The Centre for Analytical Finance (CAF) at the Indian School of Business (ISB) hosted the Summer Research Conference 2007, during August 9-12, 2007. The theme of the Conference was - 'Recent Advances in Corporate Finance'. The purpose of the Conference was to serve as a platform for an exchange of ideas between the best financial researchers across the globe on some of the most important topics in corporate financing.

The Conference attracted a total of hundred research papers submitted by finance scholars around the world, out of which sixteen were selected. The criteria, as always, were originality of topic and innovative approach. The number as well as the high quality of submissions resulted in keen competition for selection. All accepted papers went through several rounds of reviewing: an initial round for appropriateness and quality and a final round when they were ranked against each other. The final reviewing committee included twenty world-wide experts, including the likes of Franklin Allen (Wharton), Bhagwan Chowdhry (UCLA), Stijn Claessens (IMF), and Francesca Cornelli (London Business School).

CAF organises two research conferences each year: one in the summer (mid August) and the other in the winter (late December). Well-known finance scholars from around the world participate in these conferences.