PLACE DE BROUCKÈRE-PLEIN - 31 - 1000 BRUSSELS - BELGIUM - Tel: 32 2 2266660 - Fax: 32 2 5121929
9th WORKSHOP ON CORPORATE GOVERNANCE Brussels, May 14-15, 2012
Tomas CASAS KLETT - IFPM-CCG, Shangaï, China Hugh GROVE - University of Denver, USA Martin HILB (Coordinating Chairperson) - University of St. Gallen, Switzerland Laura SPIRA - Oxford Brookes University Business School, U.K.
PROGRAMME and LIST OF PARTICIPANTS
Monday , May 14, 2012
Registration 2nd floor EIASM offices 08: 30 – 09:00
Introduction in AUDI 2 (2 nd floor) 09:00 – 09:4 0
AUDI 2 AUDI 1 TRACK A: Keep it Situational TRACK B: Keep it Strategic Chaired by Tomas Casas Chaired by Martin Hilb
CORPORATE GOVERNANCE IMPLICATIONS FROM THE 2008 FINANCIAL 09:40 – 10:10 BOARD COMPOSITION AND VALUE: THE CASE OF QUALITY EXCELLENCE CRISIS GEORGIOU IFIGENIA, (ASTON UNIVERSITY / ASTON BUSINESS SCHOOL - GROVE HUGH, (DENVER UNIVERSITY - U.S.A.) - LISA VICTORAVICH U.K.) - ANDREAS CHARITOU - ANDREAS SOTERIOU
10:10 – 10:40 DISCLOSURE QUALITY: DOES DIVERSITY ON BOARD AND ON TOP EFFECTS OF CORPORATE GOVERNANCE ON MAJOR SHAREHOLDERS’ MANAGEMENT MAKE THE DIFFERENCE? INVESTMENT DECISIONS IN THE UK LISTED COMPANIES: HAS THE RECENT HANEN BEN AYED-KOUBAA, (PARIS I SORBONNE UNIVERSITY - FRANCE) - CREDIT CRUNCH CHANGED THE GAME? SARAH SAINT-MICHEL HAWAS AMIRA, (UNIVERSITY OF BEDFORDSHIRE - U.K.) - CHIN-BUN TSE
DOES A BANK’S LIFE-CYCLE STAGE EXPLAIN THE CONFIGURATION OF ITS 10:40 - 11:10 BOARD COMPOSITION AND FORMS OF INNOVATION: DOES DIVERSITY CORPORATE GOVERNANCE? MAKE A DIFFERENCE? PATELLI LORENZO, (UNIVERSITY OF DENVER - U.S.A.) - ZENOU EMMANUEL, (ESC - DIJON BOURGOGNE BUSINESS SCHOOL - FRANCE) - ZENOU, GALIA
ND Coffee/Tea Break - EIASM 2 floor 11:10 – 11:30 Coffee/Tea Break - EIASM 2 ND floor
CORPORATE GOVERNANCE IN SAVINGS BANKS. THE INFLUENCE OF 11:30 – 12:00 STAKEHOLDER VALUE BASED GOVERNANCE MODEL|:THE CASE FOR POLITIC PRESENCE. CLOSELY-HELD COMPANIES IN RUSSIA GARCIA-MECA EMMA, (TECHNICAL UNIVERSITY OF CARTAGENA - SPAIN) - IVASHKOVSKAYA IRINA, (HIGHER SCHOOL OF ECONOMICS - RUSSIA) - IRINA JUAN P. SANCHEZ BALLESTA DOLMATOVA
THE IMPACT OF HORIZONTAL ACQUISITIONS ON ACQUIRING AND RIVAL TURNAROUND PROCESSES AND CORPORATE GOVERNANCE
FIRMS 12:00 – 12:30 STRUCTURE: AN EMPIRICAL EVIDENCE FROM ITALIAN LISTED MATAIGNE VIRGINIE, (GHENT UNIVERSITY - BELGIUM) - MATHIEU LUYPAERT COMPANIES. SOPHIE MANIGART LIPPOLIS STELLA, (BARI UNIVERSITY - ITALY) - FRANCESCO GRIMALDI
Lunch – Hotel Métropole - Jardin Indien 12:30- 14:00 AUDI 2 TRACK C : Keep it Strategic Chaired by Hugh Grove
CORPORATE GOVERNANCE AND STRATEGIC BANK PERFORMANCE: 14:00 – 14:30 INTERNATIONAL EVIDENCE STEPANOVA ANASTASIA, (NATIONAL RESEARCH UNIVERSITY "HIGHER SCHOOL OF ECONOMICS" - RUSSIA) - IRINA IVASHKOVSKAYA, OLGA IVANTSOVA
RISK MANAGEMENT AND INTERNAL CONTROL IN MULTINATIONALS 14:30 – 15:00 ZAMAN MAHBUB, (MANCHESTER BUSINESS SCHOOL - U.K.) - MARIKA ARENA
CORPORATE INSIDER TRADING POLICIES: DETERMINANTS AND EFFECT 15:00 – 15:30 ON INSIDER TRADING PROFITABILITY VAN GEYT DEBBY, (GHENT UNIVERSITY - BELGIUM) - PHILIPPE VAN CAUWENBERGE - HEIDI VANDER BAUWHEDE
ND Coffee/Tea Break - EIASM 2 floor 15:30 – 15:50
CORPORATE GOVERNANCE AND PRODUCT RELATED VOLUNTARY 15:50 – 16:20 DISCLOSURE. AN ANALYSIS OF BIOTECH FIRMS.
ENACHE LUMINITA, (UNIVERSITY OF PADOVA - ITALY) - ANTONIO PARBONETTI
International Corporate Governance Research Network Meeting – 16:30 – 18:00 AUDI 2
Workshop Dinner 19:00
Tuesday, May 15
AUDI 2 AUDI 1 Track D: Keep it Integrated Track E : Keep it Controlled Chaired by Martin Hilb Chaired by Tomas Casas
THE INSTITUTIONALISATION OF SHAREHOLDER-CONTROLLED 09:00 – 09:30 OWNERSHIP TYPOLOGY: FOUR BASIC HUMAN VALUES & WILL BASED NOMINATION COMMITTEES IN SWEDISH CORPORATE GOVERNANCE: A IDEAL TYPES CASE OF BOTH LEGITIMACY AND EFFICIENCY? WAHL MIKE FRANZ, (TALLINN UNIVERSITY OF TECHNOLOGY - ESTONIA) -
KALLIFATIDES MARKUS, (STOCKHOLM SCHOOL OF ECONOMICS - SWEDEN) - LARS GRONBERG
PRIDE AND PRESTIGE: WHY SOME FIRMS PAY THEIR CEOS LESS 09:30 – 10:00 THE GOVERNANCE AND REGULATION OF EQUITABLE ZHIVOTOVA EVGENIA, (UNIVERSITY OF MANNHEIM - GERMANY) - ERNST RUSSELL PETER, (EAST ANGLIA UNIVERSITY NORWICH - U.K.) - DAVID MAUG, ALEXANDRA NIESSEN-RUENZI COLLINS, IAN DEWING
Coffee Break – EIASM 2 ND floor 10:00 – 10: 15 Coffee Break - EIASM 2 ND floor
ACCOUNTABILITY TO THE AUDIT COMMITTEE: RUNNING RISKS AND SOME INITIAL FINDINGS ON THE DETERMINANTS OF EXECUTIVE 10:15 – 10:45 MANAGING IMPRESSIONS COMPENSATION CONSULTANTS’ ADVICE COMPERNOLLE TIPHAINE, (LAVAL UNIVERSITY - CANADA) - BENDER RUTH, (CRANFIELD UNIVERSITY / CRANFIELD SCHOOL OF MANAGEMENT - U.K.) -
REMUNERATION OF BANK MANAGERS 10:45 – 11:15 THE ROLE OF THE AUDIT COMMITTEE IN CORPORATE GOVERNANCE: MARCINKOWSKA MONIKA, (LODZ UNIVERSITY - POLAND) - EXPLORING THEIR INFLUENCE ON THE COLLABORATION BETWEEN INTERNAL AND EXTERNAL AUDITORS
DE SMET DIETER, (CENTRE DE RECHERCHE PUBLIC HENRI TUDOR - LUXEMBOURG) - GERRIT SARENS
AUDI 2 AUDI 1 TRACK F: Keep it Controlled TRACK G : Keep it Controlled Chaired by Laura Spira Chaired by Hugh Grove DO WHITE COLLAR EMPLOYEE INCENTIVES IMPROVE FIRM PERFORMANCE EXPLORING AUDIT COMMITTEE PRACTICES: OVERSIGHT OF FINANCIAL IKAHEIMO SEPPO, (AALTO UNIVERSITY - FINLAND) - JUHA-PEKKA KALLUNKI 11:15 – 11:45 REPORTING AND EXTERNAL AUDITOR IN AN EMERGING ECONOMY SINIKKA MOILANEN DOBIJA DOROTA, (KOZMINSKI UNIVERSITY - POLAND) -
THE EFFECT OF OWNERSHIP STRUCTURE ON BOARD COMPENSATION: A INFORMAL INTERACTION BETWEEN AUDIT COMMITTEES AND INTERNAL 11:45 – 12:15 STUDY OF COMPANIES LISTED ACROSS SUB-SAHARAN AFRICA AUDIT FUNCTIONS MUNISI GIBSON, (AGDER UNIVERSITY COLLEGE - NORWAY) ZAMAN MAHBUB, (MANCHESTER BUSINESS SCHOOL - U.K.) - GERRIT SARENS
Lunch - Hotel Métropole - Jardin Indien 12:15 – 13:45
THE EFFECT OF "PYRAMIDAL STRUCTURES" ON EARNINGS MANAGEMENT 13:45 – 14:15 AUDIT COMMITTEE INDEPENDENCE, MONITORING CENTRALITY AND IN ITALY ACCOUNTING QUALITY SAGGESE SARA, (NAPLES FEDERICO II UNIVERSITY - ITALY) - FREDRIKSSON ANTTI, (TURKU UNIVERSITY - FINLAND) - JARI KANKAANPÄÄ
DEBT MATURITY, CASH HOLDINGS, DIVIDEND POLICY AND EMPLOYEE 14:15 – 14:45 THE ROLE AND EFFECTIVENESS OF INTERNATIONAL ORGANISATIONS IN CHARACTERISTICS IMPOSING REQUIREMENTS ON AUDITORS AND AIDING HARMONISATION GILL BALBINDER SINGH, (GHENT UNIVERSITY - BELGIUM) - IN CORPORATE GOVERNANCE COMPLIANCE.
MEAD LARRY, (DERBY UNIVERSITY - U.K.) -
14:45 – 15:15 UNCOVERING CORPORATE GOVERNANCE PRACTICES IN AN EMERGING ECONOMY: STAKEHOLDERS’ VIEWS
MOUSSA TANTAWY, (WESTMINSTER UNIVERSITY - U.K.) -
Coffee/Tea Break - EIASM 2 ND floor 15:15 – 15:30
Plenary Session 15:30 – 16:30 Conclusions and lessons learned
LIST OF PARTICIPANTS
30201 CARTAGENA BENDER, RUTH DOBIJA, DOROTA SPAIN CRANFIELD SCHOOL OF MANAGEMENT KOZMINSKI UNIVERSITY Tel: 34 968367923 Email: [email protected] CRANFIELD DEPARTMENT OF ACCOUNTING BEDFORDSHIRE MK43 0AL JAGIELLONSKA 57/59 U.K. 03-301 WARSAW GEORGIOU, IFIGENIA FINANCE AND ACCOUNTING GROUP Email: [email protected] POLAND ASTON BUSINESS SCHOOL Tel: 48 22549 22 56 Fax: 48 22519 22 47 Email: [email protected] ASTON UNIVERSITY CASAS KLETT, TOMAS
2701 LIU LIN DAXIA, DOLMATOVA, IRINA BIRMINGHAM HUAI HAI LU NR 1 HIGHER SCHOOL OF ECONOMICS WEST MIDLANDS B4 7ET 200021 SHANGHAI POKROVSKY BOULEVARD,11 U.K. CHINA 109028 MOSCOW Email: [email protected] Email: [email protected] RUSSIA Email: [email protected] GILL, BALBINDER SINGH COMPERNOLLE, TIPHAINE TWEEKERKENSTRAAT 2 ECOLE DE COMPTABILITÉ ENACHE, LUMINITA 9000 GENT FACULTÉ DES SCIENCES DE L'ADMINISTRATION MARCO FANNO BELGIUM PAVILLON PALASIS PRINCE, LOCAL 3612 DEPARTMENT OF ECONOMICS AND MANAGEMENT Email: [email protected] 2325 RUE DE LA TERRASSE PADOVA UNIVERSITY G1V 0A6 QUÉBEC VIA 8 FEBBRAIO, 2 GRIMALDI, FRANCESCO QUÉBEC 35122 PADOVA VIA GIUSEPPE PALMIERI, 1 CANADA ITALY 70125 BARI Tel: 0033 0675931819 Email: [email protected] Email: [email protected] BA ITALY DE SMET, DIETER FIJALKOWSKA, DOMINIKA Email: [email protected] CRP HENRI TUDOR WROCLAW UNIVERSITY OF ECONOMICS AV. JOHN F. KENNEDY 29 UL KOMANDORSKA 118/120 L-1855 LUXEMBOURG 53-345 WROCLAW GROVE, HUGH UNIVERSITY OF DENVER LUXEMBOURG POLAND SCHOOL OF ACCOUNTANCY Tel: 352 42 59 91 2848 Fax: 352 42 59 91 777 Email: Email: [email protected] [email protected] 2101 S. UNIVERSITY BLVD. DENVER FREDRIKSSON, ANTTI COLORADO 80208 DEWING, IAN TURUN KAUPPAKORKEAKOULU U.S.A. UNIVERSITY OF EAST ANGLIA - NORWICH BUSINESS SCHOOL LASKENTATOIMEN LAITOS Tel: 1 303 8712026 Fax: 1 303 8712016 Email: [email protected] NORWICH REHTORINPELLONKATU 3 NR47TJ 20500 TURKU U.K. FINLAND HANEN, BEN AYED-KOUBAA 13 RUE LECONTE DE LISLE Email: [email protected] Email: [email protected] 75016 PARIS FRANCE GARCIA-MECA, EMMA Email: [email protected] TECHNICAL UNIVERSITY OF CARTAGENA ACCOUNTING AND FINANCE DEPARTMENT
CALLE REAL 3
LIPPOLIS, STELLA PATELLI, LORENZO VIA DELLA COSTITUENTE, 19/E SCHOOL OF ACCOUNTANCY HAWAS, AMIRA 70125 BARI UNIVERSITY OF DENVER 7 ESSEX HALL ROAD ITALY DENVER COLCHESTER Tel: 39 349 2801889 Email: [email protected] COLORADO 80208 CO1 1ZP U.S.A. U.K. MARCINKOWSKA, MONIKA Email: [email protected] Email: [email protected] UNIVERSITY OF LODZ FINANCE, BANKING AND INSURANCE INSTITUTE PAUKA, MAREK HILB, MARTIN UL.REWOLUCJI 1905 NR 39 DEPARTMENT OF FINANCE IFPM CENTER FOR CORPORATE GOVERNANCE UNIVERSITY OF ST 93 214 LODZ FACULTY OF ECONOMIC SCIENCES GALLEN POLAND WROCLAW UNIVERSITY OF ECONOMICS DUFOURSTRASSE 48 Tel: 48 42 6355189 Email: [email protected] UL KOMANDORSKA 118-120 9000 ST GALLEN 53-345 WROCLAW SWITZERLAND MATAIGNE, VIRGINIE POLAND Tel: 41 712242370/718662810 Fax: 41 718662811 Email: UNIVERSITEIT GENT BEDRIJFSFINANCIERING Email: [email protected] [email protected] KUIPERSKAAI 55/E 9000 GENT RODRIGUES, RICARDO IKAHEIMO, SEPPO BELGIUM CEGE/ISEG AALTO UNIVERSITY SCHOOL OF ECONOMICS Tel: 32 09 2643568 Email: [email protected] RUA MIGUEL LÚPI, DEPARTMENT OF ACCOUNTING, P.O. BOX 21210 Nº 20 - 206 FI-00076 AALTO MEAD, LARRY 1249-970 LISBOA LISBOA FINLAND SCHOOL OF LAW AND CRIMINOLOGY, PORTUGAL Tel: +358 50 505 4990 Email: [email protected] FACULTY OF BUSINESS, COMPUTING AND LAW, UNIVERSITY OF Email: [email protected] DERBY, IVASHKOVSKAYA, IRINA KEDLESTON ROAD RUSSELL, PETER HIGHER SCHOOL OF ECONOMICS,CORPORATE FINANCE, UNIVERSITY OF EAST ANGLIA POKROVSKI BOUL.11/J,OFFICE 525 DERBYSHIRE .DE221GB NORWICH BUSINESS SCHOOL 109028 MOSCOW U.K. NORWICH RUSSIA Tel: 01332 591846 Email: [email protected] NORFOLK NR4 7TJ Tel: +7 9037294508 Email: [email protected] U.K. MOUSSA, TANTAWY Email: [email protected] JESUS FELICIO, JOSE AUGUSTO 7 ESSEX HALL ROAD ISEG - SCHOOL OF ECONOMICS AND MANAGEMENT COLCHESTER SAGGESE, SARA RUA MIGUEL LUPI, 20 - GAB 206 ESSEX CO1 1ZP VIA ACHILLE DEL GIUDICE, 14 1200-725 LISBON U.K. 80026 CASORIA PORTUGAL Tel: 0044 01206562407 Email: [email protected] NAPLES Email: [email protected] ITALY MUNISI, GIBSON Email: [email protected] KALLIFATIDES, MARKUS FACULTY OF ECONOMICS AND SOCIAL SCIENCES SSE INSTITUTE FOR RESEARCH UNIVERSITY OF AGDER SPIRA, LAURA DEPT. OF MANAGEMENT AND ORGANIZATION, PO BOX 6501 POSTBOX 422 OXFORD BROOKES UNIVERSITY BUSINESS SCHOOL, STOCKHOLM SCHOOL OF ECONOMICS 4604 KRISTIANSAND WHEATLEY 113 83 STOCKHOLM NORWAY OXFORD OX33 1HX SWEDEN Tel: 47 40304276 Email: [email protected] U.K. Tel: +46 8 736 94 92 Email: [email protected] Tel: 44 1865 485981 Fax: 44 1865 485830 Email: [email protected] MUSZYNSKI, MICHAL KORMANN, HERMUT DEPARTMENT OF FINANCE AM SUDHAUS 11 WROCLAW UNIVERSITY OF ECONOMICS 89077 ULM UL KOMANDORSKA 118-120 GERMANY 53-345 WROCLAW Tel: 07321271772 Fax: 07321271774 Email: hermut.kormann@buero- POLAND kormann.de Email: [email protected]
STEPANOVA, ANASTASIA NATIONAL RESEARCH UNIVERSITY HIGHER SCHOOL OF ECONOMICS, CORPORATE FINANCE CENTER POKROVSKY BULVAR, 11, J524 109028 MOSCOW RUSSIA Tel: 7 9164463210 Email: [email protected]
VAN GEYT, DEBBY GHENT UNIVERSITY - DEP. ACCOUNTANCY AND CORPORATE FINANCE KUIPERSKAAI 55E 9000 GHENT BELGIUM Tel: 0032 (0) 9 264 35 42 Email: [email protected]
WAHL, MIKE FRANZ TALLINN UNIVERSITY OF TECHNOLOGY, SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, CHAIR OF ORGANISATION AND MANAGEMENT, AKADEEMIA TEE 3 19086 TALLINN HARJUMAA ESTONIA Tel: +372 56656866 Email: [email protected]
ZAMAN, MAHBUB MANCHESTER BUSINESS SHCOOL ACCOUNTING & FINANCE DIVISION CRAWFORD HOUSE BOOTH STREET EAST MANCHESTER M13 9PL U.K. Tel: 44 161 275 0440 Fax: 44 161 275 4023 Email: [email protected]
ZENOU, EMMANUEL GROUPE ESC DIJON BOURGOGNE 29 RUE SAMBIN - BP 50608 21006 DIJON CEDEX FRANCE Tel: 33 672322464 Email: [email protected]
ZHIVOTOVA, EVGENIA L9, 1-2, 68131 MANNHEIM GERMANY Tel: +7903 2724552 Email: [email protected]