Seminar Topic: To be advised
by Dr Suleyman Basak, London Business School

Seminar Topic: To be advised
by Dr John Griffin, University of Texas at Austin

Seminar Topic: To be advised
by Dr Ohad Kadan, Washington University at St Louis

Seminar Topic: To be advised
by Dr Venkataraman Kumar, Southern Methodist University

Seminar Topic: To be advised
by Dr George Pennacchi, University of Illinois at Urbana-Champaign

Seminar Topic: To be advised
by Dr Youngsuk Yook, Sungkyunkwan University, Korea

Seminar Topic: To be advised
by Dr Wayne Ferson, University of Southern California

Seminar Topic: To be advised
by Dr Allaudeen Hameed, National University of Singapore

Limit Order Markets: A Survey
by Dr Duane J. Seppi, Carnegie Mellon University

Factor Models of Return and Cross-Sectional Equity Option Pricing
by Dr Duane Seppi, Carnegie Mellon University

Assessing the Costs and Benefits of Brokers-Exploring neural, behavioral and emotional explanations for broker use
by Dr John Chalmers, University of Oregon

CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence
by Dr Ravi Jagannathan, Northwestern University

Why Do Firms with High Idiosyncratic Volatility and High Trading Volume Volatility Have Low Return?
by Dr Chuan-Yang Hwang, Nanyang Technological University

A Tour of Behavioral Finance
by Dr David Hirshleifer, University of California at Irvine

The Accrual Anomaly: Risk or Mispricing?
by Dr David Hirshleifer, University of California at Irvine

Product Market Efficiency: The Bright Side of Myopic, Uninformed and Passive External Finance
by Dr Thomas Noe, Oxford University

The High Idiosyncratic Volatility Low Return Puzzle
by Dr Kevin Wang, University of Toronto

Fear of the Unknown: Familiarity and Economic Decisions
by Dr Bing Han, University of Texas at Austin

How Much of the Corporate-Treasury Yield Spread is due to Credit Risk? A Credit Spread Puzzle
by Dr Jingzhi Huang, Pennsylvania State University

Credit Default Swap Market Liquidity and Corporate Yield Spreads
by Dr Wu Chunchi, University of Missouri-Columbia

Are All Inside Directors the Same? CEO Entrenchment or Board Enhancement.
by Dr Ronald W. Masulis, Vanderbilt University

Average Correlation and Stock Market Returns
by Dr Mungo Wilson, Hong Kong University of Science & Technology

How Do Large Banking Organizations Manage Their Capital Ratios?
by Dr Mark Flannery, University of Florida

On the Information Role of Stock Recommendation Revisions
by Dr Robert S. Hansen, Tulane University.

Investment, Financing Activities and the Predictability of Stock Returns
by Dr Jason Karceski, University of Florida

Old Money Matters: The Sensitivity of Mutual Fund Redemption Decisions to Fund Characteristics
by Dr Scott Weisbenner, University of Illinois at Urbana-Champaign and NBER

Financially Constrained Arbitrage and Cross-Market Contagion
by Dr Denis Gromb, London Business School

Stock Option Returns: A Puzzle
by Dr Sophie Ni, Hong Kong University of Science & Technology

Agency Problems at Dual-Class Companies
by Dr Cong Wang, Chinese University of Hong Kong

Calendar Cycles, Infrequent Decisions and the Cross-Section of Stock Returns
by Dr Yong Wang, Hong Kong Polytechnic University

Resurrecting the Size Effect: Firm Size, Profitability Shocks and Expected Stock Returns
by Dr Kewei Hou, Ohio State University

The Cross-Section of Stock Returns and Monetary Policy: The Roles of the Capital Market Imperfection and Interest Rate Channel
by Dr Sungjun Cho, (job candidate), Columbia University

Political Connections and the Allocation of Procurement Contracts
by Jongil-So, (job candidate), University of North Carolina at Chapel Hill

The Monitoring and Advisory Functions of Corporate Boards: Theory and Evidence
by Dong Chen, (job candidate), Duke University

Do Foreign Investors Exhibit a Corporate Governance Disadvantage? An Information Asymmetry Perspective
by Prof Jun-Koo Kang, Michigan State University

Life-Cycle Portfolio Choice with Housing as a Hedging Asset
by Yu (Frank) Zhang, (job candidate), Columbia University

What Role Do Buyout Sponsors Play When Leveraged Buyouts Go Public?
by Jerry X. Cao (job candidate), Boston College

A Theory of Debt Financing and Debtholders' Representation in Corporate Governance Based on Managerial Initiative
by Xinping Li, (job candidate), Stanford University

Employee Stock Options, Financing Constraints and Real Investment: Theory and
Evidence
by Dr Ilona Babenko and Dr Yuri Tserlukevich, Hong Kong University of Science & Technology

Corporate Diversification and Idiosyncratic Volatility
by Dr Zhang Huai and Dr Lim Chee Yeow, Nanyang Technological University

Hedge Fund Activism, Corporate Governance, and Firm Performance
by Professor Alon Brav, Duke University

The Term Structure of Analyst Forecasted Earnings Growth and Return Anomalies
by Dr Mitch Warachka, Singapore Management University

Fairness Opinions in Mergers and Acquisitions
by Dr Rajesh Narayanan, Ohio University

Understanding Stock Return Predictability
by Dr Hui Guo, Federal Reserve Bank of St. Louis

How Life Cycle Funds Affect 401 (k) Portfolio Behavior
by Takeshi Yamaguchi, (job candidate), Wharton School, University of Pennsylvania

Target Behavior and Financing: How Conclusive is the Evidence?
by Dr Xin Chang (Simba), University of Melbourne

Price Discreteness and Dealers' Market Power in the OTC Markets
by Ms. Dan Li, (job candidate), Carnegie Mellon University

Pricing American Options Under Stochastic Volatility and Jump-Diffusion Dynamics
by Professor Carl Chiarella, University of Technology, Sydney

Option Pricing under Habit Formation and Event Risks
by Du Du, (job candidate), University of Chicago

Takeover Bidding with Signalling Incentives
by Tingjun Liu, (job candidate), Carnegie Mellon University

Analyzing Regime Shifts in Stock Markets: An Asset Allocation Perspective
by Dr Jun Tu, Singapore Management University

The Geography of Hedge Funds
by Dr Melvin Teo, Singapore Management University

Mutual Fund Herding and Analysts' Earnings Forecasts
by Professor Kalok Chan, Hong Kong University of Science & Technology

Why foreign investors trade more?
by Professor Kalok Chan, Hong Kong University of Science & Technology

What do we know about individual investor's trading behavior?
by Professor Kalok Chan, Hong Kong University of Science & Technology

Information Asymmetry between China A- and B-share investors
by Professor Kalok Chan, Hong Kong University of Science & Technology

Portfolio Pumping, Trading Activity and Fund Performance
by Professor Sugato Bhattacharyya, University of Michigan

Writing and Research (Part II)
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

The Geography of Corporate Financial Policy
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

Do mutual funds vote responsibly? Evidence from proxy voting
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

Contract Design Issues in Portfolio Delegation
by Dr Zhou Yuqing, The Chinese University of Hong Kong

Writing and Publishing Research Papers (Part I)
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

Home Bias in Foreign Investment Decisions
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

Home Bias in Foreign Investment Decisions
by Professor Lilian Ng, University of Wisconsin in Milwaukee, USA

Legal Protection, Equity Dependence and Corporate Investment: Evidence from around theWorld
by Yuanto Kusnadi, Hong Kong University  of Science & Technology

Managerial Entrenchment and the Capital Structure Dynamics
by Dr. Ayla Kayhan, Louisiana State University

An Improved Estimation Method and Empirical Properties of PIN
by Dr. Zhang Shaojun, Nanyang Technological University

The Performance of Yankee Issuers' Original IPOs
by Dr. Yang Ting, Auckland University of Technology

Patents and the Survival of Internet-related IPOs
by Professor Ian M. Cockburn, Boston University and NBER

Corporate Governance and the Spinoff Decision
by Dr. Seoungpil Ahn, Concordia University

Identifying Risk-Based Factors
by Dr. Anchada Charoenrook, Vanderbilt University

Stock Price Informativeness and Firm Performance: Evidence from Corporate Spinoffs
by Ms. Yoongsuk Yook, University of North Carolina at Chapel Hill

Optimal Portfolio Balancing under Conventional Preferences and Transaction Costs Explains the Equity Premium Puzzle
by Prof. Peter L. Swan, University of New South Wales

Theft and Syndication in Venture Capital Finance
by Dr. Ralph Bachmann, Nanyang Technological University
Discussant: Dr Hassan Naqvi, National University of Singapore

Lockup Expiration, Insider Selling and Bid-ask Spreads
by Dr. Chandrasekhar Krishnamurti,   Nanyang Technological University

Credit Ratings and the Pricing of Seasoned Equity Offerings
by Prof. Paul H. Malatesta, University of Washington, USA

Islamic Banking: Interest-Free or Interest-Based?
by Dr. Chong Beng Soon, Nanyang Technological University
Discussant: Ng Nam Sin, Executive Director (Financial Centre Development), MAS

The Valuation of American Exchange Options under Jump Diffusion Processes
by Prof. Carl Chiarella, University of Technology, Sydney

Weak Interest Rate Parity and Currency Portfolio Diversification
by Dr. Zhao Yonggan, Nanyang Technological University
Discussant: Dr Takeshi Yamada, NUS

Executive Stock Options, Managerial Characteristics and Idiosyncratic Volatility
by Dr. Sun Qian, Nanyang Technological University

Variable Selection in Finite Mixture of Regression Models
by Professor Chen Jiahua, University of Waterloo

Institutional Trading and Share Returns
by Professor F. Douglas Foster, University of New South Wales

Word-of-Mouth Communication, Geographic Proximity and Investor Trading Decisions
by Prof. Lilian Ng, University of Wisconsin-Milwaukee, USA

Testing for a Level Effect in Short-Term Interest Rates
by Dr. S. Suardi, University of Queensland

Testing the Market Timing Theory of Capital Structure
by Prof. Jay Rial Ritter, University of Florida, USA

Impact of Incomplete Information and Heterogeneous Beliefs on Price Volatility and Trading Volume
by Dr. Leon Chuen Hwa, Nanyang Technological University

Long-Term Return Reversals: Overreaction or Taxes?
by Professor Chuan-Yang Hwang, Hong Kong University of Science & Technology

Asymmetric Volatility of Basis and the Theory of Storage
by Professor George H. K. Wang, Commodity Futures Trading Commission, USA

Beyond Earnings Surprise: Incremental Information about future Earnings around Earnings announcement with implications for stock market bubbles
by Dr. Zhang Shaojun, Nanyang Technological University

Pricing Exchange Options with Discontinuous Stock Prices
by Dr. Gerald Cheang, Nanyang Technological University

Does Corporate Performance Determine Capital Structure and Dividend Policy?
by Professor Anjan V. Thakor, Washington University

Intermediation and Risk Aversion
by Dr. Lee Hon Sing, Nanyang Technological University

Understanding the recovery risk on defaulted securities
by Dr. Anand Srinivasan, University of Georgia

When Financial Institutions are Large Shareholders - The Role of Corporate Governance Environments
by Dr. Li Donghui, University of New South Wales

Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount
by Prof. Kalok Chan, Hong Kong University of Science & Technology

Financial Centers in the Asia-Pacific Region: An Empirical Study on Australia, Hong Kong, Japan and Singapore
by Dr. J. Wickramanayake, Monash University, Caufield Campus

IPO as a Liquidity Event: How Accumulation Constraints Generate New Issue Underpricing
by Dr. James R. Booth (Arizona State University) and Dr Lena Chua Booth (Thunderbird)

On portfolio optimization: how do we benefit from high-frequency data?
by Dr. Qiangiu Liu,  University of Hawaii

Fair Flexible Wage - A Real Option Approach
by Dr. Low Buen Sin,  Nanyang Technological University

Inflation or Disinflation? Evidence from Maturing U.S. Treasury Inflation - Indexed Securities
by Prof. Quentin Chu, University of Memphis, USA

Wharton Research Data Services
by Dr. Yan Yuxing, Technical Director, Wharton Research Data Services, University of Pennsylvania

A Theory of IPO Underpricing, Issue Activity, and Long-Run Underperformance
by Dr. Ralph Bachmann, Nanyang Technological University

Are Financial Derivatives Really Value Enchancing? Australian Evidence
by Dr. Hoa Nguyen, University of South Australia

Simple Approach to Pricing Options with Jumps
by Dr. Gerald Cheang Hock Lye, Nanyang Technological University

Foreign Equity Trading & Emerging Market Volatility: Evidence from Indonesia and Thailand
by Dr. Wang JianXin, University of New South Wales

Hedging with Treasury Note and Bond Futures
by Dr. Robin Grieves, Nanyang Technological University

Volatility Risk Premium Embedded in Currency Options
by Dr. Low Buen Sin and Zhang Shaojun, Nanyang Technological University

Now You See It, Now You Don't: A Re-examination of the Relationship between Average Volatilities
by Professor Zhang Chu, Hong Kong University of Science & Technology

Australian Capital Markets Research and Data
by Professor Michael Aitken, Capital Markets Cooperative Research Centre, Australia

Economic Growth and Equity Returns
by Professor Jay Rial Ritter, University of Florida, USA

The Pricing of Initial Public Offerings when IPO Size and Investment Choice are Endogenous
by Dr. Ralph Bachmann, Nanyang Technological University

Detecting Earnings Management at Thresholds - Evidence from Rights Issues in China
by Dr. Sun Qian, Nanyang Technological University

Limited Attention, Deliberation Costs and Investment Behavior: Evidence from Mutual Fund Managers
by Professor Lilian Ng, University of Wisconsin-Milwaukee, USA

Corporate Governance: New Ideas for the USA and Asia
by Mark Latham, The  Corporate Monitoring Project, USA

Estimating the Effects of Cash Settlement on Futures Markets
by Professor Donald Lien, University of Texas at San Antonio

Underwriting Relationship: Initial Setup Costs, Underwriting Fees and First Mover Advantage
by Dr. Zhang Shaojun, Nanyang Technological University

Bank Failure Prediction and Financial Data Reconstruction Using Novel Soft-Computing Approaches
by Dr. Philip Cheng, Nanyang Technological University

Introduction to Default Filter (TM)
by Ms. Corinne Neale, Standard & Poor's Risk Solutions

On Leland's Option Pricing and Hedging with Transaction Costs
by Dr. Zhao Yonggan, Nanyang Technological University

Market-based Structural Approaches in Credit Risk Modeling: A Moody's KMV Perspective
by Shota Ishii, Moody's KMV (Tokyo office)

Special Seminar on Teaching Finance Using Cases
by Professor Dave Shaw, University of Western Ontario

Corporate Governance and Valuation of GLCs in Singapore
by Dr. David Ding, Nanyang Technological University

Can "Illiquidity" Explain the Equity Premium Puzzle?  The Value of Endogenous Market Trading
by Professor Peter Swan, University of New South Wales

Improving Bank Failure Prediction
by Dr Philip Cheng, Nanyang Technological University

IPO Book Building Process
by Professor James Booth, Arizona State University

Foreign Debt and Financial Hedging: Evidence From The Australian Corporate Sector
by Miss Hoa Nguyen, RMIT in Melbourne

Underwriter Reputation and the Aftermarket Performance of Closed-End Fund IPOs
by Professor Lena Chua Booth, Thunderbird-American Graduate School of International Management, USA

Bank Regulation, Capital Markets and Economic Growth
by Professor James Barth, Auburn University

Lock-up as a Commitment Mechanism: The Case of Voluntary Earnings Forecast Disclosure in IPOs
by Dr. Chong Beng Soon, Nanyang Technological University

Why Firms Use Non-Linear Hedging Strategies
by Dr. Tim Adam, Hong Kong University of Science & Technology

Effect of Acquisition Program Announcement on Shareholders of Potential Targets
Dr. Gurmeet Singh Bhabra, Nanyang Technological University

Risk Capital and Equity Markets: An American Perspective
by Mr. William Cate
Jointly organized with Nanyang MBA

Privatization via Overseas Listing: A Study of China's H-share Companies
by Dr. Sun Qian, Nanyang Technological University

Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia
by T.J. Wong, Hong Kong University of Science & Technology

Crony Lending in Thailand before the Financial Crisis
by Yupana Wiwattanakantang, Hitotsubashi University

Why Are Those Options Smiling?
by Louis Edrington, University of Oklahoma

Building Tracking Portfolios Based on a Generalized Information Criterion
by Dr. Zhang Shaojun, Nanyang Technological University

Do Insiders Learn from Outsiders? Evidence from Corporate Takeovers
by Yuanzhi Luo, Simon Graduate School of Business, University of Rochester

Monitoring and Efficiency: The Choice Between Bank Loans and Public Debt
by Dr. Cheol Park, Hong Kong University of Science and Technology

The Practical Application Of Academic Research In the Asset Allocation Consulting Field
by Clay Singleton, Ibottson Associates, Chicago, Il. USA

Payout Policy Design
by Dr. Ralph Bachman, University of Amsterdam, The Netherlands

Transmission of Information Across International Equity Markets
by Jon Wongswan Tang, Duke University

The Regulation of Online financial Services in Hong Kong SAR
by Dr. Assafa Endeshaw

An International Comparison of Corporate Investment Behaviour
by Professor Masaharu Hanazaki, Hitotsubashi University

How Do Foreigners Profit from Local Investors? Evidence from Trades in the Japanese Stock Market
by Professor Takeshi Yamada, Hong Kong University of Science & Technology

Beyond Black-Scholes
by Dr. Gerald Cheang Hock Lye, Nanyang Technological University

Impact of cut-off point on VaR estimates based on Extreme-Value-Theory
by Dr. Yan Yuxing, Nanyang Technological University

A Coupon Effect in Treasury Futures Contracts
by Dr. Grieves, Nanyang Technological University

Dynamic Mean Variance Analysis
by Dr. Zhao Yonggan, Nanyang Technological University

Several Issues on Testing the Long-Term Abnormal Returns
by Dr. Zhang Shaojun, Nanyang Technological University

A Path-Independent Solutions to the Term Structure Interest Rates
by Dr. Guo Chen, University of Ottawa

Do Domestic and Foreign Fund Managers have Similar Preferences for Stock Characteristics? A Cross-Country Analysis
by Dr. Vicentiu Covrig,Dr.  Lau Sie Ting and Professor Lilian Ng (University of Wisconsin at Milwaukee)

American-style Equity Derivatives with Stochastic Interest Rates
by Raymond Wai Man Tse, University of Hong Kong

The Impact of Aggregate Supply on Pricing of Futures
by Dr. Shafiqur Rahman and Dr. M. Shahid Ebrahim (National University of Singapore)

On the Patterns and Wealth Effects of Vertical Mergers
by Joseph Fan and Vidham Goyal, Hong Kong University of Science and Technology

Bid-Ask Spreads, Term-to-Maturity, and Currency Options
by Dr. Chong Beng Soon, Dr. David Ding and Dr. Tan Kok Hui, Nanyang Technological University

An Exploration of Thinly Traded Futures Contracts
by Dr. David Ding and Dr. Charlie Charoenwong, Nanyang Technological University

Price Discovery in International Equity Trading
Michael Melvin, Arizona State University

Forecasting Volatility Using OTC Currency Options
by Dr. Vicentiu Covrig and Dr. Low Buen Sin, Nanyang Technological University

Liquidity and Stock Returns in Pure Order Driven Markets: Evidence from the Australian Stock Market
by Dr. Martin R. Young, Nanyang Technological University

A Dynamic Investment Model Using Portfolio's Worst Outcome
by Dr. Zhao Yonggan, Nanyang Technological University

Volume Autocorrelation, Information Flow, and Investor Trading
by Dr. Vicentiu Covrig, Nanyang Technological University

Empirical Work in Corporate Exchange Risk Management
by Dr. Sohnke Bartram, Maastricht University

Marked Point Processes and High Frequency Data
by Dr. Mitchell Warachka, National University of Singapore

Foreign Ownership Structure, Stock Prices and the Firm Value
by Cheol Eun, Georgia Tech

Filtering Equity Risk Premia from Derivative Prices
by Dr. Carl Chiarella, University of Technology at Sydney

The Choice Between Private Equity Placements and Public Equity Offerings
by Wu YiLin, The University of Chicago

Why do Firms Issue Convertible Securities? Further Evidence on Sequential Financing
by Luis Garcia, University of Missouri at Columbia

Dynamic strategies, Asset pricing Models, and the Out-of-Sample Performance of the Tangency Portfolio.
by Dr. Cesare Robotti, Boston College

Banking Systems Around The Globe: Do Regulations & Ownership Affect Performance and Stability?
by Professor James Barth, Milken Institute and Auburn University

Credit Spread Curves and Credit Ratings
by Hu Wenwei, Chinese University of Hong Kong

Are All Security Analysts Equal? An Analysis of Their Monitoring and Information Dissemination Effect on the Firm Value.
by Dr. Carl Chen, University of Dayton