2004 HKUST Finance Symposium | |
December 12-14, 2004 | |
Program | |
SUNDAY, DECEMBER 12 | |
18:30 - 21:30 | Welcome Reception and Cocktail at Pacific Club (for conference speakers only) |
DAY 1 : MONDAY, DECEMBER 13 | |
8:15 | Pick up, Macro Polo Prince |
9:00 - 9:15 | Coffee and Conference registration, Rm 7336, Council Chamber, HKUST |
9:15 - 9:20 | Opening remarks by Professor K.C. Chan, Dean, School of Business and Management, HKUST |
MORNING SESSION: I 9:20 - 10:10 | Topic : Microstructure, Factor Models and Emerging Markets Session Chair: Larry Harris, University of Southern California |
"Specialist Profits and the Minimum Price Increment" Larry Harris, University of Southern California Jay F. Coughenour, University of Delaware Discussant: Kalok Chan, HKUST | |
10:10 - 10:40 | Coffee Break |
MORNING SESSION: II 10:40 - 12:20 | "Stock Price Synchronicity and Analyst Coverage in Emerging Markets" Allaudeen Hameed, National University of Singapore Kalok Chan, HKUST Discussant: Anthony Lynch, New York University "A Two-Factor Model of Value and Growth with Adjustment Costs" Albert Kyle, Duke University Discussant: Larry Harris, University of Southern California |
12:20 - 14:00 | Lunch, G/F Chinese Restaurant, HKUST |
AFTERNOON SESSION: I 14:00 - 15:40 | Topic : Behavioral Finance Session Chair: Bruce Grundy, University of Melbourne |
“Stocks as Lotteries: The Implications of Probability Weighting for Security Prices” Ming Huang, Stanford University and Cheung Kong Business School Nicholas Barberis, Yale University Discussant: Mungo Wilson, HKUST “Long-Term Return Reversals: Overreaction or Taxes?" Chuan-yang Huang, HKUST Thomas J. George, University of Houston Discussant: Bruce Grundy, University of Melbourne | |
15:40 - 16:10 | Coffee Break |
AFTERNOON SESSION: II 16:10 - 17:00 | “Individualism and Momentum around the World” K.C. John Wei, HKUST Andy C.W. Chui, The Hong Kong Polytechnic University Sheridan Titman, University of Texas at Austin and NBER Discussant: Harrison Hong, Princeton University |
18:30 - 22:00 | On your own (shopping and sightseeing) |
DAY 2 : MONDAY, DECEMBER 14 | |
9:00 - 9:20 | Coffee |
MORNING SESSION: I | Topic : Mutual Funds, Portfolio Allocation and Asset Prices Session Chair: Kalok Chan, HKUST |
“Combining Skill and Capital: Alternate Mechanisms for Achieving an Optimal Fund Size” Bruce Grundy, University of Melbourne Discussant: Ming Huang, Stanford University and Cheung Kong Business School | |
10:10 - 10:40 | Coffee Break |
MORNING SESSION: II 10:40 - 12:20 | “Gone Fishin’: Seasonality in Speculative Trading and Asset Prices” Harrison Hong, Princeton University Jialin Yu, Columbia University Discussant: Allaudeen Hameed, National University of Singapore “Multiple Risky Assets, Transaction Costs and Return Predictability: Implications for Portfolio Choice,” Anthony W. Lynch, New York University and NBER Sinan Tan, New York University Discussant: Chu Zhang, HKUST |
12:20 - 14:00 | Lunch, University Centre Bistro, HKUST |
AFTERNOON SESSION: I 14:00 - 15:40 | Topic : Modeling and Asset Pricing Session Chair: Albert Kyle, Duke University |
“The Determinants of Credit Default Swap Premia” Kris Jacobs, McGill University Jan Ericsson, McGill University Rodolfo A. Oviedo, McGill University Discussant: David Chapman, Boston College “Linear Conditioning” David Chapman, Boston College Michael W. Brandt, Duke University and NBER Discussant: Kevin Wang, HKUST | |
15:40 - 17:30 | Happy Hour at UC Staff Lounge |
18:30 - 22:00 | Farewell Dinner at Jumbo Floating Boat Restaurant, Aberdeen (for conference speakers only) |
End of Conference |