8th Annual Darden International Finance Conference 

Major Player In Emerging Markets:

The Role of Investors, Borrowers, Governments,

 and Non-Governmental Organizations

 

Conference Agenda - U.S. Event

March 19-20, 2009
 

All conference sessions will be held at the Darden School of Business, Room 270.

THuRsday, March 19, 2009

8:00 – 8:45 am Breakfast and Registration, Abbott Center
8:45 – 9:00 am

Welcome Remarks
9:00 – 11:30 am

Session 1: Investors - Sovereign Wealth Funds

Chair: David Lesmond, Tulane University

 Speaker: John Nugeé, State Street Global Advisors, London

Paper #1 Firm Values and Sovereign Wealth Fund Investments

 Presented by Kathryn Dewenter, University of Washington

Co-Authors: Xi Han and Paul Malatesta

Paper #2 ‘Sleeping With the Enemy’ or ‘An Ounce of Prevention’: Sovereign Wealth Fund Investments and Market Instability

Presented by Nathan Mauck, Florida State University

Co-Authors: Bong-Soo Lee and April Knill

Paper #3 Friends of Foes? The Stock Price Impact of Sovereign Wealth Fund Investments and the Price of Keeping Secrets

Presented by Ugur Lel, Federal Reserve Board

Co-Author: Jason Kotter

Open Discussion
11:30 – 11:45 am Refreshment Break, Outside Room 270
11:45 - 12:30 pm Lunch, Abbott Center
12:30 – 1:45 pm Keynote Speaker: Geert Bekaert, Columbia University - Abbott Center
1:45 – 4:45 pm

SESSION 2: CORPORATIONS – PROPERTY RIGHTS

Chair: Alexander Dyck, University of Toronto

 Paper #4 Cross Listing Waves

Presented by Michael Schill, Darden School of Business

 Co-Author: Sergei Sarkissian

Paper #5 Does Enforcement of Intellectual Property Rights Matter? Evidence from Financing and Investment Choices in the High Tech Industry

Presented by James Ang, Florida State University

Co-Authors: Yingmei Cheng and Chaopeng Wu

Paper #6 How Corporate Governance Affects Firm Value: Evidence on Channels From Korea

Presented by Bernard Black, University of Texas Law School

Co-Author: Woochan Kim, Hasung Jang and Kyung-Suh Park

Paper #7 Property Rights Protection, Corporate Transparency and Growth

Presented by Alexander Molchanov, Massey University

Co-Authors: Art Durnev and Vihang Errunza

Open Discussion
4:45 – 5:30 pm Break
5:30 – 6:30 pm Reception, Darden School South Lounge
6:30 – 8:00 pm Dinner, Abbott Center

FRIday, March 20, 2009

8:00 – 8:45 am Breakfast, Abbott Center
8:45 – 10:15 am

Session 3: FINANCIAL MARKETS - PRICES AND LIQUIDITY

Chair: Marc Lipson, Darden School of Business

Speaker: Peter Niculescu, former Chief Business Officer for Fannie Mae

Paper #8 Transparency, Liquidity and Valuation: International Evidence

Presented by Karl Lins, University of Utah

Co-Authors:  Mark Maffett and Mark Lang

Paper #9 Why Does the Reaction to News Announcements Vary Across Countries?

Presented by John Griffin, University of Texas at Austin

Co-Authors: Patrick Kelly, and Nicholas Hirschey

Open Discussion
10:15 – 10:30 am Refreshment Break, Outside Room 270
10:30 – 11:15 am Featured Speaker:  Jesse Fripp, Shorebank International
11:15 – 12:30 pm

Session 4: governMENTS anD BANKS - REGULATION OF BANKING

Chair: Stijn Claessens, International Monetary Fund

 Speaker: Thomas Glaessner, MD Global Policy, Citigroup

Paper #10 Bank Ownership, Capital Allocation and Economic Performance

Presented by Mehmet Deniz Yavuz, Arizona State University

Co-Authors:  Randall Morck and Bernard Yeung

Paper #11 Too Many to Fail? Evidence of Regulatory Forbearance When the Banking Sector is Weak

Presented by Craig Brown, Baruch College

Co-Author: Serdar Dinc

Open Discussion
12:30 – 1:15 pm

Lunch, Abbott Center
1:15 – 1:30 pm Closing Remarks