7th Area Finance Symposium (BAFS) College of Management University of Boston

Friday April 17th, 2015 University of Massachusetts Club, 225 Franklin Street, Boston, MA

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Hosted by the Department of Accounting and Finance at UMass Boston ______

7th Boston Area Finance Symposium (BAFS)

The College of Management at the University of Massachusetts Boston is pleased to host this year’s Boston Area Finance Symposium (BAFS) . The symposium will take place on Friday April 17th from 8:30 am-4:15pm, followed by a networking reception at the UMass Club in Boston. The College of Management would like to thank its sponsors for this year’s event.

To RSVP, please email [email protected] by April 10th.

7th Boston Area Finance Symposium (BAFS) University of Massachusetts Boston Friday April 17th, 2015 University of Massachusetts Club, 225 Franklin Street, Boston, MA

8:30 Breakfast

9:00 Welcome Remarks

9:15 Paper 1: “CEOs Recruited from the Firm’s Board of Directors: Informed Outsiders or Entrenched Insiders” Presenter: Anya Mkrtchyan () Discussant: Bill Johnson ()

9:50 Paper 2: “In Search of Habitat” Presenter: Tong Yu (University of Rhode Island) Discussant: Daniel Bergstresser ()

10:25 Coffee Break

10:40 Paper 3: “Revisiting the Trend in Aggregate Idiosyncratic Volatility: Trend or Reflection of Price Interaction among Stocks?” Presenter: Kiseok Nam (Suffolk University) Discussant: Ben Branch (University of Massachusetts, Amherst)

11:15 Paper 4: “Board Overlaps in Mutual Fund Families” Presenter: Elif Sisli Ciamarra (Brandeis University) Discussant: Zafer Yuksel (University of Massachusetts, Boston)

11:50 Paper 5: “Does Lead Time in CEO Succession Planning Matter?” Presenter: Mia Rivolta (Babson College) Discussant: Otgo Erhemjamts ()

12:30 Lunch

1:45 Paper 6: “A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment” Presenter: Rui Li (University of Massachusetts, Boston) Discussant: Felipe Cortes (Northeastern University)

2:20 Paper 7: “Social Capital and Corporate Innovation” Presenter: Chenguang Shang (Bentley University) Discussant: Hieu Phan (University of Massachusetts, Lowell)

2:55 Coffee Break

3:10 Paper 8: “The Supply and Demand of S&P 500 Options” Presenter: Lei Lian (University of Massachusetts, Amherst) Discussant: Ryan Davies (Babson College)

3:45 Paper 9: “Inside Debt and External Financing Choices” Presenter: Saira Latif (University of Massachusetts, Lowell) Discussant: Bingxuan Lin (University of Rhode Island)

4:20 BAFS Planning Session

4:35 -5.30 Reception