SSRN 24th Australasian Finance & Banking Conference 2011 (Archive)

1.

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 39 Posted: 28 Feb 2011 Last Revised: 14 Sep 2012

Working Paper Series

Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis

City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

There are 2 versions of this paper

Downloads 1,179

2.

Forced Board Changes: Evidence from Norway

NHH Dept. of Economics Discussion Paper No. 5/2011, 24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 34 Posted: 25 Mar 2011 Last Revised: 31 Jan 2012

Working Paper Series

Knut Nygaard

Oslo Business School at Oslo and Akershus University College of Applied Sciences (HiOA)

Downloads 758

3.

Systemic Risk and Bank Consolidation: International Evidence

Journal of Banking and Finance, Forthcoming, Campus for Finance, 2012 WHU Koblenz , Southwestern Finance Association Annual Meeting 2012, Eastern Finance Association Annual Meeting 2012, Midwest Finance Association, Midwest Finance Association 2012 Annual Meeting, 5th Financial Risks International Forum on "Systemic Risk", Institut Louis Bachelier , 24th Australasian Finance and Banking Conference 2011

Number of pages: 49 Posted: 05 Jan 2012 Last Revised: 20 Nov 2013

Accepted Paper Series

Gregor N. F. Weiss, Sascha Neumann and Denefa Bostandzic

University of Leipzig - Faculty of Economics and Management Science, Ruhr Universität Bochum and Ruhr Universität Bochum

Downloads 622

4.

Industry Expertise, Information Leakage, and the Choice of M&A Advisors

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 48 Posted: 20 Aug 2011 Last Revised: 16 Feb 2015

Working Paper Series

Xin (Simba) Chang, Chander Shekhar, Lewis Tam and Jiaquan Yao

Cambridge Judge Business School, University of Melbourne, Faculty of Business Administration, University of Macau and Xiamen University

There are 2 versions of this paper

Downloads 567

5.

Explaining Momentum Strategies Using Intrinsic Price Fluctuations

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 63 Posted: 27 Aug 2011 Last Revised: 07 Jan 2012

Working Paper Series

Nick Baltas

Imperial College Business School

Downloads 559

6.

Corporate Innovations and Mergers and Acquisitions

Journal of Finance, Forthcoming

Number of pages: 78 Posted: 26 Aug 2011 Last Revised: 06 Nov 2014

Accepted Paper Series

Jan Bena and Kai Li

University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business

There are 2 versions of this paper

Downloads 489

7.

The Political Economy of Financial Innovation: Evidence from Local Governments

Review of Financial Studies, Forthcoming

Number of pages: 61 Posted: 30 Jul 2011 Last Revised: 15 Aug 2017

Accepted Paper Series

Christophe Perignon and Boris Vallee

HEC Paris - Finance Department and Harvard Business School - Finance Unit

Downloads 472

8.

Improvements in Loss Given Default Forecasts for Bank Loans

24th Australasian Finance and Banking Conference 2011, Midwest Finance Association 2012 Annual Meetings Paper

Number of pages: 47 Posted: 10 Feb 2011 Last Revised: 28 Jun 2012

Working Paper Series

Marc Gürtler and Martin Thomas Hibbeln

University of Braunschweig - Institute of Technology, Department of Finance and University of Duisburg-Essen - Mercator School of Management

Downloads 460

9.

Financial Stress Index: Identification of Systemic Risk Conditions

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 58 Posted: 28 Aug 2011 Last Revised: 06 Apr 2013

Working Paper Series

Mikhail V. Oet, Ryan Eiben, Timothy Bianco, Dieter Gramlich and Stephen J. Ong

Case Western Reserve University - Weatherhead School of Management, Indiana University, Federal Reserve Banks - Federal Reserve Bank of Cleveland, Baden-Wuerttemberg Cooperative State University Mosbach (DHBW) and Federal Reserve Banks - Federal Reserve Bank of Cleveland

There are 2 versions of this paper

Downloads 446

10.

Do Wealth Creating Mergers and Acquisitions Really Hurt Acquirer Shareholders?

AFA 2012 Chicago Meetings Paper, 24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 62 Posted: 22 Mar 2011 Last Revised: 11 Jun 2012

Working Paper Series

Ronald W. Masulis, Peter L. Swan and Brett Tobiansky

University of New South Wales - Australian School of Business, University of New South Wales (UNSW Australia) and University of New South Wales

Downloads 436

11.

Bank Regulatory Capital and Liquidity: Evidence from U.S. and European Publicly Traded Banks

Number of pages: 54 Posted: 14 Jul 2011 Last Revised: 14 Mar 2013

Working Paper Series

Isabelle Distinguin, Caroline Roulet and Amine Tarazi

Université de Limoges, LAPE, University of Limoges and Universite de Limoges, LAPE

There are 2 versions of this paper

Downloads 414

12.

Stocking Up: Executive Optimism, Option Exercise, and Share Retention

Journal of Financial Economics (JFE), Vol. 118, No. 2, 2015

Number of pages: 78 Posted: 18 Feb 2009 Last Revised: 08 Dec 2015

Accepted Paper Series

Rik Sen and Robert Tumarkin

University of New South Wales and UNSW Australia Business School, School of Banking and Finance

Downloads 394

13.

Employees as Creditors: The Disciplinary Role of Pension Deficits in the Market for Corporate Control

24th Australasian Finance and Banking Conference 2011 Paper, AFA 2013 San Diego Meetings Paper

Number of pages: 59 Posted: 07 Jan 2011 Last Revised: 30 Nov 2012

Working Paper Series

Xin (Simba) Chang, Jun-Koo Kang and Wenrui Zhang

Cambridge Judge Business School, Nanyang Technological University (NTU) - Nanyang Business School and The Chinese University of Hong Kong (CUHK) - Department of Finance

Downloads 367

14.

Public Information and IPO Underpricing

24th Australasian Finance and Banking Conference 2011 Paper, ECGI - Finance Working Paper No. 322/2011

Number of pages: 50 Posted: 14 Aug 2010 Last Revised: 12 Jan 2012

Working Paper Series

Einar Bakke, Tore E. Leite and Karin S. Thorburn

Norwegian School of Economics (NHH), Norwegian School of Economics (NHH) and Norwegian School of Economics

There are 2 versions of this paper

Downloads 367

15.

Liquidity and Price Discovery of Algorithmic Trading: An Intraday Analysis of the SPI 200 Futures

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 40 Posted: 22 Aug 2011 Last Revised: 16 Nov 2014

Working Paper Series

Tina Viljoen, Hui Zheng and P. Joakim Westerholm

University of Sydney Business School, Discipline of Finance, The University of Sydney and University of Sydney Business School

Downloads 360

16.

Where do Hedge Fund Managers Come from? Past Employment Experience and Managerial Performance

UNSW Australian School of Business Research Paper No. 2011 BFIN 06, 24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 45 Posted: 17 Jun 2011 Last Revised: 23 Jan 2012

Working Paper Series

Nicolas A. Papageorgiou, Jerry T. Parwada and Eric K. M. Tan

HEC Montreal - Department of Finance, UNSW Australia Business School, School of Banking and Finance and University of Otago - Department of Accountancy and Finance

Downloads 345

17.

Short-term Institutional Investors and Firm Cash Holdings

Number of pages: 40 Posted: 14 Aug 2010 Last Revised: 01 Dec 2016

Working Paper Series

Christine A. Brown, Yangyang Chen and Chander Shekhar

Department of Banking and Finance, Hong Kong Polytechnic University - Faculty of Business and University of Melbourne

Downloads 331

18.

The Role of Government in the Labor-Creditor Relationship: Evidence from the Chrysler Bankruptcy

Journal of Financial and Quantitative Analysis 50 (3), June 2015, pp 325 - 348

Number of pages: 47 Posted: 22 Aug 2011 Last Revised: 02 Sep 2015

Accepted Paper Series

Bradley S. Blaylock, Alexander Edwards and Jared R. Stanfield

Oklahoma State University - Spears School of Business, University of Toronto - Rotman School of Management and University of New South Wales (UNSW) - School of Banking and Finance

Downloads 330

19.

SAFE: An Early Warning System for Systemic Banking Risk

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 48 Posted: 26 Aug 2011

Working Paper Series

Mikhail V. Oet, Ryan Eiben, Timothy Bianco, Dieter Gramlich, Stephen J. Ong and Jing Wang

Case Western Reserve University - Weatherhead School of Management, Indiana University, Federal Reserve Banks - Federal Reserve Bank of Cleveland, Baden-Wuerttemberg Cooperative State University Mosbach (DHBW), Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Cleveland

There are 3 versions of this paper

Downloads 329

20.

Are Co-Skewness and Co-Kurtosis Factors Priced?

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 38 Posted: 27 Aug 2011

Working Paper Series

Richard A. Heaney, Yihui Lan and Sirimon Treepongkaruna

University of Western Australia, University of Western Australia and University of Western Australia

Downloads 326

21.

Infrastructure Finance: A Comparative Analysis of Projects With and Without Private Equity Funding

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 25 Posted: 19 Aug 2011

Working Paper Series

Josephine Gemson, Gautami K. V. and Thillai Rajan Annamalai

Indian Institute of Technology (IIT), Chennai, Indian Institute of Technology (IIT), Madras and Indian Institute of Technology (IIT)

Downloads 325

22.

Public Governance, Political Connectedness, and CEO Turnover: Evidence from Chinese State-Owned Enterprises

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 56 Posted: 19 Aug 2011

Working Paper Series

Qingbo Yuan

University of Melbourne

Downloads 317

23.

Investor Sentiment and Momentum and Contrarian Trading Strategies: Mutual Fund Evidence

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 52 Posted: 17 Aug 2011

Working Paper Series

Grant E. Cullen, Dominic Gasbarro, Gary S. Monroe and J. Kenton Zumwalt

affiliation not provided to SSRN, Murdoch University, University of New South Wales (UNSW) - Australian School of Business and Colorado State University, Fort Collins - Department of Finance & Real Estate

Downloads 309

24.

Information Asymmetry and the Timing of Capital Issuance: An International Examination

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 52 Posted: 20 Aug 2011 Last Revised: 14 Nov 2011

Working Paper Series

April M. Knill and Bong-Soo Lee

Florida State University College of Business and Florida State University

Downloads 301

25.

Optimal Capital Structure of Banks with Contingent Capital: A Structural Model

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 18 Posted: 26 Aug 2011

Working Paper Series

Christine Maati-Sauvez and Jerome Maati

University of Lille North of France - Institute of Business Administration and University of Lille North of France - Lille Institute of Business Administration

Downloads 295

26.

CEO Incentives and Institutional Trader Monitoring are Substitutes: Theory and Evidence

AFA 2012 Chicago Meetings Paper, 24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 64 Posted: 25 Jan 2010 Last Revised: 03 Jan 2012

Working Paper Series

Brandon Chen and Peter L. Swan

Victoria University of Wellington and University of New South Wales (UNSW Australia)

Downloads 271

27.

Why Micro-Prudential Regulation Fails? The Impact on Systemic Risk by Imposing a Capital Requirement

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 29 Posted: 16 Mar 2010 Last Revised: 12 Oct 2011

Working Paper Series

Chen Zhou

De Nederlandsche Bank

Downloads 267

28.

When is Insider Trading Informative

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 37 Posted: 26 Aug 2011 Last Revised: 16 Mar 2012

Working Paper Series

Yanhui Wu and Qiaoqiao Zhu

Queensland University of Technology - School of Economics and Finance and Australian National University (ANU) - College of Business and Economics

Downloads 253

29.

Benchmark Replication Portfolio Strategies

Journal of Asset Management Vol. 14, 2, 95–110, 24th Australasian Finance and Banking Conference 2011 Paper,

Number of pages: 22 Posted: 20 Aug 2011 Last Revised: 24 Jun 2013

Accepted Paper Series

Paskalis Glabadanidis and Leon Zolotoy

University of Adelaide Business School and Melbourne Business School

Downloads 247

30.

Foreign Institutional Investors and Corporate Governance in Emerging Markets: Evidence from Split Share Reform in China

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 50 Posted: 27 Aug 2011 Last Revised: 16 Mar 2012

Working Paper Series

Wei Huang and Tao Zhu

University of Hawaii at Manoa - Shidler College of Business and Jinan University - Department of Finance

Downloads 246

31.

The Effect of Bank Monitoring as an Alternative of Corporate Governance Mechanism on the Borrowers’ Firm Value: Evidence from Indonesian Listed Firms

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 27 Posted: 22 Aug 2011 Last Revised: 01 Mar 2014

Working Paper Series

Ancella Anitawati Hermawan and Alexandra Ryan Ahmad Dina

University of Indonesia (UI) and University of Indonesia (UI)

Downloads 241

32.

The Components of the Illiquidity Premium: An Empirical Analysis of U.S. Stocks 1927-2010

Journal of Banking and Finance, Forthcoming

Number of pages: 51 Posted: 22 Aug 2011 Last Revised: 14 Feb 2013

Accepted Paper Series

Björn Hagströmer, Bjorn Hansson and Birger Nilsson

Stockholm University - Stockholm Business School, Lund University - Department of Economics and Lund University - Department of Economics

Downloads 231

33.

European Financial Market Dependence: An Industry Analysis

Journal of Banking and Finance, Vol. 59, July 2015, pp. 146-163.

Number of pages: 52 Posted: 13 Jun 2011 Last Revised: 10 Jul 2015

Accepted Paper Series

Söhnke M. Bartram and Yaw-Huei Wang

Warwick Business School - Department of Finance and National Taiwan University

There are 2 versions of this paper

Downloads 207

34.

The Lure of the Slant and the Banality of the Conservative

AFA 2012 Chicago Meetings Paper, 24th Australasian Finance and Banking Conference

Number of pages: 56 Posted: 24 Jan 2011 Last Revised: 13 Jan 2017

Working Paper Series

Craig Brown

Northeastern University - D’Amore-McKim School of Business

Downloads 205

35.

Business Cycles and Mutual Fund Timing Performance: An Application of Regime Switching and GARCH Modeling

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 29 Posted: 22 Aug 2011 Last Revised: 25 Aug 2011

Working Paper Series

Judy Qiu, Robert W. Faff and Karen L. Benson

University of Queensland - Business School, University of Queensland and University of Queensland - Business School

Downloads 198

36.

Asset Pricing Anomalies and Macroeconomic Risk

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 45 Posted: 01 Sep 2011

Working Paper Series

Paul Docherty, H. Chan and Stephen Andrew Easton

University of Newcastle (Australia), University of Melbourne - Department of Finance and University of Newcastle

Downloads 197

37.

The Behavior and Determinants of Stock Market Index in Indonesia

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 19 Posted: 03 Jun 2011

Working Paper Series

Gantiah Wuryandani

Bank Indonesia

Downloads 194

38.

Future Earnings Growth Volatility and the Value Premium

24th Australasian Finance and Banking Conference 2011 Paper, Midwest Finance Association 2012 Annual Meetings Paper

Number of pages: 31 Posted: 22 Aug 2011 Last Revised: 16 Jan 2012

Working Paper Series

Jamie Alcock, Eva Steiner and Kelvin Jui Keng Tan

The University of Sydney Business School, School of Hotel Administration, Cornell University and University of Queensland - Business School

Downloads 193

39.

The Value of Industrial Shareholdings in a Universal Bank: The Case of Deutsche Bank in the 1990s

24th Australasian Finance and Banking Conference 2011 Paper, Midwest Finance Association 2012 Annual Meetings Paper

Number of pages: 52 Posted: 25 Aug 2011 Last Revised: 30 Oct 2012

Working Paper Series

Stephan H. Späthe

Center for Financial Studies (CFS)

Downloads 189

40.

Asset Pricing Implications of Demographic Change

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 97 Posted: 11 May 2011 Last Revised: 20 Jan 2017

Working Paper Series

Thomas Andreas Maurer

Washington University in St. Louis - John M. Olin Business School

Downloads 188

41.

Characteristic Liquidity, Systematic Liquidity and Expected Returns

Journal of International Financial Markets, Institutions and Money, Forthcoming

Number of pages: 43 Posted: 20 Aug 2011 Last Revised: 17 Aug 2014

Accepted Paper Series

Reza Bradrania and Maurice Peat

University of South Australia - UniSA Business School and The University of Sydney

Downloads 187

42.

Lending Relationships and Credit Rationing: The Impact of Securitization

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 30 Posted: 16 Aug 2011

Working Paper Series

Santiago Carbo-Valverde, Hans Degryse and Francisco Rodriguez-Fernandez

Bangor Business School, KU Leuven, Department Accounting, Finance and Insurance and University of Granada - Department of Economic Theory and History

There are 4 versions of this paper

Downloads 173

43.

Conflict of Interest between Labor and Controlling Shareholders: International Evidence from the Cost of Equity Capital

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 41 Posted: 17 Aug 2011

Working Paper Series

In-Mu Haw, Teresa Chu and Xu Zhang

Texas Christian University - M.J. Neeley School of Business, University of Macau, Department of Accounting and University of Macau

Downloads 171

44.

Market Uncertainty and Sentiment, and the Post-Earnings Announcement Drift

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 43 Posted: 19 Aug 2011 Last Revised: 14 Oct 2011

Working Paper Series

Ronald Geoffrey Bird, Daniel F.S. Choi and Danny Yeung

University of Technology Sydney (UTS) - School of Finance and Economics, The University of Waikato and University of Technology Sydney (UTS)

Downloads 171

45.

Long-Term U.S. Infrastructure Returns and Portfolio Selection

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 31 Posted: 22 Aug 2011 Last Revised: 28 Oct 2011

Working Paper Series

Michael Francis Howard, Robert J. Bianchi, Graham N. Bornholt and Michael E. Drew

Griffith University, Griffith University, Griffith University - Department of Accounting, Finance and Economics and Griffith University

Downloads 167

46.

Closing Call Auctions at the Index Futures Market

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 45 Posted: 17 Mar 2011 Last Revised: 19 Nov 2012

Working Paper Series

Björn Hagströmer and Lars L. Norden

Stockholm University - Stockholm Business School and Stockholm University - Stockholm Business School

Downloads 165

47.

Can US Economic Variables Predict the Chinese Stock Market?

Pacific-Basin Finance Journal, Forthcoming , 24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 32 Posted: 27 Aug 2011 Last Revised: 13 Nov 2013

Accepted Paper Series

Jeremy Goh, Fuwei Jiang, Jun Tu and Yuchen Wang

Singapore Management University - Lee Kong Chian School of Business, Central University of Finance and Economics (CUFE) - School of Finance, Singapore Management University - Lee Kong Chian School of Business and University of Science and Technology of China

Downloads 162

48.

Inter-Market Competition and Bank Loan Spreads: Evidence from The Securities Offering Reform

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 30 Posted: 23 Aug 2011 Last Revised: 26 Nov 2013

Working Paper Series

Matthew Gustafson

Pennsylvania State University - Smeal College of Business

Downloads 154

49.

Metal Investments: Distrust Killer or Inflation Hedging?

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 29 Posted: 25 Aug 2011 Last Revised: 19 Aug 2012

Working Paper Series

Ghulame Rubbaniy, Ken Ting Lee and Willem F. C. Verschoor

University of Central Punjab - UCP Business School, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and VU University Amsterdam, Faculty of Economics and Business Administration

Downloads 154

50.

Entropic Least-Squares Valuation of American Options Subject to Moment Constraints

24th Australasian Finance and Banking Conference 2011 Paper

Number of pages: 62 Posted: 22 Aug 2011 Last Revised: 05 Dec 2012

Working Paper Series

Xisheng Yu and Li Yang

Southwestern University of Finance and Economics (SWUFE) and UNSW Australia Business School, School of Banking and Finance

Downloads 148

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