European Financial Management Association
2009 Annual Meetings
June 24- 27, 2009
Milan, Italy


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 EFMA2009 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 EFMA2009 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


Sabato Gabriele, Nicholas Wilson, Edward I. Altman
Email: gabsabato@hotmail.com
The value of qualitative information in SME risk management


Saffi Pedro A. C, Kari Sigurdsson
Email: psaffi@iese.edu
Price Efficiency and Short Selling


Salavei Katsiaryna , Joseph Golec ,John P. Harding
Email: ksalavei@mail.fairfield.edu
Do investors see through mistakes in reported earnings?


Salganik Galla , Jenke ter Horst
Email: sg134@yahoo.com
Style Chasing by Hedge Fund Investors


Samaras Vassilis , Nihat Aktas and Eric de Bodt
Email: samarasvas@yahoo.fr
Do acquisitions and internal growth impact differentially firm performance?


Sapp Stephen
Email: ssapp@ivey.uwo.ca
What Contributes to Executive Pay for Performance


Sautner Zacharias, Joseph A. McCahery
Email: z.sautner@uva.nl
Behind the Scenes: The Corporate Governance Preferences of Institutional Investors


Sautner Zacharias,Markus Glaser, Florencio Lopez-de-Silanes
Email: z.sautner@uva.nl
Looking Inside a Conglomerate: Efficiency of Internal Capital Allocation and Managerial Power Within a Firm


Scarlata Mariarosa , Luisa Alemany
Email: mariarosa.scarlata@esade.edu
How do Philanthropic Venture Capitalists Choose Their Portfolio Companies?


Scherer B.
Email: bernd.scherer@morganstanley.com
Should Asset Managers Hedge their “Fees at Risk”?


Schmid Markus M. and Ingo Walter
Email: markus.schmid@unisg.ch
Geographic Diversification and Firm Value in the Financial Services Industry


Scotti Massimo, Lorenzo Casavecchia
Email: massimo.scotti@uts.edu.au
Dynamic Setting of Distribution Fees in the US Mutual Fund Industry


Sekeris Evangelos G., Athanasios Bolmatis
Email: evan.sekeris@bos.frb.org
No Trade Days and Information Diffusion


Semenov Andrei
Email: asemenov@econ.yorku.ca
Asset Prices in the Representative-Agent Economy with Background Risk


Sendeniz-Yüncü Ilkay ,Levent Akdeniz, Kürsat Aydogan
Email: i.sendeniz@ieseg.fr
Futures Market Development and Economic Growth


Serra Ana Paula, Pedro Verga Matos
Email: aserra@fep.up.pt
Corporate Governance ratings in Europe:The role ofCountry and industry factors


Serrasqueiro Zelia, Paulo Macas Nunes, Joao Leitao and Manuel José da Rocha Armada
Email: zelia@ubi.pt
Are there Non-Linearities between SME Growth and their Determinants? A Quantile Approach


Shanthikumar Devin ,Edward Johnson ,Nicole Bastian Johnson
Email: dshanthikumar@hbs.edu
Round Numbers and Security Returns


Shanthikumar Devin, Greg Miller
Email: dshanthikumar@hbs.edu
The Press and Local Information Advantage


Shanthikumar Devin, Laura Frieder
Email: dshanthikumar@hbs.edu
After a Restatement: Long-Run Market and Investor Response


Shum Pauline, Laurence Booth, Bin Chang, Walid Hejazi
Email: pshum@schulich.yorku.ca
The Influence of Productivity on Asset Pricing


Sievers Soenke, Thomas Hartmann-Wendels, Georg Keienburg
Email: sievers@wiso.uni-koeln.de
Valuation of venture capital backed firms - guess or professional judgment of agency risks and observable firm characteristics?


Siming Linus
Email: linus.siming@hhs.se
Dual Role Advisors and Conflicts of Interest


Simon David
Email: dsimon@bentley.edu
The Anomalous Behavior of the S&P Covered Call Closed End Fund


Singh Priyanka, Brajesh Kumar,Ajay Pandey
Email: priyankas@iimahd.ernet.in
Price and Volatility Spillovers across North American, European and Asian Stock Markets: With Special Focus on Indian Stock Market Market


Sisli-Ciamarra Elif
Email: esisli@brandeis.edu
Impact of Banker-Directors on Investment Decisions: Evidence from Acquisitions


Skiadopoulos George, Alexandros Kostakis, Nikolaos Panigirtzoglou
Email: gskiado@unipi.gr
Asset Allocation with Option-Implied Distributions: A Forward-Looking Approach


Skinner Frank, Dimitrios Gounopoulos
Email: f.skinner@surrey.ac.uk
Financial Contracting and re-rating experience, the cases of whole make, claw back and other wise ordinary callable bonds


Sokolyk Tatyana
Email: tsokolyk@uwyo.edu
Governance Provisions and Managerial Entrenchment: Evidence from forced CEO Turnover of Acquiring Firms


Sokolyk Tatyana
Email: tsokolyk@uwyo.edu
Do Banks Reduce Information Asymmetry? Evidence from Bank Loans to Recent Initial Public Offerings


Staglianò Raffaele , Maurizio La Rocca, Tiziana La Rocca
Email: stagliaraffy@yahoo.it
Agency costs of free cash flow or Internal Capital Market Arguments in Diversification Decisions


Stange Sebastian, Christoph Kaserer
Email: sebastian.stange@wi.tum.de
Why and How to Integrate Liquidity Risk into a VaR-Framework


Steijvers Tensie, Wim Voordeckers, Roger Mercken
Email: tensie.steijvers@uhasselt.be
Multiple directorships in unlisted SMEs


Steven X. Wei,Bohui Zhang,Jun Wang
Email: afweix@inet.polyu.edu.hk
Short Sale Constraints and Price Informativeness


Strydom Maria ,Farshid Navissi, Michael Skully, Madhu Veeraraghavan
Email: maria.strydom@buseco.monash.edu.au
Corporate governance and information risk post Sarbanes Oxley


Sun Lei
Email: l.sun@lancaster.ac.uk
Loss Aversion in Prospect Theory


Sunesson Tage Daniel
Email: daniel.sunesson@hhs.se
Alma mater matters: The value of school ties in the venture capital industry


Syriopoulos Theodore ,Efthimios Roumpis
Email: tsiriop@aegean.gr
Hedge Fund Asymmetric Dependences and Performance Evaluation