6th Emerging Markets Finance Conference, 2015


17th - 19th December 2015
Venue: Sofitel, BKC, Bombay



16th December 2015


19:00 - 22:00 Registration and speakers dinner

17th December 2015




8:30 - 9:30 Registration, Coffee and Tea
9:30 - 10:00 Inaugural address: U. K. Sinha, SEBI
Session I Insider Trading
Chairperson:
Somasekhar Sundaresan, J. S. A. Advocates & Solicitors
10:00 - 10:50 An Analysis of corporate Insider Trading and Earnings Announcements in India [paper] [presentation]
Murugappa Krishnan, William Paterson University, and Srinivasan Ranga, IIM, Bangalore
        Discussant: K. Kiran Kumar, IIM Indore [presentation]
10:50 - 11:00 Break
11:00 - 11:50 Insider trading and market structure [paper] [presentation]
Yesha Yadav, Vanderbilt University
        Discussant: Bhargavi Zaveri, Macro / Finance Group, NIPFP [presentation]
11:50 - 13:30 Lunch Talk: Political economy of financial sector reforms
Speaker: Rajiv Lall, IDFC Bank
13:30 - 15:00 Panel I: Insolvency Law Reforms
Introductory
Remarks
T. K. Viswanathan, Chairman, BLRC
Presentation: Richa Roy, AZB Partners and Renuka Sane, ISI, Delhi [presentation]
Discussion: Leena Chacko, Cyril Amarchand Mangaldas
Harsh Pais, Trilegal
Venkatesh Panchapagesan, IIM Bangalore
Bahram Vakil, AZB & Partners (Moderator)
Dina Wadia, J. S. A. Advocates & Solicitors
Yesha Yadav, Vanderbilt University
15:00 - 15:15 Break
Session II Insolvency and Corporate Finance
Chairperson:
N. Prabhala, CAFRAL
15:15 - 15:35 Corporate Debt Restructuring, Bank Competition and Stability: Evidence from creditor's perspective [paper] [presentation]
M. Mostak Ahamed and Sushanta Mallick, Queen Mary University, UK
15:35 - 15:55 Evaluating the performance of the corporate debt restructuring mechanism in India [presentation]
Sargam Jain, Kanwalpreet Singh and Susan Thomas, Finance Research Group, IGIDR
15:55 - 16:45 Discussant Panel:
N. Prabhala, CAFRAL [presentation]
Joshua Felman, IMF

18th December 2015



9:00 - 9:30 Coffee and Tea
Session III Market Microstructure
Chairperson:
Ravi Varanasi, NSE
9:30 - 10:20 Resiliency: A Dynamic View of Liquidity [paper] [presentation]
Monika Gehde-Trapp, University of Mannheim, Alexander Kempf, University of Cologne, Daniel Mayston, Blackrock and Pradeep Yadav, Oklahoma University
        Discussant: Venkatesh Panchapagesan, IIM Bangalore [presentation]
10:20 - 11:10 Liquidity provision in a high-frequency environment [presentation]
Nidhi Aggarwal and Susan Thomas, Finance Research Group, IGIDR, Chirag Anand, Macro / Finance Group, NIPFP
        Discussant: Prachi Deuskar, Indian School of Business [presentation]
11:10 - 11:30 Break
11:30 - 12:30 Man vs. Machine: Liquidity Provision and Market Fragility [paper] [presentation]
Vikas Raman, University of Warwick, Michel Robe, Kogod School of Business, American University and Pradeep Yadav, Oklahoma University
        Discussant: Raman Kumar, Virginia Tech [presentation]
12:30 - 14:00 Lunch Talk: FSLRC and the process of reforming the Indian State
Speaker: Justice B. N. Srikrishna, Supreme Court of India (retd.)

FOCUS AREA: FINTECH - IN PARTNERSHIP WITH iSPIRT


Session IV Fin-Tech: Financial Services To Come
14:00 - 14:30 Fin-Tech: disruption in financial services, the Leapfrog
Nandan Nilekani, Co-founder, Infosys; Former Chairman, UIDAI, and Mentor, iSPiRT
14:30 - 15:30 The players: who is making fin-tech happen?
Uniken [presentation]
Julia [presentation]
CapitalFloat [presentation]
PayTM
Simpl [presentation]
15:30 - 16:30 Panel II: Future of payments
Chairperson: Sanjay Jain, iSPIRT
Panel David Katz, Paypal
A. P. Hota, NPCI
G. V. Nageswara Rao, NSDL
Kshitij Sanghi, PayTM
16:30 - 17:00 Break
17:00 - 18:00 Panel III: When Status Quo Faces Disruption
Chairperson: D. B. Phatak, IIT Bombay
Panel Haresh Chawla, IVFA
Bhagwan Chowdhry, UCLA
Sanjay Swamy, Volunteer, iSPIRT
Ajay Shah, Macro / Finance Group, NIPFP
Anand Bajaj, Yes Bank
18:30 - 22:00 Dinner Talk: Making land into a tradeable asset class
Speaker: K. P. Krishnan, Dept. of Land Resources

19th December 2015


8:30 - 9:00 Coffee and tea
Session V Corporate Governance
Chairperson:
Vardhana Pawaskar, BSE
9:00 - 9:50 Politics, State Ownership and Corporate Investments [paper] [presentation]
Shashwat Alok, Indian School of Business, Hyderabad, and Meghana Ayyagari, George Washington University
        Discussant: Rajendra Vaidya, IGIDR [presentation]
9:50 - 10:40 Women on Board and Performance of Family Firms: Evidence from India [paper] [presentation]
Jayati Sarkar, IGIDR and Ekta Selarka, Madras School of Economics
        Discussant: Rajeswari Sengupta, IGIDR [presentation]
10:40 - 11:00 Break
11:00 - 11:50 Does It Pay for Entertaining Your Stakeholders? [paper] [presentation]
Sonia Man-lai Wong, Lingnan University, Hui Ou-Yang, Cheung Kong Graduate School of Business and Haibing Shu, Hongkong University of Science and Technology
        Discussant: Subrata Sarkar, IGIDR [presentation]
11:50 - 13:00 Lunch Talk: Bitcoin, freedom and the future of finance
Speaker: Bhagwan Chowdhry, UCLA
13:00 - 14:00 Panel IV: Barriers to corporate bond market development in India
Chairperson:
Ajay Shah, Macro / Finance Group, NIPFP
Presentation: Anjali Sharma, Finance Research Group, IGIDR [presentation]
Discussion: Vineet Bhatnagar, PhillipCapital India
Dhiraj Nayyar, NITI Aayog
Sanjiv Shah, Goldman Sachs
15:00 - 15:15 Break
Session VI Markets and public policy
Chairperson:
Ajay Shah, Macro / Finance Group, NIPFP
15:15 - 16:00 Do Derivatives matter? Evidence from a policy experiment [paper] [presentation]
Deepak Agrawal, Prasanna Tantri and Ramabhadran Thirumalai, Indian School of Business, Hyderabad, K. R. Subrahmanyam, Marshall School of Business, USA
        Discussant: Nidhi Aggarwal, Finance Research Group, IGIDR [presentation]
16:00 - 16:45 Does the Ownership Structure of Government Debt Matter? Evidence from Munis [paper] [presentation]
Tania Babina, Pab Jotikasthira and Christian Lundblad, University of North Carolina at Chapel Hill and Tarun Ramadorai, University of Oxford - Said Business School
        Discussant: Renuka Sane, ISI Delhi [presentation]
16:45 - 17:00 Closing address and announcements

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