Program Timetable
| 08:30 – 9:15 | Registration and Coffee Entrance Lobby |
| 9:15 – 9:30 | Opening and Welcome Speech Ceremony Hall |
| 9:30 – 12:10 | Paralell Sessions |
| 12:30 – 13:45 | Lunch Room B45 |
| 14:00 – 15:00 | Keynote presentation Professor Gilles Chemla Imperial College London“Government as Borrower of First Resort” |
| 15:00 – 15:15 | Coffee Break Lobby |
| 15:15 – 17:55 | Parallel Sessions |
| 18:00 | Conference Ends |
Detailed Program of Sessions
|
Session 1 9:30 – 12:10 |
Mergers, Acquisitions, and Divestitures |
| Strategic Divestiture under Tacit and Incomplete Information Qing Ma (HKUST), Susheng Wang (HKUST) Discussant: Irina De Bruyne Demidova (Université Lille Nord de France – SKEMA Business School) |
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| On the Comparison of Takeover Gains between the US and Other Major Markets: Synergy or Bargaining Power? Diem Nguyen (University of Gothenburg) Discussant: Qing Ma (HKUST) |
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| Time Lost in Negotiations: Productive or Wasteful? Irina De Bruyne Demidova (Université Lille Nord de France – SKEMA Business School) Discussant: Elettra Agliardi (University of Bologna and RCEA) |
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| Optimal Capital Structure and Growth Options in Mergers and Acquisitions Elettra Agliardi (University of Bologna and RCEA), Amir Amel-Zadeh (University of Cambridge – Judge Business School), Nicos Koussis (Frederick University Cyprus) Discussant: Diem Nguyen (University of Gothenburg) |
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Session 2 9:30 – 12:10 |
Corporate Governance |
| The Voice of Foreign Blockholders: A Corporate Governance Perspecitve Christof Beuselinck (IESEG School of Management), Fabiola Montalto (University of Calabria) Discussant: Yiqing Lu (London School of Economics) |
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| The Provision of Incentive and Feedback: Should We Bend the Rules for Discretionary Managerial Compensation? Yiqing Lu (London School of Economics) Discussant:Fabiola Montalto (University of Calabria) |
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| The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries Hans Degryse (KU Leuven, Tilburg University, and CEPR), Thomas Lambert (UCLouvain and Université Lille Nord de France – SKEMA), Armin Schwienbacher (Université Lille Nord de France – SKEMA) Discussant: Laura Arranz Aperte (Autonoma University of Madrid and Hanken School of Economics) |
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| CEO Compensation and Board Composition as Alternative Instruments of Corporate Governance Pablo de Andrés (Autonoma University of Madrid), Laura Arranz Aperte (Autonoma University of Madrid and Hanken School of Economics) Discussant: Thomas Lambert (UCLouvain and Université Lille Nord de France – SKEMA) |
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Session 3 15:15 – 17:15 |
Private Equity and Entrepreneurship |
| Union of Three Partners: Multiple Agency, Power-Dependence Relations, and the Costs of LBO Financing Anantha Krishna Divakaruni (Vlerick Business School and Ghent University), Miguel Meuleman (Vlerick Business School and Ghent University) Discussant: Jurgen Hanssens (Ghent University) |
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| Persistence in Financing Policies: New Evidence from Entrepreneurial Firms Jurgen Hanssens (Ghent University), Tom Vanacker (Ghent University), Marc Deloof (University of Antwerp) Discussant: Maia Gejadze (IESEG School of Management) |
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| Agency Problems and Internal Syndication of Venture Capital Investments Maia Gejadze (IESEG School of Management) Discussant: Anantha Krishna Divakaruni (Vlerick Business School and Ghent University) |
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Session 4 15:15 – 17:55 |
Financial Distress, Investment, and Share Repurchases |
| Actual Share Repurchases, Price Efficiency, and the Information Content of Stock Prices Pascal Busch (University of Mannheim), Stefan Obernberger (University of Mannheim and Erasmus University) Discussant: Jacopo Bizzotto (Boston University) |
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| Asset Liquidity and Investment: Empirical Evidence Stefan Hirth (Aarhus University) Discussant: Stefan Obernberger (Erasmus University Rotterdam) |
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| Certifier Competition and Product Quality Jacopo Bizzotto (Boston University) Discussant: Oksana Pryshchepa (Lancaster University) |
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| Asset Substitutions and Financial Distress Oksana Pryshchepa (Lancaster University), Kevin Aretz (Manchester Business School), Shantanu Banerjee (Lancaster University) Discussant: Stefan Hirth (Aarhus University) |
List of participants
| Name | Institution | E-mail Address |
| Elettra Agliardi | University of Bologna and RCEA | elettra.agliardi@unibo.it |
| Laura Arranz-Aperte | Hanken School of Economics | larranz@hanken.fi |
| Jacopo Bizzotto | Boston University | bizzotto@bu.edu |
| Marc Deloof | University of Antwerp | marc.deloof@uantwerpen.be |
| Irina De Bruyne Demidova | Skema Business School | irina.debruyne@gmail.com |
| Anantha Krishna Divakaruni | Vlerick Business School | anantha.krishna@vlerick.com |
| Maia Gejadze | IESEG School of Management | m.gejadze@ieseg.fr |
| Jürgen Hanssens | Ghent University | jurgen.hanssens@ugent.be |
| Stefan Hirth | Aarhus University | stefanh@asb.dk |
| Thomas Lambert | UCLouvain | thomas.lambert@uclouvain.be |
| Yiquing Lu | London School of Economics | y.lv@lse.ac.uk |
| Qing Ma | HKUST | qmaaa@ust.hk |
| Fabiola Montalto | University of Calabria | fabiola.montalto@unical.it |
| Diem Nguyen | University of Gothenburg | diem.nguyen@cff.gu.se |
| Stefan Obernberger | Erasmus University Rotterdam | obernberger@ese.eur.nl |
| Oksana Pryshchepa | Lancaster University | o.pryshchepa@lancaster.ac.uk |