Welcome to Prabirjit Sarkar's Blog

Recent Events

2010-09-01T05:05:00.000-07:00

Seminars/Conferences
12th Annual Conference of the Association for Heterodox Economics at Université Montesquieu - Bordeaux IV, 7th-10th July, 2010: Is Credit Expansion Inimical to Growth? What the Data Show.

Law and Economics Seminar Series at ERMES, University Panthéon-Assas Paris II, 11th June 2010: English vs. French Legal System: Which System Provides More Creditors and Shareholder Protection and Promotes Financial Development.

Sixth EU Framework Programme on Reflexive Governance in the Public Interest at Palais des Académies, Brussels, 26-28 May 2010: An End to Consensus? The (Non) Impact of Legal Reform on Financial Development (with Simon Deakin and Ajit Singh ).

Visiting Copenhagen

2009-10-21T08:35:00.000-07:00

10th Workshop on Corporate Governance and Investment
Copenhagen Business School, Porcelænshaven
October 23, 2009 – October 24, 2009

Visiting Washington DC: 10-14 October

2009-10-07T06:12:00.000-07:00

Attending 29th ANNUAL INTERNATIONAL CONFERENCE of Strategic Management Society and presenting the paper:

Product Market Competition, Corporate Governance and Legal Origin

(co-authors: Dominic Chai, Simon Deakin, and Ajit Singh)

New Research Output

2009-09-27T06:04:00.000-07:00

One of our research papers in the field of Law and Finance has been accepted for publication in the Cambridge Journal of Economics - the advance access link is given below:

http://cje.oxfordjournals.org/cgi/reprint/bep055?ijkey=KI2QF3BqLLzIO7x&keytype=ref

Seminar Presentations in June 2009

2009-06-18T08:09:00.000-07:00

W G Hart Legal Workshop, Institute of Advanced Legal Studies (IALS), London, 23-25 June 2010:
Does Credit Expansion Matter for Growth? (25th June)

Corporate Governance, Reflexive Regulation and the Financial Crisis
Murray Edwards College, University of Cambridge, 24-25 June 2009:

Law, finance and development: further analyses of longitudinal data (24th June)
(with Ajit Singh).

Product market competition, corporate governance and legal origin (24th June)
(with Simon Deakin).

Max Fry Conference on Finance and development

2009-05-21T08:23:00.000-07:00

at Birmingham Business School (May 14-15, 2009):

Law, Finance and Development:
Further Analyses of Longitudinal Data

(with Ajit Singh)

European Report on Development Conference (17-18 March 2009)

2009-05-21T08:05:00.000-07:00

‘Food Crisis & the Development Potential of the Agricultural & Commodity Sector in
Fragile Countries’ Conference sponsored by the European Report on Development held
at Jesus College, Cambridge University.

This workshop aimed at understanding the role of agriculture and commodity markets in countries in situation of fragility. We presented the following paper:
GLOBALISATION, STRUCTURAL ADJUSTMENT AND AFRICAN AGRICULTURE:
Analysis and Evidence

Deborah Bryceson, Shailaja Fennell, Prabirjit Sarkar and Ajit Singh

http://erd.eui.eu/BackgroundPapers/ERD-Background_Paper-Bryceson_et_al.pdf

2009-03-03T13:17:00.000-08:00

2nd March 2009:
Product Market Competition, Corporate Governance and Legal Origin: Theoretical and Empirical Contribution
Dominic Chai, Simon Deakin, Prabirjit Sarkar and Ajit Singh

Using the persistence of firm-level profits as a measure of the intensity of product market competition in a panel of 2,303 manufacturing firms from 19 countries for the period 1995-2005, we find that civil law systems have product markets which are more competitive (in this sense) than common law ones, and that the intensity of competition is no greater in developed economies than in emerging ones. We find a positive relationship between shareholder protection and the persistence of profits in civil law countries and a negative relationship in the common law countries Thus the product market may be an important 'missing link' in explaining how legal origin impacts on the economy.

The seminar took place from 12h00 until 1p.m. at the Judge Business School (Room W2.02).

2008-12-25T06:27:00.000-08:00

CBR Corporate Governance Seminar Series (University of Cambridge), 1 December 2008:

‘Do the English legal origin countries have more dispersed share ownership and more developed financial systems?’

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1039361

Seminar/Conference Attended & Paper Presented 2008

2008-07-14T08:12:00.000-07:00

Association for Heterodox Economics, 10th Anniversary Conference

Anglia Ruskin University, 3rd-6th July, 2008:

Does Stock Market Promote Capital Accumulation?
Panel Data and Time Series Evidence from Less Developed Countries

Seminars/Conferences, 2006-7

2007-10-29T11:50:00.000-07:00

November 28, 2007: OECD, Paris (37 Bvd Suchet):

Shareholder Protection and Stock Market:Does Legal Origin Hypothesis
Hold?

Conference on
CORPORATE GOVERNANCE IN EMERGING MARKETS, Sabanci University, Istanbul, Turkey
(15-17 November 2007):

“Does Better Corporate Governance lead to Stock Market Development and Capital Accumulation? A Case Study of India”

Available at the conference site

http://www.emcgn2007.com/PRABIRJ%C4%B0TSARKAR.pdf

Conference on Empirical Legal Studies, at New York University School of Law

(November 9-10, 2007):

“Shareholder Protection and Stock Market Development: A Test of the Legal Origins Hypothesis”

(With John Armour, Simon Deakin, Mathias Siems and Ajit Singh).

Available at SSRN:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=

Seminar at Université Paris X – Nanterre

(November 5, 2007):

“Legal Origin Hypothesis: What the Time-Series Evidence Shows”

WEF conference at Department of Political Science/Amsterdam School for Social Science Research

University of Amsterdam

Oudezijds Achterburgwal 237, 1012 DL, Amsterdam, NL (24-26 October, 2007):

1.“Shareholder Protection and Stock Market Developments: Analysis of New Leximetric Dataset for India”

2.“Shareholder Protection and Stock Market Development, : A Cross-Country Study (With John Armour, Simon Deakin, Mathias Siems and Ajit Singh).

Available at the conference web-site:

http://www.garnet-eu.org/index.php?id=318

‘Corporate Accountability, Limited Liability and the Future of Globalisation’ at The Centre for International Studies and Diplomacy (CISD), SOAS, London

(20-21 July, 2007):

“Corporate Governance, Stock Market Development and Private Capital Accumulation: A Case Study of India”

Available on-line:

http://mpra.ub.uni-muenchen.de/4996/01/MPRA_paper_4996.pdf

Finance & Development Conference at

London School of Economics

(27-29 June 2007):

“Legal Origin, Shareholder Protection and the Stock Market: New Challenges from Time Series Analysis” (joint paper with S Fagernäs and A. Singh)

CBR Working Paper: http://www.cbr.cam.ac.uk/pdf/wp343.pdf

Forthcoming in K. Gugler and B. Yurtoglu (ed.),

The Economics of Corporate Governance and Mergers.

Edward Elgar 2008

4th International Conference on Developments in Economic Theory and Policy, jointly organized by

University of the Basque Country and University of Cambridge

Bilbao, Spain (July 5 and 6, 2007):

“Capital Accumulation in Less Developed Countries: Does Stock Market Matter?”

Available on-line: http://ssrn.com/abstract=

http://mpra.ub.uni-muenchen.de/5053/

AISSEC Conference, University of Parma, Italy

(21-23 June 2007):

“Stock Market Development and Capital Accumulation: What the Time Series Evidence Shows”

Available on-line:

http://mpra.ub.uni-muenchen.de/5054/

Second Annual International Conference on “Globalization and Its Discontents,” at the State University of New York College at Cortland (June 8-9, 2007):

“Trend of Legal Globalisation and Stock Market Development”

Available at SSRN: http://ssrn.com/abstract=

8th European Workshop on

Corporate Governance, Law and Finance (23 - 24 March 2007) at New Hall, University of Cambridge:

‘The Legal Protection of Shareholders and Stock Market Development’ (joint paper with S Fagernas and A. Singh)

http://www.cbr.cam.ac.uk/research/programme2/project2-20_WKS.htm

Queens’ College Cambridge (6^th February, 2007):

"Stock Market Development and Capital Accumulation: Does Law Matter? A Case Study of India"

Available at SSRN: http://ssrn.com/abstract=

POLITICAL ECONOMY SEMINAR (10 OCTOBER 2006)

SOAS, University of London:

“Trade Openness and Growth: Is There

Any Link?”

Available at SSRN: http://ssrn.com/abstract=

Also Available at Munich REPEC:

http://mpra.ub.uni-muenchen.de/4996/01/MPRA_paper_4996.pdf

Forthcoming in JOURNAL OF ECONOMIC ISSUES (2008)

International Conference on

‘The Indian Economy in the Era of Financial Globalisation’

(Maison des Sciences de l’Homme, Paris on 28 and 29 September 2006) :

‘’Stock Market Development, Capital Accumulation and Growth in India Since 1950"

Available at SSRN: http://ssrn.com/abstract=