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


Cabeza-García Laura, Gómez-Ansón Silvia
Email: laura.cabeza@unileon.es
Determinants of post-privatisation performance of Spanish divested firms


Canil Jean, Rosser Bruce
Email: jean.canil@adelaide.edu.au
EVIDENCE THAT LARGE CEO STOCK OPTION GRANTS ARE DETRIMENTAL TO SHAREHOLDERS


Caprio Lorenzo, Croci Ettore
Email: ettore.croci@unicatt.it
THE DETERMINANTS OF THE VOTING PREMIUM IN ITALY: THE EVIDENCE FROM 1974 TO 2003


Carapeto Maria, Gietzmann Miles
Email: mcarapeto@city.ac.uk
Bias in Affiliated Sell Side Analyst Recommendations: A Repeated Hazard Duration Model


Carrieri Francesca, Chaieb Ines, Errunza Vihang
Email: i.chaieb@uva.nl
Are the investable indices priced globally or locally?


Caselli Stefano, Corielli Francesco, Gatti Stefano
Email: caselli@unibocconi.it
CORPORATE GOVERNANCE AND INDEPENDENT DIRECTORS: MUCH ADO ABOUT NOTHING? THE EVIDENCE BEHIND PRIVATE EQUITY INVESTMENT PERFORMANCE


Cervellati Enrico Maria, Della Bina Antonio, Pattitoni Pierpaolo
Email: enrico.cervellati@unibo.it
Earnings Forecasting Bias Accuracy


Cervellati Enrico Maria, Fioriti Eleonora
Email: enrico.cervellati@unibo.it
Financial Supervision Eu Countries


Chandrashekar Satyajit, Rao Ramesh
Email: satyajit_chandrashekar@ssga.com
The Productivity of Cash and the Cross-Section of Expected Stock Returns


Chang Bin
Email:
Does the Market React Less Negatively to Dividend Payers' Seasoned Equity Offerings?


Chang Chuang-Chang, Ho Ra-Jian
Email: ccchang@cc.ncu.edu.tw
Pricing Credit Card Loans with Default Risks


Chang Shao-Chi, Chen Sheng-Syan, Lin Wen-Chun
Email: r6893106@mail.ncku.edu.tw
The Information Asymmetry for the Influence of Earnings Management on the Long-run Performance: Evidence from the Issuance of Convertible Debt


Chang Xin, Lin Shi Hua, Tam Lewis H.K., Wong George
Email: lewistam@umac.mo
Investor Sentiment, Governance Mechanisms and Post-IPO Performance in China


Chang Xin, Shekhar Chander, Tam Lewis H.K., Zhu Amy
Email: lewistam@umac.mo
Prior Relationship, Information Leakage, and the Choice of M&A Advisor


Charalambous Chris, Christofides Nicos, Constantinide Eleni, Martzoukos Spiros
Email: elenicon@ucy.ac.cy
Implied binomial trees and calibration for the volatility smile.


Charitou Andreas, Lambertides Neophytos, Trigeorgis Lenos
Email: lambertn@aston.ac.uk
Earnings Quality and Financial Performance


Chatelain Jean-Bernard, Ralf Kirsten
Email: jean-bernard.chatelain@u-paris10.fr
How Public Governance may Foster Private Corporate Governance?


CHEN QIWEI, WOOD ANDREW
Email: qwchen@essex.ac.uk
Momentum, Disposition, and tax-loss selling: the UK evidence


Chen Sheng-Syan, Chou Robin, Chou Shu-Fen
Email:
The Impact of Investment Opportunities and Free Cash Flow on Stock Market Liberalizations: A Cross-Firm Analysis of Five East Asian Countries


Chen Wei-Peng, Chung Huimin, Sheu Her-Jiun, Shiu Shufang
Email: chunghui@mail.nctu.edu.tw
Market Competition and Price Clustering: Evidence from the ETF Markets


Cheng Airu
Email: archeng@ucsc.edu
Predicting future bond returns with macro variables: a semi-parametric approach.


Cheng Peng
Email: p.cheng@surrey.ac.uk
Institutional Net Buying and Small-cap Outperformance –Evidence from Chinese IPO Market


Cheng Peng, Chen Jean
Email: p.cheng@surrey.ac.uk
Related Party Transactions: A Second Source for Earnings Management – Evidence from Chinese IPOs


A Cheng Yunfei, Wickramanayake J, Sagaram J. P. A.
Email: j.wickramanayake@buseco.monash.edu.au
Acquiring Firms’ Shareholder Wealth Effects of Selected Asian Domestic and Cross-Border Takeover Bids: China and India 1999-2003


Cheung William, Tam Lewis, Lam Keith
Email: lewistam@umac.mo
Ownership Concentration, Adverse Selection and Equity Offering Choice


Chiang Min-Hsien, Wang Jo-Yu
Email: frankyw@mail.hit.edu.tw
Information Asymmetry and Investors behavior around earnings announcements


Chou Heng-Chih, Wang David
Email: Heng-chih Chou [hcchou@mcu.edu.tw]
The performance of a default risk model with the barrier option framework and the maximum likelihood method


Chou Pin-Huang, Ho Keng-Yu, Ho Po-Hsin
Email: choup@cc.ncu.edu.tw
On the Role of Industry in the Cross-Section of Stock Returns


Chou Ray Yeutien, Wu Chun-Chou, Huang Sam, Wang Jin-Ying
Email: wucc123@seed.net.tw
Estimating Value at Risk with a Dynamical Conditional Range Model


Chou Ray Yeutien, Wu Chun-Chou, Liu Nathan
Email: nathanliu.taiwan@gmail.com
Forecasting Time-varying Covariance with a Range-Based Dynamic Conditional Correlation Model


Choudhry Taufiq, Wu Hao
Email: hw5@soton.ac.uk
FORECASTING THE TIME-VARYING BETA OF UK COMPANIES GARCH MODELS VS KALMAN FILTER METHOD


Chourou Lamia, Abaoub Ezzeddine
Email: lamiachourou@yahoo.fr
The Effect of Board of Directors’ Independence on CEO Compensation


Christophe Stephen, Ferri Michael, Angel James
Email:
Short-selling and the Weekend Effect in Stock Returns


Chun Albert Lee
Email: albert-lee.chun@hec.ca
Forecasting Interest Rates and the Macroeconomy: Blue Chip Clairvoyants, Econometrics or Qrinkage?


Chun Albert Lee
Email: albert-lee.chun@hec.ca
An Intensity-based Model for Pricing Variable Coupon Bonds


Clark Ephraim, Judge Amrit, Mefteh Salma
Email: Salma.Mefteh@essca.fr
CORPORATE HEDGING WITH FOREIGN CURRENCY DERIVATIVES AND FIRM VALUE


Coakley Jerry, Instefjord Norvald, Shen Zhe
Email: zshen@essex.ac.uk
The Winner’s Curse and Lottery-Allocated IPOs in China


Coakley Jerry, kuo Jing-Ming, Wood Andrew
Email: jkuo@essex.ac.uk
The School's Out Effect in East-Asian Stock Markets


COËN ALAIN, DESFLEURS AURÉLIE, L'HER JEAN-FRANÇOIS
Email: coen.alain@uqam.ca
The Relative Importance of Determinants of the Quality of Financial Analysts’ Forecasts: International Evidence


COËN ALAIN, HÜBNER GEORGES
Email: coen.alain@uqam.ca
Risk and Performance Estimation in Hedge Funds: Evidence from Errors in Variables


Comerton-Forde Carole, Putnins Talis
Email: T.Putnins@econ.usyd.edu.au
Measuring closing price manipulation


Constantinides George M., Perrakis Stylianos, Czerwonko Michal
Email: m_czerwo@jmsb.concordia.ca
Transaction Costs and Stochastic Dominance Efficiency in the Index Futures Options Market


Couderc Nicolas, Capelle-Blancard Gunther
Email: nicolas.couderc@reims-ms.fr
HOW DO SHAREHOLDERS RESPOND TO DOWNSIZING? A META-ANALYSIS


Croci Ettore
Email: ettore.croci@unicatt.it
INTRAGROUP M&A, MINORITY SHAREHOLDERS’ PROTECTION, AND LEGAL ORIGIN


Cui Rong, Wu Youchang
Email: youchang.wu@univie.ac.at
Disentangling Liquidity and Size Effects in Stock Returns: Evidence from China


Cumming Douglas, Johan Sofia
Email:
Global Market Surveillance