## \[no-title\] ![Banner](http://www.stern.nyu.edu/sites/default/files/assets/images/Banner-Please.jpg) **IIM Calcutta-NYU Stern India Research Conference** **Co-Hosts** The Financial Research and Trading Laboratory, IIM Calcutta Center for Global Economy and Business, NYU Stern **Date** October 12, 2018 **Program Summary** As the world's largest democracy, with the third largest economy in real terms, the fastest growing working-age population, and a rapidly developing financial system, India is set to become one of the world's most important economic forces in the coming decade. Recent national-level economic initiatives and financial reforms such as demonetization, the implementation of the Goods and Services Tax and the PMJDY program for banking the unbanked have far-reaching implications. This conference will bring together the leading academic and policy experts for an in-depth discussion of India's financial markets and implications for the global economy. 8:00 **Breakfast and Registration** 8:30 **Welcome and Introductory Remarks** [**Robert Whitelaw**](http://www.stern.nyu.edu/faculty/bio/robert-whitelaw), Vice Dean of the NYU Stern School of Business Undergraduate College [**Kose John**](http://www.stern.nyu.edu/faculty/bio/kose-john) NYU Stern School of Business 8:45 **Research Paper Session I** Moderator: [**Kim Schoenholtz**](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), New York University Stern School of Business [**Indirect Tax Aggressiveness and Tax Reforms: Evidence from a Quasi-Natural Experiment**](http://www.stern.nyu.edu/sites/default/files/assets/documents/Pandit%20and%20Raithatha%2C%202018%2C%20Indirect%20Tax%20Aggressiveness.pdf) [**Shailendra Pandit**](http://business.uic.edu/faculty/shailendra-shail-pandit), University of Illinois at Chicago Mehul Raithatha, Indian Institute of Management Indore Stephanie Sikes, University of Illinois at Chicago Business Discussant: [**N.R. Prabhala**](http://https://www.rhsmith.umd.edu/directory/nagpurnanand-r-prabhala), University of Maryland Smith School of Business [**Violence and Investor Behavior: Evidence from Terrorist Attacks**](http://www.stern.nyu.edu/sites/default/files/assets/documents/Terror%20and%20trading%2008202018%20NSE%202nd%20submission%20final.pdf) [**Vikas Agarwal**](http://www2.gsu.edu/~fncvaa/), Georgia State University Pulak Ghoash, Indian Institute of Management Bangalore Haibei Zhao, Lehigh University Discussant: [**Ashok Banerjee**](https://www.iimcal.ac.in/users/ashok), Indian Institute of Management Calcutta [**Does Mandated Corporate Social Responsibility Reduce Intrinsic Motivation? Evidence from India**](http://www.stern.nyu.edu/sites/default/files/assets/documents/CSR%20Draft-Combined.pdf) Shivaram Rajgopal, Columbia University **[Prasanna Tantri](https://www.isb.edu/nse-isb/about/people/associate-director),** Indian School of Business Discussant: [**David Yermack**](http://www.stern.nyu.edu/faculty/bio/david-yermack), New York University Stern School of Business [**Video: 8:30am-10:30am**](https://nyustern.mediasite.com/Mediasite/Play/4d8d5e4ca4454ea4acc9db43ab02c5891d) 10:45 **Refreshment Break** 11:00 **Panel on Indian Financial Reform** Chair: **[Kose John](http://http://www.stern.nyu.edu/faculty/bio/kose-john),** New York University Stern School of Business **[Sandeep Chakravorty](https://www.indiainnewyork.gov.in/pages?id=eyJpdiI6Ik9UV1dGc2R4ZXE1R0lKK1o0aWpobUE9PSIsInZhbHVlIjoiYTB0UzVjbHBvR2ttYkdTYlUwajlRZz09IiwibWFjIjoiZWVkZmVjYjg4YThhNmJhMDQ5NjE0OWMwMzA0MDgwMTkxNmUzN2M1NDE4NGRmZjJiOWYxZjI3Nzc0OTg5OTc3NCJ9&subid=eyJpdiI6InhyTHJBUGpSOGtSbHVcLzU5U2NcL2xKQT09IiwidmFsdWUiOiJIWUxBTFRTVFJxNCtzT3NzdlkwQXNRPT0iLCJtYWMiOiIwMDJjZjFlYjU0MjhkMjJiNDllY2MzMTExNWZiZTIzNjgyY2M3ZmI1YTNhZTI2ZTlmMWE1ZmI5NmQ0MjlmYTBmIn0=),** Consul General of India in New York **[N.R. Prabhala](https://www.rhsmith.umd.edu/directory/nagpurnanand-r-prabhala),** University of Maryland Smith School of Business **[Pradeep Yadav](http://www.ou.edu/price/finance/faculty/pradeep_yadav),** University of Oklahoma Price College of Business [**Video: 11:00am-12:00pm**](https://nyustern.mediasite.com/Mediasite/Play/f1c710de9a5848e08300cd9808d9b1991d) 12:00 **Lunch and Keynote Speech** [**Amitabh Kant**](http://niti.gov.in/team-niti/profile-ceo-niti-aayog), CEO National Institution for Transforming India [**Video: Keynote Speech**](https://nyustern.mediasite.com/Mediasite/Play/c4147c7483c84f4ba1a758f43e24715c1d) 2:10 **Research Paper Session II** Moderator: **[Jennifer Carpenter](http://www.stern.nyu.edu/faculty/bio/jennifer-carpenter)**, New York University Stern School of Business [**A New Order of Financing Investments: Evidence from Acquisitions by India's Listed Firms**](http://www.stern.nyu.edu/sites/default/files/assets/documents/Jindal%20%26%20Seth%20%282018%29%20-%20A%20new%20order%20of%20financing%20investments.pdf) **Varun Jindal**, Indian Institute of Management Calcutta Rama Seth, Copenhagen Business School Dicussant: [**Vijay Singal**](https://finance.pamplin.vt.edu/directory/singal.html), Virginia Tech Pamplin College of Business [**Directors of a Feather Merge Together: Information Flows, Familiarity Bias and M&A Outcomes**](http://www.stern.nyu.edu/sites/default/files/assets/documents/Cultural%20Proximity%20and%20MAs.pdf) Manaswini Bhalla, Indian Institute of Management Bangalore [**Manisha Goel**](https://www.pomona.edu/directory/people/manisha-goel), Pomona College VSK Teja Konduri, Indian Institute of Management Bangalore Michelle Zemel, Pomona College Discussant: [**Simi Kedia**](http://www.business.rutgers.edu/faculty/simi-kedia), Rutgers Business School [**Video: 2:00pm-5:00pm**](https://nyustern.mediasite.com/Mediasite/Play/23a83b8c286a4290ab6b0f5a507a612e1d) 3:30 **Refreshment Break** 3:45 **Afternoon Keynote Speech The Market for Healthcare at the Bottom of the Pyramid** [**Abhijit Banerjee**](http://economics.mit.edu/faculty/banerjee/short), Ford Foundation International Professor of Economics at MIT Introduction by [**Thomas Philippon**](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), New York University Stern School of Business 4:50 **Closing Remarks** [**Ashok Banerjee**](https://www.iimcal.ac.in/users/ashok), Indian Institute of Management Calcutta 5:00 **Reception** **Photos:**