Qualification: 
PGDM, CAIIB, BCom
n_smitha@asb.kochi.amrita.edu

Smitha is currently pursuing her part time PhD from Amrita Vishwa Vidyapeetham and working as Assistant Professor in the Finance area at the institution’s MBA programme at Kochi campus. She is a graduate in Actuarial Science and a post graduate in Management. She is also a Certified Associate of Indian Institute of Bankers. She has 9 years of BFSI experience and 7 years of teaching experience. Smitha’s research interests are mainly in financial economics area focusing on commercial banking and shadow banking.

Papers Presented 

January2-5, 2015 Measuring and Explaining Efficiency of Indian Banking Sector in the 12th AIMS International Conference on Management, IIM Kozhikode.
December 16-18, 2015 Loan Loss Provisions And Earnings Management By Indian Commercial Banks" in the 2015 IMRA - IIMB International Conference, IIM Bengaluru.
December 16-18, 2015 Income Diversification and Risk Adjusted Performance: An Indian Banking Sector Perspective in the 2015 IMRA - IIMB International Conference, IIM Bengaluru.
January 4-6, 2016 Business Models and Performance: An Indian Banking Industry Perspective in  the 52nd Annual Conference of The Indian Econometric Society (TIES) organized by Indian Institute of the Management, Kozhikode
February 18-19, 2017 Religious Affiliation and Bequest Behaviour in the 4th International Conference on Spirituality & Skills for Leadership and Sustainable Management organized by SMS Varanasi

Publications

Publication Type: Journal Article

Year of Publication Title

2020

Smitha Nair, V. Gopikumar, K., V. P., Gopakumar, S., and Gil, M. Thomas, “A contingency model of board characteristics and foreign institutional investor ownership: the moderating role of firm size and market valuation”, Cogent Economics & Finance, vol. 8, 2020.[Abstract]


We investigate the governance sensitivity of foreign institutional investors’ (FII) ownership in a large emerging market setting of India, characterized by highly concentrated insider ownership. More specifically, we focus on the moderating role of firm size and price to book value (PB) in determining the relationship between FII ownership and board characteristics, such as board size, outside director ratio, CEO duality, and board meeting attendance. Our methodology emphasizes the importance of contextual analysis in studies relating to institutional investors’ preferences. We find that FIIs prefer bigger boards and greater board independence in larger and growth firms (higher PB). Further, FIIs prefer firms that have separate CEO and Chairman of the board positions in growth firms.

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2020

V. Gopikumar, Smitha Nair, Krishnan, A., and R., S. V., “A Comparison of the Return Forecasting Power of Domestic and International Equity Investors: Evidence from India”, International Journal of Management Concepts and Philosophy (ABDC - C Category), vol. 13, no. 1, 2020.[Abstract]


Emerging markets have benefited from positive cross-border flows primarily due to a favourable growth differential relative to similar markets. However, the benefits from international flows have been sub-optimal due to the relatively weak information environment. In this paper, we compare the return forecasting power of international and domestic institutional investors using a comprehensive equity holdings dataset of Indian firms for the period 2001-2017. Each year-quarter, we run separate cross-sectional regressions of one-quarter ahead stock returns on the level holdings of domestic and foreign investors and several control variables. The results show that international institutional investors are at a disadvantage relative to domestic institutions in predicting future returns. Further, the predictive power of domestic institutional investor demand is superior for firms in the smallest size quartile relative to the largest size quartile.

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2019

V. Gopikumar, Smitha Nair, S., S., and R., S. V., “Financial strength information and institutional investor demand: Evidence from India”, Cogent Economics & Finance, (ABDC - B Category), 2019.

2019

Smitha Nair, V. Gopikumar, Ajith, A., and R., S. V., “Exploring Bequest Intentions of Indian Households”, Cogent Economics & Finance (ABDC - B Category), 2019.

2018

V. Gopikumar, Smitha Nair, and R., S. V., “Business model and financial performance: evidence from Indian banking industry”, Int. J. Management Concepts and Philosophy (ABDC - C Category), 2018.

2018

S. V. R., V. Gopikumar, Smitha Nair, and J., A., “Assessment of Critical Failure Factors (CSFs) of Lean Six Sigma in real life scenario: Evidence from Manufacturing and Service Industries”, Benchmarking: An international Journal (ABDC - B Category), 2018.

2017

Smitha Nair, Amrutha, S., V. Gopikumar, and Sandhya G., “Religious Affiliation and Bequest Behavior”, Purushartha: A Journal of Management Ethics and Spirituality, vol. 10, no. 2, 2017.[Abstract]


Bequest behavior is a highly delicate and complex subject which requires considerable attention by researchers across all disciplines including economics, sociology and psychology. Studying the motives behind bequests becomes critical not only from a socio-psychological perspective but also from a policy
perspective. This paper attempts to explore the socio- economic reasons which influence the intention to bequest focusing specifically on the effect of religious affiliation. This study uses survey data from India to test the hypotheses drawn from the anthropology, sociology and consumer behavior literature using logistic regression technique. The results indicate that self-interest negatively impacts the probability of leaving a legacy. Surprisingly, the study finds evidence for negative relationship between religious affiliation and leaving a bequest. This study also reveals that unmarried women are less likely to leave a bequest. Unlike in the philanthropic literature, the research could not find satisfactory evidence of altruism and social norms driving bequest behavior among Indians.

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Publication Type: Conference Proceedings

Year of Publication Title

2017

Sandhya G., V. Gopikumar, Smitha Nair, and S., A., “Religious Affiliation and Bequest Behaviour”, 4th International Conference on Spirituality & Skills for Leadership and Sustainable Management. SMS Varanasi, 2017.