We cordially invite finance researchers to participate in the Second Annual IFMA International Conference on Finance. Papers in all areas of finance are welcome.


December 16 – 17, 2014


Grand Inna Kuta Hotel, Bali, Indonesia

Keynote Speakers

Maureen O’Hara (Cornell University)

Marti Subrahmanyam (New York University)


Indonesian Financial Management Association (IFMA)

Faculty of Economics and Business Diponegoro University


Indonesia College of Economics and Business (STEI)

Faculty of Economics Tarumanagara University

Faculty of Economics State University of Jakarta

Faculty of Economics UPN “Veteran” Jakarta

Faculty of Economics Tama Jagakarsa University

Faculty of Economics Nasional University

Faculty of Economics and Business Ma Chung University

Faculty of Economics and Business State University of Singaperbangsa Karawang

Organizing Committee

Suherman (State University of Jakarta)

Suharnomo (Diponegoro University)

Erman D. Arfinto (Diponegoro University)

Harjum Muharam (Diponegoro University)

Irvan Noormansyah (STEI)

Ishak Ramli (Tarumanagara University)

Erna Hernawati (UPN “Veteran” Jakarta)

M. Noor Sembiring (Tama Jagakarsa University)

Suryono Efendi (Nasional University)

Anna Triwijayati (Ma Chung University)

Sonny Hersona (State University of Singaperbangsa Karawang)

Program Committee

Avanidhar Subrahmanyam (UCLA)

Bing Liang (University of Massachusetts at Amherst)

Christian Wolff (University of Luxembourg)

Darwin Choi (HKUST)

Dennis Olson (Thompson Rivers University)

Douglas Foster (University of Technology Sydney)

Elvira Sojli (Erasmus University)

Endri Piliang (Perbanas Institute)

Gatot Nazir (State University of Jakarta)

Hong Zhang (INSEAD)

Ign. Roni Setyawan (Tarumanagara University)

Imam Ghozali (Diponegoro University)

Indra Astrayuda (Bank of Indonesia)

Indrarini Laksmana (Kent State University)

Irwan Trinugroho (Sebelas Maret University)

Irwan A. Ekaputra (University of Indonesia)

J. Henk von Eije (University of Groningen)

Jap Efendi (University of Texas at Arlington)

Jay Ritter (University of Florida)

Jerry Cao (Singapore Management University)

Johan Sulaeman (Southern Methodist University)

Jongsub Lee (University of Florida)

Lorne Switzer (Concordia University)

Luciana A. Spica (STIE Perbanas Surabaya)

Mahatma Kufepaksi (University of Lampung)

Mathijs A. van Dijk (Erasmus University)

Neil Pearson (University of Illinois at Urbana-Champaign)

Nurwati Ashikkin (Northern University of Malaysia)

Pab Jotikasthira (UNC at Chapel Hill)

Perminas Pangeran (Duta Wacana Christian University)

Putu A. Mahadwartha (University of Surabaya)

Qing Tong (Singapore Management University)

Ramabhadran Thirumalai (Indian School of Business)

Ravi Anshuman (Indian Institute of Management Bangalore)

Reena Aggarwal (Georgetown University)

Sabri Boubaker (Champagne School of Management)

Sugeng Wahyudi (Diponegoro University)

Sumit Agarwal (NUS)

Tarun Chordia (Emory University)

Tatang A. Gumanti (University of Jember)

Theo Vermaelen (INSEAD)

Thomas Chemmanur (Boston College)

Utpal Bhattacharya (Indiana University)

Vikas Agarwal (Georgia State University)

Wang Jiwei (Singapore Management University)

William Megginson (University of Oklahoma)

Wing Wah Tham (Erasmus University)

Young-Han (Andy) Kim (Nanyang Technological University)

Yuanto Kusnadi (Singapore Management University)

Yupana Wiwattanakantang (NUS)


One copy with author name(s) and another copy without author name(s) must be electronically submitted in the PDF format or MS Word to:, and cc ke:

On the cover page, please also indicate the abstracts, keywords of your paper, and JEL Classification Codes.

Papers will be elected based on the review of the Program Committee consisting of a panel of international scholars.

Paper presenters are required to discuss other papers presented at the conference.

Submission Deadline: July 31, 2014



The Registration Form should be accompanied by the appropriate payment for the registration fee, which must be in US dollars, and made payable to IFMA by the following method:

  • Transfer

Beneficiary Name: Herni Kurniawati
Beneficiary Address: Jl. Pondasi No. 31, Rawamangun, Jakarta Timur

Account No.: 0948294462
Bank Name: Bank Central Asia (BCA)

Bank Address: Jl. Paus 81, Rawamangun, Jakarta Timur, Indonesia
Swift Code: CENAIDJA
Message: (Please indicate the name of the participant)

Please email the transfer slip to;

Please note that transfer fees charged by the bank must be covered by the participants themselves.


Early Bird

(before Sep 7)


(Sep 7 – Nov 7)

Student USD 400 USD 450
Academics USD 500 USD 550
Practitioners USD 550 USD 600
Local Discount Discount

Conference fee includes participation in all sessions, coffee breaks, luncheons, conference proceedings, and certificate of attendance. Conference fee excludes gala dinner. The gala dinner fee is USD 50.

There is a USD 200 fee for each additional paper.

Registration Cancellation

A USD 200 administrative fee will be charged to all registered individuals who withdraw prior to November 1, 2014. No refunds are available on or after that date.

Best Paper

A 1,000$ US award will be given to the best paper.


Should you have any enquiries, please feel free contact Suherman (conference chair) at

Information on the 2013 conference program, please visit

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