Nidhi Malhotra

Dr. Nidhi Malhotra is a seasoned academic in the field of finance with over 15 years of experience spanning teaching, research, and academic leadership. A certified Financial Risk Manager (FRM), she brings together strong research acumen with expertise in curriculum design, executive education, and global accreditation frameworks. Her scholarly contributions include co-authoring high-impact research published in ABDC-A and B category journals, with a publication portfolio comprising 2 A, 2 B, 6 Scopus-indexed, 3 C, and 11 peer-reviewed journal articles. She has also played a pivotal role in driving AACSB accreditation initiatives at her current institution, where she has led key strategic and compliance-related processes.

Associate Professor, Lal Bahadur Shastri Institute of Management, New Delhi
Since August 2017

Currently serving as an Associate Professor in the area of Finance, responsible for teaching postgraduate courses such as Investment Analysis, Fixed Income Securities, Management of Financial Services, and Management Accounting. Leading the institute’s efforts toward AACSB accreditation, including the preparation of the Initial Self-Evaluation Report (iSER), development of the Assurance of Learning (AoL) framework, and formulation of faculty qualification metrics aligned to AACSB Standard 3.

Actively involved in research supervision, executive education, and conference organization, with a strong track record of mentoring student research and hosting national conferences on ESG, FinTech, and Sustainable Finance. Plays a strategic role in alumni engagement and institutional planning. Successfully integrated Bloomberg terminals into classroom instruction to enhance experiential learning and real-time financial analysis.

1. Nepal, R., Prasad Yadav, M., Malhotra, N., Verma, R., & Kushwah, S. V. (2025). In Search of Risk Havens in the Global South—Interconnectedness Between Mining Stocks and Energy Commodity Future. Emerging Markets Finance and Trade, 1-18. https://doi.org/10.1080/1540496X.2024.2420599. (ABDC - B; Scopus Indexed; Impact Factor – 4; Cite Score – 6.4).

2. Gupta, P., Bhatia, P., & Malhotra, N. (2025). Do Crypto and Equity Go Hand in Hand? An Empirical Study of G-7 Economies Using VECM, Granger Causality and Panel Data Analysis. Management and Labour Studies, 0(0). https://doi.org/10.1177/0258042X241309725 (ABDC ‘C’ ranked & Scopus Indexed; Impact Factor – 0.56; Cite Score – 2.2).

3. Malhotra, N. (2025). TVP-VAR Analysis of NFT, DeFi, Assets, and Clean Energy in Investment Portfolio. Indian Journal of Finance (in-production)(ABDC ‘C’ ranked & Scopus Indexed; Impact Factor – 0.44; Cite Score – 1.5).

4. Abedin, M.Z., Goldstein, M.A., Malhotra, N. and Yadav, M.P. (2024). Middle East Conflict and Energy Companies: The Effect of Air and Drone Strikes on Global Energy Stocks, Finance Research Letters, 106009, doi: https://doi.org/10.1016/j.frl.2024.106009. (ABDC ‘A’ ranked & Scopus indexed; Impact Factor – 7.4 ; Cite Score – 11.1)

5. Bangur, P., Kumar, S. and Malhotra, N. (2024). ‘The Efficacy of Capital Asset Pricing Model, Fama-French Model and Carhart Model: A Study of NSE Nifty’ from SCMS Journal of Indian Management, January - March 2024, Vol. XXI, Issue No. 1 (Scopus indexed; Impact Factor – 0.39; Cite Score – 1.7)

6. Saxena, S., Malhotra, N. and Purohit, H. (2024) ‘When markets are volatile, do investors flock (herd) together in India? Evidence from Quantile Regression Analysis’ from International Journal of Business Innovation & Research, Inderscience Publishers. DOI: 10.1504/IJBIR.2024.10065192
(Scopus indexed; Impact Factor -0.83; Cite Score: 1.8)

7.  Goodell, J.W., Yadav, M.P., Ruan, J., Abedin, M.Z. and Malhotra, N. (2023). Traditional Assets, Digital Assets and Renewable Energy: Investigating Connectedness during COVID-19 and the Russia-Ukraine war, Finance Research Letters, 104323, https://doi.org/10.1016/j.frl.2023.104323. (ABDC ‘A’ ranked & Scopus indexed; Impact Factor – 10.4; Cite Score – 10.8)

8. Yadav, M. P., Ashok, S., Taghizadeh-Hesary, F., Dhingra, D., Mishra, N., & Malhotra, N. (2023). Uncovering time and frequency co-movement among green bonds, energy commodities and stock market. Studies in Economics and Finance. https://doi.org/10.1108/SEF-03-2023-0126.

(ABDC ‘B’ ranked & Scopus indexed; Impact Factor - 1.9; Cite Score - 4.2).

9. Sakshi, S. and Malhotra, N. (2022). Modified Markowitz Multi-Period Dynamic Portfolio Selection Model of Nifty 50 Stocks: An Application of Particle Swarm Optimization. Empirical Economic Letters, 21, 3, 611-643. https://doi.org/10.5281/zenodo.7772811.  (ABDC ‘C’ ranked).

10. Saxena, S., Purohit, H. and Malhotra, N. (2021). Diminishing Calendar Anomalies: Case of Indian Equity Markets. Global Business and Economics Review, 24(1), 43-58. (ABDC ‘C’ ranked & Scopus indexed; Cite Score – 1.1). DOI: 10.1504/GBER.2021.10033196

11. Malhotra, N. and Gupta, S. (2019). Volatility Spillovers and Correlation between Cryptocurrencies and Asian Equity Markets. International Journal of Economics and Financial Issues. 9(6), 1-8. (ABDC ‘C’ ranked; Cite Score – 0.595). DOI: https://doi.org/10.32479/ijefi.8624

12. Vashisth,R. & Malhotra,N. (2019) Use of Participatory Note (P-Notes) in Indian Stock Market: Determinants and Impact. International Journal of Engineering Applied and Management Sciences Paradigms, 54(2),190-197. (ABDC ‘C’ ranked)

13. Malhotra,N., Purohit,H. & Tandon, D (2016). Are premium indicative of future returns? Evidence from Exchange Traded Funds in India. Abhigyan, 34(3),1-12.

14. Malhotra,N., Purohit,H. & Tandon, D (2016). Price discovery and Dynamics of Indian equity exchange traded funds. International Journal of Business Competition and Growth, Inderscience Publishers, 6 (1/2/3), 91-109. DOI: 10.1504/IJBCG.2016.079943

15. Malhotra,N. & Purohit, H (2016). Comparative Performance of Exchange Traded Funds vis-à-vis Index Funds in India: An Empirical Analysis. Business Analyst, SRCC, University of Delhi, Emerald Publishing, 36(2), 151-168.

16. Malhotra,N., Tandon, K. & Tandon, D.(2015). Testing the Emperics of Weak Form of Efficient Market Hypothesis: Evidence from Asia-Pacific Markets. The IUP Journal of Applied Finance, 21(4), 18-37.

17. Purohit,H. & Malhotra,N. (2015). Pricing Efficiency and Performance of Exchange Traded Funds in India. The IUP Journal of Applied Finance,21(3), 16-35.

18. Malhotra, N., Tandon, K. & Tandon, D. (2015). Testing Weak form of Efficient Market Hypothesis: Evidence from Bombay Stock Exchange (BSE) & National Stock Exchange (NSE). Asian Journal of Research in Social Sciences & Humanities, V(VI), 68-76. DOI:10.5958/2249-7315.2015.00144.6

19. Tandon, D., Tandon, K. & Malhotra, N. (2014). An Evaluation of the Technical, Pure Technical and Scale Efficiencies in the Indian Banking Industry using Data Envelopment Analysis. Global Business Review (Sage publication), 15(3), 545-563. (ABDC ‘C’ ranked & Scopus indexed; Impact Factor 2.4; Cite Score – 4.3). https://doi.org/10.1177/0972150914535141

20. Tandon, K. & Malhotra, N. (2014). A Comparative Evaluation of efficiency in the Indian Banking Industry Using Data Envelopment Analysis. The IUP Journal of Bank Management, XIII(2), 33-46.

21. Tandon, K. & Malhotra, N. (2013). Relative performance of index funds: Empirical Evidence from India. International Journal of Applied Financial Management Perspectives, 2(1), 288-293.

22. Tandon, K. & Malhotra, N. (2012). Examining the relationship between stock prices and macroeconomic variables: empirical evidence from India. International Journal of Applied Financial Management Perspectives, 1(1),43-47.

23. Tandon, K. & Malhotra, N. (2011) ‘Micro-Finance: The Indian Experience’, International Journal of Management and Computing Science, 1(3), 25-29.

1. Received acceptance for the paper titled ‘Dynamic Connectedness amongst Chinese Equity, ESG indices, Forex and Safe Haven Assets: An Insight of Natural and Man-made diplomatic global shocks ‘in the Journal of Chinese Economic and Business Studies. The paper is co-authored with Miklesh Prasad Yadav, Mohammad Abedin and Taimur Sharif (Taylor & Francis Publication & Scopus Indexed; Impact Factor – 2.4; Cite Score – 4.5).

2. Received acceptance for paper titled ‘Riding the wave: Unravelling the lead-lag relationship between interest rate swaps and forex markets’ in Heliyon (manuscript number: D-24-43480). The paper is co-authored with Miklesh Prasad Yadav. (Scopus Indexed; Impact Factor – 3.4).

1. Paper titled ‘Geopolitical Shockwaves: Analyzing the 2024 Iran-Israel Conflict’s Impact on Shipping, Energy, Stock Exchange and Defense Industries’ is submitted in Journal of Business Economics(manuscript number: JBEC -D 25-00006). The paper is co-authored with Miklesh Prasad Yadav; Taimur Sharif and Mohammad Zoynul Abedin (Scopus Indexed; Impact Factor: 2.72).

2. Paper titled ‘FinTech, Decentralized Finance and Big Tech: An investigation of dynamic connectedness’ is submitted in Int. J. of Banking, Accounting and Finance. The paper is co-authored with Miklesh Prasad Yadav; Taimur Sharif and Venkata Ramana Thanikella (ABDC - C; Scopus Indexed; Cite Score -0.6).

3. Paper titled ‘Emerging Markets and Financial Integration: An Arellano & Bond Model Approach to Output and Consumption Volatility’ submitted in Vikalpa: The Journal of Decision Makers (manuscript number: VIK-25-0049). The paper is co-authored with Miklesh Prasad Yadav, Rashmi Ahuja and Shruti Ashok (Scopus Indexed; Impact Factor – 0.5; Cite Score – 1.8).

4. Paper titled ‘Unveiling the Chain Reaction: Analyzing How Silicon Valley Bank’s Collapse Reverberates Across Equity, Bonds, Crude Oil, Clean Energy and Bitcoin Markets’ is submitted in the Annals of Finance (manuscript number AOFI-D-25-0016). The paper is co-authored with Smita Dayal, Mohammad Abedin, Miklesh Prasad Yadav and Taimur Sharif (ABDC - B; Scopus Indexed; Impact Factor -0.8).

• Proficient in Bloomberg, R, EViews, and SPSS
• Familiar with Assurance of Learning frameworks and AACSB standards
• Experience in Executive education and MDP delivery
• Online teaching
• Student mentoring