March 9, 2017
08:30 to 10:00	Parallel Sessions
10:00 to 10:30	FBD COFFEE BREAK , Governor’s Hall 1 (SHCC)
10:30 to 12:00	Parallel Sessions
13:30 to 15:00	Parallel Sessions
15:00 to 15:30	FBD COFFEE BREAK , Governor’s Hall 1 (SHCC)
15:30 to 17:00	Parallel Sessions
17:30 to 19:00	FBD Presidential Welcome Reception , Governor’s Hall 1 (SHCC)
18:30 to 20:00	SWFA reception , Copper Grill
March 10, 2017
07:00 to 08:30	SWFA Board Meeting and Breakfast, Toltec
08:30 to 10:00	Parallel Sessions
10:00 to 10:30	FBD Coffee Break , Governor’s Hall 1 (SHCC)
10:30 to 12:00	Parallel Sessions
12:00 to 13:45	Annual Business Meeting and Luncheon Keynote Speaker: Brad Case, PhD, CFA, CAIA, Senior Vice President for the National Association of Real Estate Investment Trusts Topic: Risk Management in Illiquid Real Estate , Wally Allen D (SHCC)
13:45 to 15:15	Parallel Sessions
15:00 to 15:30	FBD Coffee Break , Governor’s Hall 1 (SHCC)
15:30 to 17:00	Parallel Sessions

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

Session ID code	Date/Time	Location	Type	Title	Papers
1	March 9, 2017 8:30-10:00	Fulton (SHCC)	contributed	SESSION A Analyst Forecasts	4
2	March 9, 2017 8:30-10:00	Caraway 1 (SHCC)	contributed	SESSION B Banking Industry 1	3
3	March 9, 2017 8:30-10:00	Caraway 2 (SHCC)	contributed	SESSION C Mergers and Acquisitions 1	3
4	March 9, 2017 8:30-10:00	Caraway 3 (SHCC)	contributed	SESSION D Bank Management	4
5	March 9, 2017 8:30-10:00	Izard (SHCC)	contributed	SESSION E Political Activity and Its Effects 1	3
6	March 9, 2017 8:30-10:00	Miller (SHCC)	contributed	SESSION F International Market Transmissions	2
7	March 9, 2017 8:30-10:00	Pope (SHCC)	contributed	SESSION G Corporate Governance	4
8	March 9, 2017 10:30-12:00	Fulton (SHCC)	contributed	SESSION A Cash Management and Globalization	3
9	March 9, 2017 10:30-12:00	Caraway 1 (SHCC)	contributed	SESSION B Dividends, Stock Splits and Share Repurchases	4
10	March 9, 2017 10:30-12:00	Caraway 2 (SHCC)	contributed	SESSION C Initial Public Offerings	3
11	March 9, 2017 10:30-12:00	Caraway 3 (SHCC)	contributed	SESSION D Social Responsibility and Social Performance	4
12	March 9, 2017 10:30-12:00	Miller (SHCC)	contributed	SESSION F Real Estate 1	4
13	March 9, 2017 10:30-12:00	Pope (SHCC)	contributed	SESSION G Risk and Return 1	4
14	March 9, 2017 13:30-15:00	Fulton (SHCC)	contributed	SESSION A Risk and Return 2	4
15	March 9, 2017 13:30-15:00	Caraway 2 (SHCC)	contributed	SESSION C Innovation, Efficiency and Valuation	3
16	March 9, 2017 13:30-15:00	Caraway 3 (SHCC)	contributed	SESSION D Asset Liquidity Consideration	3
17	March 9, 2017 13:30-15:00	Izard (SHCC)	contributed	SESSION E Institutional Investors	3
18	March 9, 2017 13:30-15:00	Miller (SHCC)	contributed	SESSION F Credit Risk	4
19	March 9, 2017 13:30-15:00	Pope (SHCC)	panel	SESSION G Doctoral Students Symposium	0
20	March 9, 2017 15:30-17:00	Fulton (SHCC)	contributed	SESSION A Merger and Acquisition 2	2
21	March 9, 2017 15:30-17:00	Caraway 1 (SHCC)	contributed	SESSION B Investor Behavior	4
22	March 9, 2017 15:30-17:00	Caraway 2 (SHCC)	contributed	SESSION C CEO and Non-CEO Compensation	4
23	March 9, 2017 15:30-17:00	Caraway 3 (SHCC)	contributed	SESSION D Real Estate 2	4
24	March 9, 2017 15:30-17:00	Izard (SHCC)	contributed	SESSION E Financial Education & Pedagogy 1	4
25	March 9, 2017 15:30-17:00	Miller (SHCC)	contributed	SESSION F Statistical Methods & Econometric Modeling	4
26	March 9, 2017 15:30-17:00	Pope (SHCC)	panel	SESSION G Panel on Finance Education: Past, Present and Future	0
27	March 10, 2017 8:30-10:00	Fulton (SHCC)	contributed	SESSION A Energy Price	4
28	March 10, 2017 8:30-10:00	Caraway 1 (SHCC)	contributed	SESSION B Healthcare and Social Security	3
29	March 10, 2017 8:30-10:00	Caraway 2 (SHCC)	contributed	SESSION C Capital Structure and Cost of Debt	3
30	March 10, 2017 8:30-10:00	Caraway 3 (SHCC)	contributed	SESSION D Employee Benefit, Innovation Efficiency and Valuation	3
31	March 10, 2017 8:30-10:00	Izard (SHCC)	contributed	SESSION E Mutual Funds and Hedge Funds	4
32	March 10, 2017 8:30-10:00	Miller (SHCC)	contributed	SESSION F Corporate Leadership	4
33	March 10, 2017 8:30-10:00	Pope (SHCC)	contributed	SESSION G Investment Strategy Consideration	4
34	March 10, 2017 10:30-12:00	Fulton (SHCC)	contributed	SESSION A Financial Market Issues 1	4
35	March 10, 2017 10:30-12:00	Caraway 1 (SHCC)	contributed	SESSION B Dual-Class Firms and Asymmetric Information	4
36	March 10, 2017 10:30-12:00	Caraway 2 (SHCC)	contributed	SESSION C Earnings Management, Earnings Announcement and Ownership Structure	3
37	March 10, 2017 10:30-12:00	Caraway 3 (SHCC)	contributed	SESSION D Credit Risk and Exchange Rates	3
38	March 10, 2017 10:30-12:00	Izard (SHCC)	contributed	SESSION E Financial Market Issues 2	3
39	March 10, 2017 10:30-12:00	Miller (SHCC)	contributed	SESSION F Volatility, Portfolio Construction and Asset Pricing	4
40	March 10, 2017 10:30-12:00	Pope (SHCC)	contributed	SESSION G Measuring and Managing Risk	3
41	March 10, 2017 13:45-15:15	Fulton (SHCC)	contributed	SESSION A Chinese Financial Reforms	3
42	March 10, 2017 13:45-15:15	Caraway 2 (SHCC)	contributed	SESSION C Securitization, Insurance and Enterprise Risk Management	4
43	March 10, 2017 13:45-15:15	Izard (SHCC)	contributed	SESSION E Issues in Corporate Finance 1	3
44	March 10, 2017 13:45-15:15	Miller (SHCC)	contributed	SESSION F Political Activity and Its Effects 2	3
45	March 10, 2017 13:45-15:15	Pope (SHCC)	contributed	SESSION G Current Issues in Real Estate Portfolio Investment and REITs	0
46	March 10, 2017 15:30-17:00	Fulton (SHCC)	contributed	SESSION A Financial Education & Pedagogy 2	2
47	March 10, 2017 15:30-17:00	Caraway 1 (SHCC)	contributed	SESSION B Social Responsibility, Social Performance and Regulation	3
48	March 10, 2017 15:30-17:00	Caraway 3 (SHCC)	contributed	SESSION D Issues in Investments	4
49	March 10, 2017 15:30-17:00	Izard (SHCC)	contributed	SESSION E Issues in Corporate Finance 2	4
50	March 10, 2017 15:30-17:00	Miller (SHCC)	contributed	SESSION F Cost of Debt, Sovereign Debt and Risk	4
51	March 10, 2017 15:30-17:00	Pope (SHCC)	panel	SESSION G Stipend Payments to Doctoral Students	0

 

51 sessions, 163 papers, and 0 presentations with no associated papers

Southwestern Finance Association (SWFA)
Detailed List of Sessions

                                                                                                       

Session ID 1: SESSION A Analyst Forecasts March 9, 2017 8:30 to 10:00 Fulton (SHCC)
Session Chair: Xia Liu, The University of Texas at Arlington
Session type: contributed
1. Local Predictive Ability of Analyst Recommendations
By Serkan Karadas; Sewanee: The University of the South Jorida Papakroni; Franklin & Marshall College
presented by: Serkan Karadas, Sewanee: The University of the South
Discussant:   Xia Liu, The University of Texas at Arlington
2. Stock Price Reaction to Brokers’ Recommendation Updates and Their Quality
By Joon young Song; The University of Findlay
presented by: Joon young Song, The University of Findlay
Discussant:   Serkan Karadas, Sewanee: The University of the South
3. The Information Content of Analysts’ Value Estimates
By Ryan Chacon; University of Missouri Dan French; University of Missouri Kuntara Pukthuanthong; University of Missouri
presented by: Dan French, University of Missouri
Discussant:   Joon young Song, The University of Findlay
4. Involuntary Stock Delisting and Analyst Forecast Predictability
By Xia Liu; The University of Texas at Arlington Salil Sarkar; The University of Texas at Arlington
presented by: Xia Liu, The University of Texas at Arlington
Discussant:   Dan French, University of Missouri
Session ID 2: SESSION B Banking Industry 1 March 9, 2017 8:30 to 10:00 Caraway 1 (SHCC)
Session Chair: Sunghoon Joo, Auburn University
Session type: contributed
1. Incentives for Bankers to Reveal Risk
By Swati Kanoria; Warwick Business School
presented by: Swati Kanoria, Warwick Business School
Discussant:   Sunghoon Joo, Auburn University
2. Ambiguity and Interbank Market Participation: Relationship and Transactional Banking
By Reina Renard; KU Leuven
presented by: Reina Renard, KU Leuven
Discussant:   Swati Kanoria, Warwick Business School
3. Cross-ownership of Bank Stocks: A Network Analysis of Bank Performance
By Sunghoon Joo; Auburn University James Barth; Auburn University, Finance Department
presented by: Sunghoon Joo, Auburn University
Discussant:   Reina Renard, KU Leuven
Session ID 3: SESSION C Mergers and Acquisitions 1 March 9, 2017 8:30 to 10:00 Caraway 2 (SHCC)
Session Chair: Nam Nguyen, University of Massachusetts Lowell
Session type: contributed
1. Thriving on a Short Leash: Debt Maturity Structure and Acquirer Returns
By Nam Nguyen; University of Massachusetts Lowell Hieu Phan; University of Massachusetts Lowell
presented by: Nam Nguyen, University of Massachusetts Lowell
Discussant:   Arati Kale, UT Arlington
2. The Effects of Activist Investors on Firms’ Mergers and Acquisitions
By Steve Swidler; Auburn tri trinh Keven Yost; Auburn University
presented by: tri trinh,
Discussant:   Nam Nguyen, University of Massachusetts Lowell
3. What do some manners do differently in mergers
By Arati Kale; UT Arlington
presented by: Arati Kale, UT Arlington
Discussant:   tri trinh,
Session ID 4: SESSION D Bank Management March 9, 2017 8:30 to 10:00 Caraway 3 (SHCC)
Session Chair: Andrew Lynch, University of Mississippi
Session type: contributed
1. Bank Risk and Charter Value: The Role of Opacity
By Chris Brune; Ouachita Baptist University
presented by: Chris Brune, Ouachita Baptist University
Discussant:   Zi Ning, Delaware State University
2. The Effects of Big Baths on Bank Opacity
By K. Haggard; Missouri State University John Howe; University of Missouri Andrew Lynch; University of Mississippi
presented by: Andrew Lynch, University of Mississippi
Discussant:   Chris Brune, Ouachita Baptist University
3. Bank Capital, Profitability and Interest Rate Spreads
By Mujtaba Zia; Southern Arkansas University
presented by: Mujtaba Zia, Southern Arkansas University
Discussant:   Andrew Lynch, University of Mississippi
4. Earnings Efficiency and Financial Performance of Commercial Banks:The sub-period Evidence
By Zi Ning; Delaware State University Youngsik Kwak; Delaware State University
presented by: Zi Ning, Delaware State University
Discussant:   Mujtaba Zia, Southern Arkansas University
Session ID 5: SESSION E Political Activity and Its Effects 1 March 9, 2017 8:30 to 10:00 Izard (SHCC)
Session Chair: Siddharth Shankar, Texas A&M International University
Session type: contributed
1. Political Connections and Firm Performance: Evidence from Toxic Release Data
By Omer UNSAL; University of New Orleans M. Kabir Hassan; University of New Orleans
presented by: Omer UNSAL, University of New Orleans
2. Corporate Lobbying and Financial Institution Performance Evidence from Shareholder Litigations
By Omer UNSAL; University of New Orleans William Hippler; University of La Verne M. Kabir Hassan; University of New Orleans
presented by: Omer UNSAL, University of New Orleans
Discussant:   Reza Houston, Indiana State University
3. It’s a Sweetheart of a Deal: Political Connections and Federal Contracting
By Stephen Ferris; University of Missouri Reza Houston; Indiana State University
presented by: Reza Houston, Indiana State University
Discussant:   Omer UNSAL, University of New Orleans
Session ID 6: SESSION F International Market Transmissions March 9, 2017 8:30 to 10:00 Miller (SHCC)
Session Chair: Christoph Schiller, University of Toronto
Session type: contributed
1. Transnational Spillover Effects of Sovereign Rating Signals on Bank Stock Returns Evidence from the Euro Area
By Haoshen Hu; University of Oldenburg Joerg Prokop; University of Oldenburg Hans-Michael Trautwein; University of Oldenburg
presented by: Haoshen Hu, University of Oldenburg
Discussant:   Christoph Schiller, University of Toronto
2. The Globalization of Economic Shocks: Financial Contagion in International Supply-Chain Networks
By Christoph Schiller; University of Toronto
presented by: Christoph Schiller, University of Toronto
Discussant:   Haoshen Hu, University of Oldenburg
Session ID 7: SESSION G Corporate Governance March 9, 2017 8:30 to 10:00 Pope (SHCC)
Session Chair: Ying Xiao, Mount Saint Mary College
Session type: contributed
1. Benefits of Government Debt Guarantees: Evidence from the Debt Guarantee Program
By Jeff Black; University of Oklahoma Seth Hoelscher; Missouri State University Duane Stock; University of Oklahoma
presented by: Seth Hoelscher, Missouri State University
Discussant:   Ying Xiao, Mount Saint Mary College
2. Does CEO Power Affect Capital Structure Under Imperfect Governance?
By Yongli Luo; Houston Baptist University
presented by: Yongli Luo, Houston Baptist University
Discussant:   Seth Hoelscher, Missouri State University
3. Investigating the Effect of Corporate Governance on Jordanian Firm Performance
By Mohamed Mugableh; Irbid National University, Jordan.
presented by: Mohamed Mugableh, Irbid National University, Jordan.
Discussant:   Yongli Luo, Houston Baptist University
4. How Does Corporate Governance Affect the Implied Cost of Equity Capital? Evidence from REITs
By Ying Xiao; Mount Saint Mary College
presented by: Ying Xiao, Mount Saint Mary College
Discussant:   Mohamed Mugableh, Irbid National University, Jordan.
Session ID 8: SESSION A Cash Management and Globalization March 9, 2017 10:30 to 12:00 Fulton (SHCC)
Session Chair: Joseph Ogden, SUNY-Buffalo
Session type: contributed
1. Corporate Cash Holdings and Exposure to Macroeconomic Uncertainty
By YoungHa Ki; Widener University Tarun Mukherjee; University of New Orleans
presented by: YoungHa Ki, Widener University
Discussant:   Joseph Ogden, SUNY-Buffalo
2. A Test of Substitutability of Cash Holdings and Lines Of Credit: A Cross-Country Perspective
By Mohsen Mollagholamali; Oklahoma State University Ramesh Rao; Oklahoma State University
presented by: Mohsen Mollagholamali, Oklahoma State University
Discussant:   YoungHa Ki, Widener University
3. Corporate Cash Balance, Volatility, and Adjustment: Growth Firms vs. Cash Cows
By Joseph Ogden; SUNY-Buffalo Shanhong Wu; Univ. of Arkansas at Ft. Smith
presented by: Joseph Ogden, SUNY-Buffalo
Discussant:   Mohsen Mollagholamali, Oklahoma State University
Session ID 9: SESSION B Dividends, Stock Splits and Share Repurchases March 9, 2017 10:30 to 12:00 Caraway 1 (SHCC)
Session Chair: Karyn Neuhauser, Lamar University
Session type: contributed
1. Are all dividends created equal? Australian evidence using dividend-increase track records
By David Michayluk; University of Technology Sydney Karyn Neuhauser; Lamar University Scott Walker; University of Technology Sydney
presented by: Karyn Neuhauser, Lamar University
Discussant:   XING GAO, the University of Illinois at Urbana Champaign
2. Dividend Yields and Stock Returns under Tax-Free Environment
By Kienpin Tee; Zayed University
presented by: Kienpin Tee, Zayed University
Discussant:   Karyn Neuhauser, Lamar University
3. Market reaction to split announcements: Rational response or behavioral bias?
By Mohammad Karim; Marshall University Elizabeth Devos; Eastern Michigan University Rathin Rathinasamy; Ball State University
presented by: Mohammad Karim, Marshall University
Discussant:   Kienpin Tee, Zayed University
4. Do Dividends Affect Stock Option Awards? Evidence from the Job and Growth Tax Relief Reconstruction Act
By XING GAO; the University of Illinois at Urbana Champaign
presented by: XING GAO, the University of Illinois at Urbana Champaign
Discussant:   Mohammad Karim, Marshall University
Session ID 10: SESSION C Initial Public Offerings March 9, 2017 10:30 to 12:00 Caraway 2 (SHCC)
Session Chair: Weineng Xu, University of Arkansas
Session type: contributed
1. The Information Environment of the Firm and IPO Underpricing
By Bill Francis; RENSSELAER POLYTECHNIC INSTITUTE Thomas Shohfi; Rensselaer Polytechnic Institute DAQI XIN; Rensselaer Polytechnic Institute
presented by: DAQI XIN, Rensselaer Polytechnic Institute
Discussant:   Weineng Xu, University of Arkansas
2. IPO Lockup Expirations: A Persistent Anomaly of Scale
By Kevin Green; The University of Texas at Dallas
presented by: Kevin Green, The University of Texas at Dallas
Discussant:   DAQI XIN, Rensselaer Polytechnic Institute
3. CEO Network Centrality and IPO Performance
By Dobrina Jandik; University of St. Thomas Tomas Jandik; University of Arkansas Weineng Xu; University of Arkansas
presented by: Tomas Jandik, University of Arkansas
Discussant:   Kevin Green, The University of Texas at Dallas
Session ID 11: SESSION D Social Responsibility and Social Performance March 9, 2017 10:30 to 12:00 Caraway 3 (SHCC)
Session Chair: Siddharth Shankar, Texas A&M International University
Session type: contributed
1. Fewer Reasons to Sin: A Five-Factor Investigation of Vice Stock Returns
By Greg Richey
presented by: Greg Richey,
Discussant:   Siddharth Shankar, Texas A&M International University
2. The impact of religious practice on stock returns and volatility
By Osamah Al-Khazali; American University of Sharjah
presented by: Osamah Al-Khazali, American University of Sharjah
3. Managerial risk-taking behavior and social capital
By Humnath Panta; Brenau University
presented by: Humnath Panta, Brenau University
Discussant:   Osamah Al-Khazali, American University of Sharjah
4. Corporate social responsibility and syndicated loan structure
By Siddharth Shankar; Texas A&M International University Zhenyu Hu; Texas A&M international University Leonard Arvi; Salisbury University
presented by: Siddharth Shankar, Texas A&M International University
Discussant:   Humnath Panta, Brenau University
Session ID 12: SESSION F Real Estate 1 March 9, 2017 10:30 to 12:00 Miller (SHCC)
Session Chair: Dan French, University of Missouri
Session type: contributed
1. The Asymmetric Conditional Beta-Return Relations of REITs
By John Glascock; University of Connecticut Ran Lu-Andrews; California Lutheran University
presented by: Ran Lu-Andrews, California Lutheran University
Discussant:   Regina Lin, Harbin Institute of Technology (Shenzhen)
2. Non-traded REITs: Corporate Governance and Dividend Policy
By Dan French; University of Missouri Andrew Kern; University of Missouri Thibeaut Morillon; University of Missouri Adam Yore; University of Missouri
presented by: Dan French, University of Missouri
Discussant:   Ran Lu-Andrews, California Lutheran University
3. Dissecting Housing Market Vacancies
By Walt Nelson; Missouri State University
presented by: Walt Nelson, Missouri State University
Discussant:   Dan French, University of Missouri
4. What does China's REITs market tell us? - an application of Fama-French three factors model
By Crystal Chen; Harbin Institute of Technology (Shenzhen) Xinghua Huang; Harbin Institute of Technology (Shenzhen) Regina Lin; Harbin Institute of Technology (Shenzhen)
presented by: Regina Lin, Harbin Institute of Technology (Shenzhen)
Discussant:   Walt Nelson, Missouri State University
Session ID 13: SESSION G Risk and Return 1 March 9, 2017 10:30 to 12:00 Pope (SHCC)
Session Chair: Rachel (Kyungyeon) Koh, University of Massachusetts--Amherst
Session type: contributed
1. Index Shocks, Pricing Anomalies and Long-horizon Return Predictability in the Japanese Stock Market
By Pyemo Afego; Kyushu University
presented by: Pyemo Afego, Kyushu University
Discussant:   Rachel (Kyungyeon) Koh, University of Massachusetts--Amherst
2. Forecasting Bond Risk Premia with Unspanned Macroeconomic Information
By Rui Liu; University of Houston
presented by: Rui Liu, University of Houston
3. Risk and Return: Beyond the Equity Premium
By Guanglian Hu; University of Houston
presented by: Guanglian Hu, University of Houston
4. Asset Turnover and the Cross-Section of Stock Returns
By Rachel (Kyungyeon) Koh; University of Massachusetts--Amherst
presented by: Rachel (Kyungyeon) Koh, University of Massachusetts--Amherst
Discussant:   Guanglian Hu, University of Houston
Session ID 14: SESSION A Risk and Return 2 March 9, 2017 13:30 to 15:00 Fulton (SHCC)
Session Chair: Mahtab Athari, Cleveland State University
Session type: contributed
1. What does media tone tell about cross-sectional and aggregate stock returns?
By Sha Liu; University College Dublin Jingguang Han; Accenture Technology Labs
presented by: Sha Liu, University College Dublin
Discussant:   Mahtab Athari, Cleveland State University
2. The Distribution of Returns
By David Harris; University of Great Falls
presented by: David Harris, University of Great Falls
Discussant:   Sha Liu, University College Dublin
3. The Precision of Asset Beta Estimates
By Vance Lesseig; Texas State University Janet Payne; Texas State University
presented by: Janet Payne, Texas State University
Discussant:   David Harris, University of Great Falls
4. Stock Return Forecasting with Sum of the Parts Methodology: Evidence from Around the World
By Mahtab Athari; Cleveland State University Atsuyuki Naka; University of New Orleans
presented by: Mahtab Athari, Cleveland State University
Discussant:   Vance Lesseig, Texas State University
Session ID 15: SESSION C Innovation, Efficiency and Valuation March 9, 2017 13:30 to 15:00 Caraway 2 (SHCC)
Session Chair: Joon Park, University of Arkansas at Pine Bluff
Session type: contributed
1. Superstar CEOs and Innovation
By Julian Atanassov; University of Nebraska Keun Jae Park; Washington and Jefferson College
presented by: Julian Atanassov, University of Nebraska
Discussant:   Joon Park, University of Arkansas at Pine Bluff
2. Valuing the hospital industry from a financing efficiency standpoint
By Robert Hull; Washburn University Shane VanDalsem; Washburn University
presented by: Shane VanDalsem, Washburn University
Discussant:   Keun Jae Park, Washington and Jefferson College
3. Measuring Efficiency of Foreign Banks in the United States
By Joon Park; University of Arkansas at Pine Bluff
presented by: Joon Park, University of Arkansas at Pine Bluff
Discussant:   Shane VanDalsem, Washburn University
Session ID 16: SESSION D Asset Liquidity Consideration March 9, 2017 13:30 to 15:00 Caraway 3 (SHCC)
Session Chair: Chris Lawrey, University of South Alabama
Session type: contributed
1. The Impact of Market Liquidity on Foreign Bond Issuing Cost
By Lynn Kendall; University of Dallas Jenny Gu; University of Dallas
presented by: Lynn Kendall, University of Dallas
Discussant:   Chris Lawrey, University of South Alabama
2. Stock Market Liquidity, Financial Crisis and Quantitative Easing
By Ajay Mishra; IBS Hyderabad, The IFHE University Bhavik Parikh; St Francis Xavier University Ronald Spahr; University of Memphis
presented by: Ronald Spahr, University of Memphis
Discussant:   Lynn Kendall, University of Dallas
3. Costs of Illiquidity
By Chris Lawrey; University of South Alabama Kathleen P Fuller; University of Mississippi Matthew Hill; Arkansas State University
presented by: Chris Lawrey, University of South Alabama
Discussant:   Ronald Spahr, University of Memphis
Session ID 17: SESSION E Institutional Investors March 9, 2017 13:30 to 15:00 Izard (SHCC)
Session Chair: Jeff Hobbs, Appalachian State University
Session type: contributed
1. Institutional Underperformance: Should Managers Listen to the Sell-Side Before Trading?
By Jeff Hobbs; Appalachian State University Vivek Singh; University of Michigan, Dearborn
presented by: Jeff Hobbs, Appalachian State University
Discussant:   Jodonnis Rodriguez, Eastern Michigan University
2. The Heterogeneity of Institutional Ownership and Innovation in Japanese Firms
By Shingo Ide; NLI Research Institute S. Ghon Rhee; University of Hawaii Hitoshi Takehara; Waseda University
presented by: Hitoshi Takehara, Waseda University
Discussant:   Jeff Hobbs, Appalachian State University
3. Do Institutional Investors Avoid Women?
By Jodonnis Rodriguez; Eastern Michigan University Edward Lawrence; Florida International University
presented by: Jodonnis Rodriguez, Eastern Michigan University
Discussant:   Hitoshi Takehara, Waseda University
Session ID 18: SESSION F Credit Risk March 9, 2017 13:30 to 15:00 Miller (SHCC)
Session Chair: Monika Rabarison, The University of Texas Rio Grande Valley
Session type: contributed
1. Directors’ Networks and Firms’ Credit Ratings
By Bradley Benson; Ball State University Subramanian Iyer; University of New Mexico Kristopher kemper; Ball State University Jing Zhao; North Carolina State University
presented by: Subramanian Iyer, University of New Mexico
Discussant:   Monika Rabarison, The University of Texas Rio Grande Valley
2. Stock Market Reaction to Credit Rating Changes: Evidence from a Frontier Market
By Abu Amin; Central Michigan University
presented by: Abu Amin, Central Michigan University
Discussant:   Subramanian Iyer, University of New Mexico
3. Structural Limitation on the Informativeness of Credit Ratings: Less Signal, More Noise
By Jun Duanmu; Louisiana Tech University Garrett McBrayer; Boise State University
presented by: Garrett McBrayer, Boise State University
Discussant:   Abu Amin, Central Michigan University
4. How important is credit rating in corporate financing decisions?
By Bina Parajuli; The University of Texas Rio Grande Valley Monika Rabarison; The University of Texas Rio Grande Valley
presented by: Monika Rabarison, The University of Texas Rio Grande Valley
Discussant:   Garrett McBrayer, Boise State University
Session ID 19: SESSION G Doctoral Students Symposium March 9, 2017 13:30 to 15:00 Pope (SHCC)
All Ph.D. students registered for SWFA are required to participate. Panel presentation and open discussion of issues facing new faculty in finance. Panelists (representing several perspectives and stages of the academic career) share insights from experience. Topics include: getting and keeping a job; the tenure/promotion battle; publishing; becoming a “university citizen”; service to the profession; and others. The panel will entertain questions from participants. Moderator: James D. Philpot, Director of the Financial Planning Program, Missouri State University Our panelists are: Jeffrey Jones, Assistant Professor, Missouri State University M. Kabir Hassan, Editor of International Journal of Islamic and Middle Eastern Finance and Management and Professor, University of New Orleans Marilyn Wiley, Dean of the College of Business at University of North Texas Tarun K. Mukherjee, Editor of Review of Financial Economics and Professor, University of New Orleans R. Steve Sears, Dean & Killam Distinguished Professor, Texas A&M International University
Session type: panel
Session ID 20: SESSION A Merger and Acquisition 2 March 9, 2017 15:30 to 17:00 Fulton (SHCC)
Session Chair: Brian Walkup, The University of Tulsa
Session type: contributed
1. The Information Content of Form 8-K Disclosures for the Acquisitions of Privately-Held Targets by Public Acquirers
By Onur Bayar; University of Texas at San Antonio Sougata Das; Montana State University Billings
presented by: Sougata Das, Montana State University Billings
Discussant:   Brian Walkup, The University of Tulsa
2. Does Distance Matter in Mergers and Acquisitions?
By Patty Bick; University of Tulsa Matthew Crook; University of Tulsa Andrew Lynch; University of Mississippi Brian Walkup; The University of Tulsa
presented by: Brian Walkup, The University of Tulsa
Discussant:   Sougata Das, Montana State University Billings
Session ID 21: SESSION B Investor Behavior March 9, 2017 15:30 to 17:00 Caraway 1 (SHCC)
Session Chair: Cedric Mbanga, Missouri State University
Session type: contributed
1. DIVERSE CLIENTELE, INVESTOR ENTHUSIASM AND STOCK PRICE CLUSTERING IN THE PRESENCE OF HIGH FREQUENCY TRADERS
By Timo Rothovius; University of Vaasa
presented by: Timo Rothovius, University of Vaasa
Discussant:   Cedric Mbanga, Missouri State University
2. Catering to behavioral demand for dividends and its potential agency issue
By Mingsheng Li; Bowling Green State University
presented by: Mingsheng Li, Bowling Green State University
Discussant:   Timo Rothovius, University of Vaasa
3. Predicting SRI Return with Fundamentals and Sentiments
By Abdullah Noman; Nicholls State University Atsuyuki Naka; University of New Orleans Mahtab Athari; Cleveland State University
presented by: Mahtab Athari, Cleveland State University
Discussant:   Mingsheng Li, Bowling Green State University
4. Investor Sentiment and Aggregate Stock Returns: The Role of Investor Attention
By Cedric Mbanga; Missouri State University Ali Darrat; Louisiana Tech University Jung Chul Park; University of South Florida
presented by: Cedric Mbanga, Missouri State University
Discussant:   Mahtab Athari, Cleveland State University
Session ID 22: SESSION C CEO and Non-CEO Compensation March 9, 2017 15:30 to 17:00 Caraway 2 (SHCC)
Session Chair: YoungHa Ki, Widener University
Session type: contributed
1. Deferred CEO Compensation and Firm Investment Decisions
By YoungHa Ki; Widener University Tarun Mukherjee; University of New Orleans
presented by: YoungHa Ki, Widener University
Discussant:   Salil Sarkar, The University of Texas at Arlington
2. CEO Compensation Structure and Seasoned Equity Offerings: the Impact of Dodd-Frank Act
By Yi Zheng; Universiity of North Texas
presented by: Yi Zheng, Universiity of North Texas
Discussant:   YoungHa Ki, Widener University
3. Some Determinants of 249 Publicly Listed US Corporate Total CEO Compensation
By AKM Rahman; McNeese State University
presented by: AKM Rahman, McNeese State University
Discussant:   Yi Zheng, Universiity of North Texas
4. The Effects of Presidential Politics on CEO Compensation
By Humnath Panta; Brenau University Salil Sarkar; The University of Texas at Arlington
presented by: Salil Sarkar, The University of Texas at Arlington
Discussant:   AKM Rahman, McNeese State University
Session ID 23: SESSION D Real Estate 2 March 9, 2017 15:30 to 17:00 Caraway 3 (SHCC)
Session Chair: Minxing Sun, University of Memphis
Session type: contributed
1. Blight Indices and Neighborhood Blight Impact on Property Values
By Wei Sun; University of Memphis Ying Huang; University of South Alabama Mohamed Mohamed; University of Memphis / Zagazig University Ronald Spahr; University of Memphis Minxing Sun; University of Memphis Mark Sunderman; University of Memphis
presented by: Mark Sunderman, University of Memphis
Discussant:   Dimuthu Ratnadiwakara,
2. The Spatial Heterogeneity of the Time-varying Impact of Shocks on Volatility: Some Evidence from MSA Housing Markets
By Geoffrey Ngene; Mercer University daniel Sohn; Mercer University
presented by: Geoffrey Ngene, Mercer University
Discussant:   Carlos Slawson, LSU
3. Home Recovery After a Flood: From a Ride with the Cajun Navy to the Welcome Back Crawfish Boil
By Carlos Slawson; LSU Richard Rachal; Cook, Moore, and Associates
presented by: Carlos Slawson, LSU
Discussant:   Minxing Sun, University of Memphis
4. Impact of Information Asymmetry and Servicer Incentives on Foreclosure of Securitized Mortgages
By Dimuthu Ratnadiwakara
presented by: Dimuthu Ratnadiwakara,
Discussant:   daniel Sohn, Mercer University
Session ID 24: SESSION E Financial Education & Pedagogy 1 March 9, 2017 15:30 to 17:00 Izard (SHCC)
Session Chair: Susan Crain, Missouri State University
Session type: contributed
1. Developing Paper-based and Interactive Item Sets for an Introductory Investments Course
By Jeanne Bernui; Ohio University John Stowe; Ohio University
presented by: John Stowe, Ohio University
Discussant:   Julia Kwok, Northeastern State University
2. Does "Experience" Matter? Expertise and Voting Patterns in a Student-Managed Investments Program
By Larry Belcher; University of Indianapolis
presented by: Larry Belcher, University of Indianapolis
Discussant:   Susan Crain, Missouri State University
3. Online Versus Face-to-Face Course Learning Effectiveness: Measured Outcomes for Intermediate Financial Management
By Susan Crain; Missouri State University Kent Ragan; Missouri State University
presented by: Susan Crain, Missouri State University
Discussant:   Larry Belcher, University of Indianapolis
4. Effectiveness of Service-based Learning: Evidence from School-Based VITA Programs
By Julia Kwok; Northeastern State University Halil Kaya; Northeastern State University Elizabeth Rabe; Marathon Oil Company
presented by: Julia Kwok, Northeastern State University
Discussant:   John Stowe, Ohio University
Session ID 25: SESSION F Statistical Methods & Econometric Modeling March 9, 2017 15:30 to 17:00 Miller (SHCC)
Session Chair: Anthony Sanford, University of Washington
Session type: contributed
1. Recovery Theorem with a Multivariate Markov Chain
By Anthony Sanford; University of Washington
presented by: Anthony Sanford, University of Washington
Discussant:   Anandi Banerjee, University of Houston
2. Error-in-Variables and Tests of Asset Pricing Models
By Anandi Banerjee; University of Houston
presented by: Anandi Banerjee, University of Houston
Discussant:   Anthony Sanford, University of Washington
3. Information Share: A Bivariate Quantile Regression Approach
By Zijun Wang; University of Texas at San Antonio
presented by: Zijun Wang, University of Texas at San Antonio
Discussant:   Larry Holland, University of Arkansas at Little Rock
4. Maintaining Consistency in Multistage Valuation Models
By Larry Holland; University of Arkansas at Little Rock
presented by: Larry Holland, University of Arkansas at Little Rock
Discussant:   Zijun Wang, University of Texas at San Antonio
Session ID 26: SESSION G Panel on Finance Education: Past, Present and Future March 9, 2017 15:30 to 17:00 Pope (SHCC)
The study of finance is one of the most interesting and dynamic areas of study available in most schools of business. It is our job as educators to provide our students with a foundation of knowledge that best prepares them for the ever changing world of business. Students who complete a finance degree program are some of the most prepared and sought after students by many different types of employers from all over the world. The dynamic nature of finance requires us to be dynamic in our approach to finance education so that we insure that our students continue to be the best. What is the current state of finance education? What changes do we foresee going forward? The finance core course is very important for providing a foundation for all business students and recruitment of finance majors. Currently the following topics are very common to the core class; time value of money, bond valuation, stock valuation, capital budgeting, and risk and return. What topics in the core finance class are necessary for business majors and to adequately prepare finance majors for upper division classes? International? Working Capital Management? Should the introduction course be primarily corporate finance or a survey type course covering corporate finance, investments, and financial institutions and markets? We will discuss these issues and more. Moderator: Tom Johansen, Oklahoma State University Our panelists are: Jeffrey Whitworth, University of Houston – Clear Lake Kent Ragan Missouri State University William C. Hudson, St. Cloud State University
Session type: panel
Session ID 27: SESSION A Energy Price March 10, 2017 8:30 to 10:00 Fulton (SHCC)
Session Chair: harmeet singh, Texas A&M University Kingsville
Session type: contributed
1. Oil and Equity: Too Deep Into Each Other?
By Natalya (Natasha) Delcoure; Texas A&M University-Kingsville harmeet singh; Texas A&M University Kingsville
presented by: harmeet singh, Texas A&M University Kingsville
Discussant:   Alper Gormus, Texas A&M University, Commerce
2. Are the High-yield Bond and Stock Markets Really Similar? Evidence from Interactions with the Energy Markets
By Alper Gormus; Texas A&M University, Commerce
presented by: Alper Gormus, Texas A&M University, Commerce
Discussant:   Jinghua Carolyn Wang,
3. Symmetric and Asymmetric Nonlinear Causalities Between Oil Prices and the Economic Sectors: Some new Evidence from the U.S
By Jinghua Carolyn Wang Geoffrey Ngene; Mercer University
presented by: Jinghua Carolyn Wang,
Discussant:   Abdulrahman Alhassan, University of New Orleans
4. Oil Market Factors as a Source of Liquidity Commonality in Global Equity Markets
By Abdulrahman Alhassan; University of New Orleans Naka Atsuyuki; University of New Orleans
presented by: Abdulrahman Alhassan, University of New Orleans
Discussant:   harmeet singh, Texas A&M University Kingsville
Session ID 28: SESSION B Healthcare and Social Security March 10, 2017 8:30 to 10:00 Caraway 1 (SHCC)
Session Chair: Shawn McFarland, The University of Memphis
Session type: contributed
1. Identifying Cost Drivers for Rising U.S. Healthcare Costs
By Shawn McFarland; The University of Memphis Ronald Spahr; University of Memphis Mark Sunderman; University of Memphis
presented by: Shawn McFarland, The University of Memphis
Discussant:   Kirby Cundiff, University of Maryland University College
2. An Analysis of the Solvency and Future of the US Social Security System
By Kirby Cundiff; University of Maryland University College
presented by: Kirby Cundiff, University of Maryland University College
Discussant:   Chip Wade, University of Mississippi
3. Key Stakeholder’s Stock Returns and the Affordable Care Act
By Chip Wade; University of Mississippi
presented by: Chip Wade, University of Mississippi
Discussant:   Shawn McFarland, The University of Memphis
Session ID 29: SESSION C Capital Structure and Cost of Debt March 10, 2017 8:30 to 10:00 Caraway 2 (SHCC)
Session Chair: Shofiqur Rahman, New Mexico State University
Session type: contributed
1. Are Leases and Debt Substitutes? Evidence form Capital Structure Adjustment
By Shofiqur Rahman; New Mexico State University Harikumar Sankaran; New Mexico State University
presented by: Shofiqur Rahman, New Mexico State University
Discussant:   ADNAN ISIN, university of exeter
2. Tax Avoidance and Cost of Debt: The Case for Syndicate Risk Mitigation and Public Bond Markets
By ADNAN ISIN; university of exeter
presented by: ADNAN ISIN, university of exeter
Discussant:   Harikumar Sankaran, New Mexico State University
3. Board Centrality and Overinvestment in R&D : A Novel Analysis Using Research Quotient
By Subramanian Iyer; University of New Mexico Harikumar Sankaran; New Mexico State University
presented by: Harikumar Sankaran, New Mexico State University
Discussant:   Shofiqur Rahman, New Mexico State University
Session ID 30: SESSION D Employee Benefit, Innovation Efficiency and Valuation March 10, 2017 8:30 to 10:00 Caraway 3 (SHCC)
Session Chair: Trang Thai, University of Texas at Arlington
Session type: contributed
1. Employee Benefit Plans and Loans Contracts
By Neeru Chaudhry; Monash University
presented by: Neeru Chaudhry, Monash University
Discussant:   DuckKi Cho, Arizona State University
2. Does product market competition affect corporate innovation? A cross-country analysis
By Trang Thai; University of Texas at Arlington
presented by: Trang Thai, University of Texas at Arlington
Discussant:   Neeru Chaudhry, Monash University
3. Downward Wage Rigidity and Corporate Investment
By DuckKi Cho; Arizona State University
presented by: DuckKi Cho, Arizona State University
Discussant:   Trang Thai, University of Texas at Arlington
Session ID 31: SESSION E Mutual Funds and Hedge Funds March 10, 2017 8:30 to 10:00 Izard (SHCC)
Session Chair: Zachary A. Smith, Saint Leo University
Session type: contributed
1. 1+1=2? Evidence from Solo- and Team- Managed Mutual Fund
By Yanfei Sun; Auburn University Jitka Hilliard; Auburn University
presented by: Yanfei Sun, Auburn University
Discussant:   DAQI XIN, Rensselaer Polytechnic Institute
2. Peer Performance and Risk Attitude—a Study on Mutual Fund
By DAQI XIN; Rensselaer Polytechnic Institute
presented by: DAQI XIN, Rensselaer Polytechnic Institute
Discussant:   Yanfei Sun, Auburn University
3. On the Performance of Hedge Funds: A different explanation of performance manipulation
By Zachary A. Smith; Saint Leo University Muhammad Zubair Mumtaz; National University of Sciences & Technology
presented by: Zachary A. Smith, Saint Leo University
Discussant:   Zaur Rzakhanov, University of Massachusetts Boston
4. Competition, Scale and Hedge Fund Returns: Evidence from Merger Arbitrage
By Zaur Rzakhanov; University of Massachusetts Boston Gaurav Jetley; Analysis Group
presented by: Zaur Rzakhanov, University of Massachusetts Boston
Discussant:   Zachary A. Smith, Saint Leo University
Session ID 32: SESSION F Corporate Leadership March 10, 2017 8:30 to 10:00 Miller (SHCC)
Session Chair: Andrey Zagorchev, Rhodes College
Session type: contributed
1. An international study of the value implications of CEO external directorships
By Andrey Zagorchev; Rhodes College Jesus Salas; Lehigh University
presented by: Andrey Zagorchev, Rhodes College
Discussant:   Mark Swanstrom, Northwestern State University of Louisia
2. Diversity Leadership: Determinants and Performance Consequences
By Erik Devos; University of Texas at El Paso Gabriela Flores; Southwestern University Mohammad Karim; Marshall University Sayan Sarkar; University of Mary Washington
presented by: Sayan Sarkar, University of Mary Washington
Discussant:   Tarun Mukherjee, University of New Orleans
3. CEO ABILITY AND FIRM PERFORMANCE: STOCK MARKET AND JOB MARKET REACTIONS
By Tarun Mukherjee; University of New Orleans HUONG NGUYEN; University of Mount Olive
presented by: HUONG NGUYEN, University of Mount Olive
4. The Corporate Asset Tax: Its Effect on Capital Structure, Investment, and Tax Revenues
By Mark Swanstrom; Northwestern State University of Louisia
presented by: Mark Swanstrom, Northwestern State University of Louisia
Discussant:   Andrey Zagorchev, Rhodes College
Session ID 33: SESSION G Investment Strategy Consideration March 10, 2017 8:30 to 10:00 Pope (SHCC)
Session Chair: John Stowe, Ohio University
Session type: contributed
1. A study on one-day candlestick patterns in the Chinese stock market
By Tsung-Hsun Lu; CTBC College
presented by: Tsung-Hsun Lu, CTBC College
Discussant:   Zhilu Lin, University of Mississippi
2. The Application of a Simulated Trading Platform in International Finance
By Qian Li; Midwestern State University
presented by: Qian Li, Midwestern State University
Discussant:   John Stowe, Ohio University
3. Credit Union Strategic Groups
By David Stowe; Ohio University John Stowe; Ohio University
presented by: John Stowe, Ohio University
Discussant:   Tsung-Hsun Lu, CTBC College
4. Momentum and Information
By Zhilu Lin; University of Mississippi
presented by: Zhilu Lin, University of Mississippi
Discussant:   Qian Li, Midwestern State University
Session ID 34: SESSION A Financial Market Issues 1 March 10, 2017 10:30 to 12:00 Fulton (SHCC)
Session Chair: Michael Impson, University of North Texas
Session type: contributed
1. Pricing Efficiency and Market Transparency: Evidence from Corporate Bond Market
By Jia Chen; Peking University Ruichang Lu; Peking University
presented by: Jia Chen, Peking University
Discussant:   Michael Impson, University of North Texas
2. Order Imbalance Around Corporate Information Events
By Michael Impson; University of North Texas
presented by: Michael Impson, University of North Texas
Discussant:   Vijay Vishwakarma, St. Francis Xavier University
3. Examining Diversification Benefits in Latin American Countries: A Common Latent Factor Approach
By Vijay Vishwakarma; St. Francis Xavier University
presented by: Vijay Vishwakarma, St. Francis Xavier University
4. Why do Firms Offer Employee Benefit Plans?
By Neeru Chaudhry; Monash University
presented by: Neeru Chaudhry, Monash University
Session ID 35: SESSION B Dual-Class Firms and Asymmetric Information March 10, 2017 10:30 to 12:00 Caraway 1 (SHCC)
Session Chair: Adam Harper, University of Texas Arlington
Session type: contributed
1. Corporate Risk-Taking in Dual-Class Firms
By Brad Jordan; University of Kentucky Mark H. Liu; University of Kentucky Soohyung Kim; University of Wisconsin, La Crosse
presented by: Soohyung Kim, University of Wisconsin, La Crosse
Discussant:   Chun-Da Chen, Lamar University
2. B-shares’ Discount Puzzle in China: A Revisit of Dual-share Firms
By Chun-Da Chen; Lamar University Wanwei Tang; Lamar University
presented by: Chun-Da Chen, Lamar University
Discussant:   Soohyung Kim, University of Wisconsin, La Crosse
3. Option-Implied Information and Leveraged ETF
By Adam Harper; University of Texas Arlington Salil Sarkar; University of Texas at Arlington
presented by: Adam Harper, University of Texas Arlington
Discussant:   Mahsa Khoshnoud, University of Cetnral Florida
4. Informed Short Sale: Evidence form Economically Linked Firms
By Mahsa Khoshnoud; University of Cetnral Florida
presented by: Mahsa Khoshnoud, University of Cetnral Florida
Discussant:   Adam Harper, University of Texas Arlington
Session ID 36: SESSION C Earnings Management, Earnings Announcement and Ownership Structure March 10, 2017 10:30 to 12:00 Caraway 2 (SHCC)
Session Chair: Thomas Thompson, University of Texas at Arlington
Session type: contributed
1. An Examination of the Impact of Filings on Carve-out Parent Returns
By Thomas Thompson; University of Texas at Arlington
presented by: Thomas Thompson, University of Texas at Arlington
2. Self-fulfilling Distortion and Ownership Structure: At the Dawn of the Japanese Capitalism
By Masaki Nakabayashi; The University of Tokyo
presented by: Masaki Nakabayashi, The University of Tokyo
Discussant:   Mark Swanstrom, Northwestern State University of Louisia
3. Really Dirty Surplus as Evidence of Earnings Manipulation
By Mark Swanstrom; Northwestern State University of Louisia
presented by: Mark Swanstrom, Northwestern State University of Louisia
Session ID 37: SESSION D Credit Risk and Exchange Rates March 10, 2017 10:30 to 12:00 Caraway 3 (SHCC)
Session Chair: Jennifer Brodmann, University of New Orleans
Session type: contributed
1. Modeling Credit Risk in Credit Unions using Survival Analysis
By M. Kabir Hassan; University of New Orleans Blake Rayfield; University of New Orleans Jennifer Brodmann; University of New Orleans
presented by: Jennifer Brodmann, University of New Orleans
Discussant:   Shu-Hsiu Chen, University of Houston
2. Credit Ratings and Corporate Bond Liquidity
By Elmira Shekari Namin; University of Rhode Island
presented by: Elmira Shekari Namin, University of Rhode Island
3. Investment Returns and Currency Hedge for the Foreign Investments: Evidence from the Japanese Life Insurance Companies
By Shu-Hsiu Chen; University of Houston
presented by: Shu-Hsiu Chen, University of Houston
Session ID 38: SESSION E Financial Market Issues 2 March 10, 2017 10:30 to 12:00 Izard (SHCC)
Session Chair: Zhilu Lin, University of Mississippi
Session type: contributed
1. Canceled Orders and Executed Hidden Orders
By Zhilu Lin; University of Mississippi Bonnie Van Ness; University of Mississippi Robert Van Ness; University of Mississippi
presented by: Zhilu Lin, University of Mississippi
Discussant:   Xuan Zhang, State University of New York at Buffalo
2. The Spillover Effect of Municipal Bond Insurers on Uninsured Municipal Bonds
By Chunchi Wu; State University of New York at Buffalo Xuan Zhang; State University of New York at Buffalo
presented by: Xuan Zhang, State University of New York at Buffalo
Discussant:   Frank SanPietro, University of Memphis
3. Gentrification: A Market Microstructure Based Explanation of a Real Estate Sub Market
By Frank SanPietro; University of Memphis Mark Sunderman; University of Memphis
presented by: Frank SanPietro, University of Memphis
Discussant:   Zhilu Lin, University of Mississippi
Session ID 39: SESSION F Volatility, Portfolio Construction and Asset Pricing March 10, 2017 10:30 to 12:00 Miller (SHCC)
Session Chair: Andrew Lynch, University of Mississippi
Session type: contributed
1. Determinants of Arbitrage Capital
By Michael Gibbs; University of Missouri at Columbia, Trulaske College of Business Andrew Lynch; University of Mississippi Khaled Obaid; University of Missouri Kuntara Pukthuanthong; University of Missouri
presented by: Khaled Obaid, University of Missouri
Discussant:   Ludwig Chincarini, University of San Francisco
2. Volatility Jump Risk in the Cross-Section of Stock Returns
By Yu Li; University of Houston
presented by: Yu Li, University of Houston
Discussant:   Andrew Lynch, University of Mississippi
3. Portfolio Construction and Crowding
By Salvatore Bruno; IndexIQ Ludwig Chincarini; University of San Francisco Jesse Davis; Incapture Investments Frank Ohara; University of San Francisco
presented by: Ludwig Chincarini, University of San Francisco
Discussant:   Peter Ren, University of Houston-Downtown
4. Correlations among Different Moving Average Trading Rules on Buy/Sell Decisions
By Peter Ren; University of Houston-Downtown Louie Ren; University of Houston-Victoria
presented by: Peter Ren, University of Houston-Downtown
Discussant:   Yu Li, University of Houston
Session ID 40: SESSION G Measuring and Managing Risk March 10, 2017 10:30 to 12:00 Pope (SHCC)
Session Chair: Yuanshan Cheng, Winthrop University
Session type: contributed
1. Hedging of a Portfolio of Rainfall Insurances using Rainfall bonds and European Call Options (Bull Spread)
By Anand Shah; Tata Consultancy Services (TCS)
presented by: Anand Shah, Tata Consultancy Services (TCS)
2. The Endogeneity of Trading Volume in Stock and Bond Returns: Instrumental Variable Approach
By Ehab Yamani; Jackson State University
presented by: Ehab Yamani, Jackson State University
3. Lost in Fees: An Analysis of Financial Planning Compensation
By Yuanshan Cheng; Winthrop University
presented by: Yuanshan Cheng, Winthrop University
Discussant:   Ehab Yamani, Jackson State University
Session ID 41: SESSION A Chinese Financial Reforms March 10, 2017 13:45 to 15:15 Fulton (SHCC)
Session Chair: Michelle Zemel, Pomona College
Session type: contributed
1. The Short Term Effects of the Liberalization of the Chinese Stock Market on Returns and Volatility
By Michelle Zemel; Pomona College
presented by: Michelle Zemel, Pomona College
Discussant:   Olivia Chen,
2. Is China's Housing Price Rational?
By Olivia Chen
presented by: Olivia Chen,
Discussant:   Haoran Zhang, Auburn University
3. The Chinese SSE 50 ETF Option: An Overview
By Jimmy Hilliard; Auburn University Haoran Zhang; Auburn University
presented by: Haoran Zhang, Auburn University
Discussant:   Michelle Zemel, Pomona College
Session ID 42: SESSION C Securitization, Insurance and Enterprise Risk Management March 10, 2017 13:45 to 15:15 Caraway 2 (SHCC)
Session Chair: Jizhe Zhang, University of Mississippi
Session type: contributed
1. Competition and Performance of Diversified Insurance Companies: Evidence from the Property-Liability Insurance Industry
By Jizhe Zhang; University of Mississippi
presented by: Jizhe Zhang, University of Mississippi
Discussant:   Andreas Kakolyris, Graduate Center, CUNY
2. Correlation aversion and insurance demand
By Christos Giannikos; Baruch College Andreas Kakolyris; Graduate Center, CUNY
presented by: Andreas Kakolyris, Graduate Center, CUNY
Discussant:   Chip Wade, University of Mississippi
3. The Effect of Mass Shooting Incidents on Perceived Mortality Risk: Evidence from Life Insurance Markets
By Chip Wade; University of Mississippi
presented by: Chip Wade, University of Mississippi
Discussant:   Kandarp Srinivasan, Washington University in St. Louis
4. The Securitization Flash Flood
By Kandarp Srinivasan; Washington University in St. Louis
presented by: Kandarp Srinivasan, Washington University in St. Louis
Discussant:   Jizhe Zhang, University of Mississippi
Session ID 43: SESSION E Issues in Corporate Finance 1 March 10, 2017 13:45 to 15:15 Izard (SHCC)
Session Chair: Dishant Pandya, Spalding University
Session type: contributed
1. Effects of Firm Characteristics on Board Independence and Firm Performance Post New Exchange Listed Regulation of 2002
By Dishant Pandya; Spalding University
presented by: Dishant Pandya, Spalding University
Discussant:   Phyllis Keys, Morgan State University
2. Does the Hospitality Industry Welcome Diversity?
By Phyllis Keys; Morgan State University
presented by: Phyllis Keys, Morgan State University
Discussant:   Bill Hu, Arkansas State University
3. Price Clustering of Chinese IPOs
By Bill Hu; Arkansas State University
presented by: Bill Hu, Arkansas State University
Discussant:   Dishant Pandya, Spalding University
Session ID 44: SESSION F Political Activity and Its Effects 2 March 10, 2017 13:45 to 15:15 Miller (SHCC)
Session Chair: Kam Chan, Western Kentucky University
Session type: contributed
1. Board Links and Firm Performance: Evidence from China
By Yu Liu; University of Texas / Rio Grande Valley Feixue Xie; University of Texas, El Paso Zhenning Xu; University of Southern Maine
presented by: Yu Liu, University of Texas / Rio Grande Valley
Discussant:   Omer UNSAL, University of New Orleans
2. Independent Director Connectedness in China: An Examination of the Trade Credit Financing Hypothesis
By Chunfang Cao; Southwestern University of Finance and Economics Kam Chan; Western Kentucky University Changyuan Xia; Southwestern University of Finance and Economics NAN XU; Southwestern University of Finance and Economics
presented by: Kam Chan, Western Kentucky University
Discussant:   Yu Liu, University of Texas / Rio Grande Valley
3. Corporate Lobbying and Labor Relations Evidence From Employee Level Litigations
By M. Kabir Hassan; University of New Orleans Omer UNSAL; University of New Orleans Duygu Zirek; University of New Orleans
presented by: Omer UNSAL, University of New Orleans
Discussant:   Kam Chan, Western Kentucky University
Session ID 45: SESSION G Current Issues in Real Estate Portfolio Investment and REITs March 10, 2017 13:45 to 15:15 Pope (SHCC)
Three researchers currently involved in research about real estate portfolios and REITs will discuss issues that they feel are on the forefront of research in real estate investment today. Participants: Brad Case, Senior Vice President for Research, National Association of Real Estate Investment Trusts Dan W. French, Director, Jeffrey E. Smith Institute of Real Estate, University of Missouri - Columbia Stace Sirmans, Sam M. Walton College of Business, University of Arkansas
Session Chair: Dan French, University of Missouri
Session type: contributed
Session ID 46: SESSION A Financial Education & Pedagogy 2 March 10, 2017 15:30 to 17:00 Fulton (SHCC)
Session Chair: William Hudson, St. Cloud State University
Session type: contributed
1. A Classroom Demonstration of a Colleteralized Debt Obligation Valuation
By William Hudson; St. Cloud State University
presented by: William Hudson, St. Cloud State University
Discussant:   Pinshuo Wang, Northeastern University
2. The Cost of Financing Education: Can Student Debt Hinder Entrepreneurship?
By Karthik Krishnan; Northeastern University Pinshuo Wang; Northeastern University
presented by: Pinshuo Wang, Northeastern University
Discussant:   William Hudson, St. Cloud State University
Session ID 47: SESSION B Social Responsibility, Social Performance and Regulation March 10, 2017 15:30 to 17:00 Caraway 1 (SHCC)
Session Chair: Lifa Huang, Walton College, University of Arkansas
Session type: contributed
1. Tournament Behavior under High-Water Marks: Evidence from Social Trading Networks
By Philipp Doering; Ruhr-Universität Bochum Alexander Jonen; Helmut Schmidt University
presented by: Philipp Doering, Ruhr-Universität Bochum
Discussant:   Lifa Huang, Walton College, University of Arkansas
2. Certification effect of third party on decision of government regulatory bailouts
By Zagdbazar Davaadorj; Texas A&M International University
presented by: Zagdbazar Davaadorj, Texas A&M International University
Discussant:   Philipp Doering, Ruhr-Universität Bochum
3. The Impact of the Financial Services Modernization Act on Systemic Risk in Financial Institutions
By Lifa Huang; Walton College, University of Arkansas Wayne Lee; Walton College of Business Timothy Yeager; University of Arkansas
presented by: Lifa Huang, Walton College, University of Arkansas
Discussant:   Zagdbazar Davaadorj, Texas A&M International University
Session ID 48: SESSION D Issues in Investments March 10, 2017 15:30 to 17:00 Caraway 3 (SHCC)
Session Chair: Xianwu Zhang, Texas Tech University
Session type: contributed
1. Are Separately Managed Accounts Efficient? A Comparison Study with Other Investment Alternatives
By Xianwu Zhang; Texas Tech University
presented by: Xianwu Zhang, Texas Tech University
Discussant:   Filipe Albuquerque, Birkbeck College, University of London
2. Term Spreads and Investors' Preferred Habitats in the US Treasury Yield Curve
By Filipe Albuquerque; Birkbeck College, University of London
presented by: Filipe Albuquerque, Birkbeck College, University of London
Discussant:   Shen Zhang, Auburn University
3. Flows of Funds and Investor Sentiment
By Shen Zhang; Auburn University Jitka Hilliard; Auburn University Arun Narayanasamy; Just Energy
presented by: Shen Zhang, Auburn University
Discussant:   samar ashour, University of texas at arlington
4. Style Investing and IPO return predictability
By samar ashour; University of texas at arlington
presented by: samar ashour, University of texas at arlington
Discussant:   Xianwu Zhang, Texas Tech University
Session ID 49: SESSION E Issues in Corporate Finance 2 March 10, 2017 15:30 to 17:00 Izard (SHCC)
Session Chair: Jian Liu, University of Exeter
Session type: contributed
1. Sources of Financing in Different Forms of Corporate Liquidity and the Performance of M&As
By Zhenxu Tong; University of Exeter Jian Liu; University of Exeter
presented by: Jian Liu, University of Exeter
Discussant:   Hui Xu, University of Illinois
2. (How) Do Equity Capital Requirements Affect Banks' Cost of Capital?
By Saad Alnahedh; University of Colorado Boulder
presented by: Saad Alnahedh, University of Colorado Boulder
Discussant:   Jian Liu, University of Exeter
3. Scooping Up Own Debt On the Cheap: The Effect Of Corporate Bonds Buyback on Firm's Credit Condition
By Hui Xu; University of Illinois
presented by: Hui Xu, University of Illinois
Discussant:   Albert Williams, Nova Southeastern University
4. Financial Differences between Chapter 13 and Non-Chapter 13 Debtors in the Middle District of North Carolina
By Scott Kehiaian; Nova Southeastern University Albert Williams; Nova Southeastern University Carolyn Bird; North Carolina State University
presented by: Albert Williams, Nova Southeastern University
Discussant:   Saad Alnahedh, University of Colorado Boulder
Session ID 50: SESSION F Cost of Debt, Sovereign Debt and Risk March 10, 2017 15:30 to 17:00 Miller (SHCC)
Session Chair: Stace Sirmans, University of Arkansas
Session type: contributed
1. The Choice of Debt Financing Source and Proprietary Information
By HyunJun Na; Tulane University
presented by: HyunJun Na, Tulane University
Discussant:   Julia Kwok, Northeastern State University
2. The Proprietary Information and the Cost of Debt
By HyunJun Na; Tulane University
presented by: HyunJun Na, Tulane University
Discussant:   Stace Sirmans, University of Arkansas
3. Financial Development and Economic Growth in Africa
By Tibebe Assefa; Bowie State University Andre Mollick; Univ of Texas Rio Grande Valley
presented by: Tibebe Assefa, Bowie State University
Discussant:   HyunJun Na, Tulane University
4. Sovereign Overhang and the Integration of Equity and Credit Markets Around the World
By Jongsub Lee; University of Florida Andy Naranjo; University of Florida Stace Sirmans; University of Arkansas
presented by: Stace Sirmans, University of Arkansas
Discussant:   Tibebe Assefa, Bowie State University
Session ID 51: SESSION G Stipend Payments to Doctoral Students March 10, 2017 15:30 to 17:00 Pope (SHCC)
Session Chairs:
1. Thomas Thompson, University of Texas at Arlington
2. Susana Yu, Montclair State University
Session type: panel

 

This program was last updated on 2018-01-27 08:28:07 EDT