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| Emerging Market Finance Conference |
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March 20 - 22, 2009 |

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Third Annual Research Conference jointly organised by Centre for Analytical Finance, Indian School of Business Financial Institutions Center, Wharton School Swedish Institute for Financial Research
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Agenda
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March 20, 2009
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| Evening 7:30 pm |
Reception for conference participants |
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March 21, 2009
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| 9:00 am - 12:00 am |
Global Financial Markets Chair: Joseph Fan (Chinese University of Hong Kong) |
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Kuntara Pukthuanthong-Le (San Diego State University) and Richard Roll (UCLA) Global Market Integration : An Alternative Measure and Its Application Discussant: Ramana Sonti (Indian School of Business)
Vidhi Chhaochharia (University of Miami) and Luc Laeven (IMF, CEPR, and ECGI) Sovereign Wealth Funds: Their Investment Strategies and Performance Discussant: Joseph Fan (Chinese University of Hong Kong)
Valentina Bruno and Robert Hauswald (American University) The Real Effects of Foreign Banks Discussant: Peter Swan (University of New South Wales)
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| March 21, 2009 |
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3:00 pm - 5:00 pm
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Corporate Governance Korea Chair: Bhagwan Chowdhry (UCLA) |
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Woochan Kim (KDI School of Public Policy Management), Taeyoon Sung (Yonsei University) and Shang-Jin Wei (Columbia University, NBER and CEPR) Does Corporate Governance Risk at Home Affect Investment Choices Abroad ? Discussant: Bhagwan Chowdhry (UCLA)
Bernard S Black (University of Texas), Woochan Kim (KDI School of Public Policy Management), Hausung Jang (Korea University Business School) and Kyung Suh Park (Korea University Business School) How Corporate Governance Affects Firm Value : Evidence on Channels from Korea Discussant: Vidhi Chhaochharia (University of Miami) |
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March 21, 2009
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| 5:30 pm - 7:00 pm |
Keynote address : Chair: Sankar De (Indian School of Business) Speaker: T.N. Srinivasan (Yale University) Changing Interface between Real and Financial Sectors: Lessons from China and India |
| March 22, 2009 |
| 9:00 am - 11:00 am |
China's Financial System I - Corporate Governance Chair: Peter Swan (University of New South Wales) |
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Joseph Fan (Chinese University of Hong Kong), Li Jin (Harvard Business School) and Guojian Zheng (Sun Yat-sen University) Internal Capital Market in Emerging Markets : Expropriation and Mitigating Financing Constraints Discussant: Subrata Sarkar (Indira Gandhi Institute for Development Research)
Shujun Ding (York University), Chunxin Jia (Peking University) and Zhenyu Wu (University of Saskatchewan) The Monitoring Effects of Fund Involvement on Earnings Informativeness and Executive Compensation: Evidence from Chinese Public Companies Discussant: Woochan Kim ( KDI School of Public Policy Management) |
| March 22, 2009 |
| 11:00 am - 1:00 pm |
China's Financial System II - Banking Chair: Per Stromberg (Swedish Institute for Financial Research) |
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Chung Chang (China Europe International Business School), Guanmin Liao (Central University of Finance and Economics), Xiaoyun Yu (Indiana University), and Zheng Ni (Tsinghua University) Information from Relationship Lending : Evidence From China Discussant: Sumit Agarwal (Federal Reserve Bank Chicago and ISB)
Warren Bailey (Cornell University), Wei Huang (University of Hawaii), and Zhishu Yang (Tsinghua University) Bank Loans with Chinese Characteristics : Inside Debt, Firm Quality, and Market Response Discussant: Per Strömberg (Swedish Institute for Financial Research) |
| March 22, 2009 |
| 3:00 pm - 5:00 pm |
China's Financial System III - Market Microstructures Chair: Pradeep Yadav (Oklahoma University) |
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Tse -Chun Lin (University of Amsterdam) Dynamic Short-Sales Constraints, Price Limits and Price Efficiency Discussant: Pradeep Yadav (Oklahoma University)
Jingyun Ma (Tsinghua University), Peter Swan (University of New South Wales), and Fengming Song (Tsinghua University) Price Discovery and Information in an Emerging Market : Evidence from China Discussant: Ramabhadran Thirumalai (Indian School of Business) |
| Organising committee: |
Sankar De(ISB), Vidya Kamate(ISB), Divya Nair(ISB), and Manpreet Singh(ISB) |
| Programme committee: |
Viral Acharya (NYU), Sumit Agarwal (Federal Reserve Bank Chicago and ISB), Franklin Allen (Wharton), Ulf Axelson (SIFR), Bhagwan Chowdhry (UCLA), Sankar De (ISB), Mihir Desai (Harvard), Joseph Fan (Chinese University of Hong Kong), Ravi Jagannathan (Kellogg), Kai Li (UBC), Sendhil Mullainathan (Harvard), Jun “QJ” Qian (Boston College), Eswar Prasad (Cornell), Krishna Ramaswamy (Wharton), Antoinette Schoar (MIT), Hyun Song Shin (Princeton), Per Strömberg (SIFR), and Shang-Jin Wei (Columbia) |
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