European Financial Management Association
2019 Annual Meetings
June 26- June 29, 2018
University of Azores, Ponta Delgada, Island of S. Miguel, Portugal


EFM "Merton H. Miller" Doctoral Seminar Student Presentations


GROUP #1: Capital Markets & Investments


Investment Manager Selection by University Endowments   (PDF Version)
Charikleia Kaffe,
Judge Business School, University of Cambridge, UK
Email: ck469@cam.ac.uk



Equity Market Reactions to Japan's First Corporate Governance Code   (PDF Version)
Mariko Yasu,
University of Edinburgh Business School, UK
Email: mariko.yasu@ed.ac.uk



Private Equity and Taxes   (PDF Version)
Peter Severin,
University of Mannheim, Germany
Email: severin@uni-mannheim.de



Learning about Analysts’ Forecast Errors: Implications for Asset Prices   (PDF Version)
Ella D.S. Patelli,
HEC Montréal, Canada
Email: ella.patelli@hec.ca



An Exploration of Low Carbon Investment by Institutional Investors: The Case of Germany, Ireland and UK   (PDF Version)
Norah Storey,
Waterford Institute of Technology, Ireland
Email: norah.storey@postgrad.wit.ie



Are Analysts Opportunistic? The Case of Seasoned Equity Offerings and Regulation in the European Market   (PDF Version)
Syed Hassan Raza Kazmi,
University Paris Dauphine, France
Email: syed-hassan-raza.kazmi@dauphine.eu




GROUP #2: Corporate Finance 1


Friends with Threats: Credit Risk Under Common Ownership  (PDF Version)
Luca Xianran Lin,
IESE Business School, Spain
Email: LLin@iese.edu



Corporate Divestitures During Industry Downturns   (PDF Version)
Aleksandra Baros,
Università Cattolica del Sacro Cuore, Italy
Email: aleksandra.baros@unicatt.it



Stock Recalls as a Source of Informational Advantage through Short Selling: Empirical Evidence from Mergers and Acquisitions   (PDF Version)
Richard Schubert,
Karlsruhe Institute of Technology (KIT), Germany
Email: richard.schubert@kit.edu



The (Un)Sustainability of the Anti-Competitive Effects of Common Ownership   (PDF Version)
Gabriele Lattanzio,
The University of Oklahoma, USA
Email: gabriele.lattanzio@ou.edu




GROUP #3:Corporate Finance 2


Altruism in Family Firms: Evidence from Pay Differentials between Family and non-Family Employees   (PDF Version)
Irena Kustec,
BI Norwegian Business School, Norway
Email: irena.kustec@bi.no



The Disciplining Effect of Status: Achieving Objectivity through Certification   (PDF Version)
Marina Gertsberg,
Yale School of Management,USA
Email: marina.gertsberg@yale.edu



How Do Financial expert CEOs influence Capital Structure?   (PDF Version)
Chang Gong,
ESCP-Europe
Email: Chang.gong2@edu.escpeurope.eu



The Effects of Ownership Change on Resource Allocation and Transparency: Evidence from Korean Business Groups Eliminating Cross-Shareholdings   (PDF Version)
KIM Sue,
University of Edinburgh Business School, UK
Email: Suhee.Kim@ed.ac.uk



The Transfer of Risk Taking along the Supply Chain   (PDF Version)
Tri Tri Nguyen,
University of East London, UK
Email: tri.tri.nguyen@uel.ac.uk




GROUP #4:Security Markets


Do Options Markets React to Macroeconomic News?   (PDF Version)
Mina Mirshahi,
Queen Mary University of London, UK
Email: mina.mirshahi@qmul.ac.uk



Underpricing in the Euro-denominated High Yield Bond Market   (PDF Version)
Yiming Zeng, ,
University of Sussex, UK
Email: yz341@sussex.ac.uk



In Addition to the Classic Factors, are there any other ones that May Help Explain the Companies' Capital Structure?   (PDF Version)
Samuel Mamede,
Mackenzie Presbyterian University, Brazil
Email: samuelpnmamede@gmail.com



How to Win the Stock Market Lottery   (PDF Version)
Yanran Cao,
University of Edinburgh Business School, UK
Email: YANRAN.CAO@ED.AC.UK



Cost and Pricing Structures of Capital Markets Infrastructure Institutions: A Closer Look at Integration   (PDF Version)
Seven Ipek,
Istanbul Technical University, Turkey
Email: sevenipek@yahoo.com