SAIF and CAFR of Shanghai Jiao Tong University, will co-host the Third Shanghai Winter Finance Conference in Shanghai on December 18th, 2010. This is an annual conference designed to bring together scholars in all fields of finance to discuss their research.

Agenda 
(Presenting authors in BOLD)
Registration:  8:00－­8:30  am   (Location:  SAIF,   4th  Floor,  Da  Tong  Plaza)
 
Session  1:  8:45­－10:15
 (Location:  SAIF,  Room  403,  Da  Tong  Plaza)
Session  Chair:  Laura Xiaolei Liu, Hong Kong University of Science and  Technology
 
8:45－­9:15  Understanding  the  value  and  size  premia:  what  can  we  learn  from  stock migrations?
Long  Chen,  Washington  University  in  St.  Louis
 
9:15－­9:45  Asymmetric  responses  in  divergence  of  opinions  to  good  news  and  bad  news earnings  shocks
Jin  Yu,  Saint  Cloud  State  University
Haigang  Zhou,  Cleveland  State  University
Qi  Zhu,  Shanghai  Jiaotong  University
 
9:45－­10:15 Larger  stocks  earn  higher  returns
Fangjian  Fu,  Singapore  Management  University
Wei  Yang,  University  of  Rochester
 
Coffee/Tea  Break:  10:15­－10:45 

Session  2:  10:45­－12:15
 (Location:  SAIF,  Room  403,  Da  Tong  Plaza)
Session  Chair:  Fang (Frank) Yu, China Europe International  Business School
 
10:45­－11:15  Managerial  ownership  of  debt  and  bank  loan  contracting
Cong  Wang,  Chinese  University  of  Hong  Kong
Fei  Xie,  George  Mason  University
Xiangang  Xin,  Chinese  University  of  Hong  Kong
 

11:15­－11:45  CEO  overconfidence  or  stock  mispricing  and  growth?  Reexamining  the  effect of  CEO  option  exercise  behavior  on  corporate  investment
Jie  Cao,  Chinese  University  of  Hong  Kong 

11:45­－12:15 The  joint  determinants  of  managerial  ownership,  board  independence,  and firm  performance
Jeffrey  L.Coles,  Arizona  State  University
Michael  L.Lemmon,  University  of  Utah
Yan(Albert)  Wang,  Chinese  University  of  Hong  Kong  
      
Lunch:   12:30－14:00  (Location:  F2, Amber Room 1, Crowne Plaza ) 
and Keynote  Speech:   A  Critique of Quantitative and Structural Modeling in Coperate Finance 
By Ivo  Welch, Brown University

Session  3:   14:15­－15:15
 (Location:  SAIF,  Room  403,  Da  Tong  Plaza)
Session  Chair:  Ming Guo, Shanghai Advanced Institute of Finance
 
14:15­－14:45  Performance  persistence  in  private  equity  funds
Ji­Woong  Chung,  Chinese  University  of  Hong  Kong
 
14:45­－15:15 Investment­based  momentum  profits
Laura  Xiaolei  Liu,  Hong  Kong  University of  Science  and  Technology
Lu  Zhang,  Ohio State  University
 
Coffee/Tea  Break:   15:15­－15:45
 
Session  4:   15:45­－17:15
(Location:  SAIF,  Room  403,  Da  Tong  Plaza)
Session  Chair:  Charles Chang, Shanghai Advanced Institute of Finance
 
15:45­－16:15  Corporate  pension  funding  status  and  the  market  for  corporate  control:  The disciplinary  role  of  pension  deficits  in  mergers  and  acquisitions
Xin  Chang,  Nanyang  Technological  University
Jun­koo Kang, Nanyang Technological University
Wenrui  Zhang,  Nanyang Technological University
 
16:15－­16:45  Investor  power,  creditor  power,  and  cash  flow  use:  International  evidence
Zhen  Wang,  Shanghai  University  of  Finance  and  Economics 

16:45－­17:15  Determinants  of  Corporate  Cash  Policy:  A  comparison  of  private  and  public firms
Huasheng  Gao,  Nanyang  Technological  University
Jarrad  Harford,  University  of  Washington
Kai  Li,  University  of  British  Columbia