Preliminary Program
Summer Institute of Finance
July 18-20, 2013, at Pan Pacific, Suzhou, China

Wednesday,July 17,2013
Registration and Reception: 7:30pm-9:30 pm (Location: F1, Pan Pacific, Suzhou)
Day One,July 18,9:00am-12:20pm
Macro-Finance Chinese Economy Session
Banking Bubbles and Financial Crisis
Jianjun Miao,Boston University
Pengfei Wang,HKUST
Discussant: Kang Shi, Chinese University of Hong Kong

A Model of China's State Capitalism
Yong Wang, Department of Economics, HKUST
Xi Li, Department of Accounting, HKUST
Xuewen Liu, Department of Finance, HKUST
Discussant: Tian Zhu, CEIBS

Coffee Break (20 minutes)

The Political Economy of Corporate Finance: evidence from China's re-nationalization
Zhangkai Huang, Tsinghua University
Jun Qian, Boston College
Lixing Li,China Center of Economic Research Peking University
Guangrong Ma,China Center of Economic Research Peking University
Discussant: Wei Li, CKGSB

Capital Controls and Optimal Chinese Monetary Policy
Chun Chang, SAIF
Zheng Liu, Federal Reserve Bank of San Francisco
Mark M. Spiegel, Federal Reserve Bank of San Francisco
Discussant: Yan Bai, University of Rochester

Day Two,July 19,9:00am-12:20pm
Smooth Trading with Overconfidence and Market Power
Albert Kyle, Univeristy of Maryland at College Park
Anna Obizhaeva, University of Maryland at College Park
Yajun Wang, University of Maryland at College Park
Discussant: Liyan Yang, University of Toronto

Liquidity Shocks and Stock Market Reactions
Lin Peng, Baruch College, City University of New York
Turan Bali, Georgetown University
Yannan Shen, Baruch College, CUNY
Discussant: Jennifer Huang, CKGSB

Coffee Break (20 minutes)

Is "sentiment" sentimental?
Xiaoyan Zhang, Purdue University and SAIF
Yuhang Xing, Rice University and SAIF
Steve Sibley, Purdue University
Discussant: Yexiao Xu, University of Texas at Dallas

Explaining momentum and value simultaneously
Jun Li, University of Texas at Dallas
Discussant: Phil Dybvig, Washington University in St. Louis

Day Three,July 20,9:00am-12:20pm
Providing protection or encouraging holdup? The effects of labor unions on innovation
Daniel Bradley, University of South Florida
Incheol Kim, University of South Florida
Xuan Tian, Indiana University
Discussant: Chenyu Shan, University of Hong Kong

Product Market Predatory Threats and Contractual Constraints of Debt
Xunhua Su, Norwegian University of Science and Technology
Einar Kjenstad, University of Rochester
Discussant: Jianjun Miao, Boston University

Coffee Break (20 minutes)

Is Consumption Growth merely a Sideshow in Asset Pricing?
Thomas Maurer, Washington University in St. Louis
Discussant: Mark Loewenstein, University of Maryland

The bright side of lending by government owned banks: Evidence from the Japanese financial crisis
Anand Srinivasan, National University of Singapore
Takeshi Yamada, The University of Adelaide Business School
Yupeng Lin, National University of Singapore
Discussant: Han Xia, University of Texas at Dallas