Dr.Sanjay Sehgal

Position Held
Reader

E-mail
alka@vsnl.com

Specialisation

• Finance

Participation in Seminars/Conferences

• Attended and presented a paper at Vth Annual Conference organised by UTI Institute of Capital Markets at Vashi, New Mumbai in December, 2001.
• Attended a Two-Day Workshop on "Empirical Issues in Finance" organised by Financial Markets Group, London School of Economics in May 2001.
• Attended a presented a paper at VIth Annual Finance Conference of Asia-Pacific Finance Association held at Melbourne, Australia in July 1999.

Publications

Research Papers

• Completed a Major Research Project entitled, "Investment Performance of Mutual Funds in India", sponsored by University Grants Commission, Government of India in February 1999.
• Working on a Major Research Project entitled "Asset Pricing in Indian Capital Market", funded by University Grants Commission, Government of India, w.e.f. April, 2000.
• A paper entitled, "Contrarian and Momentum Strategies in the Indian Capital Market", published in Vikalpa, a journal by IIM Ahmedabad, Vol.27, No.1, Jan.-March 2002, pg.13-19.
• A paper entitled, "Abnormal Returns using Technical Analysis: The Indian Experience", published in Finance India, Vol.16, No.1, March 2002.
• A paper entitled, "Company Size, Relative Distress and Common Stock Returns: The Indian Evidence", published in the Journal of Applied Finance, ICFAI, Vol.9, No.1, Jan.2002. )
• A paper entitled, "Forecasting P/E Ratios for the Indian Capital Market", published in Decision, Journal issued by IIM Calcutta, Vol.28, No.1, January-June, 2001, pg.131-144.
• A paper entitled, "Common Factor in Stock Returns: The Indian Evidence" presented at the 5^th annual finance conference organized by UTI Institute of Capital Markets at Vashi New Mumbai from Dec.21-22, 2001. The paper is under publication in a book entitled, "Indian Capital Markets: Trends and Dimensions (Pt. V)", brought out by UTIICM and published by Allied Publishers.
• A paper entitled, "Bond Rating Variability Over Time and Consistency of Bond Rating Methodology", presented at the 4^th Annual Conference of UTIICM in December, 2000. The paper is under publication in the book entitled, "Indian Capital Markets: Trends and Dimensions (Part IV)", published by UTIICM and published by Allied Publishers.
• The paper has been published a book entitled, "Indian Capital Markets: Theoretical Perspectives and Empirical Evidences", brought bout by UTIICM and published by Allied Publishers, pg.241-276.
• A paper entitled, "Market Timing Ability of Mutual Fund Managers: The Indian Experience", presented at the 6^th Annual Conference by Asian Pacific Finance Association held at Melbourne, Australia, from July 12-14, 1999. The paper with modification has also been presented at the 3^rd Annual Conference of UTI Institute of Capital Markets at Vashi, Mumbai held in December 1999. The paper has been published in a book entitled, "Indian Capital Markets: Theoretical Perspectives and Empirical Evidences", brought out by UTIICM and published by Allied publishers, pg.241-276.
• A paper entitled, "Performance Evaluation of Mutual Funds in India", presented at the 5^th Annual Conference of Asia-Pacific Finance Association, held at Tokyo, Japan from July 19-22, 1998. The paper has also been presented with modifications and entitled, "Investment Performance of Mutual Funds in India", at the 3^rd annual conference organized by UTI Institute of Capital Markets at Vashi, Mumbai in December, 1999. The paper has been published in a book entitled Indian Capital Markets: Trends and Dimensions (Part II), McGraw Hill, 2000, pg.1-41.
• A paper entitled, "The Relationship Between Accounting Variables and Systematic Risk", presented at the 4^th Annual Conference of Asia-Pacific Finance Association from July 14-16, 1997. The paper has been published in Indian Accounting Review, Vol.3, No.1, June 1999, an accounting journal brought out by Indian Accounting Association Research Foundation.
• A paper entitled, "A Model for Pricing of New Issues in India", presented in a Seminar on Globalisation of Financial Services organised by Institute of Management Science, Jaipur on Jan. 6, 1996. The paper has been published in the Journal of Management Awareness Vol. No.1, Jan., 1998 brought bout by Integrated Academy of Management and Technology, Ghaziabad.
• A paper entitled, "An Empirical Testing of Three-Parameter Capital Asset Pricing Model in India", published in Finance India Vol.XII, No.4, Dec. 1997.
• A paper entitled, "Portfolio Management by Indian Mutual Funds", presented at a Conference on Indian Capital Market Beyond 2000, held at PHD Chamber of Commerce on Jan. 7, 1997. The paper has been published in the Conference proceedings.
• A paper entitled, "Beta Forecasting in the Indian Capital Market", presented at the 1^st Conference of Asia-Pacific Finance Association held at Sydney, Australia from Sept. 28-29, 1994. The paper has been published in Indian Journal of Finance and Research, Vol.VII, No.2, July, 1995, a journal brought out by Indian Financial Management Association (IFMA).
• A paper entitled, "Diversification and Optimal Portfolio Size: The Indian Scene", published in Indian Journal of Finance and Research, Vol.VI, No.1, Jan. 1995.
• A paper entitled, "The Distribution of Stock Market Returns: Tests of Normality", published in Indian Journal of Finance and Research, Vol.V, No.2, July, 1994.
• A paper entitled, "An Empirical Testing of Capital Asset Pricing Model in India", published in the proceedings of the Second Annual Conference on Asia-Pacific Financial Markets held at Hong Kong in Sept. 1991. The paper has been reproduced in an edited book, Readings in Financial Management, brought out by Indian Institute of Finance.
• An article entitled, "Pioneers of Modern Finance Theory", published in Indian Journal of Finance and Research, Vol.II, No.2, July, 1990.
• A paper entitled, "Unification of Asset Pricing Theories", presented in the National Conference on Corporate Financing: Emerging Scenario, held at Andhra Bhavan, Delhi on 15-16 Feb., 1990. The paper has been published in Review of Commerce Studied, Vol.XIV & XV, March 1990. The journal is brought out by Department of Commerce, Delhi School of Economics, University of Delhi.
• A paper entitled, "An Alternative Approach to Capital Asset Pricing : Ross's APT" presented and published in the proceedings of National Seminar on Portfolio Management held at South Campus on 3-4 March, 1989. The paper has been published in the seminar proceedings.
• A paper (jointly with Dr.Gregory Connor, London School of Economics) entitled, "Tests of Fama-French Model in India", under publication.
• A paper entitled, "Fama-French Model and CAPM Anomalies in the Indian Stock Market", sent for publication in an international journal.
• A paper entitled, "Factor Model vs Characteristics Model: Evidence from the Indian Stock Market", accepted for presentation at the IX Annual Finance Conference, organized jointly by APFA, PACAP and FAMA to be held at Tokyo from July 14-17, 2002.
• A paper entitled, "Developing a Bond Rating Mode for Indian Debt Market", sent for publication.
• A paper entitled, "Investor Behaviour in Indian Capital Market". The paper is under publication in Review of Commerce Studies a journal by Delhi School of Economics.
• A paper entitled, "Company Characteristics and Common Stock Returns: The Indian Evidence", Working Paper.
• Thesis accepted for award of Ph.D. Degree entitled, "An Empirical Testing of Three Parameter Capital Asset Pricing Model in India", in 1996.
• Dissertation accepted as M.Phil (Part II) Course 1991: "An Empirical Study of Two Moment Capital Asset Pricing Model in India".
• Term papers accepted as M.Phil (Part I) Course, 1989:
• "A Review of Arbitrage Pricing Theory".
• "Financing of Village and Small Industries Sector".