Research Summer School 2020


04 – 12 MAY, 2020

02 – 03 MAY, 2020



The Financial Research and Trading Laboratory of IIM Calcutta and Indian Finance Association is organizing the sixth summer school on Empirical Finance and Accounting Research during 4 – 12 May, 2020. This is a fully residential programme which will expose participants to classic papers published in top journals in different areas of Finance and Accounting research. These papers are carefully chosen by experts and contain the following two features:

  1. talk about interesting problems and focus on strong methodology; and
  2. replicable empirical findings.

The participants will be guided by a team of eminent faculty from India and abroad to walk through these papers to understand the ‘the art of writing’ high quality papers and in the process learn some solid research methods.

Like previous years, we have a pre-summer school segment as well during 2 – 3 May, 2020. The pre-summer school tutorial on Financial Econometrics will help participants learn important statistical methods and techniques that are commonly used in research in Finance and Accounting. The tutorial will cover the following topics:

  1. Basic Econometrics
  2. Event Study Methodology
  3. Multiple Regression Analysis
  4. Time Series Modelling
  5. Handling High Frequency Data

The pre-summer school tutorial fee is ₹ 10,000/- plus applicable GST for participants from India. The tutorial fee for overseas participants is US$ 300 plus applicable GST per person. The fee would include course materials, accommodation on twin sharing basis and all meals. Last date of registration is 31st March, 2020.


Selected research papers will be sent to the registered participants in advance. The participants are expected to read these papers thoroughly before attending the school. These papers will be drawn from five broad topics in the area of empirical finance and accounting. Each topic will be anchored by an eminent faculty.


  1. Corporate Governance
  2. Earnings Management
  3. Corporate Finance
  4. Market Microstructure
  5. Investments


Each paper will be discussed in detail highlighting the motivation, research questions, hypotheses building, methods used, and results. In the process of discussing a paper, participants will be given sufficient inputs on required methods. The participants will be divided into groups to work on each paper and present a research proposal with a pilot study using databases available at the Finance Lab of IIM Calcutta. Thus, each team will prepare and present a research proposal, which would contain problem statement, literature review, methodology suggested and results of the pilot study.


Each participant will have the following takeaways:

  1. Understand how to position a theme and identify valid research questions.
  2. Learn several research methods or concepts
  3. Empirically test hypotheses of a paper
  4. Learn the art of writing a paper

FACILITATORS (Research summer school)

Bidisha Chakrabarty

Dr. Bidisha Chakrabarty, is the Edward Jones Professor in Finance at The John Cook School of Business at Saint Louis University.

Chakrabarty, who is recognized for her teaching and research, has received a number of awards and recognitions including the Outstanding Faculty Award given by the John Cook School of Business Alumni Board, the Kwak Research Award for the best research productive faculty, the ICRIER policy paper grant and the National Stock Exchange of India Research Initiative Grant. She is an accomplished author and researcher on the topics of market microstructure, securities regulation, disclosure and market reaction, and market design and price discovery. She has published in academic journals, including the Journal of Banking and Finance, Journal of Accounting and Economics, Financial Management, Journal of Financial Research and Research in Accounting Regulations. Chakrabarty joined the faculty of the John Cook School of Business in 2003.

Ashok Banerjee

Ashok Banerjee joined the Indian Institute of Management, Calcutta (IIM-C) as Professor (Finance and Control) in August 2004. Prior to joining IIM-C, he was a professor at IIM Lucknow. He is a Postgraduate in Commerce from University of Calcutta and a qualified Chartered Accountant. He obtained his Ph.D. for his research on Economic Value Added as a Performance Measure. At IIM Calcutta, he is a senior Professor in the Finance and Control group, and takes several advanced courses in Finance like Financial Accountancy, Corporate Finance, Corporate Restructuring and Behavioural Finance. He is also the faculty in-charge of the Finance Research and Trading Lab at IIM-C. Banerjee’s primary research interests are in areas of Financial Time Series, Operational Risk Management, News Analytics and Mergers & Acquisitions.

Ashok Banerjee is the author of the book Financial Accounting: A Managerial Emphasis, which is widely used as a text book in Finance and Accountancy courses in Indian Business schools. In addition to this, Banerjee has also authored several research papers in major Finance & Management research journals.


Joshy Jacob

Prof. Joshy Jacob is a faculty member in the Finance & Accounting area at IIMA since April 2008. Prof. Joshy’s teaching and research interests are in behavioural finance, corporate finance, and empirical asset pricing. He has published many papers in leading international finance journals on issues related to asset pricing, market micro structure, corporate finance, and household financial behaviour. He is currently working on several research projects which examine the influence of irrational behaviour on both managerial decisions and stock market returns. He, jointly with colleagues, maintains a regularly updated data library that tracks the performance of the Indian equity market for the use of researchers. He is an Associate Editor of IIMB Management Review and is also the Editor of Vikalpa. He maintains a keen interest on applied issues in finance. He has served on expert sub-committees set by the Govt. of India and Niti Ayog.

Prof. Joshy is a Fellow from the Indian Institute of Management, Lucknow. He was awarded the Bharti Foundation Scholarship during the Fellow programme for outstanding academic performance.

Prasanna Tantri

Prasanna Tantri is the Senior Associate Director of the Center for Analytical Finance (CAF) at Indian School of Business. He is also heading NSE-ISB Trading Laboratory at Indian School of Business.  He has completed his PGP (MBA) from Indian School of Business (Class of 2011). He was associated with ICICI Prudential in his previous assignment. He is an active columnist in leading business newspapers such as Times of India, Economic Times, and Mint to name a few.

He works in the area of financial inter-mediation and market micro-structure. He is also an algorithmic trader. He is currently working on more than 20 active research projects.


Sudhakara Reddy

Dr. Sudhakara Reddy is currently assistant professor in the Finance and Control group of IIM Calcutta. He was a visiting scholar to Whitman School of Management, Syracuse University during 2011-2012. His current areas of research are Market Microstructure, Corporate finance with an emphasis on corporate governance mechanisms, Initial public Offerings and primary capital markets, etc. He has several research papers to his credit in reputed journals. He has conducted several MDP programs for reputed companies and trained several faculty members in the area of research in financial economics and research methods. He won couple of research awards from reputed institutes as well as Best faculty award from IBS Alumni federation. He participated and presented papers at several international conferences. He is currently the consulting editor of IUP journal of Applied Finance and ad-hoc reviewer for International Review of Economics & Finance, Managerial Finance, International Journal of Managerial Finance, Afro-Asian Journal of Finance & Accounting, and Global Business Review.

Arnab Bhattacharya

Arnab Bhattacharya is an Assistant Professor in the Finance and Control Group at IIM Calcutta. He is B.Tech. (Hons.) in Mechanical Engineering from IIT Kharagpur and MBA from IIM Ahmedabad. He has a Fellowship in Finance and Control Area from IIM Calcutta. Prior to joining IIM Calcutta, he was at IIM Indore as an Assistant Professor. Prior to joining academics, he has worked at UBS Securities as an Associate in the Investment Banking Division, and at Tata-Hitachi Construction Machinery as a Production Engineer in their Assembly Operations Unit.

FACILITATOR (pre summer school)


Prof. Samit Paul is currently assistant professor in the Finance and Control group of IIM Calcutta (IIM-C). He has completed his fellowship from IIM, Lucknow in the area of Finance and Accounting. His primary research interests lie in the area of market risk management, volatility modelling and portfolio



Pre Summer School – Faculty in the area of Finance and Accounting and PhD students in relevant areas can register for this pre summer school.

Research Summer School – Faculty members in the area of Finance and Accounting and PhD students in relevant areas are eligible to register for research summer school. Please note that faculty at the level of Associate Professor and Professor should have at least one publication. Maximum capacity for the research summer school is 40. Selection will be made by the organizers.


The course fee is ₹ 38,000 plus applicable GST per person for participants from India. The course fee for overseas participants is US$ 1000 plus applicable GST per person. The fee would include course materials, accommodation on twin sharing basis and all meals (Those who wants single accommodation have to pay ₹ 1500/- (plus GST) extra per night). Last date of registration is 31st March, 2020.


Pre Summer School – To register and pay, click here

Research Summer School – Each participant need to fill up a form and email the filled in form to Selection will be made by the organizers. To download the form, click here

The course fee payment link will be shared only with the selected candidates.


Please click here for the refund policy


The Financial Research and Trading Laboratory
Indian Institute of Management Calcutta
Diamond Harbour Road. Joka
Kolkata 700104


Ms. Priyanka Dasgupta
Assistant Manager
Financial Research and Trading Laboratory
Indian Institute of Management Calcutta
Diamond Harbour Road, Joka, Kolkata 700104