Summary of All Sessions
Click here for an index of all participants

#	Date/Time	Location	Type	Title	Papers
1	March 10, 2016 8:30-10:00	Session A: Meeting Room 1	contributed	Volatility and Asset Pricing	3
2	March 10, 2016 8:30-10:00	Session B: Meeting Room 2	contributed	Cash Management	3
3	March 10, 2016 8:30-10:00	Session C: Meeting Room 3	contributed	Mutual Funds	3
4	March 10, 2016 8:30-10:00	Session D: Meeting Room 4	contributed	Issues in Lending	3
5	March 10, 2016 8:30-10:00	Session E: Meeting Room 5	contributed	Exchange Rates	2
6	March 10, 2016 8:30-10:00	Session F: Meeting Room 6	contributed	Issues in Corporate Finance	3
7	March 10, 2016 8:30-10:00	Session G: Meeting Room 7	contributed	Risk and Return	3
8	March 10, 2016 8:30-10:00	Session H: Meeting Room 8	contributed	Measuring & Managing Risk	2
9	March 10, 2016 10:30-12:00	Session A: Meeting Room 1	contributed	Earnings Management	2
10	March 10, 2016 10:30-12:00	Session B: Meeting Room 2	contributed	International Market Relationships	3
11	March 10, 2016 10:30-12:00	Session C: Meeting Room 3	contributed	Insurance & Enterprise Risk Management	3
12	March 10, 2016 10:30-12:00	Session D: Meeting Room 4	contributed	Banking Industry I	3
13	March 10, 2016 10:30-12:00	Session E: Meeting Room 5	contributed	Lenders & Creditors - SESSION CANCELLED	0
14	March 10, 2016 10:30-12:00	Session F: Meeting Room 6	contributed	Real Estate	2
15	March 10, 2016 10:30-12:00	Session G: Meeting Room 7	contributed	International Market Transmissions - SESSION CANCELLED	0
16	March 10, 2016 10:30-12:00	Session H: Meeting Room 8	contributed	Capital Structure I	3
17	March 10, 2016 13:30-15:00	Session A: Meeting Room 1	contributed	Monetary Policy	3
18	March 10, 2016 13:30-15:00	Session B: Meeting Room 2	contributed	Social Responsibility & Social Performance	3
19	March 10, 2016 13:30-15:00	Session C: Meeting Room 3	contributed	Mergers & Acquisitions	3
20	March 10, 2016 13:30-15:00	Session D: Meeting Room 4	contributed	Decisions in International Finance	3
21	March 10, 2016 13:30-15:00	Session E: Meeting Room 5	contributed	Investment Performance	2
22	March 10, 2016 13:30-15:00	Session F: Meeting Room 6	contributed	Regulation	3
23	March 10, 2016 13:30-15:00	Session G: Meeting Room 7	contributed	Anomalies & Abnormal Returns	3
24	March 10, 2016 13:30-15:00	Session H: Ballroom D	invited	Doctoral Students Symposium	0
25	March 10, 2016 15:30-17:00	Session A: Meeting Room 1	contributed	Taxes and Debt Policy	2
26	March 10, 2016 15:30-17:00	Session B: Meeting Room 2	contributed	Ownership Structure	3
27	March 10, 2016 15:30-17:00	Session C: Meeting Room 3	contributed	Financial Market Issues - SESSION CANCELLED	0
28	March 10, 2016 15:30-17:00	Session D: Meeting Room 4	contributed	Ambiguity, Uncertainty, and Heterogenous Beliefs	2
29	March 10, 2016 15:30-17:00	Session E: Meeting Room 5	contributed	Manager & Director Demographics	3
30	March 10, 2016 15:30-17:00	Session F: Meeting Room 6	contributed	Chinese Financial Reforms	3
31	March 10, 2016 15:30-17:00	Session G: Meeting Room 7	contributed	Futures & Options	3
32	March 10, 2016 15:30-17:00	Session H: Meeting Room 8	contributed	Innovation, Efficiency, and Valuation	2
33	March 10, 2016 15:30-17:00	Session I: Ballroom D	invited	Panel on Islamic Finance	0
34	March 11, 2016 8:30-10:00	Session A: Meeting Room 1	contributed	Analyst Forecasts	3
35	March 11, 2016 8:30-10:00	Session B: Meeting Room 2	contributed	Case Studies & Assignments in Finance	3
36	March 11, 2016 8:30-10:00	Session C: Meeting Room 3	contributed	Cost of Debt/Venture Capital	2
37	March 11, 2016 8:30-10:00	Session D: Meeting Room 4	contributed	Sovereign Debt/Risks	2
38	March 11, 2016 8:30-10:00	Session E: Meeting Room 5	contributed	Asset Liquidity Considerations	3
39	March 11, 2016 8:30-10:00	Session F: Meeting Room 6	contributed	Options	2
40	March 11, 2016 8:30-10:00	Session G: Meeting Room 7	contributed	Unusual/Infrequent Events	2
41	March 11, 2016 8:30-10:00	Session H: Meeting Room 8	contributed	Earnings Announcements	3
42	March 11, 2016 10:30-12:00	Session A: Meeting Room 1	contributed	Cash Holdings	3
43	March 11, 2016 10:30-12:00	Session B: Meeting Room 2	contributed	Spin-offs and Restructures SESSION CANCELLED	0
44	March 11, 2016 10:30-12:00	Session C: Meeting Room 3	contributed	Individual Investors & Financial Decision Making	2
45	March 11, 2016 10:30-12:00	Session D: Meeting Room 4	contributed	Corporate Governance	3
46	March 11, 2016 10:30-12:00	Session E: Meeting Room 5	contributed	Capital Structure II - SESSION CANCELLED	0
47	March 11, 2016 10:30-12:00	Session F: Meeting Room 6	contributed	CEO & Non-CEO Compensation	3
48	March 11, 2016 10:30-12:00	Session G: Meeting Room 7	contributed	Investment Strategy Considerations	3
49	March 11, 2016 12:00-13:45	Ballroom B	invited	Annual Business Meeting and Luncheon	0
50	March 11, 2016 13:45-15:15	Session A: Meeting Room 1	contributed	Asymmetric Information	2
51	March 11, 2016 13:45-15:15	Session B: Meeting Room 2	contributed	Dividends, Stock Splits, and Share Repurchases	3
52	March 11, 2016 13:45-15:15	Session C: Meeting Room 3	contributed	Banking Industry II	2
53	March 11, 2016 13:45-15:15	Session D: Meeting Room 4	contributed	Political Activity and its Effects	3
54	March 11, 2016 13:45-15:15	Session E: Meeting Room 5	contributed	Investor Characteristics and Behaviors	4
55	March 11, 2016 13:45-15:15	Session F: Ballroom E	invited	Panel on Energy Markets	0
56	March 11, 2016 15:30-17:00	Session A: Meeting Room 1	contributed	Financial Education & Pedagogy	3
57	March 11, 2016 15:30-17:00	Session B: Meeting Room 2	contributed	Bank Management	2
58	March 11, 2016 15:30-17:00	Session C: Meeting Room 3	contributed	MOVED TO SESSION 51: Dividends, Stock Splits, and Share Repurchases	0
59	March 11, 2016 15:30-17:00	Session D: Meeting Room 4	contributed	Venture Capital SESSION CANCELLED	0
60	March 11, 2016 15:30-17:00	Session E: Meeting Room 5	contributed	Portfolio Allocation	3
61	March 11, 2016 15:30-17:00	Session F: Meeting Room 6	contributed	Investor Behavior	3
62	March 11, 2016 15:30-17:00	Session G: Meeting Room 7	contributed	Statistical Methods & Econometric Modeling	3
63	March 11, 2016 15:30-17:00	Session H: Meeting Room 8	invited	Stipend Payments to Doctoral Students	0

 

63 sessions, 138 papers, and 0 presentations with no associated papers

Southwestern Finance Association Annual Meeting 2016
Detailed List of Sessions

                                                                                                                              

Session 1: Volatility and Asset Pricing March 10, 2016 8:30 to 10:00 Session A: Meeting Room 1
Session Chair: Jared DeLisle, Utah State University
Session type: contributed
1. Implied Volatility Factors
By Timothy Krause; Penn State Erie, The Behrend College Donald Lien; College of Business, The University of T
presented by: Timothy Krause, Penn State Erie, The Behrend College
Discussant:   Jared DeLisle, Utah State University
2. THE LIMITS OF ARBITRAGE AND STOCK MISPRICING: EVIDENCE FROM DECOMPOSING THE MARKET TO BOOK RATIO
By Naji AlShammasi; University of North Texas
presented by: Naji AlShammasi, University of North Texas
Discussant:   Timothy Krause, Penn State Erie, The Behrend College
3. Idiosyncratic Volatility and Firm-Specific News: A Deeper Pricing Puzzle
By Jared DeLisle; Utah State University Nathan Mauck; University of Missouri-Kansas City Adam Smedema; University of Nothern Iowa
presented by: Jared DeLisle, Utah State University
Discussant:   Naji AlShammasi, University of North Texas
Session 2: Cash Management March 10, 2016 8:30 to 10:00 Session B: Meeting Room 2
Session Chair: shanhong Wu,
Session type: contributed
1. Lines of Credit and Speed of Adjustment of Cash Holdings
By Mohsen Mollagholamali; Oklahoma State University
presented by: Mohsen Mollagholamali, Oklahoma State University
Discussant:   shanhong Wu,
2. National Culture and Cash Holdings Management
By Svetlana Orlova
presented by: Svetlana Orlova,
Discussant:   Mohsen Mollagholamali, Oklahoma State University
3. Cash Level Adjustment
By shanhong Wu
presented by: shanhong Wu,
Discussant:   Svetlana Orlova,
Session 3: Mutual Funds March 10, 2016 8:30 to 10:00 Session C: Meeting Room 3
Session Chair: Andrew Lynch, University of Mississippi
Session type: contributed
1. Auditor Sharing in the Mutual Fund Industry: Empirical Evidence on Determinants and Audit Fees
By John Adams; University of Texas at Arlington Takeshi Nishikawa; University of Colorado - Denver Stephanie Rasmussen; The University of Texas at Arlington
presented by: John Adams, University of Texas at Arlington
Discussant:   Andrew Lynch, University of Mississippi
2. A return-based approach to identify the home bias of European equity mutual funds
By Moritz Maier; Friedrich-Alexander-Universität Erlangen-Nürnberg Hendrik Scholz; Friedrich-Alexander-Universität Erlangen-Nürnberg
presented by: Moritz Maier, Friedrich-Alexander-Universität Erlangen-Nürnberg
Discussant:   John Adams, University of Texas at Arlington
3. A Market for Lemons in Mutual Fund Management
By Andrew Lynch; University of Mississippi
presented by: Andrew Lynch, University of Mississippi
Discussant:   Moritz Maier, Friedrich-Alexander-Universität Erlangen-Nürnberg
Session 4: Issues in Lending March 10, 2016 8:30 to 10:00 Session D: Meeting Room 4
Session Chair: Michelle Zemel, Pomona College
Session type: contributed
1. The Role of Margin and Spread in Secured Lending: Evidence from the Bilateral Repo Market
By Jun Kyung Auh; Georgetown University Mattia Landoni; Southern Methodist University
presented by: Mattia Landoni, Southern Methodist University
Discussant:   Michelle Zemel, Pomona College
2. Information Content of the Stock Prices after Bankruptcy: Predicting the Recovery Rates for the Unsecured Creditors
By Hiro Nishi; University of North Texas
presented by: Hiro Nishi, University of North Texas
Discussant:   Mattia Landoni, Southern Methodist University
3. Friendships Matter Less on a Rainy Day: Firm Outcomes and Relationship Bank Health
By Michelle Zemel; Pomona College Manisha Goel; Pomona College
presented by: Michelle Zemel, Pomona College
Discussant:   Hiro Nishi, University of North Texas
Session 5: Exchange Rates March 10, 2016 8:30 to 10:00 Session E: Meeting Room 5
Session Chair: Shuming Bai, University of Texas Permian Basin
Session type: contributed
1. Financial crime “hot spots” – Empirical evidence from the foreign exchange market
By Florian El Mouaaouy; Ludwig-Maximilians-Universität München
presented by: Florian El Mouaaouy, Ludwig-Maximilians-Universität München
Discussant:   Shuming Bai, University of Texas Permian Basin
2. A Comparative Study of Central Bank Interventions and the Effects on Foreign Exchange Rates
By Eric Valenzuela; University of Texas Permian Basin Qing Zhang; University of Texas Permian Basin Shuming Bai; University of Texas Permian Basin
presented by: Shuming Bai, University of Texas Permian Basin
Discussant:   Florian El Mouaaouy, Ludwig-Maximilians-Universität München
Session 6: Issues in Corporate Finance March 10, 2016 8:30 to 10:00 Session F: Meeting Room 6
Session Chair: Jinghua Carolyn Wang,
Session type: contributed
1. Measuring Diversification Level through Stock and Industry Return Correlations: New Evidence on the Time Series Trends in Diversification Discount
By Michael Gibbs; University of Missouri at Columbia, Trulaske College of Business
presented by: Michael Gibbs, University of Missouri at Columbia, Trulaske College of Business
Discussant:   Tatiana Salikhova, University of Arkansas
2. Multinational Corporation’s Domestic Cash Holdings and Capital Structure
By David Yin; University of Arizona
presented by: David Yin, University of Arizona
Discussant:   Michael Gibbs, University of Missouri at Columbia, Trulaske College of Business
3. Costly Truth: How Agency Costs Affect Dividend and Compensation Smoothing
By Tatiana Salikhova; University of Arkansas Alexander Ugarov; University of Arkansas
presented by: Tatiana Salikhova, University of Arkansas
Discussant:   David Yin, University of Arizona
Session 7: Risk and Return March 10, 2016 8:30 to 10:00 Session G: Meeting Room 7
Session Chair: David Harris, University of Great Falls
Session type: contributed
1. The Term Structure of CAPM Alphas and Betas
By Wayne Chang
presented by: Wayne Chang,
Discussant:   David Harris, University of Great Falls
2. The Cross-Section of Realized Volatility and Stock Returns
By Guanglian Hu; University of Houston
presented by: Guanglian Hu, University of Houston
Discussant:   Wayne Chang,
3. A Population Test of Distribution Assumptions in Mean-Variance Models for the Years 1925-2013
By David Harris; University of Great Falls
presented by: David Harris, University of Great Falls
Discussant:   Guanglian Hu, University of Houston
Session 8: Measuring & Managing Risk March 10, 2016 8:30 to 10:00 Session H: Meeting Room 8
Session Chair: Siamak Javadi, Ohio University
Session type: contributed
1. Mitigating Counterparty Risk
By Yalin Gündüz; Deutsche Bundesbank
presented by: Yalin Gündüz, Deutsche Bundesbank
Discussant:   Xiaoling Pu, Department of Finance
2. Credit Spreads and the Correlation in Default Probabilities
By Siamak Javadi; Ohio University Seoyoung Kim; Santa Clara University Tim Krehbiel; Oklahoma State University Ali Nejadmalayeri; Oklahoma State University
presented by: Siamak Javadi, Ohio University
Discussant:   Yalin Gündüz, Deutsche Bundesbank
Session 9: Earnings Management March 10, 2016 10:30 to 12:00 Session A: Meeting Room 1
Session Chair: Keming Li, Texas A&M San Antonio
Session type: contributed
1. EARNINGS MANAGEMENT AND MAIN BANK MONITORING: EVIDENCE FROM JAPAN
By Hideaki Sakawa Naoki Watanabel; Ritsumeikan University
presented by: Hideaki Sakawa,
Discussant:   Keming Li, Texas A&M San Antonio
2. Credit Rating and Earnings Management
By Keming Li; Texas A&M San Antonio Mohammad Uddin; University of Texas - Arlington
presented by: Keming Li, Texas A&M San Antonio
Discussant:   Hideaki Sakawa,
Session 10: International Market Relationships March 10, 2016 10:30 to 12:00 Session B: Meeting Room 2
Session Chair: Chi Gong, Sichuan University
Session type: contributed
1. RELATIONSHIPS AMONG INTERNATIONAL EQUITY INDEX AND CURRENCY FUTURES
By Timothy Krause; Penn State Erie, The Behrend College Yiuman Tse; University of Missouri - St. Louis
presented by: Timothy Krause, Penn State Erie, The Behrend College
Discussant:   Chi Gong, Sichuan University
2. Regional Business Cycle Synchronization in Emerging and Developing Countries: Regional or Global Integration? Trade or Financial Integration?
By Chi Gong; Sichuan University Soyoung Kim; Seoul National University
presented by: Chi Gong, Sichuan University
Discussant:   Timothy Krause, Penn State Erie, The Behrend College
3. Information Flow between Forward and Spot Markets: Evidence from the Chinese Renminbi
By Jiadong Tong; NanKai Univeristy Zijun Wang; University of Texas at San Antonio Jian Yang; University of Colorado Denver
presented by: Zijun Wang, University of Texas at San Antonio
Session 11: Insurance & Enterprise Risk Management March 10, 2016 10:30 to 12:00 Session C: Meeting Room 3
Session Chair: Jinjing Wang, Ohio Northern University
Session type: contributed
1. An Internal Capital Markets View: Evidence from Bancassurance
By Chia-Chun Chiang
presented by: Chia-Chun Chiang,
Discussant:   Jinjing Wang, Ohio Northern University
2. Enterprise Risk Management and the Cost of Capital
By Jianren Xu; California State University, Fullerton
presented by: Jianren Xu, California State University, Fullerton
Discussant:   Chia-Chun Chiang,
3. Capital, Risk, Insurance Prices and Regulation
By Ajay Subramanian; Georgia State University Jinjing Wang; Ohio Northern University
presented by: Jinjing Wang, Ohio Northern University
Discussant:   Jianren Xu, California State University, Fullerton
Session 12: Banking Industry I March 10, 2016 10:30 to 12:00 Session D: Meeting Room 4
Session Chair: John Stowe, Ohio University
Session type: contributed
1. The Effect of TARP Funding on Recipient Credit Unions
By Keldon Bauer; Tarleton State University
presented by: Keldon Bauer, Tarleton State University
Discussant:   John Stowe, Ohio University
2. Conversion back to C Banks - The Gains and the Losses
By Chun-Hao Chang; Florida International University Edward Lawrence; Florida International University Alejandro Pacheco; Florida International University
presented by: Alejandro Pacheco, Florida International University
Discussant:   Keldon Bauer, Tarleton State University
3. Forming Appropriate Peer Groups for Bank Research: A Cluster Analysis of Bank Financial Statements
By Ken Cyree; University of Mississippi Travis Davidson; Ohio University John Stowe; Ohio University
presented by: John Stowe, Ohio University
Discussant:   Alejandro Pacheco, Florida International University
Session 13: Lenders & Creditors - SESSION CANCELLED March 10, 2016 10:30 to 12:00 Session E: Meeting Room 5
Session type: contributed
Session 14: Real Estate March 10, 2016 10:30 to 12:00 Session F: Meeting Room 6
Session Chair: David Stowe, Ohio University
Session type: contributed
1. The capitalization of school quality into house prices when quality is uncertain: theory and empirical evidence
By Geoffrey Turnbull; University of Central Florida Velma Zahirovic-Herbert; Department of Housing and Consumer Econo Minrong Zheng; University of Central Florida
presented by: Minrong Zheng, University of Central Florida
Discussant:   David Stowe, Ohio University
2. Adjusting REIT Financial Statements for Depreciation on Real Estate Assets
By Dan French; University of Missouri David Stowe; Ohio University
presented by: David Stowe, Ohio University
Discussant:   Minrong Zheng, University of Central Florida
Session 15: International Market Transmissions - SESSION CANCELLED March 10, 2016 10:30 to 12:00 Session G: Meeting Room 7
Information Flow between Forward and Spot Markets: Evidence from the Chinese Renminbi MOVED to Session #10
Session type: contributed
Session 16: Capital Structure I March 10, 2016 10:30 to 12:00 Session H: Meeting Room 8
Session Chair: Halil Kaya,
Session type: contributed
1. CEO Turnovers and Capital Structure Persistence
By Viktoriya Staneva; Baruch College
presented by: Viktoriya Staneva, Baruch College
Discussant:   Halil Kaya,
2. Does Customer Industry affect the Financial Policy of a firm?
By Varun Verma; Norges Handelshøyskole
presented by: Varun Verma, Norges Handelshøyskole
Discussant:   Viktoriya Staneva, Baruch College
3. The Borrower Characteristics in Hot Equity Markets
By Halil Kaya
presented by: Halil Kaya,
Discussant:   Varun Verma, Norges Handelshøyskole
Session 17: Monetary Policy March 10, 2016 13:30 to 15:00 Session A: Meeting Room 1
Session Chair: Tibebe Assefa, Kentucky State University
Session type: contributed
1. The Impact of Unconventional Monetary Policy on Firm Financing Constraints: Evidence from the Maturity Extension Program
By Nathan Foley-Fisher; Federal Reserve Board of Governors Rodney Ramcharan; University of Southern California Edison Yu; Federal Reserve Bank of Philadelphia
presented by: Edison Yu, Federal Reserve Bank of Philadelphia
Discussant:   Tibebe Assefa, Kentucky State University
2. The Impact of a Rate Increase on Credit Spreads in a Zero Lower Bound Environment
By Harikumar Sankaran; New Mexico State University Violeta Diaz; New Mexico State University Subramanian Iyer; University of New Mexico
presented by: Subramanian Iyer, University of New Mexico
Discussant:   Edison Yu, Federal Reserve Bank of Philadelphia
3. Stock Returns and Monetary Policy around the World: A Panel Data Approach
By Tibebe Assefa; Kentucky State University Omar Esqueda; Tarleton State University Andre Mollick; Univ of Texas - Pan American
presented by: Tibebe Assefa, Kentucky State University
Discussant:   Subramanian Iyer, University of New Mexico
Session 18: Social Responsibility & Social Performance March 10, 2016 13:30 to 15:00 Session B: Meeting Room 2
Session Chair: Daniel Perez, University of St. Thomas-Houston
Session type: contributed
1. Effects of Corporate Social Performance on Default Risk: Structural Model-based Analysis
By Megumi Suto; Waseda University Hitoshi Takehara; Waseda University
presented by: Hitoshi Takehara, Waseda University
Discussant:   Daniel Perez, University of St. Thomas-Houston
2. Corporate Goodness and Financial Performance
By Hui-Ju Tsai; Washington College
presented by: Hui-Ju Tsai, Washington College
Discussant:   Hitoshi Takehara, Waseda University
3. Internet Gambling Stock Returns: Empirical Evidence from the UK
By Daniel Perez; University of St. Thomas-Houston
presented by: Daniel Perez, University of St. Thomas-Houston
Discussant:   Hui-Ju Tsai, Washington College
Session 19: Mergers & Acquisitions March 10, 2016 13:30 to 15:00 Session C: Meeting Room 3
Session Chair: Huihua Li, St. Cloud State University
Session type: contributed
1. Stock Acquisitions, Investor Recognition, and Announcement Returns
By Adam Lei; Midwestern State University Huihua Li; St. Cloud State University
presented by: Huihua Li, St. Cloud State University
Discussant:   Jinsuk Yang, University of Texas at Arlington
2. The Lack of “Diversification” from Diversifying Mergers
By Sakya Sarkar; Tulane University, A.B. Freeman School of Business
presented by: Sakya Sarkar, Tulane University, A.B. Freeman School of Business
Discussant:   Huihua Li, St. Cloud State University
3. Foreign Institutional Investors and Success Rate of Cross-Border Mergers and Acquisitions --Evidence from the 2000-2013 Period
By Qing Hao; Finance and Real Estate Department, College of Business Jinsuk Yang; University of Texas at Arlington
presented by: Jinsuk Yang, University of Texas at Arlington
Discussant:   Sakya Sarkar, Tulane University, A.B. Freeman School of Business
Session 20: Decisions in International Finance March 10, 2016 13:30 to 15:00 Session D: Meeting Room 4
Session Chair: Wendy Rotenberg, University of Toronto
Session type: contributed
1. Financing Patterns and Firm Export in Latin American Countries
By Maria Barulina Barkat Ullah; Rhode Island College Zuobao Wei; University of Texas at El Paso
presented by: Maria Barulina,
Discussant:   Wendy Rotenberg, University of Toronto
2. Beggar thy neighbor or beggar thy domestic firms? Evidence from 2000-2011 Chinese Customs Data
By Rasmus Fatum; University of Alberta
presented by: Rasmus Fatum, University of Alberta
Discussant:   Maria Barulina,
3. Foreign Exchange Derivatives, Foreign Currency Debt and Cross Listing: Evidence from Canada
By Robert Kieschnick; University of Texas at Dallas Wendy Rotenberg; University of Toronto
presented by: Wendy Rotenberg, University of Toronto
Discussant:   Rasmus Fatum, University of Alberta
Session 21: Investment Performance March 10, 2016 13:30 to 15:00 Session E: Meeting Room 5
Session Chair: S Rao, U of Louisiana at Lafayette
Session type: contributed
1. Momentum in the Corporate Bond Market: European Evidence
By Florian Barth; University Erlangen-Nürnberg Hannah Huehn Hendrik Scholz; Friedrich-Alexander-Universität Erlangen-Nürnberg
presented by: Florian Barth, University Erlangen-Nürnberg
Discussant:   S Rao, U of Louisiana at Lafayette
2. Performance Evaluation of Religious funds: Luck or Skill?
By S Rao; U of Louisiana at Lafayette
presented by: S Rao, U of Louisiana at Lafayette
Discussant:   Florian Barth, University Erlangen-Nürnberg
Session 22: Regulation March 10, 2016 13:30 to 15:00 Session F: Meeting Room 6
Session Chair: Stefan Jacewitz, Federal Deposit Insurance Corporation
Session type: contributed
1. Overlapping Environmental and Financial Regulations: The Role of Corporate Governance
By Benjamin Gilbert; University of Wyoming Sridhar Gogineni; University of Wyoming Klaas van 't Veld; University of Wyoming Charlie Xu; University of Wyoming
presented by: Sridhar Gogineni, University of Wyoming
Discussant:   Stefan Jacewitz, Federal Deposit Insurance Corporation
2. The Consequences of Prohibiting Selective Disclosure to Analysts: Evidence from Europe
By Arnold Cowan; Iowa State University Valentina Salotti; Iowa State University
presented by: Arnold Cowan, Iowa State University
Discussant:   Ashley Newton, University of Oklahoma
3. Proving Approval: Dividend Regulation and Capital Payout Incentives
[slides]
By Levent Guntay; FDIC Stefan Jacewitz; Federal Deposit Insurance Corporation Jonathan Pogach; FDIC
presented by: Stefan Jacewitz, Federal Deposit Insurance Corporation
Discussant:   Arnold Cowan, Iowa State University
Session 23: Anomalies & Abnormal Returns March 10, 2016 13:30 to 15:00 Session G: Meeting Room 7
Session Chair: Thomas Thompson, University of Texas at Arlington
Session type: contributed
1. The Certification Hypothesis Revisited: Evidence from Additions to the S&P Indices
By Marek Marciniak; West Chester University
presented by: Marek Marciniak, West Chester University
Discussant:   Thomas Thompson, University of Texas at Arlington
2. Varying Month of the Year Effect and Poor June Performance in the New Century
By Anthony Gu; State University of New York
presented by: Anthony Gu, State University of New York
Discussant:   Marek Marciniak, West Chester University
3. Exploring an Old Wives' Tale: Re-Evaluating the Super Bowl Indicator
By Kabir Sen; Lamar University Thomas Thompson; University of Texas at Arlington
presented by: Thomas Thompson, University of Texas at Arlington
Discussant:   Anthony Gu, State University of New York
Session 24: Doctoral Students Symposium March 10, 2016 13:30 to 15:00 Session H: Ballroom D
Session Chair: Susan Crain, Missouri State University
Session type: invited
Session 25: Taxes and Debt Policy March 10, 2016 15:30 to 17:00 Session A: Meeting Room 1
Session Chair: Kyle Wells,
Session type: contributed
1. The Effects of Tax Shelters on Debt Policy
By Jennifer Brodmann; University of New Orleans Zeynullah Gider; University of New Orleans
presented by: Jennifer Brodmann, University of New Orleans
Discussant:   Kyle Wells,
2. A New Measure for Non-debt Tax Shields and the Impact on Debt Policy
By Kyle Wells
presented by: Kyle Wells,
Discussant:   Jennifer Brodmann, University of New Orleans
Session 26: Ownership Structure March 10, 2016 15:30 to 17:00 Session B: Meeting Room 2
Session Chair: Lalatendu Misra, University of Texas
Session type: contributed
1. Midstream Master Limited Partnerships: Do uncorporates provide a superior return?
By Lynn Kendall; University of Dallas Nina Rogers; Tarleton State University
presented by: Nina Rogers, Tarleton State University
Discussant:   Lalatendu Misra, University of Texas
2. Family ownership and industry competition in the innovation investment race
By Trang Thai; University of Texas at Arlington
presented by: Trang Thai, University of Texas at Arlington
Discussant:   Nina Rogers, Tarleton State University
3. The impact of legal and political environment on the choice of ownership and value creation in international joint ventures
By Iness Aguir; American University at Sharjah, UAE Lalatendu Misra; University of Texas
presented by: Lalatendu Misra, University of Texas
Discussant:   Trang Thai, University of Texas at Arlington
Session 27: Financial Market Issues - SESSION CANCELLED March 10, 2016 15:30 to 17:00 Session C: Meeting Room 3
Session type: contributed
Session 28: Ambiguity, Uncertainty, and Heterogenous Beliefs March 10, 2016 15:30 to 17:00 Session D: Meeting Room 4
Session Chair: Timothy Krause, Penn State Erie, The Behrend College
Session type: contributed
1. Learning Under Ambiguity and Market Liquidity
By Wenbin Cao; University of Oklahoma
presented by: Wenbin Cao, University of Oklahoma
Discussant:   Timothy Krause, Penn State Erie, The Behrend College
2. Risk and Uncertainty in Style Rotation
By Timothy Krause; Penn State Erie, The Behrend College
presented by: Timothy Krause, Penn State Erie, The Behrend College
Discussant:   Wenbin Cao, University of Oklahoma
Session 29: Manager & Director Demographics March 10, 2016 15:30 to 17:00 Session E: Meeting Room 5
Session Chair: Edward Lawrence, Florida International University
Session type: contributed
1. Effects of CEO and CFO Personal Wealth on Accounting Quality
By Tim Carpenter; Roanoke College Sarfraz Khan; University of Louisiana, Lafayette
presented by: Tim Carpenter, Roanoke College
Discussant:   Edward Lawrence, Florida International University
2. The Bond Market Responses to Female CEOs appointment
By renee oyotode; Texas A&M International University Zubair Raja Jorge Brusa
presented by: renee oyotode, Texas A&M International University
Discussant:   Tim Carpenter, Roanoke College
3. Market Reaction to Appointments of Female Board Directors: Evidence from India
By Edward Lawrence; Florida International University Mehul Raithatha; Indian Institute of Management Indore
presented by: Edward Lawrence, Florida International University
Discussant:   renee oyotode, Texas A&M International University
Session 30: Chinese Financial Reforms March 10, 2016 15:30 to 17:00 Session F: Meeting Room 6
Session Chair: Tarun Mukherjee, University of New Orleans
Session type: contributed
1. Changing Chinese Share-Issue Privatization Listing Strategies
By Xuechen Gao; University of Oklahoma William Megginson; University of Oklahoma
presented by: Xuechen Gao, University of Oklahoma
Discussant:   Tarun Mukherjee, University of New Orleans
2. The Real Effects of Short Selling on Firm Risk-taking: Evidence from a Quasi-Natural Experiment in China
By Xiaoran NI; Tsinghua University
presented by: Xiaoran NI, Tsinghua University
Discussant:   Xuechen Gao, University of Oklahoma
3. The Effect of the Split Share Structure Reform on Working Capital Management of Chinese Companies
By Wei He; Mississippi State University Tarun Mukherjee; University of New Orleans Kent Baker; American University
presented by: Tarun Mukherjee, University of New Orleans
Discussant:   Xiaoran NI, Tsinghua University
Session 31: Futures & Options March 10, 2016 15:30 to 17:00 Session G: Meeting Room 7
Session Chair: Susan Crain, Missouri State University
Session type: contributed
1. Order Flows and Informed Trading in Equity Index Options Surrounding the Recent Financial Crisis
By Wei-Xuan Li; Stockton University
presented by: Wei-Xuan Li, Stockton University
Discussant:   Susan Crain, Missouri State University
2. THE RELATIVE INFORMATIVENESS OF REGULAR AND E-MINI EURO/DOLLAR FUTURES CONTRACTS AND THE ROLE OF TRADER TYPES
By Jatin Malhotra; American University in Dubai
presented by: Jatin Malhotra, American University in Dubai
Discussant:   Wei-Xuan Li, Stockton University
3. Options on Futures: Expiration Day Effect Across Markets
By Susan Crain; Missouri State University
presented by: Susan Crain, Missouri State University
Discussant:   Jatin Malhotra, American University in Dubai
Session 32: Innovation, Efficiency, and Valuation March 10, 2016 15:30 to 17:00 Session H: Meeting Room 8
Session Chair: Tom Johansen, Oklahoma State University
Session type: contributed
1. Equity Valuation: A Survey of Professional Practice
By Jerald Pinto; CFA Institute Thomas Robinson; AACSB International John Stowe; Ohio University
presented by: John Stowe, Ohio University
Discussant:   Tom Johansen, Oklahoma State University
2. Innovation Externalities and the Customer/Supplier Link
By Keming Li; Texas A&M San Antonio
presented by: Keming Li, Texas A&M San Antonio
Discussant:   John Tarwater,
Session 33: Panel on Islamic Finance March 10, 2016 15:30 to 17:00 Session I: Ballroom D
Moderator: M. Kabir Hassan, University of New Orleans There is a growing need for valid, empirical tests of the efficacy of the Islamic finance and economic model in a global context. The Islamic economic and finance model outlines how economic transactions are to be conducted, not only from an economic perspective, but also from ethical and religious perspectives. Islamic economic transactions are intended to promote growth in a similar fashion to those of more conventional, or Western, models. However, each transaction is supposed to also satisfy religious and ethical standards as well. Economic transactions under Islam are also intended to benefit society as a whole. It is important to understand whether the Islamic economic system limits access to economic growth and prosperity, or whether it fosters a more stable, long-run model for economic growth and fairness. Empirical tests of real global economic outcomes can add context and relevance to this important debate. Panelists: Mohammed Obaidullah, Islamic Development Bank, Jeddah, Saudi Arabia Zakaria Boulanouar, Ummul Qura University, Makkah, Saudi Arabia Ghada Ismail, The University of Memphis, Tennessee, USA
Session Chair: Mohammad Hassan, University of New Orleans
Session type: invited
Session 34: Analyst Forecasts March 11, 2016 8:30 to 10:00 Session A: Meeting Room 1
Session Chair: Allissa Lee, Georgia Southern University
Session type: contributed
1. Anchoring bias in analysts’ earnings forecasts and credit risk
By samar ashour; University of texas at arlington Qing Hao; Finance and Real Estate Department, College of Business
presented by: samar ashour, University of texas at arlington
Discussant:   Allissa Lee, Georgia Southern University
2. Merger Means of Payment and Analyst’s Forecast Bias before Merger Announcement Date
By yiling zhang; University of Texas at Arlington
presented by: yiling zhang, University of Texas at Arlington
Discussant:   samar ashour, University of texas at arlington
3. EXPERTS’ FORECAST ACCURACY: A PANEL STUDY OF FOURTY THREE DEVELOPED AND EMERGING ECONOMIES GDP GROWTH FORECAST
By Fazlul Miah; King Fahd University of Petroleum and Minerals
presented by: Fazlul Miah, King Fahd University of Petroleum and Minerals
Discussant:   yiling zhang, University of Texas at Arlington
Session 35: Case Studies & Assignments in Finance March 11, 2016 8:30 to 10:00 Session B: Meeting Room 2
Session Chair: Walt Nelson, Missouri State University
Session type: contributed
1. Assessing Students’ Global Awareness in Undergraduate Introductory Business Finance Course with Reading Assignments of Wall Street Journal Articles
By Zhuoming Peng
presented by: Zhuoming Peng,
Discussant:   Walt Nelson, Missouri State University
2. The Impact of Disciplined Portfolio Optimization Concept on Informed Stock Market Simulation: A Case Study Research
By Geungu Yu; Jackson State University
presented by: Geungu Yu, Jackson State University
Discussant:   Zhuoming Peng,
3. Deriving Unlevered Value – The REIT Approach
[slides]
By Walt Nelson; Missouri State University Kent Ragan; Missouri State University
presented by: Walt Nelson, Missouri State University
Discussant:   Geungu Yu, Jackson State University
Session 36: Cost of Debt/Venture Capital March 11, 2016 8:30 to 10:00 Session C: Meeting Room 3
Session Chair: Sougata Das, Montana State University Billings
Session type: contributed
1. Earnings Quality and Transaction-Based Lending
By Stephen Gray; Western Illinois University
presented by: Stephen Gray, Western Illinois University
Discussant:   Sougata Das, Montana State University Billings
2. CORPORATE TRANSPARENCY AND COST OF DEBT
By Sougata Das; Montana State University Billings Palani-Rajan Kadapakkam; University of Texas at San Antonio
presented by: Sougata Das, Montana State University Billings
Discussant:   Stephen Gray, Western Illinois University
Session 37: Sovereign Debt/Risks March 11, 2016 8:30 to 10:00 Session D: Meeting Room 4
Session Chair: Goncalo Pina, Santa Clara Univeristy
Session type: contributed
1. Sovereign Risk and the Equilibrium Exchange Rate in Latin-American Economies
By Jair Ojeda; Banco de la Republica Carlos Palacios; Universidad Nacional de Colombia Gloria Sarmiento; Banco de la Republica
presented by: Jair Ojeda-Joya, Banco de la Republica
Discussant:   Goncalo Pina, Santa Clara Univeristy
2. Indexed Sovereign Debt with Risk Averse Lenders
By Goncalo Pina; Santa Clara Univeristy
presented by: Goncalo Pina, Santa Clara Univeristy
Discussant:   Jair Ojeda-Joya, Banco de la Republica
Session 38: Asset Liquidity Considerations March 11, 2016 8:30 to 10:00 Session E: Meeting Room 5
Session Chair: Felix Feng, University of Notre Dame
Session type: contributed
1. Liquidity Holding of Highly-Distressed Firms: Recent Financial Crisis and Changes in Default-Risk Factors
By Hiro Nishi; University of North Texas
presented by: Hiro Nishi, University of North Texas
Discussant:   Felix Feng, University of Notre Dame
2. Do business conditions affect high-leverage and low-leverage trade firms equally?
By Halil Kaya
presented by: Halil Kaya,
Discussant:   Hiro Nishi, University of North Texas
3. Productivity and Liquidity Management: Theory and Evidence from an Emerging Market
By Felix Feng; University of Notre Dame
presented by: Felix Feng, University of Notre Dame
Discussant:   Halil Kaya,
Session 39: Options March 11, 2016 8:30 to 10:00 Session F: Meeting Room 6
Session Chair: Guanglian Hu, University of Houston
Session type: contributed
1. Myers meets Gollier-Weitzman: valuing real options embedded in long term projects using a declining discount rate
By Djerry Charli Tandja Mbianda; Université Laval Gabriel Power; Université Laval Josée Bastien; Université Laval
presented by: Djerry Charli Tandja Mbianda, Université Laval
Discussant:   Guanglian Hu, University of Houston
2. Volatility and Expected Option Returns
By Guanglian Hu; University of Houston
presented by: Guanglian Hu, University of Houston
Discussant:   Djerry Charli Tandja Mbianda, Université Laval
Session 40: Unusual/Infrequent Events March 11, 2016 8:30 to 10:00 Session G: Meeting Room 7
Session Chair: James Scott, Missouri State University
Session type: contributed
1. Product Recalls and Security Prices
By Omer UNSAL; University of New Orleans Mohammad Hassan; University of New Orleans Duygu Zirek; University of New Orleans
presented by: Omer UNSAL, University of New Orleans
Discussant:   James Scott, Missouri State University
2. Proposed Study of the Impact of Corporate Spin-Offs
By James Scott; Missouri State University
presented by: James Scott, Missouri State University
Discussant:   Omer UNSAL, University of New Orleans
Session 41: Earnings Announcements March 11, 2016 8:30 to 10:00 Session H: Meeting Room 8
Session Chair: Susana Yu, Montclair State University
Session type: contributed
1. "Busy" Weeks and Post-Earnings Announcement Drift: Does Only Investors' Attention Matter?
By Suyan Zheng; University of Cincinnati
presented by: Suyan Zheng, University of Cincinnati
Discussant:   Susana Yu, Montclair State University
2. Positive effects of Institutions on Post-earnings Announcement Drifts: Evidence from Long-term institutional Ownership
By Wenguang Lin Hui Wang; State Street
presented by: Wenguang Lin,
Discussant:   Suyan Zheng, University of Cincinnati
3. Stock Price Responses to Earnings Announcements: Effects of Significant Changes in Corporate Performance
By Susana Yu; Montclair State University Gwendolyn Webb; Baruch College
presented by: Susana Yu, Montclair State University
Discussant:   Wenguang Lin,
Session 42: Cash Holdings March 11, 2016 10:30 to 12:00 Session A: Meeting Room 1
Session Chair: Omrane Guedhami, University of South Carolina
Session type: contributed
1. Social Capital and Cash Holdings
By Humnath Panta; Brenau University Salil Sarkar; The University of Texas at Arlington Suzanne Erickson; Brenau University
presented by: Salil Sarkar, The University of Texas at Arlington
Discussant:   Omrane Guedhami, University of South Carolina
2. what drives corporate cash holding premium? - the role of growth opportunites
By Suyan Zheng; University of Cincinnati
presented by: Suyan Zheng, University of Cincinnati
Discussant:   Salil Sarkar, The University of Texas at Arlington
3. State Ownership and Corporate Cash Holdings: Evidence from Privatization
By Ruiyuan Chen; University of South Carolina Sadok El Ghoul; University of Alberta Omrane Guedhami; University of South Carolina Robert Nash; Wake Forest University
presented by: Omrane Guedhami, University of South Carolina
Discussant:   Suyan Zheng, University of Cincinnati
Session 43: Spin-offs and Restructures SESSION CANCELLED March 11, 2016 10:30 to 12:00 Session B: Meeting Room 2
Session type: contributed
Session 44: Individual Investors & Financial Decision Making March 11, 2016 10:30 to 12:00 Session C: Meeting Room 3
Session Chair: Rod Carmack, Arkansas State University
Session type: contributed
1. Demographic Factors Affecting U.S. Households' Investment in Stocks
By Binod Guragai; University of North Texas Drew Peabody; University of North Texas
presented by: Drew Peabody, University of North Texas
Discussant:   Rod Carmack, Arkansas State University
2. Politics, Religion, and Money - Maybe we should talk about them
By Rod Carmack; Arkansas State University Philip Tew; Arkansas State University
presented by: Rod Carmack, Arkansas State University
Discussant:   Drew Peabody, University of North Texas
Session 45: Corporate Governance March 11, 2016 10:30 to 12:00 Session D: Meeting Room 4
Session Chair: Subramanian Iyer, University of New Mexico
Session type: contributed
1. Discretionary Hedging Disclosures and Corporate Governance
By Seth Hoelscher; University of Oklahoma
presented by: Seth Hoelscher, University of Oklahoma
Discussant:   Subramanian Iyer, University of New Mexico
2. Investor Horizons and Corporate Insider Trading
By Keming Li; Texas A&M San Antonio Mohammad Uddin; University of Texas - Arlington
presented by: Keming Li, Texas A&M San Antonio
Discussant:   Seth Hoelscher, University of Oklahoma
3. Influence of Director Centrality on Research and De velopment and Firm Performance in High Tech Firms
By Subramanian Iyer; University of New Mexico Harikumar Sankaran; New Mexico State University
presented by: Subramanian Iyer, University of New Mexico
Discussant:   Keming Li, Texas A&M San Antonio
Session 46: Capital Structure II - SESSION CANCELLED March 11, 2016 10:30 to 12:00 Session E: Meeting Room 5
Session type: contributed
Session 47: CEO & Non-CEO Compensation March 11, 2016 10:30 to 12:00 Session F: Meeting Room 6
Session Chair: Ramesh Rao, Oklahoma State University
Session type: contributed
1. EXECUTIVE COMPENSATION AND POLITICAL SENSITIVITY: EVIDENCE FROM GOVERNMENT CONTRACTORS
By Brandy Hadley; California State University San Bernardi
presented by: Brandy Hadley, California State University San Bernardi
Discussant:   Hongrui Feng, Oklahoma State University
2. The Interaction Effects of CEO Power, Social Connections and Incentive Compensation on Firm Value
By Gary Caton; Montana State University Jeremy Goh; Singapore Management University Scott Linn; University of Oklahoma
presented by: Gary Caton, Montana State University
Discussant:   Brandy Hadley, California State University San Bernardi
3. Non-CEO Equity Incentive Compensation and Firm Performance
By Hongrui Feng; Oklahoma State University
presented by: Hongrui Feng, Oklahoma State University
Discussant:   Gary Caton, Montana State University
Session 48: Investment Strategy Considerations March 11, 2016 10:30 to 12:00 Session G: Meeting Room 7
Session Chair: Jeffrey Jones, Missouri State University
Session type: contributed
1. Application of CAN SLIM Investing Dow Jones Benchmark
By Matthew Lutey; University of New Orleans Mohammad Hassan; University of New Orleans David Rayome; Northern Michigan University
presented by: Matthew Lutey, University of New Orleans
Discussant:   Jeffrey Jones, Missouri State University
2. Classification of Firms into Industries Using Market Data
By Dan French; University of Missouri Michael Gibbs; University of Missouri at Columbia, Trulaske College of Business
presented by: Michael Gibbs, University of Missouri at Columbia, Trulaske College of Business
Discussant:   Matthew Lutey, University of New Orleans
3. The Impact of Employer-Delayed Deposits on Plan Participant Wealth
By Jeffrey Jones; Missouri State University
presented by: Jeffrey Jones, Missouri State University
Discussant:   Michael Gibbs, University of Missouri at Columbia, Trulaske College of Business
Session 49: Annual Business Meeting and Luncheon March 11, 2016 12:00 to 13:45 Ballroom B
Keynote Speaker is Chitru S. Fernando, Rainbolt Chair in Finance and Director of the Center for Financial Studies at the Michael F. Price College of Business, University of Oklahoma. Topic: Corporate Environmental Policy and Shareholder Value: Following the Smart Money. Do green companies create value for their shareholders? Professor Fernando will present the findings of a study that examines the value consequences of corporate social responsibility through the lens of institutional shareholders. The study documents a sharp asymmetry between corporate policies that mitigate the firm’s exposure to environmental risk and those that enhance its perceived environmental friendliness (“greenness”). Institutional investors shun stocks with high environmental risk exposure, which have higher systematic risk and lower valuations as predicted by risk management theory. These findings suggest that corporate environmental policies that mitigate environmental risk exposure create shareholder value. In contrast, firms that increase greenness without mitigating risk exposure do not create shareholder value and are also shunned by institutional investors.
Session Chair: Susan Crain, Missouri State University
Session type: invited
Session 50: Asymmetric Information March 11, 2016 13:45 to 15:15 Session A: Meeting Room 1
Session Chair: Zhenyang Tang, Clark University
Session type: contributed
1. The Effect of Investor Attention on the Corporate Litigation Process
By Anna Abdulmanova; University of Missouri Stephen Ferris; University of Missouri Narayanan Jayaraman; Georgia Institute of Technology Pratik Kothari; University of Missouri
presented by: Pratik Kothari, University of Missouri
Discussant:   Felipe Cortes, Northeastern University
2. Decomposing Information Asymmetry around Insider Trading Dates
By Zhenyang Tang; Clark University Xiaowei Xu; University of Alberta
presented by: Zhenyang Tang, Clark University
Discussant:   Pratik Kothari, University of Missouri
Session 51: Dividends, Stock Splits, and Share Repurchases March 11, 2016 13:45 to 15:15 Session B: Meeting Room 2
Session Chair: Karyn Neuhauser, Lamar University
Session type: contributed
1. Do stock splits signal future cash flows?
By Julie Fitzpatrick; SUNY Fredonia Tai Yi; SUNY Fredonia
presented by: Julie Fitzpatrick, SUNY Fredonia
Discussant:   Karyn Neuhauser, Lamar University
2. External Shocks and Share Repurchases
By Hsuan-Chi Chen; University of New Mexico Joel Harper; Oklahoma State University Subramanian Iyer; University of New Mexico
presented by: Subramanian Iyer, University of New Mexico
Discussant:   Julie Fitzpatrick, SUNY Fredonia
3. Is there a premium for firms that consistently increase dividends?
By David Michayluk; University of Technology Sydney Karyn Neuhauser; Lamar University Scott Walker; University of Technology Sydney
presented by: Karyn Neuhauser, Lamar University
Discussant:   Subramanian Iyer, University of New Mexico
Session 52: Banking Industry II March 11, 2016 13:45 to 15:15 Session C: Meeting Room 3
Session Chair: Yoko Shirasu, Aoyama Gakuin University
Session type: contributed
1. To what extent do past relationship and experience help a bank in winning a lead mandate in the syndicated loan bid?
By Bolortuya Enkhtaivan; Texas A&M International University Zagdbazar Davaadorj; Texas A&M International University
presented by: Zagdbazar Davaadorj, Texas A&M International University
Discussant:   Yoko Shirasu, Aoyama Gakuin University
2. What are the Factors of Banks’ M&A Effects: Evidence from Asia-pacific Banks?
By Yoko Shirasu; Aoyama Gakuin University
presented by: Yoko Shirasu, Aoyama Gakuin University
Discussant:   Zagdbazar Davaadorj, Texas A&M International University
Session 53: Political Activity and its Effects March 11, 2016 13:45 to 15:15 Session D: Meeting Room 4
Session Chair: Karen Ann Craig, Eastern Michigan University
Session type: contributed
1. Corporate Lobbying, CEO Political Ideology and Firm Performance
By Omer UNSAL; University of New Orleans Duygu Zirek; University of New Orleans Mohammad Hassan; University of New Orleans
presented by: Omer UNSAL, University of New Orleans
Discussant:   Karen Ann Craig, Eastern Michigan University
2. The Effects of Political Campaign Contributions on Rivals
By Jeffrey Oxman; University of St. Thomas Michael Walrath; University of St. Thomas
presented by: Jeffrey Oxman, University of St. Thomas
Discussant:   Omer UNSAL, University of New Orleans
3. Political Sensitivity in the U.S. Corporate Bond Market: Evidence from Government Contractors
By Karen Ann Craig; Eastern Michigan University Brandy Hadley; California State University San Bernardi
presented by: Karen Ann Craig, Eastern Michigan University
Discussant:   Jeffrey Oxman, University of St. Thomas
Session 54: Investor Characteristics and Behaviors March 11, 2016 13:45 to 15:15 Session E: Meeting Room 5
Session Chair: Andre Vianna, The University of Texas Rio Grande Valley
Session type: contributed
1. The Self-Selection Effects of Retail Financial Products. The Case of Contractual Saving for Housing in Germany
By Christoph Börner; Heinrich-Heine-University Duesseldorf Patrick Harnischmacher; Heinrich-Heine-University Duesseldorf René Katernberg; Heinrich-Heine-University Duesseldorf
presented by: Patrick Harnischmacher, Heinrich-Heine-University Duesseldorf
Discussant:   Andre Vianna, The University of Texas Rio Grande Valley
2. Are US-Dollar-Hedged-ETF Investors Aggressive on Exchange Rates? Are They Proactive or Reactive Investors? A Panel VAR Approach
By Andre Vianna; The University of Texas Rio Grande Valley
presented by: Andre Vianna, The University of Texas Rio Grande Valley
Discussant:   Patrick Harnischmacher, Heinrich-Heine-University Duesseldorf
3. How do Disposition Effect, Anchoring Bias, and Idiosyncratic Volatility Interact to Impact Momentum in Stock Returns?
By Jungshik Hur; Lousiana Tech University Vivek Singh
presented by: Vivek Singh,
Discussant:   Jared Linna, The University of Memphis
4. Return of the Specialist: An Analysis of Market Maker Inventory, Pricing, and Trading Behavior
By Jared Linna; The University of Memphis
presented by: Jared Linna, The University of Memphis
Discussant:   Vivek Singh,
Session 55: Panel on Energy Markets March 11, 2016 13:45 to 15:15 Session F: Ballroom E
Panelists include Scott C. Linn, Betty Simkins, and Craig Pirrong. Energy plays a pivotal role in the economies of both developed and developing nations whether in the form of oil, natural gas, coal or electricity. Of particular concern is the volatility of energy prices and how to manage that volatility, if at all. Thus, the structure and characteristics of the global energy market are of importance to governments and corporations alike. There is an important role for both education and research in informing decision makers in the energy sector as well as policy makers about best choices in the use and management of energy and the efficacy of regulating these markets. Risk management of price volatility has become an increasing focus of many companies and so knowledge of the financial contracts involving energy commodities (both over-the-counter contracts as well as exchange traded contracts) is of crucial importance as well as knowledge of the physical markets. Understanding how contract prices (futures prices) are determined and the interplay between futures markets for instance and physical markets has important implications for understanding optimal risk management and the trustworthiness of those prices as guides for decision making. This of course can speak directly to the functioning of these markets and can potentially inform policy makers who may be involved in regulating these markets. A question on the minds of many is whether the ban on oil exports should be lifted and if lifted what the potential implications are. The panelists will address these and other issues and discuss strategies for building a successful energy related research agenda.
Session Chair: Susan Crain, Missouri State University
Session type: invited
Session 56: Financial Education & Pedagogy March 11, 2016 15:30 to 17:00 Session A: Meeting Room 1
Session Chair: Louie Ren, University of Houston-Victoria
Session type: contributed
1. The Applications of Excel Spreadsheets in Teaching Finance: Evidence of AACSB-accredited Business Programs in the U.S.
By Zhuoming Peng
presented by: Zhuoming Peng,
Discussant:   Louie Ren, University of Houston-Victoria
2. Ranking of Finance Research Institutions: A Hybrid Approach
By Mosab Hammoudeh; The University of Texas at Arlington Salil Sarkar; The University of Texas at Arlington
presented by: Salil Sarkar, The University of Texas at Arlington
Discussant:   Zhuoming Peng,
3. A Note about Finance Journal Rankings and Citation Counts
By Louie Ren; University of Houston-Victoria Peter Ren; University of Houston-Downtown
presented by: Louie Ren, University of Houston-Victoria
Discussant:   Salil Sarkar, The University of Texas at Arlington
Session 57: Bank Management March 11, 2016 15:30 to 17:00 Session B: Meeting Room 2
Session Chair: Mohammad Hassan, University of New Orleans
Session type: contributed
1. Bank profitability and the yield curve: The story based on the 2007-2009 financial crisis
By David Johnk; Rogers State University
presented by: David Johnk, Rogers State University
Discussant:   Mohammad Hassan, University of New Orleans
2. US Community Banking Failure
By Kyle Putnam; University of New Orleans Mohammad Hassan; University of New Orleans
presented by: Mohammad Hassan, University of New Orleans
Discussant:   David Johnk, Rogers State University
Session 58: MOVED TO SESSION 51: Dividends, Stock Splits, and Share Repurchases March 11, 2016 15:30 to 17:00 Session C: Meeting Room 3
Session type: contributed
Session 59: Venture Capital SESSION CANCELLED March 11, 2016 15:30 to 17:00 Session D: Meeting Room 4
Session type: contributed
Session 60: Portfolio Allocation March 11, 2016 15:30 to 17:00 Session E: Meeting Room 5
Session Chair: Geoffrey Ngene, Mercer University
Session type: contributed
1. A PORTFOLIO INVESTIGATION IN SOUTH AFRICAN BOND MARKET
By Jinghua Carolyn Wang
presented by: Jinghua Carolyn Wang,
Discussant:   Geoffrey Ngene, Mercer University
2. Portfolio Allocations Using Fundamental Ratios: Is Profitability Effective in Selecting Firms and Sectors?
By Chris Hughen; University of Denver
presented by: Chris Hughen, University of Denver
Discussant:   Jinghua Carolyn Wang,
3. Volatility and Shock Interactions, Portfolio Allocations and Hedging Strategies: Evidence from Oil and Stock Markets of Frontier Countries
By Geoffrey Ngene; Mercer University
presented by: Geoffrey Ngene, Mercer University
Discussant:   Chris Hughen, University of Denver
Session 61: Investor Behavior March 11, 2016 15:30 to 17:00 Session F: Meeting Room 6
Session Chair: Ansley Chua, Kansas State University
Session type: contributed
1. Equilibrium Relationship between Expected Return
By Nalinaksha Bhattacharyya; University of Alaska Anchorage Leyuan You; Texas State University
presented by: Leyuan You, Texas State University
Discussant:   Ansley Chua, Kansas State University
2. Herding During the Stock Market Bubble: An Intraday Analysis
By Douglas Patterson; Virginia Tech Vivek Singh
presented by: Vivek Singh,
Discussant:   Leyuan You, Texas State University
3. Investors and Choice Overload: Evidence from IPOs
By Ansley Chua; Kansas State University Jared DeLisle; Utah State University Tareque Nasser; Kansas State University
presented by: Ansley Chua, Kansas State University
Discussant:   Vivek Singh,
Session 62: Statistical Methods & Econometric Modeling March 11, 2016 15:30 to 17:00 Session G: Meeting Room 7
Session Chair: Andreas Kakolyris, Graduate Center, CUNY
Session type: contributed
1. Why Practitioners Should Use Bayesian Statistics
By David Harris; University of Great Falls
presented by: David Harris, University of Great Falls
Discussant:   Andreas Kakolyris, Graduate Center, CUNY
2. DCC-GARCH Market Impact Modelling in High Frequency Trading
By Stephan Unger; University of Vienna
presented by: Stephan Unger, University of Vienna
Discussant:   David Harris, University of Great Falls
3. Modelling the Blind Principal Bid Mechanism: a large deviation approach
By Christos Giannikos; Baruch College Andreas Kakolyris; Graduate Center, CUNY
presented by: Andreas Kakolyris, Graduate Center, CUNY
Discussant:   Stephan Unger, University of Vienna
Session 63: Stipend Payments to Doctoral Students March 11, 2016 15:30 to 17:00 Session H: Meeting Room 8
Session Chair: Susan Crain, Missouri State University
Session type: invited

 

This program was last updated on 2016-03-08 19:50:04 EDT