Corporate Finance Day


Speakers


Abstract

The Department of Finance of the Rotterdam School of Management, Erasmus University, organizes the 6th Annual Corporate Finance Day. The aim of this day is to provide an academic and social event where researchers in the field of corporate finance and related study areas can interact and present their work.

 
The Corporate Finance Day will start with a Breakfast Meeting with Professor James Ang (Florida State University), to which all Ph.D. students and Assistant Professors are cordially invited. Professor Ang has been editor of Financial Management and ranks 3rd in the world-wide list of prolific finance authors. He will discuss recent trends in the finance literature and provide hints for successfully submitting research to academic journals.
 
Our invited Keynote Speaker for this event is Professor Frederik Schlingemann from the University of Pittsburgh. Professor Schlingemann will present recent work in the field of corporate finance.
 
 
Program Corporate Finance Day
 
 
  Breakfast meeting (8.30 – 10.00, Room M1-16)
   
  Professor James S. Ang (Florida State University):
  “Research in finance: Context analysis of IPO prospectuses”
   
   
  Coffee break (10.00 -10.30 Meeting Point - M Building 1st floor)
   
   
  Morning sessions (10.30 – 12.00)
   
Session I.A: Bankruptcy (Room M3-03)
   
  Determinants of the time-to-exit of voluntary and involuntary firm exits
Authors:             Sophie Balcaen (Ghent University)
  Sophie Manigart (Ghent University)
  Hubert Ooghe (Ghent University)
Discussant: Henry van Beusichem (RSM, Erasmus University)
   
   
  Filtering speed in a Continental European reorganisation procedure
Authors: Nico Dewaelheyns (K.U.Leuven/Lessius)
  Cynthia Van Hulle (K.U.Leuven)
Discussant:             Mathijs Van Dijk (RSM, Erasmus University)
   
   
  Pre-bankruptcy dynamics and unsecured debt
Authors:            Bart Leyman (Ghent University)
  Koen Schoors (Ghent University)
  Peter Coussement (Ghent University)
Discussant: Oscar Couwenberg (University of Groningen)
   
   
Session I.B: Investment and divestment decisions (Room M3-04)
   
  Industry determinants of shareholder value creation in European horizontal mergers and acquisitions
Authors: Nancy Huyghebaert (K.U.Leuven)
  Mathieu Luypaert (K.U.Leuven/HU Brussel)
Discussant: Michiel Wolfswinkel (RSM, Erasmus University)
   
  Family ownership, financing constraints and investment decisions
Author: Christian Andres (University of Bonn)
Discussant: Ingolf Dittman (Erasmus University, FEW)
   
   
  Can stock markets predict M&A failure?
Authors: Katrien Craninckx (K.U.Leuven)
  Nancy Huyghebaert (K.U.Leuven)
Discussant: Anjo Koeter-Kant (V.U. Amsterdam)
   
   
Session I.C: Corporate governance (Room M3-05)
   
  Financial liberalization, regulation and bank efficiency: a multi-country analysis
Authors: Niels Hermes (University of Groningen)
  Aljar Meesters (University of Groningen)
  Chuddar Shehzad (University of Groningen)
Discussant: Nico Dewaelheyns (K.U.Leuven/Lessius)
   
   
  Corporate governance and the value of excess cash holdings of large European firms
Authors: Marc Schauten (Erasmus University, FEW)
  Dick Van Dijk (Erasmus University, FEW)
  Jan-Paul van der Waal (Erasmus University, FEW)
Discussant: Ann Gaeremynck (K.U.Leuven)
   
   
  Cultural value orientations, social norms, and corporate governance
Authors: Andriy Boytsun (University of Antwerp)
  Marc Deloof (University of Antwerp)
  Paul Matthyssens (University of Antwerp)
Discussant: Eric Duca (RSM, Erasmus University)
   
   
  Lunch 12.00 – 13.30, Meeting Point M - Building 1st floor
   
   
  Keynote address (13.30 – 14.30, Room M1-17)
   
  Professor Frederick Schlingemann (University of Pittsburgh):
  Bidder Returns and the distribution of expected returns around takeover announcements
   
   
  Coffee break 14.30 -15.00, Meeting Point - M Building 1st floor
   
   
  Afternoon sessions (15 – 16.30)
   
Session II.A: SMEs and entrepreneurial finance (Room M3-03)
   
  Corruption and growth: Private versus state-owned firms in Vietnam
Authors: Thuy Nguyen (RSM, Erasmus University)
  Mathijs Van Dijk (RSM, Erasmus University)
Discussant: Niels Hermes (University of Groningen)
   
   
  Towards an evolutionary model of the entrepreneurial financing process: insights from biotechnology startups
Authors: Tom Vanacker (Ghent University)
  Sophie Manigart (Ghent University)
  Miguel Meuleman (Vlerick Leuven Gent)
Discussant: Peter Roosenboom (RSM, Erasmus University)
   
  http://www.erim.eur.nl/fileadmin/erim_content/documents/Subsidies-financing_Research_Policy_FINAL_250608.pdf
  Do R&D subsidies affect SMEs’ access to external financing?
Authors: Miguel Meuleman (Vlerick Leuven Gent)
  Wouter De Maeseneire (Erasmus University Rotterdam, FEW)
Discussant: Nancy Huyghebaert (K.U.Leuven)
   
   
   
Session II.B: Capital structure choice (Room M3-04)
   
  Ownership structure, institutions and financing decisions: Empirical results for Chinese firms
Authors: Lihong Wang (K.U.Leuven)
  Nancy Huyghebaert (K.U.Leuven)
Discussant: Christian Andres (University of Bonn)
   
   
  Target debt ratios: The impact of equity mis-pricing
Authors: William Elliott (University of Texas at El Paso)
  Anjo Koeter-Kant (V.U. Amsterdam)
  Richard Warr (North Carolina State University)
Discussant: Marc Deloof (University of Antwerp)
   
   
  The impact of a stock listing on the relationship between growth opportunities and investment-cash flow sensitivity
Authors: Frederiek Schoubben (K.U.Leuven/Lessius)
  Cynthia Van Hulle (K.U.Leuven)
Discussant: Abe de Jong (RSM, Erasmus University)
   
   
Session II.C: Topics in finance (Room M3-05)
   
  Fundamental indexing: An analysis of the returns, risks and costs of applying the strategy
Authors: Auke Plantinga (University of Groningen)
  Roel Houwer (Theodoor Gilissen)
Discussant: Piet Sercu (K.U.Leuven)
   
   
  Modeling the net convenience premium
Authors: Katelijne Carbonez (K.U.Leuven)
  Thi Tuong van Nguyen (K.U.Leuven)
  Piet Sercu (K.U.Leuven)
Discussant: Marno Verbeek (RSM, Erasmus University)
   
   
  Bank ownership concentration and loan quality
Authors: Choudry Tanveer Shehzad (University of Groningen)
  Jakob De Haan (University of Groningen, CESifo Munich)
  LJR Scholtens (University of Groningen)
Discussant: Arjen Mulder (RSM, Erasmus University)
   
   
  Reception (16.30 – 18.00, Meeting Point - M Building 1st floor)
 
Deadline Submission
The deadline for submission of full papers is August 1st, 2008. Notice of acceptance will be sent by August 15th, 2008 together with a more detailed program of the day.
 
 
Registration
All participants are requested to register for the meeting by sending an e-mail to corporatefinanceday@rsm.nl by August 20th, 2008. Please clearly mention your name and affiliation in your e-mail.
 
 
Fees
The participation fee for the Corporate Finance Day is 50 euro. All participants are requested to pay this fee before September 13th, 2008. The bank details are:
 
ABN AMRO
Bank account number: 42.90.14.155
BIC: ABNANL2A
Iban: NL67ABNA0429014155
VAT number: NL804735529B02
 
Please clearly indicate “Corporate Finance Day, 4070-706” as well as your name with the payment. We can send an invoice by e-mail upon request.
 
Further questions?
For further questions regarding the conference or the submission procedure or for help with finding overnight accommodation, please send an e-mail to corporatefinanceday@rsm.nl.