2007
2007
Call for Paper
The Second International Conference on Asia-Pacific Financial Markets
(CAFM) of the Korean Securities Association (KSA)
Seoul, Korea, December 8, 2007
The Korean Securities Association (KSA), which is the oldest and largest academic organization of finance scholars and practitioners in Korea, invites interested scholars, practitioners, and policy-makers to submit research papers for presentation at the second Conference. Both theoretical and empirical research papers in all areas of finance are welcom.
ELECTIRONIC SUBMISSION
Papers written in English must be submitted via e-mail to:
E-mail: cafm2007@gmail.com
by August 31, 2007, using MS Word or Adobe pdf file format. The submitted papers will be reviewed for selection by the review committee in a double-blind referee process. The results will be notified via e-mail by September 30, 2007. All submitted manuscripts must be original work that is not under submission at another journal or under consideration for publication in another form, such as monograph or chapter of a book.
AWARDS
There will be five $2,500 (USD) competitive research awards this year. All other presenters (one author per paper) from abroad will be provided grants of US$500 to help defray the travel costs.
PUBLICATION
We may invite the awarded papers for publication in the Asia-Pacific Journal of Financial Studies (APJFS) published by the KSA, which is the only SSCI-included finance journal in Asia.
PAPER STYLE
All papers must be accompanied by an abstract of a maximum of 500 words. The cover page of the paper should contain the paper title, the author’s name, affiliation, address, phone number and e-mail address. The second page should contain the paper title and the abstract, but not the author's name.
CONTACT
For additional information, please contact one of us:
Sang Lyong Joo, Ph.D., President of the KSA (sanglyon@wow.hongik.ac.kr), Hongik University
Beomsik Jang, Ph.D., Program Chair (bsjang@ssu.ac.kr), Soongsil University
Dongcheol Kim, Ph.D., Chair of the Review Committee (kimdc@korea.ac.kr), Korea University
Program of Conference
Saturday, December 8, 2009
Session 1
- Chair: HyuK Choe(Seoul National Univ.)
hchoe@snu.ac.kr
| Time-of-Day Variations in the Price Impacts of Trades and Spreads in the U.S. Treasury Market | |
| Peter Chen | Youngstown State University - jwang2@cityu.edu.hk |
| Kasing Man | Western Illinois University - jwang2@cityu.edu.hk |
| Junbo Wang | City University of Hong Kong - jwang2@cityu.edu.hk |
| Chunchi Wu | Singapore Management University - jwang2@cityu.edu.hk |
| Informed Trading Timing and Market Behavior | |
| Lon-Ping Zu | Shih Chien University, Kaohsiung Campus - zu9876@pchome.com.tw |
| Jung-Juei Lee | Yung Ta of Technology & Commerce - jjlee@mail.ytit.edu.tw |
| Ming-Chang Wang | Cheng Shiu University - randomvariabler@yahoo.com.tw |
| Chau-Jung Kuo | National Sun Yat-Sen University - cjkuo@cm.nsysu.edu.tw |
| Efficiency of Single-Stock Futures: An Intraday Analysis | |
| Joseph K.W. Fung | Hong Kong Baptist University - jfung@hkbu.edu.hk |
| Yiuman Tse | University of Texas at San Antonio - yiuman.tse@utsa.edu |
| Empirical Determinants of Limit-hit Durations:Rational and Behavioral Perspectives | |
| Pin-Huang Chou | National Central University - choup@cc.ncu.edu.tw |
| Robin K. Chou | National Central University - choup@cc.ncu.edu.tw |
| Kuan-Cheng Ko | National Central University - choup@cc.ncu.edu.tw |
Session 3
- Chair: Chang-Soo Hur (Univ. of Seoul)
cshur@uos.ac.kr
| Earnings Announcements and Information Channels of a Firm | |
| CHRISTOPHER TING |
Singapore Management University - christopherting@smu.edu.sg |
| Diverse Precision of Private Signals, Endogenous Public Signals and Transparency Policy | |
| Ming-Chun Hung | National Sun Yat-sen University - mc.hung17@msa.hinet.net |
| David S. Shyu | National Sun Yat-sen University |
| Fair Disclosure, Information Environment and Information Asymmetry | |
| Lee-Seok Hwang | Seoul National University - hoshik76@snu.ac.kr |
| Woo-Jong Lee | Seoul National University - hoshik76@snu.ac.kr |
| Ho-Shik Shim | Seoul National University - hoshik76@snu.ac.kr |
| Incentives for Voluntary Earnings Disclosure: Empirical Evidence for listed Taiwanese companies | |
| Teng-Yuan Cheng | National Cheng Kung University - tybrian@gmail.com |
| Yu-Chuan Huang | National Kaohsiung First University of Science and Technology - tybrian@gmail.com |
| Shaung-Shii Chuang | National Cheng Kung University - tybrian@gmail.com |
Session 4
- Chair: Young-Sup Yun (Korea Univ.)
ysyun@korea.ac.kr
| Horizon Effects on Dependence Structure between Hedge Funds and the Equity Market | |
| Francis In | Monash University - wayfarer@kgsm.kaist.ac.kr |
| Byoung Uk Kang | Korea Advanced Institute of Science and Technology - wayfarer@kgsm.kaist.ac.kr |
| Gunky Kim | Monash University - wayfarer@kgsm.kaist.ac.kr |
| Tong Suk Kim | Korea Advanced Institute of Science and Technology - wayfarer@kgsm.kaist.ac.kr |
| Institutional Ownership and Accounting Transparency | |
| Sung Kyu Choi | Youngnam University - skchoi@ynu.ac.kr |
| Jung Wook Seo | Electronics and Telecommunications Research Institute - sj_wook@etri.re.kr |
| Redeemability as Governance: A Study of Closed-end and Open-end Funds under Common Management | |
| Peter MacKay | Hong Kong University of Science and Technology - pmackay@ust.hk |
| Daniel WU Xiongwei | Hong Kong University of Science and Technology - xwwu@ust.hk |
Session 5
- Chair: Hoje Jo (Santa Clara Univ.)
hjo@scu.edu
| Corporate Governance and the Informativeness of Accounting Earnings: The Role of the Audit Committee | |
| Yin-Hua Yeh | Fu Jen Catholic University - trad1003@mail.fju.edu.tw |
| Tracie Woidtke | University of Tennessee - trad1003@mail.fju.edu.tw |
| Corporate governance and firm value: Endogeneity-free evidence from Korea | |
| Jung Yong Choi | Korea University - buycorea@korea.ac.kr |
| Dong Wook Lee | Korea University - donglee@korea.ac.kr |
| Kyung-Suh Park | Korea University - kspark@korea.ac.kr |
| Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility | |
| Maretno A. Harjoto | Pepperdine University - hjo@scu.edu |
| Hoje Jo | Santa Clara University - Maretno.Harjoto@Pepperdine.edu |
Session 6
- Chair: Sung C. Bae(Bowling Green State Univ.)
bae@cba.bgsu.edu
| Agency Problems at Dual-Class Companies | |
| Ronald W. Masulis | Vanderbilt University - ronald.masulis@owen.vanderbilt.edu |
| Cong Wang | Chinese University of Hong Kong - congwang@baf.msmail.cuhk.edu.hk |
| Fei Xie | George Mason University - fxie@gmu.edu |
| Why Do Trade Credits Service Riskier Borrowers Than Bank Loans In Corporate Loan Market? | |
| Byung-Uk Chong | Ewha Womans University - chongb@ewha.ac.kr |
| Do Underwriter Warrants Signal Long-Run Growth Potential? | |
| Sung C. Bae | Bowling Green State University - bae@cba.bgsu.edu |
| Hoje Jo | Santa Clara University - hjo@scu.edu |
Session 7
- Chair: Suk-Heun Yoon(Hallym Univ.)
shyoon@hallym.ac.kr
| Bank Loans with Chinese Characteristics | |
| Warren Bailey | Cornell University - wbb1@cornell.edu |
| Wei Huang | University of Hawaii - weih@hawaii.edu |
| Zhishu Yang | Tsinghua University - yangzhsh@em.tsinghua.edu.cn |
| Pricing of a Bank’s Portfolio through a Dynamic Game | |
| Debasish Majumder | Reserve Bank of India - deb_neeta@yahoo.com |
| Structural Models and Bank Credit Risk. .An Empirical Analysis | |
| Hsien-hsing Liao | National Taiwan University - hliao@ntu.edu.tw |
| Tsung-kang Chen | National Taiwan University - r91723010@ntu.edu.tw |
| Chia-Wu Lu | National Taiwan University - d93723008@ntu.edu.tw |
| Wei-Ling Kuo | National Taiwan University |
Session 8
- Chair: Suk-Ho Sonu(Hongik Univ.)
sonu@hongik.ac.kr
| Liquidity and Liquidity Risk in the Corporate Bond Market | |
| Gady Jacoby | University of Manitoba - georghio@skku.edu |
| George Theocharides | Sungkyunkwan University - georghio@skku.edu |
| Steven X. Zheng | University of Manitoba - georghio@skku.edu |
| Liquidity, Liquidity Risk, and Holding Period | |
| Dong Wook Lee | Korea University - kuanlee@rbsmail.rutgers.edu |
| Kuan-Hui Lee | Rutgers University - kuanlee@rbsmail.rutgers.edu |
| Christof W. Stahel | George Mason University - kuanlee@rbsmail.rutgers.edu |
| Trading Constraint and Illiquidity Discount: An Empirical Investigation and Theoretical Extension | |
| Wenxuan Hou | University of Manchester - whou@dom01.mbs.ac.uk |
| Sydney Howell | University of Manchester - whou@dom01.mbs.ac.uk |
Session 9
- Chair: Ungki Lim (Yonsei Univ.)
ungkilim@base.yonsei.ac.kr
| Investor Herding, Security Prices, and Investment Performances | |
| Jin Yoo | Chungnam National University - jyoo@cnu.ac.kr |
| Race to the top among stock exchanges: Theory and evidence | |
| Kathryn Dewenter | University of Washington - kimc@dragon.yonsei.ac.kr |
| Chang-soo Kim | Yonsei University - kimc@dragon.yonsei.ac.kr |
| Ungki Lim | Yonsei University - kimc@dragon.yonsei.ac.kr |
| Walter Novaes | PUC-Rio - kimc@dragon.yonsei.ac.kr |
| Media coverage and IPO underpricing | |
| Laura Xiaolei Liu | Hong Kong Univ of Science and Technology, - Laura.xiaolei.liu@ust.hk, |
| Ann E. Sherman, | University of Notre Dame, - asherman@nd.edu |
| Yong Zhang | Hong Kong Univ of Science and Technology - aczy@ust.hk |
Session 10
- Chair: Dosoung Choi (Seoul National Univ.)
mgtdpc@snu.ac.kr
| Ownership Structure, Agency Problems, and Auditor Choice: Evidence from Western European Firms | |
| Sadok El Ghoul | University of Alberta - elghoul@ualberta.ca |
| Omrane Guedhami | University of South Carolina - omrane.guedhami@moore.sc.edu |
| Clive Lennox | Hong Kong Univ of Science and Technology - accl@ust.hk |
| Jeffrey A. Pittman | Hong Kong Univ of Science and Technology - acjp@ust.hk |
| Concentrated Ownership and Information-Based Trading | |
| Hae-Young Byun | Seoul National University - hb70@snu.ac.kr |
| Lee-Seok Hwang | Seoul National University - hb70@snu.ac.kr |
| Woo-Jong Lee | Seoul National University - hb70@snu.ac.kr |
| The Effects of Ownership Structure on Share Repurchases in an Emerging Market: Incentive Alignment or Entrenchment? | |
| Sung Wook JOH | Seoul National University - swjoh@snu.ac.kr |
| Young Kyung KO | Korea University - sakaraka@korea.ac.kr |
| Optimal Executive Compensation in the Presence of Managerial Hedging: Theory and Evidence | |
| Huasheng Gao | University of British Columbia - huasheng.gao@sauder.ubc.ca |
Session 11
- Chair: In Joon Kim (Yonsei Univ.)
ijkim728@yonsei.ac.kr
| The Cross-Section of Stock Price Jumps and Return Predictability | |
| George J. Jiang | University of Arizona - gjiang@email.arizona.edu |
| Tong Yao | University of Arizona - yaot@email.arizona.edu |
| Do Index Effects Reflect Idiosyncratic or Industry Effects? A Re-Examination of the Winners and Losers of S&P 500 Index Addition | |
| Isaac Otchere | Carleton University - iotchere@sprott.carleton.ca |
| Andre Gygax | University of Melbourne - iotchere@sprott.carleton.ca |
| Analyst Recommendations and Option Market Reactions | |
| Woojin Kim | Korea University - woojinkim@korea.ac.kr |
Session 12
- Chair: Cheol S. Eun(Georgia Institute of Technology)
cheol.eun@mgt.gatech.edu
| International Factor Linkages | |
| Hyung Suk Choi | Georgia Institute of Technology - hyungsuk.choi@mgt.gatech.edu |
| Cheol S. Eun | Georgia Institute of Technology - cheol.eun@mgt.gatech.edu |
| Suzanne S. Lee | Georgia Institute of Technology - suzanne.lee@mgt.gatech.edu |
| International Evidence on Corporate Payout Policy: Dividends vs. Share Repurchases | |
| Bong Soo Lee | Florida State University - blee2@cob.fsu.edu |
| Jungwon Suh | Ewha Womans University - jungwon_suh@ewha.ac.kr |
| Industrial Diversification, Partial Privatization and Firm Valuation: The Chinese Evidence | |
| Chen Lin | Lingnan University - chen.lin@ln.edu.hk |
| Dongwei Su | Jinan University - tdsu@jnu.edu.cn |
| Market Behaviour of Foreign versus Domestic Investors Following a Period of Stressful Circumstances | |
| Meziane Lasfer | City University, London - m.a.lasfer@city.ac.uk |
| Sharon Lin | City University, London - s.lin@city.ac.uk |
| Gulnur Muradoglu | City University, London - g.muradoglu@city.ac.uk |
Session 13
- Chair: San-Lin Chung(NationalTaiwanUniv.)
chungs@management.ntu.edu.tw
| Static Hedging and Pricing American Options under General Processes | |
| San-Lin Chung | National Taiwan University - chungs@management.ntu.edu.tw |
| Pai-Ta Shih | National Dong Hwa University - bdshih@mail.ndhu.edu.tw |
| The Dynamic Relation of Volatility and Futures Trading under Market Conditions and Changing Sentiments | |
| PAUL L. HSUEH | National Chung-Cheng University - rllee@cyut.edu.tw |
| Y. ANGELA LIU, | National Chung-Cheng University - rllee@cyut.edu.tw |
| NICHOLAS R. LEE | Chao-Yang University of Technolog - rllee@cyut.edu.tw |
| Title: Implementing ARMA Option Pricing Models | |
| Yu-Chuan Huang | National Kaohsiung First University of Science and Technology - u9127902@ccms.nkfust.edu.tw |
| Chin-Wen Wu | National Kaohsiung First University of Science and Technology - u9127902@ccms.nkfust.edu.tw |
| Option Parity under Jump-Diffusion Processes | |
| JIANG Xianfeng | Dongbei University of Finance and Economics - spirits77@263.net |
2007 CAFM Program Committee
| Beomsik Jang (Chair) | Soongsil University |
|---|---|
| Hee-Joon Ahn | Sungkyunkwan University |
| Jinho Byun | Ewha Womans University |
| Joon Chae | Seoul National University |
| Jong-Bom Chay | Sungkyunkwan university |
| Jay M. Chung | University of Seoul |
| Sang Gyung Jun | Hanyang University |
| Bong-Chan Kho | Seoul National University |
| Chang Soo Kim | Yonsei University |
| Dongcheol Kim | Korea University |
| Seokchin Kim | Kyungpook National University |
| Jun-Hee Lee | Soongsil University |
| Jin Woo Park | Hankuk University of Foreign Studies |
| Jong Won Park | University of Seoul |
| Sooyoung Song | Chung-Ang University |
| Kyeongwoo Wee | Sookmyung Women’s University |
| Junesuh Yi | Dongguk University |
2007 CAFM Review Committee
| Dongcheol Kim (Chair) | Korea University |
|---|---|
| Kee-Hong Bae | Queen's University, Canada |
| Kee-Ho Chung | SUNY at Buffalo, USA |
| Joseph Fan | Chinese University of Hong Kong |
| Allaudeen Hameed | National University of Signgapore |
| Hoje Jo | Santa Clara University, U.S.A. |
| Joon Chae | Seoul National University |
| Jang-Koo Kang | Korea Advanced Institute of Science and Technology |
| Jun-Koo Kang | Michigan State University, U.S.A. |
| Bong-Chan Kho | Seoul National University |
| Jin Woo Park | Hankuk University of Foreign Studies |
| Kwangwoo Park | Korea Advanced Institute of Science and Technology |
| Hyun-Han Shin | Yonsei University |
| Sooyoung Song | Chung-Ang University |
페이지 준비중입니다.
Transportation from Incheon International Airport to
The Westion Chosun, Seoul
Travel Time
Typical: 1 hour 10 min. / Rush Hour: Over 2 hours
KAL Limousine Bus
2. Taxi(Fares are aooroximate)
3. Hotel Limousine / Rent-a- Car
4. Subway Train
Contact
· For additional information, Please contact one of us
Sang Lyong Joo, Ph.D.,
President of the (sanglyon@wow.hongik.ac.kr), Hongik University
Beomsik Jang, Ph.D.,
Program Chair (bsjang@ssu.ac.kr), Soongsil University
Dongcheol Kim, Ph.D.,
Chair of the Review Committee (kimdc@korea.ac.kr), Korea University
· Korean Securities Association
Yoedodong 45-2, Yongdeoung po-Gu, Seoul, Korea
Fax : 82-2-783-6539
E-mail : cafm2007@gmail.com
