IIM Calcutta’s Professor of Finance and Control Dr. Rama Seth and her doctoral student Varun Jindal have bagged the Emerald India Best Paper Award at the recently concluded Fifth Pan IIM World Management Conference (WMC) for their jointly authored paper. The award carries a trophy and a certificate in addition to a monetary component. The award-winning paper, which is titled "A New Order of Financing Investments: Evidence from Acquisitions by India's Listed Firms," is a part of the doctoral dissertation work carried out by Varun.

Rama Seth          Varun Jindal

Seen from left: Dr. Rama Seth and her doctoral student Varun Jindal

Prof. Bodhibrata Nag, Chairperson, Fellow Programme and Research Committee, as well as faculty members of the Finance and Control Group at IIM Calcutta congratulated Varun for his achievement. Dr. Rama Seth, Varun’s TAC Chair, commended him for his outstanding work and commented, “this paper examines how firms finance investments in markets with the presence of business groups based on the considerations of control as well as financial constraints, and makes a significant contribution in the area of firm financing.”

Launched in 2013, the Pan IIM WMC is an annual event organized by the Indian Institutes of Management and supported by the Ministry of Human Resource Development. It is an excellent forum for the exchange of ideas among researchers, practitioners, and policymakers from India as well as abroad. The fifth edition of the conference, which was held at IIM Lucknow from Dec 14 through Dec 16, 2017, shortlisted about 200 papers for presentation from a pool of around 1,000 submissions.