Finance Research Group

6^th Emerging Markets Finance Conference, 2015

Previous conferences

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

16^th December 2015

19:00 - 22:00	Registration and speakers dinner

17^th 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

18^th 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

19^th 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 [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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