India Finance Conference (IFC) 2018


DECEMBER 20-22, 2018



The India Finance Conference 2018 (IFC 2018), the annual event of the Indian Finance Association (IFA), invites papers for its eighth edition to be held at the Indian Institute of Management Calcutta, Kolkata from 20-22 December, 2018. The annual conference is jointly organized by the Indian Institute of Management Ahmedabad (IIMA), Indian Institute of Management Bangalore (IIMB), and Indian Institute of Management Calcutta (IIMC). Academics, researchers, doctoral students, and practitioners are invited and encouraged to submit research papers in all areas of finance.


Theoretical and empirical asset pricing
Corporate finance, capital structure and dividend policy
Asset allocation and investment management
Financial crises, systemic risk and macro-finance
Quality of financial reporting and adoption of IFRS
Corporate governance, executive compensation and ownership structure
Computational finance and financial econometrics
Financial risk analytics and management
Market microstructure and algorithmic trading
Financial policy choice, institutions and regulation
Financial literacy and financial education
Financial Analytics


Indian Institute of Management Calcutta, abbreviated as IIM Calcutta or IIMC, is a public business school located in Kolkata (Calcutta), West Bengal, India. It was the first Indian Institute of Management to be established. It is consistently ranked as one of the best business schools in India and the Asia-Pacific region. Established in 1961, IIM Calcutta is a fully autonomous institution and offers several postgraduate and doctoral programmes, in management, as well as a bouquet of executive education programmes. In addition to its main academic programmes, IIM-C is also engaged in research, consultancy, seminars, academic conferences and research publications.

IIM Calcutta’s programs are accredited by AACSB, AMBA and EQUIS: it is the only Indian b-school with these three global accreditations. It is the only Indian business school that is a member of the Global Alliance in Management Education (CEMS). IIM-C is especially renowned for its finance-related courses, and is widely considered to be one of the best business schools in the world for finance.

IIM Calcutta has set up a state-of-the-art Financial Research and Trading Lab (the Finance Lab) in November 2008. The Finance Lab at IIM Calcutta gives an opportunity to students and faculty members to test financial models with “live” information from the major markets of the world like India’s National Stock Exchange, Multi Commodity Exchange, National Commodity and Derivatives Exchange, Bombay Stock Exchange and Bloomberg. The lab is the only one of its kind in India, and has advanced industry-standard equipment and facilities including 78 trading terminals, trading simulators and Bloomberg Terminals.

The Lab resources can be used to develop, test trading algorithms, identify market abuse, executive education and in organising international and national conferences on finance. The laboratory gives students a hands-on experience in financial market data analysis and modelling, and also helps in advanced applied research in financial markets. Information on the Finance Lab is available at

For more information visit

Established in 1973, Indian Institute of Management Bangalore (IIMB) today offers a range of post-graduate and doctoral level courses as well as executive education programs. IIMB has been recognized as the No. 1 Business School in Central Asia by Eduniversal, a French Consultancy Group, for the last three consecutive years. IIMB has also obtained the European Quality Improvement System (EQUIS) accreditation awarded by the European Foundation for Management Education (EFMD). IIMB Centres of Excellence are engaged in adding value to their communities in the areas of Public Policy, Capital Markets & Financial Management, Corporate Governance, Entrepreneurship, Public Policy, Software and Supply Chain Management, to name a few. With a faculty body from amongst the best universities worldwide, IIMB is fast emerging as a leader in the area of management research, education and consulting.

For more information visit

Indian Institute of Management Ahmedabad (IIMA) has evolved from being India’s premier management institute to a notable international school of management in just four decades. It all started with Dr. Vikram Sarabhai and a few spirited industrialists realizing that agriculture, education, health, transportation, population control, energy and public administration were vital elements in a growing society, and that it was necessary to efficiently manage these industries. “The result was the creation of the Indian Institute of Management, Ahmedabad in 1961 as an autonomous body with the active collaboration of the Government of India, Government of Gujarat and the industrial sectors.”

It was evident that to have a vision was not enough. Effective governance and quality education were seen as critical aspects. From the very start the founders introduced the concept of faculty governance: all members of the faculty play an important role in administering the diverse academic and non-academic activities of the Institute. The empowerment of the faculty has been the propelling force behind the high quality of learning experience at IIMA. The Institute had initial collaboration with Harvard Business School. This collaboration greatly influenced the Institute’s approach to education. Gradually, it emerged as a confluence of the best of Eastern and Western values.

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The IFC 2018 invites full papers for conference presentations, CRISIL Doctoral Symposium and CFA Investment Management sessions. The deadline for submitting papers under all three categories through the conference website is 24 August, 2018.

Only full paper submissions would be considered.



There will be three best paper awards given at the conference. These will be the “Emerald – IFC 2018 Best Paper” awards. The papers will be chosen by a panel of experts from the papers presented at the conference.

The “Emerald – IFC 2018 Best Paper” awards will comprise of a cash award and a certificate and shall be presented on the second day of the conference, i.e. on 21 December 2018.



The CRISIL Doctoral Symposium provides a platform to the budding researchers to present their contemporary research in the area of finance, accounting, risk and analytics. The conference committee of IFA, in consultation with CRSIL, will shortlist the papers that will be presented at the CRISIL Doctoral Symposium. CRISIL will reward the top three papers with a certificate and cash prize. Doctoral students who wish to submit their full papers under this category should mention ‘CRISIL’ on top of title page of the paper. If not mentioned, the conference committee also has the right to include a paper in this category.


The CFA Investment Management provides a platform to the participants to present their contemporary research in the area of Investments and Asset Pricing. CFA Institute India has agreed to sponsor up to three “CFA Institute Investment Management Awards”. Each award constituted a certificate and a cash award of USD 500. Participants who wish to submit their full papers under this category should mention ‘CFA Investment Management’ on top of title page of the paper.

To be eligible to be considered for the CFA Institute Investment Management Awards, authors will need authorise IFA to upload a detailed abstract of research paper OR the full research paper onto the CFA Institute Asia – Pacific Research Exchange website,


Submissions which are not accepted for presentation in the concurrent sessions may be chosen for poster session. Guidelines for poster presentation:

“The poster presenters will be given an A1 size space to present their posters. They can either prepare a poster or put up PPTs within that space.”


PDF submissions are preferred. The document must be in double space format using 12 point font size. The submission should contain: The title, name(s) of the author(s), affiliation(s), JEL classification codes, and e-mail address of each author. For online registration and paper submission, please visit the conference website


Tutorial sessions will be conducted on 19 December, 2018 by eminent academicians from India and abroad. Tutorials will be particularly useful for research scholars and academicians.

The tutorial aims to deliberate on the evolution, structure, market mechanism, participants and pricing of the debt market products in India including interest rate derivatives. The tutorial will also cover the issues and steps necessary to further develop the Indian debt market especially the corporate bond market.

Tutorial 1:

Topic : Mutual Fund

Speaker : Dr. Apoorva Javadekar (Research Director, CAFRAL (RBI))

Tutorial 2: 

Topic:  Modelling Financial Time Series- from low frequency to high frequency

Speaker : Prof. Samit Paul, Assistant Professor of Finance, IIM Calcutta


In order to register for the Conference you need to visit and complete the online registration form. The registration fee is:

Indian academics (IFA member)

INR 4000

Indian academics (non-member)

INR 5000

Overseas academics (IFA member)

INR 11700 (USD 180@ INR 65 per USD)

Overseas academics (non-member)

INR 13000 (USD 200@ INR 65 per USD)

Industry Participants (IFA member)

INR 14000

Industry Participants (non-member)

INR 15000

Pre-conference tutorial

INR 1000

The deadline to register for the conference is November 30, 2018.

The registration fee for the event covers attendance, program kit, lunches, conference dinner and light refreshments. Accommodation is not included.

In case of cancellation of registration up to 15 working days before the event, a refund of the registration fee net of 10% processing charges shall be made. No refunds can be made for cancellations less than 15 working days prior to the event. All refunds will be processed after the conclusion of the conference.



The participants at the conference have to make their own arrangements for accommodation. Limited accommodation on first – come – first – served basis shall be available on IIMC campus, against payment at the Management Development Centre. Accommodation shall be charged separately – the cost is going to be ₹ 3540/-  (including GST) per night for double rooms & this shall include the room tariff only.

In order to book a room in IIMC campus you need to first register here for the conference and then drop an email to for booking a room in MDC.

Kolkata has many good hotels to stay. Below are a few suggestive links of websites that provide online booking facilities for hotels in Kolkata.

Apart from these, there are a host of other hotels in Kolkata that participants can choose from.


The City of Kolkata


Kolkata, one of the largest cities of India, is rich in cultural values and traditions. In addition to IIMC, Kolkata boasts of a number of exceptional academic and research institutes such as Indian Statistical Institute, Jadavpur University, Bengal Engineering & Science University, Shibpur, Indian Art College, Saha Institute of Nuclear Physics, Jute Research Institute etc.

Bordered by the famous Hooghly River on the west, Kolkata boasts of many places of historical and scientific importance like Victoria Memorial Hall, Birla Planetarium, Indian Museum, Botanical Garden, and Science City etc.

Kolkata, the “City of Joy”, may also be termed as one of the pioneers in starting the freedom movement in India, and B.B.D.Bag stands as a reflection of the sacrificed lives for freedom. Howrah Bridge is the only cantilever bridge in the country, and it connects the busy city with Howrah and other important roadways to India.

The city is well connected by air and rail to all major cities in India. It has an International Airport and is connected to major cities of Asia, Europe, USA and the Gulf.

The city has stretches of hot seasons as well as rainy seasons and moderate winter seasons. Generally during April to June temperature is fairly high, rains will be there during July to September and December- January are moderately cold days.

December to January is the best time to visit Kolkata.  The weather is pleasurable with temperatures around 20 C. Early mornings are foggy and ideal for leisurely walks.


Getting to Kolkata:


One of the four metros of India, Kolkata is known for its richness in culture and presently the fast developing Information Technology industry. The developments in the city have pressed the demand for better communication of Kolkata to all other cities of the country. The city is brilliantly connected not only to the different parts of India but also to the different corners of the world too. The city is blessed with connections through the air, road, train and boat from almost every point of the country. The communication facilities have paved the way for getting to Kolkata (by Air, Train, Boat, Road) an easy affair to handle. The city has all the facilities of International airport to the busiest railway stations to the crowded bus stations and a large port serving to the needs of the travelers.

The communication facilities to Kolkata not only helps the long distance travelers to get to Kolkata but it also is the way of thoroughfare for nearly a million people daily. A huge population from the nearby suburban areas of Kolkata commutes on a daily basis through the bus, trains and boat service of Kolkata.


By Air:


Kolkata is home to two different airports. One is for the Domestic purpose called Dumdum Airport and the one for the International destinations called the Netaji Subhash Chandra Bose International Airport. Kolkata is connected to almost all destinations of the country via direct or hopping flights. Besides the major cities of the country the airways of the Kolkata connects Jorhat, Lucknow, Nagpur, Patna, Port Blair, Ranchi, Silchar, Tezpur, Visakhapatnam, Amritsar and Leh to the city.

Kolkata is also connected to the major destinations of the world. Around ten international airways operates from Kolkata.




By Train:


Kolkata is very well connected by train to all parts of the country – for further details about the train connections as well as availability, please refer to the Indian Railways website (


Getting to IIM Calcutta Campus:


The IIMC campus is at Joka, about 35 kms from Kolkata airport and 20 kms from Howrah / Sealdah railway station. On arrival you can hire a taxi. The fare from the airport to IIMC is about Rs 400. It is about Rs 300 from Howrah station. IIMC does not make any transportation arrangements for participants.


Contact the Conference secretariat: