|
THE
INAUGURAL INTERNATIONAL CONFERENCE ON BUSINESS,
BANKING AND FINANCE
The University of the West Indies
St. Augustine
CONFERENCE
PROGRAMME |
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DAY
1 |
7:00 – 7:45 a.m.
R E G I S T R A T I O N
8:00 – 9:00 a.m.
O P E N I N G C E RE M O
N Y
W E L C O M E
Professor
Dilip Ghosh
Professor of Finance, UWI
and Conference Chair
O P E N I N G R E M A R K S
Dr.
Bhoendradatt Tewarie
Pro Vice Chancellor & Campus Prinicpal
R E M A R K S
Mr.
Ram Ramesh, CFA
Managing Director & CEO, Caribbean Money
Market Brokers
F E AT U R E A D D R E S S
The
Honourable Patrick Manning
Prime Minister of the Republic of Trinidad &
Tobago
C L O S I N G
Dr.
Anthony Bowrin
Lecturer, Department of Management Studies |
9:00
– 9:30 a.m.
COFFEE BREAK
9:30
– 10:45 a.m.
Sessions 1 -3 |
Session
One
Financial Engineering |
Chair: Arnold C. Cowan “On
Derivatives and Information,” Mondher
Bellalah. 
“Liquidity
Costs and No-Arbitrage Trading Strategies,”
Lloyd P. Blenman and Leo Bin.
“Modeling
Stochastic Political Risk for Capital Budgeting,”
Ephraim Clark.
Discussants:
Victor Vaugirard
Elind K. Fishman
Arvind Mahendru
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Session
Two
Caribbean and Emerging Economies |
Chair: Shekar
Shetty “Partner
to Plurocrat: The Separation of Ownership from
Management in Emerging Capital Markets –
19th Century Industrial America,” Christian
C. Day.
“Does
the Stock Market Promote Economic Growth in
Nigeria?” Tokunbo Simbowale Osinubi.
Discussants:
Elias C. Grivoyannis
Krishnan Dandapani
Terese Pactwa
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Session
Three
Issues on Banking and Financial Institutions |
Chair: David
Rampersad “The
Effect of Credit Rating Actions on Bond Yields
in the Caribbean,” Wayne Dass.
“Is
the Survival of Small Commercial Banks Threatened?
A Comparative Performance Evaluation of US Commercial
Banks: 1997-2002,” Chiaku C. Ndu.
“Banking
Sector and Opportunities in India,” Nachiket
Mor.
Discussants:
Suchismita Mishra
Elias C. Grivoyannis
Taan Maraj |
10:45
a.m. – 12:15 p.m.
Sessions 4 - 6
|
Session
Four
Electronic Finance and E-Business |
Chair: Roger
Hosein “Extensible
Business Reporting Language: The Fortune of
E-Commerce-Driven Accounting,” Rashmi
Malhotra and Fran Garritt.
“Price
Determination in the Internet,” Krishnan
Dandapani and Walfried Lassar.
“Electronic
Money in the Evolution of our Payments Mechanism,”
Elias C. Grivoyannis.
Discussants:
Shahid Hamid
Natacha Valla
Vindel L. Kerr
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Session
Five
Ethics and Corporate Governance |
Chair: Ali Parhizgari
“Corporate
Governance: An Ethical Perspective,” Surendra
Arjoon.
“Corporate
Social Responsibility and Investment in Banking,
Business and Finance,” Melise D. Huggins.
“Towards
a Caribbean-Wide Corporate Governance Framework,”
Vindel L. Kerr.
Discussants:
Raquibuz Zaman
Davinder K. Malhotra
Trevor Farrell
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Session
Six
Asset Allocations and Portfolio Diversification |
Chair: John Malindretos “Globalization,
Foreign Direct Investment and Wage Inequality
in a Small Petroleum Economy” Bhoendradatt
Tewarie and Roger Hosein
“Economic
and Non-economic Factors in the Flow of Foreign
Direct Investment: An Examination,” Raquibuz
Zaman.
“Global
Diversification: Developed and Emerging Economies,”
C.S. Bhatnagar and Dipasri Ghosh.
Discussants:
Mahendra Raj
Manuel Jose da Rocha Armada
John Malindretos
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12:15
– 1:45 p.m.
LUNCH & GOVERNOR’S SPEECH
2:00
– 3:30 p.m.
Sessions 7 - 9
|
Session
Seven
Transnational Financial Architecture |
Chair: Stephen Brown
“UK
and European Monetary Union (EMU),” Elinda
K. Fishman.
“Implications
of the General Agreement on Trade in Services
(GATS) for Trinidad and Tobago’s Financial
Policy,” Dennis Gayle and Roger Hosein.
“ASEAN
DOLLAR: A Common Currency Establishment for
Stronger Economic Growth of ASEAN Region,”
Aman Agarwal, J.H.W. Penm, Wing-Keung Wong and
Lynn M. Martin.
Discussants:
Ephraim Clark
Aman Agarwal
Edgar Ortiz
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Session
Eight
Managerial Finance/Investment |
Chair: Arun J.
Prakash
“Parametric
and Non-Parametric Analysis of Performance Persistence
in Spanish Investment Funds,” Luis Ferruz,
José Luis Sarto and Maria Vargas.
“What
Drives the Unification of Multiple Voting Class
Shares?” Anete Pajuste.
“Does
Trading Volume Really Explain Stock Returns
Volatility?” Loredana Ureche-Rangau.
Discussants:
Augustine Arize
Chun Hao Chang
Sayed Mehdian
top
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Session
Nine
Mergers Acquisitions and Venture Capital |
Chair: Chandra
Shekhar Bhatnagar
“Venture
Capital in the Caribbean: Current Status, Future
Prospects,” Jelle Sjoerdsma.
“How
Useful is Venture Capital? Evidence from Capital
Pool Companies,” Jean-Marc Suret.
Discussants:
Chandra Shekhar Bhatnagar
Errol A. Simms
Tokunbu Simbowale Osinubi
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3:30
– 3:45 p.m.
COFFEE BREAK
3:45
– 5:15 p.m.
Sessions 10 - 12
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Session
Ten
Financial Crises and Distressed Economies |
Chair: Raquibuz Zaman “US
Stock Market Crashes: A Study of the Causal
Effects using Extreme Value Theory,” Arun
J. Prakash and Therese Pactwa.
“Argentina’s
Sovereign Debt Default and the IMF: Global Financial
Governance in a Tailspin,” Jwala Rambarran.
“Malaysian
Corporate Foreign Exchange Risk Management During
Currency Crisis,” Angappan Regupathi.
Discussants:
Thierry Ané
Shekar Shetty
Krishnan Dandapani
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Session
Eleven
Liquidity Returns and Returns Generating Process |
Chair: Victor
Vaugirard
“Return Generating Models
and Event Studies: Some Thoughts on a priori
Results,” Suchismita Mishra and Arun Prakash.
“The Natural Real Rate
of Interest in the Euro Area,” Nicola
Giammarioli and Natacha Valla.
“Liquidity, Information
and the Overnight Rate,” Natacha Valla
and Nicola Giammarioli.
Discussants:
Richard Ajayi
Archibald Campbell
Elinda K. Fishman
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Session
Twelve
Market Efficiency |
| Chair:
Augustine Arize
“Exchange Market Efficiency
and Purchasing Power Parity: Long-Run Behaviour
of Latin American Currencies,” Edgar Ortiz,
Alejandro Cabello, Robert John and Luc Soenen.
“Market Efficiency in
Greyhound Racing: Empirical Evidence of Absence
of Favourite-Longshot Bias,” Anil Gulati
and Shekar Shetty.
“Nonlinearity in Market
Efficiency: Comparison Study of Malaysia, London
and Singapore,” N.A. Azizan and D. Brookfield.
Discussants:
Augustine Arize
Krishnan Dandapani
Yoko Mulugetta
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6:00
– 9:00 p.m.
COCKTAILS |
