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Dr Devendra Kodwani

Staff photo

Senior Lecturer in Finance and Director of the Masters Programme

You can email Dr Devendra Kodwani directly; but for media enquiries please contact a member of The Open University's Media Relations team.

Staff profile

See below for Dr Devendra Kodwani's:

Biography

Devendra joined The Open University Business School in 2004 as a Lecturer in Finance at the Centre for Financial Management. He was previously employed in India at the Indian Institute of Management, Ahmedabad; Gujarat University and the Tolani Institute of Management Studies.

He is a course team member for the  Financial accounting (B291), Financial strategy (B821), which is a specified course in the MBA programme, as well as Issues in international finance and investment (B854), which is a compulsory course in the MSc in International Finance.

His current research focuses on the evolution of regulatory institutions in India. He has been examining the reforms in the electricity, water and telecommunications industries in the UK and India. He is currently engaged in research on institutional endowments and regulatory capabilities in India. His other research interests include corporate governance, management and accounting in utilities, and derivatives. He supervises masters and doctoral students in area of finance. He also contributes to the Open2.net blog accompanying the Money Programme - see his views on tele-marketing and understanding cartels.

He is a panel member for the Association of Certified Chartered Accountants (ACCA) for the Professional Accountant paper, which is part of the ACCA qualification. He is also member of the International Society for New Institutional Economics, an academic member of the European Corporate Governance Institute, and a member of the Indian Society for Technical Education, India, and the American Finance Association.

 

Research interests

Regulatory economics; efficiency/productivity; measurement in utility industries using Data Envelopment Analysis (DEA); privatization of PSU, particularly utilities such as power, water, telecoms and gas; financial economics. I am a contributor to the Open2.net blog accompanying the Money Programme.

Research student supervision

Publications

Journal papers
Datta, S, Kodwani, D, Viney, H  (2013)  'Shareholder wealth creation following M&A: evidence from European utility sectors', Applied Financial Economics, vol. 23, issue 10, pp. 891-900. Abstract
Daniel, EM, Kodwani, D, Datta, S  (2009)  'The impact of ICT-enabled offshoring announcements on share prices', Journal of Enterprise Information Management, vol. 22, issue 3, pp. 241-256. Abstract
Kodwani, D  (2000)  'Economic Regulation of Utility Industries', Economic and Political Weekly, vol. 35, issue 30, pp. 2657-2661. Abstract
Kodwani, D, Gopalkrishnan, C  (1998)  'Power sector reforms: a conceptual framework for rationalization of tariffs', Management Review, vol. 10, issue 3, New York, American Management Association, pp. 69-78.
Dnes, AW, Kodwani, D, Seaton, JS, Wood, D  (1998)  'The regulation of the United Kingdon electricity industry: an event study of price-capping measures', Journal of Regulatory Economics, vol. 13, issue 3, Springer Netherlands, pp. 207-226. Abstract
Wood, D, Kodwani, D  (1997)  'Privatisation policy and power sector reforms: lessons from British experience for India', Economic and Political Weekly, vol. 32, issue 37, pp. 2350-2358. Abstract
Kodwani, D  (1997)  'Action research: bridging the gap between theory and practice', Synergy, S.P. University Journal of Management, vol. 1, issue 2.
Kodwani, D  (1997)  'Action research: bridging the gap between theory and practice', Synerygy, S.P. University Journal of Management, vol. 1, issue 2.
Books
Rutterford, Janette M., Upton, Martin, Kodwani, Devendra (eds)  (2006)  'Financial Strategy: adding stakeholder value, 2nd edition', Chichester, John Wiley and Sons Ltd.
Rutterford, Janette M., Upton, Martin, Kodwani, Devendra (eds)  (2006)  'Financial Strategy (2nd Edition)', Chichester, UK, John Wiley and Sons Ltd. Abstract
Kodwani, D  (1994)  'Capital Markets: a consumers' handbook', New Delhi, Consumer Education and Research Center, Ahmedabad and Friederich Naumann Foundation.
Kodwani, D  (1994)  'Capital Markets: a consumers' handbook', New Delhi, Consumer Education and Research Center, Ahmedabad and Friederich Naumann Foundation.
Book chapters
Kodwani, D  (2010)  'Infrastructure in India', Doing Business In India, Abingdon, Oxford, UK, Routledge, pp. 79-100. Abstract
Kodwani, D  (2009)  'Regulatory challenges in electricity markets in India', Politics Trumps Economics: Political Economy and the Implementation of Competition Law and Regulation in Developing Countries, New Delhi, India, Academic Foundation, pp. 361-409. Abstract
Kodwani, D  (2006)  'Competition and regulation in energy sector in India', Towards a functional competition policy for India, New Delhi, India, Academic Foundation, pp. 189-197. Abstract
Rutterford, JM  (2006)  'Adding value through financing: section overview', Financial Strategy: adding stakeholder value, 2nd edition, Chichester, John Wiley & Sons Ltd, pp. 121-124. Abstract
Rutterford, JM  (2006)  'Adding value through investment; section overview', Financial Strategy: adding stakeholder value, 2nd edition, Chichester, John Wiley & Sons Ltd, pp. 59-61. Abstract
Upton, M  (2006)  'Learning to live with fixed rate mortgages: an evolutionary approach to risk management', Financial Strategy (2nd Edition), UK, Wiley, pp. 285-301.
Rutterford, JM  (2006)  'Trends in finance theory: section overview', Financial Strategy: adding stakeholder value, 2nd edition, Chichester, John Wiley & Sons Ltd, pp. 1-3. Abstract
Rutterford, JM  (2006)  'The World was their oyster: international diversification pre-World War I', Financial Strategy (2nd Edition), Chichester, UK, John Wiley & Sons Ltd, pp. 01/05/24.
Kodwani, D  (2005)  'An Analytical Study of Option Greeks on Derivative Markets in India', Risk management in emerging markets, Basingstoke, UK, Palgrave Macmillan Ltd, pp. 17-34. Abstract
Kodwani, DK  (2002)  'Ensuring good quality management education in India: Role of Educational Markets', Development of Management Education in India, New Delhi, India, Anmol Publications Pvt. Ltd., pp. 28-45. Abstract
Kodwani, D  (2002)  'Good quality management education', Development of management education In India, New Delhi, India, Anmol Publications Pvt. Ltd..
Kodwani, D, Gopalkrishnan, C  (1998)  'Power sector reforms: a conceptual framework for rationalization of tariffs', Jayachandran, C, Balasubramanian, N and Dastagir, SM (eds) Managing Economic Liberalisation in South Asia; Directions for 21st Century, New Dehli, Macmillan India Limited.
Kodwani, D  (1997)  'Privatisation issues and methods: lessons from British experience for India', Titus V, (ed.) Economic Liberalisation: its impact on Indian economy, business and society, Kansas, USA, Association of Indian Economic Studies.
Kodwani, D, Wood, D  (1997)  'Privatisation issues and methods: lessons from British experience for India', Economic Liberalisation: its impact on Indian economy, business and society, Kansas, USA, Association of Indian Economic Studies, pp. 61-74. Abstract
Kodwani, D, Gopalkrishnan, C  (1994)  'Restructuring PES: the case of a public utility', Managing Transition, New Delhi, India, Wiley Eastern Limited, pp. 361-375.
Kodwani, D, Gopalkrishnan, C  (1994)  'Restructuring PES: the case of a public utility', Managing Transition, New Delhi, India, Wiley Eastern Limited, pp. 361-375.
Kodwani, D, Gopalkrishnan, C  (1994)  'Restructuring public enterprises: case of a public utility', Gupta, NK and A Ahmad (eds) Managing Transition, New Delhi, Wiley Eastern Limited.
Conference papers
Kodwani, D  (2010)  'Governance mechanisms for telecommunications and electricity industries in India: 19th Century to 21st Century', International Conference on Regulation and Competition Policy for Development: Practice and Challenges, University of Jordan, Amman.
Moro, A, Lucas, MR, Kodwani, D  (2010)  'Small and medium sized enterprises (SMEs) and their cost of capital', International Conference on Management of SMEs 2010, Nagpur, India. Abstract
Moro, A, Lucas, MR, Kodwani, D  (2010)  'SMEs and Banks: Investigating the link between trust and the pledging of personal collateral', International Conference on Business and Finance, Hyderabad, India. Abstract
Moro, A, Kodwani, D  (2010)  'Trust me, I'm an entrepreneur! Can trust help SMEs to gain the credit they need?', 5th Workshop on Trust within and Between Organisations, Madrid, Spain. Abstract
Kodwani, D, Schillinger, M  (2009)  'Accounting judgement test and teaching of ethics', Moral and Social Action Interdisciplinary Colloquium, Universität Konstanz, Konstanz.
Datta, S, Kodwani, D  (2009)  'M&A in utilities in Europe: testing for agency and hubris hypotheses', ESRC Conference on Corporate Governance and Development, Birmingham Business School.
Datta, S, Kodwani, D, Viney, HP  (2008)  'Market for corporate control and privatised utilities', European Financial Management Association Annual Conference, Athens, Greece.
Kodwani, D  (2007)  'Regulatory institution and regualtory practice: issues in electricity tariff determination in reformed electricity industry in India', ISNIE 2007, International Society for New Institutional Economics, 11th Annual Conference, University of Iceland, Reykjavik, 21-23 June.
Kodwani, D  (2006)  'Infrastructure regulation and institutional endowments in India: comparative analysis of telecom and electricity regulation policies', International Society for New Institutional Economics Conference, Boulder, USA, 20-24 September.
Kodwani, D  (2004)  'Analytical study of Greek options on Indian derivatives markets', International Conference on Emerging Markets and Global Risk Management, Westminster Business School, London, June.
Kodwani, D  (2000)  'Measurement of efficiency in the electricity supply industry: an analysis of State electricity boards in India', International Symposium on Economic Policies and Development, Indira Gandhi Institute of Development and Research, Mumbai, July.
Kodwani, D  (1999)  'Accountability of the teaching community in higher education', Seminar on Education in the New Millennium: a Futuristic View, Tolani College of Arts and Science, Adipur, August.
Wood, D, Kodwani, D, Barrar, P  (1997)  'Benchmarking water utilities' performance', European Productivity Workshop, Royal Agricultural University, Copenhagen, Denmark, October.
Wood, D, Kodwani, D  (1996)  'Anticipation of regulatory changes: the first periodic review of privatized water companies in England and Wales', European Financial Management Association Conference, Innsbruck, Austria, June.
Wood, D, Kodwani, D  (1996)  'Privatisation issues and methods: lessons from British experience for India', International Conference on Economic Liberalization: Its Impact on Indian Economy, Business and Society, Bombay, May.
Other
Kodwani, D  (2010)  'Understanding the market', issue 01/05/10, Video Blog for OpenLearn.
Kodwani, D  (2009)  'A brief history of... business collapses', issue 1 Sept, blog for OpenLearn.
Kodwani, D  (2009)  'Past success and short termism trump foresight and wisdom', issue 13/03/10, Blog for the BBC's The Bottom Line.
Kodwani, D  (2008)  'Sovereign wealth to the rescue', issue 29/07/10, Blog for the BBC's The Money Programme.
Kodwani, D  (2007)  'Freezing out the cold callers', issue 22/10/10, Blog for the BBC's The Money Programme.
Kodwani, D  (2006)  'Airlines face the Prisoner's Dilemma', issue 09/10/10, Open2net article for the BBC's Money Programme.
Kodwani, D  (2002)  'Education: the role of the markets, Second BR Shenoy Essay Competition 2001, Winner of first prize in general public category', New Delhi, India, Centre for Civil Society.