Fourth Annual Mid-Atlantic Research Conference - 2009

8:15 Registration and Coffee Session
8:40 Opening Remarks
8:45 Dean's Welcome and Remarks
9:00

Market Microstructure Session: Chair: Michael Pagano, Villanova U.

Institutional Trading Frictions
Chiraphol N. Chiyachantana, Singapore Management U., and Pankaj K. Jain, U. of Memphis

Discussant: 
Yan Li, Cornell University

Institutional Trading, Brokerage Commissions, and Information Production around Stock Splits
Thomas J. Chemmanur, Boston College, Gang Hu, Babson College, and Jiekun Huang, Boston College

Discussant: 
David Weinbaum, Cornell University

Multimarket Trading, Volume Dynamics, and Market Integration
Michael Halling, U. of Utah, Pamela C. Moulton, Fordham U., and Marios Panayides, U. of Utah / U. of Pittsburgh

Discussant: 
Darwin Choi, Yale School of Management

10:30 Coffee Break
10:45

Corporate Finance Session: Chair: Darius Palia, Rutgers U. / Princeton U.

CEO Deal-Making Activity, CEO Compensation and Firm Value
Eliezer M. Fich, Drexel U., Laura T. Starks, U. of Texas-Austin, and Adam S. Yore, Drexel U. / Northern Illinois U.

Discussant:
David Reeb, Temple U.

A Comparative Analysis of Shareholder Activism in the US and UK: Evidence from Shareholder Proposals
Bonnie Buchanan, U. of Seattle, and Tina Yang, Clemson U. / Villanova U.
Discussant: 
Dalida Kadyrzhanova, U. of Maryland

Mergers and Persistence
Jeffrey Jaffe, U. of Pennsylvania / Wharton, David Pedersen, Drexel U., and Torben Voetmann, Cornerstone Research

Discussant:
Scott Bauguess, Securities and Exchange Commission

12:15

Lunch and Keynote Speaker (in the MBA Commons room)

The Role of the Bankruptcy Process in Facilitating Corporate Restructuring
Michael Lemmon, University of Utah

1:30

Financial Institutions and Markets Session: Chair: Jonathan Scott, Temple U.

The Impact of Concentration and Sophistication of the Banking Sector on Sovereign Risk
Erdem Aktug, Lehigh U., Nandkumar Nayar, Lehigh U., and Geraldo Vasconcellos, Lehigh U.
Discussant: 
Joseph Mason, Louisiana State U.

The Impact of Joint Participation on Liquidity in Equity and Syndicated Bank Loan Markets
Linda Allen, Baruch College-CUNY, Aron Gottesman, Pace U., and Lin Peng, Baruch College-CUNY
Discussant: 
Ronel Elul, Federal Reserve Bank - Philadelphia

Convertible Bond Arbitrageurs as Suppliers of Capital
Darwin Choi, Yale School of Management, Mila Getmansky, University of Massachusetts, Amherst, Brian Henderson, George Washington University, and Heather Tookes, Yale School of Management

Discussant:
Naveen Daniel, Drexel U.

3:00 Coffee Break
3:15

Investments Session: Chair: Giorgios Skoulakis, U. of Maryland

Relative Wealth Concerns and Complementarities in Information Acquisition
Diego García, U. of North Carolina at Chapel Hill, and Günter Strobl, U. of North Carolina at Chapel Hill

Discussant: 
Giorgios Skoulakis, U. of Maryland

Fundamentals, Trader Activity and Derivative Pricing
Bahattin Büyükşahin, CFTC, Michael S. Haigh, Societe Generale, Jeffrey H. Harris, CFTC / U. of Delaware, James A. Overdahl, SEC, and Michel A. Robe, CFTC / American U.
Discussant: 
Xiaoxia Lou, U. of Delaware

The Evolution of Aggregate Stock Ownership: A Unified Explanation
Kristian Rydqvist, Binghamton U., Joshua Spizman, Binghamton U., and Ilya Strebulaev, Stanford U.

Discussant:  
Yuzhao Zhang, Temple U.

4:45 Wine and Beer Reception

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