Prof. Jayanth R. Varma: Recent Research

This page covers the period from 2015 onwards.
Earlier work is available here and at the other links on the bottom of this page.
The Indian Fama-French-Momentum Website is here


Papers and Book Chapters from 2015

"Asymmetric Uncertainty Around Earnings Announcements: Evidence from Options Markets", American Business Review (2024), 27(2), 459-487 (with Sumit S., Agarwalla, S. K.) [Abstract]

"Measuring Going Concern Viability and the Effect of Interim Financing Under the Indian Insolvency and Bankruptcy Code, 2016", Asian Journal of Law and Economics (2024), (with Agarwal, Anant) [Abstract]

"Role of derivatives market in attenuating underreaction to left-tail risk", Journal of Futures Markets (2024), 44, 484-517 (with Sumit S., Agarwalla, S. K.) [Abstract]

"Harvesting the volatility smile in a large emerging market: A Dynamic Nelson–Siegel approach", Journal of Futures Markets (2023), 43, 1615–1644 (with Kumar, S., Agarwalla, S.K., Virmani, V.) [Abstract]

"Belief distortion near 52W high and low: Evidence from Indian equity options market", Journal of Futures Markets (2023), 43, 1531–1558 (with Sumit S., Agarwalla, S. K.) [Abstract]

"Choice of margin period of risk and netting for computing margins in central counterparty clearinghouses: a Monte Carlo investigation", Journal of Financial Market Infrastructures (2021), 10(2) (with Virmani, V.) [Abstract]

"Lottery and bubble stocks and the cross-section of option-implied tail risks", Journal of Futures Markets (2021), (with Agarwalla S.K., Saurav, S.) [Abstract]

"Rational repricing of risk during COVID‐19: Evidence from Indian single stock options market", Journal of Futures Markets (2021), (with Agarwalla S.K., Virmani, V.) [Abstract]

"The impact of COVID-19 on tail risk: Evidence from Nifty index options", Economics Letters (2021), (with Agarwalla S.K., Virmani, V.) [Abstract]

"Betting Against Beta in the Indian Market", in Mishra A.K., Arunachalam V., Mohapatra S., Olson D. (eds) The Financial Landscape of Emerging Economies (2020), (with Agarwalla S.K., Jacob J., Vasudevan E.) [Abstract]

"Blockchain in Finance", Vikalpa, 44.1 (2019) 1-11 [Abstract]

"Informed trading around earnings announcements - Spot, futures, or options?", Journal of Futures Markets, 39.5 (2019) 579-589 (with Sonali Jain, Sobhesh Kumar Agarwalla and Ajay Pandey) [Abstract]

"Indian equity options: Smile, risk premiums, and efficiency", Journal of Futures Markets, 39.2 (2019), 150-163 (with Sonali Jain and Sobhesh Kumar Agarwalla) [Abstract]

"Bitcoin and Blockchain", Global Business Press Expert Insights, 2018 [Abstract]

"Structured Products for Corporate Risk Management", Global Business Press Expert Insights, 2018 (with Vineet Virmani) [Abstract]

"Size, Value, and Momentum in Indian Equities", Vikalpa, 42(4), October-December 2017, 211–219 (with Sobhesh Kumar Agarwalla and Joshy Jacob) [Abstract]

"Finance in a World of Negative Rates", Global Business Press Expert Insights, 2016 (with Vineet Virmani) [Abstract]

"Computational Finance Using QuantLib-Python", Computing in Science & Engineering, 18.2 (2016): 78-88 (with Vineet Virmani) [Abstract] [Full Text - PDF (Accepted Paper Version) ]

"Financial Literacy among Working Young in Urban India", World Development, Volume 67, March 2015, Pages 101–109 (with S. K. Agarwalla, S. K. Barua and J. Jacob) [Abstract] [Full Text - PDF (Working Paper Version) ]


Cases from 2015

Chara Technologies Pvt Ltd: Seed Funding Challenges Before the Investment Committee  Case written in 2024 Abstract

WeWork: Public versus Private Markets  Case written in 2023 Abstract

Nayan Parikh & Consultants: Loan against Shares  Case written in 2021 Abstract

Governance at ICICI Bank: Chairman's Dilemma  Case written in 2021 Abstract

Startup Financing Issues  Case written in 2021 Abstract

Northern Textiles Limited (A)  Case written in 2021 Abstract

Northern Textiles Limited (B)  Case written in 2021 Abstract

Reliance Communications: On the Brink of Bankruptcy  Case written in 2021 Abstract

Prime Broking Default at the National Stock Exchange (with Sobhesh Agarwalla)  Case written in 2020 Abstract

Tezos: Governance in the Cryptocurrency World (with Samir Barua)  Case written in 2020 Abstract

Swap Curve Steepener (with Vineet Virmani)  Case written in 2017 Abstract

Hundred Million Dollar Beta (with Vineet Virmani)  Case written in 2016 Abstract

Swiss Roll - A (with Vineet Virmani)  Case written in 2016 Abstract

Swiss Roll - B (with Vineet Virmani)  Case written in 2016 Abstract

Angels and Crowds (with Joshy Jacob)  Case written in 2015 Abstract


Committee Reports from 2015

Committee on Financial Sector Statistics, 2018
National Statistical Commission, Government of India
Report of the Committee on Financial Sector Statistics PDF File