|
|
Fall 2004 Research Conference
FDIC/Journal of Financial Services Research: Risk Transfer and Governance in the Financial System Conference
Friday, September 17, 2004, morning sessions
|
8:00 – 8:30
|
Registration
|
|
8:30 – 8:45
|
Welcoming Remarks
|
|
8:45 – 10:30
|
Session I: Governance and Managerial Incentives
|
|
|
Session Chair: Allan Eberhart, Georgetown University
|
|
|
The Governance of Banks: How Do Bank Capital and Monitoring Impact Post-Acquisition and Performance? - PDF 343k (PDF Help)
Christa Bouwman, University of Michigan
|
|
|
Managerial Incentives and Risk-Taking - PDF 285k (PDF Help)
Jeffery Coles, Arizona
State University, and
Naveen Daniel and Lalitha Naveen, Georgia State University
University
|
|
|
Whose Private Benefits of Control-Owners or Managers? - PDF 1,289k (PDF Help)
Joon Ho Hwang, Indiana University
|
|
|
Discussant: Robert Marquez, University of Maryland
|
|
10:30 – 10:45
|
--- Coffee Break ---
|
|
10:45 – 12:30
|
Session II: Managerial Actions
|
|
|
Session Chair: Mark Flannery, University of Florida
|
|
|
The Fall of ESO Repricing: Governance Reform or Reform Gone Awry? - PDF 180k (PDF Help)
N.K. Chidambaran, Rutgers University, and
Nagpurnanand Prabhala, University of Maryland
|
|
|
Flows, Performance, and Managerial Incentives in Hedge Funds - PDF 305k (PDF Help)
Vikas Agarwal and Naveen Daniel, Georgia State University, and
Narayan Naik, London Business School
|
|
|
Incentive Effects of Illiquid Stock and Option Holdings of Target and Acquirer CEOs - PDF 2353k (PDF Help)
Jie Cai and Anand Vijh, University of Iowa
|
|
|
Discussant: Ben Esty , Harvard University
|
|
12:30 – 2:00
|
Luncheon Address: Richard Syron, Chairman, Freddie Mac
|
Friday, September 17, 2004, afternoon sessions
Saturday, September 18, 2004, morning sessions
| 8:00 – 8:30 |
-- Coffee and breakfast – |
| 8:30 – 10:15 |
Session V: Issues in Banking Supervision
Session Chair: Fred Carns, FDIC
Did FDICIA Enhance Market Discipline? A Look at Evidence from the Jumbo CD Market - PDF 320k (PDF Help)
John Hall, University of Arkansas, and
Thomas King, Andrew Meyer, and Mark Vaughan, Federal Reserve Bank of St. Louis
Use of Subordinated Debt in the Supervisory & Monitoring Process and To Enhance Market Discipline - PDF 218k (PDF Help)
Douglas Evanoff, Federal Reserve Bank of Chicago, and
Julapa Jagtiani, Federal Reserve Bank of Kansas City
How Depositors Discipline Banks: A Micro-level Case Study of Hamilton Bank - PDF
315k (PDF Help)
Andrew Davenport and Kathleen McDill , FDIC
Discussant: Joel Houston, University of Florida |
| 10:15 – 10:30 |
--- Break --- |
| 10:30 – 12:15 |
Session VI: Issues in Credit Risk
Session Chair: Paul Kupiec, FDIC
Understanding the Risk in Synthetic CDOs- PDF 164k (PDF Help)
Michael Gibson, Federal Reserve Board
Common Failings: How Corporate Defaults are Correlated - PDF 355k (PDF Help)
Sanjiv Das, Santa Clara University,
Darrell Duffie, Stanford University, and
Nikunj Kapadia, University of Massachusetts
An empirical comparison of credit spreads between the bond market and the credit-default-swap (CDS) market - PDF 469k (PDF Help)
Haibin Zhu, Bank for International Settlements
Discussant: Louis Scott, Morgan Stanley |
| 12:15 – 1:15 |
--- Lunch --- |
Saturday, September 18, 2004, afternoon sessions
| 1:15 – 3:00 |
Session VII: International
Session Chair: Mark Carey, Board of Governors of the Federal Reserve
Preemptive Distress Resolution through Bank Mergers - PDF 266k (PDF Help)
Ralf Elsas, Goethe-Universität Frankfurt
Testing for Opaqueness in the European Banking Industry: Evidence From Bond Credit Ratings - PDF 291k (PDF Help)
Giuliano Iannotta, Università Commerciale Luigi Bocconi
What Did the Credit Market Expect of Argentine Default? Evidence from Default Swap Data - PDF 454k (PDF Help)
Frank Zhang, Federal Reserve Board
Discussant: Clas Wihlborg, Copenhagen Business School |
| 3:00 – 3:15 |
--- Break --- |
| 3:15 – 5:00 |
Session VIII: Issues in Banking Performance
Session Chair: Art Murton, FDIC
The Theory of Bank Risk-Taking and Competition Revisited - PDF
191k (PDF Help)
John Boyd, University of Minnesota, and
Gianni De Nicoló, International Monetary Fund
Regulatory Capital and Earnings Management in Banks: The Case of Loan Sales and Securitizations - PDF 282k (PDF Help)
N. Emre Karaoglu, University of Southern California
Discussant: Robert DeYoung, Federal Reserve Bank of Chicago
--- Adjournment --- |
|
