13th Annual Darden International Finance Conference

Investing in International Markets

Conference Agenda

May 22-23, 2014

THuRsday, May 22, 2014

8:00 – 8:45 am Breakfast and Registration (Abbott Dining Room and Saunders)
8:45 – 9:00 am Welcome Remarks (Classroom 270)
9:00 – 10:30 am Session 1 - International Asset Pricing - Chair: Ric Colacito, UNC

Preferred Habitats and Safe Haven Effects: Evidence from the London Housing Market
Presented by Cristian Badarinza, Oxford

The Term Structure of Currency Carry Trade Risk Premia
Presented by Adrien Verdelhan, MIT

10:30 – 10:45 am Refreshment Break
10:45 – 12:15 pm Session 2 - International Corporate Governance (1) - Chair: Darius Miller, SMU

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions
Presented by Rui Albuquerque, Boston University

Differences in Agency Problems between Public and Private Firms: Evidence from Top Management Turnover
Presented by Ugur Lel, Virginia Tech

12:15 - 2:00 pm Lunch & Keynote Presentation from Cam Harvey, Duke

How much should we invest in emerging markets?

2:15 - 4:00 pm Session 3 - Real Effects of Financial Structure - Chair: Karl Lins, Utah

Does Financial Structure Shape Industry Structure? Evidence from Timing of Bank Liberalization
Presented by Vikrant Vig, London Business School

Information Networks Within Business Groups: Evidence from India
Presented by Ankur Pareek, Rutgers

4:00 – 4:30 pm Practitioner Talk - Nicholas Sargen – Fort Washington Investment Advisors, Inc.
4:30 – 5:30 pm Break
5:30 pm Bus Departs for Pippin Hill Vineyards (meet at Saunders stairs)
6:00 – 7:00 pm Reception
7:00 – 9:00 pm Dinner

FRIday, May 23, 2014

7:30 – 8:30 am Breakfast (Abbott Dining Room)
8:30 – 10:00 am Session 4 - Policy and Financing Decisions - Chair: Sergio Schmukler, World Bank

Debt Renegotiation and Investment Decisions Across Countries
Presented by Giovanni Favara, Federal Reserve Board

Banks, Government Bonds, and Default: What do the Data Say?
Presented by Stefano Rossi, Purdue

10:00 – 10:30 am Practitioner Talk - Rodolfo Martell - Director/Portfolio Manager Blackrock
10:30 – 10:45 am Refreshment Break
10:45 – 12:15 pm Session 5 - International Corporate Governance (2) - Chair: Alexander Dyck, U. Toronto

Incorporation in Offshore Financial Centers: Naughty or Nice?
Presented by Edith Liu, Cornell

Bribes and Firm Value
Presented by Stefan Zeume, INSEAD

12:15 – 12:30 pm Concluding Remarks
12:30 – 1:30 pm Lunch