For the greater good

XLRI Delhi-NCR Campus

Faculty & Research

XLRI takes pride in having around seventy full-time, faculty across functional disciplines

Dr. Malvika Chhatwani

Functional Area


Brief Profile

Designation: Assistant Professor
Qualification: Ph.D. in Finance and Accounting, IIM Indore
Functional Area: Finance

Note: Currently inviting applications for internships from students interested in behavioral finance, financial intermediation, and household finance. Experience with coding in R, Stata, and Python is preferred.

Work Experience:

Assistant Professor, Jindal School of Banking and Finance, O P Jindal Global University, Sonipat, Haryana.

Assistant Professor, NRVIBMS, Gujarat Technological University, Junagadh, Gujarat.

Research work
Chhatwani M., Mishra S.K., Varma A., Rai H. (2022). Psychological resilience and business survival chances: A study of small firms in the USA during COVID-19. Journal of Business Research, 142, 277-286 (ABDC-A)

Chhatwani M. (2022). Income satisfaction among millennials during COVID-19. International Journal of Social Economics, 49(3), 430-448 (ABDC-B)

Chhatwani M. (2022). Mortgage delinquency during COVID-19: do financial literacy and personality traits matter? International Journal of Bank Marketing, 40(3), 484-510 (ABDC-A)

Chhatwani M. (2022). Does robo-advisory increase retirement worry? A causal explanation. Managerial Finance, 48(4), 611-628 (ABDC-B)

Chhatwani M. (2021). Personal Control and Financial Well-being among the Elderly: Moderating Role of the Big Five. Personality and Individual Differences, 184, 111171 (ABDC-A)

Chhatwani M. and Mishra S.K. (2021). Financial fragility and financial optimism linkage during COVID-19: Does financial literacy matter? Journal of Behavioral and Experimental Economics, 94, 101751 (ABDC-A)

Chhatwani M., Mishra S. K. (2021). Does financial literacy reduce financial fragility during COVID-19? The moderation effect of psychological, economic, and social factors. International Journal of Bank Marketing, 39(7), 1114-1133 (ABDC-A)

Chhatwani, M. (2019). Reflections on theories of market efficiency. Journal of Public Affairs.19(4), 1-5. (ABDC-B)

Chhatwani, M. (2020). Price and volume effects of Nifty 50 index reorganization. Journal of Commerce & Accounting Research. 9(4), 31-36 (ABDC – C)

Chhatwani M. (2021). “Readability and Sentiment Analysis of the NIFTY 50 Annual Reports.” SCMS Journal of Indian Management. (Scopus indexed)

Chhatwani, M. (2021). Affirmative action policy: A longitudinal investigation among socially disadvantaged students. Academy of Management Annual Meeting 2021, USA. (Co-authored)

Chhatwani, M. (2020). Caste and financial literacy among low-income individuals: examining the role of family income and parental education. XIV. International Conference on Family Economics and Financial Education. Athens, Greece. (Co-authored)

Chhatwani, M. (2019). The role of an individual, state and societal factors in financial market participation: evidence from India. IMR Doctoral Conference (IMRDC) 2019-2020. IIM Bangalore, India. (Co-authored)

Chhatwani, M. (2019). Financial literacy, risk-aversion and derivatives market participation. 2019 Research Symposium on Finance and Economics (RSFE 2019). IFMR Graduate School of Business (Krea University), Sri City. India. (Co-authored)

Chhatwani, M. (2019). Social capital and firm performance. 2019 IIM Indore NASMEI Summer Marketing Information Systems Conference. IIM Indore, India

Chhatwani, M. (2019). Board training, board evaluation and firm performance. 10th Conference of Excellence in Education Research. IIM Indore, India. (Co-authored)

Chhatwani, M. (2018). Textual analysis variability within annual reports. Sixth PAN IIM World Management Conference. IIM Bangalore, India.

Chhatwani, M. (2018). Non-expected utility theory and psychological biases. 9th Conference for Excellence in Education Research. IIM Indore, India.

Chhatwani, M. (2017). Price and volume effect on index inclusion and exclusion. 5th Biennial INDAM conference Indian Academy of Management. IIM Indore, India.

Chhatwani, M. (2016). A study on research-oriented teaching and learning. 9th International Conference on Engineering and Business Education (ICEBE) and 6th International Conference on Innovation and Entrepreneurship (ICIE). Gujarat Technological University. Ahmedabad, India.

Chhatwani, M. (2016). Professional dilemma and ethics in management. 5th International conference on Impact of business ethics, governance and CSR on society. Gujarat Technological University. Ahmedabad, India.

Chhatwani, M. (2016). A concept of voluntary information disclosure and regulatory framework in India. National Seminar in collaboration with Research Matrix on contemporary research. Junagadh, India.

Academy of Management Journal Paper Development Workshop at Indian Institute of Management Ahmedabad, Ahmedabad, India.

TAPMI-Max Planck-Soton winter school on bounded rationality at T.A. Pai Management Institute, Manipal, India.

Workshop on Perspectives on research and publication organized as a part of NASMEI summer marketing conference at Indian Institute of Management Indore, Indore, India.

Summer school on Panel Data and Advanced Econometrics at Indian Institute of Management Calcutta. Kolkata, India.

Summer school on Essential Econometrics for Research in Finance (attended as a volunteer for R technical sessions) at Indian Institute of Management Indore, Indore, India.

2nd Journal of Accounting, Auditing and Finance (JAAF) symposium at Indian Institute of Management Ahmedabad. Ahmedabad, India.

Workshop on ‘Doing Business with Czech Republic’ organized by Gujarat Technological University-Centre for Global Business Studies (CGBS). Gujarat Technological University, Ahmedabad, India.