NSE Research Scholar Program
In its endeavour to be at the forefront of supporting financial research in India, the National Stock Exchange (NSE) had launched a research initiative in 2019, “The NSE Research Scholar Program”. The program invited applications from universities, business schools and research institutions across India to get their promising students/researchers/faculty members to review the state-of-the-art on contemporary topics in the area of empirical finance, that are relevant to Indian financial markets.
Under this program, aspirants could submit a monograph on a chosen topic and prepare a presentation, summarizing the key findings. The monograph should provide a survey of the current state of research, major development and results, and extant open questions.
The authors of the top three selected papers are invited to present their findings at the NSE. They would additionally receive an honorarium award and get their work listed on the NSE’s Working Paper Series. These award-winning papers would also be featured in the NSE’s flagship publication, the ‘Market Pulse’ - a detailed monthly review of the financial markets.
NSE Research Scholar Program 2020
| Rank | Research Title | Authors | Presentation | Summary | Working Paper |
|---|---|---|---|---|---|
| First | Impact of Mutual Fund Classification on Investors, Funds and Stock Market |
|
 |
|
|
| Second | Short-term and Long-term Market Reaction to M&A: Evidence from India |
|
|
|
|
| Third | Dynamic Interlinkage among Arbitrage, Hedging and Speculation in Crude Oil Futures Market |
|
|
|
|
NSE Research Initiative
| Sr. No. | Title | Author | Year | Working Paper |
|---|---|---|---|---|
| 1 | Some Preliminary Examination of Predictive Ability of India VIX | Debasis Bagchi (George College, Kolkata) | 2011 |  |
| 2 | Market Integration and Efficiency of Indian Stock Markets: A Study of NSE | Prashant Joshi (I-Shou University, Taiwan) | 2011 | |
| 3 | Imbalances Created because of Structured Products in Indian Equity markets |
Mr.GopiKrishna Suvanam Mr. Amit Trivedi |
2011 | |
| 4 | Determinants and the Stability of Dividends in India |
Dr. Manoj Subhash Kamat Dr. Manasvi Manoj Kamat |
2010 | |
| 5 | Do Hetrogeneous beliefs affects trading volume and asset prices |
Dr. Sugato Chakravarty (Purdue University) Dr. Rina Ray (Norwegian School of EBA) |
2010 | |
| 6 | Forecasting of Indian Stock Market Index Using Artificial Neural Network |
Mr. Manna Majumder Mr. MD Anwar Hussian |
2010 | |
| 7 | Global Stock Futures : A Diagnostic Analysis Of A Selected Emerging And Developed Markets With Special Reference To India | Debasis Bagchi (IILM, Noida) | 2009 | |
| 8 | Examining Associations between S&P CNX Nifty and selected Asian & US Stock Markets | Dr. Saif Siddiqui (Jamia Millia Islamia, Delhi) | 2009 | |
| 9 | Dynamic Interaction among Mutual Fund Flows, Stock Market Return and Volatility |
Dr. M. Thenmozhi (IITM, Chennai) Mr. Manish Kumar (IITM, Chennai) |
2009 | |
| 10 | Does the stock market overreact? An Empirical evidence of contrarian returns from Indian markets | Dr. Mayank Joshipura | 2009 | |
| 11 | Optimal Investment Horizons for S&P CNX Nifty and its Components | Dr. Pradeep Raje (Adfactors PR Pvt. Ltd.) | 2009 | |
| 12 | Stock Market Seasonality: A Study of the Indian Stock Market | Mr. Ash Narayan Sah (University of Petroleum & Energy Studies, Gurgaon) | 2009 | |
| 13 | Dynamic Relationship between Stock Returns, Trading Volume and Volatility:Evidence from Indian Stock Market |
Mr. Brajesh Kumar (IIM, Ahmedabad) Ms. Priyanka Singh (IIM, Ahmedabad) |
2009 | |
| 14 | Price Discovery and Arbitrage Efficiency of Indian Equity Futures and Cash Markets |
Mr. Kapil Gupta (IBS Gurgaon) Dr. Balwinder Singh (Guru Nanak Dev University, Amritsar) |
2009 | |
| 15 | Correlation Dynamics in Equity Markets: Evidence from India |
Mr. S. Raja Sethu Durai Dr. Saumitra N Bhaduri |
2009 | |
| 16 | Price Impact of Block Trades and Price Behavior surrounding Block Trades in Indian Capital Market |
Mr. Sobhesh Kumar Agarwalla Mr. Ajay Pandey |
2009 | |
| 17 | Price & liquidity effects of stock split: An Empirical evidence from Indian stock market | Dr. Mayank Joshipura | 2008 | |
| 18 | Risk Return Dynamics of Derivative Based Investment Strategies. | Dr. N.S.Malik (Haryana School of Business) | 2008 | |
| 19 | Volatility Persistence and the Feedback trading Hypothesis: Evidence from Indian Markets |
Dr. Vasileios Kallinterakis (University of Durham) Ms. Shikha Khurana (MF Global Securities) |
2008 | |
| 20 | Pricing of Options on Defty |
Mr. Mudit Mehta (IIM, Bangalore) Mr. Chetan Swarup (IIM, Bangalore) Mr. Amlan Chaudhari (IIM, Bangalore) |
2008 | |
| 21 | Price Limits Are they Worth the Price? | Ms. Sreedhari Desai (University of Utah) | 2008 | |
| 22 | Under-Pricing and long run performance of Initial Public Offerings in Indian Stock Market | Dr. S. Janakiramanan (Singapore Management University) | 2007 | |
| 23 | Optimal Hedge Ratio and Hedging Effectiveness of Stock Index Futures : Evidence from India |
Mr. Saumitra N Bhaduri (Madras School of Economics) Mr. S. Raja Sethu Durai (Madras School of Economics) |
2007 | |
| 24 | Evaluating Corporate Governance Risk: A Fuzzy logic approach |
Ms. Sadhalaxmi Rao Mr Sumit Kumar Bose |
2007 | |
| 25 | Do the S&P CNX Nifty Index and Nifty Futures Really Lead/Lag? Error Correction Model: A Cointegration Approach | Ms. Shalini Bhatia (University Of Delhi) | 2007 | |
| 26 | On The New Transformation-Based Approach To Measuring Value-At-Risk: An Application To Forex Market In India | Dr. G. P. Samantha | 2006 | |
| 27 | Lead-Lag relationship between Equities and Stock Index Futures Market and its variation around Information Release: Empirical Evidence from India |
Kedar Mukherjee (Institute of Public Enterprise, Hyderabad) Dr. R. K. Mishra (Institute of Public Enterprise, Hyderabad) |
2006 | |
| 28 | Understanding the Microstructure in Indian Markets |
Dr. Bidisha Chakrabarty Dr. Pankaj Jain |
2005 | |
| 29 | Price and Volume Effects of S&P CNX Nifty Index Reorganization | Dr. Srinivas S S Kumar | 2005 | |
| 30 | Volatility Spillovers Across Stock, Call Money And Foreign Exchange Markets |
H.R. Badrinath (Catholic University of Leuven, Belgium) Prakash G. Apte (IIM, Bangalore) |
2005 | |
| 31 | An Analysis of the Dynamic Relationships Between South Asian and Developed Equity Markets | Dr. Asjeet S Lamba (University of Melbourne) | 2004 | |
| 32 | Insider Ownership , Corporate Governance and Corporate Performance |
Dr. B. V. Phani (IITM, Calcutta) Mr. V. N. Reddy (IITM, Bangalore) N.Ramachandran (IIT, Kanpur) Asish K Bhattacharyya (IIT, Kanpur) |
2004 | |
| 33 | Corporate Governance and Market reactions |
Dr. Vijaya B Marisetty (Monash University) Dr. Vedpuriswar A V (ICFAI) |
2004 | |
| 34 | Improving Index Fund Implementation in India | Ms. Kshama Fernandes | 2004 | |
| 35 | Corporate Social Responsibility Initiatives by NSE NIFTY Companies - Content, Implementation Strategies & Impact | Dr. Bindi Mehta | 2003 | |
| 36 | Conditional CAPM and Cross sectional returnsﾖ A study on Indian Securities Market |
Dr. H K Pradhan (XLRI, Jamshedpur) Mr. S Lakshmi Narasimhan (XLRI, Jamshedpur) |
2003 | |
| 37 | Measures for Improving Common Investor Confidence in Indian Primary Market : A Survey | Dr. K Santi Swarup | 2003 | |
| 38 | Measuring Volumes in the Indian Financial Markets Some Terminological and Conceptual Issues | Dr. O.P. Chawla | 2003 | |
| 39 | Do Futures and Options trading increase stock market volatility? | Dr. Premalata Shenbagaraman (Clemson University) | 2003 | |
| 40 | Market Discipline in the Indian Banking Sector: An Empirical Exploration |
Dr. Saibal Ghosh Dr. Abhiman Das |
2003 | |
| 41 | Section switching stock market price effect in the Indian capital market and the policy implications thereof |
Mohemad Ariff (Monash University) Vijaya B Marisetty (Monash University) |
2003 | |
| 42 | Study of Common Stochastic Trend and Cointegration in the Emerging Markets - A Case Study of India, Singapore and Taiwan |
Mr. Golaka C Nath Mr. Sunil Verma |
2003 | |
| 43 | Informational Content of Trading Volume And Open Interest ﾖ An Empirical Study of Stock Options Market In India | Mr. Sandeep Srivastava | 2003 | |
| 44 | Evaluating index fund implementation in India | Ms. Kshama Fernandes (Goa Institute of Management) | 2003 | |
| 45 | Measuring productive efficiency of stock exchanges using price adjustment coefficients | Vijaya Bhaskar Marisetty (Monash University) | 2003 | |
| 46 | The Extreme Value Volatility Estimators and Their Empirical Performance in Indian Capital Markets | Ajay Pande (IIM, Ahmedabad) | 2002 | |
| 47 | Short selling and its Regulation in India in International Perspective | Dr L.C.Gupta | 2002 | |
| 48 | Futures Trading, Information and Spot Price Volatility of NSE-50 Index Futures Contract | Dr. (Ms) M. Thenmozhi (IIT, Chennai) | 2002 | |
| 49 | Changes in liquidity following exposure to foreign shareholders: The effect of foreign listings, inclusion in country funds and issues of American Depositary Receipts |
Dr. Latha Ramchand (School of Business & Economics, Ontaria) Dr. Madhu Kalimipalli (University of Houston) |
2002 | |
| 50 | Market Microstructure Effects of Transparency of Indian Banks | Dr. Niranjan Chipalkatti (Ohio Northen University) | 2002 | |
| 51 | Dividend policy of Indian Corporate Firms : An Analysis of Trends & Determinants | Dr. Y. Subba Reddy | 2002 | |
| 52 | Improved Techniques for using Monte Carlo in VaR estimation |
Dr.Ajay Shah Prof.Ashok Srinivasan |
2002 | |
| 53 | Is the Spread Between E/P Ratio and Interest Rate Informative for Future Movement of Indian Stock Market? |
G P Samanta Kausik Bhattacharya |
2002 | |
| 54 | Equity Market Interlinkages: Transmission of Volatility - A Case Of US and India |
K. Kiran Kumar (IISc, Bangalore) Chiranjit Mukhopadyay (IISc, Bangalore) |
2002 | |
| 55 | Achieving an Individual Investor Friendly System using the power of the Internet | Karthik Krishnan | 2002 | |
| 56 | Empirical investigation of multi-factor asset pricing models using Artificial Neural Network | M V Kamath (S.J.M.S) | 2002 | |
| 57 | Merger Announcements and Insider Trading Activity in India: An Empirical Investigation |
Manish Agarwal (University of Delhi) Harminder Singh (University of Delhi) |
2002 | |
| 58 | Institutional Investors and Corporate Governance in India | Pitabas Mohanty | 2002 | |
| 59 | Econometric Estimation of Systematic Risk of S&P CNX Nifty Constituents | A.V.Lakshmi Narayana | 2001 | |
| 60 | Stock Market Development and its Impact on the Financing Pattern of the Indian Corporate Sector | Parthapratim Pal | 2001 | |
| 61 | Efficiency of the Market for Small Stocks | Pitabas Mohanty | 2001 | |
| 62 | Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study |
Ram Kumar Kakani (XLRI) Biswatosh Saha (IIT-Kharagpur) V.N.Reddy (IIM-Kolkata) |
2001 | |
| 63 | Should pension funds invest in equities? An analysis of risk-return tradeoff and asset allocation decisions | Ranadev Goswami (IIM, Bangalore) | 2001 | |
NSE Data Room
NSE has set up a cloud-based research facility called the NSE Data Room (NDR) to allow researchers from academia and beyond to access granular market data. A cloud-based facility allows usage of data available within the NSE, and thus provides a platform that enables a wider spectrum of research opportunities.
Researchers would get access to NSE Data Room based on “NSE Data Dissemination and Operational Guidelines”. They can approach NSE’s Economic Policy & Research (EPR) department with their research proposals. All submitted proposals would be subjected to approval by an independent, external committee of referees, consisting of eminent academics in the field, and would be eligible for an NSE Research Grant (NRG) in the form of a time-bound access to the NDR to pursue their research interests.
Such a grant does not involve any other consideration, monetary or otherwise.
For further details, please write to dl-epr-all@nse.co.in
| S.No. | Title | Author | Presentation | Working Paper | White Paper |
|---|---|---|---|---|---|
| 1. | Bank Deposit Franchise, Interest Rate Risk, and Default Risk | Nirupama Kulkarni (CAFRAL) and Akshat Singh (University of Oxford) | |
|
|
| 2. | Does the type of settlement matter? Evidence from Indian Derivatives Market | Prachi Jain (Indian Institute of Management Indore) | |
|
|
| 3. | What happens when ratings shopping is visible? Evidence from unaccepted ratings disclosure in India | Sanjay Kallapur (Indian School of Business), Abdul Khizer (Indian School of Business), Hariom Manchiraju (Indian School of Business) and Rajesh Vijayaraghavan (University of British Columbia) | |
|
|
| 4. | Do Too Many Cooks Spoil the Broth? Multiple Politicians, Firm Entry and Economic Growth | Harsha Dutta (Hong Kong University of Science and Technology), Pulak Ghosh (Indian Institute of Management Bangalore), Arkodipta Sarkar (Hong Kong University of Science and Technology) and Nishant Vats (Booth School of Business, University of Chicago) | |
|
|
| 5. | Identifying HFT Activity without Proprietary Data | Bidisha Chakrabarty (Saint Louis University), Carole Comerton-Forde (UNSW Sydney) and Roberto Pascual (University of the Balearic Islands) | |
|
|
| 6. | Effectiveness of Additional Surveillance Measures–Empirical study using Indian market data | Latha Chari (National Institute of Securities Markets) and Mohd Merajuddin Inamdar (National Institute of Securities Markets) | |
|
|
| 7. | Winds of Change: Gender Quota on Boards in the Face of Patriarchy | Lakshmi Naaraayanan (London Business School) and Kasper Nielsen (Copenhagen Business School) | |
||
| 8. | Bank Presence and Health | Kim F Cramer (Columbia Business School) | |
|
| S.No. | Title | Author | Presentation | Working paper | White Paper |
|---|---|---|---|---|---|
| 1 | The Conflict Induced Costs of Lending | Mrinal Mishra and Prof. Steven Ongena (University of Zurich) | |
|
|
| 2 | The Power of a Financially Literate Woman in Intra-Household Financial Decision-Making | Dennis Philip, Anurag Banerjee and Kamlesh Kumar (Durham University Business School) and Iftekhar Hasan (Fordham University) | |
|
|
| 3 | Do Government Guarantees Help Financial Stability? Evidence from an Emerging Market | Madhu Kalimipalli (Wilfrid Laurier University), Vijay Marisetty (University of Hyderabad) and Prof. R. L, Shankar (Case Western Reserve University) | |
|
|
| 4 | Correlated Portfolio Inventory Risk of Liquidity Providers: Frictions and Market Fragility | Pradeep Yadav (University of Oklahoma), Roman Kozhan (University of Warwick) and Vikas Raman (Lancaster University) | |
|
|
| 5 | Speculation Price Limits and IPO Markets Evidence from a natural experiment | Rama Seth (Copenhagen Business School & IIM Calcutta), Vladimir Gatchev, Ajai Singh (University of Central Florida) and Prof. Vishwanath S R (Shiv Nadar University) | |
|
|
| 6 | What Explains Geographic Variation in Corporate Investment? | Nishant Vats and Shohini Kundu (University of Chicago) | |
|
|
| S.No. | Title | Author | Summary | Working Paper | White Paper | Presentation |
|---|---|---|---|---|---|---|
| 1 | Algorithmic traders and volatility information trading | Anirban Banerjee (IIM Kozhikode) and Ashok Banerjee (IIM Calcutta) | |
|
|
|
| 2 | Fintech and credit scoring for the millennial generation | Alok Shashwat (Indian School of Business), Sumit Agarwal (National University of Singapore), Pulak Ghosh (IIM Bangalore) and Sudip Gupta (Fordham University) | |
|
|
|
| 3 | Disclosure transparency and voting outcomes | Wen He (University of Queensland), Ankit Jain (University of Queensland) and Shyam Sunder (University of Arizona) | |
|
|
|
| 4 | Rules vs discretion: Impact of trading rules on market quality and trader behavior | Nidhi Aggarwal (IIM Udaipur), Surbhi Bhatia (Mint) and Bhargavi Zaveri (Finance Research Group) | |
|
|
|
| 5 | Textual disclosures and retail investors | Ankit Jain (University of Queensland), Abdul Khizer (Indian School of Business) and Rambhadran Thirumalai (Indian School of Business) | |
|
|
|
| 6 | Do social ties trump collateral in determining loan performance? | Sumit Agarwal (National University of Singapore), Prasanna Tantri (Indian School of Business) and Nitin Vishen (Indian School of Business) | |
|
|
|
| 7 | Unearthing zombies: Regulatory intervention to aid bankruptcy reform | Nirupama Kulkarni (CAFRAL), S. K. Ritadhi (RBI), Siddharth Vij (University of Georgia) and Katherine Waldock (Georgetown University) | |
|
||
| 8 | State-owned banks in India | Golaka Nath (CCIL), Nagpurnanand Prabhala (Johns Hopkins University Carey Business School) and Nishant Vats (University of Chicago Booth School of Business) | |
| S.No. | Title | Author | Working Paper | Presentation |
|---|---|---|---|---|
| 1 | Insiders' Other Trades | Prachi Deuskar (Indian School of Business), Aditi Khatri (University of Arizona) and Jayanthi Sunder (University of Arizona) | |
|
| 2 | Are algorithmic traders distracted? Evidence from Indian financial markets | Ashok Banerjee and Kamran Quddus (Indian Institute of Management Calcutta) | |
|
| 3 | Violence and investor behavior: Evidence from terrorist attacks | Vikas Agarwal (Georgia State University), Pulak Ghosh (Indian Institute of Management Bangalore) and Haibei Zhao (Lehigh University) | |
|
| 4 | How Good are Bank Loan Ratings in India for Listed and Unlisted Firms? | Yadav Gopalan (Indiana University), Radhakrishnan Gopalan (Washington University) and Kevin Koharki (Purdue University) | |
|
| 5 | How do Debt Market Reacts to Mandatory CSR? Evidence from the Indian Companies Act 2013 | Jitendra Aswani, N. K. Chidambaran, Iftekhar Hasan (Fordham University) | |
|
| 6 | Can Preferential Allotment of Equity Mitigate the Underinvestment Problem in Emerging Markets? Theory and Evidence | V. Ravi Anshuman, Venkatesh Panchapagesan (IIM Bangalore) and Marti Subrahmanyam (NYU Stern) | |
|
| 7 | The growing impact of US monetary policy on emerging financial markets: Evidence from India | Aeimit Lakdawala (Michigan State University) | |
|
| 8 | A new order of financing investments: Evidence from acquisitions by India's listed firms | Varun Jindal (IIM Calcutta) and Rama Seth (Copenhagen Business School) | |
|
Keynote Speech
| Title | Author | Downloads |
|---|---|---|
| Global Spillovers: Managing Capital Flows and Forex Reserves | Dr. Viral Acharya, Deputy Governor of RBI | |
| Developing Corporate Bond Market – The Unfinished Agenda | Shri Ajay Tyagi, Chairman SEBI | |
| S.No. | Title | Author | Working Paper | Presentation |
|---|---|---|---|---|
| 1 | Digital Payments Adoption by Indian Households and Retailers Post Demonetization: Combined TAM and Decomposed TPB Approach | Anubhuti Dwivedi (Asian Business School) | |
|
| 2 | Order Exposure in High Frequency Markets | Bidisha Chakrabarty (Saint Louis University), Terrence Hendershott (Berkley Haas School of Business), Samarpan Nawn (Indian Institute of Management Udaipur) and Roberto Pascual (University of the Balearic Islands) | |
|
| 3 | On the Interconnectedness of Financial Institutions: Emerging Markets Experience | Sanjiv R. Das (Santa Clara University) and Madhu Kalimipalli (Wilfrid Laurier University) | |
|
| 4 | Informativeness of Orders in Electronic Limit Order Book Markets: A Revealed Preference Framework | Sudip Gupta (Gabelli School of Business, Fordham University), Vikas Raman, (University of Lancaster) and Pradeep Yadav (Price College of Business, Oklahoma University) | |
|
| 5 | Does Piggybacking on Insider Trades Benefit Brokers? | Aditi Khatri (University of Arizona) | |
|
| 6 | Does Judicial Efficiency affect Corporate Investment? | Nishant Vats (University of Chicago Booth School of Business) | |
|
| 7 | The Relationship Dilemma: Organizational Culture and The Adoption of New Technology by Banks in India | Prachi Mishra (IMF), Nagpurnanand Prabhala (University of Maryland) and Raghuram Rajan (University of Chicago) | |
|
| 8 | Costs and Benefits of Regulatory Interventions in Stock Markets: A Case of Minimum Public Shareholding Rule in India | V. Ravi Anshuman and Venkatesh Panchapagesan (IIM Bangalore) | |
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | Uncovered Equity “Disparity” in Emerging Markets | Ana-Maria Fuertes, Kate Phylaktis and Cheng Yan | |
|
| 2 | Liquidity Shocks and Arbitrageur Activity | V. Ravi Anshuman, Prachi Deuskar, Krishnamurthy V. Subramanian and Ramabhadran S. Thirumalai | |
|
| 3 | The role of insider trading in the market reaction to news releases: Evidence from an emerging market | Francois Brochet, Paul Lee and Suraj Srinivasan | |
|
| 4 | Stock market participation in the aftermath of an accounting scandal | Renuka Sane | |
|
| 5 | Foreign Currency Borrowing of Corporations as Carry Trades: Evidence from India | Viral V. Acharya and Siddharth Vij | |
|
| 6 | How Do Small Investors Impact Derivative Markets? Evidence From A Policy Experiment | Ankit Jain, Mrinal Mishra and Prasanna Tantri | |
|
| 7 | Creditor Rights and Corporate Labor Policy: Evidence from a Policy Experiment | Shashwat Alok, Ritam Chaurey and Vasudha Nukala | |
|
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | Central Banks and Dynamics of Bond Market Liquidity | Prachi Deuskar (Indian School of Business), Timothy C. Johnson (GIES College of Business, University of Illinois) |
|
|
| 2 | Do Derivatives Matter?: Evidence From A Policy Experiment | Deepak Agrawal (ISB, Hyderabad), K R Subramanyam (USC Marshall School of Businesss), Prasanna Tantri (ISB, Hyderabad), and Ramabhadran S Thirumalai, (ISB, Mohali) |
|
|
| 3 | Do Programs Mandating Small Business Lending Disincentivize Growth? Evidence From a Policy Experiment | Gursharan Bhue (University of Chicago), Nagpurnanand Prabhala (CAFRAL) and Prasanna Tantri (ISB, Hyderabad) | |
|
| 4 | Financial Development and Occupational Choice | Rajeev Dehejia (New York University) and Nandini Gupta (Kelley School of Business, Indiana University) | |
|
| 5 | Foreign Institutional Investor Trading and Future Returns: Evidence From an Emerging Economy | Murugappa (Murgie) Krishnan ( William Paterson University) and Srinivasan Rangan (Indian Institute of Management Bangalore) | |
|
| 6 | Non-rating revenue and conflicts of interest | Ramin P. Baghai (Stockholm School of Economics) and Bo Becker (Stockholm School of Economics) |
|
|
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | A Model of Infrastructure Financing | Viral Acharya (NYU Stern) and Suresh Sundaresan (Columbia University) | |
|
| 2 | Auctioning the Underwriting Spread: Implications for Information Production and Insurance | Sudip Gupta (Kelley School of Business, Indiana University), Rangarajan K. Sundaram (NYU Stern) and M. Suresh Sundaresan (Graduate School of Business, Columbia University) |
|
|
| 3 | Do Insiders Who Pledge their Shares Manipulate Reported Earnings? | Aman Asija (Indian Institute of Management, Shillong), Vijaya B. Marisetty (RMIT University) and Srinivasan Rangan (Indian Institute of Management, Bangalore) |
|
|
| 4 | Do regulatory hurdles on algorithmic trading work? | Nidhi Aggarwal (IGIDR), Venkatesh Panchapagesan (IIM Bangalore) and Susan Thomas (IGIDR) | |
|
| 5 | "Government guarantees and bank vulnerability during the Financial Crisis of 2007 – 09: Evidence from an Emerging Market" | Viral Acharya (NYU Stern) and Nirupama Kulkarni (Haas School of Business, Berkeley) | |
|
| 6 | How do High-Frequency Traders Trade? | Nupur Pavan Bang (ISB, Hyderabad) and Ramabhadran S. Thirumalai (ISB, Mohali) | |
|
| 7 | Leverage constraints and liquidity | C. Bige Kahraman (Oxford Said Business School) and Heather Tookes (Yale School of Management) | |
|
| 8 | Man vs. Machine: Liquidity Provision and Market Fragility | Vikas Raman (Warwick Business School), Michel Robe (Kogod School of Business, American University) and Pradeep K. Yadav (Price College of Business, University of Oklahoma) | |
|
| 9 | Soft Information and the Cost of Job Rotation: Evidence of loan Officer Rotation | Krishnamurthy Subramanian, Prasanna Tantri and Subhendu Bhowal (ISB) | |
|
Prelude to Working Paper Series
Brief Summary of Working Paper Series
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | Foreign Fund Flows and Stock Returns: Evidence from India | Viral V. Acharya (NYU Stern), V. Ravi Anshuman, (IIM Bangalore) and Kiran Kumar (NISM) | |
|
| 2 | Liquidity Provision and Market Fragility | Mila Getmansky (University of Massachusetts), Ravi Jagannathan (Kellogg School of Management), Loriana Pelizzon (University of Venice) and Ernst Schaumburg (Federal Reserve Bank of New York) | |
|
| 3 | Low latency trading and the comovement of order flow, prices,and market conditions | Ekkehart Boehmer (Edhec Business School) and R. L. Shankar (IFMR) | |
|
| 4 | Anchor Investors in IPOs | Amit Bubna (ISB), and Nagpurnanand Prabhala (University of Maryland) | |
|
| 5 | Do Indian Business Group Owned Mutual Funds Maximize Value For Their Investors? | Pulak Ghosh (IIM Bangalore), Jayant R. Kale (Georgia State University) and Venkatesh Panchapagesan (IIM-Bangalore) | |
|
| 6 | Pricing of International 144 A Debt: Evidence from the US Secondary Bond Market | Alan G Huang (University of Waterloo), Madhu Kalimipalli, Subhankar Nayak (Wilfrid Laurier University) and Latha Ramchand (University of Houston) | |
|
| 7 | Dividend Tax Effects – Evidence from India | Shobhit Aggarwal (IIM Bangalore) | |
- |
Quarterly Briefing on:
ESG Rating Agencies in the Regulatory Cross Hairs (.pdf)
Chief Contributor: Paul Smith, Kubra Koldemir, Andrea Webster and Ayse Kasikci
October 2022
Archives of Quarterly Briefings
Recognizing the important role that stock exchanges play in enhancing corporate governance (CG) standards, NSE has organized new initiatives relating to CG. To encourage best standards of CG among the Indian corporates and to keep them abreast of the emerging and existing issues, in December, 2012, NSE set up a Centre for Excellence in Corporate Governance (NSE CECG), which is an independent expert advisory body comprising eminent domain experts, academics and practitioners. The expert body discuss CG issues and development from time to time. The ‘Quarterly Briefing’, a note that offers an analysis of one emerging or existing CG issue, is a product emerging from these discussions.
| Name | Designation |
|---|---|
| Deepak M. Satwalekar | Former MD & CEO, HDFC Standard Life Insurance Company Ltd. |
| Nawshir Mirza | Professional Independent Director |
| Sharad Abhyankar | Commercial Lawyer and M&A Partner, Khaitan & Co. |
| Subrata Sarkar | Professor, IGIDR |
| Umakanth Varottil | Assistant Professor, National University of Singapore |
| Vikramaditya Khanna | Professor, University of Michigan Law School |
| Tirthankar Patnaik | Member Secretary, NSE CECG |
Indian Institute of Management Bangalore
| S.No. | Title | Author |
|---|---|---|
| August 2013 | ||
| 1 | Corporate Governance Issues in Executive Compensation: The Indian experience (2008–2012) | Bala N. Balasubramanian, Samir Kumar Barua, D. Karthik |
| 2 | Building the Women Directorship Pipeline in India: an exploratory study | Vasanthi Srinivasan & Rejie George |
| 3 | An Analysis of Related-Party Transactions in India | Padmini Srinivasan |
| 4 | Corporate Sustainability Initiatives Reporting: A study of India’s most valuable companies | P.D. Jose & Sourabh Saraf |
Indira Gandhi Institute of Development Research (IGIDR)
NSE-IGIDR Corporate Governance Research Initiative 2017
| S.No. | Title | Author | White Paper | Working Paper |
|---|---|---|---|---|
| 1 | Corporate Governance Reform and Risk-taking: Evidence from an Emerging Market | Santosh Koirala, Andrew Marshall, Suman Neupane and Chandra Thapa | |
|
| 2 | Motives and Consequences of Related Party Transactions Before Initial Public Offerings | Srinivasan Rangan, Prabhu Venkatachalam | |
|
| 3 | Law and Finance: How the Xinfang System Influences Modern Finance in China | Jiafu An, Jo Danbolt, Wenxuan Hou and Ross Levine | |
|
| 4 | Block Trades, Market Reaction, and Monitoring Role: Evidence from India | Kavitha Ranganathan, Poonam Singh | |
|
| 5 | Women on Audit Committees and the relationship between Related Party Transactions and Earnings Management: Evidence from India | S.G. Badrinath, Akanksha Jalan | |
|
| 6 | Academic Directors on Bank Boards: Do They Really Add Value? | Saibal Ghosh, Nishant Vats | |
|
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | Monitoring by Institutional Investors and its Influence on Equity Issue | Dr. Supriya Katti Dr. B.V. Phani |
|
|
| 2 | The Decision to Go Public: Does Business Group Affiliation matter ? | Suja Sekhar Jijo Lukose P.J |
|
|
| 3 | The Role of Corporate Governance for Acquisitions by the Emerging Market Multinationals: Evidence from India | Burcin Col Kaustav Sen |
|
|
| 4 | An Analysis of Corporate Insider Trading and Earnings Announcements in India | Murugappa Krishnan Srinivasan Rangan |
|
|
| 5 | Do Bank Boards Focus Adequately On Risk ? | Samanvaya Agarwal, Saipriya Kamath, Krishnamurthy Subramanian, Prasanna Tantri | |
|
| 6 | Women on Board and Performance of Family Firms: Evidence from India | Jayati Sarkar Ekta Selarka |
|
|
| S.No. | Title | Author | Working Paper | White Paper |
|---|---|---|---|---|
| 1 | Board characteristics, ownership structure and the market for corporate control in India | Bipin Dixit | |
|
| 2 | Impact of Board Characteristics on Firm Performance: A comparison of private sector firms with SOEs in India | Dr. Sangeetha Gunasekar, Ms. K G Sofi Dinesh | |
|
| 3 | Impact of business group affiliation on the cost of debt: Evidence from India | Narahari Hansoge | |
|
| 4 | Tie-in-Agreements in IPOs: Evidence from India | Suman Neupane, S. Ghon Rhee, Madhu Veeraraghavan | |
|
| 5 | Role of Audit Committee and Audit Quality on the Earnings Informativeness in India | Krishna Prasanna, Geeta Ramanathan, Bharat Arora | |
|
| 6 | Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India | Jayati Sarkar, Subrata Sarkar | |
|
Updated on: 09/05/2023
