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Summer Institute of Finance
Capital Markets Program and Corporate Finance Program Meetings Kunming, July 14-15 China Wednesday, July 13, 2011
Registration and Reception: 6:00-8:00 pm (Location: Panorama Lounge, Grand Park Hotel) Thursday, July 14, 2011
Morning Session: 9:00-12:30pm (Location: Salon I, F2, Grand Park Hotel) Session Chair: TBA
Paper 1: Individual Investors, Location, and Portfolio Choice
Mark S. Seasholes, HKUST Mingzhu Tai, Tsinghua Zhishu Yang, Tsinghua Discussant: Bing Liang (UMass and SAIF) Paper 2: Does Order Flow Forecast Exchange Rates? Pasquale Della Corte, University of Warwick Dag finn Rime, Norges Bank Lucio Sarno, Cass Business School Ilias Tsiakas, University of Guelph Discussant: Nengjiu Ju (HKUST and SAIF) Coffee/Tea Break: 10:30-11:00am
Paper 3: Fresh Momentum
Long Chen, Wash U - St Louis and CKGSB Ohad Kadan, Wash U – St Louis Engin Kose, Wash U - St Louis Discussant: Laura X.L. Liu (CKGSB and HKUST) Paper 4: Technical Analysis, Liquidity Provision, and Return Predictability Ming Guo, SAIF Chun Xia, University of Hong Kong Discussant: Jianjun Miao (Boston University) Lunch: 12:30 - 2:30pm (Location: Cafe Palmetto, Grand Park Hotel)
Afternoon Session: 2:30-5:00pm (Location: Salon I, F2, Grand Park Hotel) Session Chair: TBA
Paper 1: Credit Risk and Business Cycles
Pengfei Wang, HKUST Jianjun Miao, Boston University Discussant: Tingjun Liu (CKGSB) Paper 2: Economic Catastrophe Bonds: Inefficient Market or Inadequate Model? Haitao Li, CKGSB and Michigan Feng Zhao, UT-Dallas Discussant: Fan Yu (Claremont) Coffee/Tea Break: 4:00-4:15pm
Paper 3: Noise as Information for Illiquidity
Xing Hu, Princeton Jun Pan, MIT and SAIF Jiang Wang, MIT and SAIF Discussant: Jun Liu (UCSD) Conference Dinner: 7:00-9:30pm (Location: Bamboo House restaurant)
Friday, July 15, 2011
Morning Session: 9:00-12:30pm (Location: Salon I, F2, Grand Park Hotel) Session Chair: TBA
Paper 1: Do Overconfident Insiders Always Overreact?
Chun Xia, University of Hong Kong Discussant: Yencheng Chang (SAIF) Paper 2: Intangible Assets and Cross-Sectional Stock Returns: Evidence from Structural Estimation Erica X.N. Li, Michigan and CKGSB Laura X.L. Liu, CKGSB and HKUST Discussant: Hong Zhang (CKGSB and INSEAD) Coffee/Tea Break: 10:30-11:00am
Paper 3: Career Concerns and the Busy Life of Young CEOs
Xiaoyang Li, CKGSB Angie Low, NTU Anil Makhija, OSU Discussant: Jun Qian (Boston College and CAFR) Paper 4: The Impact of Organizational and Incentive Structures on Information Production: Evidence from Bank Lending Jun Qian, Boston College and CAFR Philip Strahan, Boston College Zhishu Yang, Tsinghua Discussant: Weining Zhang (NUS) Lunch: 12:30 - 2:30pm (Location: Cafe Palmetto, Grand Park Hotel) Afternoon Session: 2:30-5:00pm (Location: Salon I, F2, Grand Park Hotel) Session Chair: TBA
Paper 1: Does Informal Finance Help Formal Finance? Evidence from Third Party Loan Guarantees in China
Chenyu Shan, University of Hong Kong Dragon Tang, University of Hong Kong Discussant: Chenying Zhang (Wharton) Paper 2: CEO incentive dynamics and their effect on firm value Zhonglan Dai, UT-Dallas Li Jin, HBS Weining Zhang, NUS Discussant: Jun Yang (Indiana) Coffee/Tea Break: 4:00-4:15pm
Paper 3: Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking
Jun Yang, Indiana Michael Faulkender, Maryland Discussant: Xiaoyang Li (CKGSB) |
