Sixth International Seminar

on

Emerging Capital Markets: Issues and Challenges

(EMCAM IC -2011)

held during

8th & 9th January, 2011

Organized by

Department of Commerce and Financial Studies

Bharathidasan University

T1ruchlrappalll- 620 024, Tamil Nadu, INDIA

SMART Journal of Business Management Studies (A Professional, Refereed, International and Indexed Journal)

www.smartjournalbms.org

Venue

A/C Auditorium, Bharathidasan University Main Campus

Organizer

Dr. M. SELVAM

Seminar Director

Head, Dept. of Commerce and Financial Studies

Bharathidasan University

Tiruchirappalli -620 024

&

Founder - Publisher &Chief Editor

SMART Journal of Business Management Studies

Phone (0) +91-431-2407029, 2407071

(Extn- 619), Mobile +91-9443025112

reviewers, they will be published in the SMART Journal of BusinessManagement Studies (An International referred serial).

Registration Fee

CATEGORY INDIAN FOREIGNPARTICIPANTS PARTICIPANTS

In Rs In US Dollars*UG/ PGStudents 400 75M.Phil/PhDScholars 500 75Faculty Members/FacultyScholars 750 175AccompanyingPerson 700 175Corporate representative' 1000 250

* Foreign delegates should pay registration fee in value equivalent to Indianrupees on the spot.

The registration fee covers lunch, tea and seminar kit. The participantsare requested to make their own travel and accommodation arrangements.

The fee should be paid in the form of cash/ Money Order/ Crossed DD drawn infavour of SMART JOURNAL payable at Tiruchirappalli. The author andco-author should register separately. The seminar kits will not be provided

for accompanying person and for those who register after last date or spot

registration. .

The address for all correspondences

Dr. M. Selvam,Seminar Director, EMCAM IC- 2011

Associate Professor and Head, Department of Commerce and Financial Studies,Bharathidasan University, Tiruchirappalli-620 024. Tamil Nadu. INDIA

&.

Founder - Publisher & Chief Editor, SMART Journal of BusinessManagement Studies

Phone (0) +91-431-2407029, 2407071 (Extn- 619),® +91 -431-2341112, Mobile +91-9443025112.

E-mail-drmselvam@vahoo.co.in

•••11,If

For more details, please visit our website:http;l lwww.bdu.ac.jnleyentslcs2011.pdf

\Sixth International Seminar

on

Emerging Capital Markets: Issues and Challenges(EMCAM IC -2011)

Important Dates

December 01, 2010 Submission of Abstractand Full Paper,Registration Deadline

January 08 - 09,2011 Dates of the Seminar

Department of Commerce and Financial StudiesSchool of Economics and Commerce,

Bharathidasan University,Tiruchirappalli -620 024,

Tamil Nadu, Indiawww.bdu.ac.in

and

SMART Journal of Business Management Studieshttp://www.smartjournalbms.org

Department of Commerce and Financial Studies

The Department of Commerce and Financial Studies, Bharathidasan

University, Tiruchirappalli, Tamil Nadu, India proposes to conduct the SIXTHINTERNATIONAL SEMINAR on 08th and 09th January, 2011, in line with its

policy of conducting annual seminars on the theme of capital Market Research.

The outcome of this annual event creates a signficant impact in the domain

of capital market research. A large number of teachers, scholars, students

and corporate representatives and other interested persons will participate

and present their papers. This year's seminar will be organized on Emergingcapital Markets: Issues and Challenges (EMCAM IC- 2011) in association

with SMART Journal of Business Management Studies.

Track ThemesA Capital Market Intermediaries- Mutual Fund, Merchant Banking,

Insurance, Pension Fund, Credit Rating, Venture Capital.

B Case Studies relating to Capital Market and Financial Innovations

C Corporate Governance and Capital Market

D Debt Market and Instruments

E Derivatives - Futures, Options and Commodities

F Equity Market - Primary Market - Book Building, Private PlacementSecondary Market - Trading and Settlement, Demat, Online Trading.

G FDI, FII and Indian Capital Market

H Financial Engineering and Innovations

I Investors Education, Attitude and Grievances: Investors Psychologyand Stress.

J Regulation of Capital Market- SEBI

K Other relevant areasSMART Journal of BusinessManagement Studies

SMART Journal of Business Management Studies is an

International referred Journal published bi-annually by Scientific Management

and Advanced Research Trust (SMART). It is dedicated to the promotion and

development of research in general and to the field of business management

in particular. The Trust wants to stimulate and develop debate on areas of

topical concern and to provide a forum for multi and inter disciplinary study.

The trust also wants to conduct seminars and workshops, which will elaborate

and discuss in detail various research papers. In line with the above objectives,

it is decided to organize an International Seminar on EMCAM IC- 2011.

Important Guidelines for Submission of Research Papers

~ Abstracts, not exceeding 75 words, should reach us on or before the deadline.Authors must clearly indicate the broad area (Track) mentioned above in

which their papers could be considered.

~ The registration could be made if you provide the name of the author and

co-author if any, corresponding address, e-mail ID, fax, telephone number,title of the paper, DD particulars, etc in writing (in white paper).

~ The length of the manuscript should not exceed 10-12 pages, inclusive of

table, figures, illustrations and references.

~ The manuscripts will be subjected to blind review process.

~ The participants must send a hardcopy of the manuscript; together with CD.However, the participants must also submit their paper as an e-rnailattachment using MS Word 2003 version to drmselvam@yahoo.co.in.

~ Title of accepted papers for presentation will be intimated through e-mail.

~ The use of e-mail is encouraged for all further correspondenceincluding acceptance of letter, invitation, etc.

Seminar Theme

This year's seminar endeavours to examine the different dimensions of

the financial sector. Among the intermediaries, mutual funds show signs of

considerable change. Security markets regulation, its evolution and the challenges

faced by it have become an important matter of interest and debate. Further,

issues pertaining to the debt market and derivatives market continue to nag the

Indian financial markets. The seminar would mainly focus on the various

dimensions of. Indian capital Market. The seminar encourages policy research'" :~

on various sub themes. The Seminar on "Emerging Capital Markets: Issuesand Challenges(EMCAM IC- 2011)", therefore, proposes to invite RESEARCH

PAPERSin the following Seminar tracks:

Publication of Research Papers

.:. If the presented RESEARCHPAPERSare prepared as per the guidelines of

SMART Journal and considered to be of academic value by the panel of

TIRUCHIRAPALLI

THE HINDU. THURSDAY, JANUARY 13, 2011

LASSIFIEDS- T\.AR Thanjavur Yesterday TIruchchirapalli

Pages 6 & 7

More Regional Adverti.sements: Pages 5 , 6 & 7

Karur Yesterday

6 31/19 6» »

31/22 6 31/2C»

Conditions! ""'" _mln..".., in CeIWs.

r istinguished achievers honouredwith SMART Journal Awards 2010Staff Reporter

TlRUCHI: The 2010 awards ofSMARTJournal instituted bythe Scientific Managementand Advanced ResearchTrust, Tiruchi, and the De-partment of Commerce andFinancial Studies, Bharathi-dasan University, were pre-sented here recently.

The Distinguished LifeTime Achievement awardswere conferred on SatyaChattopadhyay, AssociateProfessor and Director, KaniaSchool of Management, USA,and V.K.Boorninathan, Headof the PG Department ofCommerce, Bishop HeberCollege. The Young Manage-ment Scientist Award wasconferred on N. Ramya, As-sistant Professor in Com-merce, Periyar EVR College,

Tiruchi. The research paperof Bidyut Jyoti Bhattachar-jee, Assistant Professor inCommerce, B.H.College, As-sam, which published in theSMART Journal in the year2010, was awarded theSMART Journal Best PaperAward.

Vice-Chancellor K. Meenaconferred the awards onthem and explained how theeducation system in develop-ing India can be further ori-ented to a learner-centricapproach to reap huge re-turns from demographic ad-vantage. Illustrating themotivation theories of man-agement to specify that earn-ings alone won't providesatisfaction, M.Selvam,Founder, Publisher and ChiefEditor of the internationallyreferred SMART Journal,

•

spoke of how recognitioncould lead to achievements.

A Visiting Professor ineight foreign Universities inChina, Ukraine and France,Dr. Chattopadhyay, who has23 years of teaching and 10years of administrative expe-rience and has so far present-ed papers in 60 national andinternational conferencesand published 22 research pa-pers in refereed journals, hadalready received 14 awardsfrom international organisa-tions.

Prof. Boominathan has 35years of Teaching and 12years of administrative expe-rience, and is a Master Train-er in HRD TrainingProgrammes since 1986.He isalso Consultant and Trainerfor All India Association forChristian Higher Education,

•

•

New Delhi, LIC, GIC, ZTS-Southern Railways and othercorporate entities. Dr. Ramyahas published 19research pa-pers in refereed journals andalso authored a book, besidespresenting papers in 22 na-tional and international con-ferences.

-Distinguished delegateswho felicitated the awardwinners included SanjoyBose, Professor and AssociateDean, School ofManagement,New York Institute of Tech-nology,Abu Dhabi, UAE;Mo-han Gnana Olivu, Professorand Asst. Editor, SMARTJournal of Business Manage-ment Studies; E. Bennet ofAllNations Univesity, Ghana;and S. Sekar, Principal, Uru-mu Dhanalakshmi College Iand President, SMARTJour-nal Annual Awards- 2010.

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1

Two Day International Seminar on Emerging Capital Markets: Issues and

Challenges

The Department of Commerce and Financial Studies, in association with SMART

Journal of Business Management Studies, organized the UGC Sponsored two day

International Seminar on the “Emerging Capital Markets: Issues and Challenges”

during 8th and 9th January 2011.

The theme of the seminar was the examination of different dimensions of the

emerging Capital Market. The security markets regulation, its revolution and challenges

faced, issues pertaining to Debt Market, Equity Market, Derivatives Market, Mutual

Funds, Capital Market Regulations, Corporate Governance, Investors Education and

Grievances and Financial Innovations, were discussed.

Prof.S.R.Pujar, Director, Sardar Vallabhbhai International School of Textiles

Management, Coimbatore, delivered the inaugural address on the topic, “Capital

Markets and Textiles Industry”. He analysed the role of capital market in Indian textile

2

industry. Thiru. Pujar also highlighted the growth prospects in technical textiles like

medical textiles, Geo Tex, agricultural textiles and Readymade Garments. A souvenir,

consisting of the 300 abstracts received for presentation, was released at the inaugural

function.

Dr.M.Selvam, Seminar Director, Founder-Publisher and Chief Editor of SMART

Journal of Business Management Studies, welcomed the gathering and pointed out

that around 25 foreign delegates from eight different countries like USA, Malaysia,

Bangladesh, Ethiopia, Sri Lanka, UAE and Ghana and 400 delegates from all over India

participated in the Seminar.

Professor Sanjoy Bose, Professor of Finance & Associate Dean, School of

Management, New York Institute of Technology, Abu Dhabi, UAE, offered felicitations at

the seminar.

A Special lecture on the topic, “Strategic Investing in Emerging Markets: The

Role of Sovereign Wealth Funds”, was delivered by Dr. Satya P. Chattopadhyay,

The Kania School of Management, USA. He clearly explained the purpose and types of

Sovereign Wealth Fund, implications of Sovereign Wealth for Global Economy,

Company, and Governments.

Dr.Sankaran Venkateswar, Professor of Accounting, Trinity University, USA

delivered a special lecture on a very important topic, “CHINDIA – A Re-awakening of

China and India as Economic Powerhouses”. He predicted that by 2050 India would

be the third largest super power after China and USA. Finally he suggested that India

has to deepen its sources of capital, develop debt market, education and environment

to become third largest by 2050.

On the Second Day – 09/01/2011 (Sunday), Dr.Victor Louis Anthuvan,

Professor, Loyola Institute of Business Administration, Chennai, delivered a lecture on

“Capital Markets: Issues and Challenges”. He observed that Financial Market should

be monitored, watched, regulated and controlled and it should help the Real Sector to

grow. He remarked that India would be the World’s No 1 by 2060, if it overcame the

challenges like poverty, inequality, regional disparity, infrastructure.

3

“Retail Investors Strategy in Equity Market” was discussed by

Mr.A.K.Narayan, President, Tamil Nadu Investors Association, Chennai. He advised

the investors to be informed about the market, understand the Investor Protection and

appreciate the role of the regulators.

At the Valedictory Function, Dr. WRPK Fernando, Senior Lecturer, Rajarata

University of Sri Lanka, Mihintale, Sri Lanka, explained the role of capital market in the

economic development of the country. He compared the development of capital market

in Sri Lanka and India.

Dr. V.Manickavasagam, Professor of Corporate Secretaryship and Controller of

Examinations, Alagappa University, Karaikudi, delivered the Valedictory Address. He

explained that the culture of the people is closely related to the ecomomy of the country

and thus fall in savings habit and culture drove the U.S economy to crisis. He advised

the participants to become successful investors by listing out the suggestions of good

investors.

This two day International Seminar successfully came to an end with the vote of

thanks by Dr.M.Selvam, Organizer of this seminar. In his speech, he announced that

the best papers presented at the seminar will be considered for publications in the

SMART Journal of Business Management Studies. The faculty members Dr.M.Babu,

Dr.S.Vanitha and Dr.J.Gayathri and all the scholars and students were complimented

for working for the success of the seminar.