N.M. Leepsa

Dr. Leepsa Nabaghan Madhabika is a faculty in Business Administration and Business Communication at ASU@ Lake Havasu City. With six years of teaching and twelve years of research experience, Dr. Madhabika has supervised and mentored undergraduate, graduate, and doctoral level students.

Dr. Madhabika holds a Ph.D. in finance from the Indian Institute of Technology Kharagpur. Dr. Madhabika also holds Master of Philosophy, Master of Commerce, and Bachelor of Commerce degrees. Dr. Madhabika earned three gold medals in her Master of Commerce degree (Finance) and Accountancy honors in her undergraduate degree.

Dr. Madhabika has attended and presented research papers in Singapore, Malaysia, South Korea, India, and the United States. Publications include thirty-four research articles, thirty-seven conference proceedings, five case studies, one book review, one book chapter, and four poetry books. She has received several awards for case writing, poetry and has served as an Editorial Advisory Board member for the Asia-Pacific Finance, Accounting Review, and Asia-Pacific Marketing Review Journals. Dr. Madhabika has also been a peer reviewer for several journals and a Chair for conference concurrent sessions. Her teaching and research interests focus on Mergers and Acquisitions, Corporate Finance, Cost and Management Accounting, and Financial Accounting.


  • Ph.D. 2014

    Doctor of Philosophy in Management (Finance)

    Vinod Gupta school of Management, Indian Institute of Technology Kharagpur

  • Master 2008

    Master of Philosophy in Commerce (Accounting & Finance)

    Department of Commerce, Ravenshaw University

  • Master 2007

    Master of Commerce (Finance)

    Post Graduate Department of Commerce, Utkal University

  • Bachelor 2005

    Bachelor of Commerce (Accountancy)

    Department of Commerce, Ravenshaw University

  • High School 2002

    12th Standard, (Commerce)

    Ramadevi Women's College

Work Experience

  • Current PositionAugust 16, 2018

    Full time faculty in Business Program

    Arizona State University, Lake Havasu, USA

  • May 201826th February 2014

    Assistant Professor

    School of Management, National Institute of Technology Rourkela, Odisha, India

  • February 18, 2014January, 01, 2014

    Assistant Professor –Accounting & Finance

    LMT School of Management, Thapar University, Patiala, Punjab, India

  • December 31, 2013July 01, 2013

    Lecturer –Accounting & Finance

    LMT School of Management, Thapar University, Patiala, Punjab, India

  • April 20, 2013March 20, 2013

    Guest Faculty –Accounting & Finance

    LMT School of Management, Thapar University, Patiala, Punjab, India

  • October, 2008September, 2008

    Guest Faculty – Cost Accounting

    Rajdhani College of Engineering and Management, Bhubaneswar, Odisha, India

My Awards

  • 2015
    ET cases -VGSOM’s case award for Best Case in Corporate Finance
    At International conference on Financial Markets and Corporate Finance
  • January 2010
    University Gold Medal in Master of Commerce
    Utkal University
  • 2010
    Sanjeev Mohapatra Memorial Gold Medal
  • January 2010
    Rooverjit Rassan Rathore Memorial Gold Medal
    Utkal University
  • 2015
    Recipient, National Merit Scholarship, Government of India
    January 2005 – January 2007
    January 2002 – January 2005

Certification & License

  • 2020
    Business Analytics Certification, Harvard Business School Online
  • 2019
    Lean Six Sigma Yellow Belt Certification, Arizona State University
    Ira A. Fulton Schools of Engineering at Arizona State University
  • 2019
    Master Class for Teaching Online, Arizona State University
  • 2017-2018
    Professional Development Courses, Accounting and Finance, Grand Canyon University
    Professional development courses, Accounting and Finance

My Motto to Learn: Learn to enjoy every minute of your life. Be happy now. Don’t wait for something outside of yourself to make you happy in the future. Think how really precious is the time you have to spend, whether it’s at work or with your family. Every minute should be enjoyed and savored
―Earl Nightingale

My Motto to Lead: Education must lead us from the irresponsible opinion to true responsible judgment. It must lead us from chance and arbitrariness to rational clarity and intellectual order. Therefore, let us guide our students over the road of discipline from materials, through function, to creative work.
―Ludwig Mies van der Rohe

My Motto to Serve: Everybody can be great…because anybody can serve. You don’t have to have a college degree to serve. You don’t have to make your subject and verb agree to serve. You only need a heart full of grace. A soul generated by love.
― Martin Luther King Jr.