Public Lecture | Regional segmentation and its impact on valuation of financial assets

Dates: 12/03/2019 / 2:00 PM

Location: 1 Alex Manoogian Street, YSU Library building, 6th floor, room 602

Category: Public Lecture

Public Lecture | Regional segmentation and its impact on valuation of financial assets

Date & Time:	March 12, 14:00-15:30
Location:	CRRC-Armenia office (1 Alex Manoogian Street, YSU Library building, 6th floor, room 602)
Language:	English (presentation); English, Russian, Armenian (Q&A)

General Overview

There are two major types of inequalities that a country may face: social inequality and regional inequality. Both have far-reaching consequences for the country’s long-term economic growth and political stability. This talk is about the impact of regional economic segmentation within a country, and how it may impact financial development and asset valuation. Examples include several large multi-regional countries in the world, such as Russia, China, India, and the United States. Some discussion is focused on publicly available data from smaller countries such as Belarus and Armenia. Remedies for alleviating regional segmentation are also highlighted.

Part of Prof. Sarkissian’s presentation comes from his paper, “Market and Regional Segmentation and Risk Premia in the First Era of Financial Globalization” published in the Review of Financial Studies in 2018. The full paper can be found here.

Short Bio

Sergei Sarkissian is an Associate Professor of Finance at the Faculty of Management of McGill University in Montreal. A native of Armenia, he received a Master’s degree in Computer Science from the University of California at Berkeley and a Ph.D. in Finance from the University of Washington in Seattle. He has taught international finance and investments courses from undergraduate to Ph.D. level in Canada, Hong Kong, Japan, and the United States. His research has been published in leading academic finance journals, including the Journal of Finance, Review of Financial Studies, and Journal of Financial Economics. It also appeared in practitioner journals, institutional outlets from Fidelity, Credit Suisse, and Morningstar, and featured in the popular press, such as The New York Times, Reuters, Le Temps (Switzerland), Money Observer (United Kingdom). To learn more about Prof. Sarkissian, please visit his website.

Audience

The talk may be of interest to a broad range of audience including policymakers and government officials, representatives of think tanks, international organizations, NGOs engaged in regional development, undergraduate and graduate students interested in the topic.

Registration

Confirm your attendance via [email protected] or call at (010) 57 48 98 -108 by 16:00, March 5. Please, mention your name, organizational affiliation and whether you need simultaneous translation into Armenian.