The European Winter Finance Summit
                                                                                                                                               
 
 
 
 
 

 
 
 
 
Program 2005
 
Program as pdf-file
 
 

Wednesday

Keynote presentation

Zechner, Josef

Market discipline and internal governance in the mutual fund industry with background material

Morning session

Bühler, Wolfgang

Calling Convertible Bonds too Late Can be Rational


Discussant: Ken L. Beckman


Næs, Randi and Johannes A. Skjeltorp

Order Book Characteristics and the Volume-Volatility Relation: Empirical Evidence from a Limit Order Market


Discussant: Loran Chollete

Afternoon session

Adams, Rene B.

Gender Diversity in the Boardroom


Bechmann, Ken L.

The Market-Microstructure Effects of Convertible Bond Calls—Good News, Bad News or Hedging Induced Price Pressure?


Henriksen, Espen R. Dynamic Suboptimality of Overlapping Generations Economies with Lucas Trees


Kaustia, Markku

What Causes the Disposition Effect? An Empirical Evaluation


Leite, Tore

Adverse Selection, Public Information, and Underpricing in New Issues


Olsen, Trond E.

Regulatory Competition and Multi-National Banking


Stamland, Tommy

The Information Content of Disclosures: The Role of Transparency and Standards

Thursday

Keynote presentation

Eckbo, B. Espen

Optimal bankruptcy law: Are mandatory auctions more efficient?

Morning session

Chernov, Mikhail

Optimal Corporate Securities Values in the Presence of Chapter 7 and Chapter 11


Discussant: Michael Genser


Zagst, Rudi

Defaultable Term Structure Models; based on the papers Empirical Evaluation of Hybrid Defaultable Bond Pricing Models, and Three-Factor Defaultable Term Structure Models


Discussant: Joel Reneby

Afternoon session

Genser, Michael

A Testable Credit Risk Framework with Optimal Bankruptcy, Taxes, and a Complex Capital Structure


Jørgensen, Peter Løchte

Lognormal Approximation of Complex Path-Dependent Pension Scheme Payoffs


Kristiansen, Eirik Gaard

Financial Intermediation and Firms' Capital Structure


Mjøs, Aksel and Svein-Arne Persson

European Options on Defaultable Perpetual Debt: Valuation and Implications for Pricing of Debt


Reneby, Joel

Joint Estimation of Default and Non-Default Components of Corporate Bond Spreads


Sagi, Jacob

Wag the Dog: a high equity premium with smooth consumption


Stomper, Alex

Why Leverage Distorts Investment

Friday

Keynote presentation

Collin-Dufresne, Pierre

On the relation between Credit Spread and Equity premium puzzles

Morning session

Larsen, Kasper

Optimal Portfolio Delegation when Parties have Different Coefficients of Risk Aversion


Discussant: Jacob Sagi


Sørensen, Carsten

Dynamic Asset Allocation and Latent Variables


Discussant: Jonas Andersson
                                                                                                                                           
 
©  2014 WU & UZH & VGSF
 
Picture: © Sporthotel Royer Schladming