Conference Venue: University of Melbourne, Economics and Commerce Building, Parkville
Dinner Venue: RACV Club, Level 2, 501 Bourke St, Melbourne
:: Download full program (pdf file)
:: View conference and dinner photos
The following articles based on presentations to the 2008 Banking and Finance conference were published in the December 2008 edition of the Finsia's member magazine, inFinance and are available here:
"Crisis elevates risk management" by Dr Mark Lawrence, McKinsey and Co.[Download article]
"Charting Australia's Future as a Finance Centre" by Michael Ullmer, Deputy Group CEO, National Australia Bank [Download article]
"The sub prime debacle and financial turmoil" by Robert Eisenbeis, Chief Monetary Economist, Cumberland Advisors Inc [Download presentation]
Program
| Plenary Speakers: |
Malcolm Rodgers, Director Strategy, ASIC *
|
Ben Hermalin, Professor, Hass Business School, University of California, Berkley |
Ann Byrne, CEO, Australian Council of Super Investors * |
Mark Lawrence, Partner, McKinsey & Co |
| Robert Eisenbeis, Chief Monetary Economist, Cumberland Advisors Inc
|
Mark Johnson, Chairman, AGL Limited |
Warren McGregor, Member, IASB
Honorary Professor, Monash University |
Danny Bessell, Managing Director Investment Banking Division, Goldman Sachs JB Were *
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| Contributed Paper Sessions and Practitioner Workshops: |
| CDOs and Credit Spreads |
Rating model arbitrage in CDO markets: an empirical analysis
Stefan Morkotter, University of St Gallen, Switzerland
Simone Westerfeld, University of St Gallen, Switzerland |
Modelling of CPDOs identifying optimal and implied leverage
Jochen Dorn, Universite Paris1 Pantheon-Sorbonne |
A multifactor model of credit spreads
Ramaprasad Bhar, University of New South Wales
Nedim Handzic, University of New South Wales |
| Earnings Announcements and Sentiments |
Investors Distraction, Earnings Announcements and Stock Prices: A Temporal Analysis *
Leon Zolotoy, Melbourne Business School, University of Melbourne |
Event Day 0? After-Hours Earnings Announcements *
Henk Berkman, Massey University
Cameron Truong, University of Auckland |
Investor Sentiment, Institutional Ownership, and Corporate Investment *
Hui (Michael) Li, LaTrobe University |
| Corporate Finance |
Do Accelarated Stock Re-Purchases Deter Takeovers? An Empirical Analysis
Chander Shekhar, University of Melbourne |
An Investigation of Dynamic Dividend Behavior in Korea
Jinho Jeong, Korea University |
|
| Corporate Governance |
Does Board Independence Improve Firms' Performance?
Hsin-I Chou, LaTrobe University
Philip A Hamill, University of Ulster |
State Dominant and Non-State Dominant Ownership Concentration and Firm Performance: Evidence from China
Kurt Hess, University of Waikato
Abeyratna Gunasekarage, University of Canterbury
Martin Hovey, University of Southern Queensland |
|
| Transformation and Process Improvement Lessons from the Front-Line |
Chair: Martin Fahy F Fin, CEO, Finsia
Overview: Peter Barta, Everest Group
:: Download presentation: Sustainability of Labor Arbitrage Peter Barta
Enterprise System (ERP): Michael Sullivan, Oracle
Specialist Risk System: Bill Holley, SAS
Hardware: Mark Jurisic, HP Australia
Making It Work: Brian Clark, GM Technology, Asia Pac, ANZ
Integrating Solutions: Vishnu Bhat, Infosys |
Analysts, Ratings and Information |
Ratings Transitions: How do they vary with the Business Cycle? *
Michael Chua, Melbourne Institute of Applied Economics and Social Research |
The Information Role of Financial Derivatives *
Qi Zeng, University of Melbourne |
The Role of Financial Analysts in the Australian Capital Market *
Chee Seng Cheong, Flinders Business School, Flinders University
Mahmud Al Masum, Business School, University of Adelaide
Ralf Zurbruegg, Business School, University of Adelaide |
| Equity Returns and Trading Behaviour |
The Extent of Individual Investor Trading Losses: Evidence from the Australian Securities Exchange *
Kingsley Fong, University of New South Wales
David R Gallagher, University of New South Wales
Adrian D Lee, University of New South Wales |
Trading Volume, Price Momentum and Earnings Momentum: Australian Evidence *
Laksham Alles, Curtin University of Technology
Everlyn Lee, Newmont Asia Pacific |
Institutional Trading Around the Ex-Dividend Day *
Andrew Ainsworth, University of New South Wales
David R Gallagher, University of New South Wales
Kingsley Fong, University of New South Wales
Graham Partington, University of Sydney |
| Corporate Governance |
Managerial Share Ownership and Operating Performance: Do Independent and Executive Directors have Different Incentives?
Paul Mather, Monash University |
IT Strategies for the New Economy
Rajeev Arora, Infosys |
|
| Credit Risk: CDs and Economic Capital |
Economic Capital, Loan Pricing and "Ratings Arbitrage"
Craig Ellis, University of Western Sydney
Maike Sundmacher, University of Western Sydney |
Component Structure of Credit Default Swap Spreads and their Determinants *
Ramaprasad Bhar, University of New South Wales
David Colwell, University of New South Wales
Peipei Wang, University of New South Wales |
The Price of Protection: Derivatives, Default Risk and Margining
Rajna Gibson, University of Zurich
Carsten Murawski, University of Melbourne |
|
Speakers:
Jeff Oughton, Head of Australian Economics & Industry Intelligence, NAB
Alex Joiner, Economist Australian Economics & Interest Rate Research, ANZ
Duncan Ironmonger, Department of Economics, University of Melbourne |
| Bank Lending, Relationships and Security |
Monitoring, Financing and Optimal Multiple-Bank Relationships *
Wei-Lin Liu, Nanyang Technological University |
Does Syndication Matter? Evidence from Loan Pricing
Tram Vu, Monash University
Mike Skully, Monash University |
Securing a Loan using Book Debts: Implications and Guidance for Australian Financiers after the Spectrum Plus Ruling *
Lang Thai, Deakin University |
| Determinants of Equity Returns |
Size and Book-to-market Factors in Australia *
Michael A O'Brien, University of Queensland
Tim Brailsford, University of Queensland
Clive Gaunt, University of Queensland |
Going Negative: What To Do with Negative Book Equity Stocks *
Stephen Brown, Stern Business School, New York University
Paul Lajbcygier, Monash University
Bob Li, Monash University |
An Empirical Investigation of the Short Term Impact of the Recent International Terrorist Attacks on the Australian Equity Market
Vikash Ramiah, RMIT University |
| Financial Decision Making |
Location Decisions of Domestic and Foreign-Affiliated Financial Advisors: Australian Evidence
Robert W Faff, Monash University
Tribeni Lodh, Lehman Brothers Australia
Jerry T Parwada, University of New South Wales |
Hot Issue Markets, Political Hot Seasons and Political Cycles: An Explanation to Cyclical Fluctuations in Chinese IPOs Market
Peigong Li, Xiamen University
Yifeng Shen, Xiamen University
Chin-tan Huang, Ming Chuan University |
Determinants and Valuation: Rent or Buy a House
Noel Yahanpath, Eastern Institute of Technology
Paul Walker, Eastern Institute of Technology |
| Quantitative Finance |
Conditional Analytic Monte-Carlo Pricing Scheme
Mark S Joshi, University of Melbourne
Christian P Fries, University of Melbourne |
Modelling Subordinated Stochastic Processes with Student's t and Generalized Secant Hyperbolic Increments: Empirical Study of Speculative Energy Markets (abstract only)
Jean Hu, HSBC North America, University of Queensland |
A Closer Examination of Extreme Value Theory Modeling in Value-at-Risk Estimation
Wei-han Liu, Tamkang University |
| IFRS and Finance |
Financial market implications of International Financial Reporting Standards
Speakers:
Warren McGregor, member International Accounting Standards Board and Honourary Professor, Monash University
Ashley Rockman, Partner, PricewaterhouseCoopers
Keryn Chalmers, Head of Accounting and Finance, Monash University |
| Bank Customers, Disclosure and Performance |
Why Not Switch? Switching costs and Switching Intentions
Claire Matthews, Massey University
Chris Moore, Massey University
Malcolm Wright, University of South Australia |
Bank Branch Performance Assessment: Including Customer Satisfaction Levels
David Tripe, Massey University |
Ownership Structure, Supervisory Activity Restriction and the Diversification Effects on Bank Performance
Yuanchen Chang, National Chenchi University
Hsiangping Tsai, Yuan Ze University |
| Illiquidity, Risk and Return |
The impact of a new term auction facility on LIBOR-OIS spreads and volatility transmission between money and mortgage markets
Francis In, Monash University |
Can Default Risk Explain Stock Return in Negative Book Equity Stocks? *
Bob Li, Monash University
Paul Lajbcygier, Monash University
Songyang Guo, Monash University
Xiaoying Chen, California State University |
Is difference of opinion amongst investors a source of risk
Philip Gharghori, Monash University
Quin See, Monash University
Madhu Veeraraghavan, Monash University |
| Equity Markets |
Does institutional history determine foreign investors' equity trading disadvantage in US equity markets?
Jerry T Parwada, University of New South Wales
Donald W Winchester, University of New South Wales
Terry S Walter, Macquarie University |
Explicity Equity Transaction Cost Waive Determinants for Institutional Investors in US Stock Markets *
Jerry T Parwada, University of New South Wales
Donald W Winchester, University of New South Wales
Terry S Walter, Macquarie University
|
Rights Offerings, takeup and market inefficiency *
Bala Balachandran, Monash University |
| Systematic Risk |
Variance Risk Dynamics, Variance Risk Premia and Optimal Variance Swap Investments *
Markus Leippold, Imperial College, London, Tanaka Business School
Daniel Egloff, Zurich Cantonalbank
Zicklin School of Business |
Stability and Predictibility of Betas in Pakistani Context *
Shahid Ali, Muhammad Ali Jinnah University
Sajid Mehmood, Muhammad Ali Jinnah University
Muhammad Eshfaq Habib, Muhammad Ali Jinnah University |
An Examination of Systematic Risk in a Scaled Market Model *
Martin L Gold, University of Woollongong |
| Stapled Securities |
Performance, Governance and Structural Issues in Listed Infrastructure Trusts and Stapled Securities
Presenters:
Martin Lawrence, Head of Research, RiskMetrics
Kevin Davis, SF Fin, Director, Melbourne Centre for Financial Studies |
|
Gold Sponsor
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