Summer Institute of Finance Capital Markets Program and Corporate Finance Program Meetings: Preliminary Program
July 19-20, 2010, at the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Co-sponsored by China Academy of Financial Research, Shanghai Advanced Institute of Finance, Cheung Kong Graduate School of Business and Cheung Kong Research Business Institute
Schedule
Sunday, July 18, 2010
Registration and Reception: 6:00-8:00 pm (Location: Shanghai Advanced Institute of Finance, 3rd Floor, Da Tong Plaza)
Monday, July 19, 2010
Morning Session: 9:00-12:30pm (Location: Shanghai Advanced Institute of Finance, Room 203, Da Tong Plaza)
Session Chair: Cao Henry , CKGSB and SAIF
Paper 1: Asymmetric Information, Endogenous Illiquidity, and Asset Pricing With Imperfect Competition
Hong Liu, Washington University in St. Louis and SAIF
Yajun Wang, Washington University in St. Louis
Discussant: Nengjiu Ju, Hong Kong University of Science and Technology
Paper 2: A Model of Portfolio Delegation and Strategic Trading
Albert Kyle, University of Maryland
Hui Ou-Yang, CKGSB and Nomura Securities
Bin Wei, Baruch College
Discussant: Yingzi Zhu, Tsinghua University
Coffee/Tea Break: 10:30-11:00am
Paper 3: Determinants of Bond Risk Premia
Jingzhi Huang, Penn State University
Zhan Shi, Penn State University
Discussant: Hong Yan, University of South Carolina and SAIF
Paper 4: Fixed Revenue Auctions
Tingjun Liu, Cheung Kong Graduate School of Business
Christine Parlour, UC Berkeley
Discussant: Yajun Wang, Washington University in St. Louis
Lunch: 12:30 - 2:30pm (Location: Faculty Club, Shanghai Jiao Tong University)
Afternoon Session: 2:30-5:00pm (Location: Shanghai Advanced Institute of Finance, Room 203, Da Tong Plaza)
Session Chair: Ou-Yang Hui，CKGSB and Nomura Securities
Paper 1: Selection of Star CEOs and Firm Performance
Minwen Li, University of Maryland and Tsinghua University
Discussant: Zhangkai Huang, Tsinghua University
Paper 2: Birds of Feather or Celebrating Differences? The Formation and Impact of Venture Capital Syndication
Qianqian Du, Shanghai Advanced Institute of Finance (SAIF)
Discussant: Dongyan Ye, Cheung Kong Graduate School of Business
Coffee/Tea Break: 4:00-4:15pm
Paper 3: Enforcement and the Effectiveness of Laws and Regulations
Lei Lu, Shanghai University of Finance & Economics
Jun Qian, Boston College and SAIF
Ke Li, Shanghai University of Finance & Economics
Discussant: Qianqian Du, Shanghai Advanced Institute of Finance (SAIF)
Conference Dinner: 7:00-9:30pm (Location: Amber Hall, Xinhua Garden Shanghai)
Tuesday, July 20, 2010
Morning Session: 9:00-12:30pm (Location:Shanghai Advanced Institute of Finance, Room 203, Da Tong Plaza)
Session Chair: Qian Jun , Boston College and SAIF
Paper 1: What Moves Aggregate Investment?
Long Chen, Washington University in St. Louis and CKGSB
Zhi Da, University of Notre Dame
Borja Larrain, Pontificia Universidad Catlica de Chile
Discussant: Laura Xiaolei Liu, Hong Kong University of Science and Technology
Paper 2: Asset-backed securitization in industrial firms—an empirical investigation
Laura Xiaolei Liu, Hong Kong University of Science and Technology
Michael Lemmon, University of Utah
Mike Qinghao Mao, Hong Kong University of Science and Technology
Discussant: Wenjin Kang, National University of Singapore
Coffee/Tea Break: 10:30-11:00am
Paper 3: A Utility-Based Comparison of Pension Funds and Life
Dirk Broeders, De Nederlandsche Bank
An Chen, University of Bonn
Birgit Koos, University of Bonn
Discussant: Weidong Tian, University of North Carolina at Charlotte
Paper 4: Optimal Arbitrage Strategies
Jun Liu, UCSD and CKGSB
Allan Timmermann, UCSD
Discussant: Lei Lu, Shanghai University of Finance & Economics
Lunch: 12:30 - 2:30pm (Location: Faculty Club, Shanghai Jiao Tong University)
Afternoon Session: 2:30-5:00pm (Location: Shanghai Advanced Institute of Finance, Room 203, Da Tong Plaza)
Session Chair: Yan Hong , University of South Carolina and SAIF
Paper 1: Trading Puts and CDS on Stocks with Short Sale Ban
Sophie Ni, Hong Kong University of Science and Technology
Jun Pan, MIT
Discussant: Ming Guo, Shanghai Advanced Institute of Finance (SAIF)
Paper 2: Stock Price Synchronicity and Liquidity
Kalok Chan, Hong Kong University of Science and Technology
Allaudeen Hameed, National University of Singapore
Wenjin Kang,National University of Singapore
Discussant: Fang Liu, Cheung Kong Graduate School of Business
Coffee/Tea Break: 4:00-4:15pm
Paper 3: Investor Heterogeneity, Investor-Management Agreement and Open-Market Share Repurchases
Sheng Huang, Singapore Management University
Anjan Thakor, Washington University in St. Louis
Discussant:Tingjun Liu, Arizona State University and CKGSB
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