| | 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) |
