|
HKUST Finance Symposium
on Corporate Finance
<<Click here to download
the program>>
|
MONDAY, DECEMBER 14, 2009
|
|
18:30 – 21:30 pm |
Welcome Reception and Cocktail at Pacific Club, Harbour City, Tsimshatsui, Kowloon |
|
|
DAY 1: TUESDAY, DECEMBER 15, 2009
Venue: EMBA CLASSROOM 3 (RM 6573), LIFT 29-30, 6/F ANNEX BUILDING, HKUST
|
|
9:00 –
9:15 am |
Coffee
and Conference registration
|
|
9:15 –
9:20 am |
Dean’s Welcome and Opening Remarks
Leonard Cheng, HKUST Business School
|
|
|
Session I: BANKRUPTCY, LIQUIDITY, AND CRISIS
Session
Chair: Peter DeMarzo, Stanford University
|
|
9:20
–10:10 am |
Bank Entry and Bankruptcy
Nandini Gupta, Indiana University
Discussant: Vidhan Goyal, HKUST
|
|
10:10–11:00 am |
Negotiating with Labor under Financial Distress
Efraim Benmelech,
Harvard University and NBER
Discussant: Ilona Babenko, Arizona State University/HKUST
|
|
11:00 –
11:20 am |
Coffee Break
|
|
11:20
– 12:10pm |
Liquidity Management in Financial Crisis
Victoria Ivashina,
Harvard University
Discussant: Jie Gan, HKUST
|
|
12:20 –
13:45 pm |
Lunch,
G/F Chinese restaurant, HKUST
|
|
|
Session II: CAPITAL STRUCTURE
Session Chair:
Michael Lemmon, University of Utah
|
|
13:45 –
14:35 pm |
Agency Conflicts and Cash: Estimates from a Structural Model
Toni Whited, University of Rochester
Discussant: Yuri Tserlukevich, Arizona State University/HKUST
|
|
14:35 –
15:25 pm |
Market Conditions and the Structure of Securities
Woojin Kim, Korea University
Discussant: Laura Liu, HKUST
|
|
15:25 - 15:45 pm |
Coffee Break |
|
|
Session III: EXECUTIVE PAY AND GOVERNANCE
Session Chair: Michael Weisbach, Ohio State University
|
|
15:45 –
16:35 pm |
The Representation of Private Interests on Federal Reserve Bank Boards-Who Benefits?
Renee Adams, University of Queensland
Discussant: Michael Lemmon, University of Utah
|
|
16:35 –
17:25 pm |
Search Intermediaries, Internal Labor Markets, and CEO Pay
Fei Ding, HKUST
Discussant: Renee Adams, University of Queensland
|
|
|
|
|
DAY 2: WEDNESDAY, DECEMBER 16, 2009
Venue: EMBA CLASSROOM 3 (RM 6573), LIFT 29-30, 6/F ANNEX BUILDING, HKUST
|
|
9:00 –
9:20 am |
Coffee
|
|
|
Session IV: CORPORATE INVESTMENT
Session
Chair: Toni Whited, University of Rochester
|
|
9:20
–10:10 am |
A Unified Theory of Tobin’s q, Corporate Investment, Financing, and Risk Management
Neng Wang, Columbia University
Discussant: Peter DeMarzo, Stanford University
|
|
10:10–11:00 am |
Dynamic Agency and the q Theory of Investment
Peter DeMarzo, Stanford University
Discussant: Toni Whited, University of Rochester
|
|
11:00 –
11:20 am |
Coffee Break
|
|
11:20
– 12:10pm |
World Markets for Mergers and Acquisitions
Michael Weisbach,
Ohio State University
Discussant: Peter Mackay, HKUST
|
|
12:10 –
13:40 pm |
Lunch, University Centre Bistro, HKUST
|
|
|
Session V: OPTIMISM
Session
Chair: Neng Wang, Columbia University
|
|
13:40 –
14:30 pm |
Stocking Up: Executive Optimism and Share Retention
Rik Sen, HKUST
Discussant: Huining Henry Cao, Cheung Kong GSB
|
|
14:30 –
15:20 pm |
The Importance of Being an Optimist: Evidence from Labor Markets
David Robinson, Duke University
Discussant: Ann Sherman, DePaul University
|
|
15:20 –
15:40 pm |
Coffee Break |
|
|
Session VI: INVESTMENT PORTFOLIOS
Session Chair: Renee Adams, University of Queensland
|
|
15:40 –
16:30 pm |
The Size and Specialization of Direct Investment Portfolios
Yael Hochberg, Northwestern University
Discussant: Suman Banerjee, Nanyang Technological University
|
|
16:30 –
16:40 pm |
Closing Remarks by the Finance Department Chair
Kalok Chan, HKUST
|
|
16:40 –
17:30 pm |
Cocktail reception
|
|
18:15 –
22:00 pm |
Dinner at Hong Kong Jockey Club, Happy Valley
|
|
|
End of Conference |
|