Needed: research in penny stocks

April 22, 2015 12:00 am | Updated 05:40 am IST - Manipal:

The T.A. Pai Management Institute (TAPMI) along with the Colorado State University — College of Business (CSU) organised an international conference on finance here recently.

A release issued by the institute, the conference was an attempt by TAPMI to promote quality research in India by associating with Colorado State University, U.S.

The conference was designed to encourage a high level of interaction among participants to exchange ideas and provide feedback.

Ghon Rhee, Shidler Distinguished Professor of Finance, University of Hawaii, U.S., and Renee Adams, Professor of Finance, Commonwealth Bank Chair in Finance, University of New South Wales, Australia, delivered the keynote address to the conference.

Prof. Rhee stressed the need for research in penny stocks (stocks trading at very low prices) in Asian markets, while Prof. Adams provided insights into female directorships on corporate boards. C. Vasudevan, GM, Bombay Stock Exchange Investor Protection Fund, was present. Eight papers were presented. The conference was preceded by a doctoral colloquium. The conference was sponsored by BSE Investor Protection Fund.

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