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HKUST Finance Symposium on Corporate Finance
December 13-14, 2011

Program Details (pdf)

 
MONDAY, December 12, 2011
 

18:30 - 21:30

 Welcome Reception and Cocktail at Pacific Club,
  Harbour City, Tsim Sha Tsui, Kowloon

 

 DAY1: TUESDAY, December 13, 2011

VENUE: Council Chamber (Room 7336 LIFT 13/15, 7/F), HKUST
 

 08:45 - 09:05  Conference registration and Coffee
 
 09:05 - 09:15  Dean’s Welcome and Opening Remarks
 Leonard Cheng, HKUST Business School
 

Session I: Corporate Governance
Session Chair : Viral Acharya, New York University

   
09:15 - 10:10 A Female Style in Corporate Leadership? Evidence from Quotas
David Matsa, Northwestern University (Kellogg)

Discussant: Kasper Meisner Nielsen, HKUST
 
10:10 - 11:05

The Optimal Duration of Executive Compensation: Theory and Evidence
Radhakrishnan Gopalan, Washington University in St. Louis

Discussant: Rik Sen, HKUST
 

11:05 - 11:35  Coffee Break
 
11:35 - 12:30 Are Control Rights Valuable When Shareholders Lack Information?
Abhiroop Mukherjee,
HKUST

Discussant: Rüdiger Fahlenbrach, École Polytechnique Fédérale de Lausanne and Swiss Finance Institute
 
12:30 - 14:30  Lunch, Chinese Restaurant, G/F, HKUST
 
 

Session II: Internal Capital Markets
Session Chair: Mark Flannery, University of Florida

   
14:30 - 15:25

The Effect of Internal Capital Markets on Corporate Investment: Evidence from the Asian Financial Crisis
Heitor Almeida, University of Illinois at Urbana Champaign

Discussant: David Reeb, National University of Singapore and Temple University
 

15:25 - 16:20

Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates
Amit Seru, University of Chicago

Discussant: Yuri Tserlukevich, Arizona State University
 
 

DAY 2: WEDNESDAY, December 14, 2011

VENUE: Council Chamber (Room 7336, Lift 13/15, 7/F), HKUST

Session III: Capital Structure
Session Chair: Heitor Almeida, University of Illinois at Urbana Champaign

   
09:15 - 10:10 Do Institutional Investors Influence Capital Structure Decisions?
Roni Michaely, Cornell University

Discussant: Vidhan Goyal, HKUST
 
10:10 - 11:05 Financing Major Investments: Information about Capital Structure Decisions
Mark Flannery, University of Florida

Discussant: Laura Liu, HKUST
 
11:05 - 11:35  Coffee Break
 
11:35 - 12:30 Growth Option Exercise and Capital Structure
Amiyatosh Purnanandam, University of Michigan

Discussant:
Bang Dang Nguyen, University of Cambridge
 
12:30 - 14:30  Lunch, Bistro, University Center, HKUST
 
 
Session IV: Financial Crisis
Session Chair: Roni Michaely, Cornell University
   
14:30 - 15:25

Sovereign Debt, Government Myopia, and the Financial Sector
Viral Acharya, New York University

Discussant: Sudipto Dasgupta, HKUST
 

15:25 - 16:20 The Time is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis
Rüdiger Fahlenbrach, École Polytechnique Fédérale de Lausanne and Swiss Finance Institute

Discussant: Peter Mackay, HKUST
 
16:20 - 16:30  Closing Remarks by the Finance Department Chair
 Kalok Chan, HKUST
 
16:30 - 17:15  Cocktail reception at Council Chamber
 
17:30  Coach departs to Hong Kong Jockey Club, Happy Valley
 
18:15 - 22:00 Dinner at Hong Kong Jockey Club, Happy Valley
 
   End of Conference