Venue: Mochtar Riady Building, NUS Business School, MRB RM #5-4
Date: 25th and 26th August 2011
Time: 8.45am - 4.50pm (25th August 2011)
9.00am - 4.30pm (26th August 2011)

 

 

CGIO Academic Conference, August 25-26, 2011

The Centre for Governance, Institutions and Organizations (CGIO) at NUS Business School will host its annual CGIO Academic Conference on Thursday and Friday, 25th and 26th August 2011.

The Conference will focus on the theme of corporate governance and institution. While it would be unsurprising to suggest that governance varies across institutional contexts, understanding how and why institutions emerge, involve and change and their impact on business enterprises are less self-evident.

The rapidly evolving world of global business provides significant opportunities to do cross-national research in this arena. The economies of Asia are all historically characterized to a significant extent by a network form of capitalism. Yet, the development (and evolution) of institutions has proceeded significantly and rapidly in several of these nations.

This serendipitous co-emergence of both theoretical and practical significance suggests that the time may be right for the next push in research on the interface between governance and institutions. General topics of our interest include:


• Role of intellectual property rights, political rights, and civil liberties in firm performance and economic growth;

• Impact of corporate legal and regulatory framework on firm behavior and performance;

• Examine the economic performance of various governance forms such as family business and state owned enterprises/government-linked companies;

• Role of business groups in emerging market countries;

• Impact of institutions in individual countries-in addressing a common environmental shock, e.g., global financial crisis;

• Evolution of institutions with interactions among individual actors and governments;


CGIO Academic Conference 2011 Programme

Day 1 Programme
(Thursday, 25th August 2011)

8.45am - 9.00am         Welcome Speech:Bernard Yeung, Dean


9.00am - 10.00am        Keynote Speech:Pankaj Ghemawat, IESE;
                                     Differences in Ownership and Governance
                                     around the World


10.00am - 10.20am       Tea Break


10.20am - 11.50am     Session 1 :Role of Institutional Investors

                                    Institutional Investors as Minority Shareholders

Presenter:Yishay Yafeh, Hebrew University
Discussant:Craig Brown, NUS

The impact of Relational and Transactional
Ownership on the Adoption of Stock Option Pay
in Japan

Presenter:Toru Yoshikawa, Singapore
Management University
Discussant:Ishtiaq Mahmood, NUS


12.30pm - 1.30pm         Lunch


1.30pm - 3.00pm         Session 2 : Family Ownership

                                    Family Controlled Firms and Informed Trading:
Evidence from Short Sales

Presenter: David Reeb, Temple University and
NUS
Discussant: Marleen Dieleman, NUS

Control Motivations and Capital Structure
Decisions

Presenter: Andrew Ellul, Indiana
Discussant: Yupana Wiwattanakantang, NUS


3.00pm - 3.20pm           Tea Break

3.20pm - 4.50pm         Session 3: Capital Market Control Effectiveness

Who will Appreciate My Narcissism? Theory and
Evidence on Social Inference Processes in New
Director Selections

Presenter: Guoli Chen, INSEAD
Discussant: Lawrence Loh, NUS

Shareholder Coordination Costs and the Market
for Corporate Control

Presenter: Jiekun Huang, NUS
Discussant: Lei Zhang, NTU


Day 2 Programme
(Friday, 26 August 2011)

9.00am - 10.30am       Session 4: Political Connections

From Backroom to Boardroom: Role of
Government Directors in Corporate Governance
and Firm Performance

Presenter: Junkoo Kang, NTU
Discussant: Anand Srinivasan, NUS

Political Promotion, CEO Incentives, and the
Relationship between Pay and Performance

Presenter: Meijun Qian, NUS
Discussant: Quoc-Anh Do, SMU


10.30am - 10.50am      Tea Break

10.50am - 12.20pm     Session 5: Incentive Structure

Derivatives and Corporate Governance:
Over-hedging, Negative Voting and
Counterparty Incentives

Presenter: Holger Spamann, Harvard Law
School and NUS
Discussant: Luh Luh Lan, NUS

CEO Incentive Dynamics and Their Effect
on Firm Value

Presenter: Weining Zhang, NUS
Discussant: Bin Ke, NTU


12.30pm - 1.30pm         Lunch


1.30pm - 2.30 pm         Keynote Speech: Colin Mayer, 
Said Business School, Oxford; 
                                    Governance and Regulation in Crisis:
                                    Addressing the Next One


2.30pm - 3.00pm           Tea Break

3.00pm - 4.30pm         Session 6: Governance and Firm Performance

                                    Substantive vs. Symbolic Restructuring in China

Presenter: Lu Xiaohui, Pasha Mahmood,
Pengji Wang, NUS
Discussant: Kenneth Huang, SMU

When Blockholders Leave Feet First:
Do Ownership and Control Affect Value

Presenter: Kesper Nielsen, HKUST
Discussant: Young Han Kim, NTU

Keynote Speakers


Pankaj Ghemawat is the Anselmo Rubiralta Professor of Global Strategy at IESE Business School. Between 1983 and 2008, he was on the faculty at the Harvard Business School where, in 1991, he became the youngest person in HBS's history to be appointed a full professor. Ghemawat's new book, World 3.0, has been described by Pascal Lamy, Director General of the World Trade Organization as “offering recommendations that should inspire all global stakeholders in times of major global challenges”; according to The Economist, it “Should be read by anyone who wants to understand the most important economic development of our time.” Ghemawat has written more than 100 research articles and case studies, is a fellow of the Academy of International Business and of the Strategic Management Society and served as the editor of the Strategy department of Management Science over 2003-2009. Ghemawat also served on the taskforce appointed by the AACSB on the globalisation of management education and authored the report’s recommendations about what to teach MBA students about globalisation, and how.


Colin Mayer is Peter Moores Dean of the Saïd Business School and Peter Moores Professor of Management Studies. Mayer has been at the Saïd Business School since its inception in 1994 and was its first professor. He has built an international reputation within the field of finance, has published widely on corporate finance, taxation and governance, and on the regulation of financial markets. Mayer was one of two founding partners of Oxford Economic Research Associates (Oxera), now one of the largest independent economics consultancies in the UK. He has also consulted for numerous large firms, such as the BBC, British Airports Authority, British Gas, the London Stock Exchange and United Utilities. In addition Mayer has held visiting fellowships at Stanford, MIT and Brussels University (ULB), where he was the first Leo Goldschmidt Visiting Professor of Corporate Governance, and Chairman of Oxera.

Registration and Enquiries

For registration and enquiries, please contact Ms Nurul at This email address is being protected from spambots. You need JavaScript enabled to view it. or (65) 6516 5184. Alternatively, click here to register.

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