KFA&TFA Joint Conference in Finance

Transcription

1 KFA&TFA Joint Conference in Finance Agenda September 24, 2011(Saturday) Location: 4 th Floor, Building 1, Management College, National Taiwan University Time/ 時間 Sessions & Places 09:20~09:45 Registration Opening ceremony 09:45~10:10 Organizer welcoming remarks Professor Shing-Yang Hu(National Taiwan University) Professor Sangsoo Park (Kyung Hee University, KFA President) Outstanding Papers Award Ceremony Room :10~10:30 Coffee Break Academic session (#1) Academic session (#2) Academic session (#3) 10:30~12:10 Corporate Finance Investments Derivatives Room 402 Room 403 Room :10~13:40 Lunch Room 405 Academic session (#4) Academic session (#5) Academic session (#6) 13:40~15:20 Corporate Finance Investments Financial Institutions Room 402 Room 403 Room :20~15:40 Coffee Break Academic session (#7) Academic session (#8) Academic session (#9) 15:40~17:20 Corporate Finance Derivatives Financial Institutions Room 402 Room 403 Room :00~ Dinner Banquet

2 Organizing Committee Members: KFA Sangsoo Park Kyung Hee University KFA President Seokchin Kim Kyungpook National University KFA President-Elect Hee-Joon Ahn Sungkyunkwan University KFA Review Committee Chair Kwangwoo Park KAIST KFA Organizing Committee Co-Chair Kyung Suh Park Korea University KFA Organizing Committee Co-Chair TFA Schive Chi Taiwan Stock Exchange TFA Chairman Simon H. Yen National Chengchi University TFA Secretary-General Yehning Chen National Taiwan University TFA Review Committee Chair Shing-yang Hu National Taiwan University TFA Organizing Committee Co-Chair Min-Teh Yu National Taiwan University TFA Organizing Committee Co-Chair

3 Academic Session (#1) Time: 10:30~12:10 Room: 4F Room 402, Building 1, College of Management Topic: Corporate Finance Chair: Chuang-Chang Chang / 1. The Effect of Internal Capital Markets on Corporate Investment: Evidence from the Asian Financial Crisis Chang-Soo Kim Yonsei University, Korea Heitor Almeida University of Illinois Urbana-Champaign, USA 2. The Hierarchy of Dividends and Investment Decisions with Discretionary Accruals Chuan-San Wang 3. Heated Negotiation with the Syndicate and IPOs Jin Q Jeon Dongguk University, Korea Jin San Kim Kyungpook National University, Korea Cheolwoo Lee Ferris State University, USA 4. Informed Traders: Linking legal insider trading and share repurchases Konan Chan University of Hong Kong, Hong Kong David L. Ikenberry Inmoo Lee Yanzhi Wang University of Colorado- Boulder, USA Korea Advanced Institute of Science and Technology, Korea Yuan Ze University, Taiwan Hong-Yi Chen Chae Yeol Yang Keng-Yu Ho Jinho Jeong Chonnam National University, Korea

4 Academic Session (#2) Date: Sep 24, 2011 Time: 10:30~12:10 Room: 4F Room 403, Building 1, College of Management Topic: Investments Chair: Simon H. Yen / National Chengchi University, Taiwan 1. An Empirical Study on Factors Leading to a Successful Gold Futures Market Jongwoon Hong Korea Asset Pricing, Korea Hyoung-Jin Park Seoul Women s University, Korea 2. U.S. Market Gains and Asian Investors Overconfident Trading Behavior Wen-I Chuang National Taiwan University,Taiwan Bong-Soo Lee Florida State University, Taiwan Kai-Li Wang Tunghai University, Taiwan 3. Informational Contents on Stock Lending & Borrowing Transactions Sun-Wung Hwang Chung-Ang University, Korea Yeong-Suk Cho Mokpo National University, Korea 4. Order Imbalances in Options and Volatility Risk Premium on Equity Index Chin-Ho Chen National Chiao Tung University, Taiwan Huimin Chung National Chiao Tung University, Taiwan Wen-Liang G. Hsieh National Chiao Tung University, Taiwan Shu-Fang Yuan Nanhua University, Taiwan Chao-Chung Kang Providence University, Taiwan Dar-Hsin Chen Hsien-hsing Liao Tsung-Kang Chen Wonnho Choi National Taipei University, Taiwan Fu Jen Catholic University, Taiwan Kangwon National University, Korea

5 Academic Session (#3) Date: Sep 24, 2011 Time: 10:30~12:10 Room: 4F Room 405, Building 1, College of Management Topic: Derivatives Chair: Ching-Fan Chung/ National Tsing Hua Uinversity, Taiwan 1. Pricing Kernel-Based Option Valuation Approach: A New Perspective Doojin Ryu Chung-Ang University, Korea 2. Option-implied Sentiment Measures and Credit Default Swap Spreads Yi-Hsuan Chen Chung Hua University, Taiwan Kehluh Wang National Chiao Tung University, Taiwan 3. Dividend-rollover Effect & the Ad Hoc Black Scholes Model Youngsoo Choi Hankuk University of Foreign Studies, Korea Steven J. Jordan Econometric Solutions Soon Chan Ok e*value, Korea 4. Bivariate GARCH-Jump Model Chuang-Chang Chang Hsiao-Wei Ho Tzu-Hsiang Liao Yaw-Huei Wang Ming Chuan University, Taiwan Meng-Lan Yueh Sol Kim Pai-Ta Shih National Chengchi University, Taiwan Hankuk University of Foreign Studies, Korea

6 Academic Session (#4) Time: 13:40~15:20 Room: 4F Room 402, Building 1, College of Management Topic: Corporate Finance Chair: Chang-Soo Kim/ Yonsei University, Korea 1. Does National Culture Influence the Firm s Choice of Debt Maturity? Kiyoung Chang University of South Florida-Sarasota, USA Jung-Bum Wee Kyung Hee University, Korea Ha-Chin Yi Texas State University, USA 2. Labor Union and Share Repurchases Sheng-Syan Chen Yan-Shing Chen Yanzhi Wang National Yunlin University of Science and Technology, Taiwan Yuan Ze University, Taiwan 3. How Does Product Market Competition Interact with Internal Corporate Governance?: Evidence from the Korean Economy Hee Sub Byun Ji Hye Lee Kyung Suh Park 4. Value of Cash Holdings: the Impact of Cash from Operating, Financing, and Investing Activities Yenn-Ru Chen National Cheng Kung University, Taiwan Agnes Cheng Louisiana State University, USA Yu-Lin Huang National Cheng Kung University, Taiwan Hongming Huang Jang Woo Lee Yanzhi Wang Ji Yoon Chae Pusan National University, Korea Yuan Ze University, Taiwan Financial Economy Institute, Korea

7 Academic Session (#5) Time: 13:40~15:20 Room: 4F Room 403, Building 1, College of Management Topic: Investments Chair: Seokchin Kim / Kyungpook National University, Korea 1. The more transparent, the better?: Effect of transparency regime changes on large/actively traded stocks in KRX Jaeuk Khil Hanyang University, Korea Young S. Park Sogang University, Korea Jhinyoung Shin Yonsei University, Korea 2. Pricing Royalty in a Build-Operate-Transfer Scheme under Information Asymmetry Chao-Chung Kang Tsun-Siou Lee Szu-Chi Huang Providence University, Taiwan 3. Performance Analysis of Pairs Trading Strategy Utilizing High Frequency Data with an Application to KOSPI 100 Equities Jooyoung Yun Mirae Asset Maps Global Investments, Korea Kangwhee Kim Harvard University, USA 4. Causes and Impacts of Foreign Institutional Investors Herding in the Taiwan Stock Market Yang-Cheng Lu Ming Chuan University, Taiwan Hao Fang Hwa Hsia Institute of Technology, Taiwan Yueh-Hsiang Lin Jongwoon Hong Jin-Huei Yeh Jhinyoung Shin National Taipei College of Business, Taiwan Korea Asset Pricing, Korea Yonsei University, Korea

8 Academic Session (#6) Time: 13:40~15:20 Room: 4F Room 405, Building 1, College of Management Topic: Financial Institutions Chair: Min-Teh Yu / 1. Seasonality in Mutual Fund Flows Hyung-Suk Choi Hongik University, Korea 2. Income Diversification and Bank Profitability and Risk: An Empirical Analysis of Asian Banks Chien-Chiang Lee National Sun Yat-sen University, Taiwan Shih-Jui Yang National Sun Yat-sen University, Taiwan Chi-Hung Chang National Sun University, Taiwan 3. Private Equity Funds in the Partial Acquisitions Market: Effect on the Target Firm Governance Yun Woo Park Chung-Ang University, Korea Young S. Kim Northern Kentucky University, USA Moon H. Song San Diego State University, USA 4. Risk-Shifting Behavior at Commercial Banks under Different Deposit Insurance Systems: Further Evidence from U.S Markets Chuang-Chang Chang Ruey-Jenn Ho Hsiang-Lin Chih Jin San Kim Yehning Chen Seung Doo W. Choi National Taipei University, Taiwan Kyungpook National University, Korea National Chung Hsing Uinversity, Korea

9 Academic Session (#7) Time: 15:40~17:20 Room: 4F Room 402, Building 1, College of Management Topic: Corporate Finance Chair: Sun-Wung Hwang / Chung-Ang University, Korea 1. Does Ownership Matter? Evidences from Operating Performance of Privatization IPOs around the World Jang Woo Lee Pusan National University, Korea Seung Doo W. Choi Dongeui University, Korea William Megginson University of Oklahoma, USA 2. Social Networks, Syndication, and Performance: Evidence from Leveraged Buyout Investments Betty (H.T.) Wu Yonsei University, Korea 3. Relationships Between Corporate Shareholdings and Cash Dividend: Evidence from Firms in China and Korea Jianing Yu Renmin University of China, China Sunghwan Kim Kyungpook National University, Korea Seongbae Jeon Kyungpook National University, Korea 4. Post-Earnings-Announcement Drift and Foreign Investors Trading Behavior in Korea Yunsung Eom Hansung University, Korea Jaehoon Hahn Yonsei University, Korea Wook Sohn KDI School, Korea Yi-Lin Wu Tzuting Lin Konan Chan Chuan-San Wang The University of Hong Kong, Hong Kong

10 Academic Session (#8) Time: 15:40~17:20 Room: 4F Room 403, Building 1, College of Management Topic: Derivatives Chair : Robert I. Webb / Korea Advanced Institute of Science and Technology, Korea 1. Jumps and Trading Activity in Interest Rate Futures Markets: The Response to Macroeconomic Announcements Johan Bjursell Ronin Capital, USA George H. K. Wang George Mason University, USA Robert I. Webb Korea Advanced Institute of Science and Technology, Korea 2. Detecting Jump Activity on Ultra-High Frequency VIX Data Yueh-Neng Lin National Chung Hsing University, Taiwan Jeremy C. Goh Singapore Management University, Singapore 3. The Impact of Derivatives Hedging on Stock Market: Evidence from Taiwan Covered Warrants Market San-Lin Chung Wen-Renq Liu Wei-Che Tsai 4. Does Derivative Trading Affect Stock Volatility? Daehong T. Jaang Hallym University, Korea San-Lin Chung Youngsoo Choi Hyoung-Jin Park Tony Chieh-Tse Hou Hankuk University of Foreign Studies, Korea Seoul Women s University, Korea National Dong Hwa University, Taiwan

11 Academic Session (#9) Time: 15:40~17:20 Room: 4F Room 405, Building 1, College of Management Topic: Financial Institutions Chair: Jin Woo Park / Hankuk University of Foreign Studies, Korea 1. The Best Analyst for the Buy-Side Institution may not be Your Best Analyst: Investor Response and Relationship between Optimistic Bias and Ex-post Votes Sang Koo Kang Joonghyuk Kim 2. Is Banking Credit Rating Trustable: Competition and Quality-Global Evidence Yu-Li Huang Takming University of Science and Technology, Taiwan Chung-Hua Shen 3. Applying Intra-Horizon Risk in Measuring Banks Credit Risk Capital Requirements Simon H. Yen National Chengchi University, Taiwan Shao-chieh Lin National Chengchi University, Taiwan 4. The Political Interferences in Government Banks: Do the Institutional Factors Matter? Chung-Hua Shen Iftekhar Hasan Lally School of Management&Technology, Rensselaer Polytechnic Institute, USA Chih-Yung Lin National Taichung Institute of Technology, Taiwan Hsiou-Wei Lin Yun Woo Park Hak Kon Kim Sunghwan Kim Chung-Ang University, Korea Korea Advanced Institute of Science and Technology, Korea Kyungpook National University, Korea