Emerging Markets Finance Conference, 2012


17th - 18th December 2012
Venue: The Grand Hyatt
next to Bandra-Kurla Complex
Bombay.

Programme committee:

  • Viral Acharya, NYU
  • Bhagwan Chowdhury, UCLA
  • Tarun Ramadorai, Said Business School, Oxford
  • Subrata Sarkar, IGIDR Bombay
  • Ajay Shah, NIPFP Delhi
  • Avanidhar Subrahmanyam, UCLA
  • Ram Thirumalai, ISB Hyderabad
  • Susan Thomas, IGIDR Bombay
  • Pradeep Yadav, Univ. of Oklahoma

17th December 2012

09:00 - 10:00 Registration, Coffee and Tea
09:50 - 10:00 Welcome address
Session I: Markets and microstructure
Chairperson: Venky Panchapagesan, IIM Bangalore
10:00 - 10:50 Measuring and explaining the asymmetry of liquidity [paper]
Rajat Tayal and Susan Thomas, IGIDR Finance Research Group
        Discussant: Kiran Kumar, NISM
10:50 - 11:40 Scalpel or Hatchet? Program Trade Regulation, [paper]
Woo-Baik Lee, Korea National Open University, Jong Won Park, University of Seoul and Steven J. Jordan, Econometric Solutions
        Discussant: Susan Thomas, IGIDR FRG
11:40 - 12:30 Market Imperfections and Regulatory Intervention: The Case of Insider Trading Regulation in the Indian Stock Market [paper]
Yogesh Kumar Chauhan, ICFAI, Kiran Kumar Kotha, NISM and Vijaya B. Marisetty, RMIT University
        Discussant: Ram Thirumalai, ISB
12:30 - 13:30Lunch
Session II: Macroeconomics and Finance
13:30 - 14:20 The Real Effects of Foreign Investment: Productivity and Growth [paper]
Neviana Petkova, University of Oregon
        Discussant: Ajay Shah, NIPFP
14:20 - 15:10 Bank Involvement in Firm Management, Panacea or a Pain? [paper]
Amit Bubna Indian School of Business and Radhakrishnan Gopalan, Washington University
        Discussant: Rajendra Vaidya, IGIDR
15:10 - 15:30 Break
15:30 - 17:30 Policy Roundtable: High Frequency Trading

Chairperson: U K Sinha, SEBI
Panel:
Sanjiv Shah, Goldman Sach Asset Management Co.
Susan Thomas, IGIDR FRG
Sandeep Tyagi, Estee Advisors Ltd.
19:00 - 21:30 Dinner


18th December 2012

Session III: Corporate Governance
Chairperson: K. Vaidyanathan, Mahindra & Mahindra
10:00 - 10:50 Discipline or Disruption? Stakeholder Relationships and the Effect of Takeover Threat [paper]
Ling Cen, University of Toronto, Sudipto Dasgupta and Rik Sen, Hong Kong University of Science and Technology
        Discussant: Poonam Mehra, NISM
10:50 - 11:40 Collusion, incentives and information: The role of experts in corporate governance [paper]
Sanjay Banerji, University of Nottingham and Tianxi Wang, University of Essex
        Discussant: Subrata Sarkar, IGIDR
11:40 - 12:30 Changes in distance-to-default as a timely indicator of changes in credit ratings [paper]
Nidhi Aggarwal, IGIDR Finance Research Group, Manish Kumar Singh, Barcelona Graduate School of Economics, and Susan Thomas, IGIDR Finance Research Group
        Discussant: Rik Sen, HKUST
12:30 - 13:30 Lunch
Session IV: Household Finance
Chairperson: Bindu Ananth, IFMR Trust
13:30 - 14:20 How does micro-credit matter: Evidence from a large-scale natural experiment [paper]
Renuka Sane, IGIDR Finance Research Group.
        Discussant: Sripad Motiram, IGIDR
14:20 - 15:10 Do Stock Traders Learn from Experience? Evidence from an Emerging Market [paper]
John Y. Campbell, Harvard University, Tarun Ramadorai, Said Business School, University of Oxford and Benjamin Ranish, Harvard University
        Discussant: Renuka Sane, IGIDR FRG
15:10 - 15:30 Break
15:30 - 17:30 Policy Roundtable: Macroeconomic and financial policy challenges, 2012

Panel:
Subir Gokarn, RBI
K. P. Krishnan, Govt. of Karnataka
Josh Felman, IMF
Ajay Shah, NIPFP
17:30 - 17:45 Closing address and an announcement

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