Summary of All Sessions |
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Click here for an index of all participants |
66 sessions, 262 papers, and 0 presentations with no associated papers |
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2013 China International Conference in Finance |
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Detailed List of Sessions |
| Session ID 50: Capital Raising and Capital Structure July 11, 2013 8:30 to 10:00 |
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| Session Chair: Sudipto Dasgupta, Hong Kong Univ. of Science and Technolog |
| Bank Lending Relationships and the Use of Performance-Sensitive Debt |
| By Tim Adam; Humboldt University Daniel Streitz; Humboldt University |
| Discussant: Zexi Wang, Swiss Finance Institute, Univ. of Zurich |
| Legal Institutions and Capital Raising Activities of Newly Public Firms |
| By Azizjon Alimov; City University of Hong Kong Michael Hertzel; ASU |
| Discussant: Fangjian Fu, Singapore Management University |
| Operating Inflexibility, Profitability and Capital Structure |
| By Zhiyao Chen; University of Reading Jarrad Harford; University of Washington Avraham Kamara; University of Washington |
| Discussant: Xueping Wu, City University of Hong Kong |
| Session ID 17: Mutual Funds July 11, 2013 8:30 to 10:00 |
| Session Chair: Lu Zheng, university of california, irvine |
| The Mutual Fund Industry Worldwide: Explicit and Closet Indexing, Fees, and Performance |
| By Pedro Matos; University of Virginia - Darden |
| Discussant: Tong Yao, University of Iowa |
| Governance and Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds |
| By Youchang Wu; University of Wisconsin - Madison Russ Wermers; University of Maryland Josef Zechner; Vienna University of Economics and Business |
| Discussant: Jay Wang, University of Oregon |
| The Predictability of Managerial Heterogeneities in Mutual Funds |
| By Jun Huang; Shanghai University of Finance and Economics Yan Wang; Chinese University of Hong Kong |
| Discussant: Meijun Qian, National University of Singapore |
| Excess Autocorrelation and Mutual Fund Performance |
| By Xi Dong; INSEAD Massimo Massa; INSEAD |
| Discussant: Li Yong, Mercy College |
| Session ID 21: Market Liquidity July 11, 2013 8:30 to 10:00 |
| Session Chair: Jennifer Huang, UT-Austin |
| Liquidity Shocks and Stock Market Reactions |
| By Turan Bali; Georgetown University Lin Peng; Baruch College, City University of New Y Yannan Shen; Baruch College Yi Tang; Fordham University |
| Discussant: Gang Xiao, Renmin University of China |
| The Illiquidity Premium: International Evidence |
| By Yakov Amihud; NYU - Stern School Allaudeen Hameed; National University of Singapore Wenjin Kang; National University of Singapore Huiping Zhang; SHUFE |
| Discussant: Tilan Tang, Clemson University |
| Identifying Cross-Sided Liquidity Externalities |
| By Johannes Skjeltorp; Norges Bank Elvira Sojli; Erasmus University of Rotterdam Wing Wah Tham; Erasmus University of Rotterdam |
| Discussant: ying wu, Cornell University |
| Liquidity Premium in the Eye of Beholder: An Analysis of the Clientele E ect in the Corporate Bond Market |
| By Jingzhi Huang; Penn State University Zhenzhen Sun; Siena College Tong Yao; University of Iowa Tong Yu; University of Rhode Island |
| Discussant: Song Han, Federal Reserve Board |
| Session ID 32: The Cross Section of Asset Returns July 11, 2013 8:30 to 10:00 |
| Session Chair: Xiaoyan Zhang, Purdue University |
| Digesting Anomalies: An Investment Approach |
| By Kewei Hou; The Ohio State University Chen Xue; University of Cincinnati Lu Zhang; The Ohio State University |
| Discussant: Jialin Yu, Hong Kong University of Science and Technology |
| Trends in the Cross-Section of Expected Stock Returns |
| By Tarun Chordia; Goizueta Business School Avanidhar Subrahmanyam; UCLA Anderson Qing Tong; Singapore Management University |
| Discussant: Nan Li, National University of Singapore, NUS Business School |
| Informed Trading and Expected Returns |
| By James Choi; Yale School of Management Li Jin; Harvard University Hongjun Yan; Yale University |
| Discussant: Roger Loh, Singapore Management University |
| Trend Factor: A New Determinant of Cross-Section Stock Returns |
| By Yufeng Han; University of Colorado Guofu Zhou; Olin School of Business |
| Discussant: Fuwei Jiang, Singapore Management University |
| Session ID 44: 银行与信贷 July 11, 2013 8:30 to 10:00 |
| Session Chair: Qinghua Song, Zhongnan University of Economics and Law |
| 持股金融机构、融资约束与企业现金储备 |
| By Song Zhu; Beijing Normal University |
| Discussant: Lulu Gu, 中南财经政法大学 |
| 银企关系差异与IPO抑价：基于中国上市公司的实证分析 |
| By Xiangchao Hao; Nankai University |
| Discussant: xin chen, Shanghai Jiao Tong University |
| 中国上市银行系统性风险及其影响因素研究 |
| By Jing Lu; Chongqing University |
| Discussant: 江林 吕, 江西财经大学 |
| 我国银行业系统性风险研究——基于拓展的未定权益分析法 |
| By 恒煜 吴; 西南财经大学 锡亮 胡; 西南财经大学 江林 吕; 江西财经大学 |
| Discussant: Jing Lu, Chongqing University |
| Session ID 55: Theoretical Corporate Finance July 11, 2013 8:30 to 10:00 |
| Session Chair: Neng Wang, Columbia Business School |
| Agency, Firm Growth, and Managerial Turnover |
| By Ron Anderson; LSE Cecilia Bustamante; LSE Stephane Guibaud; London School of Economics |
| Discussant: John Zhu, Wharton |
| Delegated Investment in a Dynamic Agency Model |
| By Florian Hoffmann; Goethe University Frankfurt Sebastian Pfeil; Goethe University Frankfurt |
| Discussant: Wei Cui, Princeton |
| A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment |
| By Hengjie Ai; University of Minnesota Dana Kiku; The Wharton School, UPenn Rui Li; University of Wisconsin Madison |
| Discussant: Nengjiu Ju, SAIF, Shanghai Jiaotong University |
| Optimality of Debt under Flexible Information Acquisition |
| By Ming Yang; Duke University |
| Discussant: Haoxiang Zhu, MIT |
| Session ID 6: 资产定价 July 11, 2013 10:30 to 12:00 |
| Session Chair: Zheng Zhenlong, Xiamen Univerisity |
| 住宅属性、基础教育资源与购房者意愿价格——基于北京、上海、广州、深圳52个区县的数据分析 |
| By Zhongfei Li; Sun Yat-sen University Hao Zhang; Sun Yat-sen University ; |
| Discussant: Liyan Han, BeiHang University SEM |
| 中国股市流动性的风险结构 |
| By Yulong Zhang; GuangHua School of Management, PKU |
| Discussant: Rong Chen, Xiamen University |
| 基于Bass 随机扩散模型的文化资产证券化定价研究 |
| By Hongduo Cao; SYSBS, SUN YAT-SEN University Ying Li; Sun Yat-Sen University |
| Discussant: Wei Hu, Curtin University of Technology |
| 现金流信息、现金流风险与股票收益定价研究-基于中国股票市场的检验 |
| By Su Chengjian; Guizhou University of Economics and Fina |
| Discussant: Zhongfei Li, Sun Yat-sen University |
| Session ID 8: Integrated Financial Management July 11, 2013 10:30 to 12:00 |
| Session Chair: Pengjie Gao, University of Notre Dame |
| As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes |
| By Florian Heider; European Central Bank Alexander Ljungqvist; New York University |
| Discussant: Clemens Sialm, University of Texas at Austin and NBER |
| Rational Financial Management: Evidence from SEOs |
| By Michael Barclay; University of Rochester Fangjian Fu; Singapore Management University Clifford W. Smith; University of Rochester |
| Discussant: Dirk Hackbarth, Boston University |
| Cost Structure and Capital Structure |
| By DU Qianqian; stavanger university Laura Xiaolei Liu; Hong Kong University of Sci. & Tech. Rui Shen; Erasmus University |
| Discussant: Jaewon Choi, University of Illinois |
| Growth Uncertainty and the Persistence of Investment and Financial Policies |
| By Xueping Wu; City University of Hong Kong Anson, Chau Kin Au Yeung; Chinese University of Hong Kong |
| Discussant: Yaxuan Qi, City University of Hong Kong |
| Session ID 11: Macroeconomics and Finance July 11, 2013 10:30 to 12:00 |
| Session Chair: Zhi Da, University of Notre Dame |
| Wage Rigidity: A Solution to Several Asset Pricing Puzzles |
| By Jack Favilukis; London School of Economics Xiaoji Lin; The Ohio State University |
| Discussant: Erica Li, CKGSB |
| Equilibrium Growth, Inflation, and Bond Yields |
| By Howard Kung; University of British Columbia |
| Discussant: Xiaoji Lin, The Ohio State University |
| Risk Aversion Sensitive Real Business Cycles |
| By Zhanhui Chen; Nanyang Technological University Ilan Cooper; Norwegian Business School and Tel Aviv U Paul Ehling; BI, Norwegian Business School Costas Xiouros; Norwegian School of Management BI |
| Discussant: Jun Li, University of Texas at Dallas |
| Dividend Policy, Investment, and Stock Returns |
| By Hwagyun Kim; Texas A&M University |
| Discussant: Wei Yang, Indiana University |
| Session ID 20: International Equity Investment July 11, 2013 10:30 to 12:00 |
| Session Chair: David Ng, Cornell University |
| The Dark Side of ETF Investing: A World-Wide Analysis |
| By Si Cheng; National University of Singapore Massimo Massa; INSEAD Hong Zhang; INSEAD |
| Discussant: Youchang Wu, University of Wisconsin - Madison |
| Does Institutional Ownership Matter for International Stock Return Comovement? |
| By Miguel Ferreira; Nova School of Business and Economics Pedro Matos; University of Virginia - Darden |
| Discussant: ying wu, Cornell University |
| Frequent-but-Small and Infrequent-but-Large Return Asymmetries in International Equity Markets |
| By Bruno Solnik; Hong Kong University of Science and Technology Thaisiri Watewai; Chulalongkorn University |
| Discussant: Zhaogang Song, Federal Reserve Board of Governors |
| Country-Specific Attention and Security Returns |
| By Qinghao Mao; Erasmus University K.C. John Wei; Hong Kong University of Science and Technology |
| Discussant: Yu Yuan, Shanghai Advanced Institute of Finance |
| Session ID 43: Monitoring, Risk Taking, and Bailouts July 11, 2013 10:30 to 12:00 |
| Session Chair: Nandini Gupta, Indiana University |
| Creditor Governance through Loan-to-Loan and Loan-to-Own |
| By Kai Li; Sauder School of Business, University of Wei Wang; Queen's University |
| Discussant: Yuejuan Yu, Tilburg University |
| Hedge Fund Activists: Do They Take Cues from Institutional Exit? |
| By Pab Jotikasthira; University of North Carolina Chapel Hill |
| Discussant: Yong Chen, Texas A&M University |
| Risk-taking by banks: What did we know and when did we know it? |
| By Sugato Bhattacharyya; Ross School of Business, University of Michigan Amiyatosh Purnanandam; Ross School of Business, University of M |
| Discussant: Yifei Mao, Indiana University |
| Shareholder Empowerment and Bank Bailouts |
| By Daniel Ferreira; London School of Economics David Kershaw; LSE Tom Kirchmaier; Manchester U. Edmund-Philipp Schuster; LSE |
| Discussant: Abhiroop Mukherjee, HKUST |
| Session ID 64: Managerial Pay, Incentives, and Turnover July 11, 2013 10:30 to 12:00 |
| Session Chair: Garry Twite, University of Texas, Austin |
| Holding On For Good Times: The Information Content of the CEO's Voluntary Equity Exposure |
| By Tao Chen; The Chinese University of Hong Kong Vidhi Chhaochharia; University of Miami Rik Sen; Hong Kong University of Science and Technology |
| Discussant: Huasheng Gao, Nanyang Technological University |
| Does Improved Disclosure Lead to Higher Executive Compensation? – Evidence from Two Opposing Accounting and Auditing Standards Rule Changes |
| By Jun Lu; Central University of Finance and Economics, Beijing, China Zhen Shi; Georgia State University |
| Discussant: Qiaoqiao Zhu, Australian National University |
| Corporate Governance and CEO Turnover: Insights from Private Firms |
| By Huasheng Gao; Nanyang Technological University Jarrad Harford; University of Washington Kai Li; University of British Columbia |
| Discussant: Rik Sen, Hong Kong University of Science and Technology |
| Performance share plans: Valuation and optimal design |
| By Daniel Kim; Peking University |
| Discussant: Garry Twite, University of Texas, Austin |
| Session ID 13: Optimal Portfolio Choice July 11, 2013 14:45 to 16:15 |
| Session Chair: Hong Liu, Washington University in St. Louis |
| Unemployment Risks and Optimal Retirement in an Incomplete Market |
| By Bong-Gyu Jang; POSTECH |
| Discussant: Mark Loewenstein, University of Maryland |
| Implicit Incentives of Mutual Fund Flows and Liquidity Premia |
| By Min Dai; National University of Singapore Luis Goncalves-Pinto; National University of Singapore Jing Xu; National University of Singapore |
| Discussant: Yang Zhou, Tilburg University |
| Defined Contribution Pension Plans: Sticky or Discerning Money? |
| By Clemens Sialm; University of Texas at Austin and NBER Laura Starks; University of Texas at Austin Hanjiang Zhang; Nanyang Technological University |
| Discussant: Zhi Da, University of Notre Dame |
| Duality approaches to robust portfolio choice with ambiguity aversion to jump risks |
| By Xudong Zeng; Shanghai Univ. of Finance and Economics |
| Discussant: Hening Liu, University of Manchester |
| Session ID 7: 机构投资者 July 11, 2013 14:45 to 16:15 |
| Session Chair: Xinge Zhao, CEIBS |
| 询价制度改革与中国股市IPO“三高”问题——基于网下机构投资者报价视角的研究 |
| By 红海 俞; 南京大学 |
| Discussant: Ya Tang, Peking University |
| 机构投资者羊群行为与股价崩盘风险 |
| By Nianhang Xu; Renmin University of China Shangyao Yu; 中国人民大学商学院 Zhihong Yi; 中国人民大学商学院 |
| Discussant: Dayong Zuo, 上海财经大学 |
| 机构和个人投资者行为的比较研究——基于开放式基金投资者的分析 |
| By Dayong Zuo; 上海财经大学 Rong Lu; 上海财经大学 |
| Discussant: Hua Zhang, China Europe International Business School (CEIBS) |
| 营销投入与基金资金流动——基于中国开放式基金的经验证据 |
| By Zhisheng Li; Zhongnan University of Economics and Law Qian Xu; Zhongnan University of Economics and Law Chun Liu; Tsinghua University |
| Discussant: Shu Tian, Fudan University |
| Session ID 23: Monetary Policy and Asset Pricing July 11, 2013 14:45 to 16:15 |
| Session Chair: Jun Liu, UCSD |
| What do Nominal Rigidities and Monetary Policy tell us about the Real Yield Curve? |
| By Francisco Palomino; University of Michigan |
| Discussant: Canlin Li, Federal Reserve Board |
| The Economics of Policymaking: Theory and Evidence in the Dynamics of Interest Rates |
| By Swee Sum Lam; National University of Singapore Tao Li; City University of Hong Kong Weina Zhang; National University of Singapore |
| Discussant: Nengsheng Fang, Southwestern University of F and E |
| Estimating Monetary Policy Rules with General Equilibrium Constraints |
| By Casper de Vries; Erasmus University Rotterdam Wei Li; Erasmus University Rotterdam |
| Discussant: Jingyi Zhang, SAIF |
| Session ID 79: Liquidity, Cash Holding and Financial Constraints July 11, 2013 14:45 to 16:15 |
| Session Chair: Sugato Bhattacharyya, Ross School of Business, University of Michigan |
| Why does cash coexist with unused lines of credit? |
| By Qi Sun; University of Southern California |
| Discussant: zhiwei Xu, HKUST |
| Firms’ cash holdings and uncertainty |
| By Ruoran Gao; Cornell University Yaniv Grinstein; Cornell University |
| Discussant: Zhen Wang, Shanghai University of Finance and Economics |
| Short sellers, institutional investors, and corporate cash holdings |
| By Zexi Wang; Swiss Finance Institute, Univ. of Zurich |
| Discussant: Tomislav Ladika, University of Amsterdam |
| Corporate Cash Hoarding: The Role of Just-in-Time Adoption |
| By Xiaodan Gao; University of British Columbia |
| Discussant: Limin Xu, Nanyang Technological University |
| Session ID 56: Mergers and Acquisitions I July 11, 2013 14:45 to 16:15 |
| Session Chair: Kai Li, Sauder School of Business, University of |
| The Role of Technological Synergy in Mergers and Acquisitions |
| By James Ang; Florida State University Chaopeng Wu; Xiamen University |
| Discussant: Jan Bena, University of British Columbia |
| Do Banks Monitor Corporate Decisions? Evidence from Bank Financing of Mergers and Acquisitions |
| By Sheng Huang; Singapore Management University Ruichang Lu; National University of Singapore Anand Srinivasan; National University of Singapore |
| Discussant: Pei Shao, University of Lethbridge |
| Worker-Manager Alliance and Shareholder Returns from Acquisitions |
| By Fei Xie; Clemson University |
| Discussant: Huasheng Gao, Nanyang Technological University |
| Cross-Border Mergers and Acquisitions: The Role of Private Equity Firms |
| By Mark Humphery-Jenner; University of New South Wales Zacharias Sautner; University of Amsterdam Jo-Ann Suchard; University of New South Wales |
| Discussant: Pedro Matos, University of Virginia - Darden |
| Session ID 72: Financial Intermediary Capital July 11, 2013 14:45 to 16:15 |
| Session Chair: Dirk Hackbarth, Boston University |
| On the Design of Contingent Capital with Market Trigger |
| By Zhenyu Wang; Indiana University Kelley School of Busi |
| Discussant: Tianxi Wang, University of Essex |
| Bank competition and leverage adjustments |
| By Fuxiu Jiang; Renmin University of China Zhan Jiang; Shanghai Jiao Tong University Jicheng Huang; Renmin University of China Kenneth Kim; Renmin University of China |
| Discussant: Vyacheslav Fos, University of Illinois at Urbana-Champaign |
| Lend Out What You Do Not Have Yet: A Model of Banking and (Unconventional) Central Banking |
| By Tianxi Wang; University of Essex |
| Discussant: Andrea M. Buffa, Boston University |
| Contingent capital with repeated interconversion between debt and equity |
| By Zhaojun Yang; Hunan University Zhiming Zhao; Hunan University |
| Discussant: Pab Jotikasthira, University of North Carolina Chapel Hill |
| Session ID 18: Derivative Securities July 11, 2013 16:45 to 18:15 |
| Session Chair: Charles Cao, Penn State University |
| Jump Intensities, Jump Sizes, and the Relative Stock Price Level |
| By Chu Zhang; Hong Kong Univ. of Science & Technology |
| Discussant: George Jiang, Washington State University |
| Dynamic Jump Intensities and Risk Premia in Crude Oil Futurs and Options Markets |
| By Bingxin Li; University of Houston |
| Discussant: Xingguo Luo, Zhejiang University |
| Model Specification and Time-varying Jump Intensity: Evidence from S&P500 Returns and Options |
| By Dan Luo; SHUFE |
| Discussant: Yintian Wang, Tsinghua University |
| Does option trading convey stock price information? |
| By Jianfeng Hu; Baruch College |
| Discussant: Shu Yan, University of South Carolina |
| Session ID 30: Information and Securities Prices July 11, 2013 16:45 to 18:15 |
| Session Chair: Liyan Yang, Joseph L. Rotman School of Management |
| Have Financial Markets Become More Informative? |
| By Jennie Bai; Federal Reserve Bank of New York Thomas Philippon; NEW YORK UNIVERSITY Alexi Savov; New York University Stern School of Busi |
| Discussant: Pengjie Gao, University of Notre Dame |
| Information Leakage and Wealth Transfer in a Connected World |
| By Wenli Huang; Boston University Hai Lu; University of Toronto Xiaolu Wang; Iowa State University |
| Discussant: Yu Yuan, Shanghai Advanced Institute of Finance |
| Strategic Informed Trades, Diversification, and Expected Returns |
| By Jun Liu; UCSD |
| Discussant: Liyan Yang, Joseph L. Rotman School of Management |
| Institutional Investors and Equity Prices: Information, Price Impact and Arbitrage |
| By bing han; University of Toronto Dongmin Kong; Huazhong University of Science and Technology |
| Discussant: Jun Li, University of Texas, Dallas |
| Session ID 31: Currency and Exchange Rates July 11, 2013 16:45 to 18:15 |
| Session Chair: Vivian Yue, Federal Reserve Board of Governors |
| Currency Premia and Global Imbalances |
| By Pasquale Della Corte; Imperial College London |
| Discussant: David Ng, Cornell University |
| Currency Carry Trades and Funding Risk |
| By Sara Ferreira Filipe; University of Luxembourg Matti Suominen; Aalto University |
| Discussant: Pasquale Della Corte, Imperial College London |
| Variance Risk Premiums and the Forward Premium Puzzle |
| By Juan M. Londono; Federal Reserve Board Hao Zhou; PBC School of Finance, Tsinghua University |
| Discussant: Wei Yang, Indiana University |
| Macroeconomic Fundamentals and Exchange Rate Dynamics: A No-Arbitrage Multi-Country Model |
| By Weiwei Yin; Capital University of Economics and Business |
| Discussant: Vivian Yue, Federal Reserve Board of Governors |
| Session ID 39: 行为金融 July 11, 2013 16:45 to 18:15 |
| Session Chair: yu-jane Liu, Guanghua School of Management |
| Do investors listen to others around them in stock trading? The peer effect in Chinese financial market |
| By peifei he; tsinghua university Chun Liu; Tsinghua University Li Liao; Tsinghua University |
| Discussant: Qi Liu, Guanghua School of Management, Peking University |
| 投资者情绪、投机性偏好与IPO之谜 |
| By 红海 俞; 南京大学 |
| Discussant: Chun Liu, Tsinghua University |
| 卖空约束、外推性偏差与过度自信 |
| By BO LIU; Univ.of Elec. Sci. & Tech. of China |
| Discussant: Yongdong Shi, Dongbei University of Fin & Eco |
| Investor Sentiment, Credit Scale and The Allocation of Credit Resources |
| By huang hongbin; TianJin University of finance and ecnomi |
| Discussant: Ya Tang, Peking University |
| Session ID 47: Security Issuance and Repurchase July 11, 2013 16:45 to 18:15 |
| Session Chair: Laura Xiaolei Liu, Hong Kong University of Sci. & Tech. |
| The Real Effects of Share Repurchases |
| By Heitor Almeida; University of Illinois Vyacheslav Fos; University of Illinois at Urbana-Champaign Mathias Kronlund; University of Illinois |
| Discussant: Azizjon Alimov, City University of Hong Kong |
| The value of political connections in Chinese IPO market |
| By Gary Tian; uow |
| Discussant: Zhen Wang, Shanghai University of Finance and Economics |
| Shares Pledged and Corporate Repurchase |
| By Shing-yang Hu; National Taiwan University |
| Discussant: Sheng Huang, Singapore Management University |
| Good Apples, Bad Apples: Sorting Among Chinese Companies Traded in the U.S. |
| By James Ang; Florida State University Zhiqian Jiang; Xiamen University Chaopeng Wu; Xiamen University |
| Discussant: Zhan Jiang, Shanghai Jiao Tong University |
| Session ID 51: Governance, Trading, and Manipulation July 11, 2013 16:45 to 18:15 |
| Session Chair: Joseph Chen, University of California, Davis |
| Governance Through Trading: Does institutional trading discipline empire building and earnings management? |
| By Eric Chang; Hong Kong University Tse-Chun Lin; University of Hong Kong Xiaorong Ma; The University of Hong Kong |
| Discussant: Feng Zhang, University of Utah |
| The Invisible Hand of Short Selling: Does Short Selling Discipline Earnings Manipulation? |
| By Massimo Massa; INSEAD Bohui Zhang Hong Zhang; INSEAD |
| Discussant: Egor Matveyev, University of Alberta |
| Institutional Discipline of Insider Trading through Shareholder Litigation |
| By C.S. Agnes Cheng; The Hong Kong Polytechnic University Henry He Huang; Yeshiva University Yinghua Li; Baruch College |
| Discussant: Jun Huang, Shanghai University of Finance and Economics |
| Multi-Year Accounting-Based Performance Plans |
| By zhi li; Tulane University Lingling Wang; Tulane University |
| Discussant: Hyunseob Kim, Cornell University |
| Session ID 5: 公司治理及高管薪酬 July 12, 2013 8:30 to 10:00 |
| Session Chair: Shanmin Li, School of Business, Sun Yat-sen University |
| 虚假陈述与独立董事的监管处罚及其后果 |
| By qingquan xin; chongqing university |
| Discussant: xiao hao, school of management, fudan university |
| 增加管理层薪酬能提高股价信息含量吗？ |
| By xiao hao; school of management, fudan university |
| Discussant: Kaiguo Zhou, Lingnan College, Sun Yat-sen University |
| Corporate Governance and Information Disclosure Quality: Evidence from the Natural Experiment of Non-tradable Shares Reform |
| By Kaiguo Zhou; Lingnan College, Sun Yat-sen University |
| Discussant: LYU Changjiang, Fudan University |
| Independent Director Reputation and Earnings Quality of Chinese Family Firms: The Role of Audit Committees |
| By LYU Changjiang; Fudan University huang haijie; Fudan University |
| Discussant: qingquan xin, chongqing university |
| Session ID 9: Banking and Financial Institutions July 12, 2013 8:30 to 10:00 |
| Session Chair: John Boyd, University of Minnesota |
| Performance Pricing versus Financial Covenants: Agency Costs and Incentive Alignment |
| By Jian Cai; Fordham University Sascha Steffen; ESMT European School of Management and T |
| Discussant: Yifei Mao, Indiana University |
| What do bankers know? |
| By Renee Adams; University of New South Wales Yanhui WU; Queensland University Technology Qiaoqiao Zhu; Australian National University |
| Discussant: Frank Yu, University of Minnesota |
| The Monitoring Incentive of Transactional and Relationship Lenders:Evidence from the Syndicated Loan Market |
| By Anthony Saunders; NYU Stern School of Business Pei Shao; University of Lethbridge Yutao Li; University of Lethbridge |
| Discussant: Renee Adams, University of New South Wales |
| Unsecured credit supply over the credit cycle: Evidence from credit card mailings |
| By Song Han; Federal Reserve Board |
| Discussant: Xiaoyun Yu, Kelley School of Business |
| Session ID 26: Behavior in Investments July 12, 2013 8:30 to 10:00 |
| Session Chair: Kelly Shue, Chicago - Booth |
| Looking for Someone to Blame: Delegation, Cognitive Dissonance and the Disposition Effect |
| By David Solomon; University of Southern California |
| Discussant: Lisa Kramer, University of Toronto |
| Exchange-traded funds and asset return correlations |
| By Zhi Da; University of Notre Dame Sophie Shive; University of Notre Dame |
| Discussant: David Solomon, University of Southern California |
| Performance-Chasing Behavior and Mutual Funds:New Evidence from Multi-Fund Managers |
| By Abhiroop Mukherjee; HKUST Darwin Choi; Hong Kong University of Science and Technology Bige Kahraman; Stockholm School of Economics |
| Discussant: Mitch Warachka, Claremont McKenna College |
| Labor Market Experiences and Portfolio Choice: Evidence from the Finnish Great Depression |
| By Samuli Knupfer; London Business School Elias Rantapuska; Aalto University School of Economics Matti Sarvimaki; Aalto University |
| Discussant: Hyunseob Kim, Cornell University |
| Session ID 27: Theoretical Asset Pricing July 12, 2013 8:30 to 10:00 |
| Session Chair: Tan Wang, university of british columbia |
| Asset Pricing with Regime-dependent Preferences and learning |
| By Tony Berrada; University of Geneva Jerome Detemple; Boston University Marcel Rindisbacher; Boston University |
| Discussant: Liyan Yang, Joseph L. Rotman School of Management |
| Asset Pricing under Portfolio Delegation and Differential Information |
| By Navneet Arora; Citadel Nengjiu Ju; SAIF, Shanghai Jiaotong University Hui OU-YANG; Cheung Graduate School of Business |
| Discussant: Jianjun Miao, Boston University |
| Correlations |
| By Paul Ehling; BI, Norwegian Business School Christian Heyerdahl-Larsen; London Business School |
| Discussant: Thomas Maurer, Washington University in St. Louis |
| Production-Based Term Structure of Equity Returns |
| By Hengjie Ai; University of Minnesota Mariano Croce; University of North Carolina at Chapel H Anthony Diercks; UNC Kai Li; Duke University |
| Discussant: Nan Li, National University of Singapore, NUS Business School |
| Session ID 58: Power, Connections, and Social Responsibility July 12, 2013 8:30 to 10:00 |
| Session Chair: Rajesh Aggarwal, University of Minnesota |
| Can Socially Responsible Firms Survive Competition? An Analysis of Corporate Employee Matching Grants |
| By Ning Gong; University of Melbourne Bruce Grundy; University of Melbourne |
| Discussant: Ming Yang, Duke University |
| CEO Power and Decision-Making under Pressure |
| By Vikram Nanda; georgia institute of technology Sabatino Silveri; School of Management, State University of New York - Binghamton Seonghee Han; SUNY Binghamton |
| Discussant: Alminas Zaldokas, HKUST |
| Revolving doors on Wall Street |
| By Jess Cornaggia; Indiana University Kimberly Cornaggia; Indiana University Han Xia; University of Texas at Dallas |
| Discussant: Thomas Moeller, Texas Christian University |
| Shareholder Empowerment: The Right to Approve and the Right to Propose |
| By John Matsusaka; University of Southern California Oguzhan Ozbas; USC Marshall School of Business |
| Discussant: Shan ZHAO, Grenoble Ecole de Management |
| Session ID 65: Owners, Mangers, and Labor in Corporate Governance July 12, 2013 8:30 to 10:00 |
| Session Chair: Joseph Fan, The Chinese University of Hong Kong |
| Vertical Interlocks of Executives and Firm Performance of Affiliated SOEs |
| By xin chen; Shanghai Jiao Tong University |
| Discussant: Gary Tian, uow |
| Ultimate ownership, bank connections and collateral in China |
| By Gary Tian; uow |
| Discussant: Meng Rui, China Europe International Business School |
| Are Managers Allied with Shareholders in the Treatment of Employees? Evidence from China |
| By Ninghua ZHONG; Hong Kong University of Science and Technology |
| Discussant: Christoph Schneider, University of Mannheim |
| Labor Representation in Governance as an Insurance Mechanism |
| By Christoph Schneider; University of Mannheim |
| Discussant: Garry Twite, Australian National University |
| Session ID 12: Behavioral Asset Pricing July 12, 2013 10:30 to 12:00 |
| Session Chair: bing han, University of Toronto |
| Linguistic Diversity and Stock Trading Volume |
| By Harrison Hong; Princeton University Yen-Cheng Chang; Shanghai Advanced Institute of Finance Bin Zhao; Shanghai Advanced Institute of Finance |
| Discussant: Pengjie Gao, University of Notre Dame |
| Word-of-mouth Communication, Observational learning, and Stock Market Participation |
| By Juanjuan Meng; Peking University |
| Discussant: Lisa Kramer, University of Toronto |
| No News is News: Do Markets Underreact to Nothing? |
| By Stefano Giglio; University of Chicago Kelly Shue; Chicago - Booth |
| Discussant: George Gao, Cornell University |
| Smooth Trading with Overconfidence and Market Power |
| By Albert Kyle; University of Maryland Anna Obizhaeva; University of Maryland Yajun Wang; University of Maryland |
| Discussant: Bin Wei, Federal Reserve Board |
| Session ID 19: Predictability of Asset Returns July 12, 2013 10:30 to 12:00 |
| Session Chair: Long Chen, Cheng Kong Graduate School of Business |
| Seasonality in Predictive Regressions |
| By Shu Yan; University of South Carolina |
| Discussant: Zhi Da, University of Notre Dame |
| The Driving Force for Stock Market Skewness: A Systematic Downside Risk Approach to Forecast Market Movements |
| By Qunzi Zhang; Swiss Finance Institute & University of Lausanne |
| Discussant: Yuhang Xing, Rice University |
| Demand for Crash Insurance and Stock Returns |
| By Hui Chen; MIT Scott Joslin; USC sophie ni; Hong Kong University of Science and Tech |
| Discussant: Haitao Li, University of Michigan |
| Market Volatility and Momentum |
| By Kevin Wang; University of Toronto Jianguo Xu; Beijing University |
| Discussant: Harrison Hong, Princeton University |
| Session ID 29: Volatility of Stock Prices July 12, 2013 10:30 to 12:00 |
| Session Chair: Yexiao Xu, The University of Texas at Dallas |
| Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle |
| By Robert Stambaugh; UNIVERSITY OF PENNSYLVANIA Jianfeng Yu; University of Minnesota Yu Yuan; Shanghai Advanced Institute of Finance |
| Discussant: Zhe Zhang, Singapore Management University |
| What Makes the VIX tick? |
| By Yinggang Zhou; The Chinese University of Hong Kong |
| Discussant: ZhongZhi Song, CKGSB |
| THE VOLATILITY OF FIRM’S ASSETS AND THE LEVERAGE EFFECT |
| By Jaewon Choi; University of Illinois Matthew Richardson; NYU |
| Discussant: Qiang Kang, Florida International University |
| Jump-Diffusion Long-Run Risks Models, Variance Risk Premium, and Volatility Dynamics |
| By Jianjian Jin; Bank of Canada |
| Discussant: Harold Zhang, University of Texas at Dallas |
| Session ID 37: 货币与宏观经济政策 July 12, 2013 10:30 to 12:00 |
| Session Chair: guoqiang dai, SUFE |
| 中国在价格国际传递链中的“输出性”与“输入性”研究 |
| By 子晖 杨; 中山大学 |
| Discussant: Keqiang Hou, Shanghai University of Finance and Economics |
| Demographic Structure and the Behavior of Interest: International Evidence and the Long-Term Trend of China |
| By Guojin Chen; XiaMen University Wei Li; Xiamen University |
| Discussant: Liyan Han, BeiHang University SEM |
| 货币政策传导的企业资产负债表效应研究（2007—2012）——基于中国数据的实证检验 |
| By Zhu xinrong; Zhongnan University of Economics&Law li honghan; Zhongnan University of Economics&Law |
| Discussant: chen liping, Shanghai University of Finance and Economics |
| An Feasibility Study of Monetary Cooperation Among Mainland,Taiwan,Hong Kong and Macao Against the backdrop of reform of international money system——An Empirical Analysis Based on OCA Index |
| By Li Xuelian; Southwestern University of Finance and Economics Wang Jinyang; Southwestern University of Finance and Economics |
| Discussant: Hongfei Jin, Shanghai University of Fin.& Econ. |
| Session ID 59: The career of a director July 12, 2013 10:30 to 12:00 |
| Session Chair: Renee Adams, University of New South Wales |
| Matching Directors with Firms: Evidence from Board Structure Following Corporate Spinoffs |
| By David Denis; University of Pittsburgh Diane Denis; University of Pittsburgh Mark Walker; North Carolina State University |
| Discussant: David Reeb, National University of Singapore and Temple University |
| Reputation Concerns of Independent Directors: Evidence from Individual Director Voting |
| By Wei Jiang; Columbia Business School Shan ZHAO; Grenoble Ecole de Management |
| Discussant: Le Zhang, University of New South Wales |
| How Do Firms and Directors Choose Each Other? Evidence from a Two-sided Matching Model of the Director Labor Market |
| By Egor Matveyev; University of Alberta |
| Discussant: Alminas Zaldokas, HKUST |
| Sugar and Spice and Everything Nice: What Are Good Directors Made of? |
| By Bang Dang Nguyen; University of Cambridge Judge Business School |
| Discussant: Tracy Wang, University of Minnesota |
| Session ID 78: The Economics of External Financing July 12, 2013 10:30 to 12:00 |
| Session Chair: Xiaoyun Yu, Kelley School of Business |
| Asymmetric information and the pecking (dis)order |
| By Paolo Fulghieri; UNC at Chapel Hill Diego Garcia; Univeristy of North Carolina Dirk Hackbarth; Boston University |
| Discussant: Rajesh Aggarwal, University of Minnesota |
| Human Capital Loss in Corporate Bankruptcy |
| By John Graham; Duke University Hyunseob Kim; Cornell University Si Li; Wilfrid Laurier University Jiaping Qiu; McMaster University |
| Discussant: Pab Jotikasthira, University of North Carolina Chapel Hill |
| The Family Firm Puzzle |
| By Ronald Anderson; Temple University Nan Li; National University of Singapore, NUS Business School David Reeb; National University of Singapore |
| Discussant: Frank Yu, China Europe International Business School |
| Legal enforcement and debt maturity structure: Evidence from a natural experiment |
| By Radhakrishnan Gopalan; Washington University in St. Louis Abhiroop Mukherjee; HKUST Manpreet Singh; HKUST |
| Discussant: Yifei Mao, Indiana University |
| Session ID 24: Asset Pricing and Corporate Policy July 12, 2013 14:00 to 15:30 |
| Session Chair: Jianjun Miao, Boston University |
| Stochastic Idiosyncratic Operating Risk and Real Options: Implications for Stock Returns |
| By Harjoat Bhamra; UBC Kyung Shim; University of New South Wales |
| Discussant: Lai Xu, Duke University |
| Can Investment Shocks Explain the Cross-section of Stock Returns? |
| By Lorenzo Garlappi; University of British Columbia ZhongZhi Song; CKGSB |
| Discussant: Tan Wang, university of british columbia |
| Stock Return, Dividend Growth Predictability --- The Role of Volatility Factors |
| By Tim Bollerslev; Duke University Lai Xu; Duke University Hao Zhou; Federal Reserve Board |
| Discussant: Kyung Shim, University of New South Wales |
| R&D Spillover and Predictable Returns |
| By Yi Jiang; California State University, Fullerton Yiming Qian; University of Iowa Tong Yao; University of Iowa |
| Discussant: Laura Xiaolei Liu, Hong Kong University of Sci. & Tech. |
| Session ID 62: Monetary Policy and Interest Rate July 12, 2013 14:00 to 15:30 |
| Session Chair: Haitao Li, University of Michigan |
| Monetary Policy and Bank Lending in China—Evidence from loan level data |
| By Honglin Wang; Hong Kong Monetary Authority |
| Discussant: Weina Zhang, National University of Singapore |
| Monetary Policy in a DSGE Model with "Chinese Characteristics'' |
| By Chun Chang; Shanghai Advanced Institute of Finance Zheng Liu; Federal Reserve Bank of San Francisco Mark Spiegel; Federal Reserve Bank of San Francisco |
| Discussant: Canlin Li, Federal Reserve Board |
| Preferred-habitat and demand factors in the term structure: Evidence from the Chinese bond market |
| By Longzhen Fan; Fudan University Canlin Li; Federal Reserve Board Guofu Zhou; Olin School of Business |
| Discussant: Jun Liu, UCSD |
| Understanding Informal Financing |
| By Franklin Allen; University of Pennsylvania Meijun Qian; National University of Singapore Jing Xie; National University of Singapore |
| Discussant: Hong Zhang, INSEAD |
| Session ID 38: 发展金融 July 12, 2013 14:00 to 15:30 |
| Session Chair: Xuemin (Sterling) Yan, University of Missouri - Columbia |
| 农村金融发展缓解了农村居民内部收入差距吗？——基于省际面板门槛回归模型的证据 |
| By Dan Liu; Nanjing Agricultural University |
| Discussant: Zhichao Yin, SWUFE |
| 资本账户开放与宏观经济波动 |
| By 熊 衍飞; 中山大学 |
| Discussant: Xin Zhang, unknown |
| 金融可得性、金融市场参与和家庭资产选择 |
| By Zhichao Yin; SWUFE Yu Wu; SWUFE |
| Discussant: Dan Liu, Nanjing Agricultural University |
| FDI、出口对中国省级经济增长的影响：基于空间面板模型分析 |
| By Guobing Shen; Fudan University |
| Discussant: 熊 衍飞, 中山大学 |
| Session ID 45: Hedge Funds July 12, 2013 14:00 to 15:30 |
| Session Chair: Veronika Pool, Indiana University |
| The Role of Hedge Funds in the Security Price Formation Process |
| By Charles Cao; Penn State University Yong Chen; Texas A&M University William Goetzmann; Yale University Bing Liang; UMass Amherst |
| Discussant: George Gao, Cornell University |
| Home Bias and Local Contagion: Evidence from Funds of Hedge Funds |
| By Clemens Sialm; University of Texas at Austin and NBER zheng sun; Uniersity of California, Irvine lu zheng; university of california, irvine |
| Discussant: Pedro Matos, University of Virginia - Darden |
| The Economics of Hedge Funds |
| By Yingcong Lan; Cornerstone Research Neng Wang; Columbia Business School Jinqiang Yang; Shanghai University of Finance and Economics |
| Discussant: Youchang Wu, University of Wisconsin - Madison |
| Do Hedge Funds Exploit Rare Disaster Concerns? |
| By George Gao; Cornell University |
| Discussant: Veronika Pool, Indiana University |
| Session ID 53: Mergers and Acquisitions II July 12, 2013 14:00 to 15:30 |
| Session Chair: Hengjie Ai, University of Minnesota |
| Learning, uncertainty, and acquisition pricing |
| By Jan Jindra; Ohio State University Thomas Moeller; Texas Christian University |
| Discussant: Oguzhan Ozbas, USC Marshall School of Business |
| Unrelated Acquisitions |
| By Rajesh Aggarwal; University of Minnesota Mufaddal Baxamusa; University of St Thomas, Minnesota |
| Discussant: Feng Zhang, University of Utah |
| Does the dearth of mergers mean more competition? |
| By Dirk Hackbarth; Boston University Bart Taub; Durham University |
| Discussant: Hengjie Ai, University of Minnesota |
| Corporate Ownership and International Mergers and Acquisitions |
| By Jan Bena; University of British Columbia Kai Li; University of British Columbia |
| Discussant: Nandini Gupta, Indiana University |
| Session ID 57: Behavioral Finance: Corporate Finance and Governance July 12, 2013 14:00 to 15:30 |
| Session Chair: Gilles Hilary, INSEAD |
| Do Institutions Influence Corporate Behavior? An Analysis of Corporate Social Responsibility |
| By Chuan Yang Hwang; Division of Banking and Finance Sheridan Titman; The University of Texas at Austin Ying Wang; Nanyang Technological University |
| Discussant: Bang Dang Nguyen, University of Cambridge |
| Firm Heterogeneity and Investor Inattention to Friday Earnings Announcements |
| By Roni Michaely; Cornell University Amir Rubin; Simon Fraser University Alexander Vedrashko; Simon Fraser University |
| Discussant: Lei Sun, SUFE |
| When Firms Talk, Do Investors Listen? The Role of Trust in Stock Market Reactions to Corporate Earnings Announcements |
| By Fei Xie; Clemson University |
| Discussant: Charles Hsu, HKUST |
| SHAPED BY BOOMS AND BUSTS: HOW THE ECONOMY IMPACTS CEO CAREERS AND MANAGEMENT STYLES |
| By Antoinette Schoar; Massachusetts Institute of Technology Luo Zuo; MIT Sloan School of Management |
| Discussant: Kasper Meisner Nielsen, HKUST |
| Session ID 49: Fixed Income Securities July 12, 2013 16:00 to 17:30 |
| Session Chair: Jingzhi Huang, Penn State University |
| Flights to Safety |
| By Lieven Baele; Tilburg University Geert Bekaert; Columbia University Koen Inghelbrecht; University College Ghent Min Wei; Federal Reserve Board of Governors |
| Discussant: Neil Pearson, University of Illinois at Urbana-Champai |
| Interest Rate Volatility and No-Arbitrage Term Structure Models |
| By Anh Le; UNC |
| Discussant: Robert Kimmel, National University of Singapore |
| Aggregate Stock Market Illiquidity and Bond Risk Premia |
| By Kees Bouwman; Erasmus University Rotterdam Elvira Sojli; Erasmus University of Rotterdam Wing Wah Tham; Erasmus University of Rotterdam |
| Discussant: Jun Tu, Singapore Management University |
| In Search of Habitat: A First Look at Investors' Government Bond Portfolios |
| By Xuanjuan Chen; Kansas State University Zhenzhen Sun; Siena College Tong Yao; University of Iowa Tong Yu; University of Rhode Island |
| Discussant: Paul Ehling, BI, Norwegian Business School |
| Session ID 15: Systemic Risk July 12, 2013 16:00 to 17:30 |
| Session Chair: Zhenyu Wang, Indiana University Kelley School of Busi |
| A Theory of Creditor Rights, Information Sharing, and Bank Risk Taking |
| By John Boyd; University of Minnesota Hendrik Hakenes; University of Bonn |
| Discussant: Ping He, Tsinghua University |
| Strategic Risk Taking with Systemic Externalities |
| By Andrea M. Buffa; Boston University |
| Discussant: Weiping Li, Oklahoma State University |
| On Bank Credit Risk: Systemic or Bank-Specific? Evidence from the US and the UK |
| By Junye Li; ESSEC Business School |
| Discussant: Jennie Bai, Federal Reserve Bank of New York |
| The Fragility of Short-Term Secured Funding Markets |
| By Ernst-Ludwig von Thadden; Universität Mannheim Antoine Martin; Federal Reserve Bank of New York David Skeie; Federal Reserve Bank of New York |
| Discussant: John Boyd, University of Minnesota |
| Session ID 28: Analysts and Financial Reporting July 12, 2013 16:00 to 17:30 |
| Session Chair: K.C. John Wei, Hong Kong University of Science and Technology |
| Stock Picking, Industry Picking and Market Timing in Sell-Side Research |
| By Rong Wang; Singapore Management University |
| Discussant: Xiaoyun Yu, Kelley School of Business |
| Identifying Skilled Mutual Fund Managers by their Ability to Forecast Earnings |
| By Hao Jiang; Rotterdam School of Management, Erasmus lu zheng; university of california, irvine |
| Discussant: Mike Qinghao Mao, Erasmus University |
| BEYOND “LOST IN TRANSLATION”: CULTURAL PROXIMITY AND THE PROCESSING OF FINANCIAL INFORMATION |
| By Qianqian Du; Shanghai Jiao Tong University Frank Yu; China Europe International Business School Xiaoyun Yu; Kelley School of Business |
| Discussant: Laura Xiaolei Liu, Hong Kong University of Sci. & Tech. |
| Do Financial Analysts Play a Monitoring Role? Evidence from Natural Experiments |
| By Tao Chen; The Chinese University of Hong Kong Jarrad Harford; University of Washington Chen Lin; Chinese University of Hong Kong |
| Discussant: Lei Sun, Shanghai University of Finance and Economics |
| Session ID 36: 公司财务 July 12, 2013 16:00 to 17:30 |
| Session Chair: Dianchun Jiang, Nankai University |
| 银行关联能缓解产业政策带来的融资约束吗？ |
| By Jigao Zhu; UIBE Feichi Han; Peking University Zhengfei Lu; Peking University |
| Discussant: Yaming Ma, Tianjin University of Economics&finance |
| 关联并购是否会损害企业绩效？——基于DEA-SFA二次相对效益模型的研究 |
| By Shanmin Li; Sun Yat-sen University Xinxiang Shi; Sun Yat-Sen University Ziqiang Wan; Sun Yat-Sen University |
| Discussant: Liang Qi, Nankai University |
| 集团内财务危机公司特性与资源流动之研究 |
| By Hsiang-Hsuan Chih; National Dong Hwa University |
| Discussant: Lihui Tian, Nankai University |
| 策略性盈余管理、信息动量与解禁减持 |
| By Yao Li; Shanghai University of Finance and Economics Ziwei Zhang; Shanghai University of Finance and Economics zhiwei Lin; Shenzhen Stock Exchange |
| Discussant: Rui Yang, Bosera Funds |
| Session ID 54: Entrepreneurship, Private Equity and Venture Capital July 12, 2013 16:00 to 17:30 |
| Session Chair: David Reeb, National University of Singapore and Temple University |
| Patent and Innovation-Driven Performance in Venture Capital-Backed IPOs |
| By Jerry Cao; Singapore Management University Fuwei Jiang; Singapore Management University Jay Ritter; University of Florida |
| Discussant: Mark Walker, North Carolina State University |
| Foreign VCs and the Internationalization of Entrepreneurial Firms |
| By Mark Humphery-Jenner; University of New South Wales Jo-Ann Suchard; University of New South Wales |
| Discussant: Shing-yang Hu, National Taiwan University |
| Do Entrepreneurs Make Good VCs? |
| By Ye Cai; Santa Clara University merih sevilir; indiana university Xuan Tian; Indiana University |
| Discussant: William Megginson, University of Oklahoma |
| Churning in Venture Capital Investments |
| By Nishant Dass; Georgia Institute of Technology Scott Hsu; University of Wisconsin Milwaukee vikram nanda; Georgia Institute of Technology Qinghai Wang; Georgia Institute of Technology |
| Discussant: Bang Dang Nguyen, University of Cambridge Judge Business School |
| Session ID 80: Cost of Capital, Capital Budegting, and Corporate Policies July 12, 2013 16:00 to 17:30 |
| Session Chair: Sheridan Titman, The University of Texas at Austin |
| Supplier-Customer Relationships and Corporate Hedging Policy |
| By Jun-Koo Kang; Nanyang Technological University Limin Xu; Nanyang Technological University lei zhang; nanyang business school |
| Discussant: Ruoran Gao, Cornell University |
| Captive Finance and Firm’s Competitiveness |
| By Andriy Bodnaruk; Notre Dame University William O'Brien; Purdue University Andrei Simonov; Michigan State University |
| Discussant: Xiaodan Gao, University of British Columbia |
| Can Firms Do Well for Shareholders by Doing Good for Stakeholders? The Importance of Long-Term Investors |
| By Ambrus Kecskes; Virginia Tech Sattar Mansi; Virginia Tech Phuong-Anh Nguyen; Virginia Tech |
| Discussant: Andrei Simonov, Michigan State University |
| Blocks in Multiple Firms |
| By Massimo Massa; INSEAD Alminas Zaldokas; HKUST |
| Discussant: Qi Sun, University of Southern California |
| Session ID 33: Asset Pricing Anomalies July 13, 2013 8:30 to 10:00 |
| Session Chair: Guofu Zhou, Olin School of Business |
| Two Accrual Anomalies |
| By Qiang Kang; Florida International University Qiao Liu; Guanghua School of Management, Peking University Rong Qi; St.John's University |
| Discussant: Canlin Li, Federal Reserve Board |
| Real-Time Profitability of Published Anomalies: An Out-of-Sample Test |
| By Jingzhi Huang; Penn State University Zhijian (James) Huang; University of Wisconsin-Milwaukee |
| Discussant: Jun Tu, Singapore Management University |
| Explaining the Value Premium around the World: Risk or Mispricing? |
| By Andy C.W. Chui; Hong Kong Polytechnic University K.C. John Wei; Hong Kong University of Science and Technology Feixue Xie; University of Texas at El Paso |
| Discussant: Mitch Warachka, Claremont McKenna College |
| Time-Series Momentum versus Technical Analysis |
| By Ben Marshall; Massey University Nhut Nguyen; The University of Auckland Nuttawat Visaltanachoti; Massey University |
| Discussant: Yingzi Zhu, Tsinghua University |
| Session ID 48: 信息和市场效率 July 13, 2013 8:30 to 10:00 |
| Session Chair: Yun Feng, SJTU |
| 证券执法加强了分析师的监督治理作用吗？ |
| By mingshan zhou; southwest university of economics |
| Discussant: Ling Ling, FuDan University |
| 审计意见、信息环境与股票流动性 |
| By zhiwei Lin; Shenzhen Stock Exchange Ziwei Zhang; Shanghai University of Finance and Economics Yao Li; Shanghai University of Finance and Economics |
| Discussant: mingshan zhou, southwest university of economics |
| 意外的收获——内幕交易与信息效率的改善 |
| By Ling Ling; FuDan University Junxiong Fang; FuDan |
| Discussant: Zhisheng Li, Zhongnan University of Economics and Law |
| 媒体荐股信息、市场反应与财富流动 |
| By Zhisheng Li; Zhongnan University of Economics and Law li liao; Tsinghua University Dongmin Kong; Huazhong University of Science and Technology Chun Liu; Tsinghua University |
| Discussant: zhiwei Lin, Shenzhen Stock Exchange |
| Session ID 60: Financial Frictions and Corporate Investment July 13, 2013 8:30 to 10:00 |
| Session Chair: Oguzhan Ozbas, USC Marshall School of Business |
| Credit Supply and Corporate Innovation |
| By Mario Amore; Bocconi University Cedríc Schneider Alminas Zaldokas; HKUST |
| Discussant: Kelly Shue, Chicago - Booth |
| Corporate Investment and the Option to Repurchase Debt |
| By Brandon Julio; London Business School |
| Discussant: Sheng Huang, Singapore Management University |
| Flow-Induced Mispricing and Corporate Investment |
| By Yan Wang; Chinese University of Hong Kong Xiaoxia Lou; University of Delaware |
| Discussant: Luis Goncalves-Pinto, National University of Singapore |
| Investor protection, diversification, investment, and Tobin's q |
| By Yingcong Lan; Cornerstone Research Neng Wang; Columbia Business School Jinqiang Yang; Shanghai University of Finance and Economics |
| Discussant: Nengjiu Ju, SAIF, Shanghai Jiaotong University |
| Session ID 61: Credit Risk July 13, 2013 8:30 to 10:00 |
| Session Chair: Ning Zhu, SAIF, SJTU and UC Davis |
| On Bounding Credit Event Risk Premia |
| By Jennie Bai; Federal Reserve Bank of New York Pierre Collin-Dufresne; Columbia University Robert Goldstein; University of Minnesota Jean Helwege; University of South Carolina |
| Discussant: Fan Yu, Shanghai Jiao Tong University |
| Credit Derivatives and Earnings Announcements |
| By George Batta; Claremont McKenna College Jiaping Qiu; McMaster University Fan Yu; Shanghai Jiao Tong University |
| Discussant: Dragon Tang, University of Hong Kong |
| Credit Default Swaps, Strategic Default, and the Cost of Corporate Debt |
| By Gi Kim; University of Warwick |
| Discussant: Hong Yan, SAIF & Univ. of South Carolina |
| Does Background Risk Explain Corporate Credit Risk Taking? |
| By Xuanjuan Chen; Kansas State University Zhenzhen Sun; Siena College Tong Yao; University of Iowa Tong Yu; University of Rhode Island |
| Discussant: Yaxuan Qi, City University of Hong Kong |
| Session ID 74: Incentives and Contracts July 13, 2013 8:30 to 10:00 |
| Session Chair: Bin Wei, Federal Reserve Board |
| Tug-of-War: Incentive Alignment in Securitization and Loan Performance |
| By Zhonglan Dai; University of Texas at Dallas Harold Zhang; University of Texas at Dallas Feng Zhao; University of Texas at Dallas |
| Discussant: Haoxiang Zhu, MIT |
| Selecting CEO in Family Firms:The Role of Families’ Human and Social Capital |
| By Joseph Fan; The Chinese University of Hong Kong Sifei Li; Beijing Foreign Studies University |
| Discussant: Chaopeng Wu, Xiamen University |
| Robust Contracts in Continuous Time |
| By Jianjun Miao; Boston University |
| Discussant: John Zhu, Wharton |
| Myopic Agency |
| By John Zhu; Wharton |
| Discussant: Jianjun Miao, Boston University |
| Session ID 76: Chinese Financial Markets July 13, 2013 8:30 to 10:00 |
| Session Chair: Charles Cao, Penn State University |
| Mutual Fund Ownership, Firm Specific Information, and Firm Performance: Evidence from China |
| By Hong Feng Zhang; Deakin University |
| Discussant: Jianing Zhang, Shanghai University of Finance and Economics |
| Are Investors Irrational?---Study on China Warrant Market |
| By Yintian Wang; Tsinghua University |
| Discussant: Gang Li, Hong Kong Polytechnic University |
| Costly and unprofitable speculation: Evidence from trend-chasing Chinese short-sellers and margin-traders |
| By Eric Chang; The University of Hong Kong Yan Luo; Fudan University Jinjuan Ren; University of Macau |
| Discussant: Yingzi Zhu, Tsinghua University |
| The Investment Decisions of Foreign and Local Investors in Private Equity Funds in China |
| By Sarah Azzi; University of New South Wales Jo-Ann Suchard; University of New South Wales |
| Discussant: xueyong zhang, central univ. of finance and economics |
| Session ID 10: Financial Bubbles and Crisis July 13, 2013 10:30 to 12:00 |
| Session Chair: Zhiguo He, University of Chicago |
| Political Influence and Incentive: The Lending Behavior of a State-owned Bank in the Global Financial Crisis |
| By Chun-Yu Ho; Shanghai Jiao Tong University |
| Discussant: Yunling Chen, Tsinghua University |
| Fire-sales and Information Advantage: When Bank-Affiliation Helps |
| By lei zhang; nanyang business school Massimo Massa; INSEAD |
| Discussant: Jiaren Pang, Tsinghua University |
| Hedging Costs vs. Counterparty Risk: What Explains the Pricing of Structured Products During the 2007-2009 Financial Crisis? |
| By Stefan Petry; University of Melbourne |
| Discussant: Weina Zhang, National University of Singapore |
| "Fool Me Once..." U.S. Investos' Responses to the European Debt Crisis |
| By Fang Cai; Federal Reserve Board |
| Discussant: Hong Zhang, INSEAD |
| Session ID 41: 金融衍生品及风险管理 July 13, 2013 10:30 to 12:00 |
| Session Chair: Chongfeng Wu, Shanghai Jiaotong University |
| 美国期货跳跃风险对中国期货的影响及投资价值研究——基于同步交易和异步交易的经验证据 |
| By Qingfu Liu; Institute for Financial Studies |
| Discussant: liya liu, SUFE |
| 净购买压力的信息含量: 台指期权市场的证据 |
| By Zheng Zhenlong; Xiamen Univerisity |
| Discussant: Yun Feng, SJTU |
| 带杠杆效应的条件无穷纯跳跃Levy过程期权定价 |
| By 恒煜 吴; 西南财经大学 |
| Discussant: Hailong Liu, Shanghai Jiao Tong University |
| 基于广义谱和MCS检验的VaR模型预测绩效评估 |
| By Yupeng Zhang; East China Normal University Hong Yongmiao; Cornell University, Xiamen University |
| Discussant: Xiao Qin, Shanghai Jiao Tong University |
| Session ID 52: CEOs, Executive Pay and Turnovers July 13, 2013 10:30 to 12:00 |
| Session Chair: Pedro Matos, University of Virginia - Darden |
| Industry Tournament Incentives |
| By Zhichuan Li; Arizona State University Jeff Coles; Arizona State University Albert Wang; Cornell University |
| Discussant: Rik Sen, Hong Kong University of Science and Technology |
| CEO Investment Cycles |
| By Yihui Pan; University of Utah Tracy Wang; University of Minnesota Michael Weisbach; Ohio State University |
| Discussant: Brandon Julio, London Business School |
| Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants |
| By Kelly Shue; Chicago - Booth Richard Townsend; Dartmout Tuck |
| Discussant: Wei Wang, Queen's University |
| Provision of Management Incentives in Bankrupt Firms |
| By Vidhan Goyal; HKUST Wei Wang; Queen's University |
| Discussant: Sheng Huang, Singapore Management University |
| Session ID 66: Trading and Information July 13, 2013 10:30 to 12:00 |
| Session Chair: Jialin Yu, Hong Kong University of Science and Technology |
| The Externalities of High-Frequency Trading |
| By Mao Ye; University of Illinois, Urbana-Champaign |
| Discussant: Pengjie Gao, University of Notre Dame |
| Analysis of Sentiment, Order Type Choice and Returns |
| By Ning Zhu; SAIF, SJTU and UC Davis |
| Discussant: Peilin Hsieh, Cornell University |
| Ex Post Equilibria in Double Auctions of Divisible Assets |
| By Songzi Du; Simon Fraser University Haoxiang Zhu; MIT Sloan School of Management |
| Discussant: Yajun Wang, University of Maryland |
| Pre-Trade Transparency and Informed Trading: An Experimental Approach to Hidden Liquidity |
| By Arie Gozluklu; Warwick Business School |
| Discussant: Mark Wu, State University of New York- Binghamton |
| Session ID 68: Detecting Financial Distress July 13, 2013 10:30 to 12:00 |
| Session Chair: Harold Zhang, University of Texas at Dallas |
| Rating Shopping or Catering? An Examination of the Response to Competitive Pressure for CDO Credit Ratings |
| By Yongjun Tang; University of Texas at Austin |
| Discussant: Han Xia, University of Texas at Dallas |
| Reading between the Ratings: Intra-rating Heterogeneity and Modeling Residual Credit Risk |
| By Charles Chang; Chinese University of Hong Kong and Shanghai Advanced Institute of Finance Cheng-Der Fuh; National Central University Michael Kao; National Central University |
| Discussant: Yongjun Tang, University of Hong Kong |
| A Macro Stress Test Model of the Default Risk of Canadian Banking Sector |
| By Fuchun Li; Bank of Canada |
| Discussant: Matthew Pritsker, Federal Reserve Bank of Boston |
| Enhanced Stress Testing and Financial Stability |
| By Matthew Pritsker; Federal Reserve Bank of Boston |
| Discussant: Fuchun Li, Bank of Canada |
| Session ID 73: Political Economy of Finance July 13, 2013 10:30 to 12:00 |
| Session Chair: Zhongzhi He, Brock Univesity & Shanghai Univesity of Finance & Economics |
| The Impact of Fiscal Policy on Stock Returns |
| By Zhi Da; University of Notre Dame Mitch Warachka; Claremont McKenna College Hayong Yun; University of Notre Dame |
| Discussant: Shu Yan, University of South Carolina |
| The Political Economy of Corporate Finance: evidence from China's re-nationalization |
| By Zhangkai Huang; Tsinghua University |
| Discussant: Bin Zhao, Shanghai Advanced Institute of Finance |
| Pre-IPO private equity investors and their impact on the IPO process under China's compliance system |
| By Yao Li; Shanghai University of Finance and Economics Laura Xiaolei Liu; Hong Kong University of Sci. & Tech. Ziwei Zhang; Shanghai University of Finance and Economics |
| Discussant: Gary Tian, uow |
| When Talk Isn’t Cheap: The Corporate Value of Political Rhetoric |
| By Nandini Gupta; Indiana University |
| Discussant: Mark Kamstra, York University |
| Session ID 16: Market Microstructure July 13, 2013 14:00 to 15:30 |
| Session Chair: Mao Ye, University of Illinois, Urbana-Champaign |
| Risk sharing, costly participation and monthly returns |
| By Terrence Hendershott; University of California Berkeley Sunny Li; VU University Amsterdam Albert Menkveld; VU University Amsterdam Mark Seasholes; HKUST |
| Discussant: Elvira Sojli, Erasmus University of Rotterdam |
| Insider Trading, Stochastic Liquidity and Equilibrium Prices |
| By Pierre Collin-Dufresne; Columbia University Vyacheslav Fos; University of Illinois at Urbana-Champaign |
| Discussant: Yajun Wang, University of Maryland |
| Short-sale Constraints, Bid-Ask Spreads, and Information Acquisition |
| By Hong Liu; Washington University in St. Louis Yajun Wang; University of Maryland |
| Discussant: Haoxiang Zhu, MIT |
| Transaction Taxes in a Price Maker/Taker Market |
| By Dale Rosenthal; University of Illinois at Chicago Nordia Thomas; University of Wisconsin-La Crosse Hefei Wang; University of Illinois at Chicago |
| Discussant: Arie Gozluklu, Warwick Business School |
| Session ID 40: 人民币、汇率及国际金融 July 13, 2013 14:00 to 15:30 |
| Session Chair: qian sun, Fudan University |
| 资本管制能够抑制国际资本异常流动吗？ |
| By liya liu; SUFE |
| Discussant: MA Bin, Dongbei University of Finance & Economics |
| 人民币成为锚货币了吗？——基于状态空间模型的经验证据 |
| By QUE Cheng-yu; Dongbei University of Finance & Economics MA Bin; Dongbei University of Finance & Economics |
| Discussant: Chen Ting, Nanjing University of Science and Technology |
| 境内外人民币汇率价格关系的定量研究 |
| By Ge Wu; The People's Bank of China |
| Discussant: liya liu, SUFE |
| 人民币拆借利率的沪港市场关联与差异(更新版) |
| By Lian Chen; 南京理工大学,Nanjing University of Science and Technology Yinyin Li; 南京理工大学,NJUST Feng Chen; 南京理工大学 Chen Ting; Nanjing University of Science and Technology |
| Discussant: Ge Wu, The People's Bank of China |
| Session ID 42: 资本市场 July 13, 2013 14:00 to 15:30 |
| Session Chair: Zhishu Yang, Tsinghua University |
| 中国股票市场IPO询价制度与财富分配效应——兼论询价制度改革的有效性 |
| By 红海 俞; 南京大学 |
| Discussant: Longzhen Fan, Fudan University |
| 中国艺术品投资的收益与特征 |
| By Yang Shi; Shanghai University of Finance and Economics Yao Li; Shanghai University of Finance and Economics |
| Discussant: Nianhang Xu, Renmin University of China |
| Block Trades and Asymmetrical Market Impact in different Market Situations |
| By Jianfen Feng; 对外经济贸易大学 |
| Discussant: Hongfei Jin, Shanghai University of Fin.& Econ. |
| 技术分析与流动性提供者的择时策略：基于中国A股市场的实证研究 |
| By Ping Li; University of Electronic Science and Tec |
| Discussant: Jigao Zhu, UIBE |
| Session ID 67: Understanding Stock Returns July 13, 2013 14:00 to 15:30 |
| Session Chair: Wei Yang, Indiana University |
| Predicting Market Returns Using Aggregate Implied Cost of Capital |
| By Yan Li; Temple University David Ng; Cornell University bhaskaran swaminathan; LSV Asset Management |
| Discussant: Nan Li, National University of Singapore, NUS Business School |
| Seasonally Varying Preferences: Theoretical Foundations for an Empirical Regularity |
| By Mark Kamstra; York University Lisa Kramer; University of Toronto Maurice Levi; University of British Columbia Tan Wang; university of british columbia |
| Discussant: Erica Li, CKGSB |
| Is "sentiment" sentimental? |
| By Xiaoyan Zhang; Purdue University |
| Discussant: Egor Matveyev, University of Alberta |
| Ambiguity Aversion and Variance Premium |
| By Jianjun Miao; Boston University Bin Wei; Federal Reserve Board Hao Zhou; Federal Reserve Board |
| Discussant: ZhongZhi Song, CKGSB |
| Session ID 69: Global Financial Risk July 13, 2013 14:00 to 15:30 |
| Session Chair: Yuhang Xing, Rice University |
| Sovereign Risk and Financial Risk |
| By Vivian Yue; Federal Reserve Board of Governors |
| Discussant: Sara Ferreira Filipe, University of Luxembourg |
| The Exodus from Sovereign Risk: Sovereign Ceiling Violations in Credit Default Swap Markets |
| By Jongsub Lee; University of Florida Andy Naranjo; University of Florida |
| Discussant: Gi Kim, University of Warwick |
| Endogenous Banks' Networks, Cascades and Systemic Risk |
| By Marcel Bluhm; Xiamen University and Center for Financial Studies at Goethe University Frankfurt Ester Faia; Economics Jan-Pieter Krahnen; Goethe Universitaet Frankfurt |
| Discussant: Matthew Pritsker, Federal Reserve Bank of Boston |
| The Role of Bank Regulation in Systemic Banking Crises: Cross-country Evidence on Bank Risk Taking |
| By Frank Song; University of Hong Kong Wensi Xie; The University of Hong Kong |
| Discussant: Fang Cai, Federal Reserve Board |
| Session ID 75: Real Estate Finance July 13, 2013 14:00 to 15:30 |
| Session Chair: Xuanjuan Chen, Kansas State University |
| Should We Fear an Adverse Collateral Effect on Investment in China? |
| By Yongheng Deng; National University of Singapore Joseph Gyourko; The Wharton School Jing Wu; Tsinghua University |
| Discussant: Laura Xiaolei Liu, Hong Kong University of Sci. & Tech. |
| Complex Mortgages |
| By Gene Amromin; Federal Reserve Bank of Chicago Jennifer Huang; UT-Austin Clemens Sialm; University of Texas at Austin and NBER Edward Zhong; University of Wisconsin-Madison |
| Discussant: Jingzhi Huang, Penn State University |
| When Real Estate is the Only Game in Town: Local Bias and Investments in Second Homes |
| By Harrison Hong; Princeton University |
| Discussant: Song Han, Federal Reserve Board |
| The Hidden Peril: The Role of the Condominium Loan Market in the Recent Financial Crisis |
| By Wenlan Qian; NUS Business School, National University of Singapore |
| Discussant: Jay Wang, University of Oregon |
| # | Participant | Roles in Conference |
|---|---|---|
| 1 | Simonov, Andrei | D80, P80 |
| 2 | Ting, Chen | D40 |
| 3 | Adam, Tim | P50 |
| 4 | Adams, Renee | D9, P9, C59 |
| 5 | Aggarwal, Rajesh | C58, D78, P53 |
| 6 | Ai, Hengjie | P55, P27, C53, D53 |
| 7 | Alimov, Azizjon | P50, D47 |
| 8 | Azzi, Sarah | P76 |
| 9 | 吴, 恒煜 | P41 |
| 10 | 吕, 江林 | D44 |
| 11 | 俞, 红海 | P7, P39, P42 |
| 12 | Bai, Jennie | P30, D15, P61 |
| 13 | Bena, Jan | D56, P53 |
| 14 | Bhattacharyya, Sugato | C79 |
| 15 | Bin, MA | D40 |
| 16 | Bluhm, Marcel | P69 |
| 17 | Boyd, John | C9, D15, P15 |
| 18 | Buffa, Andrea M. | D72, P15 |
| 19 | Cai, Fang | P10, D69 |
| 20 | Cai, Jian | P9 |
| 21 | Cai, Ye | P54 |
| 22 | Cao, Charles | C18, C76 |
| 23 | Cao, Hongduo | P6 |
| 24 | Changjiang, LYU | D5, P5 |
| 25 | Chen, Joseph | C51 |
| 26 | Chen, Lian | P40 |
| 27 | Chen, Zhiyao | P50 |
| 28 | chen, xin | D44, P65 |
| 29 | Chen, Rong | D6 |
| 30 | Chen, Xuanjuan | C75 |
| 31 | Chen, Yunling | D10 |
| 32 | Chen, Yong | D43 |
| 33 | Chen, Zhanhui | P11 |
| 34 | Chen, Tao | P28 |
| 35 | Chen, Long | C19 |
| 36 | Cheng-yu, QUE | P40 |
| 37 | Chengjian, Su | P6 |
| 38 | Chih, Hsiang-Hsuan | P36 |
| 39 | Choi, James | P32 |
| 40 | Choi, Jaewon | D8, P29 |
| 41 | Cui, Wei | D55 |
| 42 | Da, Zhi | D13 |
| 43 | Da, Zhi | C11, P26, D19 |
| 44 | Dai, Zhonglan | P74 |
| 45 | dai, guoqiang | C37 |
| 46 | Dasgupta, Sudipto | C50 |
| 47 | Dass, Nishant | P54 |
| 48 | Della Corte, Pasquale | D31, P31 |
| 49 | Detemple, Jerome | P27 |
| 50 | Dong, Xi | P17 |
| 51 | Du, Qianqian | P28 |
| 52 | Ehling, Paul | D49 |
| 53 | 衍飞, 熊 | D38, P38 |
| 54 | 胡, 锡亮 | P44 |
| 55 | Fan, Longzhen | D42 |
| 56 | Fan, Joseph | C65 |
| 57 | Fang, Nengsheng | D23 |
| 58 | Feng, Jianfen | P42 |
| 59 | Feng, Yun | C48, D41 |
| 60 | Ferreira, Miguel | P20 |
| 61 | Ferreira Filipe, Sara | P31, D69 |
| 62 | Fos, Vyacheslav | D72, P16 |
| 63 | Fu, Fangjian | D50, P8 |
| 64 | Gao, George | D12, D45, P45 |
| 65 | Gao, Huasheng | D64, P64, D56 |
| 66 | Gao, Pengjie | D30, D12 |
| 67 | Gao, Ruoran | P79, D80 |
| 68 | Gao, Pengjie | C8, D66 |
| 69 | Gao, Xiaodan | P79, D80 |
| 70 | Goncalves-Pinto, Luis | P13, D60 |
| 71 | Gong, Ning | P58 |
| 72 | Gozluklu, Arie | P66, D16 |
| 73 | Gu, Lulu | D44 |
| 74 | Guibaud, Stephane | P55 |
| 75 | Guojin, Chen | P37 |
| 76 | Gupta, Nandini | C43, D53, P73 |
| 77 | Hackbarth, Dirk | D8, C72, P78, P53 |
| 78 | Han, Yufeng | P32 |
| 79 | Han, Song | D21, P9, D75 |
| 80 | han, bing | P30, C12 |
| 81 | Han, Seonghee | P58 |
| 82 | Han, Liyan | D6, D37 |
| 83 | hao, xiao | D5, P5 |
| 84 | Hao, Xiangchao | P44 |
| 85 | He, Zhongzhi | C73 |
| 86 | He, Zhiguo | C10 |
| 87 | He, Ping | D15 |
| 88 | he, peifei | P39 |
| 89 | Heyerdahl-Larsen, Christian | P27 |
| 90 | Hilary, Gilles | C57 |
| 91 | Ho, Chun-Yu | P10 |
| 92 | Hong, Harrison | D19, P12, P75 |
| 93 | hongbin, huang | P39 |
| 94 | Hou, Keqiang | D37 |
| 95 | Hsieh, Peilin | D66 |
| 96 | Hsu, Charles | D57 |
| 97 | Hu, Shing-yang | P47, D54 |
| 98 | Hu, Wei | D6 |
| 99 | Hu, Jianfeng | P18 |
| 100 | Huang, Zhijian (James) | P33 |
| 101 | Huang, Jun | P17, D51 |
| 102 | Huang, Jennifer | C21 |
| 103 | Huang, Zhangkai | P73 |
| 104 | Huang, Jingzhi | C49, D75 |
| 105 | Huang, Sheng | D47, D60, D52 |
| 106 | Humphery-Jenner, Mark | P56, P54 |
| 107 | Jang, Bong-Gyu | P13 |
| 108 | Jiang, George | D18 |
| 109 | Jiang, Yi | P24 |
| 110 | Jiang, Zhan | P72, D47 |
| 111 | Jiang, Fuwei | D32, P54 |
| 112 | Jiang, Dianchun | C36 |
| 113 | Jin, Hongfei | D37, D42 |
| 114 | Jin, Jianjian | P29 |
| 115 | Jotikasthira, Pab | P43, D72, D78 |
| 116 | Ju, Nengjiu | D55, P27, D60 |
| 117 | Julio, Brandon | P60, D52 |
| 118 | Kahraman, Bige | P26 |
| 119 | Kamstra, Mark | D73, P67 |
| 120 | Kang, Qiang | D29, P33 |
| 121 | Kao, Michael | P68 |
| 122 | Kecskes, Ambrus | P80 |
| 123 | Kim, Hyunseob | D51, D26, P78 |
| 124 | Kim, Daniel | P64 |
| 125 | Kim, Gi | P61, D69 |
| 126 | Kim, Hwagyun | P11 |
| 127 | Kimmel, Robert | D49 |
| 128 | Kirchmaier, Tom | P43 |
| 129 | Knupfer, Samuli | P26 |
| 130 | Kramer, Lisa | D26, D12 |
| 131 | Kronlund, Mathias | P47 |
| 132 | Kung, Howard | P11 |
| 133 | Ladika, Tomislav | D79 |
| 134 | Le, Anh | P49 |
| 135 | Lee, Jongsub | P69 |
| 136 | Li, Wei | P23 |
| 137 | Li, Sunny | P16 |
| 138 | Li, Wei | P37 |
| 139 | Li, Fuchun | D68, P68 |
| 140 | Li, Kai | C56 |
| 141 | Li, Sifei | P74 |
| 142 | Li, Jun | D30 |
| 143 | Li, Nan | D32, D27, P78, D67 |
| 144 | Li, Gang | D76 |
| 145 | Li, Weiping | D15 |
| 146 | Li, Ping | P42 |
| 147 | Li, Yinghua | P51 |
| 148 | Li, Erica | D11, D67 |
| 149 | Li, Zhongfei | D6 |
| 150 | Li, Jun | D11 |
| 151 | Li, Zhisheng | P7, D48, P48 |
| 152 | Li, Junye | P15 |
| 153 | Li, Shanmin | C5 |
| 154 | Li, Bingxin | P18 |
| 155 | Li, Canlin | D23, D62, P62, D33 |
| 156 | Li, Haitao | D19, C62 |
| 157 | Liang, Bing | P45 |
| 158 | Lin, Xiaoji | D11, P11 |
| 159 | Lin, zhiwei | P36, D48, P48 |
| 160 | Ling, Ling | D48, P48 |
| 161 | liping, chen | D37 |
| 162 | Liu, Jun | C23, P30, D62 |
| 163 | Liu, yu-jane | C39 |
| 164 | Liu, Qingfu | P41 |
| 165 | liu, liya | D41, D40, P40 |
| 166 | Liu, Qi | D39 |
| 167 | Liu, Zheng | P62 |
| 168 | Liu, Chun | D39 |
| 169 | LIU, BO | P39 |
| 170 | Liu, Hong | C13 |
| 171 | Liu, Laura Xiaolei | C47, D24, D28, P73, D75 |
| 172 | Liu, Hailong | D41 |
| 173 | Liu, Dan | D38, P38 |
| 174 | Liu, Hening | D13 |
| 175 | Ljungqvist, Alexander | P8 |
| 176 | Loewenstein, Mark | D13 |
| 177 | Loh, Roger | D32 |
| 178 | Lu, Ruichang | P56 |
| 179 | Lu, Jing | D44, P44 |
| 180 | Lu, Rong | P7 |
| 181 | Lu, Jun | P64 |
| 182 | Luo, Xingguo | D18 |
| 183 | Luo, Dan | P18 |
| 184 | Ma, Yaming | D36 |
| 185 | Ma, Xiaorong | P51 |
| 186 | Mao, Yifei | D43, D9, D78 |
| 187 | Mao, Mike Qinghao | P20, D28 |
| 188 | Matos, Pedro | P17, D56, D45, C52 |
| 189 | Matveyev, Egor | D51, P59, D67 |
| 190 | Maurer, Thomas | D27 |
| 191 | Megginson, William | D54 |
| 192 | Meng, Juanjuan | P12 |
| 193 | Miao, Jianjun | D27, C24, D74, P74 |
| 194 | Moeller, Thomas | D58, P53 |
| 195 | Mukherjee, Abhiroop | D43, P78 |
| 196 | Ng, David | C20, D31, P67 |
| 197 | Nguyen, Bang Dang | P59, D54 |
| 198 | Nguyen, Bang Dang | D57 |
| 199 | ni, sophie | P19 |
| 200 | Nielsen, Kasper Meisner | D57 |
| 201 | Ozbas, Oguzhan | P58, D53, C60 |
| 202 | Palomino, Francisco | P23 |
| 203 | Pang, Jiaren | D10 |
| 204 | Pearson, Neil | D49 |
| 205 | Peng, Lin | P21 |
| 206 | Petry, Stefan | P10 |
| 207 | Pfeil, Sebastian | P55 |
| 208 | Pool, Veronika | C45, D45 |
| 209 | Pritsker, Matthew | D68, P68, D69 |
| 210 | Purnanandam, Amiyatosh | P43 |
| 211 | Qi, Liang | D36 |
| 212 | Qi, Yaxuan | D8, D61 |
| 213 | Qian, Meijun | D17, P62 |
| 214 | Qian, Wenlan | P75 |
| 215 | Qin, Xiao | D41 |
| 216 | Reeb, David | D59, C54 |
| 217 | Ren, Jinjuan | P76 |
| 218 | Rosenthal, Dale | P16 |
| 219 | Rubin, Amir | P57 |
| 220 | Rui, Meng | D65 |
| 221 | Schneider, Christoph | D65, P65 |
| 222 | Sen, Rik | D64, P64, D52 |
| 223 | Shao, Pei | D56, P9 |
| 224 | Shen, Rui | P8 |
| 225 | Shen, Guobing | P38 |
| 226 | Shi, Yongdong | D39 |
| 227 | Shi, Xinxiang | P36 |
| 228 | Shi, Yang | P42 |
| 229 | Shim, Kyung | D24, P24 |
| 230 | Shue, Kelly | C26, P12, D60, P52 |
| 231 | Sialm, Clemens | D8, P13, P75 |
| 232 | Sibley, Steven | P67 |
| 233 | Sojli, Elvira | P21, P49, D16 |
| 234 | Solnik, Bruno | P20 |
| 235 | Solomon, David | D26, P26 |
| 236 | Song, Qinghua | C44 |
| 237 | Song, Zhaogang | D20 |
| 238 | Song, ZhongZhi | D29, P24, D67 |
| 239 | Stambaugh, Robert | P29 |
| 240 | Sun, Zhenzhen | P49 |
| 241 | Sun, Qi | P79, D80 |
| 242 | Sun, Lei | D28 |
| 243 | sun, qian | C40 |
| 244 | Sun, Lei | D57 |
| 245 | Tang, Dragon | D61 |
| 246 | Tang, Ya | D7, D39 |
| 247 | Tang, Tilan | D21 |
| 248 | Tang, Vincent | P47 |
| 249 | Tang, Yongjun | D68, P68 |
| 250 | Taub, Bart | P53 |
| 251 | Tian, Lihui | D36 |
| 252 | Tian, Gary | D65, P65, D73 |
| 253 | Tian, Shu | D7 |
| 254 | Titman, Sheridan | C80 |
| 255 | Tong, Qing | P32 |
| 256 | Tu, Jun | D49, D33 |
| 257 | Twite, Garry | C64, D64 |
| 258 | Twite, Garry | D65 |
| 259 | Visaltanachoti, Nuttawat | P33 |
| 260 | von Thadden, Ernst-Ludwig | P15 |
| 261 | Walker, Mark | P59, D54 |
| 262 | Wang, Rong | P28 |
| 263 | Wang, Kevin | P19 |
| 264 | Wang, Neng | C55, P45, P60 |
| 265 | Wang, Zhenyu | P72, C15 |
| 266 | Wang, Ying | P57 |
| 267 | Wang, Xiaolu | P30 |
| 268 | Wang, Honglin | P62 |
| 269 | Wang, Lingling | P51 |
| 270 | Wang, Tracy | D59, P52 |
| 271 | Wang, Yan | P60, P52 |
| 272 | Wang, Tan | C27, D24 |
| 273 | Wang, Zhen | D79, D47 |
| 274 | Wang, Yintian | D18, P76 |
| 275 | Wang, Zexi | D50, P79 |
| 276 | Wang, Jay | D17, D75 |
| 277 | Wang, Yajun | P12, D66, D16, P16 |
| 278 | Wang, Tianxi | D72, P72 |
| 279 | Wang, Wei | P43, D52, P52 |
| 280 | Warachka, Mitch | D26, D33, P73 |
| 281 | Wei, K.C. John | C28, P33 |
| 282 | Wei, Min | P49 |
| 283 | Wei, Bin | D12, C74, P67 |
| 284 | Wu, Jing | P75 |
| 285 | wu, ying | D21, D20 |
| 286 | Wu, Youchang | P17, D20, D45 |
| 287 | Wu, Mark | D66 |
| 288 | Wu, Chongfeng | C41 |
| 289 | Wu, Ge | D40, P40 |
| 290 | Wu, Chaopeng | P56, P47, D74 |
| 291 | Wu, Xueping | D50, P8 |
| 292 | Xia, Han | P58, D68 |
| 293 | Xiao, Gang | D21 |
| 294 | Xie, Fei | P56, P57 |
| 295 | Xie, Wensi | P69 |
| 296 | xin, qingquan | D5, P5 |
| 297 | Xing, Yuhang | D19, C69 |
| 298 | xinrong, Zhu | P37 |
| 299 | Xu, Nianhang | P7, D42 |
| 300 | Xu, Yexiao | C29 |
| 301 | Xu, Lai | D24, P24 |
| 302 | Xu, zhiwei | D79 |
| 303 | Xu, Limin | D79, P80 |
| 304 | Xuelian, Li | P37 |
| 305 | Yan, Xuemin (Sterling) | C38 |
| 306 | Yan, Shu | D18, P19, D73 |
| 307 | Yan, Hong | D61 |
| 308 | Yang, Zhaojun | P72 |
| 309 | Yang, Rui | D36 |
| 310 | Yang, Wei | D11, D31, C67 |
| 311 | Yang, Ming | P55, D58 |
| 312 | Yang, Liyan | C30, D30, D27 |
| 313 | Yang, Zhishu | C42 |
| 314 | Yao, Tong | P21, D17 |
| 315 | Ye, Mao | P66, C16 |
| 316 | Yin, Zhichao | D38, P38 |
| 317 | Yin, Weiwei | P31 |
| 318 | Yong, Li | D17 |
| 319 | Yu, Frank | D78 |
| 320 | Yu, Frank | D9 |
| 321 | Yu, Jialin | D32, C66 |
| 322 | Yu, Fan | D61, P61 |
| 323 | Yu, Tong | P49, P61 |
| 324 | Yu, Xiaoyun | D9, C78, D28 |
| 325 | Yu, Yuejuan | D43 |
| 326 | Yuan, Yu | D20, D30 |
| 327 | Yue, Vivian | C31, D31, P69 |
| 328 | Zaldokas, Alminas | D58, D59, P80, P60 |
| 329 | Zeng, Xudong | P13 |
| 330 | Zhang, Jianing | D76 |
| 331 | zhang, xueyong | D76 |
| 332 | Zhang, Hua | D7 |
| 333 | Zhang, Lu | P32 |
| 334 | Zhang, Qunzi | P19 |
| 335 | Zhang, Le | D59 |
| 336 | Zhang, Hong | P20, P51, D62, D10 |
| 337 | Zhang, Feng | D51, D53 |
| 338 | Zhang, Weina | P23, D62, D10 |
| 339 | Zhang, Xin | D38 |
| 340 | Zhang, Zhe | D29 |
| 341 | Zhang, Yulong | P6 |
| 342 | Zhang, Hong Feng | P76 |
| 343 | Zhang, Huiping | P21 |
| 344 | Zhang, Jingyi | D23 |
| 345 | Zhang, Hao | P6 |
| 346 | Zhang, Harold | D29, C68 |
| 347 | Zhang, Xiaoyan | C32 |
| 348 | Zhang, Chu | P18 |
| 349 | Zhang, Yupeng | P41 |
| 350 | zhang, lei | P10 |
| 351 | Zhao, Xinge | C7 |
| 352 | Zhao, Bin | D73 |
| 353 | ZHAO, Shan | D58, P59 |
| 354 | Zheng, Lu | C17, P45, P28 |
| 355 | Zhenlong, Zheng | C6, P41 |
| 356 | ZHONG, Ninghua | P65 |
| 357 | Zhou, Hao | P31 |
| 358 | zhou, mingshan | D48, P48 |
| 359 | Zhou, Guofu | C33 |
| 360 | Zhou, Yinggang | P29 |
| 361 | Zhou, Yang | D13 |
| 362 | Zhou, Kaiguo | D5, P5 |
| 363 | Zhu, Jigao | P36, D42 |
| 364 | Zhu, John | D55, D74, P74 |
| 365 | Zhu, Qiaoqiao | D64 |
| 366 | Zhu, Yingzi | D76, D33 |
| 367 | Zhu, Haoxiang | D55, D74, P66, D16 |
| 368 | Zhu, Ning | C61, P66 |
| 369 | Zhu, Song | P44 |
| 370 | Zuo, Luo | P57 |
| 371 | Zuo, Dayong | D7 |
| 372 | 杨, 子晖 | P37 |
This program was last updated on 2013-07-04 22:25:8 EDT