Asian Finance Association (AsFA) Conference 2013: A Retrospective

The Asian Finance Association (AsFA) Conference 2013, held in Kyoto, Japan, brought together a diverse group of academics, practitioners, and policymakers from across Asia and beyond. The conference served as a crucial platform for the dissemination of cutting-edge research, fostering collaboration, and discussing pertinent issues impacting the financial landscape of the region. The event showcased a wide spectrum of topics, reflecting the dynamic and rapidly evolving nature of Asian finance.

A prominent theme throughout the conference was the growing influence of emerging markets. Several sessions delved into the characteristics, opportunities, and challenges presented by these economies. Discussions centered on topics such as financial inclusion, infrastructure financing, and the role of technology in accelerating economic growth. Papers examined the unique risks associated with investing in these markets, particularly in the context of political instability and regulatory uncertainty.

Another key focus was the impact of globalization on Asian financial markets. The conference explored the increasing interconnectedness of regional economies with global financial systems. Presentations analyzed the transmission mechanisms of financial crises, the effects of cross-border capital flows, and the importance of international regulatory cooperation. The implications of events like the European debt crisis on Asian markets were also carefully examined.

Corporate finance and governance also occupied a significant portion of the conference agenda. Researchers presented findings on topics such as capital structure, dividend policy, and mergers and acquisitions. Particular attention was paid to the role of institutional investors in promoting good corporate governance practices. Sessions explored the effectiveness of different governance mechanisms in mitigating agency problems and enhancing shareholder value within Asian firms.

Furthermore, the conference dedicated considerable attention to asset pricing and market microstructure. Presentations covered areas such as equity market anomalies, fixed income valuation, and derivative pricing. Researchers utilized sophisticated econometric techniques to test established asset pricing models and to uncover new insights into the behavior of Asian financial markets. The role of information asymmetry and behavioral biases in influencing investor decisions was also explored.

Beyond the formal presentations, the AsFA Conference 2013 provided ample opportunities for networking and informal discussions. The conference dinner and social events facilitated the exchange of ideas and the building of professional relationships. Junior faculty members benefited from mentoring sessions with senior researchers, while practitioners gained valuable insights from the latest academic research. The conference successfully created a vibrant and stimulating environment for intellectual discourse and collaboration.

In conclusion, the Asian Finance Association Conference 2013 in Kyoto provided a valuable forum for addressing the pressing issues and emerging trends in Asian finance. The conference served as a catalyst for advancing knowledge, promoting collaboration, and strengthening the ties between academia, industry, and policymakers. The insights and connections forged at the conference continue to shape the direction of research and practice in the field of Asian finance today.