Session 1: regulation

Chair: Chester Spatt, SEC and Carnegie Mellon

Paper #1 Financial Globalization and Risk Sharing: Welfare Effects and the Optimality of Open Markets

Presented by Andrey Ukhov, Indiana University

Co-Author: Charles Trzcinka

Discussant: Pete Kyle, University of Maryland

Paper #2 Help or Hindrance: An Examination of Securities Regulation and Firm Issuance Around the World

Presented by Nela Richardson, Freddie Mac

Co-Author: April Knill

Discussant: Arturo Bris, IMD, Switzerland

Chair: Leora Klapper, World Bank

Paper # 3 Strategic Disclosure and Stock Returns: Theory and Evidence from U.S. Cross-listing

Presented by Masahiro Watanabe, Rice University

Co-Authors: Shingo Goto, Yan Xu

Discussant: Andrew Karolyi, Ohio State University

Paper #4 From Listing to Delisting: Foreign firms’ entry and exit from the U.S.

Presented by Susan Chaplinsky, University of Virginia

Co-Author: Latha Ramchand

Discussant: Christian Leuz, University of Chicago

Session 3: Governance

Chair: Kurt Schacht, CFA Institute

Paper #5 Corporate Governance and Regulations: Can There be Too Much of a Good Thing?

Presented by Stijn Claessens, International Monetary Fund

Co-Author: Valentina Giulia Bruno

Discussant: Bernard Yeung, New York University

Paper #6 Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth

Presented by René Stulz, Ohio State University

Co-Authors: Reena Aggarwal, Isil Erel, Rohan Williamson

Discussant: Mara Faccio, Vanderbilt University

Paper #7 Corporate Governance Quality: Trends and Real Effects

Presented by Gianni De Nicolo, International Monetary Fund

Co-Authors: Luc Laeven, Kenichi Ueda

Discussant: Simi Kedia, Rutgers University

Session 4: Integration and Diversification

Chair: Marc Lipson, University of Virginia

Paper #8 Is the International Diversification Potential Diminishing?

Presented by Karen Lewis, University of Pennsylvania

Discussant: Robert Hodrick, Columbia University

Paper #9 Are the Investible Indices Priced Globally or Locally?

Presented by Francesca Carrieri, McGill University

Co-Authors: Ines Chieb, Vihang Errunza

Discussant: Christian Lundblad, University of North Carolina

Session 5: Informational efficiency

Chair: Jeremy Armitage, State Street Global Markets

Paper #10 Do Foreigners Facilitate Information Transmission?

Presented by Kee-Hong Bae, Queens University

Co-Authors: Arzu Ozogus, Hongping Tan

Discussant: Jennifer Conrad, University of North Carolina

Paper #11 Is Stock Picking Declining Around the World?

Presented by Neal Galpin, Texas A&M University

Co-Author:  Utpal Bhattacharya, Indiana University

Discussant: Soeren Hvidkjaer, University of Maryland

Paper #12 Measurement and Determinants of International Stock Market Efficiency

Presented by Patrick Kelly, University of South Florida

Co-Authors: John Griffin, Federico Nardari

Discussant: Randall Morck, University of Alberta