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Meet the Assistant Professor

Bhagya Bhutani

Assistant Professor,
School of Management

Bhagya Bhutani

Email : bhagya.bhutani@bmu.edu.in

  • Graduation In: B.Com (Hons)
  • Graduation From: Maitreyi College, University of Delhi
  • Graduation Year: 2019
  • Post Graduation In: M.Com
  • Post Graduation From: Amity Unversity
  • Post Graduation Year: 2021
  • Doctorate In: Finance
  • Doctorate From: Indian Institute of Technology, Delhi
  • Doctorate Year: Pursuing (Thesis submitted in August 2026)
  • Bhutani, B., & Jain, S. (2026). When Greenwashing Appears to Work: Opposite Risk–Return Effects in the UK and India. Finance Research Letters, 110498.
  • Bhutani, B., & Jain, S. (2025). Navigating three decades: corporate social responsibility, sustainability, and risk. Journal of Business Strategy, 46(5-6), 142-168.
  • Worked on several projects, such as “Evaluating Quality Assurance and Enforcement in Government e-Marketplace (GeM)” and “Impact Assessment of Government-e- Marketplace” under the guidance of Prof. Sonali Jain and Prof. Sanjay Dhir with Minsitry of Commerce and Industry.
  • “Received the Research Scholars Travel Allowance (RSTA) from IIT Delhi to present at the Finance and Accounting (F&A) 2024 Annual Research Symposium, University of Westminster, London, UK, in June 2024, and at the 4th Vietnam

    Symposium in Entrepreneurship, Finance, and Innovation (VSEFI2023), Hanoi, Vietnam, in July 2025”

  • Actively served as a peer reviewer for reputable ABDC journals including International Review of Financial Analysis, Management Decision, and Global Finance Journal as well as the IIM Ahmedabad IMRC (2025 & 2026).
  • Delivered an invited address at the DGI International Conference on Synergy in Progress (2024)
  • Delivered session & participated in the Doctoral Consortium on Teaching, IIM Bangalore (Jan 2025).
  • Presented research titled “Navigating Three Decades: Corporate Social Responsibility, Sustainability, and Risk” at Westminster Business School, United Kingdom, on June 17-18, 2024.
  • Presented study titled, “The Green Fallacy: Investigating the relationship between Greenwashing and Risk at IMRC 2024, organized by IIM Ahmedabad on Dec 7-9, 2024
  • Presented my paper titled “Do Financially Distressed Firms Employ Greenwashing as a Business Communication Strategy?” at MERC 2024, organised by IIM Kashipur, on May 31-June 2, 2024.
  • Presented the paper titled: “The Green Fallacy: Investigating the Relationship between Greenwashing and Firm Risk” at the 4th Vietnam Symposium in Entrepreneurship, Finance & Innovation on July 10-11, 2025.
  • Presented the study titled: “From Cash Flow to ‘Cash Faux’: Does high cash flow volatility promote greenwashing?” at Research Symposium on Finance and Economics (RSFE) 2025, by IFMR GSB, Krea University, on June 11-13, 2025.