New Zealand Finance Colloquium

Programme for the 2017 New Zealand Finance Colloquium

Thursday 9th February | Friday 10th February

9th - 10th February, 2017 download programme (last update 9 February, 2017)
Thursday 9th February 2017
8:30am - 9:00am	Registration Venue:Level 1 Foyer, Owen G Glenn Building
9:00am - 10:30am	Session: Dividends Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Session Chair: Alastair Marsden, University of Auckland
	Is foreign direct investment export-oriented? Evidence from sectoral data Antony Andrews, AUTupdated 2/02/17
	The cash flow sensitivity of cash dividends in different dividend tax regimes Michael Keefe, Victoria University Ratheshan Manickaratnam, Victoria University
	Underwriting of Australian Dividend Reinvestment Plans Alastair Marsden, University of Auckland Mathew Abraham, University of Auckland James Lau, University of Auckland
9:00am - 10:30am	Session: Capital Markets I Venue: Case room 1, level 0, Owen G Glenn Building (Business School) Session Chair: Hai Lin, Victoria University
	Some lessons for non-finance sectors from the GFC: Higher education Noel Yahanpath, Eastern Institute of Technology Edgar Burns, La Trobe University
	Investor Horizon and Employee Satisfaction Alexandre Garel, Auckland University of Technology Arthur Petit-Romec, ESCP Europe
	Are Tightened Trading Rules Always Bad? Evidence from the Chinese Index Futures Market Hai Lin, Victoria University of Wellington You Wang, Xiamen University
10:30am - 11.00am	To Top Morning Tea Venue: Level 1 Foyer, Owen G Glenn Building Sponsored by Cengage
11:00am - 1.00pm	Session: Corporate Finance I Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Session Chair: Paul Griffin, U.C Davis
	CEO Network Size and Earnings Management Paul Griffin, U.C Davis Hyun A. Hong, U.C Riverside Yun Liu, Keck Graduate Institute Ji Woo Ryou, U. T. Rio Grande Valley
	Is Real Earnings Management Real? Helen Lu, University of Auckland Paul Geertsema, University of Auckland David Lont, University of Otago
	CEO Compensation and Corporate Risk: Evidence from Product Market Threat Helen Roberts, University of Otago Eric Tan, University of Otago
	Cronyism and CEO Presence on the Compensation Committee Michelle Li, University of Auckland Helen Roberts, University of Otago
11:00am - 1:00pm	Session: Banking I Venue: Case room 1, level 0, Owen G Glenn Building (Business School) Session Chair: Dimitris Margaritis, University of Auckland
	Is getting larger a problem? Evidence from European banks Dimitris Margaritis, University of Auckland Maryam Hasannasab, University of Auckland David Mayes, University of Auckland Chris Staikouras, AUEB
	Financial market development and bank efficiency: A cross-country analysis Thanh Ngo, Massey University Tu Le, University of Camberra
	Impact of governance and gender on microfinance efficiency – A stochastic frontier analysis (updated 9th February) Uzma Bibi, Massey University Hatice Ozer Balli, Massey University Claire D. Matthews, Massey University
	Block holders and Government Guarantees Dulani Jayasuriya, University of Auckland
1:00pm - 2:00pm	To Top Lunch Venue: Level 1 Foyer, Owen G Glenn Building Sponsored by CFA Institute
2:00pm - 3:30pm	Session: Asset Pricing Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Session Chair: Bart Frijns, AUT
	A Comprehensive Look at the Return Predictability of Variance Risk Premia Tai-Yong Roh, AUT Bart Frijns, AUT Suk-Joon Byun, KAIST
	The correlation structure of anomaly strategies Paul Geertsema, University of Auckland Helen Lu, University of Auckland
	Heterogeneous Beliefs among Retail and Institutional Investors Bart Frijns, AUT Thanh D. Huynh, Monash University Alireza Tourani-Rad, AUT
2:00pm - 3:30pm	Session: Capital Markets II Venue: Case room 1, level 0, Owen G Glenn Building (Business School) Session Chair: Jun Chen, AUT
	Crude Inventory Accounting and Speculation in the Physical Oil Market Helen Roberts, University of Otago Ivan Diaz-Rainey, University of Otago David Lont, University of Otago
	Higher Moment Risk Premiums for the Crude Oil Market: A Downside and Upside Conditional Decomposition Yahua Xu, AUT José Da Fonseca, AUT
	Evaluating the Tracking Performance and Tracking Error of New Zealand Exchange Traded Funds Jun Chen, AUT Yi Chen, AUT Bart Frijns, AUT
3:30pm - 4:00pm	To Top Afternoon Tea Venue: Level 1 Foyer, Owen G Glenn Building Sponsored by CFA Society
4:00pm - 6:00pm	Session: Investments Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Session Chair: Ben Marshall, Massey University
	When are Extreme Daily Returns not Lottery? At Earnings Announcements! Harvey Nguyen, Monash University Cameron Truong, Monash University
	Analyst recommendations and international stock market returns Wanyi Yang, University of Auckland Henk Berkman, University of Auckland
	Country Governance and International Equity Returns Ben Marshall, Massey University Hung T. Nguyen, Monash University Nhut H. Nguyen, Massey University Nuttawat Visaltanachoti, Massey University
	The Performance of Governmental Venture Capital Firms: A Life Cycle Perspective and Evidence from China Aria Zhang, University of Auckland David Mayes, University of Auckland
4:00pm - 6:00pm	Session: Capital Structure Venue: Case room 1, level 0, Owen G Glenn Building (Business School) Session Chair: Sasha Molchanov, Massey University
	Financial Constraint and Productivity: Evidence from Canadian SMEs Shutao Cao, Victoria University Danny Leung, Victoria University
	Capital Structure and Market Timing: An International Evidence Krishna Reddy, University of Waikato Ngoc H. Tran, University of Waikato
	Uncertainty and Investment Choice in a Real-Options Model of the Firm Cameron Hobbs, Victoria University Graeme Guthrie, Victoria University
	Target Firm Size, Public/Private Status, and the Returns to Acquirers Sasha Molchanov, Massey University Sam Weir, Bancorp Merchant Bank
7:00pm - Late	To Top Dinner Venue: To be confirmed
Friday 10th February 2017To Top
09:00am - 11:00am	Session: International Finance Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Chair: Glenn Boyle, University of Canterbury
	Agency Theory, Corporate Governance and Dividend Payout in New Zealand. Helen Roberts, University of Otagoupdated 2/02/17 Travis Brown, University of Otago
	Measuring the potential effect of taxes and weight constraints on the home bias in New Zealand PIEs Shaun McDowell, University of Auckland
	To Carry, or Not to Carry, That is The Question Glenn Boyle, University of Canterbury Jedrzej Bialkowski, University of Canterbury Mark Carrodus, University of Canterbury
	Foreign strategic ownership and minority shareholder protection: Evidence from China Hamish Anderson, Massey University Jing Chi, Massey University Jing Liao, Massey University
09:00am -11:00am	Session: Banking II Venue: Case room 4, level 0, Owen G Glenn Building (Business School) Session Chair: Kent Matthews, Cardiff University
	The Consequences of Bank Loan Growth:Evidence from Asia Chaiporn Vithessonthi, Sunway University
	A Study on the Impacts of Risk Taking on Commercial Bank Profit Efficiency in China(updated 9th February) David Tripe, Massey University Mengfei Liu, Xi’an Jiaotong University
	'Run for home’: SME Lending and the Head Quarters bias Kent Matthews, Cardiff University Tianshu Zhao, University of Birmingham Kul Luintel, Cardiff University
	Potential of Market Discipline in Pakistan: The Bank Depositors’ Perspective Nawazish Mirza, SP Jain School of Global Management Bushra Naqvi, LUMS Syed Kumail Abbas Rizvi, Lahore School of Economics Birjees Rahat, JCR VIS Credit Ratings Company Ltd
11:00am - 11:30am	To Top Morning Tea Venue: Level 1 Foyer, Owen G Glenn Building
11:30am - 1:00pm	Session: Liquidity Venue: Case room 3, level 0, Owen G Glenn Building (Business School) Chair: Nuttawat Visaltanachoti, Massey University
	The Validity of Price Informativeness Proxies: Evidence from A Regulatory Experiment Stephen Gong, University of Auckland Shuo Kan, University of Southern California
	The Interactions between Price Discovery, Liquidity and Algorithmic Trading for US-Canadian Cross- Listed Shares Ivan Indriawan, AUT Bart Frijns, AUT Alireza Tourani-Rad, AUT
	Politics and Liquidity Nuttawat Visaltanachoti, Massey University Ben R. Marshall, Massey University Hung T. Nguyen, Massey University Nhut H. Nguyen, Massey University
11:30am - 1:00pm	Session: Financial Econometrics Venue:Case room 4, level 0, Owen G Glenn Building (Business School) Chair: Katja Ignatieva, UNSW
	Jump Activity Analysis for Affine Jump-diffusion Models: Evidences from the Commodity Market Katja Ignatieva, UNSW José Da Fonsecay, AUT
	Applying a logistic regression approach to predict extreme performers on the Johannesburg Securities Exchange JD Van Heerden, Lincoln University
	Modelling Intraday Correlations using Multivariate GARCH(Updated 7 February 2017) Ayesha Scott, AUT Annastiina Silvennoinenz, QUT Adam Clements, QUT
1:00pm - 2:00pm	To Top Colloquium Lunch and Prize Giving Venue: Level 1 Foyer, Owen G Glenn Building

Programme for the 2017 New Zealand Finance Colloquium

Thursday 9th February 2017

Friday 10th February 2017To Top