Symposium Programme
Table of Contents
1. Programme Guide 2. Symposium Venue 3. Conference & Presentation Facilities 4. Brief Background of Trondheim 5. Programme Timetable 6. List of Participants 7. During Your Stay 8. Welcome Reception and Dinner Schedule 9. Further Information
Organising Institutions
1 Programme Guide
The 7th International Accounting & Finance Doctoral Symposium, which is focused on developing the research strengths and skills of doctoral students, is hosted by the Trondheim Business School, Trondheim, Norway, in partnership with SKEMA Business School, University of Bangor, University of Bologna, University of Leeds, University of Queensland, Universidad de Salamanca, and the University of Strathclyde.
The symposium builds on the tremendous success of the previous meetings, which took place in Bologna (2013), Glasgow (2012), Salamanca (2011), and Prato (2008-2010). IAFDS 2014 offers an excellent opportunity for students to present their work to an international audience outside their usual University environment. Prominent professors and researchers in the fields of accounting, banking and finance attend the symposium and provide detailed feedback to individual participants on their research.
Each participant will receive a written review of their submitted paper, the opportunity to present their work to leading professors, a detailed one-on-one discussion with an experienced academic about their paper, and an excellent networking experience with other doctoral students from around the globe.
2 Symposium Venue
Trondheim Business School Klæbuveien 72 3010 Trondheim Norway http://hist.no/content/36253/Trondheim-Business-School-TBS.
Trondheim Business School was established in 1967. Today Trondheim Business School is one of the oldest public business schools in Norway. Since its inception Trondheim Business School has been the largest institution teaching finance and administration in the mid-Norway region. The School has started the year 2014 in its new campus - campus Elgeseter, which is located within walking distance from the city centre. Details of the location of the Business School and how to get to the School’s new campus can be found at: http://hist.no/content/77174/How-to-get-there.
3 Conference and Presentation Facilities
Trondheim Business School, 17th June: Plenary Session Room 3080 17th & 18th: Parallel Sessions Rooms 3086 & 3088, breakout rooms and open areas available for 1-2- 1 meetings student/reviewer Computer facilities and wifi will be available in Trondheim Business School Library
4 A brief background of Trondheim
Trondheim is the third largest city in Norway and situated in the middle of the country with 180,000 inhabitants. It is often referred to as Norway's capital of technology. The Viking king Olav Tryggvason founded Trondheim in 997, and it has been the capital of Norway for 200 years. Besides being a regional capital, Trondheim is an ecclesiastical centre, a centre for industry and commerce, and an important education and research centre. The city also offers a rich cultural life with international flavours, from museums and symphony orchestra to blues festivals. Wooden architecture adds its charm to the city which is often spoken of as the typical wooden cities of Europe. The city centre has many special wooden buildings, some of which were built as far back as the 1700s.
Nidaros Cathedral in Trondheim is Norway's national sanctuary, and is built over the grave of St. Olav, Norway's patron saint. Trondheim offers the intimacy of a small town with the choices of a metropolis. More information about the city can be found at: http://www.trondheim.no/engelsk/.
Getting to Trondheim
By air:
There are flights from almost any major European city to Oslo, Norway, which has hourly flights to Trondheim. Airlines SAS, Norwegian, and KLM have direct flights to Trondheim from Stockholm, Copenhagen, Amsterdam, London (Gatwick), Prague, Murcia and more. The main international airport, Trondheim Airport Værnes, is just about 30 kilometres away from the city centre. A bus ride from the airport to the city centre takes about 35 minutes, and costs NKr 130 (single) and NKr 220 (return). Buses leave every 15 minutes from right outside of Værnes airport, and stops at many of the central hotels and central connection points. More information about airport buses is available at: http://www.flybussen.no/Trondheim/.
By rail: Trondheim is well connected to the rest of the country. Rail travel within Norway can be planned via the website https://www.nsb.no/en/. Eurail & InterRail passes are valid on all trains in Norway. The same is so for Scanrail pass. By bus: Bus services are available from Bergen and Oslo every day, and arrive at Trondheim Central Station. Bus journey can be found at: http://www.nor-way.no/?lang=en_GB.
5 Programme Timetable
IAFDS7 2014 PROGRAM
Trondheim, Norway
Monday 16th -Wednesday 18th June 2014
Time DAY 2: Tuesday 17th June
9.00 – 9.15am Symposium Welcome & Opening Remarks : Joyce Kyaw, David Hillier, Robert Faff
#1: Plenary Session: “Celebrating Past IAFDS Alumni Successes” Chair: Robert Faff [Room: A32] • Ignacio Requejo: “Which macroeconomic factors facilitate corporate financing?” 9.15 – 10.30am • Tim King: “Bank efficiency and Executive Compensation” • ClaraZhou: “Worry about breaks? Evidence from forecasting US equity risk premium” 10.30 –11.00am Morning Tea Break [Location: “Vrimla” - open space in front of the canteen (2nd floor)]
#2a: PhD Student Presentations - Stream A #2b: PhD Student Presentations - Stream B #2c: PhD Student Presentations -- Stream C
11.00 – 12.20pm [Room:A32] Chair: Emanuele Bajo [Room: U35] Chair: Charlie Cai [Room: U36] Chair: Karen Benson
1. “Overreaction to growth opportunities: an explanation of 3. “R & D Investment and Financial Covenant Slack” 5. “Product Market Competition and Merger Activity” the asset growth anomaly” Peng LI Beatriz MARTINEZ Marion Dupire-Declerck
SD = Trinh HOANG. FD = Lee W-J SD = Lars Ivar Hagfors. FD = Allan Hodgson SD = Chunling XIA. FD = John Ashton
2. “Is the ex-ante market risk premium always positive? A 4. “Modelling the UK Electricity Market using Quantile 6. “Financially constrained firms offer themselves for market expectation perspective” Trinh HOANG Regression” Lars Ivar Hagfors sale” Chunling XIA
SD = Peng LI. FD = David Hillier SD = Beatriz MARTINEZ FD = Clara Zhou SD = Marion Dupire-Declerck. FD = Devraj Basu
12.20 – 1.30pm LUNCH [Location: Canteen (2nd floor)]
#3a: PhD Student Presentations - Stream A #3b: PhD Student Presentations - Stream B #3c: PhD Student Presentations -- Stream C
1.30 – 2.50pm [Room: A32] Chair: Robert Faff [Room: U35] Chair: Allan Hodgson [Room: U36] Chair: Julio Pindado
7. “Normality of Stock Returns with Event Time Clocks” 9. “Home and Foreign Biases in Bond Portfolio 11. “CEO compensation structure and M & A Investments: Macroeconomic Fundamentals vs outcomes” Irina De Bruyne Xin LING Familiarity with the Markets” Bibeck BHATTA SD = David Pecha. FD = Tim King SD = Timbul SANTOSO FD = Charlie Cai SD = Stig HELBERG. FD = Karen Benson 12. “Annual CEO Bonuses, Corporate Governance 8. “Central Banks' Government Bond Diversification benefits: 10. “Risk Reduction from Collateral: Evidence from the Quality and Future” David Pecha Multi-Constraints Mean-Variance Spanning Test” Euro Bond Market” Stig HELBERG SD = Irina De Bruyne. FD = Helen Bollaert Timbul SANTOSO SD = Bibeck BHATTA FD = Kathy Walsh
SD = Xin LING FD = Sirimon Treepongkaruna
2.50 – 3.20pm Afternoon Tea Break
#4a: PhD Student Presentations - Stream A #4b: PhD Student Presentations - Stream B #4c: PhD Student Presentations -- Stream C
3.20 – 4.40pm [Room: A32] Chair: George Tanewski [Room: U35] Chair: Kathy Walsh [Room: U36] Chair: David Hillier
13. “Long-term Effect of Corporate Misreporting: How Long 15. “Is Faster Better for Price Discovery? The Effect of 17. “Superman in the Dark: Trading Behaviour of the do Credit Ratings Reflect the Risks Arising From intentional High Fequency Quotation on Price Discovery” Hossein Chinese National Social Security Fund” Misstatement:” Martin Christian Bierey JAHANSHAHLOO Yong LI SD = Anamaria COCIORVA. FD = Inger Johanne Petterson SD = Sohail AHMED. FD = Frode Kjaerland SD = Ngai Ying CHU. FD = Charlie Cai 14. “Credit Ratings and the Sensitivity of Investment to Cash 16. “Liquidity Comovements in Euronext LIFFE Equity Flow” Anamaria COCIORVA Option Market” Sohail AHMED 18. “Multiple Large Institutional Owners, Non- Monotonic Incentives and Firm-Specific Information” SD = Martin Christian Bierey. FD = Robert Faff SD = Hossein JAHANSHAHLOO FD = Joyce Kyaw Ngai Ying CHU
SD = Yong LI. FD = Allan Hodgson
4.40 – 5.30pm “ONE-ON-ONE” Feedback Sessions
Time DAY 3: Wednesday 18th June
#5a: PhD Student Presentations - Stream A #5b: PhD Student Presentations - Stream B #5c: PhD Student Presentations -- Stream C
9.00 – 11.00pm [Room: A32] Chair: Joyce Kyaw [Room: U35] Chair: Sirimon Treepongkaruna [Room: U36] Chair: David Hillier
19. “Time, Money and Control: Use of Management Controls 21. “Structural Credit Risk Model under Stochastic 23. “Factors Influencing Accounting Outsourcing in a Festival” Eva LECHNER Volatility” Di BU Practices Among SMES in Pakistan Context: Transaction Cost Economics (TCE) and Resource- SD = Kirsten Tangaa NIELSEN FD = Suntharee Lhaopadchan SD = Huong Thi VU. FD = Emanuele Bajo Based Views (RBV) Prospective” Ajmal HAFEEZ
20. “The Value of A Director's Rolodex” 22. “Split Ratings and Spreads: The Credit Signals that SD = Danial Hemmings. FD = George Tanewski matter most for Sovereign Bonds” Kirsten Tangaa NIELSEN 24. “Market Conditioning and Information Huong Thi VU Uncertainty in the Markt for SEOs” SD = Eva LECHNER FD = Julio Pindado SD = Di BU FD = Robert Faff Danial Hemmings
SD = Denis MARINSEK. FD = Chandra Thapa
25. “Convergence toward large capital structure: the case of European firms” Denis MARINSEK
SD = Ajmal HAFEEZ. FD = Ignacio Requejo
nd 11.00 –11.30am Morning Tea Break [Location: “Vrimla” - open space in front of the canteen (2 floor)]
11.30 – 12noon “ONE-ON-ONE” Feedback Sessions
12noon – 12.30pm Wrap Up, Student Feedback, Awards & Farewell to Students Chair: Robert Faff [Room: A32]
12.30 – 1.30pm LUNCH
IAFDS NETWORK STRATEGY PLANNING AFTERNOON: Wednesday 18th June 2014 (1.30-6.00pm)
AGENDA (Faculty Only)
Venue: U35
Time Session Topic Session Leader(s) Assistants/Note-takers
1.30pm-2.00pm IAFDS Mission Philosophy/Strategy Guidelines Robert Faff/David Hillier
2.00pm-2.30pm (1) Publication Opportunities Robert Faff/Charlie Cai
2.30pm-3.30pm (2) Grants & Fundraising David Hillier Ignacio/Chandra
3.30pm-4.00pm Afternoon Tea Break
4.00pm-4.45pm (3) External Networking Robert Faff Clara/Mint
4.45pm-5.30pm (4) Web Design & Database Management Charlie Cai Tim/Sirimon
5.30-6.00pm Confirmation of goals, action items, responsibilities & timelines Robert Faff
6
List of Facilitators
Prof Robert Faff University of Queensland [email protected] Prof David Hillier University of Strathclyde [email protected] Dr Khine Kyaw Trondheim Business School [email protected]
Prof Allan Hodgson University of Queensland [email protected] Prof Karen Benson University of Queensland [email protected] Dr Clara Zhou University of Queensland [email protected] Prof Charlie Cai Leeds University [email protected] Dr Timothy King Leeds University [email protected] Prof George Tanewski Deakin University [email protected] Prof Emanuele Bajo Univ ersità de Bologna [email protected] Dr John Ashton Bangor University [email protected] Prof Chandra Thapa University of Strathclyde [email protected] Prof Suntharee Lhaopadchan Kasetsart University [email protected] Prof SirimonTrepongkaruna Univ.of Western Australia [email protected] Dr Devraj Basu SKEMA [email protected] Dr Helen Bollaert SKEMA [email protected] Prof Julio Pindado University of Salamanca [email protected] Prof Ignacio Requejo University of Salamanca [email protected] Prof Kathy Walsh Australian National Univ. [email protected] Prof Inger Johanne Pettersen Trondheim Bus School [email protected] Assoc Prof Frode Khaerland Trondheim Bus School [email protected] Assist Prof Woo-Jong Lee Hong Kong Polytechnic Univ [email protected]
Morag McDonald University of Strathclyde [email protected]
PhD Students
Bibeck BHATTA University of Strathclyde [email protected] Timbul SANTOSO University of Strathclyde [email protected] Eva LECHNER Trondheim Business School [email protected] Xin LING University of Queensland [email protected] Trinh HOANG University of Queensland [email protected] Yong LI University of Queensland [email protected] Di BU University of Queensland [email protected] Irina De BRUYNE SKEMA [email protected] Marion DUPIRE-DECLERCK SKEMA [email protected] Peng LI University of Leeds [email protected] Hossein JAHANSHAHLOO University of Leeds [email protected] Danial HEMMINGS University of Bangor [email protected] Hong Thu VU University of Bangor [email protected] David PECHA Hong Kong Polytechnic Univ. [email protected] Betty Ying Chu NGAI Hong Kong Polytechnic Univ. [email protected] Denis MARINSEK University of Ljubljana [email protected] Beatriz MARTINEZ University of Salamanca [email protected] Chunling XIA Warwick Bus8iness School [email protected] Martin Christian BIEREY ESCP Europe [email protected] Ajmal HAFEEZ University of Agder [email protected] Anamaria COCIORVA University of Lund [email protected] Kirsten Tangaa NIELSEN Copenhagen Business School [email protected] Sohail AHMED Heriot-Watt University [email protected] Lars Ivar HAGFORS NTNU [email protected] Stig HELBERG NTNU [email protected]
7 During Your Stay
Things to See & Do in Trondheim can be downloaded at: http://www.trondheim.no/engelsk/
Staff Accommodation: Radisson Blu Royal Garden Hotel Kjopmannsgate 73, P.O Box 956, N-7010 Trondheim, Norway T: +47 73 80 30 00, D: +47 73 80 33 02 http://www.radissonblu.no/hotell-trondheim
Student Accommodation: Quality Hotel Augustin Kongens gt 26 | NO-7011 Trondheim, Norway t: +47 73 54 70 00| f:+47 73 54 70 01 https://www.nordicchoicehotels.com/quality/quality-hotel-augustin/
8 Reception and Dinner Schedule
6.00pm Monday 16th June : Welcome Reception Trondheim Business School Klæbuveien 72, 3010 Trondheim, Norway
7.30pm Tuesday 17th June: Gala Dinner Staff & Students Kvilhaugen Gård Blussuvollsbakken 20 7052 Trondheim http://kvilhaugen.no/
7.30pm Wednesday 18th June : AGM : STAFF ONLY Munkholmen, Cicignons plass, Trondheim 7011, Norway http://www.nova-trondheim.no/en/munkholmen http://www.nova-trondheim.no/en/munkholmen
9 Further Information
Should you require any further information or assistance please contact:
Morag McDonald; [email protected] tel. +44 (0) 141 548 5844 tel. (mobile) +44 (0) 7867813147