Centre for Analytical Finance

This is the official Twitter handle of the Centre for Analytical Finance, @ISBedu

[Indian School of Business (ISB) @ISBedu]

Congratulations, Professor @SubramanianKri on being appointed as the Chief Economic Adviser to the Government of India! Professor Subramanian is an Associate Professor of Finance and Executive Director of the Centre for Analytical Finance at ISB. #ISBfaculty

[Centre for Analytical Finance @ISBedu_CAF]

With that insightful keynote address, we conclude the 15th CAF conference #cafsrc2018. A big thank you to all the speakers, discussants, participants, and the organizers. It’s been two days of stimulating discussions, engaging ideas, and tremendous learning for all of us.

[Centre for Analytical Finance @ISBedu_CAF]

Prof. Andrew Karolyi,
Harold Bierman, Jr. Distinguished Professor of Management, @Cornell delivers the keynote address for #cafsrc2018

[Centre for Analytical Finance @ISBedu_CAF]

Prof. Rik Sen in his paper “Management (of) proposals” presents evidence of manipulation of voting outcomes by management when management proposals go up for shareholder voting. #cafsrc2018 @ISBInsight

[Centre for Analytical Finance @ISBedu_CAF]

Prof. Lixiong Guo in his paper titled "Globalization and Insider Trading.." presents evidence on how the combination of globalization and barriers to cross-border law enforcement has led to more aggressive insider trading in cross-border deals.#cafsrc2018 @ISBInsight

[Centre for Analytical Finance @ISBedu_CAF]

Our last session on Corporate Governance is chaired by Prof. Ajay Subramanian

[Centre for Analytical Finance @ISBedu_CAF]

Prof. Ajay Subramanian introduces a general equilibrium model for competitive banks to examine the optimal design of bank regulation. His paper is titled "Aggregate risk, Bank Competition and Regulation in General Equilibrium". #cafsrc2018 @ISBInsight

[Centre for Analytical Finance @ISBedu_CAF]

CAF Senior Associate Director Prasanna Tantri delivers an incisive and detailed discussant talk on Lakshmi Naaraayanan's paper "Roads and Loans" #cafsrc2018 @TantriPrasanna @ISBInsight

[Centre for Analytical Finance @ISBedu_CAF]

Do bidders engaged in lobbying activities affect the auction process of failed banks? Thomas Lambert in his paper "Winning Connections?.." presents evidence that bidders' lobbying efforts positively affect the probability of winning an auction #cafsrc2018 @lambert_thom

[Centre for Analytical Finance @ISBedu_CAF]

The next session is on Banking which is being chaired by Prof. Krishnamurthy Subramanian

[Centre for Analytical Finance @ISBedu_CAF]

Do private sector banks increase rural credit allocation in response to road connectivity to unconnected villages? Using village-level data, Lakshmi Naaraayanan studies the impact of PMJSY on village-level loans and other outcomes. #cafsrc2018 @ISBInsight

[Centre for Analytical Finance @ISBedu_CAF]

Naveen Gondhi's paper attempts to explain the discrepancy in higher prevalence of debt overhang as compared to risk-sharing. His paper is titled "Feedback Effect and Investor Information Acquisition: Implications for Agency Problems" #cafsrc2018

[Centre for Analytical Finance @ISBedu_CAF]

Day 2 of #cafsrc2018 begins with a session on Debt and Externalities chaired by Prof. Alminas Zaldokas @alminas

[Centre for Analytical Finance @ISBedu_CAF]

Prachi Mishra - in joint work with professors N. Prabhala and Raghuram Rajan - on the asymmetries between public sector and private sector banks in the adoption of credit scoring methodology for retail lending.
#cafsrc2018 @ISBedu

[Centre for Analytical Finance @ISBedu_CAF]

“Bitcoin only allows decentralization as a technological possibility but it does not guarantee it as an economic reality”. Fascinating new paper by Jiasun Li @mysteryfigure titled “Decentralized Mining in Centralized Pools”#cafsrc2018 @ISBIndiaInside

[Centre for Analytical Finance @ISBedu_CAF]

Our next session is on Finance and Technology which is being chaired by Prof. Omesh Kini.

[Centre for Analytical Finance @ISBedu_CAF]

A large-scale reform in Singapore around 2001 allowed the possibility of business creation at one’s residence. Jian Zhang in his paper “Workplace Flexibility and Entrepreneurship” looks at whether this option of home-based businesses spurred entrepreneurial activities #cafsrc2018

[Centre for Analytical Finance @ISBedu_CAF]

Our very own CAF alum Manpreet Singh @itsmanni investigates a pertinent question in the age of Amazons: how does the establishment of e-commerce fulfillment centres impact employees of local brick and mortar retailer? His paper “The Dark Side of Technological Progress?...”

[Centre for Analytical Finance @ISBedu_CAF]

Our second session is on Labour and Finance chaired by Prof. Bhagwan Chowdhry @bhagwanUCLA #cafsrc2018

[Centre for Analytical Finance @ISBedu_CAF]

@alminas

[Centre for Analytical Finance @ISBedu_CAF]

In his paper titled "Background Noise? TV advertising affect real-time investor findings", Alminas Zaldokas presents his findings on whether TV advertising affects financial information acquisition and does it translate into actual investment decisions? #cafsrc2018