Finance Research Group

5^th Emerging Markets Finance Conference, 2014

Previous conferences

18^th - 20^th December 2014
Venue: Sofitel, BKC, Bombay

Programme committee:

N. Prabhala, CAFRAL
Tarun Ramadorai, Said Business School
Subrata Sarkar, IGIDR
Ajay Shah, NIPFP
Avanidhar Subrahmanyam, UCLA
Ram Thirumalai, ISB
Susan Thomas, FRG IGIDR
Pradeep Yadav, University of Oklahoma

17^th December 2014

19:00 - 22:00	Registration and speakers dinner

18^th December 2014

8:00 - 09:00	Registration, coffee and tea
9:00 - 9:30	Inaugural address: U.K.Sinha, SEBI [video]
9:30 - 10:30	Panel I: International competitiveness Presentation: Susan Thomas, FRG IGIDR [presentation] Panel: Kshama Fernandes, IFMR Capital Ramesh Ramanathan, IFC Sanjiv Shah, Goldman Sachs Pankaj Vaish, Citibank
10:30 - 10:45	Break
Session I Chairperson: Ajay Shah, NIPFP
10:45 - 11:30	Local finance and local growth: macro and micro evidence from China [paper] [presentation] [video] Chunyang Wang, HSBC Business School, Peking University, and Ziji Huang, People's Bank of China Discussant: Prachi Mishra, Reserve Bank of India [presentation]
11:30 - 12:15	The effects of luck on investment behaviour: Evidence from randomised allocation in Indian IPOs [presentation] Santosh Anagol, Wharton, Tarun Ramadorai and Vimal Balasubramaniam, Said Business School and Oxford-Man Institute of Quantitative Finance Discussant: Susan Thomas, FRG IGIDR [presentation]
12:15 - 13:00	Transmission of Fed Announcements to Emerging Economies: What Determines Market Reactions? [paper] [presentation] [video] Prachi Mishra, Reserve Bank of India, Papa N'Diaye, and Lam Nguyen, IMF Discussant: Rajeswari Sengupta, IGIDR [presentation]
13:00 - 14:00	Lunch
14:00 - 15:00	Panel II: Commodity futures Presentation: Susan Thomas, FRG IGIDR [presentation] Panel: Vineet Bhatnagar, Phillips Capital Rishi Nathany, NCDEX Ravi Shevade, NCDEX Spot
15:00 - 15:15	Break
Session II
15:15 - 16:00	Incentivising impact investing [paper] [presentation] [video] Bhagwan Chowdhry, UCLA, Shaun William Davies, University of Colorado and Brian Waters, UCLA Discussant: Reuben Abraham, IDFC Institute
16:00 - 16:45	More efficient event studies [presentation] [video] Ajay Shah, NIPFP Discussant: J. R. Varma, IIM Ahmedabad [presentation]

19^th December 2014

8:30 - 9:00	Coffee and Tea
Session III Chairperson: Venky Panchapagesan, IIM Bangalore
9:00 - 9:45	The imprecision of volatility indexes [paper] [presentation] [video] Rohini Grover, FRG IGIDR and Ajay Shah, NIPFP Discussant: J. R. Varma, IIM Ahmedabad [presentation]
9:45 - 10:30	Systemic Microstructure Risks of High Speed Trading [paper] [presentation] [video] Pankaj Jain, Securities and Exchange Commission, Pawan Jain, Central Michigan University and Thomas McInish, The University of Memphis Discussant: Nidhi Aggarwal, FRG IGIDR [presentation]
10:30 - 11:15	Break
11:15 - 12:00	Liquidity Provision, Information, and Inventory Management in Limit Order Markets: An Analysis of Order Revisions [paper] [video] Vikas Raman, University of Warwick and Pradeep Yadav, University of Okhlahoma Discussant: Rajat Tayal, Deutsche Bank [presentation]
12:00 - 12:45	Do regulatory hurdles work on algorithmic trading? [video] Nidhi Aggarwal, FRG IGIDR, Sugato Chakravarty, Purdue University, Venkatesh Panchapagesan, IIM Bangalore, and Susan Thomas, FRG IGIDR Discussant: Pradeep Yadav, University of Okhlahoma
12:45 - 14:00	Lunch
14:00 - 15:00	Panel III: Understanding high frequency trading Presentation: Chirag Anand, FRG IGIDR [presentation] Panel: Farid Moslehi, Getco Venky Panchapagesan, IIM, Bangalore Pradeep Yadav, University of Oklahoma S. Ramann, CAG
15:00 - 15:15	Break
Session IV
15:15 - 16:00	Liquidity in the Large: Evidence From an Exogenous Supply Shock [paper] [presentation] [video] Ankit Jain, Prasanna Tantri and Ramabhadran Thirumalai, Indian School of Business Discussant: Pawan Jain, Central Michigan University [presentation]
16:00 - 16:45	The propagation of shocks across international equity markets: A microstructure Perspective [paper] [presentation] [video] Dion Bongaerts, Dominik Rosch, Mathjis van Dijik and Darya Yuferova, Eramus Research Institute and Richard Roll, California Institute of Technology Discussant: Ramabhadran Thirumalai, Indian School of Business [presentation]
18:30	Dinner

20^th December 2014

9:00 - 9:30	Coffee and tea
Session V Chairperson: Susan Thomas, FRG IGIDR
9:30 - 10:15	When do controlling shareholders expropriate? Evidence from market valuation of cash and intra-group loans in China [paper] [presentation] [video] Yan-Leung Cheung, Hong Kong Institute of Education, P Raghvendra Rau, University of Cambridge, Aris Stouraitis and Weiqiang Tan, Hong kong Baptist University Discussant: Rik Sen, HKUST and University of Miami [presentation]
10:15 - 11:00	Whence the privatised firm dividend premium? [paper] [presentation] [video] Abhinav Goyal, University of Liverpool, Shrikant Jategaonkar, Southern Illinois University, Edwardsville, William Megginson, King Fahd University of Petroleum and Minerals and Cal Muckley, University College, Dublin Discussant: Poonam Mehra, NITIE [presentation]
11:00 - 11:15	Break
11:15 - 12:00	How much can asset portfolios of rural households benefit from formal financial services? [paper] [presentation] [video] Vishnu Prasad, Anand Sahasranaman, Santadarshan Sadhu and Rachit Khaitan, IFMR Foundation Discussant: Vimal Balasubramaniam, Said Business School and Oxford-Man Institute of Quantitative Finance [presentation]
12:00 - 14:00	Lunch Talk: K. P. Krishnan, Dept. of Land Resources [video]
14:00 - 15:00	Panel IV: Bankruptcy reforms for India Presentation: Anjali Sharma, FRG IGIDR [presentation] Panel: Bhagwan Chowdhry, UCLA Jayesh H., Juris Corp Venky Panchapagesan, IIM Bangalore Aparna Ravi, Centre for law and policy research Bahram Vakil, AZB
15:00 - 15:15	Break
Session VI
15:15 - 16:00	Micropensions: Helping the poor save for old age [presentation] [video] Olivia Mitchell and Anita Mukherjee, Wisconsin School of Business Discussant: Renuka Sane, ISI Delhi [presentation]
16:00 - 16:45	Repayment in microfinance: The role of financial literacy and caste [paper] [presentation] [video] Renuka Sane, ISI Delhi and Rashmi Barua, JNU and ISI Delhi Discussant: R. Shankar, IFMR Business School [presentation]
16:45 - 17:00	Closing address and announcements

Sponsored By: