellence at Technion, Haifa, Israel, August 2017
  • Winter School on Bounded Rationality, co-organized by Max Planck (Germany) and Tapmi at Tapmi, Manipal, January 2017.

Awards

  • Peter Drucker Global Student Essay Award 2014, Vienna, Austria. 
  • Indo-American ISDSI Award for Best paper at 11th ISDSI International conference 2017, held at IIM-Trichy. 
  • Sage Best Case Award at International Conference on Management Cases 2017, held on Nov 30th & Dec 1st, 2017, organised by George Mason University, Virginia, USA in association with BIMTECH, India. 
  • Best Paper Award (Student Category) at WIPRO XUB Sustainability Summit, held on 11-13 August 2016, organized by Xavier University, Bhubaneswar. 
  • 2nd runner up in XLRI-Citi Financial Inclusion Challenge 2014 on “Innovations in Financial literacy and Consumer Protection” at 3rd International workshop on Inclusive Finance. 
  • First prize in article writing competition (2014, 2015) organized by FINAX (Finance Association at XLRI) for campus journal “THE FINANCE MANAGER” XLRI, (2014, 2015) 
  • All India rank 18 and 17 in Intermediation and Foundation Level Company Secretary Ship Course 
  • 2nd Rank in Delhi University at graduate level (Batch 2006-09) 

Media Coverage