Programme FRIDAY, 09 JULY 2010 Registration 8:15am Welcome

FRIDAY, 09 JULY 2010
Welcome Remarks
8:45 – 9:00am
Bernard Yeung
Dean and Stephen Riady Distinguished Professor
NUS Business School
Keynote Speech
9:00 – 10:00am
“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
Coffee Break
10:00 – 10:30am
Session I: Mergers & Acquisitions
Session Chair: Allaudeen Hameed (NUS Business School)
Paper 1
10:30 – 11:15am
“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)
Paper 2
11:15 – 12:00noon
“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
Session II: Mutual Funds
Session Chair: Tarun Chordia (Emory University)
Paper 3
2:00 – 2:45pm
“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)
Paper 4
2:45 – 3:30pm
“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)
Paper 5
3:30 – 4:15pm
“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)
Coffee Break (End)
4:15 – 4:45pm
Session III: Institutional Investors
Session Chair: Laura T. Starks (University of Texas at Austin)
Paper 6
9:00 – 9:45am
“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)
Paper 7
9:45 – 10:30am
“Does Governance Travel Around the World? Evidence from Institutional
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)
Coffee Break
10:30 – 11:00am
Session IV: Law & Finance
Session Chair: Joseph Cherian (NUS Business School)
Paper 8
11:00 – 11:45am
“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)
Paper 9
11:45 – 12:30pm
“Political Risk, Development Banks and the Choice of Recourse in Syndicated
Stefanie Kleimeier* (Maastricht University)
Christa Hainz (Ifo Institute for Economic Research)
Discussant: Michael Lemmon (University of Utah)
12:30 – 2:30pm
Session V: Behavioral Finance
Session Chair: Chuan Yang Hwang (Nanyang Business School)
Paper 10
2:30 – 3:15pm
“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)
Paper 11
3:15 – 4:00pm
“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)
Farewell Coffee
*Paper Presenter
4:00 – 4:30pm