||Registration and Coffee Session
||Dean's Welcome and Remarks
Corporate Governance Session: Chair: Adi Mordel, Drexel University
Jie Cai, Drexel University, Jacqueline Garner, Drexel University, and Ralph Walkling, Drexel University
Discussant: Paul Hanouna, Villanova University
Governance Mechanisms and Effective Activism: Evidence from Shareholder Proposals on Poison Pills
Mireia Gine, U. of Pennsylvania, and Rabih Moussawi, U. of Pennsylvania
Discussant: Anne Anderson, Lehigh University
Board Meetings and Firm Value
Ivan Brick, Rutgers University, and N. K. Chidambaran, Rutgers University
Discussant: Pornsit Jiraporn, Penn State – Great Valley
Financial Institutions and Markets Session: Chair: Joseph Mason, Drexel U.
Implicit Recourse and Credit Card Securitizations: What do Fraud Losses Reveal?
Todd Vermilyea, Federal Reserve Bank of Philadelphia, Elizabeth Webb, Federal Reserve Bank of Philadelphia Andrew Kish, Federal Reserve Bank of Philadelphia
Discussant: Stav Gaon, Citigroup Global Markets Inc.
Real Estate Risk Effects on Financial Institutions’ Stock Return Distribution: A Bivariate GARCH Analysis
Elyas Elyasiani, Temple University, Iqbal Mansur, Widener University, and Jill Wetmore, Saginaw Valley State University
Discussant: Shawn Howton, Villanova University
Trading, Price Setting and Volatility in Equity Markets under Divergent Expectations and Adaptive Valuations
Jacob Paroush, Bar Ilan University Robert Schwartz, Baruch College / CUNY Avner Wolf, Baruch College / CUNY
Discussant: Hülya K.K. Eraslan, U. of Pennsylvania, The Wharton School
Lunch and Keynote Speaker
Banks, Markets, and Liquidity
Franklin Allen, University of Pennsylvania, Wharton School
Investments Session: Chair: David Nawrocki, Villanova University
A Closer Look at Mutual Fund Advisory Fees
D. Bruce Johnsen, George Mason U.
Discussant: Michael Boldin, U. of Pennsylvania
The Index Fund Rationality Paradox
Michael Boldin, U. of Pennsylvania Gjergi Cici, College of William and Mary
Discussant: Yoon Shin, Loyola U. - Maryland
Information Acquisition, Cost of Capital and International Equity Co-movement
Qingqing Chen, Cornell University
Discussant: Paul Zurek, U. of Pennsylvania, The Wharton School
Corporate Finance Session: Chair: Jacqueline Garner, Drexel University
The Effect of APR Violations on the Seniority and Timing of Debt Issuance
Arturo Bris, IMD, Lausanne S. Abraham Ravid, Rutgers U. Ron Sverdlove, Rutgers U.
Discussant: Michael Gombola, Drexel University
The Importance of Catering Incentives: Growth or Profitability?
Denys Glushkov, U. Pennsylvania
Discussant: Meg Luo, Villanova University
|Visit to Villanova’s Applied Finance Lab (Room 25 on the ground floor)
||Wine and Beer Reception in the Faculty/Staff Lounge