Conference Announcement: SECOND JOINT CAF-FIC-SIFR CONFERENCE ON EMERGING MARKET FINANCE

                 SECOND JOINT CAF-FIC-SIFR CONFERENCE
                      ON EMERGING MARKET FINANCE

                              Stockholm,
             Royal Swedish Academy of Engineering Sciences

                         April 17 - 19, 2008


     Starting 2007, the Centre for Analytical Finance (CAF) at
     the Indian School of Business, Hyderabad, the Financial
     Institutions Center (FIC) at the Wharton School, and the
     Swedish Institute for Financial Research (SIFR) at
     Stockholm organize joint research conferences in the area
     of emerging market finance. The conferences are annual,
     held in spring, and rotate between Philadelphia, Stockholm,
     and Hyderabad.

     The second CAF - FIC - SIFR conference will be held in
     Stockholm, April 17-19, 2008. The theme for this year's
     conference is Emerging Market Finance. The conference will
     begin with a reception on the evening of Thursday, April
     17, and the sessions will be held on April 18 and 19.


     PAPER PRESENTATIONS:

     There will be a key-note address by Sendhil Mullainathan
     (Harvard University) and 11 paper presentations:

     "The Financial System Capacities of China and India"
     Authors: Franklin Allen (Wharton School), Rajesh
     Chakrabarti (Indian School of Business), Sankar De (Indian
     School of Business), Jun Qian (Boston College), and Meijun
     Qian (National University of Singapore)
     Discussant: Mariassunta Giannetti (Stockholm School of
     Economics)

     "Regulating Capital Flows to Emerging Markets: An
     Externality View"
     Author: Anton Korinek (University of Maryland)
     Discussant: Alessandra Bonfiglioli (Institute for Economic
     Analysis, Barcelona)

     "Diversification and Tunneling: Evidence from Indian
     Business Groups"
     Authors: Raja Kali (University of Arkansas) and Jayati
     Sarkar (Indira Gandhi Institute of Development Research)
     Discussant: Vikrant Vig (London Business School)

     "Value of Shareholder Activism: Evidence from the
     Switchers"
     Authors: Woochan Kim (KDI School of Public Policy and
     Management), Woojin Kim (Korea University Business School),
     and Kap-Sok Kwon (KT Corporation)
     Discussant: Stefano Rossi (Stockholm School of Economics)

     "Lending by Example: Direct and Indirect Effects of Foreign
     Bank Presence in Emerging Markets"
     Authors: Mariassunta Giannetti (Stockholm School of
     Economics) and Steven Ongena (Tilburg University)
     Discussant: Brandon Julio (London Business School)

     "The Differential Impact of Bank Liberalization"
     Authors: Rainer Haselman (Mainz University) and Vikram Vig
     (London Business School)
     Discussant: Raj Iyer (University of Amsterdam)

     "Trade Credit Supply, Market Power and the Matching of
     Trade Credit Terms"
     Authors: Daniela Fabbri (University of Amsterdam) and
     Leora Klapper (World Bank)
     Discussant: Vicente Cunat (London School Economics)

     "The Evolution of Corporate Ownership: Evidence from 34
     Countries"
     Authors: Fritz Foley and Robin Greenwood (Harvard Business
     School)
     Discussant: Edward Fee (Michigan State University and
     SIFR)

     "Share Issuance and Cross-Sectional Returns: International
     Evidence"
     Authors: David McLean (University of Alberta), Jeffrey
     Pontiff (Boston College), and Akiko Watanabe (University of
     Alberta)
     Discussant: Per Ostberg (Norwegian School of Economics and
     Business Administration, NHH)

     "Privatization with Negotiation: Evidence from the Split
     Share Structure Reform in China"
     Authors: Kai Li (University of British Columbia), Yan-
     Leung Cheung (City University of Hong Kong), Ping Jiang
     (City University of Hong Kong) and Tan Wang (University of
     British Columbia)
     Discussant: Ibolya Schindele (Norwegian School of Management, BI)

     "Stock Market Liberalization and the Going Public Decision"
     Authors: Radhakrishnan Gopalan (Washington University) and
     Todd Gormley (Washington University)
     Discussant: Francois Derrien (HEC Paris)


     FURTHER INFORMATION:

     Format for presentations: 25 minutes for presenters, 10
     minutes for discussants, and 10 minutes of general
     discussion.

     Local organizing committee: Magnus Dahlquist and Per
     Stromberg

     Program committee: Viral Acharya, Franklin Allen, Ulf
     Axelson, Geert Bekaert, Rajesh Chakrabarti, Bhagwan
     Chowdhry, Magnus Dahlquist, Sankar De, Mihir Desai, Ravi
     Jagannathan, Sendhil Mullainathan, Vinay Nair, Krishna
     Ramaswamy, Antoinette Schoar, Per Stromberg, Raghu
     Sundaram, and Pradeep Yadav


     REGISTRATION:

     If you want to register, please contact:

     CONTACT:       MAILTO:anki.helmer@sifr.org

     for further information. Please note that SIFR only
     reimburse presenting authors and discussants.

     For further information about the conference and program,
     please visit:

                    http://www.sifr.org
Posted 3/2/08