Academic Programme

Friday, 18th December 2015

8h00 to 09h45


Stream A.1 – Corporate Finance Practices in China

Session Chair: Ji (George) Wu, Institute for Financial & Accounting Studies (IFAS), Xiamen University


08h00 to 08h35

Do Share Issue Privatizations Really Improve Firm Performance in China?

Bo Li, School of Business, Shantou University

William L. Megginson, Professor and Price Chair in Finance, University of Oklahoma

Zhe Shen, School of Management, Xiamen University, School of Management, Xiamen University

Qian Sun, Department of Finance, School of Management, Fudan University

Discussant: Yue Liu, University of Edinburgh Business


08h35 to 09h10

VC political ties and IPO earnings management: Evidence from China

Qing (Sophie) Wang, School of Finance and Economics, Massey University

Hamish Anderson, School of Finance and Economics, Massey University

Jing Chi, School of Finance and Economics, Massey University

Discussant: Zhe Shen, School of Management, Xiamen University


09h10 to 09h45

Being Good by Hiring Directors with Foreign Experiences

Jian Zhang, School of Finance, Southwestern University of Finance and Economics

Dongmin Kong, School of Finance, Zhongnan University of Economics and Law

Ji (George) Wu, Institute for Financial & Accounting Studies (IFAS), Xiamen University

Discussant: Woochan Kim, Korea University Business School


Stream A.2 – Empirical Asset Pricing

Session Chair: Zsuzsa R. Huszár, NUS Business School, National University of Singapore


08h00 to 08h35

Can Dividend Schedules Predict Abnormal Returns? International Evidence

Andrew Ainsworth, University of Sydney

Discussant: Haejung Na, Korea University Business School


08h35 to 09h10

Difference of Stock Return Distributions and the Cross-Section of Expected Stock Returns

Joon Chae, Seoul National University

Wonse Kim, Seoul National University

Eun Jung Lee, Hanyang University

Discussant: Adrian Fernandez-Perez, Auckland University of Technology


09h10 to 09h45

Do Short Sellers Exploit Industry Information?

Zsuzsa R. Huszár, NUS Business School, National University of Singapore

Ruth S. K. Tan, NUS Business School, National University of Singapore

Weina Zhang, NUS Business School, National University of Singapore

Discussant: Shujing Wang, Hong Kong University of Science and Technology


Stream A.3 – Regulations

Session Chair: Jeff Ng, Chinese University of Hong Kong


08h00 to 08h35

Financial crime “hot spots” – Empirical evidence from the foreign exchange market

Florian El Mouaaouy, Ludwig-Maximilians-Universität München

Discussant: Chen Zhao, Southwestern University of Finance and Economics


08h35 to 09h10

Management Forecast Disaggregation and the Legal Environment: International Evidence

Jeff Ng, Chinese University of Hong Kong

Albert Tsang, Chinese University of Hong Kong

Oktay Urcan, University of Illinois at Urbana-Champaign

Discussant: Florian El Mouaaouy, Ludwig-Maximilians-Universität München


09h10 to 09h45

Migrate or Not?  the Effects of Regulation SHO on Options Trading Activities

Yubin Li, Southwestern University of Finance and Economics

Chen Zhao, Southwestern University of Finance and Economics

Zhaodong (Ken) Zhong, Rutgers Business School, Rutgers University

Discussant: Jeff Ng, Chinese University of Hong Kong


Stream A.4 – Quantitative Finance

Session Chair: José Da Fonseca, Auckland University of Technology


08h00 to 08h35

Impact of truncation on model-free implied moment estimator

Geul Lee, School of Banking and Finance, University of New South Wales

Li Yang, School of Banking and Finance, University of New South Wales

Discussant: José Da Fonseca, Auckland University of Technology


08h35 to 09h10

The price of Asymmetric Dependence: Evidence from Australian equities

Jamie Alcock, University of Sydney Business School

Petra Andrlikova, University of Sydney Business School

Anthony Hatherley, University of Sydney Business School

Discussant: Geul Lee, School of Banking and Finance, University of New South Wales


09h10 to 09h45

Market Excess Returns, Variance and the Third Cumulant

Eric C. Chang, Faculty of Business and Economics, University of Hong Kong

Jin E. Zhang, Department of Accountancy and Finance, Otago Business School, University of Otago

Huimin Zhao, Sun Yat-Sen Business School, Sun Yat-Sen University

Discussant: Jamie Alcock, University of Sydney Business School


Stream A.5 – Corporate

Session Chair: Rui Shen, Nanyang Business School, Nanyang Technological University, Singapore


08h00 to 08h35

The Equity-Financing Channel, the Catering Channel, and Corporate Investment: International Evidence

Yuanto Kusnadi, Singapore Management University

K.C. John Wei, Hong Kong University of Science and Technology

Discussant: Jian Zhang, Southwestern University of Finance and Economics


08h35 to 09h10

The Value of Crowdsourced Earnings Forecasts

Russell Jame, University of Kentucky

Rick Johnston, University of Alabama at Birmingham

Stanimir Markov, Southern Methodist University

Michael Wolfe, Virginia Tech

Discussant: James Yae, University of Houston


09h10 to 09h45

The Dark Side of News Coverage: Evidence from Corporate Innovation

Rui Shen, Nanyang Business School, Nanyang Technological University, Singapore

Lili Dai, ANU College of Business and Economics, Australian National University

Bohui Zhang, Australian School of Business, University of New South Wales

Discussant: Yuanto Kusnadi, Singapore Management University


10h15 to 12h00


Stream B.1 – Corporate Events

Session Chair: Alireza Tourani-Rad, Auckland University of Technology


10h15 to 10h50

Shareholder Wealth Effects of M&A Withdrawals

Yue Liu, University of Edinburgh Business

Discussant: Ted Azarmi, Eberhard Karls University Tuebingen


10h50 to 11h25

Dividend Changes and Future Profitability:  The role of earnings volatility

Yirong Guo, University of Saskatchewan

Min Maung, University of Saskatchewan

Craig Wilson, University of Saskatchewan

Discussant: Rick Johnston, University of Alabama at Birmingham


11h25 to 12h00

Employee Relationship and Earnings Management

Jian Zhang, Southwestern University of Finance and Economics

Discussant: Craig Wilson, University of Saskatchewan


Stream B.2 – Market Microstructure

Session Chair: P. Joakim Westerholm, University of Sydney Business School


10h15 to 10h50

High-frequency trading and execution costs

Amy Kwan, University of Sydney

Richard Phillip, University of Sydney

Discussant: Wai-Man Liu, Australian National University


10h50 to 11h25

The impact of fragmentation, exchange fees and liquidity provision on market quality

Michael Aitken, Australian School of Business, University of NSW

Haoming Chen, Australian School of Business, University of NSW

Sean Foley, Finance Discipline, Faculty of Business, University of Sydney

Discussant: John J. Merrick, College of William and Mary


11h25 to 12h00

Do exchange-contracted market makers improve market quality for liquid stocks?

Dong Zhang, Stockholm Business School, Stockholm University

Discussant: P. Joakim Westerholm, University of Sydney Business School


Stream B.3 – Quantitative Finance

Session Chair: Jin E. Zhang, Otago Business School, University of Otago


10h15 to 10h50

Effectiveness of linear extrapolation in model-free implied moment estimation

Geul Lee, School of Banking and Finance, University of New South Wales

Discussant: Jin E. Zhang, Otago Business School, University of Otago


10h50 to 11h25

The Effect of Option Transaction Costs on Informed Trading in the Option Market around Earnings Announcements

Suresh Govindaraj, Rutgers University

Yubin Li, Southwestern University of Finance and Economics

Chen Zhao, Southwestern University of Finance and Economics

Discussant: Zsuzsa R. Huszár, NUS Business School, National University of Singapore


11h25 to 12h00

How informed are Hedge Fund Option Strategies?

Kenny Siaw, Australian School of Business, University of New South Wales

Discussant: Ping-Wen Sun, Jiangxi University of Finance and Economics


Stream B.4 – Mutual Funds

Session Chair: Buhui Qiu, University of Sydney Business School


10h15 to 10h50

Using Alpha to Generate Alpha

Peter Bossaerts, University of Utah

Wenhao Yang, University of Utah

Discussant: Mui Kuen Yuen, Massey University


10h50 to 11h25

Assessing Hedge Fund Mortality with Characterized Returns and Risks

Judy Qiu, Business School, University of Western Australia

Leilei Tang, Business School, University of Strathclyde, UK

Ingo Walter, Stern School of Business, New York University, US

Discussant: Buhui Qiu, University of Sydney Business School


11h25 to 12h00

Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds

Teodor Dyakov, VU University Amsterdam

Jarrad Harford, University of Washington

Buhui Qiu, University of Sydney Business School

Discussant: Bart Frijns, Auckland University of Technology


Stream B.5 – Corporate Ownership

Session Chair: Christina Atanasova, Beedie School of Business, Simon Fraser University


10h15 to 10h50

A Rose by Any Other Name? Top Managers’ Given-Name Popularity and Firm Growth Preferences

Tao Chen, Nanyang Technological University

Wei Shi, Rice University

Discussant: Juan Luo, University of Adelaide


10h50 to 11h25

When Heirs Become Major Shareholders: Evidence on Tunnelling and Succession

through Related-Party Transactions

Sunwoo Hwang, Kenan-Flagler Business School, University of North Carolina

Woochan Kim, Korea University Business School, Korea University Business School, Korea University Business School

Discussant: Christina Atanasova, Beedie School of Business, Simon Fraser University


11h25 to 12h00

Spillover Effects of SEO Announcements in Institutional Blockholding Networks

Jun-Koo Kang, Nanyang Technological University

Juan Luo, University of Adelaide

Discussant: Qing (Sophie) Wang, School of Finance and Economics, Massey University


12h15 to 13h15

Keynote Address I

Professor Peter Bossaerts, University of Utah

Neurobiological Foundations of "Market  Psychology"

Psychology has been influencing finance significantly over the past few decades. The focus has been on the "heuristics and biases" program pioneered by Kahneman and Tversky, aptly summarized in "Prospect Theory." To understand market psychology, however, one needs to go beyond that, and understand "Theory of Mind" (the capacity of humans -- and higher primates -- to understand the intentions of others). Based on a number of recent publications in finance and neuroscience, as well as some ongoing research, the speaker will illustrate to what extent Theory of Mind is relevant to understand markets, their participants and their trading skill. The speaker will discuss markets with insiders, bubbles and crashes, and financial contagion.


14h00 to 15h45


Stream C.1 – Corporate Finance – Incentives

Session Chair: James Yae, University of Houston


14h00 to 14h35

Executive Retention and Accelerated Option Vesting

Torsten Jochem, University of Amsterdam

Tomislav Ladika, University of Amsterdam

Zacharias Sautner, Frankfurt School of Finance & Management

Discussant: Maria Strydom, Monash University


14h35 to 15h10

Executive Compensation: When a Firm is a Business Group Member

Hyungseok Kim, Korea Corporate Governance Service.

Woochan Kim, Korea University Business School, Korea University Business School

Discussant: Torsten Jochem, University of Amsterdam


15h10 to 15h45

Reading the tea leaves: Model uncertainty, robust forecasts, and the autocorrelation of analysts' forecast errors

Juhani Linnainmaa, University of Chicago Booth School of Business and NBER

Walter Torous, MIT

James Yae, University of Houston

Discussant: Woochan Kim, Korea University Business School, Korea University Business School


Stream C.2 – Market Microstructure

Session Chair: Robert I. Webb, University of Virginia


14h00 to 14h35

Trading Cost Decomposition during FOMC Announcements

Bart Frijns, Auckland University of Technology

Ivan Indriawan, Auckland University of Technology

Yoichi Otsubo, Manchester Business School

Alireza Tourani-Rad, Auckland University of Technology

Discussant: Roberto Pascual, University of the Balearic Islands, Spain


14h35 to 15h10

Why Do Dealers Buy High and Sell Low? An Analysis of Persistent Crossing in Extremely Segmented Markets

Vladimir Atanasov, College of William and Mary

John J. Merrick, College of William and Mary

Philipp Schuster, Karlsruhe Institute of Technology

Discussant: P. Joakim Westerholm, University of Sydney Business School


15h10 to 15h45

Who Moves first? Price Discovery by Institutional and Retail Investors.

Zheng Wu, University of Sydney Business School

P. Joakim Westerholm, University of Sydney Business School

Shumi Akhtar, University of Sydney Business School

Discussant: Michael T. Chng, Xian-Jiaotong Liverpool University, China


Stream C.3 – Empirical Asset Pricing

Session Chair: Aaron Gilbert, Auckland University of Technology


14h00 to 14h35

Multi-market Trading and Liquidity: Evidence from Cross-listed Companies

Christina Atanasova, Beedie School of Business, Simon Fraser University

Evan Gatev, Beedie School of Business, Simon Fraser University

Mingxin Li, Beedie School of Business, Simon Fraser University

Discussant: Aaron Gilbert, Auckland University of Technology


14h35 to 15h10

“Other People’s Money”: Mum and Dad Investors vs the Professionals

Wei Lu, UNSW Business School, University of New South Wales

Peter L. Swan, UNSW Business School, University of New South Wales

P. Joakim Westerholm, University of Sydney Business School

Discussant: Joon Chae, Seoul National University


15h10 to 15h45

Heterogeneity of institutional ownership and stock price delay

Jiun-Lin Chen, University of Adelaide

Shih-Cheng Lee, Yuan-Ze University

Ping-Wen Sun, Jiangxi University of Finance and Economics

Discussant: Christina Atanasova, Beedie School of Business, Simon Fraser University


Stream C.4 – Momentum

Session Chair: James W. Kolari, Department of Finance, Texas A&M University


14h00 to 14h35

Is momentum in currency markets driven by global economic risk?

Klaus Grobys, University of Vaasa

Jari-Pekka Heinonen, University of Vaasa

Discussant: Byoung-Kyu Min, University of Sydney


14h35 to 15h10

Momentum and Market Correlation

Ihsan Badshah, Auckland University of Technology

James W. Kolari, Department of Finance, Texas A&M University

Sang-Ook Shin, Department of Finance, Texas A&M University

Discussant: Jari-Pekka Heinonen, University of Vaasa


15h10 to 15h45

Momentum and Downside Risk

Byoung-Kyu Min, University of Sydney

Discussant: Ihsan Badshah, Auckland University of Technology


Stream C.5 – Cross-Section of Stock Returns

Session Chair: Shujing Wang, Hong Kong University of Science and Technology


14h00 to 14h35

Transitory Price Impact, Resiliency and the cross-section of Stock Returns

Yongsik Kim, Korea Advanced Institute of Science and Technology

Jinyong Kim, Korea Advanced Institute of Science and Technology

Discussant: Andrew Ainsworth, University of Sydney


14h35 to 15h10

The Forecast Dispersion Anomaly Revisited: Intertemporal Forecast Dispersion and the Cross-Section of Stock Returns

Dongcheol Kim, Rutgers Business School and Korea University Business School

Haejung Na, Korea University Business School, Korea University Business School

Discussant: Kenny Siaw, Australian School of Business, University of New South Wales


15h10 to 15h45

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

F.Y. Eric C. Lam, Hong Kong Baptist University

Shujing Wang, Hong Kong University of Science and Technology

K.C. John Wei, Hong Kong University of Science and Technology

Discussant: Yongsik Kim, Korea Advanced Institute of Science and Technology


16h00 to 17h00

Keynote Address II

Professor Robert I. Webb, University of Virginia

Asia Pacific Derivative Markets:  Recent Advances in the Literature

Although most researchers trace the origin of modern futures markets to the creation of the Chicago Board of Trade in the 1840s, Hamori et al [2001] argue that futures trading originated with the establishment of the Dojima Rice Exchange in Osaka in the early 1700s.  Yet, regardless of the origin of modern futures markets, derivative markets based in the Asia Pacific region have only recently become important from a global perspective as measured by relative trading volume.  Not surprisingly, the recent sharp growth in trading volume has stimulated much research on derivatives traded on Asia-Pacific markets as well.  Researchers have examined differences in market microstructure, regulatory regimes and exploited the often-greater access to individual trader account data to address a number of questions in finance.  This talk discusses some of the recent research.



Saturday, 19th December 2015


09h00 to 10h45


Stream D.1 – CEO's

Session Chair: Maria Strydom, Monash University


09h00 to 09h35

Signing Bonus, Managerial Ability, and Corporate Performance

Rui Zhu, City University of Hong Kong

Xiaoxiao He, City University of Hong Kong

Discussant: Tao Chen, Nanyang Technological University


09h35 to 10h10

The Curse of Returnee CEOs

Tinghua Duan, University of Edinburgh

Wenxuan Hou, University of Edinburgh

Discussant: Ji (George) Wu, Institute for Financial & Accounting Studies (IFAS), Xiamen University


10h10 to 10h45

Does CEO Optimism affect Pay?

Maria Strydom, Monash University

Discussant: Wenxuan Hou, University of Edinburgh


Stream D.2 – Asset Pricing Theory

Session Chair: Sergey Isaenko, Concordia University


09h00 to 09h35

Slow Capital Movement and Asset Prizing Puzzles

Sergey Isaenko, Concordia University

Discussant: Tyler Tszwang Kwong, University of New South Wales


09h35 to 10h10

Technical analysis with uncertainty predictive power: The effects on portfolio choice

Tyler Tszwang Kwong, University of New South Wales

Discussant: Xinfeng Ruan, University of Otago


10h10 to 10h45

Asset Pricing in a Pure Exchange Economy with Heterogeneous Investors

Xinfeng Ruan, University of Otago

Jin E. Zhang, University of Otago

Discussant: Sergey Isaenko, Concordia University


Stream D.3 – Behavioral Finance

Session Chair: Torsten Jochem, University of Amsterdam


09h00 to 09h35

Portfolio Selection with Mental Accounts and Estimation Risk

Gordon J. Alexander, University of Minnesota

Alexandre M. Baptista, The George Washington University

Shu Yan, Oklahoma State University

Discussant: Torsten Jochem, University of Amsterdam


09h35 to 10h10

Melancholia and Japanese Stock Returns – 2003 to 2012

Joyce Khuu, Curtin University

Robert B. Durand, Curtin University

Lee A. Smales, Curtin University

Discussant: Gordon J. Alexander, University of Minnesota


10h10 to 10h45

Sentiment Contagion Across Firms

Torsten Jochem, University of Amsterdam

Florian S. Peters, University of Amsterdam

Discussant: Robert B. Durand, Curtin University


Stream D.4 – Market Microstructure

Session Chair: Andriy Shkilko, Wilfrid Laurier University


09h00 to 09h35

Arbitrage activity and price discovery across spot, futures and ETF markets

Qingfu Liu, School of Economics, Fudan University, China.

Zhongyuan Gaoy, Information Management Analytic, HSBC China.

Michael T. Chng, Xian-Jiaotong Liverpool University, China

Discussant: Andriy Shkilko, Wilfrid Laurier University


09h35 to 10h10

Evaluating the VPIN as a trigger for single-stock circuit breakers

David Abad, University of Alicante, Spain

Magdalena Massot, University of the Balearic Islands, Spain

Roberto Pascual, University of the Balearic Islands, Spain

Discussant: Ming-Hung Wu, National Sun Yat-sen University, Kaohsiung, Taiwan


10h10 to 10h45

Speed of market access and market quality: Evidence from the SEC naked access ban

Bidisha Chakrabartya, Saint Louis University

Pankaj K. Jainb, University of Memphis

Andriy Shkilko, Wilfrid Laurier University

Konstantin Sokolovc, Wilfrid Laurier University

Discussant: Dong Zhang, Stockholm Business School, Stockholm University


Stream D.5 – Bond Markets

Session Chair: Timothy J. Riddiough, University of Wisconsin – Madison


09h00 to 09h35

Export Market Risk and the Role of State Credit Guarantees

Inga Heiland, Leibniz Institute for Economic Research at the University of Munich

Erdal Yalcin, CESifo and Ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Discussant: Timothy J. Riddiough, University of Wisconsin – Madison


09h35 to 10h10

A Macro-Financial Analysis of the Corporate Bond Market

Hans Dewachter, National Bank of Belgium;

Leonardo Iania, Louvain School of Management

Wolfgang Lemke, European Central Bank.

Marco Lyrio, Insper Institute of Education and Research

Discussant: Limin Xu, University of Adelaide


10h10 to 10h45

Liquidity Provision, Credit Risk and the Bond Spread: New Evidence from the Subprime Mortgage Market

Xudong An, Federal Reserve Bank of Philadelphia

Timothy J. Riddiough, University of Wisconsin – Madison

Discussant: Inga Heiland, Leibniz Institute for Economic Research at the University of Munich


11h15 to 13h00


Stream E.1 – Banking

Session Chair: Christina Bui, UTS Business School, University of Technology Sydney


11h15 to 11h50

Households Rejecting Loan Offers from Banks

Yiyi Bai, Tilburg University

Discussant: Barbara L’Huillier, Prince Mohammad Bin Fahd University


11h50 to 12h25

The Federal Reserve Liquidity Programs and Bank Performance

Christina Bui, UTS Business School, University of Technology Sydney

Harald Scheule, UTS Business School, University of Technology Sydney

Discussant: Yiyi Bai, Tilburg University


12h25 to 13h00

Does the implementation of a Net Stable Funding Ratio enhance the financial stability of the banking industry? An international study

Barbara L’Huillier, Prince Mohammad Bin Fahd University

Discussant: Christina Bui, UTS Business School, University of Technology Sydney


Stream E.2 – Ownership and Corporate Governance

Session Chair: Limin Xu, University of Adelaide


11h15 to 11h50

Do All Diversified Firms Hold Less Cash? The Role of Corporate Governance and

Product Market Competition

Christina Atanasova, Beedie School of Business, Simon Fraser University

Evan Gatev, Beedie School of Business, Simon Fraser University

Mingxin Li, Beedie School of Business, Simon Fraser University

Discussant: Rui Shen, Nanyang Business School, Nanyang Technological University, Singapore


11h50 to 12h25

Foreign Investors and the Maturity Structure of Corporate Public Debt

Takanori Tanaka, Faculty of Economics, Ritsumeikan University

Discussant: Marco Lyrio, Insper Institute of Education and Research


12h25 to 13h00

Executive Stock Ownership Guidelines and the Agency Cost of Debt

Jun-Koo Kang, Nanyang Technological University

Limin Xu, University of Adelaide

Discussant: Takanori Tanaka, Faculty of Economics, Ritsumeikan University


Stream E.3 – Market Microstructure

Session Chair: Sean Foley, Finance Discipline, Faculty of Business, University of Sydney


11h15 to 11h50

Did the Introduction of ETPs Change the Intraday Price Dynamics of VIX Futures?

Adrian Fernandez-Perez, Auckland University of Technology

Bart Frijns, Auckland University of Technology

Alireza Tourani-Rad, Auckland University of Technology

Robert I. Webb, University of Virginia

Discussant: Yubin Li, Southwestern University of Finance and Economics


11h50 to 12h25

Public News Arrival and Cross-Asset Correlation Breakdown

Kin-Yip Ho, Australian National University

Wai-Man Liu, Australian National University

Jing Yu, University of Western Australia Business School

Discussant: Ivan Indriawan, Auckland University of Technology


12h25 to 13h00

An Empirical Analysis of the Dynamic Probability of Institutional Informed Trading: Evidence from the Taiwan Futures Exchange

Wei-Che Tsai, National Sun Yat-sen University, Kaohsiung, Taiwan

Pei-Shih Weng, National Dong Hwa University, Taiwan

Ming-Hung Wu, National Sun Yat-sen University, Kaohsiung, Taiwan

Miao-Ling Chen, National Sun Yat-sen University, Kaohsiung, Taiwan

Discussant: Sean Foley, Finance Discipline, Faculty of Business, University of Sydney


Stream E.4 – Corporate Tax

Session Chair: Xiaoxiao He, City University of Hong Kong


11h15 to 11h50

Determinants of Corporate Investment: Theory and Evidence on the Investment Effect of Corporate Taxes

Ted Azarmi, Eberhard Karls University Tuebingen

Carolin E. Schmidt, Heilbronn University

Discussant: Tao Chen, Nanyang Technological University


12h25 to 13h00

Does Information Asymmetry Affect Corporate Tax Aggressiveness?

Tao Chen, Nanyang Technological University

Chen Lin, University of Hong Kong

Discussant: Xiaoxiao He, City University of Hong Kong


12h25 to 13h00

Corporate Social Responsibility: The Myopic Barometer?

Christo Ferreira, Auckland University of Technology

David K. Ding, Massey University

Udomsak Wongchoti, Massey University

Discussant: TBC


Stream E.5 – Mutual Funds

Session Chair: Thomas Ruf, University of New South Wales


11h15 to 11h50

Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds

Oleg Chuprinin, University of New South Wales

Denis Sosyura, University of Michigan

Discussant: Ehsan Ramezanifar, Maastricht University


11h50 to 12h25

Objective Misclassification and Mutual Fund Performance

Dennis Bams, Department of finance, School of Business and Economics, Maastricht University

Roger Otten, Department of finance, School of Business and Economics, Maastricht University

Ehsan Ramezanifar, Department of finance, School of Business and Economics, Maastricht University

Discussant: Oleg Chuprinin, University of New South Wales


12h25 to 13h00

When pessimism doesn't pay off: Determinants and implications of stock recalls in the short selling market

Oleg Chuprinin, University of New South Wales

Thomas Ruf, University of New South Wales

Discussant: Judy Qiu, Business School, University of Western Australia