Banner

Programme for the 2015 New Zealand Finance Colloquium

Thursday 19th February | Friday 20th February

19th - 20th February, 2015 download programme (updated 15 February 2015)

Thursday 19th February 2015

08:30am - 9:00am

Registration
Venue: S Block Ground Level Foyer

9:15am - 9:30am

Opening Address by Dr. Krishna Reddy (Waikato)
Venue: S.G.01

9:30am - 10:30am

Keynote Presentation - Professor Robert Faff
Venue: S.G.01

10:30am - 11:00am

Tea Break
Venue: S Block Ground Level Foyer

11:00am - 12:15pm

Session 1A | Corporate Finance 1
Venue: S.G.01
Chair: Professor Henk Berkman (Auckland)

 

Determinants of Capital Structure of Firms in Different Continents: Before, During, and After the Global Financial Crisis.
Tse Nee Low, University of Waikato
Krishna Reddy, University of Waikato

 

The Impact of Cultural Diversity in Corporate Boards on Firm Performance.
Helena Cimerova, Auckland University of Technology
Olga Dodd, Auckland University of Technology
Bart Frijns, Auckland University of Technology

 

Why do executives commit `fraud on the market'? Executive overconfidence and securities class actions
Suman Banerjee, University of Wyoming
Mark Humphery-Jenner, UNSW
Vikram Nanda, Rutgers University
Mandy Tham, Nanyang Technological University

11:00am - 12:15pm

Session 1B | Investments 1
Venue: S.G.02
Chair: Professor Ron Bird (Waikato & UTS)

 

Institutional Trading and Asset Pricing
Bart Frijns, Auckland University of Technology
Thanh D. Huynh, Auckland University of Technology
Alireza Tourani-Rad, Auckland University of Technology
Joakim Westerholm, University of Sydney

 

Momentum returns, market states, and market dynamics: Is China different?
Muhammad Ahmad Cheema, Curtin University
Gilbert Nartea, Lincoln University

 

Retail Investor Networks and Risk Taking (updated January 2015)
Henk Berkman, University of Auckland
Marco Eugster, University of Auckland

11:00am - 12:15pm

Session 1C | Capital Markets 1
Venue: S.G.03
Chair: Professor Robert Faff (Queensland)

 

Mutual Fund Flows and Seasonalities in Stock Returns
Moritz Wagner, University of Auckland
John Byong-Tek Lee, University of Auckland

 

Media Sentiment, Investor Sentiment, and Stock Price Sensitivity to Earnings
Steven F. Cahan, University of Auckland
Chen Chen, University of Auckland
Nhut H. Nguyen, Massey University

 

Informed trading around stock split announcements: Evidence from the option market
Philip Gharghori, Monash University
Edwin D. Maberly, Monash University
Annette Nguyen, Deakin University

12:15pm - 1.00pm

To Top Lunch
Venue: S Block Ground Level Foyer

1:00pm - 2:15pm

Session 2A | Investments 2
Venue: S.G.01
Chair: Professor Alireza Tourani-Rad (AUT)

 

Opening the Box on the Stock Selection Skills of US Mutual Funds
Ron Bird, University of Technology, Sydney.
Veronica Sherwood-Meares, University of Technology, Sydney
Danny Yeung, University of Technology, Sydney.

 

Valuation of a Higher Dimensional Optimal Switching Policy
Sam Kilkenny-Brown
Toby Daglish, Victoria University

 

On the intraday relation between the VIX and its futures
Bart Frijns, Auckland University of Technology
Alireza Tourani-Rad, Auckland University of Technology
Robert I. Webb, University of Virginia

1:00pm - 2:15pm

Session 2B | Capital Markets 2
Venue: S.G.02
Chair: Professor Stuart Locke (Waikato)

 

The Other Insiders: Personal Trading by Analysts, Brokers and Fund Managers
Henk Berkman, University of Auckland

 

Is There a Honeymoon for New CEOs?
Paul Geertsema, University of Auckland
David H. Lont, University of Otago
Helen Lu, University of Auckland

 

Country risk and volatility of stock returns:
Panel- GARCH evidence for the Latin America´s major five

Rodolfo Cermeño, CIDE
Tahir Suleman, Victoria University

1:00pm - 2:15pm

Session 2C | Banking 1
Venue: S.G.03
Chair: Dr. Philip Gharghori (Monash)

 

How does Deposit Insurance Affect Depositor Behavior in a Banking Crisis?
Glenn Boyle, University of Canterbury
Roger Stover, Iowa State University
Amrit Tiwana, University of Georgia
Oleksandr Zhylyevskyy, Iowa State University

 

Systemic risk in Australia’s Banks
Chris Malone , Massey University
David Tripe, Massey UNiversity
Xiping Li

 

Are foreign banks in China on an equal footing with Chinese domestic commercial banks?
Necmi Kemal Avkiran, University of Queensland
Yushu (Elizabeth) Zhu, University of Queensland
David Tripe, Centre for Financial Services and Markets, Massey University

2:15pm - 3:30pm

Session 3A | Corporate Governance
Venue: S.G.01
Chair: Professor Glenn Boyle (Canterbury)

 

The Effect of NZX 2003 Regulated Corporate Governance.
Alice Borthwick
Helen Roberts, University of Otago

 

Does Corporate Governance (CG) impact the Financial Performance of Microfinance Institutions (MFIs)? Evidence from South Asia
Sujani Thrikawala, University of Waikato

 

CEO Board Membership: Evidence from NZ Data
Michelle Li, University of Auckland
Helen Roberts , University of Otago

2:15pm - 3:30pm

Session 3B | Corporate Finance 2
Venue: S.G.02
Chair: Professor Bart Frijns (AUT)

 

Help or Hindrance?: Boardroom Network Connectivity and Firm Performance
Angela Andersen, Auckland University of Technology
Aaron Gilbert, Auckland University of Technology

 

Impact of Financial crisis on Leverage, Growth and Performance of New Zealand Companies
Geeta Duppati, University of Waikato
Frank Scrimgeour, University of Waikato

 

Corporate Social Responsibility: The Myopic Barometer?
Christo Ferreira, Massey University University
David K. Ding, Massey University
Udomsak Wongchoti, Massey University

1:00pm - 2:15pm

Session 3C | Investments 3
Venue: S.G.03
Chair: Dr. Krishna Reddy (Waikato)

 

Analysts' Forecast Dispersion and Stock Returns: A Panel Threshold Regression Analysis of the Conditional Limited Market Participation Hypothesis
Ming-Yuan Li, University of Waikato

 

What Explains the Surprising Negative Correlation Between Stock Return Differential and Currency: Risk-rebalancing or Source Status?
Numan Ulku

 

Multi-market Trading and Liquidity: Evidence from Cross-listed Companies
Christina Atanasova, Simon Fraser University
Evan Gatev
Ming Li

3:30pm - 4:00pm

To TopTea Break
Venue: S Block Ground Level Foyer

4:00pm - 5:15pm

Session 4A | Banking 2
Venue: S.G.01
Chair: A/Prof. David Tripe (Massey)

 

In Lombard We Trust: The Value of Independent Celebrity Directors
Andrew Cardow, Massey University
William Wilson, Massey University

 

Executive Confidence and New CEO Selection
Suman Banerjee, University of Wyoming
Lili Dai, Australian National University
Mark Humphery-Jenner, UNSW
Vikram Nanda, Rutgers University

4:00pm - 5:15pm

Session 4B | Financial Services
Venue: S.G.02
Chair: A/Prof. Christina Atanasova (Simon Fraser)

 

Educational performance, ‘clicker’ engagement and ethnicity: Evidence from Finance 101
Helen Roberts, University of Otago
Ivan Diaz-Rainey, University of Otago

 

Modelling the Dynamics of Correlations Among International Equity Volatility Indices
Moloud Rahmaniani, University of Otago
Jin E. Zhang, University of Otago
Helen Roberts, University of Otago

 

Quote Dynamics of Dually-Listed Stocks
Bart Frijns, Auckland University of Technology
Ivan Indriawan, Auckland University of Technology
Alireza Tourani-Rad, Auckland University of Technology

4:00pm - 5:15pm

Session 4C | Corporate Finance 3
Venue: S.G.03
Chair: Dr. Sazali Abidin (Waikato)

 

VC participation and IPO earnings management: Evidence from China
Hamish Anderson, Massey University
Jing Chi
Qing (Sophie) Wang, Massey University

 

Tail Risk in Technical Trading Rule Returns
Lerby M. Ergun, Erasmus University
Philip Stork, VU University Amsterdam
Sasha Molchanov, Massey University

6:15pm -

Dinner
Venue: Iguana Street Bar and Restaurant, 203 Victoria Street South

Friday 20th February 2015To Top

10:00am - 10:50am

Session 5A: Capital Markets 3
Venue: S.G.01
Chair: Dr. Geeta Duppati (Waikato)

 

When No News is Good News – The decrease in Investor Fear after the FOMC announcement
Adrian Fernandez-Perez, Auckland University of Technology
Bart Frijns, Auckland University of Technology
Alireza Tourani-Rad, Auckland University of Technology

 

Legislative Changes and Abnormal Trading around Earnings Announcements: Evidence from New Zealand Market
Nick Barry, Victoria University
Hai Lin, Victoria University

10:00am - 10:50am

Session 5B | Corporate Finance 4
Venue: S.G.02
Chair: Dr. Ming-Yuan Li (Waikato)

 

Zero Sum Games in Finance: Some Misconceptions
Noel Yahanpath, Eastern Institute of Technology
Paul Mountcastle
Krishna Reddy, University of Waikato

 

Impact of Globalization on Dividend Policy and Payout Rate: Evidences from selected countries
Sazali Abidin, University of Waikato
Nirosha Wellalage, University of Waikato
Lin Wu, University of Waikato

10:00am - 10:50am

Session 5C | Investments 4
Venue: S.G.03
Chair: A/Prof. Gilbert Nartea (Waikato)

 

Quantitative measurement of contagion effects during the Global Financial Crisis: Evidences from selected countries
Nirosha Hewa Wellalage, University of Waikato
Sazali Abidin, University of Waikato
Lei Wang, University of Waikato

11:00am - 12:30pm

Sponsors Presentation
Venue: S.G.01

11:00am - 11:25am

Cengage

11:30am - 12:00pm

Bloomberg

12:05pm - 12:30pm

McGraw-Hill

12:30pm - 1:00pm

Light Lunch and Best Paper Awards
Venue: S Block Ground Level Foyer