Saumitra Bhaduri obtained a master’s degree in Econometrics from Calcutta University and a Ph.D. in Financial Economics from the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. He is currently a professor at the Madras School of Economics (MSE), Chennai, India, and regularly offers courses in financial economics and econometrics, and advanced quantitative techniques. He previously worked at the financial services division of the General Electric (GE) company and has held a number of quantitative analyst positions in the various finance services of the company. He also founded and headed the GE–MSE Decision Sciences Laboratory, which is responsible for developing state-of-the-art research output for GE.  He has published several research articles in various international journals. Ekta Selarka obtained a bachelor’s degree in Electrical Engineering from Bhilai Institute of Technology, Bhilai, India, and a Ph.D. in Economics from Indira Gandhi Institute of Development Research (IGIDR), Mumbai. She is currently a faculty at the Madras School of Economics (MSE), Chennai, where she offers courses in financial economics, derivatives, market microstructure and financial programming using SAS, VBA and Matlab. Prior to joining MSE she worked as a research economist at IGIDR and as a risk analyst with GE Capital. Her research interests include corporate governance, ownership structure, capital market development and corporate performance. She has published in international journals such as Journal of Corporate Finance, and Emerging Markets Trade and Finance. She has received prestigious research grants from Indian Council of Social Science and Research (ICSSR) and UK-India Education and Research Initiative (UKIERI) through collaborations with researchers in India as well as abroad.