The European Winter Finance Summit

Program 2008
Program as pdf-file

Sunday, 6 April


18:00 – 20:00



Welcome dinner

Monday, 7 April

Time Authors/Presenter * Discussant Title
08:00 - 08:45

Susan Christoffersen
Richard Evans
David Musto

Randi Næs

Fund Flows vs. Family Flows: Evidence from the Cross Section of Brokers

09:00 - 15:00

Recreational time - skiing
15:30 - 16:15

Rui Albuquerque
Enrique Schroth

Bernt Arne Ødegaard Determinants of the Block Premium and of Private Benefits of Control
16:15 - 17:00

Andrea Buraschi
Fabio Trojani
Andrea Vedolin

Jacob Laading

The Joint Behavior of Credit Spreads, Stock Options and Equity Returns when Investors Disagree

17:15 - 18:00

Gordon Gemmill
Aneel Keswani

Peter Christoffersen

Idiosyncratic Downside Risk and the Credit Spread Puzzle

18:00 - 18:45

Hannelore Brandt
Engelbert Dockner
Rainer Jankowitsch
Stefan Pichler

Anders Øksendal Choice of Rating Technology and Price Formation in Imperfect Credit Markets
19:00 - 19:45

Rajdeep Sengupta

Aksel Mjøs

Lending to Uncreditworthy Borrowers

20:00 Dinner

Tuesday, 8 April

Time Authors/Presenter * Discussant Title
08:00 - 09:00 Suresh Sundaresan
Keynote presentation:
Integrating Dynamic Investment Theory with Financing and Capital Structure
09:00 - 15:00

Recreational time - skiing
15:30 - 16:15

Christine Parlour
Johan Walden

Paul Ehling

Capital, Contracts and the Cross Section of Stock Returns

16:15 - 17:00

Falko Fecht
Kjell G. Nyborg
Jörg Rocholl

Johan Walden

The Price of Liquidity: Bank Characteristics and Market Conditions

17:15 - 18:00

Randi Næs
Bernt Arne Ødegaard

C. Edward Fee

Liquidity and Asset Pricing: Evidence on the Role of Investor Holding Period

18:00 - 18:45

Andriy Bodnaruk
Per Östberg

Liam Brunt

The Shareholder Base and Pay-Out-Policy

19:00 - 19:45

Piet Sercu
Fang Liu

Svein-Arne Persson

The Forward Puzzle: The Roles of Exchange-Rate Regime and Base-Currency Strength

20:30 Dinner (more formal)

Wednesday, 9 April

Time Authors/Presenter * Discussant Title
08:00 – 08:45

Giacinta Cestone
Josh Lerner
Lucy White

Peter Molnàr

The design of syndicates in venture capital

08:45 – 09:30

Claus Munk
Carsten Sørensen

Espen Henriksen

Dynamic Asset Allocation with Stochastic Income and Interest Rates

09:45 – 10:30

Muray Carlson
Engelbert Dockner
Adlai Fisher
Ron Giammarino

Kristian R. Miltersen

Leaders, Followers and Risk Dynamics in Industry Equilibrium

10:30 – 11:15 Baran Siyahhan Engelbert Dockner

Strategic Role of Debt in Duopoly with Incomplete Information

11:30 – 12:15

Stefan Hirth
Marliese Uhrig-Homburg

Jamie Alcock

Investment Timing, Liquidity and Agency Cost of Debt

* - Presenter in bold

©  2014 WU & UZH & VGSF
Picture: © Sporthotel Royer Schladming