Doctoral Symposium Programme

2018 Doctoral Symposium, Queenstown, New Zealand

CROWNE PLAZA, QUEENSTOWN

Monday, 17 December 2018                                                                                          08:00 - 17:30

08:00 - 08:15

REGISTRATION

ATRIUM
 

SESSION 1

BOARDROOM
08:15 - 08:30

Alireza Tourani-Rad & Ayesha Scott

Welcome

 
08:30 - 09:30

Wolfgang Bessler, Justus-Liebig University Giessen

Wolfgang Bessler is a Professor of Finance & Banking at Justus-Liebig University in Giessen and a research fellow at the Center for Financial Studies at Goethe-University in Frankfurt. He has previously held faculty positions at Syracuse University, Rensselaer Polytechnic Institute and Hamburg University. He currently serves on the advisory and editorial board of various journals including the European Journal of Finance, Journal of International Financial Markets, Institutions & Money, International Review of Financial Analysis and Journal of Multinational Financial Management. He is a board member of the Midwest Finance Association, the Multinational Finance Society, and the European Shadow Financial Regulatory Committee. His research interest includes financial markets and institutions, securities markets, corporate finance and governance as well as asset management and derivatives. He has published extensively in international journals including the Review of Finance, Journal of Financial Stability, Journal of Banking and Finance, Journal of Corporate Finance, European Journal of Finance, European Financial Management, and European Journal of Operational Research, among others. He recently published articles on hedge fund activism, capital structure, zero leverage, portfolio optimization, mutual fund performance persistence, bank risk factors and hedging of sovereign risks.

 
09:30 - 10:30

Christina Atanasova, Simon Fraser University

Christina Atanasova is an Associate Professor in Finance at the Beedie School of Business at Simon Fraser University, Canada. She holds a PhD in Finance from the University of Leeds, UK. She has been in the faculty at the University of York, a Visiting Professor at Universit√© Dauphine Paris, and an Erskine fellow at the University of Canterbury.  Her research has focused on issues in empirical corporate finance such as corporate governance, capital structure and risk management.  She has published in leading academic and practitioner journals. She has been an associate editor for the Bulletin of Economic Research since 2004 and is currently a member of the editorial board of the Financial Analyst Journal.

 
10:30 - 11:00

COFFEE/TEA BREAK

ATRIUM
11:00 - 12:00

Roberto Pascual, University of the Balearic Islands

Roberto Pascual has a Ph.D. in Economics by Universidad Carlos III de Madrid, Spain. He has been Associate Professor at the Business Department of the University of the Balearic Islands (UIB) since 2006. He is currently teaching Financial Economics and Financial Markets to undergraduate students at UIB, and Market Microstructure courses in Ph.D./MBA programs at the Pompeu Fabra University (Barclona, 2009-present) and the Autonomous University (Barcelona, 2009-2016). His main area of expertise is Empirical Market Microstructure, covering topics such as high-frequency trading, circuit breakers, liquidity provision in order-driven markets, market-making costs, and limit order book dynamics. His research has been published in academic journals such as the Journal of Financial Markets, Journal of Banking and Finance, Journal of Financial Econometrics, or Energy Economics. He has held visiting research positions at the Salomon Center of the Stern School of Business - New York University, the European Center for Advanced Research in Economics and Statistics (ECARES) - Université Libre de Bruxelles, and the International Center for Finance of the Yale School of Management - Yale University.

 
12:00 - 13:30

LUNCH BREAK

ATRIUM/COURTYARD
13:30 - 15:30

SESSION 2A

BOARDROOM
CHAIR:Professor Roberto Pascual, University of the Balearic Islands 
Paper:Predicting Stock Returns Using Firm Characteristics: A Bayesian Model Averaging Approach 
Presenter:Shan Chen, City University of Hong Kong 
Discussant: Baoqing Gan, University of Technology Sydney 
Paper:Bilateral and country-specific drivers of geopolitical risk transmission 
Presenter:Mudassar Hasan, Massey University 
Discussant: Sanghyun Hong, University of Canterbury 
Paper:Sensitivity to Sentiments: Social vs News Impacts on Stock Markets – A comparison using textual analysis 
Presenter:Baoqing Gan, University of Technology Sydney 
Discussant: Shan Chen, City University of Hong Kong 
Paper:Exploring Liquidity Risk 
Presenter:Sanghyun Hong, University of Canterbury 
Discussant: Mudassar Hasan, Massey University 
13:30 - 15:30

SESSION 2B

CROWNE III
CHAIR:Professor Christina Atanasova, Simon Fraser University 
Paper:The Determinants of IPO Withdrawal - Evidence from Europe 
Presenter:Pia Helbing, Trinity College Dublin 
Discussant: Lubna Rahman, University of New South Wales 
Paper:Corporate Social Responsibility and Capital Allocation Efficiency: Evidence from Australia and New Zealand 
Presenter:Shengze Xu, Auckland University of Technology 
Discussant: Pia Helbing, Trinity College Dublin 
Paper:Employee Friendliness and Corporate Innovation: Evidence from Quasi-Exogenous Natual Experiments 
Presenter:Lubna Rahman, University of New South Wales 
Discussant: Thuy Lien Nguyen, The University of Adelaide 
Paper:CEO Generosity and Corporate Disclosure 
Presenter:Thuy Lien Nguyen, The University of Adelaide 
Discussant: Shengze Xu, Auckland University of Technology 
15:30 - 16:00

COFFEE/TEA BREAK

ATRIUM
16:00 - 17:30

SESSION 3A

BOARDROOM
CHAIR:Professor Alireza Tourani-Rad, Auckland University of Technology 
Paper:Dividend Smoothing and the Allocation of Internal Cash Flow 
Presenter:Bardia Khorsand, Australian National University 
Discussant: George Smyrnis, University of Sydney 
Paper:Price Reactions of U.S. Equities to Natural Disasters: Industry-Based Evidence 
Presenter:Ihtisham Abdul Malik, The University of Queensland 
Discussant: Bardia Khorsand, Australian National University 
Paper:Motivated saving: The impact of projections on retirement saving intentions 
Presenter:George Smyrnis, University of Sydney 
Discussant: Ihtisham Abdul Malik, The University of Queensland 
16:00 - 17:30

SESSION 3B

CROWNE III
CHAIR:Professor Wolfgang Bessler, Justus-Liebig University Giessen 
Paper:How Do Credit Constraints Impact Innovation?:  Evidence from Vietnam 
Presenter:Lan Nguyen, Griffith University 
Discussant: Isaac (Guangqian) Pan, Australian National University 
Paper:Risk Sharing, Creditor Diversity, and Bank Regulation 
Presenter:Isaac (Guangqian) Pan, Australian National University 
Discussant: Matjaz Maletic, Tilburg University 
Paper:Chinese slowdown and the nominal term structures of the U.S. and German interest rates 
Presenter:Matjaz Maletic, Tilburg University 
Discussant: Lan Nguyen, Griffith University 
17:30 - 18:30

WELCOME RECEPTION

ATRIUM/COURTYARD