Archana Patro

Overview:

Prof. Archana Patro is an Associate Professor at IIM Bodhgaya in the Area of Finance & Accounting. She has done her Ph.D. (FPM) From the Indian Institute of Management Indore and have a Certificate of Specialisation in Finance and Accounting from Harvard Business School. She has around Ten years of Teaching and Research Experience. Prior to joining IIM BG, she worked as Assistant Professor at IIM Rohtak and IFMR Chennai. Over the span of her academic career, she was holding the important administrative position as Chairperson PGP, Chairperson PhD, Chairperson IPM, Financial Advisory and Investment Committee Chairperson, Chairperson Ranking and Outreach Committee, Chairperson Internal Complaints Committee (ICC) & Women Empowerment Committee etc. She has worked on various government projects and provided consultancy services for the Ministry of Consumer Affairs (Food & Public Distribution), National Women Commission, Food Corporation of India, State Finance Commission, GIZ Germany, Department of Tourism, Indian Department of Post etc. She has published her research in various reputed international and national journals. Her Papers were published in top journals such as Energy policy, International Review of Economics & Finance (IREF), Journal of Futures markets, Applied Economics Journal of Intellectual Capital etc. She was invited to present her research output on various platforms at National and international conferences. She has organised various National and International conferences as Convenor. She is the Programme Director for most of the long duration and short duration programmes of Indian Institute of Management and very active in providing training to Industry professionals through various executive education programmes and MDPs.

Academic background:

• Ph.D. (Fellow Programme in Management) Indian Institute of Management Indore (IIM Indore)
• MBA -Berhampur University, Odisha
• B.Sc. -Physics Honours, Berhampur University, Odisha

Affiliations:

• Associate Professor, Indian Institute of Management Bodh Gaya (From Jan 2022)
• Assistant Professor, Indian Institute of Management Rohtak (From Sep 2017 to Jan 2022)
• Assistant Professor, Institute for Financial Management & Research, Chennai (Dec 2013 to Aug 2017)

Teaching Interests:

• Financial Accounting(PGP)
• Management Accounting(PGP)
• Financial statement Analysis(PGP)
• Investment Banking(PGP)
• Corporate Finance (PGP)
• Private Equity and Venture Capital(PGP)
• Emerging issues in Accounting Research(DPM/FPM)

Research Interests:

• International Financial Reporting Standards
• Intellectual reporting/Green Accounting/Integrated Reporting
• Corporate Governance/Accounting Fraud/Bankruptcy Prediction/Earnings Management/Forensic accounting
• Accounting for Government

View Research Profile

Publications:

• Patro, A., & Kanagaraj, A. (2012). Exploring the herding behaviour in Indian mutual fund industry. Asian Journal of Finance & Accounting, 4(1), 189-204.
• Patro, A., & Gupta, V. K. (2012). Adoption of International Financial Reporting Standards (IFRS) in accounting curriculum in India-An empirical study. Procedia Economics and Finance, 2, 227-236.
• Patro, A., & Gupta, V. K. (2014). Impact of international financial reporting standards on cost of equity capital for Asian countries. International Journal of Accounting and Financial Reporting, 4(2), 148.
• Patro, A., & Gupta, V. K. (2016). Impact of international financial reporting standards on stock price synchronicity for Asian markets. Contemporary Management Research, 12(1).
• Mohil, S., Patro, A., & Nayyar, R. (2019). Options availability effect on informed trading in M&As. Managerial Finance.
• Mohanty, P. K., Patro, A., Harindranath, R. M., Kumar, N. S., Panda, D. K., & Dubey, R. (2021). Perceived government initiatives: Scale development, validation and impact on consumers' pro-environmental behaviour. Energy Policy, 158, 112534.
• Tiwari, A., & Patro, A. (2018). Memory, risk aversion, and nonlife insurance consumption: Evidence from emerging and developing markets. Risks, 6(4), 145.
• Tiwari, A., Patro, A., & Shaikh, I. (2019). Information communication technology-enabled platforms and P&C insurance consumption: Evidence from emerging & developing economies. Review of Economics & Finance, 15(1), 81-95.
• Kulshrestha, A., & Patro, A. (2021). Intellectual capital reporting and mandatory adoption of post-IFRS–An empirical analysis using computational linguistic tools. Journal of Intellectual Capital.
• Tiwari, A., Patro, A., & Patky, J. (2020). Information communication technology and self-employment. In Role of IT-ITES in economic development of Asia(pp. 235-249). Springer, Singapore.
• Mohanty, P. K., & Patro, A. (2020). Analyzing repurchase behaviour and benchmarking brands: implications for salespersons in a personal selling context. Journal of Agribusiness in Developing and Emerging Economies.
• Tiwari, A., & Patro, A. (2020). Data protection in market-driven network economies. In Role of IT-ITES in economic development of Asia(pp. 313-325). Springer, Singapore.
• Mohil, S., Nayyar, R., & Patro, A. (2020). When is informed trading more prevalent? —An examination of options trading around Indian M&A announcements. Journal of Futures Markets, 40(6), 1011-1029.
• Tiwari, A., Patro, A., & Mohil, S. (2019). Credit insurance under different policy regimes and associated risk of crisis. In The impacts of monetary policy in the 21st century: Perspectives from emerging economies. Emerald Publishing Limited.
• Patro, A., & Kanagaraj, A. (2016). Is Earnings Management a Technique to Reduce Cost of Capital? Exploratory Study on Indian Companies. Journal of Modern Accounting and Auditing, 12(5), 243-249.
• Tiwari, A., Patro, A., & Shaikh, I. (2019). The Moderating Role of Risk Aversion on Adoption of IT and Mobile Platforms on P&C Insurance Demand: Evidence from Developing Countries. Journal of Electronic Commerce in Organizations (JECO), 17(4), 1-15.
• Sharma, D., Ahalawat, S., Patro, A., & Kumar, P. (2021). Spot market and derivative segment of equity in India. Applied Economics, 1-14.
• Tiwari, A., Shaikh, I., & Patro, A. (2018). Insurance and risk practices: an exploration of religious texts to reveal the evolutionary development of insurance institutions. Journal of Social and Economic Development, 20(2), 274-292.
• Ahalawat, S., & Patro, A. (2019). Does spot Nifty fluctuate with macroeconomic indicators?. Asian Journal of Empirical Research, 9(7), 175-187.
• Tiwari, A., Patro, A., & Patky, J. (2019). The Role of Disaster Regulations and Insurance Regulations on the Development of Disaster Insurance Markets: Regulatory Models in G-7 Countries. In Handbook of Research on Economic and Political Implications of Green Trading and Energy Use(pp. 181-200). IGI Global.
• Ahalawat, S., & Patro, A. (2019). Exchange rate and Chinese financial market: Variance decomposition under vector autoregression approach. Cogent Economics & Finance, 7(1), 1628512.
• Patro, A. (2013). Impact of International Financial Reporting Standards on Stock Price Synchronicity and Cost of Capital in the Asian(Doctoral dissertation, Indian Institute of Management Indore).
• Patro, A. (2016). Using Balance scorecard in Educational institutions. International Journal of Business and Management Invention ISSN (Online, 5(11), 2319-8028.

Case Published:

• Everton Tea: ABC Model to Calculate Sales Margin (Case &Teaching Note)-Case centre
• The Basil Tree Day Care Centre (Case & TN)-ET Cases
• Syndicate University: Central Repair Lab (Case & Teaching Note)- IIM Rohtak Digital (case) Repository

Book Chapter:

• Information Communication Technology and Self Employment, ISBN 978- 981- 15- 4205- 3, Springer, Singapore(2020)
• Data Protection in Market Driven Network Economising 978- 981- 15- 4205- 3, Springer, Singapore (2020)
• The Role of Disaster Regulations and Insurance Regulations on the Development of Disaster Insurance Markets: Regulatory Models in G-7 Countries ISBN 978- 15225 85473, IGI Global (2019)
• Credit Insurance under Different Policy Regimes and Associated Risk of Crisis 978-1- 78973 -320-4, Emerald Publishing Limited, (2019)
• Integrating International Financial Reporting Standards into the Indian Accounting Curriculum, 978- 93- 5062- 003-8, Excel Publisher (2012)
• Modelling of short term Interest rates for Indian Money Market” Sustaining Business in Turbulent Time, Excel Publisher (2011)

Conference Papers:

• Sustainability reporting-A Bibliometric analysis of the literature, ICMC 2021, JAN 2021, MICA Texas Moody
• Options market and informed trading in M&As: An empirical examination of Indian acquiring companies” 6th Pan IIM World management Conference 2018, 13-15 Dec 2018, IIMB
• 'Diminishing returns in cross border deals of Indian acquirers', International conference at IMI (2018Delhi, India in collaboration with Sichuan Academy of Social Sciences.), Delhi- 17-18 Dec 2018 (IMI),
• Does M&A announcement and options expiry alignment affect insider trading: Analysis of Indian acquiring companies”, India Finance Conference (2018), 20-22 Dec 2018, IIMC
• Information Communication Technology-Enabled Platforms and nonlife Insurance Consumption, Pan IIT Conference (2018), Nov30- Dec 2, IIT Roorkee
• Influence of government initiative on consumers’ energy efficient appliances purchase behaviour - Using TPB mode Journal of the Academy of Marketing Science Conference, ISB Hyderabad (2018) April 26- 28,2018 ISB Hyderabad
• Government Initiatives and its influence on Consumer purchase intention, 12th NASMEI Conference (2018), Dec20- 21,2018, Great Lakes Chennai
• Green Bonds and Climate Change: Systematic Literature Review Research Inference and Future Panorama” AGBA’s 16th World Congress, July 2 – 4, 2019, IIT Delhi & AGBA
• Spot market and Derivative segment of equity in India, 9th India Finance Conference (IFC) 2019,18th – 21st December 2019, IIM Ahmedabad
• 'Improvement in Intellectual Capital Reporting post-IFRS – Evidence from Indian Listed Firms', 9th India Finance Conference (IFC) 2019, 18th – 21st December 2019, IIM Ahmedabad
• Exploring the antecedents and consequences of farmers re-purchase behaviour, benchmarking the tractor brands using two-stage DEA analysis, 13th Great Lakes NASMEI Marketing Conference, 2019, Chennai, 19th & 20th Dec. 2019, Great Lakes Institute of Management
• Is Earnings Management A Technique to Reduce Cost of Capital?- Exploratory Study on Indian Companies, 5th International Business & Economy Conference (Ibec), Germany 6 - 9 January 2016, (IBEC), Germany
• “Informational Consequences of Mandatory IFRS adoption in China, India Finance Conference 17-19 December 2015 at IIM-C,
• Impact of International Financial Reporting Standards on Stock Price Synchronicity in Asian Countries, Journal of Contemporary Accounting and Economics (JCAE 2014) symposium Monash University Kuala Lumpur on 3-4 January 2014
• Adoption of International Financial Reporting Standards (IFRS) in Accounting Curriculum in India - An Empirical Study, 2nd Annual International Conference on Accounting and Finance (AF) 2012, Singapore, May 21 - 22 2012
• IFRS for SMEs - Is it necessary for Developing countries? International Research Conference and Colloquium at Kuala Lumpur
• New Regulatory Framework for Financial Reporting in India, MTMI-TRU 2010 International Conference at Thompson Rivers University Kamloops, British Colombia, Canada - June 12- 13, 2010
• Impact of International Financial Reporting Standards on Stock Price Synchronicity and Cost of Capital in the Asian Countries, IIMA Doctoral Colloquium, 7-9 January 2013, Indian Institute of Management Ahmadabad
• Impact of IFRS adoption on Cost of Equity Capital-A Study on Indian Blue chip Companies35th All India Accounting Conference, 5-6 January, Indian Accounting Association
• Impact of International Financial Reporting Standards on Stock Price Synchronicity: An Empirical Study on India’s Blue-Chip Companies, India Finance Conference 2012 at 18-21 December 2012 IIM Calcutta
• “Board Demographic Diversity and Strategic Change: The Moderating Role of Firm Performance, India Finance Conference during 18-21 December 2012 in IIM Calcutta
• IFRS-Impact on Stock Synchronicity and Cost of Capital, Consortium of Students in Management Research (COSMAR), 2012 Indian Institute of Science Bangalore
• The Context of the Possible International Financial Reporting Standards for Small and Medium Sized Entities Implementation in India -An Exploratory Study5th National Management Convention, KIIT University, February 17-18, 2012, Bhubaneswar
• Integrating International Financial Reporting Standards into the Indian Accounting Curriculum”, National Management Convention, Asian School of Business Management, Bhubaneswar 9th, 10th & 11th February 2012
• Need for Forensic accounting - An Indian Scenario, Ist International conference on Accounting and Finance 10th12th March 2011 at TAPMI, Manipal, Karnataka
• “IFRS for SMEs in India Do we need it?” at Ist International conference on Accounting and Finance, 10th - 12th March, 2011at TAPMI, Manipal, Karnataka
• Modelling of short-term Interest rates for Indian Money Market”, A National Management Convention from 9th Feb-12 Feb 2011 Asian School of Business Management, Bhubaneswar

Research Projects/Consultancies:

• Concurrent evaluation for the implementation of national food security act (NFSA)- Haryana, Ministry of Consumer Affair (Food & Public Distribution) India 2018-20
• Evaluation of Wheat Procurement operations during Rabi Marketing Season in the State of Haryana, Food Corporation of India 2018-19
• Evaluation of Paddy Procurement operations during Kharif Marketing Season in the State of Haryana Food Corporation of India,2019-20
• Impact evaluation for the implementation of national food security act (NFSA) in 5 North Eastern states, The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH or GIZ Germany,2019-20
• Concurrent evaluation for the implementation of national food security act (NFSA) in the state of Jammu, Ministry of Consumer Affair (Food & Public Distribution),2019-20
• Accountability of Local Government in West Bengal Understanding accounting problems and procedures, 13th State Finance Commission West Bengal,2014-15

MDP /Executive Education:

• Financial Reporting and Analysis-EPGP
• Management Accounting- EPGP
• Financial Reporting and Performance Measurement of Sports Organizations EPGDSM-Sports management
• Strategic Cost Management-MDP-CRPF
• Finance for Non-Finance Executives- MDP- Petro net LNG Ltd.
• Strategic Choice in Finance-MDP-Supply Chain Management
• Gaining access to finances for your start-up-MDP- Entrepreneurship
• Project Cost MANAGEMENT & Pricing Analytics- MDP on Project Management
• High level Session on IFRS for Barclays Shared Services for Charted Accountants, Chennai
• Finance for Non-Finance for Managers of Toshiba Machines India Pvt Ltd
• Cost Management for Temenos India Ltd – a leading Swiss banking software company

Administrative experience in Academic Institutions:

• IIM Rohtak: (2017-2021)

Chairperson PGP Chairperson IPM Financial Advisory and Investment Committee Chairperson Ranking and Outreach Committee Chairperson Internal Complaints Committee (ICC)- Chairperson Women Empowerment Committee-Chairperson Admission Committee member PGP Student & Hostel Affairs Committee Member

• IFMR (2014-17)

Chairperson PGDM Accreditation & Ranking  

Professional Affiliations:

• KPMG-Diploma in IFRS
• Student and Member of CIMA - Chartered Institute of Management Accountants
• Passed Licentiate Exam of Insurance Institute of India
• Life Member of Indian Society for Technical Education, M.No-LM61488

Others:

• PAN IIM Conference- Track Chair for Finance and General Management Area
• Reviewer- Emerging Economics Sage , Asian Review of Accounting, IIMB Management Review, Journal of Financial Reporting and Accounting, Contemporary Management Research
• Editorial Board Member in International Journal of Auditing and Accounting Studies (IJAAS)
• Member, Board of Studies –Sathya Bhama University
• Member of Editorial review board for Amity journal of Finance, Emerging Economy studies.