Business Across Borders

National Stock Exchange of India and NYU Stern Starts Indian Financial Markets Conference 2015

Henry Kaufman Management Center

While we, at NYU Stern, understand the markets and institutions in developed economies to an extent, we need to do much more work to understand more fully the markets and institutions in emerging markets, such as India.

Mumbai: The National Stock Exchange (NSE), India’s leading stock exchange, and New York University Stern School of Business (NYU Stern), one of the world’s premier research and teaching institutions, began their third annual ‘Indian Financial Markets Conference 2015’ today in Mumbai, India. This two-day conference is an outcome of the joint initiative by the NSE and NYU Stern to: (a) promote the study of Indian financial markets, (b) provide a platform for industry and academia to complement each other, and (c) deliver effective research support for policy making. The primary objective of this conference is to present and discuss the research papers which were selected on the basis of a global call for papers. 

The NSE-NYU Stern Indian Financial Markets Conference 2015 is convening a number of financial market leaders from industry, the public sector and academia.  The first day’s discussion was on ‘Financial Deepening’, which explored the relationship of financial development with long-term economic growth as well as with financial stability.  The panellists included eminent academics, market participants and a senior official from the International Monetary Fund. NYU Stern Professor Marti G Subrahmanyam delivered the keynote address on the topic ‘’Informed Options Trading prior to Corporate Announcements: Insider Trading?’’

On the second day, scholars and academics from leading global universities and institutions will present research papers on topics such as the impact of financial development on occupational choice, impact of derivatives on stock returns and effects of criminal politicians on firm value and investments, which are central to the development of the financial markets, particularly as they relate to India.

Ms. Chitra Ramkrishna, MD and CEO of NSE said, “NSE’s research collaboration with NYU Stern is one of the first-of-its-kind in India in the field of finance.  Like in the previous two years, we hope and expect that the insights generated in this conference would provide some useful inputs to the policy makers.”

"While we, at NYU Stern, understand the markets and institutions in developed economies to an extent, we need to do much more work to understand more fully the markets and institutions in emerging markets, such as India.  The NSE-NYU Stern partnership provides a network of academics interested in studying the Indian financial markets," said Professor Viral Acharya of NYU Stern.
The research papers selected for this conference included papers on: FIIs trading behaviour, government bonds and impact of derivatives on stock returns.  The papers will be published on the websites of both NSE and NYU Stern as the “NSE-NYU Working Paper Series 2014-15.”
About NSE
In its 20 year history, NSE has transformed the capital market, based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products In India, NSE’s flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey.
About NYU Stern
New York University Stern School of Business, located in the heart of Greenwich Village, is one of the nation’s premier management education schools and research centers. NYU Stern offers a broad portfolio of academic programs at the graduate and undergraduate levels, all of them informed and enriched by the dynamism, energy and deep resources of one of the world’s business capitals.  NYU Stern Salomon Center, founded in 1972, is a research institute that conducts theoretical and applied research in financial institutions, instruments and markets. Follow NYU Stern on Twitter: @NYUStern.