Faculty Detail Page

madhuvij@hotmail.com's picture
About Me:
Dr Madhu Vij is a Professor of Finance at the Faculty of Management Studies, University of Delhi where she has been teaching for over three decades. Her professional and teaching interests include the areas of International Finance, Risk Management, Banking and Financial Services, Corporate Finance and Accounting.  She has received the Alumni Excellence award from Shri Ram College of Commerce, University of Delhi. Dr Vij has participated and attended the Global Colloquium on ‘Participant Centered Learning’ at Harvard Business School, Boston, USA. Prof Vij was on the Panel of Judges for award of PM’s trophy for selecting the best steel plant for 2 years (2011-2013) and has also been a member of Ad-Hoc Task Force, Results Framework Document (2011-2013). Dr. Madhu Vij has been an Independent Director of MOIL Limited. Currently, she is an Independent Director for four private limited companies. 
Prof Vij’s research interests include asset liability management, country risk analysis, derivatives, foreign exchange risk management, treasury management, corporate valuation, credit ratings and financial crisis, currency correlation and corporate governance. She has completed a number of projects sanctioned by National bodies like UGC, RBI, ICSSR, SAIL and Delhi University. She serves on the editorial board and is also a reviewer for several academic journals, national and international conferences. 
Prof Vij had been the Director, Women’s Studies and Development Centre, University of Delhi for one year (June 2012 to July 2013).  She is actively involved in working on Gender issues, has delivered special talks in this area and has also worked on a project on ‘Microfinance and Gender’. 
She has published several research papers in International and national Journals of repute and has presented papers globally in in the field of banking and finance. She has authored four books namely Multinational Financial Management, Management Accounting, Management of Financial Institutions anda book on Corporate Finance for NIIT for MBA participants for ITT, USA. She has also co-authored two books – one on‘Merchant Banking and Financial Services’ and the second one on ‘Women's Studies in India: A Journey of 25 Years.
Dr Vij isactively involved in research, consultancy and training for several leading public and private organizations in the areas of Project Management, Strategic Financial Management, Case based method of learning and teaching, Finance for Non finance managers. 
M.Com. M.Phil. Ph.D.
Academic Experience:
Teaching at Faculty of Management Studies since December 1978 Taught at Lady Shri Ram College, University of Delhi from August 1977 to November 1978
Areas of Interest/Specialisation:
¬Risk management - International Financial Management ¬ Banking, Corporate Finance ¬ Management and Cost Accounting ¬ Management of Financial Services ¬ Financial Accounting ¬ Management of Financial Institutions ¬ International Financial Markets ¬ Risk Management Behavioural Finance
Books/Working Papers:
1. Vij, Madhu and Dhawan, Swati, Merchant Banking and Financial Services, Second Edition, Tata McGraw Hill,2017, 2011. 2. Women’s Studies in India – A Journey of 25 Years, Rawat Publications, 2014, ISBN 978-81-316-0634-6 Author: Madhu Vij, Manjeet Bhatia, Shelly Pandey (Eds.) 3. Vij, Madhu, Management Accounting, New Delhi, First Edition, Excel Books, October, 2013 4. Vij, Madhu, Multinational Financial Management, Third Edition, New Delhi: Excel Books, 2010, 2003, 2001. 5. Vij, Madhu, Management Accounting, New Delhi, First Edition, McMillan India Ltd, 2008. 6. Vij, Madhu, Corporate Finance, New Delhi: NIIT, 2004. Also authored and designed full online version and CD-Rom of the book, delivered through internet, for online MBA participants for ITT, USA
Other Professional Experience:
Special Assignments 1. Director, Women Studies and Development Centre, University of Delhi, June 2012-July 2013. 2. Independent Director in MOIL Limited, a Mini Ratna PSU from 25-06-2010 to 24-06-13. 3. Member of Ad Hoc Task Force (ATF), Result Framework Document (RFD), Performance Management Division, Cabinet Secretariat, Government of India, 2012, 2013. 4. Attended the "International Board Convention Research, organised by the Institute of Public Enterprise (IPE), Hyderabad and the Institute of Business Research, University of Waikato, New Zealand, 9 and 10 February, 2012 at the Le Meridian, New Delhi. 5. Member, National Skill Development Corporation to Review the B.Voc Course Curriculum on Banking, Financial Services and Insurance, 2017
Papers Presented:
1. Paper presented jointly with Dr Rachan Sareen (2014), “Determinants of Corporate Credit Ratings in India”, at Fore International Finance Conference (FIFC), organized by Fore School of Management, New Delhi, Nov 26-27, 2014. 2. Vij, Madhu and Bawa, Manpreet,(2013) ‘Compliance with Corporate Governance norms – A Study of Foreign Banks in India,’ Paper accepted for the Asian Conference on Corporate Governance and Business Sustainability’ Bangkok, October 7, 2013 – October 9, 2013. 3. Vij, Madhu and Kapoor, M.C. ‘Net Interest Margin and Asset Liability Management of Banks in India: An Empirical Investigation’ Paper accepted for presentation as well as for publication in the proceedings for the 12th International Conference on Global Business and Economic Development (SGBED), Singapore, July 21-23, 2011 4. Vij, Madhu and Dhawan, Swati “Interest Rate Derivatives and Determinants of Bank Performance in India: A Comparative study of Public, Private and Foreign Banks.” Paper presented at the India Finance Conference held at the Indian Institute of Management Bangalore, December 21 -23, 2011. 5. Vij, Madhu and Gunjan Sanjeev ‘Financial Risk, Interest Rate volatility and Asset Liability Management of Banks in India: An Empirical Study’ Paper presented at the International Finance Conference, January 9-12, 2011, IIM Calcutta. 6. Vij, Madhu, and Saurabh Agarwal “A Simplified Algorithm for Multi-objective Portfolio Optimisation” Paper presented at the 2nd IIM Ahmedabad International Conference on Advanced Data Analysis, Business Analytics and Intelligence, January 8-9, 2011.
Research Papers/Projects:
1. Shalu Mahajan and Madhu Vij (2016), ‘A Comparative Study of Profitability Determinants of Banks in India’ Vol 7, No 1, Jan –April 2016, IIMS, Journal of Management Science, ISSN 0976-030X. 2. Vij,Madhu & Dhawan, Swati, (2015), Vol 4, No 5 ‘Financial Characteristics And Derivative Usage By Commercial Banks In India – Examining The Differences Between Users And Non Users’ The International Research Journal of Economics and Business Studies, ISSN : 2251-1555, Vol 4(5), pp 82-90. 3. Dhawan, Swati and Vij, Madhu, (2015) ‘Relationship between Market Structure, Efficiency and Performance in Indian Banking Industry,’ Indraprastha Journal of Management, Vol 3 No 2, July-December, 2015,3(2), pp 101-108. ISSN 2454 -4175. 4. Rachan Sareen and Madhu Vij, (2015) ’Determinants of Corporate Credit Ratings: An Empirical Analysis of Indian Companies in the manufacturing sector’ Business Analyst, Vol 36 Issue2 October 2015-March 2016, ISSN No 0973-211X. 5. Jawahar lal, Madhu Vij and Sonali Jain, (2015) ‘Do Demographics Influence Customer Service Quality Perceptions? A comparative study of Indian and Foreign banks?’ Journal of Services Research, Vol 14, No 2, October 2014-March 2015, ISSN 0972-4702. 6. Madhu Vij and Manmeet Kaur (2014), ‘Compliance with Corporate Governance Norms – A Study of Foreign Banks’ published in Institute of Public Enterprises Journal of Management, Jan-June, 2014, Vol 4, No 1. ISSN –2249-9040. 7. Venugopalan T. and Madhu Vij, (2014) “Agency Cost, Growth Options, and Debt Maturity in the Indian Corporate Sector,” Indian Journal of Finance, 8(1), 29 – 42, Volume 8 , Number 1, January 2014. ISSN 0973 – 8711 8. Venugopalan, T and Vij, Madhu (2014), ‘Signaling Hypothesis, Asymmetric Information and Debt Maturity in Indian Corporate Sector’ Asian Journal of Research in Banking and Finance Vol. 4, No. 3, March 2014, pp. 5-27. ISSN 2249-7323. 9. Venugopalan, T and Vij, Madhu (2013), ‘Liquidity Risk and Debt Maturity in Indian Corporate Sector’ International Journal of Contemporary Business Studies, Vol: 4, No: 5 May, 2013 ISSN 2156-7506. 10. Narang, Sunita and Vij, Madhu, (2013) ‘Long-Term Effects of Expiration of Derivatives on Indian Spot Volatility’ ISRN Economics, Volume 2013 (2013), Article ID 718538, 6 pages, 2013. 11. Vij Madhu (2012), ‘A survey of factors influencing cost structures in the Indian hotel sector,’ Worldwide Hospitality and Tourism Themes, Vol. 4 Issue 5, pp.449 – 462, Emerald Group Publishing Limited. 12. Vij Madhu and Aggarwal, Saurabh,(2011) ‘Advances in Theory on Portfolio Choice,’ Journal of Managerial Finance and Research, July-Dec 2011. Research Projects 1. Project Sanctioned by University of Delhi on ‘Capital Budgeting and Capital Structure Decisions: A Practical Approach’ 2015-2016, Amount Sanctioned Rs 1,20,000, 2015-16. 2. Project completed and submitted to University of Delhi on ‘Cost Structures and Management in the Hospitality Industry - A Survey Approach’, 2014-15., Amount sanctioned Rs 70,000 3. Project sanctioned by University of Delhi on ‘Interest rate risk and Liquidity risk management in banks – A new framework’, Amount sanctioned – Rs 75,000, 2013-2014. 4. Project sanctioned by University of Delhi on Micro-Finance and Gender, 2012-2013. 5. Major Project sanctioned by University Grants Commission, New Delhi on “Interest Rate Risk and Asset Liability Management of Banks in India: An Empirical Study” in February, 2011, Amount sanctioned Rs 2,18,000. 6. Project sanctioned by Indian Council of Social Science and Research (ICSSR), New Delhi on “Foreign Exchange Exposure Management Practices of Indian Firms: An Empirical Analysis, in March, 2011, Amount sanctioned Rs 3,49,375. 7. Project sanctioned by University of Delhi on “Asset Liability management of Banks in India” 2011-2012.
Research interests:
- Risk management - Enterprise risk management and Financial risk management International Financial Management ¬ Banking, - Corporate Finance ¬ Management and Cost Accounting ¬ Management of Financial Services ¬ Financial Accounting ¬ Management of Financial Institutions ¬ International Financial Markets ¬
Work in Progress/Assignment Undertaken:
Special Administrative Assignments 1. Member, NAAC Infrastructure Sub Committee, University of Delhi, 2016, 2017, 2018 2. Member, National Board of Accreditation. 3. Member, Internal Quality Assurance Cell (IQAC), under NAAC, Shri Ram College of Commerce, Delhi University. 4. Member, Internal Quality Assurance Cell (IQAC), under NAAC, Mata Sundri College for Women, Delhi University 5. Chairperson, North Eastern Students House for Women, Delhi University, 2016, 2017, 2018. 6. Member, Managing Committee, Meghdoot Hostel, University of Delhi, 2016, 2017, 2018. 7. Chairperson, Sub-Committee on Payment Gateway (under the Admission Committee, Delhi University, 2017). 8. Chairperson, Payment Gateway Committee, Faculty of Management Studies, 2015, 2016, 2017. 9. University Representative, Board of Research Studies, Social Sciences, University of Delhi, 2016, 2017. 10. Member of Academic Council, Indian Institute of Foreign Trade, 2008, 2009, 2010, 2011, 2012. 11. Member of Governing Body, Lady Shri Ram College for Women, University of Delhi, 2012, 2013. 12. Member of Governing Body, Jesus and Mary College, University of Delhi, 2011,2012. 13. Member of Managing Committee, Meghdoot Hostel, University of Delhi, 2011-2016.