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17 - 19 December 2018
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Level 3 Conference Centre, Crowne Plaza, Queenstown, New Zealand
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DAY 1 | Monday, 17 December 2018 |
17:00 - 17:30 | REGISTRATION |
17:30 - 18:30 | WELCOME RECEPTION |
DAY 2 | Tuesday, 18 December 2018 |
08:00 - 08:30 | REGISTRATION |
08:30 - 10:00 | STREAM A |
SESSION: A.1 | Gender Diversity |
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CHAIR:
| Shusen Qi, Xiamen University |
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Paper:
| WHEN THEY WORK WITH WOMEN, DO MEN GET ALL THE CREDIT? |
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Presenter:
| Shusen Qi, Xiamen University |
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Discussant:
| David Smith, Massey University |
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Paper:
| EXECUTIVES' GENDER, PROSPECT THEORY BIAS AND INSIDER TRADING |
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Presenter:
| Saba Sehrish, Massey University |
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Discussant:
| Shusen Qi, Xiamen University |
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Paper:
| FEMALE CFOS AND CORPORATE ACCOUNTING FRAUD: DOES BOARD GENDER DISCRIMINATION PLAY A ROLE? |
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Presenter:
| David Smith, Massey University |
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Discussant:
| Saba Sehrish, Massey University |
SESSION: A.2 | Banking I |
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CHAIR:
| Rebel Cole, Florida Atlantic University |
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Paper:
| DOES BANK COMPETITION INCREASE BANK LIQUIDITY CREATION? A STATE-LEVEL PERSPECTIVE |
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Presenter:
| Seungho Choi, University of New South Wales |
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Discussant:
| Rebel Cole, Florida Atlantic University |
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Paper:
| LEGAL ORIGIN, CREDITOR PROTECTION AND BANK LENDING AROUND THE WORLD |
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Presenter:
| Rebel Cole, Florida Atlantic University |
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Discussant:
| Jean-Pierre Fenech, Monash University |
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Paper:
| WHY DO BANKS ISSUE CONTINGENT CONVERTIBLE BONDS? |
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Presenter:
| Jean-Pierre Fenech, Monash University |
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Discussant:
| Seungho Choi, University of New South Wales |
SESSION: A.3 | Theoretical Finance I |
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CHAIR:
| Mark Schroder, Michigan State University |
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Paper:
| CAN ILLIQUIDITY BE PRICED IN AN ACTIVE SECONDARY MARKET? THEORY AND EVIDENCE |
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Presenter:
| Pallab Dey, University of New South Wales |
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Discussant:
| Wei Hu, Curtin University |
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Paper:
| PRIVATE INFORMATION, SECURITIES LENDING, AND ASSET PRICES |
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Presenter:
| Mark Schroder, Michigan State University |
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Discussant:
| Pallab Dey, University of New South Wales |
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Paper:
| INFORMATION, INSIDER TRADING, REGULATION, EXECUTIVE RELOAD STOCK OPTIONS AND INCENTIVES |
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Presenter:
| Wei Hu, Curtin University |
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Discussant:
| Mark Schroder, Michigan State University |
SESSION: A.4 | Asset Pricing I |
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CHAIR:
| Annette Vissing-Jørgensen, University of California, Berkeley |
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Paper:
| MODELLING SECTOR-LEVEL ASSET PRICES |
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Presenter:
| Ivan Diaz-Rainey, University of Otago |
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Discussant:
| Yihui Lan, University of Western Australia |
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Paper:
| FIRM-SPECIFIC INFORMATION AND STOCK RETURN |
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Presenter:
| Yihui Lan, University of Western Australia |
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Discussant:
| Dong Wook Lee, Korea University Business School |
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Paper:
| DOLLAR-WEIGHTED RETURN ON AGGREGATE CORPORATE SECTOR: HOW IS IT DISTRIBUTED ACROSS COUNTRIES? |
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Presenter:
| Dong Wook Lee, Korea University Business School |
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Discussant:
| Ivan Diaz-Rainey, University of Otago |
10:00 - 10:30 | COFFEE/TEA BREAK |
10:30 - 12:00 | STREAM B |
SESSION: B.1 | Behavioral Finance I |
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CHAIR:
| Maren Baars, University of Münster |
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Paper:
| AN ALTERNATIVE BEHAVIORAL EXPLANATION FOR THE MAX EFFECT |
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Presenter:
| Maren Baars, University of Münster |
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Discussant:
| Frank Scrimgeour, University of Waikato |
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Paper:
| INVESTOR OVERCONFIDENCE AND THE SECURITY MARKET LINE: NEW EVIDENCE FROM CHINA |
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Presenter:
| Xing Han, University of Otago |
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Discussant:
| Maren Baars, University of Münster |
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Paper:
| OIL PRICES AND STOCK MARKET ANOMALIES |
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Presenter:
| Frank Scrimgeour, University of Waikato |
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Discussant:
| Xing Han, University of Otago |
SESSION: B.2 | Asset Pricing II |
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CHAIR:
| Ghon Rhee, University of Hawaii |
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Paper:
| RANK, SIGN, AND MOMENTUM |
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Presenter:
| Ghon Rhee, University of Hawaii |
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Discussant:
| Barry Williams, Monash University |
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Paper:
| INVESTOR SENTIMENT DYNAMICS, THE CROSS-SECTION OF STOCK RETURNS AND THE MAX EFFECT |
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Presenter:
| Muhammad Cheema, University of Waikato |
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Discussant:
| Ghon Rhee, University of Hawaii |
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Paper:
| THE CONFLICT BETWEEN SYSTEMIC RISK AND IDIOSYNCRATIC RISK |
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Presenter:
| Barry Williams, Monash University |
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Discussant:
| Muhammad Cheema, University of Waikato |
SESSION: B.3 | Financial Econometrics |
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CHAIR:
| Erik Schlogl, University of Technology Sydney |
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Paper:
| CAN SMALL TRANSACTION COSTS HAVE NON-VANISHING EFFECT ON EQUILIBRIUM PRICES? THE AFFIRMATIVE ANSWER |
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Presenter:
| Sergey Isaenko, Concordia University |
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Discussant:
| Erik Schlogl, University of Technology Sydney |
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Paper:
| QUANTIFYING THE MODEL RISK INHERENT IN THE CALIBRATION AND RECALIBRATION OF OPTION PRICING MODELS |
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Presenter:
| Erik Schlogl, University of Technology Sydney |
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Discussant:
| Jianhui Li, University of Otago |
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Paper:
| HOW DO US OPTION TRADERS "SMIRK" ON CHINA: EVIDENCE FROM FXI OPTIONS MARKET |
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Presenter:
| Jianhui Li, University of Otago |
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Discussant:
| Sergey Isaenko, Concordia University |
SESSION: B.4 | Corporate Directors |
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CHAIR:
| Alireza Tourani-Rad, Auckland University of Technology |
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Paper:
| DOES THE MANDATORY ADOPTION OF OUTSIDE DIRECTORS IMPROVE FIRM PERFORMANCE? |
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Presenter:
| Yasutomo Tsukioka, Kwansei Gakuin University |
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Discussant:
| Ying Dou, Monash University |
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Paper:
| WHY DO DIRECTORS JOIN TROUBLED FIRMS? |
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Presenter:
| Ying Dou, Monash University |
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Discussant:
| Alireza Tourani-Rad, Auckland University of Technology |
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Paper:
| THE VALUE OF ACADEMICS: EVIDENCE FROM ACADEMIC INDEPENDENT DIRECTOR RESIGNATIONS IN CHINA |
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Presenter:
| Alireza Tourani-Rad, Auckland University of Technology |
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Discussant:
| Yasutomo Tsukioka, Kwansei Gakuin University |
12:00 - 13:00 | LUNCH BREAK |
13:00 - 14:00 | |
| | The Federal Reserve and the Stock Market |
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The talk will focus on my recent work on the large impact of the Federal Reserve on the stock market (Cieslak, Morse and Vissing-Jorgensen, "Stock Returns over the FOMC Cycle", 2018) and on the stock market as a central driver of Federal Reserve policy (Cieslak and Vissing-Jorgensen, "The Economics of the Fed Put", 2018).
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14:15 - 15:45 | STREAM C |
SESSION: C.1 | Theoretical Finance II |
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CHAIR:
| Chu Zhang, Hong Kong University of Science and Technology |
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Paper:
| DEEP LEARNING FACTOR ALPHA |
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Presenter:
| Guanhao Feng, City University of Hong Kong |
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Discussant:
| Soohun Kim, Georgia Institute of Technology |
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Paper:
| ARBITRAGE PORTFOLIOS IN LARGE PANELS |
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Presenter:
| Soohun Kim, Georgia Institute of Technology |
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Discussant:
| Chu Zhang, Hong Kong University of Science and Technology |
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Paper:
| RISK-NEUTRAL BETA AND IDIOSYNCRATIC DOWNSIDE RISK OF INDIVIDUAL STOCKS |
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Presenter:
| Chu Zhang, Hong Kong University of Science and Technology |
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Discussant:
| Guanhao Feng, City University of Hong Kong |
SESSION: C.2 | Corporate Finance I |
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CHAIR:
| Tatyana Sokolyk, Brock University |
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Paper:
| HOW DO FIRMS CHOOSE LEGAL FORM OF ORGANIZATION? |
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Presenter:
| Tatyana Sokolyk, Brock University |
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Discussant:
| Winston Wu, University of Sydney |
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Paper:
| FIRM LIFE CYCLE AND LOAN CONTRACT TERMS |
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Presenter:
| Mostafa Hasan, Curtin University |
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Discussant:
| Tatyana Sokolyk, Brock University |
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Paper:
| IMPUTATION CREDITS AND TRADING AROUND EX-DIVIDEND DAY: NEW EVIDENCE IN AUSTRALIA |
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Presenter:
| Winston Wu, University of Sydney |
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Discussant:
| Mostafa Hasan, Curtin University |
SESSION: C.3 | Behavioral Finance II |
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CHAIR:
| Robert Durand, Curtin University |
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Paper:
| THE DECISION MAKING OF A FINANCIAL PSYCHOPATH |
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Presenter:
| Robert Durand, Curtin University |
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Discussant:
| Ayesha Scott, Auckland University of Technology |
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Paper:
| DOES GOOD LUCK MAKE PEOPLE OVERCONFIDENT? EVIDENCE FROM A NATURAL EXPERIMENT IN CHINA |
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Presenter:
| Bin Zhao, NYU Shanghai |
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Discussant:
| Robert Durand, Curtin University |
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Paper:
| RECONCILING DIVERGENT FINDINGS ON THE SPEED OF LEVERAGE ADJUSTMENT |
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Presenter:
| Joye Khoo, Curtin University |
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Discussant:
| Bin Zhao, NYU Shanghai |
SESSION: C.4 | Banking II |
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CHAIR:
| Zhentao Liu, Xiamen University |
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Paper:
| REGULATORY CAPITAL AND INTERNAL CAPITAL TARGETS: AN EXAMINATION OF THE AUSTRALIAN BANKING INDUSTRY |
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Presenter:
| James Cummings, Macquarie University |
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Discussant:
| Zhentao Liu, Xiamen University |
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Paper:
| DOES DODD-FRANK WALL STREET REFORM ACT CHANGED ATTITUDE OF U.S. BANK HOLDING COMPANIES TOWARDS CREDIT AND INTEREST DERIVATIVES? |
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Presenter:
| Xiepeng Wei, University of Canterbury |
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Discussant:
| James Cummings, Macquarie University |
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Paper:
| UNEMPLOYMENT INSURANCE AS AN AUTOMATIC ECONOMIC STABILIZER: EVIDENCE FROM BANK LENDING |
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Presenter:
| Zhentao Liu, Xiamen University |
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Discussant:
| Xiepeng Wei, University of Canterbury |
15:45 - 16:15 | COFFEE/TEA BREAK |
16:15 - 17:45 | STREAM D |
SESSION: D.1 | Option Markets |
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CHAIR:
| David Kemme, University of Memphis |
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Paper:
| THE INFORMATION CONTENT OF SHORT SELLING AND PUT OPTION TRADING: WHEN ARE THEY SUBSTITUTES? |
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Presenter:
| David Kemme, University of Memphis |
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Discussant:
| Sebastian Gehricke, University of Otago |
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Paper:
| CROSS SECTION OF OPTION RETURNS AND VOLATILITY-OF-VOLATILITY |
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Presenter:
| Xinfeng Ruan, Auckland University of Technology |
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Discussant:
| David Kemme, University of Memphis |
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Paper:
| THE IMPLIED VOLATILITY SMIRK IN THE VXX OPTIONS MARKET |
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Presenter:
| Sebastian Gehricke, University of Otago |
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Discussant:
| Xinfeng Ruan, Auckland University of Technology |
SESSION: D.2 | Corporate Finance II |
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CHAIR:
| Jordan Neyland, George Mason University |
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Paper:
| DO LAWYERS MATTER IN INITIAL PUBLIC OFFERINGS? |
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Presenter:
| Jordan Neyland, George Mason University |
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Discussant:
| Audra Boone, Texas Christian University |
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Paper:
| PRODUCT DIFFERENTIATION, BENCHMARKING, AND CORPORATE FRAUD |
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Presenter:
| Audra Boone, Texas Christian University |
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Discussant:
| Jordan Neyland, George Mason University |
SESSION: D.3 | Fixed Income Securities |
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CHAIR:
| Junbo Wang, City University of Hong Kong |
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Paper:
| REGULATORY REFORM AND MULTIPLE CREDIT RATINGS |
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Presenter:
| He Huang, University of Sydney |
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Discussant:
| Junbo Wang, City University of Hong Kong |
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Paper:
| STRATEGIC PORTFOLIO MANAGEMENT: EVIDENCE FROM A NATURAL EXPERIMENT |
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Presenter:
| Yubo Liu, Xiamen University |
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Discussant:
| He Huang, University of Sydney |
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Paper:
| RETURN SYNCHRONICITY IN THE BOND MARKET |
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Presenter:
| Junbo Wang, City University of Hong Kong |
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Discussant:
| Yubo Liu, Xiamen University |
SESSION: D.4 | Investments I |
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CHAIR:
| Sheryl-Ann Stephen, Butler University |
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Paper:
| RISK ANALYSIS OF PENSION FUNDS INVESTMENT CHOICES |
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Presenter:
| Emawtee (Banita) Bissoondoyal-Bheenick, Monash University |
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Discussant:
| Sheryl-Ann Stephen, Butler University |
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Paper:
| POLITICAL REGIMES, INVESTMENT AND ELECTORAL UNCERTAINTY |
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Presenter:
| Sheryl-Ann Stephen, Butler University |
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Discussant:
| Ji (George) Wu, Massey University |
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Paper:
| WHEN TO GO ABROAD: ECONOMIC POLICY UNCERTAINTY AND CHINESE FIRM'S OVERSEAS INVESTMENT |
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Presenter:
| Ji (George) Wu, Massey University |
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Discussant:
| Emawtee (Banita) Bissoondoyal-Bheenick, Monash University |
19:00 - 22:00 | CONFERENCE DINNER |
DAY 3 | Wednesday, 19 December 2018 |
08:00 - 08:30 | REGISTRATION |
08:30 - 10:00 | STREAM E |
SESSION: E.1 | Investments II |
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CHAIR:
| Adrian Fernandez-Perez, Auckland University of Technology |
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Paper:
| A COMPREHENSIVE APPRAISAL OF STYLE-INTEGRATION METHODS ACROSS FUTURES CLASSES |
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Presenter:
| Adrian Fernandez-Perez, Auckland University of Technology |
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Discussant:
| Birgit Müller, Darmstadt University of Technology |
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Paper:
| ASSET GROWTH, STYLE INVESTING, AND MOMENTUM |
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Presenter:
| Kuan-Cheng Ko, National Chi Nan University |
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Discussant:
| Adrian Fernandez-Perez, Auckland University of Technology |
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Paper:
| THE REMARKABLE RELEVANCE OF CHARACTERISTICS FOR MOMENTUM PROFITS |
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Presenter:
| Birgit Müller, Darmstadt University of Technology |
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Discussant:
| Kuan-Cheng Ko, National Chi Nan University |
SESSION: E.2 | Market Microstructure I |
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CHAIR:
| Roberto Pascual, University of the Balearic Islands |
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Paper:
| RISK PERCEPTIONS AND INTERNATIONAL STOCK MARKET LIQUIDITY |
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Presenter:
| Rui Ma, Massey University |
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Discussant:
| Roberto Pascual, University of the Balearic Islands |
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Paper:
| BULK VOLUME CLASSIFICATION UNDER THE MICROSCOPE |
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Presenter:
| Roberto Pascual, University of the Balearic Islands |
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Discussant:
| Ivan Indriawan, Auckland University of Technology |
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Paper:
| THE IMPACT OF TICK SIZES ON TRADER BEHAVIOR: EVIDENCE FROM CRYPTOCURRENCY EXCHANGES
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Presenter:
| Jiri Svec, University of Sydney |
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Discussant:
| Rui Ma, Massey University |
SESSION: E.3 | Mergers and Acquisitions |
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CHAIR:
| Wolfgang Bessler, University of Giessen |
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Paper:
| INDUSTRY EXPERIENCE OF BOARD, CEO, AND ACQUISITION PERFORMANCE |
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Presenter:
| Wei-Hsien Li, National Central University |
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Discussant:
| Wolfgang Bessler, University of Giessen |
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Paper:
| EQUITY-BASED GOLDEN PARACHUTES IN MERGERS AND ACQUISITIONS |
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Presenter:
| Joshua Shemesh, Monash University |
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Discussant:
| Wei-Hsien Li, National Central University |
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Paper:
| THE EFFECTS OF CORPORATE GOVERNANCE REFORMS ON MERGERS AND ACQUISITIONS IN JAPAN |
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Presenter:
| Wolfgang Bessler, University of Giessen |
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Discussant:
| Joshua Shemesh, Monash University |
SESSION: E.4 | Volatility |
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CHAIR:
| Jin Zhang, University of Otago |
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Paper:
| A MULTI-FACTOR MODEL OF IDIOSYNCRATIC VOLATILITY |
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Presenter:
| Yichao Zhu, Australian National University |
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Discussant:
| Marinela Finta, Singapore Management University |
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Paper:
| MODELING VXX UNDER JUMP DIFFUSION WITH STOCHASTIC LONG-TERM MEAN |
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Presenter:
| Jin Zhang, University of Otago |
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Discussant:
| Yichao Zhu, Australian National University |
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Paper:
| COMMODITY RETURN PREDICTABILITY: EVIDENCE FROM IMPLIED VARIANCE, SKEWNESS AND THEIR RISK PREMIA |
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Presenter:
| Marinela Finta, Singapore Management University |
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Discussant:
| Jin Zhang, University of Otago |
10:00 - 10:30 | COFFEE/TEA BREAK |
10:30 - 12:00 | STREAM F |
SESSION: F.1 | Corporate Finance III |
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CHAIR:
| Chia-Feng (Jeffrey) Yu, University of Adelaide |
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Paper:
| EXIT AS GOVERNANCE: QUALIFIED FOREIGN INSTITUTIONAL INVESTORS, STATE CONTROL, AND STOCK PRICE CRASH RISK |
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Presenter:
| Jing Chi, Massey University |
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Discussant:
| Chia-Feng (Jeffrey) Yu, University of Adelaide |
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Paper:
| TOURNAMENT INCENTIVES AND INSTITUTIONAL OWNERSHIP |
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Presenter:
| Chia-Feng (Jeffrey) Yu, University of Adelaide |
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Discussant:
| Leon Li, University of Waikato |
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Paper:
| EFFECTS OF EARNINGS MANAGEMENT STRATEGY ON EARNINGS PREDICTABILITY: A QUANTILE REGRESSION APPROACH BASED ON OPPORTUNISTIC VERSUS EFFICIENT EARNINGS MANAGEMENT |
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Presenter:
| Leon Li, University of Waikato |
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Discussant:
| Jing Chi, Massey University |
SESSION: F.2 | Corporate Governance |
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CHAIR:
| Woojin Kim, Seoul National University
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Paper:
| CONTROL BEYOND OWNERSHIP: SUBCONTRACTORS OF LARGE BUSINESS GROUPS |
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Presenter:
| Woojin Kim, Seoul National University
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Discussant:
| Emma Zhang, Monash University |
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Paper:
| MILITARY EXECUTIVE, CORPORATE FRAUD AND PERFORMANCE IN CHINA |
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Presenter:
| Liping Zou, Massey University |
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Discussant:
| Woojin Kim, Seoul National University
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Paper:
| DISTRACTED AUDITORS |
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Presenter:
| Emma Zhang, Monash University |
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Discussant:
| Liping Zou, Massey University |
SESSION: F.3 | Financial Innovation |
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CHAIR:
| Wenrui Zhang, Chinese University of Hong Kong |
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Paper:
| AWARD-WINNING CEOS AND CORPORATE INNOVATION |
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Presenter:
| Hang (Mia) Pham, Monash University |
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Discussant:
| Xinxin Wang, UNC Kenan-Flagler |
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Paper:
| THE LEVERAGING OF SILICON VALLEY: VENTURE DEBT IN THE INNOVATION ECONOMY |
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Presenter:
| Xinxin Wang, UNC Kenan-Flagler |
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Discussant:
| Wenrui Zhang, Chinese University of Hong Kong |
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Paper:
| STOCK MARKET LIBERALIZATION AND INNOVATION |
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Presenter:
| Wenrui Zhang, Chinese University of Hong Kong |
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Discussant:
| Hang (Mia) Pham, Monash University |
SESSION: F.4 | Financial Analysts |
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CHAIR:
| Udi Hoitash, Bentley University |
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Paper:
| PERFORMANCE EVALUATION OF CHINESE EQUITY ANALYSTS |
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Presenter:
| Yeguang Chi, Shanghai Jiaotong University |
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Discussant:
| Udi Hoitash, Bentley University |
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Paper:
| DO SELL-SIDE ANALYSTS’ QUALIFICATIONS MITIGATE THE ADVERSE EFFECTS OF ACCOUNTING REPORTING COMPLEXITY? |
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Presenter:
| Udi Hoitash, Bentley University |
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Discussant:
| Reuben Segara, University of Sydney |
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Paper:
| ANALYST TIPPING: EVIDENCE ON FINNISH STOCKS |
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Presenter:
| Reuben Segara, University of Sydney |
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Discussant:
| Yeguang Chi, Shanghai Jiaotong University |
12:00 - 13:30 | LUNCH BREAK |
13:30 - 15:00 | STREAM G |
SESSION: G.1 | Capital Structure |
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CHAIR:
| Christina Atanasova, Simon Fraser University |
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Paper:
| FIRM DIVERSIFICATION AFFECTS LIQUIDITY MANAGEMENT: THE ROLE OF LINES OF CREDIT |
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Presenter:
| Christina Atanasova, Simon Fraser University |
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Discussant:
| Balagopal Gopalakrishnan, Indian Institute of Management Ahmedabad |
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Paper:
| EQUITY ISSUES AND DEBT RESTRUCTURING: EVIDENCE FROM AN EMERGING MARKET |
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Presenter:
| YoungKyung Ko, UNITAR International University |
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Discussant:
| Christina Atanasova, Simon Fraser University |
|
Paper:
| RISK-SENSITIVE BASEL REGULATIONS AND FIRMS' ACCESS TO CREDIT: DIRECT AND INDIRECT EFFECTS |
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Presenter:
| Balagopal Gopalakrishnan, Indian Institute of Management Ahmedabad |
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Discussant:
| YoungKyung Ko, UNITAR International University |
SESSION: G.2 | Market Microstructure II |
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CHAIR:
| Ivan Indriawan, Auckland University of Technology |
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Paper:
| THE IMPACT OF CROSS-LISTING ON HIGH-FREQUENCY TRADING |
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Presenter:
| Ivan Indriawan, Auckland University of Technology |
|
Discussant:
| Takao Kusakawa, Kochi University of Technology |
|
Paper:
| KEYNES'S BEAUTY CONTEST IN STOCK MARKETS: AN EXPERIMENTAL STUDY |
|
Presenter:
| Takao Kusakawa, Kochi University of Technology |
|
Discussant:
| Bao Doan, University of New South Wales |
|
Paper:
| DO INVESTORS DIFFERENTIATE BETWEEN UNCERTAINTY AND RISK: EVIDENCE FROM TRADING AROUND U.S. MACROECONOMIC NEWS |
|
Presenter:
| Bao Doan, University of New South Wales |
|
Discussant:
| Jiri Svec, University of Sydney |
SESSION: G.3 | Textual Analysis |
|
CHAIR:
| Aaron Gilbert, Auckland University of Technology |
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Paper:
| LINGUISTIC COMPLEXITY AND COST OF EQUITY CAPITAL |
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Presenter:
| Aaron Gilbert, Auckland University of Technology |
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Discussant:
| Jiexiang Huang, University of Otago |
|
Paper:
| MEDIA TONE AND CEO HUMAN CAPITAL
|
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Presenter:
| Jiexiang Huang, University of Otago |
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Discussant:
| Juliane Krug, University of New South Wales |
|
Paper:
| WHO BENEFITS FROM BROKER ID DISCLOSURE? |
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Presenter:
| Juliane Krug, University of New South Wales |
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Discussant:
| Aaron Gilbert, Auckland University of Technology |
SESSION: G.4 | Corporate CEOs |
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CHAIR:
| Lingwei Li, Australian National University |
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Paper:
| PILOT CEOs AND CORPORATE CASH HOLDINGS |
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Presenter:
| Lingwei Li, Australian National University |
|
Discussant:
| Harvey Nguyen, Massey University |
|
Paper:
| MILITARY CEOs AND BANK LOAN CONTRACTS |
|
Presenter:
| Harvey Nguyen, Massey University |
|
Discussant:
| Emdad Islam, University of New South Wales |
|
Paper:
| INVENTOR CEOs |
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Presenter:
| Emdad Islam, University of New South Wales |
|
Discussant:
| Lingwei Li, Australian National University |
15:00 - 15:30 | COFFEE/TEA BREAK |
15:30 - 16:30 | STREAM H |
SESSION: H.1 | Investments III |
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CHAIR:
| Chayawat Ornthanalai, University of Toronto |
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Paper:
| SPEED AND EXPERTISE IN STOCK PICKING: OLDER, SLOWER, AND WISER? |
|
Presenter:
| Chayawat Ornthanalai, University of Toronto |
|
Discussant:
| Buhui Qiu, University of Sydney |
|
Paper:
| DELEVERAGING, MARKET LIQUIDITY, AND FUNDING LIQUIDITY CRISIS: A NATURAL EXPERIMENT |
|
Presenter:
| Buhui Qiu, University of Sydney |
|
Discussant:
| Chayawat Ornthanalai, University of Toronto |
SESSION: H.2 | Foreign Exchange |
|
CHAIR:
| Nina Karnaukh, Ohio State University |
|
Paper:
| THE DOLLAR AHEAD OF FOMC TARGET RATE CHANGES |
|
Presenter:
| Nina Karnaukh, Ohio State University |
|
Discussant:
| Ingomar Krohn, University of Warwick |
|
Paper:
| FX PREMIA AROUND THE CLOCK |
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Presenter:
| Ingomar Krohn, University of Warwick |
|
Discussant:
| Nina Karnaukh, Ohio State University |
SESSION: H.3 | Alternative Investments |
|
CHAIR:
| Danika Wright, University of Sydney |
|
Paper:
| LIQUIDITY CONSTRAINTS, HOME EQUITY AND RESIDENTIAL MORTGAGE LOSSES |
|
Presenter:
| Hung Do, Massey University |
|
Discussant:
| Danika Wright, University of Sydney |
|
Paper:
| HOME ADVANTAGE: THE HOME BIAS IN RESIDENTIAL REAL ESTATE |
|
Presenter:
| Danika Wright, University of Sydney |
|
Discussant:
| Hung Do, Massey University |
SESSION: H.4 | Theoretical Finance III |
|
CHAIR:
| Xiaotian Zhang, Saint Mary's College of California |
|
Paper:
| LABOR AS A MONITOR OF THE CEO: EVIDENCE OF POWER PLAY IN OUTSOURCING |
|
Presenter:
| Xiaotian Zhang, Saint Mary's College of California |
|
Discussant:
| Markus Baldauf, University of British Columbia |
|
Paper:
| CONTRACTING FOR FINANCIAL EXECUTION |
|
Presenter:
| Markus Baldauf, University of British Columbia |
|
Discussant:
| Xiaotian Zhang, Saint Mary's College of California |
