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Fourth Singapore International Conference on Finance

Fri, 09 and Sat, 10 July 2010

Organized by

NUS Business School

PROGRAMME

FRIDAY, 09 JULY 2010
 
8:15am Registration
8:45 – 9:00am Welcome Remarks
Bernard Yeung
Dean and Stephen Riady Distinguished Professor
NUS Business School
9:00 – 10:00am Keynote Speech

“Do International Cross-Listings Still Matter?”

G. Andrew Karolyi
Professor of Finance and Global Business

Alumni Chair in Asset Management
S.C. Johnson Graduate School of Management
Cornell University

10:00 – 10:30am Coffee Break

Session I: Mergers & Acquisitions
Session Chair: Allaudeen Hameed (NUS Business School)

10:30 – 11:15am Paper 1

“Acquirer-Target Social Ties and Merger Outcomes”

Joy L. Ishii (Stanford Graduate School of Business)

Yuhai Xuan* (Harvard Business School)

Discussant: Emir Hrnjic (NUS Business School)

11:15 – 12:00noon

Paper 2

“The Value of CEOs Industry Expertise-Evidence from Mergers & Acquisitions”

Daniel Metzger* (London School of Economics & Political Science)

Claudia Custodio (London School of Economics & Political Science)

Discussant: Andy (Young Han) Kim (Nanyang Business School)

12:00 – 2:00pm

Luncheon

Session II: Mutual Funds

Session Chair: Tarun Chordia (Emory University)

2:00 – 2:45pm Paper 3

“A Test of Self-Serving Attribution Bias: Evidence from Mutual Funds”

Darwin Choi* (Hong Kong University of Science & Technology)

Dong Lou (London School of Economics & Political Science)

Discussant: Jay Ritter (University of Florida)

2:45 – 3:30pm Paper 4

“Finding Bernie Madoff: Detecting Fraud by Investment Managers”

Stephen G. Dimmock* (Nanyang Technological University)

William Christopher Gerken (Auburn University)

Discussant: Jay Patel (Harvard University and OurGlobalFunds)

3:30 – 4:15pm Paper 5

“Mutual Fund Risk and Market Share Adjusted Fund Flows"

Matthew I. Spiegel (Yale School of Management)

Hong Zhang* (INSEAD)

Discussant: Joe Zhang (Singapore Management University)

4:15 – 4:45pm Coffee Break (End)



SATURDAY, 10 JULY 2010
 
8:30am Registration

Session III: Institutional Investors
Session Chair: Laura T. Starks (University of Texas at Austin)

9:00 – 9:45am Paper 6
“Do Institutional Investors Have an Ace Up Their Sleeves? Evidence from Confidential Filings of Portfolio Holdings”
Vikas Agarwal* (Georgia State University)
Wei Jiang (Columbia Business School)
Yuehua Tang (Georgia State University)
Baozhong Yang (Georgia State University)

Discussant: Pedro Matos (USC Marshall School of Business)
9:45 – 10:30am Paper 7
“Does Governance Travel Around the World? Evidence from Institutional Investors”

Reena Aggarwal (Georgetown University)
Isil Erel (Ohio State University)
Miguel Almeida Ferreira (Universidade Nova de Lisboa)
Pedro Matos* (USC Marshall School of Business)

Discussant: Jiekun Huang (NUS Business School)
10:30 – 11:00am Coffee Break

Session IV: Law & Finance
Session Chair: Joseph Cherian (NUS Business School)

11:00 – 11:45am Paper 8
“Legal-System Arbitrage and MNC Capital Structure”
Suman Banerjee (Nanyang Business School)
Thomas H. Noe* (Oxford and Tulane University)

Discussant: Sugato Bhattacharyya (University of Michigan)
11:45 – 12:30pm         Paper 9
“Political Risk, Development Banks and the Choice of Recourse in Syndicated Lending”
Stefanie Kleimeier* (Maastricht University)
Christa Hainz (Ifo Institute for Economic Research)

Discussant: Michael Lemmon (University of Utah)
12:30 – 2:30pm Luncheon

Session V: Behavioral Finance
Session Chair: Chuan Yang Hwang (Nanyang Business School)

2:30 – 3:15pm Paper 10
“Nature or Nurture: What Determines Investor Behavior?”

Amir Barnea (Claremont McKenna)
Henrik Cronqvist* (Claremont McKenna)
Stephan Siegel (University of Washington

Discussant: David Hirshleifer (University of California, Irvine)
3:15 – 4:00pm Paper 11
“Does Information Dissemination Mitigate Bubbles?”
Sandro C. Andrade* (University of Miami)
Jiangze Bian (University of International Business and Economics)
Timothy R. Burch (University of Miami)

Discussant: Li Jin (Harvard Business School)
4:00 – 4:30pm Farewell Coffee

*Paper Presenter