2Nd International Conference on Accounting and Finance

3rd International Conference on Accounting and Finance 25th – 28th August 2010

Programme

Wednesday 25th August 2010

18:30 – 19:30 Registrations 19:30 Early-Bird Reception

Thursday 26th August 2010

8:30 – 9:00 Registrations 9:00 – 09:30 SALUTATIONS (Room “Kechria”)  Prof. Ioannis Lazaridis, Chairman of the Organizing Committee, Chairman of the Department of Accounting and Finance, Director of the Postgraduate Program of the Department of Accounting and Finance, University of Macedonia, GREECE  Nikolaos Plomaritis, Mayor of Skiathos island, GREECE  Prof. Demetres Subeniotis, Vice Rector of University of Macedonia, GREECE  Prof. Achilleas Zapranis, Newly-elected Vice Rector of University of Macedonia, GREECE

9:30 – 10:00 Keynote Lecture Prof. Themis Pantos, The Bridge Bank Chair of Banking and Financial Services, San Jose State University, USA “The Hellenic Modernization Act: Risk and Wealth Effect Implications on the Greek Three Pillar Financial System”

10:00 – 10:15 COFFEE BREAK 10:15 – 11:45 PARALLEL SESSION 1* “Corporate Finance” CHAIR: Ioannis Papanastasiou, Ph.D., University of Macedonia, GREECE Manfred Fruehwirth, Institute of Do Equity Tax Shields Reduce Finance, AUSTRIA Leverage? The Austrian Case Marek Kobialka, Institute of Finance, AUSTRIA Athanasios Noulas, University of The Determination of Corporate Macedonia, GREECE Capital Structure throught the Glance Georgios Genimakis, University of of Managers: A Survey on Greek Macedonia, GREECE Listed Companies Oded Palmon, Rutgers University, NJ Stakeholders Welfare and Executive Itzhak Venezia, Hebrew University, Compensation Under Managerial ISRAEL Overconfidence

* Parallel Session 1: Room “Kechria”

1 Itzhak Venezia, Hebrew University, Firm Specific and Macro Herding by ISRAEL Professional and Amateur Investors Amrut Nashikkar, Stern School of and their Effects on Market Volatility Business, USA Zur Shapira, Stern School of Business, USA 10:15 – 11:45 PARALLEL SESSION 2** “Financial Αccounting” (Room “Lalaria”) CHAIR: Christos Negakis, Ph.D., University of Macedonia, GREECE Maria Krambia-Kapardis, Cyprus Age Diversity in Accounting Practices University of Technology, CYPRUS Anastasios Zopiatis, Cyprus University of Technology, CYPRUS Nicolas Nicolaides, Cyprus University of Technology, CYPRUS Ing. Lenka Krupova, University of Accounting policies of companies Economics in Prague, CZECH reporting according to IFRS REPUBLIC Ing. Jaroslava Roubickova, University of Economics in Prague, CZECH REPUBLIC Christos Grambovas, University of Book-Tax Conformity in Europe Macedonia, GREECE 10:15 – 11:45 PARALLEL SESSION 3*** “Topics in Accounting” CHAIR: Theofanis Karagiorgos, Ph.D., University of Macedonia, GREECE Theofanis Karagiorgos, University of E-commerce taxation Macedonia, GREECE Grigorios Lazos, University of Macedonia, GREECE Rim Khemiri, Center of Research in Continuing training in accounting Management (CRM), FRANCE profession: a comparative study Dimitrios Ginoglou, University of The Contribution of Audit Services in Macedonia, GREECE Tax Evasion Reduction in Greece Nikolaos Bakas, University of Macedonia, GREECE Ioannis Podiotis, University of Macedonia, GREECE Athanasios Vazakidis, University of Implementing Time-Driven Activity- Macedonia, GREECE Based Costing in Greek Ioannis Karagiannis, University of Manufacturing Companies Macedonia, GREECE 10:00 – 11:30 POSTER SESSION 1 “Financial Management” CHAIR: Ioannis Lazaridis, Ph.D., University of Macedonia, GREECE Tomas Krabec, Skoda Auto A.S. Fair Value Measurement of Private University, CZECH REPUBLIC Business Enterprises Romana Nyvltova, Skoda Auto A.S. University, CZECH REPUBLIC

** Parallel Session 2: Room “Lalaria” *** Parallel Session 3: Opposite Hotel Reception

2 Efstratios Livanis, University of The Financial and Operating Macedonia, GREECE Performance of Greek’s Athens Stock Ioannis Lazaridis, University of Exchange Newly Listed Firms Macedonia, GREECE Fotini Vogiatzi, International Hellenic University, GREECE Dimitrios Tryfonidis, University of The supply side of factoring via bank Macedonia, GREECE branch networks in Northern Greece Chris Theodorakoudis, University of Financial Analysis of Football S.A. in Macedonia, GREECE the Period of Crisis Eirini Lazaridou, University of Macedonia, GREECE Ioannis Mihopoulos, University of Examination of Market Efficiency in Macedonia, GREECE Different Stock Markets Dimitrios Tinos, University of Macedonia, GREECE 11:45 – 13:15 PARALLEL SESSION 1 “Financial Forecasting” CHAIR: Costas Siriopoulos, University of Patras, GREECE Siriopoulos Costas, University of Dynamic relations of uncertainty Patras, GREECE expectations: a conditional Fassas Athanasios, University of assessment of implied volatility Macedonia, GREECE Malgorzata Doman, Poznan Copula Based Impulse Response University of Economics, POLAND Analysis of Linkages Between Stock Ryszard Doman, Adam Mickiewicz Markets University in Poznan , POLAND Panayiotis Diamandis, Athens Asset Allocation in the Athens Stock University of Economics and Exchange: A Variance Sensitivity Business, GREECE Analysis Anastasios Drakos, Athens University of Economics and Business, GREECE Georgios Kouretas, Athens University of Economics and Business, GREECE & Cambridge Judge Business School, UNITED KINGDOM Leonidas Zarangas, Technological Educational Institute of Epirus, GREECE Ioannis Papanastasiou, University of Convergence of health expenditures: Macedonia, GREECE an application of modified LLC test to OECD countries” 11:45 – 13:15 PARALLEL SESSION 2 “Accounting and Auditing” CHAIR: Dimitrios Ginoglou, Ph.D., University of Macedonia, GREECE Maria Krambia-Kapardis, Cyprus Lie Detection Methods for Auditors: University of Technology, CYPRUS Lessons From Legal Psychology Andreas Kapardis, Cyprus University of Technology, CYPRUS Georgia Boskou, Technological Internal Audit Framework: Recent Educational Institute of Thessaloniki, Literature Review

3 GREECE Ana Zorio, Universitat de Valencia, IFAC’s Clarity Project and Readibility SPAIN Maria A. Garcia-Benau, Universitat de Valencia, SPAIN Josefina Novejarque, Universitat de Valencia, SPAIN 11:45 – 13:15 PARALLEL SESSION 3 “Banking and Finance” CHAIR: Georgios Genimakis, Ph.D., University of Macedonia, GREECE Karagiannidou Archontia, University Crisis and the behavior of the stock of Macedonia, GREECE markets: An international evidence Kesouli Stavroula, University of Macedonia, GREECE Palla Afentoula, University of Macedonia, GREECE Vekiaroglou Vasileios, University of Macedonia, GREECE Demetres Subenioris, University of Foreign Direct Investment in South- Macedonia, GREECE Eastern Europe: The Presence of Ioannis Tampakoudis, University of Greek Banks in FYROM Macedonia, GREECE Christos Nicolaidis, University of Greek Banks Managers’ Job Macedonia, GREECE Satisfaction in a Changing Business Kleanthis Katsaros, University of Environment: The Effect of Their Macedonia, GREECE Emotions Towards Change Iveta Repkova, Silesian University, Impact of Structural Characteristics of CZECH REPUBLIC Banking Sector on Total Loans Volume 13:15 – 14:00 PARALLEL SESSION 1 “Financial Markets” CHAIR: Constantin Zopounidis, Ph.D, Technical University of Crete, GREECE Malgorzata Doman, Poznan From Emerging to Developed Stock University of Economics, POLAND Market: The Case of the Warsaw Ryszard Doman, Adam Mickiewicz Stock Exchange University in Poznan , POLAND Lucia Risti, “Aurel Vlaicu University”, Considerations Regarding The ROMANIA Improvement of Accounting – Lavinia Denisia Cuc, “Aurel Vlaicu Information Interface Concerning Tax University”, ROMANIA Liability/Fiscal Debt Dumitru Graziella Corina, “Aurel Vlaicu University”, ROMANIA Mioara Florina Pantea, “Aurel Vlaicu University”, ROMANIA Fuad, Universitas Deponegoro, The Impact of Situational Factor and INDONESIA Control System on Business Units’ Yuserrie Zainuddin, Universiti Sains, Slack: A Study on Indonesian MALAYSIA Manufacturing Subsidiaries Siti Nabiha Abdul Khalid, Universiti Sains, MALAYSIA 13:15 – 14:00 PARALLEL SESSION 2 “Macroeconomic Aspects of

4 International Trade and Finance” CHAIR: Ioannis Papanastasiou, Ph.D., University of Macedonia, GREECE Yan Jiajia, Fuzhou University, P.R. Economic Foundation of Currency CHINA Cooperation Between Mainland and Taiwan – Evidence from Asymmetric Shock Kyriacos Aristotelous, Otterbein What is the Impact of Currency College, USA Unions of FDI Flows? Evidence from Stylianos Fountas, University of Eurozone Countries Macedonia, GREECE Gregory Popov, Moscow State Theoretical Aspects of Inflation in Regional University, RUSSIA Russia 13:15 – 14:00 PARALLEL SESSION 3 “Special Topics in Finance CHAIR: Efstratios Livanis, Ph.D., University of Macedonia, GREECE Jussi Nikkinen, University of Vaasa, Stock Market Integration: Evidence FINLAND from The European Frontier Vanja Piljak, University of Vaasa, Emerging Markets FINLAND Timo Rothovius, University of Vaasa, FINLAND Karolos-Konstantinos Korkas, London Asset Pricing With Dynamic CAPM: School of Economics, UNITED An Application to 49 US Industry KINGDOM Portfolios Vassiliki Malindretou, Panteion The Impact of Credit Rating in Univerisity, GREECE Emerging Stock Markets Maria-Eleni K. Agoraki, Panteion Univerisity, GREECE 14:00 – 15:15 LUNCH AT THE HOTEL 15:15 – 16:45 PARALLEL SESSION 1 “Special Topics in Finance” CHAIR: Simeon Papadopoulos, Ph.D., University of Macedonia, GREECE Fotini Economou, University of An Examination of Herd Behaviour in Piraeus, GREECE the Athens Stock Exchange Nicolaos Philippas, University of Piraeus, GREECE Vida Mojtahedzadeh, Al-Zahra The Influence of Cash Flow University, IRAN Management on Cost of Debt: Listed Seyed Hossein Alavi Tabari, Al-Zahra Companies on Tehran Stock University, IRAN Exchange (TSE) Seyed Ahmad Khalife Soltani, Al- Zahra University, IRAN Sara Mollashahi, Al-Zahra University, IRAN Zahra Lashgari, Islamic Azad The Effect of Firm’s Total Risk on University, IRAN Earnings Response Coefficient in Omid Amri, Islamic Azad University, Quoted Firms in Tehran Stock IRAN Exchange Bernadene de Clercq, University of Analysing The Consumer Market South Africa, UNISA Microstructure in South Africa by Means of a Consumer Financial Vulnerability Survey: Uncovering the

5 Predictors of Financial Vulnerability 15:15 – 16:45 PARALLEL SESSION 2 “International Finance” CHAIR: Maria Kapardis-Krambia, Ph.D, University of Technology, CYPRUS Athanasios Vazakidis, University of Credit Market Development and Macedonia, GREECE Economic Growth. An Empirical Antonios Adamopoulos, University of Analysis for United Kingdom Macedonia, GREECE Silvia Trifonova, University of National Monetary Policy Rules and Their and World Economy, BULGARIA Experience During a Crisis: Empirical Evidence from Bulgaria Fabio Pizzutilo, University of Bari, Is Eurozone Diversification Still ITALY Valuable? Zapodeanu Daniela, University of Current Account Deficit: Causes and Oradea, ROMANIA Effects. The Relationship Between Cociuba Mihail-Ioan, University of Credit Volume and Level of Imports Oradea, ROMANIA 15:15 – 16:45 PARALLEL SESSION 3 “Special Topics in Accounting and Finance” CHAIR: Christos Grambovas, Ph.D., University of Macedonia, GREECE Loula-Eleni Triantafyllou, University of Environmental costs and their Use in Macedonia, GREECE Investment Valuation Methods Savvas Savvidis, University of Evaluation of the Impact of Business Macedonia, GREECE in the Environment Using Green Dimitrios Ginoglou, University of Accounting Indexes and Modern Macedonia, GREECE Statistical Methods Manuela Costa, Polytechnic Institute The Impact of the Economic-Financial of Cavado and Ave, PORTUGAL Validation of the Local Governments Sara Serra, Polytechnic Institute of Rates on Their Revenues Cavado and Ave, PORTUGAL Iordanis Kalaitzoglou, Heriot-Watt Autoregressive Conditional Weighted University, GREECE Duration: Modelling Trading Intensity Ibrahim Boulis Maher, Heriot-Watt in the Carbon Dioxide Emission University, GREECE Allowances Market 16:30 – 18:00 POSTER SESSION 2 “Financial Accounting” CHAIR: Ioannis Lazaridis, Ph.D., University of Macedonia, GREECE Thornsten Knauer, Westfelische How the new German interest barrier Wilhelms-Universitaet Muenster, rule affects the tax shield – empirical GERMANY evidence from German leveraged Friedrich Sommer, Westfelische buyouts Wilhelms-Universitaet Muenster, GERMANY Florin Tudor, Dunarea de Jos Short Reflections about the fight University Galati, ROMANIA against the tax evasion using measures of economic recovery Eva Karatsi, University of Macedonia, Distribution of Net Earnings in a GREECE Corporation and the Differences Between A Corporation and A Partnership Eva Karatsi, University of Macedonia, How A Government Allowance is

6 GREECE Confronted by the I.F.R.S. Medved Ivana, University of Novi Financial Performance Measures in Sad, REPUBLIC OF SERBIA Purpose of the Divisional Milutinovic mr sci. Suncica, University Performance Measurement and of Novi Sad, REPUBLIC OF SERBIA Control 16:45 – 17:00 COFFEE BREAK 17:00 – 19:00 PARALLEL SESSION 1 “Banking and Finance” CHAIR: Georgios Kouretas, Ph.D., Athens University of Economics and Business, GREECE Stamatios Vasiliadis, GREECE The trends of the interest rates Aikaterini Moschous, GREECE Babalola Adeyemi, Ajayi Crowther Corporate Governance: Has the University, NIGERIA Nigerian Banking Sector Learnt any Lesson? Lucia Risti, “Aurel Vlaicu University”, Considerations on the Public ROMANIA Budgetary Deficit in the Context Lavinia Denisia Cuc, “Aurel Vlaicu Global Economic Crisis University”, ROMANIA Mioara Florina Pantea, “Aurel Vlaicu University”, ROMANIA Aurelia Man, “Aurel Vlaicu University”, ROMANIA 17:00 – 19:00 PARALLEL SESSION 2 “Strategies and Management” CHAIR: Athanasios Tsirikas, Ph.D., University of Macedonia, GREECE Jose Vargas-Hernandez, Centro Strategies and Performance of New Universitario de Ciencia Economico Mexican Emerging Multinational Admistrativas U de G., MEXICO Enterprises Raphael Ngcobo, University of South Management of Business Growth: A Africa, REPUBLIC OF SOUTH Case Study Analysis of Successful AFRICA and Failed Empowerment Companies in South Africa Batca Viorel, Ministry of Defence Romania in front of a New European Bucharest, ROMANIA Challenge: The Financing of Health Dumitru Graziella Corina, The Systems Academy of Economic Studies Bucharest, ROMANIA Ioanas Corina, The Academy of Economic Studies Bucharest, ROMANIA Irimescu Alina Mihaela, The Academy of Economic Studies Bucharest, ROMANIA Batca Viorel, Ministry of Defence Managerial Strategies Concerning the Bucharest, ROMANIA Wage Politics in the Medical-Sanitary Dumitru Graziella Corina, The Institutions Academy of Economic Studies Bucharest, ROMANIA Ioanas Corina, The Academy of Economic Studies Bucharest, ROMANIA

7 Irimescu Alina Mihaela, The Academy of Economic Studies Bucharest, ROMANIA 17:00 – 19:00 PARALLEL SESSION 3 “Business Economics” CHAIR: Pavlos Malindretos, Ph.D., GREECE Xie Qiang, Nankai University, CHINA Asset Liability Management of Life Li Xiu-fang, Nankai University, CHINA Insurance Based on Multi-objective Programming Eva Karatsi, University of Macedonia, Financial Ratios: How They GREECE Influence, The Liquidity and Efficiency of a Company? The Case: Blue Star Ferries and Its Opponents Margarita Vogiatzi, University of M.Porter’s Generic Strategies on the Macedonia, GREECE Internet

Friday 27th August 2010

9:00 – 10:30 PARALLEL SESSION 1 “Financial Management” CHAIR: Constantin Zopounidis, Technical University of Crete, GREECE Alfredo Del Monte, University of Underpricing and Distance: An Naples “Federico II”, ITALIA Empirical Analysis Antonio Acconcia, University of Naples “Federico II”, ITALIA Luca Pennacchio, University of Naples “Federico II”, ITALIA Aruna Saini, NRDD College of Measuring Financial Health of Madras Management, INDIA Fertilizers Limited Using Altman’s “Z” Ram Dhan Saini, Seth Motilal Score Model: A Case Study College, INDIA Gehan Mousa,University of Bahrain, An Empirical Analysis of the Effects of BAHRAIN Managerial Ownership and Board Characteristics on Corporate Performance: Evidence from Egypt 9:00 – 10:30 PARALLEL SESSION 2 “Topics in Accounting and Finance” CHAIR: Michail Bekiaris, University of Aegean, GREECE Iordanis Floropoulos, Aristotle IFRS: Findings from a survey of University of Thessaloniki, GREECE Accountants’ Perceptions Using Odysseas Moschidis, University of Multidimensional Data Analysis Macedonia, GREECE Maria Gkanapi, University of Aegean, Compliance with Sarbanes Oxley Act: GREECE The Case of Greek Shipping Stergios Tasios, University of Companies Listed in NYSE Aegean, GREECE Michail Bekiaris, University of Aegean, GREECE Ardi Hamzah, Trunojoyo University, Analysis of Composite Stock Price MADURA Index Relations of Jakarta, Singapore, China and the United States

8 10:30 – 12:00 POSTER SESSION 1 “Financial Management” CHAIR: Ioannis Lazaridis, Ph.D., University of Macedonia, GREECE Achilleas Zapranis, University of Dividend Yield and Stock Return: Macedonia, GREECE Evidence from Athens Stock Nicolas Veranis, University of Exchange Macedonia, GREECE Efstratios Livanis, University of Macedonia, GREECE Apostolos Axenopoulos, Centre for Modeling Business Using BPEL – a Research and Technology Hellas, Web Travel Booking Services GREECE Scenario Charalampos Doulaverakis, Centre for Research and Technology Hellas, GREECE Nicolaos Protogeros, University of Macedonia, GREECE Kavvadia Domniki, TEI Thessaloniki, Tourism and hospitality management: GREECE The case of Greece in financial crisis Eirini Lazaridou, University of Macedonia, GREECE Panagiota Leontaraki, University of Stock Options Macedonia, GREECE Eleni Tsoureli, University of Macedonia, GREECE Eleni Katsika, University of Signaling Theory in the Athens Stock Macedonia, GREECE Exchange Veniotis Vasileios, University of Testing the CAPM: The case of the Macedonia, GREECE banking sector in the Athens Stock Georgiadis Georgios, University of Exchange Macedonia, GREECE Grammatikopoulos Alexandros, University of Macedonia, GREECE Theodoridou Evaggelia, University of Macedonia, GREECE Kyropoulou Markella, University of Macedonia, GREECE Katerina Lazaridou, University of Effects of the economic crisis in the Macedonia, GREECE automotive industry – Could they have been predicted? 10:30 – 10:45 COFFEE BREAK 10:45 – 12:15 PARALLEL SESSION 1 “Financial Institutions and Services” CHAIR: Simeon Papadopoulos, Ph.D., University of Macedonia, GREECE Liliya Rangelova, University of Performance Reporting for Increased National and World Economy, Efficiency of Decision Making in BULGARIA Commercial Banks: The Case of Bulgaria Constantin Zopounidis, Technical A Multicriteria Decision Support University of Crete, GREECE System For Bank Rating Michael Doumpos, Technical University of Crete, GREECE

9 Simeon Papadopoulos, University of New Evidence on Efficiency and Macedonia, GREECE Productivity Change in European Banking Gumma Fakhri, Liverpool John The Impact of Contingent Factors on Moores University, UNITED the Use of Performance KINGDOM Measurement System in the Banking Roger Pegum, Liverpool John Moores Industry: The Case of Libya University, UNITED KINGDOM Karim Menacere, Liverpool John Moores University, UNITED KINGDOM 10:45 – 12:15 PARALLEL SESSION 2 “Financial Accounting” CHAIR: Panagiotis Tahinakis, Ph.D., University of Macedonia, GREECE Dimitrios Kousenidis, Aristotle The Relation Between Fixed Assets’ University of Thessaloniki, GREECE Impairments and Conditional Anestis Ladas, University of Conservatism Macedonia, GREECE Christos Negakis, University of Macedonia, GREECE Baleche Asha Katamba, Islamic Accounting and Social University in Uganda, UGANDA Responsibilities: A Case Study of a Ugandan Woman and A Family Roles Maria Tsipouridou, Aristotle University Discretionary Accruals and Auditor of Thessaloniki, GREECE Reporting in Greece Charalambos Spathis, Aristotle University of Thessaloniki, GREECE Jordan Floropoulos, Aristotle University of Thessaloniki, GREECE 12:15 – 13:25 PARALLEL SESSION 1 “Special Topics in Finance” CHAIR: Dimitrios Kousenidis, Ph.D., Aristotle University of Thessaloniki, GREECE Bo Bae Choi, The University of An Analysis and Explanation of Newcastle, AUSTRALIA Australian Company Carbon Doowon Lee, The University of Emission Disclosures Newcastle, AUSTRALIA Jim Psaros, The University of Newcastle, AUSTRALIA Alfred Bimha, University of South Carbon disclosure in South Africa: Africa, UNISA Corporate Green Wash of Genuine Godwell Nhamo, University of South Transition to Low Carbon Economy? Africa, UNISA Lucas Chylik, Silesian University in IPO Influence on the Development of Opava, CZECH REPUBLIC Stock Markets in the Countries of the Visegrad Four Panayiotis Artikis, University of Evidence on the Relationship Piraeus, GREECE Between GDP Growth and Factors George Artikis, University of Piraeus, Affecting Stock Returns GREECE 12:15 – 13:25 PARALLEL SESSION 2 “Topics in Business Economics” CHAIR: Nikolaos Georgopoulos, Ph.D. University of Piraeus, GREECE

10 Petros Bouchoris, University of Measurement of the Financial Impact Piraeus, GREECE of Corporate Social Responsibility Chrysa Agapitou, University of Programs: The Case of Greek Firms Piraeus, GREECE Nikolaos Georgopoulos, University of Piraeus, GREECE Dimitrios Georgakellos, University of Considering the External Cost in Piraeus, GREECE Environmental Policy Appraisal: A Case Study from the Transport Sector Chunhui Liu, University of Winnipeg, The Impact of Telecommunication CANADA Spending on Productivity Junaid M. Shaikh, Curtin University of Technology, MALAYSIA Yangjun Chen, University of Winnipeg, CANADA Wei Shi, University of Winnipeg, CANADA 13:30 – 14:15 LUNCH AT THE RESTAURANT INSIDE HOTEL

14:15 – 15:00 Panel Session “The Financial Crisis of Eurozone: consequences and perspectives”

15:00 – 15:15 COFFEE BREAK 15:15 – 16:45 PARALLEL SESSION 1 “International Finance” CHAIR: Nikolaos Protogeros, Ph.D., University of Macedonia, GREECE Creta Pociute, Vilnius University, Risk Management of Public Debt in LITHUANIA New European Union Countries Huo Tian-Xiang, Xi’an Jiaotong Empirical Study Shibor and Central University, CHINA Bank’s Monetary Policy Transmission Feng Zong-Xian, Xi’an Jiaotong University, CHINA Tom Smith, Australian National University, AUSTRALIA Theofanis Karagiorgos, University of Corporate Social Responsibility and Macedonia, GREECE Firms Performance. An Empirical Ioannis Diavastis, University of Analysis of Greek Companies Macedonia, GREECE 15:15 – 16:45 PARALLEL SESSION 2 “Topics in Accounting” CHAIR: Ioannis Podiotis, Ph.D., University of Macedonia, GREECE Nwaubani Joel, University of Financial Accounting Instruments and Macedonia, GREECE Post-Crisis Changes: The U.S. Approach Athanasios Bellas, University of Deviations of Budgetary Data and Patras, GREECE Outcomes of the First Degree Local Georgia Kontogeorga, University of Authorities: The Case of The Local Patras, GREECE Authorities in the Prefecture of Achaia George Thanasas, University of for the period 2005 to 2007 Patras, GREECE

11 Konstantinos Papadatos, University of Patras, GREECE Dimitrios Goulas, University of Patras, GREECE Athanasios Vazakidis, University of Impairment Accounting Practices In Macedonia, GREECE The European Context (National Ekaterini C. Laskaridou, University of Differences): A Case Study of Greek Macedonia, GREECE Stock Exchange Companies 16:45 – 18:45 PARALLEL SESSION 1 “Special Topics in Finance and Accounting” CHAIR: Anestis Ladas, Ph.D., University of Macedonia, GREECE Anthis Zogopoulos, University of Optimizing Sequential Order Choice Piraeus, GREECE Decision Rules in Multiperiod Executions Achilleas Zapranis, University of A Behavioral View of the Head-and- Macedonia, GREECE Shoulders Technical Analysis Pattern Prodromos Tsinaslanidis, University of Macedonia, GREECE Mihalis Samarinas, University of Does Greece Value Innovation? R&D Macedonia, GREECE Expenses and the Case of ASE Panayiotis Tahinakis, University of Macedonia, GREECE Boura Giota, University of Patras, The Effect of Taxation on Intra- EU GREECE FDI Inflows: An Empirical Georgopoulos Antonios, University of Investigation Patras, GREECE Antonios Vavdinos, University of Financial Analysis of Banking Sector Macedonia, GREECE in Period of Financial Crisis: The Efthymios Gotsis, University of Case of Athens Stock Exchange Macedonia, GREECE Emmanouil Konstantaras, University of Macedonia, GREECE Eirini Lazaridou, University of Macedonia, GREECE 16:45 – 18:45 PARALLEL SESSION 2 “Business Economics” CHAIR: George Michalopoulos, Ph.D., University of Macedonia, GREECE Athanasios Tsirikas, University of Linking Universities with Industry. A Macedonia, GREECE Functional Approach on Creating An Christos Nicolaidis, University of Effective Knowledge Management Macedonia, GREECE Framework George Michalopoulos, University of The Impact of the process of Macedonia, GREECE monetary unification in the EU to the Nikolaos Vogiatzis, University of financing function of the Small and Macedonia, GREECE Medium Sized Enterprises: the case of Greece George Arvanitis, University of Measuring the Efficiency of Greek Athens, GREECE Municipalities Chrysovalantis Gaganis, University of Crete, GREECE Ioannis Chatzivasileiou, University of Costing Methods and Pricing

12 Macedonia, GREECE Strategies in Crisis Period 20:30 GALA DINNER (BBQ Night in the Hotel)

Saturday 28th August 2010

All day excursion