{"id":21763,"date":"2014-09-02T15:39:12","date_gmt":"2014-09-02T13:39:12","guid":{"rendered":"http:\/\/www.ieseg.fr\/?page_id=21763"},"modified":"2015-05-16T16:34:25","modified_gmt":"2015-05-16T14:34:25","slug":"program","status":"publish","type":"page","link":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/","title":{"rendered":"Program"},"content":{"rendered":"

Program Timetable<\/h3>\n\n\n\n\n\n\n\n\n\n\n
08:30 \u2013 9:15<\/td>\nRegistration and Coffee
\nEntrance Lobby<\/td>\n<\/tr>\n
9:15 \u2013 9:30<\/td>\nOpening and Welcome Speech
\nCeremony Hall<\/td>\n<\/tr>\n
9:30 \u2013 12:10<\/td>\nParalell Sessions<\/td>\n<\/tr>\n
12:30 \u2013 13:45<\/td>\nLunch
\nRoom B45<\/td>\n<\/tr>\n
14:00 \u2013 15:00<\/td>\nKeynote presentation
\nProfessor Gilles Chemla<\/strong>
\nImperial College London\u201cGovernment as Borrower of First Resort\u201d<\/strong><\/td>\n<\/tr>\n
15:00 \u2013 15:15<\/td>\nCoffee Break
\nLobby<\/td>\n<\/tr>\n
15:15 \u2013 17:55<\/td>\nParallel Sessions<\/td>\n<\/tr>\n
18:00<\/td>\nConference Ends<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Detailed Program of Sessions<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Session 1<\/strong><\/p>\n

9:30 \u2013 12:10<\/strong><\/p>\n<\/td>\n

\n

Mergers, Acquisitions, and Divestitures<\/strong>
\nSession Chair: Elettra Agliardi<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\nStrategic Divestiture under Tacit and Incomplete Information<\/strong>
\nQing Ma <\/strong>(HKUST), Susheng Wang (HKUST)
\nDiscussant: Irina De Bruyne Demidova (Universit\u00e9 Lille Nord de France – SKEMA Business School)<\/td>\n<\/tr>\n
<\/td>\nOn the Comparison of Takeover Gains between the US and Other Major Markets: Synergy or Bargaining Power?<\/strong>
\nDiem Nguyen <\/strong>(University of Gothenburg)
\nDiscussant: Qing Ma (HKUST)<\/td>\n<\/tr>\n
<\/td>\nTime Lost in Negotiations: Productive or Wasteful?<\/strong>
\nIrina De Bruyne Demidova <\/strong>(Universit\u00e9 Lille Nord de France – SKEMA Business School)
\nDiscussant: Elettra Agliardi (University of Bologna and RCEA)<\/td>\n<\/tr>\n
<\/td>\nOptimal Capital Structure and Growth Options in Mergers and Acquisitions<\/strong>
\nElettra Agliardi <\/strong>(University of Bologna and RCEA), Amir Amel-Zadeh (University of Cambridge \u2013 Judge Business School), Nicos Koussis (Frederick University
\nCyprus)
\nDiscussant: Diem Nguyen (University of Gothenburg)<\/td>\n<\/tr>\n
\n

Session 2<\/strong><\/p>\n

9:30 \u2013 12:10<\/strong><\/p>\n<\/td>\n

\n

Corporate Governance<\/strong>
\nSession Chair: Laura Arranz Aperte<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\nThe Voice of Foreign Blockholders: A Corporate Governance Perspecitve<\/strong>
\nChristof Beuselinck (IESEG School of Management), Fabiola Montalto<\/strong> (University of Calabria)
\nDiscussant: Yiqing Lu (London School of Economics)<\/td>\n<\/tr>\n
<\/td>\nThe Provision of Incentive and Feedback: Should We Bend the Rules for Discretionary Managerial Compensation?<\/strong>
\nYiqing Lu <\/strong>(London School of Economics)
\nDiscussant:Fabiola Montalto (University of Calabria)<\/td>\n<\/tr>\n
<\/td>\nThe Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries<\/strong>
\nHans Degryse (KU Leuven, Tilburg University, and CEPR), Thomas Lambert<\/strong> (UCLouvain and Universit\u00e9 Lille Nord de France \u2013
\nSKEMA), Armin Schwienbacher (Universit\u00e9 Lille Nord de France \u2013 SKEMA)
\nDiscussant: Laura Arranz Aperte (Autonoma University of Madrid and Hanken School of Economics)<\/td>\n<\/tr>\n
<\/td>\nCEO Compensation and Board Composition as Alternative Instruments of Corporate Governance<\/strong>
\nPablo de Andr\u00e9s (Autonoma University of Madrid), Laura Arranz<\/strong> Aperte<\/strong> (Autonoma University of Madrid and
\nHanken School of Economics)
\nDiscussant: Thomas Lambert (UCLouvain and Universit\u00e9 Lille Nord de France \u2013 SKEMA)<\/td>\n<\/tr>\n
\n

Session 3<\/strong><\/p>\n

15:15 \u2013 17:15<\/strong><\/p>\n<\/td>\n

\n

Private Equity and Entrepreneurship<\/strong>
\nSession Chair: Maja Gejadze<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\nUnion of Three Partners: Multiple Agency, Power-Dependence Relations, and the Costs of LBO Financing <\/strong>
\nAnantha Krishna Divakaruni <\/strong>(Vlerick Business School and Ghent University), Miguel Meuleman (Vlerick Business School and Ghent University)
\nDiscussant: Jurgen Hanssens (Ghent University)<\/td>\n<\/tr>\n
<\/td>\nPersistence in Financing Policies: New Evidence from Entrepreneurial Firms<\/strong>
\nJurgen Hanssens\u00a0 <\/strong>(Ghent University), Tom Vanacker (Ghent University), Marc Deloof (University of Antwerp)
\nDiscussant: Maia Gejadze (IESEG School of Management)<\/td>\n<\/tr>\n
<\/td>\nAgency Problems and Internal Syndication of Venture Capital Investments<\/strong>
\nMaia Gejadze <\/strong>(IESEG School of Management)
\nDiscussant: Anantha Krishna Divakaruni (Vlerick Business School and Ghent University)<\/td>\n<\/tr>\n
\n

Session 4<\/strong><\/p>\n

15:15 \u2013 17:55<\/strong><\/p>\n<\/td>\n

\n

Financial Distress, Investment, and Share Repurchases<\/strong>
\nSession Chair: Oksana Pryshchepa<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\nActual Share Repurchases, Price Efficiency, and the Information Content of Stock Prices<\/strong>
\nPascal Busch (University of Mannheim), Stefan Obernberger <\/strong>(University of Mannheim and Erasmus University)
\nDiscussant: Jacopo Bizzotto (Boston University)<\/td>\n<\/tr>\n
<\/td>\nAsset Liquidity and Investment: Empirical Evidence<\/strong>
\nStefan Hirth\u00a0 <\/strong>(Aarhus University)
\nDiscussant: Stefan Obernberger (Erasmus University Rotterdam)<\/td>\n<\/tr>\n
<\/td>\nCertifier Competition and Product Quality<\/strong>
\nJacopo Bizzotto <\/strong>(Boston University)
\nDiscussant: Oksana Pryshchepa (Lancaster University)<\/td>\n<\/tr>\n
<\/td>\nAsset Substitutions and Financial Distress<\/strong>
\nOksana Pryshchepa <\/strong>(Lancaster University), Kevin Aretz (Manchester Business School), Shantanu Banerjee (Lancaster University)
\nDiscussant: Stefan Hirth (Aarhus University)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

List of participants<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Name<\/strong><\/td>\nInstitution<\/strong><\/td>\nE-mail Address<\/strong><\/td>\n<\/tr>\n
Elettra Agliardi<\/td>\nUniversity of Bologna and RCEA<\/td>\nelettra.agliardi@unibo.it<\/a><\/td>\n<\/tr>\n
Laura Arranz-Aperte<\/td>\nHanken School of Economics<\/td>\nlarranz@hanken.fi<\/a><\/td>\n<\/tr>\n
Jacopo Bizzotto<\/td>\nBoston University<\/td>\nbizzotto@bu.edu<\/a><\/td>\n<\/tr>\n
Marc Deloof<\/td>\nUniversity of Antwerp<\/td>\nmarc.deloof@uantwerpen.be<\/a><\/td>\n<\/tr>\n
Irina De Bruyne Demidova<\/td>\nSkema Business School<\/td>\nirina.debruyne@gmail.com<\/a><\/td>\n<\/tr>\n
Anantha Krishna Divakaruni<\/td>\nVlerick Business School<\/td>\nanantha.krishna@vlerick.com<\/a><\/td>\n<\/tr>\n
Maia Gejadze<\/td>\nIESEG School of Management<\/td>\nm.gejadze@ieseg.fr<\/a><\/td>\n<\/tr>\n
J\u00fcrgen Hanssens<\/td>\nGhent University<\/td>\njurgen.hanssens@ugent.be<\/a><\/td>\n<\/tr>\n
Stefan Hirth<\/td>\nAarhus University<\/td>\nstefanh@asb.dk<\/a><\/td>\n<\/tr>\n
Thomas Lambert<\/td>\nUCLouvain<\/td>\nthomas.lambert@uclouvain.be<\/a><\/td>\n<\/tr>\n
Yiquing Lu<\/td>\nLondon School of Economics<\/td>\ny.lv@lse.ac.uk<\/a><\/td>\n<\/tr>\n
Qing Ma<\/td>\nHKUST<\/td>\nqmaaa@ust.hk<\/a><\/td>\n<\/tr>\n
Fabiola Montalto<\/td>\nUniversity of Calabria<\/td>\nfabiola.montalto@unical.it<\/a><\/td>\n<\/tr>\n
Diem Nguyen<\/td>\nUniversity of Gothenburg<\/td>\ndiem.nguyen@cff.gu.se<\/a><\/td>\n<\/tr>\n
Stefan Obernberger<\/td>\nErasmus University Rotterdam<\/td>\nobernberger@ese.eur.nl<\/a><\/td>\n<\/tr>\n
Oksana Pryshchepa<\/td>\nLancaster University<\/td>\no.pryshchepa@lancaster.ac.uk<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions 12:30 \u2013 13:45 Lunch Room B45 […]<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":18853,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"template-page-redesign.php","meta":{"inline_featured_image":false},"acf":[],"yoast_head":"\nProgram - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Program - I\u00c9SEG\" \/>\n<meta property=\"og:description\" content=\"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/\" \/>\n<meta property=\"og:site_name\" content=\"I\u00c9SEG\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\" \/>\n<meta property=\"article:modified_time\" content=\"2015-05-16T14:34:25+00:00\" \/>\n<meta name=\"author\" content=\"Anais ANDREOSSO\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IESEG\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ieseg.fr\/#organization\",\"name\":\"Ieseg\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"sameAs\":[\"https:\/\/www.linkedin.com\/edu\/school?id=12453\",\"https:\/\/www.youtube.com\/user\/IESEGChannel\",\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\",\"https:\/\/twitter.com\/IESEG\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"width\":\"1000\",\"height\":\"311\",\"caption\":\"Ieseg\"},\"image\":{\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ieseg.fr\/#website\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"name\":\"I\u00c9SEG\",\"description\":\"School of Management\",\"publisher\":{\"@id\":\"https:\/\/www.ieseg.fr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ieseg.fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#webpage\",\"url\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/\",\"name\":\"Program - I\u00c9SEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.ieseg.fr\/#website\"},\"datePublished\":\"2014-09-02T13:39:12+00:00\",\"dateModified\":\"2015-05-16T14:34:25+00:00\",\"description\":\"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"I\u00c9SEG\",\"item\":\"https:\/\/www.ieseg.fr\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Faculty and Research\",\"item\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Research\",\"item\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"The 12th Corporate Finance Day\",\"item\":\"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Program\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Program - I\u00c9SEG","description":"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/","og_locale":"en_US","og_type":"article","og_title":"Program - I\u00c9SEG","og_description":"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions","og_url":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/","og_site_name":"I\u00c9SEG","article_publisher":"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts","article_modified_time":"2015-05-16T14:34:25+00:00","author":"Anais ANDREOSSO","twitter_card":"summary_large_image","twitter_site":"@IESEG","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.ieseg.fr\/#organization","name":"Ieseg","url":"https:\/\/www.ieseg.fr\/","sameAs":["https:\/\/www.linkedin.com\/edu\/school?id=12453","https:\/\/www.youtube.com\/user\/IESEGChannel","https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts","https:\/\/twitter.com\/IESEG"],"logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/","url":"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg","contentUrl":"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg","width":"1000","height":"311","caption":"Ieseg"},"image":{"@id":"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/"}},{"@type":"WebSite","@id":"https:\/\/www.ieseg.fr\/#website","url":"https:\/\/www.ieseg.fr\/","name":"I\u00c9SEG","description":"School of Management","publisher":{"@id":"https:\/\/www.ieseg.fr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ieseg.fr\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#webpage","url":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/","name":"Program - I\u00c9SEG","isPartOf":{"@id":"https:\/\/www.ieseg.fr\/#website"},"datePublished":"2014-09-02T13:39:12+00:00","dateModified":"2015-05-16T14:34:25+00:00","description":"Program Timetable 08:30 \u2013 9:15 Registration and Coffee Entrance Lobby 9:15 \u2013 9:30 Opening and Welcome Speech Ceremony Hall 9:30 \u2013 12:10 Paralell Sessions","breadcrumb":{"@id":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/program\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"I\u00c9SEG","item":"https:\/\/www.ieseg.fr\/en\/"},{"@type":"ListItem","position":2,"name":"Faculty and Research","item":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/"},{"@type":"ListItem","position":3,"name":"Research","item":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/"},{"@type":"ListItem","position":4,"name":"The 12th Corporate Finance Day","item":"https:\/\/www.ieseg.fr\/en\/faculty-and-research\/research\/corporate-finance-day\/"},{"@type":"ListItem","position":5,"name":"Program"}]}]}},"_links":{"self":[{"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/pages\/21763"}],"collection":[{"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/comments?post=21763"}],"version-history":[{"count":0,"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/pages\/21763\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/pages\/18853"}],"wp:attachment":[{"href":"https:\/\/www.ieseg.fr\/en\/wp-json\/wp\/v2\/media?parent=21763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}