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Imlak Shaikh

Assistant Professor, Finance

Email : imlak.shaikh@mdi.ac.in
Phone : +91-124-4560297

Imlak Shaikh is an assistant professor of accounting and finance at MDI Gurgaon. Previously, he served as an assistant professor at the Birla Institute of Technology & Science, BITS Pilani. Shaikh has also taught at IIM Rohtak as an adjunct faculty in FPM program. 

Shaikh received his post graduation degree in commerce from the Veer Narmad South Gujarat University Surat; his Ph.D from Indian Institute of Technology Bombay (IIT-Bombay). Shaikh has been awarded with ‘Ph.D Theses Excellence Award’ from IIT-Bombay.

He has published several papers in national and international journals of repute. His area of teaching and research: Teaching Interest: Financial Management; Financial and Management Accounting; Risk Management and Insurance; Research Interest: Banking and Finance; Financial markets; Accounting and Control; Management Accounting.

Academic Achievement/Awards

Gold Medal, M.Com (Statistics) in April 2003 from South Gujarat University, Surat, Gujarat, India. University has awarded a “Gold Medal” for securing highest mark at university level.

UGC-NET-JRF (Commerce), Qualified National Education Testing and Junior
Research Fellowship exam conducted by University Grant Commission New Delhi, India, 2006 (NET) and 2008(JRF). The JRF&SRF was awarded for doing Ph.D at IIT-Bombay.

UGC-NET (Management), Qualified National Education Testing and Junior Research
Fellowship exam conducted by University Grant Commission New Delhi, India,26th June 2011 (NET).

Award for “Outstanding Research Paper” for the paper entitled “Information
Content of Implied Volatility: A Sub-Period Analysis” at the International Research Conference on Management, Banking and Finance March 5th - 6th, 2012, organized by Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai. http://conf12.jbims.edu/results

Journal Publication

2016

Shaikh, I. and Padhi, P. (2016), “On the relationship between implied volatility index and equity index returns”, Journal of Economic Studies, Vol. 43 No. 1   pp.27- 47. [ABDC Journal Quality List 2013 “B” ; Indexed in SCOPUS; Emerald publications].
2015

Shaikh, I. and Padhi, P. (2015), “The implied volatility index: Is ‘investor fear gauge’ or ‘forward-looking’?”, Borsa Istanbul Review, Elsevier Ltd, Vol. 15 No. 1, pp. 44–52.

Shaikh, I. and Padhi, P. (2015), “On the relationship of ex-ante and ex-post volatility : A sub-period analysis of S&P CNX Nifty Index Options”, Journal of Emerging Market Finance, Vol. 15 No. 2, pp.140-175. [ABDC Journal Quality List 2013 “B” ; Indexed in SCOPUS; Sage Publications].

Shaikh, I. and Padhi, P. (2015), “The behavior of option ’ s implied volatility index : A case of India VIX”, Business: Theory and Practice / Verslas: Teorija ir Praktika, Vol. 16 No. 2 pp. 149–158.. [Index in SCOPUS, EBSCOhost.]

Shaikh, I. and Padhi, P. (2015), “A Study of Market Efficiency from Option prices : Evidence from the National Stock Exchange of India”, Journal Transition Studies Review, Vol. 21 No. 2, (Forthcoming). [ABDC Journal Quality List 2013 “C” ; Indexed in SCOPUS; IDEAS/RePEc IF 0.41 ].

Shaikh, I. (2015), “On the relationship between implied volatility index and realized return volatility”, Research Bulletin-ICAI (ISSN 2230 9241), Vol. 41 No. 3, pp.50-58.

2014

Padhi, P. and Shaikh, I. (2014), “On the relationship of implied, realized and historical volatility: evidence from NSE equity index options”, Journal of Business Economics and Management, Vol. 15 No. 5, pp. 915–934. [ABDC Journal Quality List 2013 “B”;Indexed in SCOPUS ; Thomson SSCI impact factor 2012: 1.88 ; Taylor and Francis Publications].

Shaikh, I. and Jakhar, S.K. (2014), “The Behavior of Investor’s-fear-gauge-index on Scheduled Macroeconomic Communications”, Procedia - Social and Behavioral Sciences, Elsevier B.V., Vol. 133, pp. 151–159.

Shaikh, I. and Padhi, P. (2014), “The forecasting performance of implied volatility index: evidence from India VIX”, Economic Change and Restructuring, Vol. 47 No. 4, pp. 251–274. [Indexed in SCOPUS ; IDEAS/RePEc IF 1.60 ;Springer Publications ].

Shaikh, I. and Padhi, P. (2014), “Investors’ ‘Fear’ and ‘Greed’ Index: A Case India Volatility Index (IVIX)”, Research Bulletin (ISSN 2230 9241), The Institute of Cost Accountants of India, Kolkata, Vol. XXXIX No. 2, pp. 216–228.

Shaikh, I. and Padhi, P. (2014), “Stylized patterns of implied volatility in India: a case study of NSE Nifty options”, Journal of Indian Business Research, Vol. 6 No. 3, pp. 231–254. [ABDC Journal Quality List 2013 “C” ; Indexed in SCOPUS ; Emerald Publications].

Shaikh, I. and Padhi, P. (2014), “Inter-temporal relationship between India VIX and Nifty equity index”, Decision, Vol. 41 No. 4, pp. 439–448. [Index in EBSCOhost.]

Shaikh, I. and Padhi, P. (2014), “India VIX is ‘ Investor fear gauge ’ or ‘ forward-looking ’?”, in Smita Sukla (Ed.),Management Innovation and Intervention for Sustainable Development, Excel Publication,  ISBN No 9789383842728.
2013

Shaikh, I. and Padhi, P. (2013), “On the Linkages among Ex-ante and Ex-post Volatility: Evidence from NSE Options Market (India)”, Global Business Review, Vol. 14 No. 3, pp. 487–505. [Indexed in SCOPUS ; Sage Publications].

Shaikh, I. and Padhi, P. (2013), “Macroeconomic Announcements and the Implied Volatility Index: Evidence from India VIX”,Margin: The Journal of Applied Economic Research, Vol. 7 No. 4, pp. 417–442. [ABDC Journal Quality List 2013 “C” ;Indexed in International Bibliography of the Social Sciences ; Sage Publications]

Shaikh, I. and Padhi, P. (2013), “The Information Content of Macroeconomic News”, Procedia Economics and Finance, Elsevier B.V., Vol. 5 No. 13, pp. 686–695.

Shaikh, I. and Padhi, P. (2013), “A Simultaneous Equation Approach on the Relationship between Implied, Realised and Historical Volatility”, Asia-Pacific Journal of Management Research and Innovation, Vol. 9 No. 2, pp. 139–155.

Shaikh, I. and Padhi, P. (2013), “The information content of implied volatility index (India VIX)”, Global Business Perspectives, Vol. 1 No. 4, pp. 359–378.

Shaikh, I. and Padhi, P. (2013), “RBI’s Monetary Policy and Macroeconomic Announcements: Impact on S&P CNX
Nifty VIX”,Transition Studies Review, Vol. 19 No. 4, pp. 445–460. [ABDC Journal Quality List 2013 “C” ; Indexed in     SCOPUS; IDEAS/RePEc IF 0.41 ]

Conference papers

• “On the relationship of implied volatility, realized volatility and historical volatility: Evidence from S&P CNX Nifty equity index options of NSE”, presented at 5th IIMA Doctoral Colloquium  on 7th & 8th January 2012 at the Indian Institute of Management Ahmedabad, India .

• “Information Content of Implied volatility: A sub-period Analysis”, presented at the International Research Conference on Management, Banking and Finance  held on March 5th - 6th, 2012, at Jamanalal Bajaj Institute of Management Studies, Mumbai, India

• “OPTIDX S&P CNX Nifty Equity Index Options: A study of Market Efficient”, Presented  at 5th IBS Doctoral Theses Conference on 2nd and 3rd of April, 2012, at the Indian Business School, Hyderabad, India.

• “A Simultaneous Equation Approach on the Relationship of Implied, Realized and Historical Volatility”, Presented at the National Conference On Emerging Challenges For Sustainable Business June 1-2, 2012, Department of Management Studies Indian Institute of Technology Roorkee. Roorkee, Uttarakhand, India.

• “RBI’s Monetary Policy and Macroeconomic Announcements: Impact on S&P CNX Nifty VIX”  presented at the India Finance Conference 2012 (IFC 2012),on December 19 - 21, 2012 jointly organized by Indian Institute of Management Calcutta, Indian Institute of Management Bangalore and Indian Institute of Management Ahmedabad, India.

• "On the Linkages among ex-post and ex-ante volatility: Evidence from NSE Options Market”,  presented  at 6th International Conference on Decision Sciences for Performance Excellence December 27, 28 and 29th 2012 IBS Business School, Hyderabad, India.

• “Does Scheduled Macroeconomic Communication Matter? Evidence from India’s VIX”,  presented at The 12th Consortium of Students in Management Research (COSMAR) COSMAR 2012, on 16th & 17th November 2012, at the Department of Management Studies, IISc. Bangalore, India.

• “Macroeconomic announcements and implied volatility index in the emerging market economy” presented at the 6th IIMA Doctoral Colloquium organized by IIM Ahmedabad held  on 7th - 9th January 2013 at the Indian Institute of Management Ahmedabad, India.

• "The information content of macroeconomic news" presented at the International Conference On Applied Economics (ICOAE) 2013  held on June, 27-29, 2013 at Bahçesehir University, Istanbul, Turkey.

• “Asymmetric relationship between implied volatility and stock returns”, presented at Fourth Annual Great Lakes-Union Bank Finance Conference, to be held on 3rd September, 2013, at Great Lakes, Chennai, India.

• “Asymmetric relationship between implied volatility and stock returns”, presented at  India Accounting & Finance Conference 2013 to be held on September 9th to 11th 2013 at Indian Institute of Management Lucknow, India .

• “Implied volatility indices (India VIX): An assessment of asymmetry and forecasting ability” presented at the India Finance Conference 2013 (IFC 2013),on December 18 - 20, 2013 jointly organized by Indian Institute of Management Calcutta, Indian Institute of Management Bangalore and Indian Institute of Management Ahmedabad, India.

• “The information content of implied volatility index”  presented at the India Finance Conference 2013 (IFC 2013),on December 18 - 20, 2013 jointly organized by Indian Institute of Management Calcutta, Indian Institute of Management Bangalore and Indian Institute of Management Ahmedabad, India.

• “The Behavior Of Option’s Implied Volatility Index: A Case Of India VIX” presented at 50th Annual Golden Jubilee Conference of the Indian Econometric Society (TIES) held on December 22-24, 2013, Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India.

• "India VIX is ‘Investor fear gauge’ or ‘Forward-looking’?” presented at the University of Mumbai’s ADMIFMS IMRC 2013-14, Management Innovation and Intervention for Sustainable Development held on 28th February and 1st March 2014, Mumbai, India

Journal Referee

• Journal of Economic Studies(EmeraldInsight)
• International Journal of Law and Management(EmeraldInsight)
• International Journal of Commerce and Management(EmeraldInsight)
• Journal of Advances in Management Research(EmeraldInsight)

Guest Editor for Special issue

• Special Issue on: "Evidence-Based Management Practices in Accounting and Finance"
  http://www.inderscience.com/info/ingeneral/cfp.php?id=2822

• Special Issue on: Evidence Based Modelling in Management
  http://emeraldgrouppublishing.com/products/journals/call_for_papers.htm?id=5945

Conference Convener and Organizer
Organized an international conference at BITS Pilani : International Conference On Evidence Based Management 2015 http://www.bits-pilani.ac.in/pilani/ICEBM2015/home