European Financial Management Association
2007 Annual Meetings
June 27- 20, 2007
Vienna, Austria


Note#1: Session Chairs and Discussants can download papers for the meetings from this page. Authors can update the version of their paper(s) and/or abstract(s) on this webpage later. Please email your paper/abstract directly to: Shravan Chouti

Note#2: If you wish your paper to be considered for publication in the EFM journal, convey your interest to your Session Chair.

Presentations: For your presentations at the EFMA Meetings please note that all rooms are equipped with computers. Power Point (USB or CD) and Overhead Projector (transparencies) presentation options are available.

Conference Presentations:
Laptops will be Available in all Rooms for Conference Presentations.


Discussants' Responsibility: To better serve the needs of authors presenting papers at the EFMA meetings, discussants are kindly required to hand out to the authors and the session chair 1-2 pages handwritten comments with their constructive comments.


Accepted Papers & Participants List

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Participants

Paper


Baiman Stanley, Bar-Yosef Sasson, Sarath Bharat
Email: mssasson@huji.ac.il
Bilateral Incentive Problems and the Financing of Start-Ups


Bajlum Claus, Larsen Peter
Email: plarsen@econ.au.dk
Capital Structure Arbitrage: Model Choice and Volatility Calibration


Balboa Marina, Gómez-Sala Juan Carlos, López-Espinosa Germán
Email: Marina.Balboa@ua.es
Does the value of recommendations depend on the level of optimism? A country-based analysis


Balboa Marina, Martí José
Email: jmartipe@ccee.ucm.es
Sensitivity of the supply of private equity to changes in fiscal and legal regulations: Evidence from Spain


Bancel Franck, Mittoo Usha
Email:
Why European firms go public?


Bank Matthias, Lawrenz Jochen
Email: jochen.lawrenz@uibk.ac.at
Demand deposits as commitment device and the optimal debt mix of banks in a continuous-time framework


Barak Ronen, Lauterbach Beni
Email: beni@tx.technion.ac.il
Estimating the Private Benefits of Control from Block Trades: Methodology and Evidence


Barbopoulos Leonidas, Paudyal Krishna, Pescetto Gioia
Email: leonidas.barbopoulos@durham.ac.uk
Corporate Governance and Corporate Valuations: Evidence from Mergers and Acquisitions


Barnes Edel, Scott Michelle
Email: e.barnes@ucc.ie
An Empirical Investigationinto the Relative Importance of Stock Picking vis-a-vis Indexing in the UK Equity Markets over the period 1991-2005.


Barros Lucas Ayres, da Silveira Alexandre Di Miceli
Email: lucasayres2002@yahoo.com.br
Importance of Managers for Corporate Policies: Evidences of Fixed Management Effects in Brazil.


Bassen Alexander, Prigge Stefan, Zöllner Christine
Email: prigge@web.de
Incentives Matter: A Single-Provision Analysis of the German Corporate Governance Code


Basu Nilanjan, Dimitrova Lora, Paeglis Imants
Email: l_dimitr@jmsb.concordia.ca
Family control and dilution in mergers


Batten Jonathan, Szilagyi Peter
Email: jabatten@gmail.com
Is Covered Interest Parity Arbitrage Extinct? Evidence from the Spot USD/Yen


Bauer Rob, Cosemans Mathijs, Eichholtz Piet, Goldfinger Michael
Email: M.Cosemans@finance.unimaas.nl
The performance and persistence of individual investors: rational agents or tulip maniacs?


Bauer Rob, Cosemans Mathijs, Schotman Peter
Email: M.Cosemans@finance.unimaas.nl
Conditional Asset Pricing and Stock Market Anomalies in Europe


Bechmann Ken, Lunde Asger, Zebedee Allan
Email: azebedee@mail.sdsu.edu
Interpreting Announcement Effects using Market Microstructure: An Examination of Convertible Bond Calls


Beck Thorsten, Demirguc-Kunt Asli, Laeven Luc, Levine Ross
Email: TBeck@worldbank.org
Finance, Firm Size, and Growth


Beck Thorsten, Demirguc-Kunt Asli, Martinez Peria Maria Soledad
Email:
Banking Services for Everyone? Barriers to Bank Access and Use Around the World


Belleri Matteo, Navone Marco
Email: marco.navone@unibocconi.it
HEDGE FUNDS: ABILITY PERSISTENCE AND STYLE BIAS


Beltratti Andrea, Caccavaio Marianna
Email: marianna.caccavaio@unibocconi.it
Asset float and stock prices: Evidence from the Chinese stock market


Ben-Abdallah Ramzi, Breton Michèle
Email: ramzi.ben-abdallah@hec.ca
An analysis of the True Notional Bond System Applied to the CBOT T-Bond Futures


Benhami Kheira
Email: kheira.benhami@univ-tlse1.fr
Liquidity providers' valuation of anonymity: The Nasdaq Market Makers evidence


Bernard Carole, Le Courtois Olivier, Quittard-Pinon François
Email: lecourtois@em-lyon.com
Pricing Derivatives with Barriers in a Stochastic Interest Rate Environment


Bessiere Veronique, Sentis Patrick
Email: veronique.bessiere@wanadoo.fr
Corporate disclosure, information uncertainty and investors’ behavior: A test of the overconfidence effect on market reaction to goodwill write-offs


Bessler Wolfgang, Drobetz Wolfgang
Email: wolfgang.drobetz@wiso.uni-hamburg.de
Conditional Performance Evaluation for German Mutual Equity Funds


Bi-Huei Tsai
Email: Joy@mail.nctu.edu.tw
A Re-examination of Ex-Dividend Day Price Movements: Evidence from ADR Market


Bird Ron
Email: ron.bird@uts.edu.au
The Profitability of Style Rotation for Value and Growth Stocks Along Their Earnings and Momentum Life Cycle


Bird Ron, Casavecahia Lorenzo, Reggiani Francesco
Email: ron.bird@uts.edu.au
Corporate Social Responsibility and Corporate Performance: Where to Begin?


Bjursell Johan, Frino Alex, Tse Yiuman, Wang George H. K.
Email: cbjursel@gmu.edu
Volatility and Trading Activity Following Changes in the Size of Futures Contracts


Black Bernard, Khanna Vikramaditya
Email: vskhanna@umich.edu
Can Corporate Governance Reforms Increase Firms’ Market Values: Evidence from India


Black Bernard, Kim Woochan
Email: bblack@law.utexas.edu
The Effect of Board Structure on Firm Value in an Emerging Market: IV, DiD, and Firm Fixed Effects Evidence from Korea


Bloos Uwe-Wilhelm
Email: bloos@finance.uni-frankfurt.de
On the Organization of Risk Management


Blum Jürg
Email: juerg.blum@snb.ch
Why 'Basel II' May Need a Leverage Ratio Restriction


Jan Bartholdy, Blunck Benjamin W.
Email: jby@asb.dk
Merger Wave Theory and the European Merger Wave of the 90s


Bonini Stefano, Alkan Senem
Email: stefano.bonini@unibocconi.it
The Macro and Political Determinants of Venture Capital Investments around the World


Bonini Stefano, Voloshyna Olena
Email: stefano.bonini@unibocconi.it
Underpricing, Bookbuilding and Competitive IPO: an Experimental Analysis


Booth G. Geoffrey, Gurun Umit G., Zhang Harold
Email: umit.gurun@utdallas.edu
Who Are the “Informed” in Bond Markets: Foreign or Domestic Traders?


Booth Laurence, Georgeopolous George, Hejazi Walid
Email: booth@rotman.utoronto.ca
What drives Provincial – Canada Yield Spreads?


Bortolotti Bernardo, Megginson William, Smart Scott
Email: wmegginson@ou.edu
The Rise of Accelerated Seasoned Equity Underwritings


Bosch Oliver
Email: bosch@finance.uni-frankfurt.de
Information Asymmetry and the Pricing of Private Debt - Evidence from European Syndicated Loans


Bosch Oliver, Steffen Sascha
Email: steffen@finance.uni-frankfurt.de
Informed Lending and the Structure of Loan Syndicates - Evidence from the European Syndicated Loan Market


Bourghelle David, Cellier Alexis
Email: David.bourghelle@iae.univ-lille1.fr
LIMIT ORDER CLUSTERING AND PRICE BARRIERS ON FINANCIAL MARKETS: EMPIRICAL EVIDENCE FROM EURONEXT


BRIGHI PAOLA, TORLUCCIO GIUSEPPE
Email: paola.brighi@unibo.it
Evidence on Funding Decisions by Italian SMEs: A Self-Selection Model?


Brooks Robert, Di Iorio Amalia, Faff Robert, Wang Yuenan
Email: amalia.diiorio@rmit.edu.au
TESTING THE INTEGRATION OF THE US AND CHINESE STOCK MARKETS IN A FAMA-FRENCH FRAMEWORK


Brooks Robert, Faff Robert, Mulino Daniel, Scheelings Richard
Email: robert.faff@buseco.monash.edu.au
Deal or no Deal? That is the Question


Brown Rob, Chan Howard, Ho Yew Kee
Email: chanhw@unimelb.edu.au
ANALYSTS’ RECOMMENDATION CHANGES OR DISAGREEMENTS WITH MARKET CONSENSUS: FROM WHICH SIGNAL DOES THE MARKET TAKE ITS LEAD?


Bruche Max
Email:
Coordinated and Uncoordinated Liquidation Decisions of Creditors


Bugeja Martin
Email: m.bugeja@econ.usyd.edu.au
Does an independent board and external monitoring prevent the pursuit of value reducing takeovers?


Buraschi Andrea, Cieslak Anna, Trojani Fabio
Email: fabio.trojani@unisg.ch
Correlation Risk and the Term Structure of Interest Rates


Buraschi Andrea, Porchia Paolo, Trojani Fabio
Email: paolo.porchia@unisg.ch
Correlation Risk and Optimal Portfolio Choice


Byers Steven, Fields L. Paige, Fraser Donald
Email:
Corporate Governance, Information Opaqueness, and the Perceived Value of Bank Loans


Byrne Alistair, Blake David, Mannion Graham
Email: alistair.byrne@strath.ac.uk
Contribution and Investment Decisions in a Large Defined Contribution Pension Plan


Byrne Alistair, Clacher Iain, Hillier David
Email: alistair.byrne@strath.ac.uk
Pension Accounting and Managerial Incentives in the UK