2018 Applied Finance Conference
11 May 2018 St. John’s Manhattan Campus | New York, NY
The Eighth Annual Applied Finance Conference of the Financial Management Association International (FMA) will be hosted at St. John's University's Manhattan campus located in the heart of New York City’s most vibrant neighborhoods. The Conference is much smaller and more focused than the FMA’s traditional meetings and includes a relatively small number of papers to provide ample opportunity for presentations and discussion by participants.To view the Call for Papers, click here.
Click here to view the program.
Conference Co-Chairs: Betty Simkins, Williams Companies Chair of Business and Professor of Finance, Oklahoma State University and Anna Martin, Alois J. Theis Endowed Chair in Global Finance, Professor of Finance and Executive Director, Applied Finance Institute, St. John's University
Practitioner Insight Coordinator: Mikael Bergbrant, Associate Professor of Finance and Director, Applied Finance Institute, St. John's University
Registration is now open.
- Conference Registration: $125 USD (Members/Nonmember)
Sessions
8:00 am -
8:30 am
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Conference Registration and Continental Breakfast
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SESSION 1
8:30 am -
10:15 am
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Bond Markets and Bond Portfolios
Chairperson: Karen Ann Craig, Eastern Michigan University
Measuring Limits of Arbitrage in Fixed-Income Markets Jean-Sébastien Fontaine, Bank of Canada and Guillaume Nolin*, Bank of Canada
Discussant:Eleni Gousgounis, Stevens Institute of Technology
Tax Optimization of Municipal Bond Portfolios: Investment Selection and Tax Rate Arbitrage Andrew Kalotay*, Andrew Kalotay Associates Inc
Discussant: Ying Wang, University at Albany SUNY
The Linkage between Primary- and Secondary-Markets for European Sovereign Debt: Free Flow or Bottleneck? Alexander Eisl*, Vienna University of Economics and Business, Christian Ochs, Vienna University of Economics and Business, and Marti G Subrahmanyam, New York University
Discussant: Dimitrios Koutmos, Worcester Polytechnic Institute
Practitioner Insights: Robert W Meiselas, CPA, Senior Portfolio Manager JP Morgan Investment Management (retired)
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SESSION 2
8:30 am -
10:15 am
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Corporate Finance and Governance
Chairperson: Jacqueline Garner, Georgia Tech
Is the Cash Locked Out? Evidence from US Multinational Tax Filings Christine L Dobridge, Federal Reserve Board of Governors and Paul S Landefeld*, Joint Committee on Taxation
Discussant: Richard Herron, Babson College
Executive Compensation and Aspirational Peer Benchmarking Thomas Ian Schneider*, Boston College
Discussant: Dan Rogers, Portland State University
Pay Inequality and Public Sector Performance: Evidence from the SEC’s Enforcement Activity Joseph Kalmenovitz*, New York University
Discussant: Thomas Shohfi, Rensselaer Polytechnic Institute
Practitioner Insights: John McCormack, Editor Journal of Applied Corporate Finance
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10:15 am - 10:30 am
Coffee Break
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SESSION 3
10:30 am - 11:30 am
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PANEL SESSION
The Present Market of Commercial Real Estate
Moderator Jason Berkowitz, Assistant Professor St. John's University
Panelists
Richard Buttimer, Co-Director, Childress Klein Center for Real Estate & John Crosland, Sr Distinguished Professor of Real Estate UNC Charlotte
Sam Glass, Real Estate Developer and Owner Scalamander L.L.C.
Andrew Piekarski, Director, Acquisitions Wafra, Inc.
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11:45 am - 12:45 pm
KEYNOTE ADDRESS "Creating Value in a Changing Investment Landscape"
Brian T. Shea Former Vice Chairman and Chief Executive Officer, Investment Services BNY Mellon
Brian T. Shea was most recently Vice Chairman and Chief Executive Officer of Investment Services at BNY Mellon, and oversaw enterprise operations and technology globally. BNY Mellon is a leading global provider of Investment Management and Investment Services and is the world’s largest custodian of financial assets.
Mr. Shea previously served as Chairman, Chief Executive Officer, and President and Chief Operating Officer of Pershing, LLC. a leading provider of investment, technology and business solutions for broker dealers, registered investment advisors and hedge funds in the US, UK, Ireland and Australia, which was acquired by BNY Mellon in 2003.
Mr. Shea currently serves on the Board of Directors of Wisdom Tree Investments, Inc. He previously served on the Board of Directors of the Depository Trust & Clearing Corporation and the Insured Retirement Institute. Mr. Shea was also a member of the Board of Governors of the Financial Industry Regulatory Authority (FINRA), and served on FINRA’s Dispute Resolution Board. In addition, he served as Chairman of FINRA's National Adjudicatory Council and Membership Committee. Mr. Shea also served as Chairman of the Membership Committee of the Securities Industry and Financial Markets Authority (SIFMA), and twice received the Chairman's Award for distinguished service.
Mr. Shea currently serves on the Board of Trustees of St. John's University, the Board of St. John’s University’s Institute for Catholic Schools, the Board of Catholic Charities in the Archdiocese of N.Y., the Board of the Tomorrow’s Hope Foundation and as Vice Chair of the Board of the Catholic Foundation of Long Island. Mr. Shea previously served on the Board of Governors of St John’s University, as Chair of the Bishops Advisory Committee for Catholic Education in the Diocese of Rockville Centre, as Chair of the Board at St Joseph Elementary School in Garden City, as Chair of the Board of Notre Dame School in New Hyde Park and as Chair of the regional school Board for District 4 in the Diocese of Rockville Centre.
Mr. Shea received his B.S. in Business Management from St. John's University, an M.B.A. in Finance from Pace University, and an Honorary P.H.D in Commercial Science from St John’s University.
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12:45 pm - 2:00 pm
LUNCHEON
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SESSION 4
2:00 pm -
3:00 pm
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PANEL SESSION
Borrowing and Saving, Capital Structure and Economic Growth in the Post-crises U.S. Economy
Moderator Nonna Sorokina, Assistant Professor The College of New Jersey
Panelists
Pension Risk Management Gabriel Kimyagarov, Managing Director Financial Strategy and Solutions Group, Citigroup
Mikhail Oet, Research Fellow and Global Head of Capital Adequacy Case Western Reserve University and Bank of New York Mellon
Is There a (Valuation) Cost for Inadequate Liquidity? Ajay Patel, Professor and Thomas S Goho Chair in Finance Wake Forest University
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3:00 pm - 3:15 pm
COFFEE BREAK
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SESSION 5
3:15 pm -
5:00 pm
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Distress and Bankruptcy
Chairperson: Samuel Weaver, Lehigh University
The Value of Bond Underwriter Relationships Stine Louise Daetz*, Copenhagen Business School, Jens Dick-Nielsen, Copenhagen Business School and Mads Stenbo Nielsen, Copenhagen Business School
Discussant: Stefano Bonini, Stevens Institute of Technology
Predicting Bankruptcy via Cross-Sectional Earnings Forecast Martin Huettemann, Cologne Graduate School of Management and Dieter Hess*, University of Cologne
Discussant: Stoyu Ivanov, San Jose State University
Default Risk Spillovers and Intra-Industry Return Predictability Rinald Murataj*, Cornell University
Discussant: Andre de Souza, St. John's University
Practitioner Insights: Niso Abuaf, Chief Economist & Strategist and Professor of Financial Economics Ramirez & Co and Pace University
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SESSION 6
3:15 pm -
5:00 pm
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Market Efficiency and Anomalies
Chairperson: Katsiaryna Bardos, Fairfield University
Investor Sentiment and Style Investing Samar Ashour*, University of Arkansas, Adam Harper, Miami University and Grace Hao, University of Texas Arlington
Discussant: Louis Piccotti, University at Albany SUNY
Intraday Option to Stock Volume Ratios and Stock Return Predictability Kelley Bergsma*, Ohio University, Andy Fodor, Ohio University, Vijay Singal, Virginia Tech, and Jitendra Tayal, Ohio University
Discussant: Danling Jiang, Stony Brook University SUNY
Credit Default Swaps Pricing Errors Reversal and Stock Market Expected Risks and Returns Cheng Hao*, Singapore Management University
Discussant: Iuliana Ismailescu, Pace University
Practitioner Insights: Victor Michael Flores, CAIA, Trading & Portfolio Management Javeri Capital LLC
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5:30 pm - 6:30 pm*
RECEPTION
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Formal Participant Letters & Invitations
For participants seeking a formal invitation from FMA for either institution support or visa requirements, please contact Karen Wright at +1.813.974.2084 or [email protected]. Participants must be registered for the conference in order to receive a requested letter.
#FMAAFC2018 - Follow the Conversation
During the conference, use the hashtag #FMAAFC2018 to follow the conversation on Twitter (@finmgmtassoc) and Facebook (www.facebook.com/FMA.org).
About St. John's University
Founded in 1870, St. John’s University is a Catholic and Vincentian university that prepares students for ethical leadership roles in today’s global society.
St. John’s has four campuses—Queens, Staten Island, and Manhattan in New York, and Rome, Italy. The University also has three academic locations—Hauppauge, New York; Paris, France; and Limerick, Ireland. Students come to St. John’s from 46 states and 127 countries. The University offers more than 100 associate, bachelor’s, master’s, and doctoral degree programs in the arts, business, education, law, pharmacy, and the natural and applied sciences. Students benefit from academic service-learning activities, extensive global studies opportunities, an alumni network of over 180,000, and 17 NCAA, Division I men’s and women’s athletic teams.
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