The Centre for Analytical Finance (CAF) at the Indian School of Business (ISB) hosted the Summer Research Conference 2007, during August 9-12, 2007. The theme of the Conference was - 'Recent Advances in Corporate Finance'. The purpose of the Conference was to serve as a platform for an exchange of ideas between the best financial researchers across the globe on some of the most important topics in corporate financing.

The Conference attracted a total of hundred research papers submitted by finance scholars around the world, out of which sixteen were selected. The criteria, as always, were originality of topic and innovative approach. The number as well as the high quality of submissions resulted in keen competition for selection. All accepted papers went through several rounds of reviewing: an initial round for appropriateness and quality and a final round when they were ranked against each other. The final reviewing committee included twenty world-wide experts, including the likes of Franklin Allen (Wharton), Bhagwan Chowdhry (UCLA), Stijn Claessens (IMF), and Francesca Cornelli (London Business School).

The Keynote Address

Professor Raghuram Rajan delivered the Keynote Address on Foreign Capital and Economic Growth in Developing Countries: Issues and Challenges. Professor Rajan is currently Eric J. Gleacher Distinguished Service Professor of Finance, Graduate School of Business, University of Chicago. Until recently, he was the Economic Counsellor and Director of Research at the International Monetary Fund - the first and youngest finance researcher to hold this very influential research position. Professor Rajan was the first Area Leader in Finance, during ISB’s formative years and had drafted the concept note on the CAF, playing a key role in its set up.



Contributions are invited for the October 2007 issue of Alma Matters. Please send in information on any events that have taken place or are being planned in your chapter as well as personal milestones that you would like to share with the ISB alumni community to