4th Boca-ECGI Corporate Finance and Governance Conference
Welcome Letter
Dear Conference Participant,
Thanks very much for your interest in the 4th Annual Boca-ECGI Corporate Finance and Governance Conference, December 9-10, 2023.
The event is hosted by the College of Business, Florida Atlantic University in partnership with the European Corporate Governance Institute (ECGI), and sponsored by the British Academy of Management through the Corporate Governance Special Interest Group .
The best paper and best discussant awards are generously sponsored by the Institute for Humane Studies.
The 2023 event drew 306 submissions. We accepted 81 papers for presentation. The schedule follows below.
The event will be hybrid. Speakers may participate in person, or elect to present through Zoom from the comfort of their own home.
The keynote speakers - Thorsten Beck - will present on Sunday December 10 at 1:00-2:00pm. (All times are EST)
Following the last session of the conference on December 10, 2023, we will have a wrap-up session with the announcement of best paper and discussant awards. We will also have a friendly open chat with editors about publications in various journals that publish papers in Corporate Finance and Corporate Governance, including but not limited to the British Accounting Review which will publish a special issue on Alternative Investments.
The schedule below is tentative as at September 13, 2023.
If you would like to discuss a paper and/or chair a session, please send an email to bocaconference@fau.edu
Thanks again, and we look forward to a great event!
Sofia Johan
Conference Format
The conference has three tracks (A), (B), and (C) over Saturday December 9, 2023 to Sunday December 10, 2023. The presentations are open to registered participants (not open to the public generally). We will have separate video meeting links for each of the sessions sent to registered participants. You may email bocaconference@fau.edu to request a registration and meeting link.
The conference is a hybrid format: some participants will be in person, and others will be over zoom.
Presentations follow the standard finance conference format: 30 minutes per paper, of which 15 minutes is for the author's presentation, 10 minutes for the discussant, and 5 minutes for open discussion.
Note: Discussants that submit their slides to bocaconference@fau.edu on or before December 1, 2023 are eligible for a best discussant award, which will be announced at the best paper and reviewer award session at the end of the conference on Sunday, December 10.
Links to the papers are available below, except in cases where authors requested a link to their paper not be posted at this time.
The conference schedule follows below. Times are indicated for the EST time zone.
This schedule below is tentative as at November 13, 2023.
Saturday Dec 9, 8.30am: Welcome Remarks Dean Dan Gropper
Saturday Dec 9, Session 1A: 8.45am to 10.15am: FinTech I
Session Chair: Robert Reardon (Florida Atlantic University)
8.45am to 9.15am Insufficient Sleep and Intra-Day Financial Decision-Making: Evidence from Online Lending
Paul G. Freed (University of South Carolina)
Discussant: Shaen Corbet (Dublin City University)
9.15am to 9.45am Visual Information in the Age of AI: Evidence from Corporate Executive Presentations
Baozhong Yang (Georgia State University)
Discussant: Joe Grimes (Florida Atlantic University)
9.45am to 10.15am The Entrepreneurial Finance of Fintech Firms and the Effect of Investments in Fintech Startups on the Performance of Corporate Investors
Thomas J. Chemmanur (Boston College), Michael B. Imerman (University of California, Irvine), Harshit Rajaiya (University of Ottawa), Qianqian Yu (Lehigh University)
Discussant: Yuan Li (Florida Atlantic University)
Saturday Dec 9, Session 1B: 8:45am to 10.15am: Loans I
Session Chair: Niklas Huether (Indiana University)
8.45am to 9.15am Does the Disclosure of Consumer Complaints Reduce Racial Disparities in the Mortgage Lending Market?
Xiang Li (Boston College)
Discussant: Niklas Huether (Indiana University)
9.15am to 9.45am Social Capital and Mortgages
Xudong An (Federal Reserve Bank of Philadelphia), Sadok El Ghoul (University of Alberta), Omrane Guedhami (University of South Carolina), Ross Levine (University of California, Berkeley), Raluca Roman (Federal Reserve Bank of Philadelphia)
Discussant: David Javakhadze (Florida Atlantic University)
9.45am to 10.15am Monitoring with Small Stakes
Sheila Jiang (University of Florida), Shohini Kundu (University of California Los Angeles), Douglas Xu (University of Florida)
Discussant: Alexander K. Zentefis (Yale School of Management)
Saturday Dec 9, Session 1C: 8.45am to 10.15am: Misconduct I
Session Chair: Shiva Shankar Narayana Raju Indukoori (Florida Atlantic University)
8.45am to 9.15am Corner-Cutters: Personally Tax Aggressive Executives and Corporate Regulatory Violations
Benjamin P. Yost (Boston College), Enshuai Yu (Boston College)
Discussant: Christo Pirinsky (University of Central Florida)
9.15am to 9.45am Corruption and Cash Policy: Evidence from a Natural Experiment
Dhruv Aggarwal (Yale University), Lubomir P. Litov (University of Oklahoma)
Discussant: Joy Wilkinson (Florida Atlantic University)
9.45am to 10:15am Patrolling the Securities Laws: Towards the SEC’s Investigation of Founder-CEO Firms
Yang Bai (University of Missouri), Inder K. Khurana (University of Missouri), Ruixiang Wang (Clark University)
Discussant: Benjamin Hammer (Lancaster University)
Saturday Dec 9, 10.15am to 10.30am: Coffee
Saturday Dec 9, Session 2A: 10.30am to 12.00pm: FinTech II
Session Chair: Zachary Glatzer (Florida Atlantic University)
10.30am to 11.00am HACKED: Understanding the Stock Market Response to Cyberattacks
Erdinc Akyildirim (University of Bradford), Thomas Conlonc (University College Dublin), Shaen Corbet (Dublin City University), Yang (Greg) Hou (University of Waikato)
Discussant: Alessia Pedrazzoli (University of Milano-Bicocca)
11.00am to 11.30am M&A and Cybersecurity Risk: Empirical Evidence
Gabriele Lattanzio (University of Melbourne), Jérôme P. Taillard (Babson College)
Discussant: Weiyu Gao (Concordia University)
11.30am to 12.00pm A Growth and Innovation Model of the Modern Data Economy
Orlando Gomes (Lisbon Accounting and Business School), Roxana Mihet (HEC Lausanne), Kumar Rishabh (University of Lausanne)
Discussant: Baozhong Yang (Georgia State University)
Saturday Dec 9, Session 2B: 10.30am to 12.00pm: Loans II
Session Chair: Anita Pennathur (Florida Atlantic University)
11.00am to 11.30am Fraud Litigation and FHA Mortgage Lending
Erik J. Mayer (University of Wisconsin-Madison), Billy Y. Xu (University of Rochester), Lawrence Zhao (Texas Tech University)
Discussant: Gosia Ryduchowska (BI Norwegian Business School)
11.30am to 12.00am Bank Technology Adoption and Loan Production in the U.S Mortgage Market
Jose Ignacio Cuesta (Stanford University), Sheila Jiang (University of Florida), Adam Jørring (Boston College), Douglas Xu (University of Florida)
Discussant: Raluca Roman (Federal Reserve Bank of Philadelphia)
12.00 am to 12.30pm Bank Branch Access: Evidence from Geolocation Data
Jung Sakong (Federal Reserve Bank of Chicago), Alexander K. Zentefis (Yale School of Management)
Discussant: Yelin Zhang (Gonzaga University)
Saturday Dec 9, Session 2C: 10.30am to 12.00pm: Misconduct II
Session Chair: Yuan Li (Florida Atlantic University)
11.00am to 11.30am Once Bitten, Twice Shy: Evidence from Venture Capital and Scam Startups
Yanying Lyu (Tilburg University), Lingbo Shen (University of Twente)
Discussant: Peter Wirtz (EMLyon)
11.30am to 12.00am Keeping up with the Forbeses: Does Peer Recognition Promote Opportunistic Trading?
Natalya Bikmetova (Hofstra University), Robert Davidson (Virginia Tech), Christo Pirinsky (University of Central Florida)
Discussant: Yang Bai (University of Missouri)
12.00 am to 12.30pm The Impact of Mandatory Close Periods on Corporate Insider Trading
Francois Brochet (Boston University), Adriana Korczak (University of Bristol), Piotr Korczak (University of Bristol), Patricia Naranjo (Rice University)
Discussant: Andréanne Tremblay (Université Laval)
Saturday Dec 9, 12.00pm to 1.00pm: Lunch
Saturday Dec 9, Session 3A: 1.00pm to 2.30pm: Innovation
Session Chair: Pedro Monteiro (Florida Atlantic University)
1.00pm to 1.30pm ChatGPT and Corporate Policies
Manish Jha (Georgia State), Jialin Qian (Georgia State), Michael Weber (Chicago Booth and NBER), Baozhong Yang (Georgia State University )
Discussant: Robert Reardon (Florida Atlantic University)
1.30pm to 2.00pm Predictive Patentomics: Forecasting Innovation Success and Valuation with ChatGPT
Stephen Yang (Pace Academy)
Discussant: Zach Glatzer (Florida Atlantic University)
2.00pm to 2.30pm Human Capital Reallocation and Agglomeration of Innovation: Evidence from Technological Breakthroughs
Jing Xue (University of Maryland)
Discussant: Jialin Qian (Georgia State)
Saturday Dec 9, Session 3B: 1.00pm to 2.30pm: Executive Compensation
Session Chair: Esteban Hernandez (Florida Atlantic University)
1.00pm to 1.30pm Debt Dynamics in Executive Compensation
Xingyu Huang (Bocconi University), David M. Reeb (National University Singapore), Wanli Zhao (Bocconi University)
Discussant: Zeyu Ou (University of Miami)
1.30pm to 2.00pm Disclosure of Pay Versus Performance (contact authors for the paper)
Aiyesha Dey (Harvard Business School), Berk Sensoy (Vanderbilt University), Austin Starkweather (University of South Carolina), Joshua T. White (Vanderbilt University)
Discussant: Shawn Mobbs (University of Alabama)
2.00pm to 2.30pm The downside of tournament incentives: Evidence from the trading behavior of non-promoted insiders
Meziane Lasfer (University of London), Xiaoke Ye (University of Liverpool)
Discussant: Svetlana Kalinnikova (Florida Atlantic University)
Saturday Dec 9, Session 3C: 1.00pm to 2.30pm: Regulation
Session Chair: Anastassia Vilderson (Florida Atlantic University)
1.00pm to 1.30pm Follow the Pipeline: Anticipatory Effects of Proposed Regulations
Suzanne Chang (Tulane University), Joseph Kalmenovitz (University of Rochester), Alejandro Lopez-Lira (University of Florida)
Discussant: Abed El Karim Farroukh (Indiana University)
1.30pm to 2.00pm When There’s A Cap on SEC Pay, Firms Will Play With Their ROA
Shiu-Yik Au (University of Manitoba), Spencer Barnes (The University of Texas at El Paso), Andréanne Tremblay (Université Laval)
Discussant: David De Angelis (University of Houston)
2.00pm to 2.30pm Endogenous Policy Uncertainty
Pat Akey (University of Toronto), Brandon Julio (University of Oregon), Ying Liu (Shanghai Lixin University of Accounting and Finance)
Discussant: Douglas Cumming (Florida Atlantic University)
Saturday Dec 9, 2.30pm to 2.45pm: Coffee
Saturday Dec 9, Session 4A: 2.45pm to 4.15pm: Cryptos and NFTs
Session Chair: Zachary Glatzer (Florida Atlantic University)
2.45pm to 3.15pm The long-run performance of Initial Coin Offerings
Alessia Pedrazzoli (University of Milano-Bicocca), Paola Bongini (University of Milano-Bicocca), Monica Rossolini (University of Milano-Bicocca), Silvio Vismara (University of Bergamo)
Discussant: Niklas Hüther (Indiana University)
3.15pm to 3.45pm Cross-Sectional Return Predictors of Utility Tokens
Weiyu Gao (Concordia University), Denis Schweizer (Concordia University)
Discussant: Xuanyu Bai (University of Oregon)
3.45pm to 4.15pm Market Manipulation in NFT Markets
Sebeom Oh (Temple University)
Discussant: Stephen Yang (Pace Academy)
Saturday Dec 9, Session 4B: 2.45pm to 4.15pm: CEOs
Session Chair: Yelin Zhang (Gonzaga University)
2.45pm to 3.15pm CEOs’ Narcissism and Opportunistic Insider Trading
Cheng Jiang (Boston College), Kose John (New York University), J.H. John Kim (College of Charleston), Jingyu Zhang (Queen’s University)
Discussant: Seungho Choi (Queensland University of Technology)
3.15pm to 3.45pm Early-life Experience of Social Violence and CEOs’ Risk-taking Attitudes
Cindy Xinyi Shen (Stanford University), Wanli Zhao (Bocconi University)
Discussant: Luis Garcia-Feijoo (Florida Atlantic University)
3.45pm to 4.15pm When the EPA is in play, risk-taking goes away: The effect of environmental regulations on CEO compensation
Seungho Choi (Queensland University of Technology), Ross Levine (Stanford University), Raphael Jonghyeon Park (Queensland University of Technology), Simon Xu (Harvard University)
Discussant: Xingyu Huang (Bocconi University)
Saturday Dec 9, Session 4C: 2.45pm to 4.15pm: Risk
Session Chair: Svetlana Kalinnikova (Florida Atlantic University)
2.45pm to 3.15pm Asymmetric Cost Behavior and Non-Financial Firms' Risky Financial Investments
Ji Hoon Hwang (University of Arizona)
Discussant: Francesco Celentano (University of Lausanne)
3.15pm to 3.45pm Financing Intangibles
Bianca He (University of Chicago)
Discussant: Guillaume Andrieu (Montpellier Business School)
3.45pm to 4.15pm Preparing for the Storm: Firm Policies and Time-varying Recession Risk
Ali Kakhbod (UC Berkeley), Dmitry Livdan (UC Berkeley, CEPR), A. Max Reppen (Boston University), Tarik Umar (Rice University)
Discussant: Qianqian Yu (Lehigh University)
Saturday Dec 9, 4.15pm to 4.30pm: Coffee
Saturday Dec 9, Session 5A: 4.30pm to 6.00pm: VC & PE
Session Chair: Luis Garcia-Feijoo (Florida Atlantic University)
4.30pm to 5.00pm Strategic Regulatory Non-Disclosure: The Case of the Missing Form D
Kathleen Weiss Hanley (Lehigh University), Qianqian Yu (Lehigh University)
Discussant: Weiyu Gao (Concordia University)
5.00pm to 5.30pm Disclosure of Use of Proceeds, Real Effects and Underpricing in Private Equity-Backed Initial Public Offerings
Benjamin Hammer (Lancaster University), Nikolaus Marcotty-Dehm (Lancaster University Leipzig), Jens Martin (University of Amsterdam)
Discussant: Cheng "Jason" Jiang (Boston College)
5.30pm to 6.00pm Public Listing Choice with Persistent Hidden Information
Francesco Celentano (University of Lausanne), Mark Rempel (University of Toronto)
Discussant: Brandon Julio (University of Oregon)
Saturday Dec 9, Session 5B: 4.30pm to 6.00pm: CSR, ESG
Session Chair: Uliana Filatova (Florida Atlantic University)
4.30pm to 5.00pm Do Consumers Care About ESG? Evidence from Barcode-Level Sales Data
Jean-Marie Meier (University of Texas at Dallas), Henri Servaes (London Business School, CEPR and ECGI), Jiaying Wei (Southwestern University of Finance & Economics), Steven Chong Xiao (University of Texas at Dallas)
Discussant: Tengfei Zhang (Rutgers University)
5.00pm to 5.30pm Corporate Social Responsibility and Hedging Policies
Busra Agcayazi (New York University), Gunratan Lonare (Illinois State University), Ahmet M. Tuncez (University of Michigan-Dearborn)
Discussant: Augustine Tarkom (Texas A&M International University)
5.30pm to 6.00pm What Does ESG Investing Mean and Does It Matter Yet?
Abed El Karim Farroukh (Indiana University), Jarrad Harford (University of Washington), David Shin (University of Oklahoma)
Discussant: Shiyi Zhang (University of Miami)
Saturday Dec 9, Session 5C: 4.30pm to 6.00pm: M&As I
Session Chair: Prodyut Das (Florida Atlantic University)
4.30pm to 5.00pm Institutional Blockholder Networks and Corporate Acquisition Performance
Gishan Dissanaike (University of Cambridge), Wolfgang Drobetz (University of Hamburg), Marwin Mönkemeyer (University of Hamburg), Henning Schröder (University of Hamburg)
Discussant: Prodyut Das (Florida Atlantic University)
5.00pm to 5.30pm The Rise of Anti-Activist Poison Pills
Ofer Eldar (UC Berkeley), Tanja Kirmse (Drexel University), Michael D. Wittry (Ohio State University)
Discussant: Fred Bereskin (University of Missouri)
5.30pm to 6.00pm Identifying the Real Effects of the M&A Market on Target Firms
Elizabeth Berger (University of Houston), David De Angelis (University of Houston), Gustavo Grullon (Rice University)
Discussant: Giorgio Sertosis (University of Wisconsin Milwaukee)
Saturday Dec 10, 7pm Conference Dinner
Dinner will be at Douglas Cumming and Sofia Johan's home. All conference speakers, discussants, and chairs are welcome
Sunday Dec 10, Session 6A: 8:45am to 10.15am: Mixing Forms of Entrepreneurial Finance
Session Chair: Proydut Das (Florida Atlantic University)
8.45am to 9.15am Crowdfunding vs. Venture Capital: Complements or Substitutes? A Theoretical Assessment
Guillaume Andrieu (Montpellier Business School), Alexander Peter Groh (EMLYON Business School)
Discussant: Raffaele Corvino (University of Turin)
9.15am to 9.45am Business angels, crowdinvesting and the start-up financing funding gap
Stefano Bonini (Stevens Institute of Technology), Vincenzo Capizzi (Università del Piemonte Orientale), Giancarlo Giudici (Politecnico di Milano), Francesca Tenca (Università del Piemonte Orientale)
Discussant: Yelin Zhang (Gonzaga University)
9.45am to 10.15am Divide and Conquer: Investor Type Diversity in Entrepreneurial Ventures
Jeroen Verbouw (Ghent University), Tom Vanacker (Ghent University), Sophie Manigart (Vlerick Business School)
Discussant: Sofia Johan (Florida Atlantic University)
Sunday Dec 10, Session 6B: 8.45am to 10.15am: Environmental
Session Chair: Joy Wilkinson (Florida Atlantic University)
8.45am to 9.15am Voice Through Divestment
Marco Becht (Université libre de Bruxelles), Anete Pajuste (Stockholm School of Economics), Anna Toniolo (Harvard University)
Discussant: Iris Wang (University of British Columbia)
9.15am to 9.45am Defunding Controversial Industries: Can Targeted Credit Rationing Choke Firms?
Kunal Sachdeva (Rice University), André F. Silva (Federal Reserve Board) Pablo Slutzky (University of Maryland), Billy Y. Xu (University of Rochester)
Discussant: Mitch Warachka (Chapman University)
9.45am to 10.15am The Impact of Corporate Environmental Misconduct on Bond Issues and Seasoned Equity Offerings
Erwin Hansen (University of Chile), Francisco Marcet (University of Chile)
Discussant: Jonathon Zytnick (Georgetown University)
Sunday Dec 10, Session 6C: 8.45am to 10.15am: M&As II
Session Chair: Anna Pomeranets (Florida Atlantic University)
8.45am to 9.15am Self-Serving Fiduciaries? Board Discretion in Publicly Resisting Takeover Bids
Nicholas F. Carline (University of Birmingham), Sridhar Gogineni (University of Tampa), Pradeep K. Yadav (University of Oklahoma)
Discussant: Tanja Kirmse (Drexel University)
9.15am to 9.45am Assortative Matching in Mergers: Evidence from Skill Demand
Yang Bai (University of Missouri), Fred Bereskin (University of Missouri), Micah S. Officer (Loyola Marymount University), Jing Wang (University of Missouri)
Discussant: Marwin Mönkemeyer (University of Hamburg)
9.45am to 10.15am Corporate Social Responsibility and Post-Merger Labour Restructuring
Jiajun Tao (Bayes Business School)
Discussant: Uliana Filalotev (Florida Atlantic University)
Sunday Dec 10, 10.15am to 10.30am: Coffee
Sunday Dec 10, Session 7A: 10:30am to 12:00pm: PE and Crowdfunding
Session Chair: Robert Reardon (Florida Atlantic University)
10.30am to 11.00am Private Equity and Gas Emissions: Evidence from Electric Power Plants
Xuanyu Bai (University of Oregon), Youchang Wu (University of Oregon)
Discussant: Thomas J. Boulton (Miami University)
11.00am to 11.30am Gunned Down By Private Equity?
Niklas Hüther (Indiana University)
Discussant: Vincenzo Capizzi (Università del Piemonte Orientale)
11.30am to 12.00pm Fundraising and governance of sustainability-oriented ventures: Evidence from equity crowdfunding
Silvio Vismara (University of Bergamo) and Peter Wirtz (EM Lyon)
Discussant: Roxana Mihet (HEC Lausanne)
Sunday Dec 10, Session 7B: 10:30am to 12.00pm: Green Bonds
Session Chair: Esteban Hernandez (Florida Atlantic University)
10.30am to 11.00am Investors in Green Bonds
Gosia Ryduchowska (BI Norwegian Business School), Moqi Groen-Xu (Queen Mary University of London)
Discussant: Sheila Jiang (University of Florida)
11.00am to 11.30am The Emerging Greenium
Boyuan Li (University of Florida), Baolian Wang (University of Florida), Jiawei Yu (Renmin University)
Discussant: Raluca Roman (Federal Reserve Bank of Philadelphia)
11.30am to 12.00pm Decoding Corporate Green Bonds: What They Do with the Money and the Real Impact
Yufeng Mao (University of Washington)
Discussant: Sebeom Oh (Temple University)
Sunday Dec 10, Session 7C: 10:30am to 12.00pm: Directors
Session Chair: Joseph Grimes (Florida Atlantic University)
10.30am to 11.00am Why do Investors Vote Against Corporate Directors?
Reena Aggarwal (Georgetown University and ECGI), Sandeep Dahiya (Georgetown University), Umit Yilmaz (Georgetown University)
Discussant: Asad Ali Rind (South Champagne Business School)
11.00am to 11.30am Searching For Directors
Fabrizio Ferri (University of Miami), Zeyu Ou (University of Miami), Yini Wang (University of Miami)
Discussant: Johnny Yoon (University of Minnesota)
11.30am to 12.00pm Social Media Use and the Director Labor Market: Evidence from Twitter
Lixiong Guo (University of Alabama), Shawn Mobbs (University of Alabama)
Discussant: Jeffrey L. Callen (University of Toronto)
Sunday Dec 10, 12.00pm to 1.00pm: Lunch
Sunday Dec 10, 1.00pm to 2.00pm: Keynote Professor Thorsten Beck
Sunday Dec 10, 2.00pm to 2.15pm: Coffee
Sunday Dec 10, Session 8A: 2:15pm to 3.45pm: Ownership and Control
Session Chair: Anna Agapova (Florida Atlantic University)
2.15pm to 2.45pm Control Motivations and Firm Growth
Raffaele Corvino (University of Turin), Andrew Ellul (Indiana University), Alessio Piccolo (Indiana University)
Discussant: Robert Reardon (Florida Atlantic University)
2.45pm to 3.15pm Control Without Ownership: Governance of Nonprofit Hospitals
Katharina Lewellen (Tuck School at Dartmouth), Gordon Phillips (Tuck School at Dartmouth), Giorgo Sertsios (University of Wisconsin Milwaukee)
Discussant: Yufeng Mao (University of Washington)
3.15pm to 3.45pm How Effective are Non-Banks During a Crisis
Mahyar Sefidgaran (University of Texas, Austin)
Discussant: Anna Agapova (Florida Atlantic University)
Sunday Dec 10, Session 8B: 2.15pm to 3.45pm: Gender and Diversity
Session Chair: Uliana Filalotev (Florida Atlantic University)
2.15pm to 2.45pm Female Equity Analysts and Corporate Environmental and Social Performance
Kai Li (University of British Columbia), Feng Mai (Stevens Institute of Technology), Gabriel Wong (Cardiff University), Chelsea Yang (University of British Columbia), Tengfei Zhang (Rutgers University)
Discussant: Bianca He (University of Chicago)
2.45pm to 3.15pm Corporate board gender diversity and asset liquidity
Augustine Tarkom (Texas A&M International University), Xiaohu Guo (The University of Alabama), Lukai Yang (Texas A&M International University)
Discussant: Gabriele Lattanzio (University of Melbourne)
3.15pm to 3.45pm What is the Value of Workforce Diversity?
Shiyi Zhang (University of Miami)
Discussant: Lubomir P. Litov (University of Oklahoma)
Sunday Dec 10, Session 8C: 2.15pm to 3.45pm: Non-Banks and Funds
Session Chair: Joy Wilkinson (Florida Atlantic University)
2.15pm to 2.45pm Government Contracts and Labor Investment Efficiency
Pedro Monteiro (University of Scranton), Masim Suleymanov (University of Houston)
Discussant: Jeroen Verbouw (Ghent University)
2.45pm to 3.15pm Mutual Fund Disagreement and Firm Value: Passive vs. Active Voice
Jan Bena (University of British Columbia), Iris Wang (University of British Columbia)
Discussant: Pedro Monteiro (University of Scranton)
3.15pm to 3.45pm The toxic triangle of state, stake, and institution: Sovereign wealth fund ownership and firm ESG reputation risk
Hisham Farag (University of Birmingham), Andrew Marshall (University of Strathclyde), Biwesh Neupane (University of Birmingham), Santosh Koirala (University of Birmingham)
Discussant: Sofia Johan (Florida Atlantic University)
Sunday Dec 10, 3.45pm to 4.00pm: Coffee
Sunday Dec 10, Session 9A: 4:00pm to 5.30pm: Culture, Openness, Idealogy
Session Chair: David Javakhadze (Florida Atlantic University)
4.00pm to 4.30pm Fiduciary Duty of Loyalty and Corporate Culture
Maggie Hu (Chinese University of Hong Kong), Cheng Jiang (Boston College), Kose John (New York University), Ming Ju (Louisiana Tech University)
Discussant: Esteban Hernandez (Florida Atlantic University)
4.30pm to 5.00pm The Value of Openness
Joshua Della Vedova (University of San Diego), Stephan Siegel (University of Washington), Mitch Warachka (Chapman University)
Discussant: Xiaoke Ye (University of Liverpool)
5.00pm to 5.30pm Individual Investor Ideology
Robert J. Jackson, Jr. (New York University), Jonathon Zytnick (Georgetown University)
Discussant: Michael Hudson-Vassell (Florida Atlantic University)
Sunday Dec 10, Session 9B: 4.00pm to 5.30pm: Diversity, ESG
Session Chair: Anastasia Vilderson (Florida Atlantic University)
4.00pm to 4.30pm Diversity and Inclusion Without Equity? Evidence from Executive Compensation
Felipe Cabezón (Virginia Tech), Eliezer M. Fich (Drexel University), Lubomir P. Litov (University of Oklahoma)
Discussant: Biwesh Neupane (University of Birmingham)
4.30pm to 5.00pm Mandatory ESG Disclosure, Information Asymmetry, and Litigation Risk: Evidence from Initial Public Offerings
Thomas J. Boulton (Miami University)
Discussant: Lukai Yang (Texas A&M International University)
5.00pm to 5.30pm Board Gender Diversity and Financial Default Risk: An Empirical Analysis
Ammar Ali Gull (ESSCA School of Management), Asad Ali Rind (South Champagne Business School), Aitzaz Ahsan Alias Sarang (Iqra University), Marc Goergen (IE Business School)
Discussant: Anastasia Vilderson (Florida Atlantic University)
Sunday Dec 10, Session 9C: 4.00pm to 5.30pm: Voting, Coasean
Session Chair: Sofia Johan (Florida Atlantic University)
4.00pm to 4.30pm Every Vote Counts: Mandatory Disclosure and Voting Outcomes
Nan Li (University of Minnesota), Yeo Sang (Johnny) Yoon (University of Minnesota)
Discussant: Alan Zhang (Florida International University)
4.30pm to 5.00pm Shareholder Voice and Executive Compensation
John W. Barry (Duke University)
Discussant: Austin Starkweather (University of South Carolina)
5.00pm to 5.30pm Some Fallacies in Corporate Finance: A Coasean Perspective
Varouj A. Aivazian (University of Toronto), Jeffrey L. Callen (University of Toronto)
Discussant: Tarik Umar (Rice University)
Sunday Dec 10, 5.30 - 6.00: Awards Announcements and Meet the Editors
Best Paper and Best Reviewer Awards to were announced! The plaques are generously sponsored by the British Academy of Management through the Corporate Governance Special Interest Group . The cash awards totalling $1000 are for 2 best papers ($300 each) and 2 best discussants ($200 each) are generously sponsored by the Institute for Humane Studies.
We announced the 2023 Best Paper Award for the Review of Corporate Finance ($1000 Prize!) for papers published in volume 3, generously sponsored by Now Publishers.
We will also have a friendly open chat with editors about publications in various journals that publish papers in Corporate Finance and Corporate Governance, including but not limited to the British Accounting Review which will publish a special issue on Alternative Investments.
Best Discussant Award to Tanja Kirmse
Best Paper Award to Mitch Warachka
Best Discussant Award to Jonathan Zytnick
Best Paper Award to Francesco Celentano