Monika  Chopra

Specialization
:
Finance and Accounting
Designation
:
Associate Professor
Email
:
monika.chopra@imi.edu

Monika  Chopra

Phd., CFA

Monika  Chopra

Institution

Role

Period

International Management Institute (IMI), New Delhi

Associate Professor

Jan 2022 – Present

International Management Institute (IMI), New Delhi

Associate Professor

Sep 2017 – Jan 2022

Lal Bahadur Shastri Institute of Management, New Delhi

Senior Assistant Professor

Sep 2014 – Aug 2017

IIM Amritsar (under IIM Kozhikode umbrella)

Visiting Faculty – Business Valuation

2017–18

ICFAI Business School (IBS), Gurgaon

Assistant Professor

May 2008 – Aug 2014

Delhi Productivity Council's Institute of Management

Assistant Professor

Sep 2004 – May 2008

Monika  Chopra

Monika Chopra is a CFA from CFA institute USA. She has done PhD in Finance from Guru Gobind Singh Indraprastha University, Delhi and M.B.A (Finance) with distinction from Guru Nanak Dev University, Amritsar. Previously, she was associated as a faculty at Lal Bahadur Shastri Institute of Management, New Delhi and has a total teaching Experience of 15 years. She is also a regular member of CFA institute and volunteer in the core committee of CFA institute research challenge in India. Several of her cases have been published at Harvard and ET cases. She has written various research papers which have been published in national and international journals. She is also a co-author two books viz. “Financial Markets, Institutions and services” and an edited book on “Indian Capital Market: An Empirical Study.”

She has conducted various workshops on Finance for Non Finance Executives and various MDPs on Issues like Business Valuation as well as organized series of National Conferences on Indian Capital Markets. Her teaching interests include, Security Analysis, Portfolio Management, Corporate Finance, Business Valuation & Financial Analysis.

Monika  Chopra

  • Chopra, M., Kapuria, S. (2026). Do ESG indices offer resilience to geopolitical shocks? Evidence from contagion between DAX and emerging markets during the Russia-Ukraine War. Humanities and Social Sciences Communication (2026). https://doi.org/10.1057/s41599-026-08537-6; BMA Q1 (This article is in the 1st percentile (ranked 127,335th) of the 151,504 tracked articles of a similar age in all journals and the 1st percentile (ranked 45th) of the 81 tracked articles of a similar age in Humanities and Social Sciences Communications)
  • Pathak & Chopra. Pathak, D., & Chopra, M. (2026). Steering sustainability: the role of institutional ownership in ESG disclosure: a study of the US stock sectors. Society and Business Review, 21(3), 393-423.(ABDC B), (BMA Q1)
  • Mehta, C., & Chopra, M. (2025). Do Green Stars Shine Bright? Market Reaction to Carbon Disclosure Project ‘A’List Inclusion. Global Business Review, 09721509251404252. (Online first) (ABDC B).
  • Chopra, M., Mehta, C., Lal, P., & Srivastava, A. (2024). Does the big boss of coins—Bitcoin—protect a portfolio of new-generation cryptos? Evidence from meme coins, stablecoins, NFTs, and DeFi. China Finance Review International, 14(3), 480-521. (ABDC A) (The article has been among the top-cited articles for this journal for the last 12 months)
  • Chopra & Mehta (2023). Going green: Do green bonds act as a hedge and safe haven for stock sector risk?. Finance Research Letters, 51, 103357. (IF: 9.848, ABDC A, WOS & Scopus).
  • Chopra & Mehta (2022). Is bitcoin a diversifier, hedge or safe haven for traditional and alternate asset classes?. Cogent Economics & Finance, 10(1), 2156092.(ABDC B, WOS & Scopus).
  • Chopra & Mehta (2022). Is the COVID-19 pandemic more contagious for the Asian stock markets? A comparison with the Asian financial, the US subprime and the Eurozone debt crisis. Journal of Asian Economics, 79, 101450. (IF: 2.159, ABDC B, WOS & Scopus).
  • Chopra Monika and Saldi Rupish (2022) Investment in Bitcoin: A Delusion or Diligence? Indian Journal of Finance, 16(7) 8-22, Scopus indexed (cite score: 1.6), (ABDC C; Scopus indexed)
  • Chopra, M., Mehta, C., & Srivastava, A. (2021). Inflation-linked bonds as a separate asset class: Evidence from emerging and developed markets. Global Business Review, 22(1), 219-235. (ABDC B, Scopus & WOS indexed).
  • Chopra Monika & R. Saldi (2019) Are Stock Returns Persistent? Study on Asian Stock Exchanges, Afro-Asian J. Finance and Accounting, 9(2) 141-166, (ABDC C; Scopus indexed)
  • Chopra Monika & R. Saldi (2019): Insurance Development and Economic Growth: Evidence from India, Indian Journal of Finance, March 13(3) 36-51. (ABDC C; Scopus indexed)
  • Chopra & Miglani (2018). Do stock markets acceptably reflect earnings manipulation? Analysis of Indian manufacturing firms. Decision, 45(3), 271-280.(IF:1.4; ABDC C; WOS indexed).
  • Chopra (2018). An Analysis of Spillover of Return and Asymmetric Spillover of Volatility between NIFTY and India VIX. South Asian Journal of Management, 25(2), 90. (ABDC C).

 

 

Accepted Papers:

Chopra & Mehta (2026). Hedging and Safe Haven Properties of Green Bonds and Sovereign Climate-transition-aligned Bonds: Evidence from Chinese Stock Sectors; under second review cycle, Global Business Review; ABDC B, accepted on August 27, 2026.

Monika  Chopra

  • Chopra Monika & R. Saldi (2018); Bitcoin: Study of Persistence & hedging effectiveness, Submitted for presentation at PAN-IIM conference at IIM Bangalore.
  • Managing Change in Evolving Economic Scenario: MDI Gurgaon: 5-6th December 2017, Presented a paper titled, "Long Memory Effect across Asian Stock Markets"
  • India Finance Conference: IIM Bangalore, December 20-22, 2017, presented a paper titled, "Do Earnings Quality Make Stocks Winners or Losers? Study of Indian Manufacturing Firms”
  • Insurance Development and Economic Growth: Evidence from India (2017), Presented at National Conference on Indian Economy: Issues and Challenges, hosted by Master of Business Economics (MBE), 28th February 2017; University of Delhi.
  • A Study of Information Content of Initial Returns and Long Run Performance of Initial Public Offerings: Evidence from India; Seventh National conference on Capital Markets at IBS Gurgaon - 2013 and was conferred with the best paper award
  • Impact of Merger & Acquisition on Productivity of Indian Banks; Sixth National conference on Capital Markets at IBS Gurgaon – 2012
  • An Empirical Study of overseas financing by India Inc. through Depository Receipts and FCCBs: Analysis of Linkages among Critical Factors and impact on Stock Price Returns Fourth National conference on Capital Markets at IBS Gurgaon - 2010 and was conferred with the best paper award PhD Thesis Doctoral Confluence held at IBS Gurgaon - 2009 and was adjudged as the best thesis
  • A Comparative Analysis of Portfolio Selection Techniques: Evaluation of Individual Valuation Models and Multi- Index Model; Third National conference on Capital Markets at IBS Gurgaon – 2009

Monika  Chopra

  • Area Chair – Finance & Accounting, IMI Delhi (2023–Present): oversees curriculum design, faculty coordination, and research strategy across the department.
  • Program Chair – PGDM 18-Month Program, IMI Delhi (2024–Present).
  • Chairperson – PGDM Banking & Financial Services (BFS) Program, IMI Delhi (2018–2023): built and branded a specialized postgraduate program; organized industry interaction series; delivered webinar for CFA Institute US on Career Insights–Academia.
  • Established 'Sahyog' – a student-managed investment and welfare fund at IMI Delhi in 2026
  • Co-designed and delivered a six-month online ESG & Sustainability Strategy program for working executives; subsequently engaged by Max Healthcare to support ESG implementation at CXO and operational levels in 2025-2026.
  • Director, Board of Directors, CFA Society India (2021-2026): oversees Investment Research Challenge, Ethics Challenge, and Women in Finance initiatives.
  • Director, Board of Directors, 'Sahyog' – a student-managed investment and welfare fund at IMI Delhi