Centre of Excellence For Economic Policy Analysis & Research ( CEPAR )

Centre of Economic Policy Analysis & Research (CEPAR)

Introduction

The Centre of Economic Policy Analysis & Research has been established under the Department Of Economics, SIMSR in the year 2013.
The Centre has been supported by the Institute. It envisages promoting research in a non — partisan basis and becoming a think tank that promotes application oriented policy research.
The discussions, outcome of the research will be shared with respective regulators, corporate, professionals and academic community.

Objectives

To conduct applied Research in existing and emerging economic Issues.
To evolve into a leading policy centre engaged in research, teaching, consultancy, training & capacity building & work on improving development outcomes.
To promoting innovative and applied research that will generate practical, inclusive and sustainable solutions to emerging economic problems which can be used by different stakeholders.

Research Area

Applied Economics
Macroeconomic Modeling
Public Finance and Policy

Business Environment
International Finance
Econometrics

Financial Inclusion
Environmental Economics

Recognitions

The CEPAR intends to get recognition from various stakeholders for the expertise in research, consultancy and various other activities of the centre.

Our Expertise

Activities

3rd Annual Conference on ‘Importance of Economic Research in Capital Markets' Jointly organised by NISM and SIMSR | October 12-13, 2018

NISM in association with CEPAR, K.J Somaiya Institute of Management Studies and Research (SIMSR) conducted the 3rd Annual Conference on ‘Importance of Economic Research in Capital Markets’ during October 12-13, 2018. This time it was a 2-day event.

The objective of this Conference was to deliberate on current state as well as opportunities and challenges of macroeconomic research related to capital markets. Short-listed research paper presentations on contemporary issues related to economic and capital market were presented at the Conference. The first day of the conference was held at NISM Campus, Patalganga and second day at SIMSR Campus, Vidyavihar, Mumbai.

Programme at NISM Campus, Patalganga (Day 01)

The major attraction of the first day was talk by experts, academicians, researchers, economists related to capital market.

Mr. Jitendra Kumar, Member of Faculty, NISM has given the Welcome address and also did compiling and summarizing throughout the programme. Dr. (Ms.) M. Thenmozhi, Director NISM has set the context of the conference and has given the future road map of NISM and also talked particularly about the areas of Research.

The Keynote address was delivered by Shri. Ananta Barua, WTM, SEBI. He discussed about current development in the areas of Capital Market in India and globally.

He also flagged various areas and issues for economic research and also about the strength and challenges of Indian Capital Markets.

After his address, he released a book on proceedings, in presence of another dignitaries and participants, of last year Conference on ‘Importance of Economic Research in Capital Market’ held on September 22, 2017 at NISM Campus, Patalganga.

The areas covered by other speakers on Day 01 are as under:

Speakers	Topics
Dr. Siddhartha Rajagopal, Executive Director, TEXPROCIL	Issues and Concerns of Commodity Trading in Cotton in India: An agenda for research
Prof. Abhay Pethe, Distinguish Fellow, University of Mumbai	Flagging some research areas in Capital Markets with a focus on Urbanization and Smart cities
Dr. J N Misra, CEO, IIBF	Economic Research for Banking Indian Banking Sector
Dr. SNV Siva Kumar, Professor & ACP, SIMSR	Macroeconomics research themes-some thoughts
Prof. (Dr.) Asha Prasuna, Professor & Chairperson CEPAR, SIMSR	Activities of CEPAR as well as Research collaboration between NISM and SIMSR

The participants for the programme were mix of academicians, researchers, faculty members, market participants, students, etc. The programme was concluded with Vote of Thanks by Mr. Jitendra Kumar. A certificate of Participation was given to each of the participants at the end of the programme on Day 01.

Programme at SIMSR Campus, Vidyavihar, Mumbai (Day 02):

The major attraction of the second day was a talk by Mr. Madan Sabnavis Chief Economist, CARE Rating Ltd followed by research paper presentations.

Mr. Madan Sabnavis Chief Economist, CARE Rating Ltd spoke about current macroeconomic conditions, challenges and prospects of Indian economy. He also spoke on monetary policy and inflation targeting, global factors as well as prospects and challenges of various sectors of Indian Economy.

Following selected Research papers were presented in the presence of Dr. SNV Siva Kumar, Professor & ACP, SIMSR, Prof. (Dr.) Asha Prasuna, Professor & Chairperson CEPAR, SIMSR and others.

The valedictory was done by Mr. Jitendra Kumar.

A Certificate of Participation as well as Certificate of Paper Presentation was given to the participants and paper presenters respectively at the end of the programme. The Conference proceedings will be published and be made available for future reference and use.

Mr. Jitendra Kumar, Member of Faculty, NISM and Prof. (Dr.) Asha Prasuna, Professor & Chairperson CEPAR, SIMSR were the Conference Coordinators.

Sl. no.	Name	Title
1	Mr. Girish Joshi	Impact of Demonetization on small finance banks
2	Dr. Meghna Chhabra, Ms. Aakanksha Ralhan, Mr. Kunal Sapra, Mr.Minal Bhardwaj	NPAs in India: An Analysis
3	Mr. Rakesh Yadav	How independent (Outside) directors’ compensation structure, their frequency of meetings and concentrated ownership effects shareholder’s wealth? Evidence from Indian traded companies.
4	Ms. Shilpa Sehgal & Dr. SNV Siva Kumar	Corporate Governance Practices in Indian services sector
5	VS Parthasarathy & Dr. SNV Siva Kumar	M&A Strategies- Empirical Analysis of Indian Scenario
6	Mr. Bhaskar G & Dr. Asha Prasuna	Central Bank Intervention and its impact on currency volatility in India
7	Dr. Bhargavi J & Ms. Vaishali P	Foreign Investor flows and the Indian stock market: A causal study
8	Dr.. Shaila S & Dr. Asha Prasuna	Relationship between Stock market returns and Macroeconomic Variables in China- An Empirical Analysis
9	Dr.. Sonali S & Dr. Shaila S	Awareness and Perception about the Investment in Mutual Funds
10	Ms. Vaishali P & Dr. Bhargavi J	An investigative study on the impact of the macroeconomic fundamentals on the Indian stock market
11	Ms. Prema B	Encouraging women on board in India: Can legislation do it alone?

One-day Panel discussion on the theme of Creating Optimal Economic Value through Right Mergers & Acquisitions conducted on October 8, 2016 at SIMSR.

Objective: Globally, Business Models are dynamically and rapidly transforming by the use of innovations driven by millennial and creating threat to traditional business.

This one day program was crafted to deliberate all vital research challenges and opportunities in M & A domain. This discussion attempted to answer much-needed research imperatives.

2017 March 3rd First Joint Conference CEPAR & NISM :

Theme: Importance of Economic Research for Capital Markets
Participants — 110 plus
Invited paper presentation
Proceedings published

One-day Confluence 2015: Economics of Innovation for SMEs conducted on December 19th Saturday, 2016 at SIMSR in collaboration with MIBS, Mumbai.

The Confluence was attended by about 50 plus participants who included SME representation, nominees of product/service innovation applicants, faculty members, research paper presenters and some of the MMS students from the Institute. After the program, e-proceedings was published and circulated to the participants.

Confluence 2015: Economics of Innovation for SMEs December 19th Saturday at SIMSR, Mumbai.

Students Events

VICHAR MUNCH

icons Discussion / competition on 'Reviving Indian Economy - Issues and Challenges'

icons Conducted on Monday, Dec. 22nd 2014

PANELISTS & JUDGES FOR THE COMPETITION

icons Dr. SNV Sivakumar, ACP- Economics, Dr. Pankaj Trivedi, ACP - Finance and Dr. Bharat Bhatia — Finance Dept.

VICHAR MUNCH II

icons On the theme of ‘India as World’s Largest Economy by 2030 – Prospects, Strategy & Challenges’

icons Conducted on Feb 21st

Our Offerings

Research Collaborations

We work closely with clients and institutions to design and conduct collaborative research in applied economics and finance areas.

Econometric Modeling

Using time series and cross section data of Indian economy, world economic outlook, UNTAD and other secondary published data Basic and time series econometric models are specified and estimated from time to time. These econometric models have been prepared for all the management domains like marketing, operations, HR and finance to get insights of data and policy inferences. Econometric models include estimation of regression equations with testing for violation in OLS assumptions like auto correlations, multicollinearity, heteroscedasticity. Panel data models, Time series models including testing for stationarity, ARCH GARCH causality, VAR, VECM.

Joint Conferences

We organize joint conferences on topics of mutual interest with the aim of having industry and academic interface. It provides platform for researchers to present their work and get inputs from the experts. It also helps in networking with industry and professionals. Conference proceedings are published for future use & reference.

Data Analytics & Insights

Economy, industry and sector data analytics is carried out to understand data patterns and behavior.

Data Analytics - Using simple quantitative tools is done. Insights and inferences are drawn and reports are prepared and shared with the stakeholders.

Panel Discussions

The centre designs panel discussion themes and identifies experts in the respective domains to invite for a panel discussion.
The deliberations are then shared with all stakeholders for their use in decision making.

Consultancy Projects

The individual faculty members undertake consultancy projects from clients to provide research based inputs on the current and prospective business challenges.