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Dr. Aparna Prasad Bhat

ASSOCIATE PROFESSOR at K J Somaiya Institute of Management
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Faculty
  • Department:
    FINANCE AND LAW
  • Institute:
    K J Somaiya Institute of Management
  • Location:
    Vidyavihar - Mumbai
  • Email Address:

    aparnabhat@somaiya.edu

  • Contact Details:

    Landline No. : 022-67283028

    Extension No. : 3028

  • Office Address :

    #58, 1st floor, SIMSR Old building, Vidyanagar, Vidyavihar

  • Timings For Visitors:

    NA

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Introduction

Dr. Aparna Bhat started her career as a Chartered Accountant and earned the Financial Risk Manager (FRM) certification from the Global Association of Risk Professionals (GARP), USA.  In addition she holds a Post Graduate Diploma in Treasury and Forex Risk Management from ICFAI. Her doctoral research revolved around the pricing and hedging of exchange-traded currency options in India.  She is currently working with the K.J.Somaiya Institute of Management Studies (K J SIM) as Associate Professor in the area of FInance and facilitates courses on Derivatives, Financial Risk Management and Financial Management. She has a total work experience of 29 years till date of which 14 were spent in the corporate sector in various areas such as audit, finance and accounts and risk management. Before joining K J SIM, Dr. Aparna Bhat led the Risk Management Team at the National Stock Exchange (NSE) Head Office in Mumbai.

Her research interests are in the areas of stock markets, financial derivatives and financial risk management models. She is empanelled as a trainer with the National Institute of Securities Markets (NISM) and has conducted several Continuing Education Programmes on Equity and Currency derivatives and Capital Market Operations for the members of stock exchanges. She is a committed teacher and passionate about her teaching and research.  

 

Education

Chartered Accountant,ICAI,1995

• Certificate in Investment Banking,ICFAI University,2002

• PG Diploma in Treasury and Forex Management,ICFAI University,2005

Financial Risk Manager,Global Association of Risk Professionals,2008

PhD,ITM University,2018

Professional Experience

    Academic

    Non Academic

  • A.F.Ferguson, Audit Assistant, February 1996 - October 1996
  • National Stock Exchange of india Ltd, Chief Manager, June 2008 - October 2010
  • STCI Ltd, Asst. General Manager, March 2006 - June 2008
  • Reliance industries Ltd, Accounts officer, October 1996 - May 2000
  • SBI DFHI, Asst. Vice President, September 2001 - March 2006

Courses/Subjects Teaching

  • Derivatives and Risk Management

Research Specialisation

  • Financial markets
  • Derivatives and risk management

Consultancy Expertise

    No Information Available

Consultancy Projects

    No Information Available

Achievements, Recognitions & Awards

  • 1. Won the second Best Paper Award for my paper 'Revisiting the Variance Risk Premium for Equity index Options: Evidence from india’ presented at the Research Symposium in Finance and Economics organized by Krea University during June 14-16, 2023

MDP / FDP

  • Conducted session sin MDP on FX-Analytics

  • Conducted sessions for INS-Hamla

  • Conducted sessions in Financial Economics Programme with NSE

  • Conducted a session on derivatives for MDP of HDFC Securities Ltd

Research Papers

Aparna Bhat, S V D Nageswara Rao & Piyush Pandey.(2024).The asymmetry in day and night option returns: Evidence from an emerging market..Journal of Futures Markets,44(8):1320-1337.https://doi.org/10.1002/fut.22512
Aparna Bhat.(2022).Construction of a volatility index from exchange-traded dollar–rupee options.Journal of Indian Business Research,14(4):403-425.https://doi.org/10.1108/JIBR-10-2020-0344
Aparna Bhat.(2021).The Profitability of Volatility Trading on Exchange-traded Dollar-rupee Options: Evidence of a Volatility Risk Premium?.Global Business Review,OnlineFirst(OnlineFirst):1-15.https://doi.org/10.1177/09721509211046169
Aparna Bhat.(2019).Who predicts dollar-rupee volatility better? A tale of two options markets.Managerial Finance,45(9):1292-1308.
Aparna Bhat.(2018).Do simple traders’ rules perform better than the GARCH model? Evidence from currency options in India.International Journal of Financial Markets and Derivatives,6(3):183-209.
Aparna Bhat.(2018).An empirical exploration of the performance of alternative option pricing models: The case of Indian currency options.Journal of Indian Business Research,11(1):23-49.
Aparna Bhat.(2018).The economic determinants of the implied volatility function for currency options: Evidence from India.International Journal of Emerging Markets,13(6):1798-1819.
Aparna Bhat.(2015).A Test of Alternative Value-at-Risk Models during Volatile Periods.Indian Journal of Finance,9(8):19-33.
Aparna Bhat.(2015).An Empirical Test of Efficiency of Exchange-Traded Currency Options in India.Business and Economics Research Journal,6(4):1-17.

Proceedings

No Information Available

Books

No Information Available

Book chapters

No Information Available

IPR

No Information Available

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