고려대학교 기업지배연구소

QUICK MENU
  • KOREA UNIVERSITY
  • KUBS
  • Login
  • Link
  • Contact US
  • Sitemap

The 3rd CGEM

Conference Program

The 3 rd International Conference on
Corporate Governance in Emerging Markets
28-29 May, 2011
Korea University Business School, Seoul, Korea

Co-organizers: Global Corporate Governance Forum, IFC Asian Institute of Corporate Governance, Korea University

Supporters: ICGN, Sabanci Universitesi, and PRI

May 28, 2011 (Saturday) : LG-POSCO Bldg, Korea University Business School

Time Session Venue
08:30 - 09:00 Registration Foyer(4F)
09:00 - 09:50 Welcome and Introductory Remarks: Prof. Hansung Jang
Opening Speech: Stijin Claessens
Congratulations: Dean and Prof. Jinkyu Lee
Supex Hall(4F)
09:50 - 10:00 Coffee Break Foyer(4F)
10:00 - 12:00 1A: Institutions and Corporate Governance (I) 1B: Institutions and Corporate Governance (II) Foyer(4F)
12:00 - 13:30 Keynote Speech: Prof.Randall Morck
Luncheon
Multifunction Room(6F)
13:30 - 15:10 2A: Family Controlled Firms 2B: Shareholder Rights and Corporate Control LP 107
LP 108
15:10 - 15:20 Coffee Break Foyer(1F)
15:20 - 17:00 3A: Special Session 1 - Green Financing and Corporate Social Responsibility
3B: Special Session 2 - Green Financing and Emerging Economy Issues
LP 107
LP 108
18:00 - 22:00 Dinner Korea House

May 29, 2011 (Sunday) : LG-POSCO Bldg, Korea University Business School

Time Session Venue
09:00 - 10:40 4A: CEO and the Board of Directors
4B: Capital Markets and Corporate Governance
4C: Governance of Business Groups
LP 106
LP 107
LP 108
10:40 - 10:50 Coffee Break Foyer(1F)
5A: Market for Control
5B: Corporate Governance Mechanisms and Corporate Decision
5C: Agency problem and Managerial Incentive
LP 106
LP 107
LP 108
12:30 - 14:00 Keynote Speech: Prof. Bernard S. Black
Luncheon
Closing Speech: Philip Armstrong
Multifunction Room(6F)

DAY 1

May 28, 2011 (Saturday) : LG-POSCO Bldg, Korea University Business School

1A Institutions and Corporate Governance (I)
Chair: Stijn Classens, International Monetary Fund

Enforceability and the Effectiveness of Laws and Regulations
Ke Li, Shanghai Stock Exchange
Lei Lu, Shanghai University
Jun “QJ” Qian, Boston University

Discussant: Amir N. Licht, Interdisciplinary Center Herzliya

What Makes the Bonding Stick? A Natural Experiment Involving the Supreme Court and Cross-Listed Firms
Amir N. Licht, Interdisciplinary Center Herzliya
Xi Li, Boston College
Jordan I. Siegel, Harvard University

Discussant: Hua Zhang, China Europe International Business School

The Role of Institutional Development in the Prevalence and Value of Family Firms
Raphael Amit, University of Pennsylvania
Yuan Ding, China Europe International Business School
Belen Villalonga, Harvard University
Hua Zhang, China Europe International Business School

Discussant: Yujin Jeong, HEC Montreal

Who Bribes? Evidence from the United Nations' Oil-for-Food Program
Yujin Jeong, HEC Montreal
Robert J. Weiner, George Washington University

Discussant: Lei Lu, Shanghai University

1B Institutions and Corporate Governance (II)
Chair: Mark Maffett, University of North Carolina at Chapel Hill

Institutions, Investor Protection, and Corporate Choices in Developing Economies
Rima Turk Ariss, Lebanese American University

Discussant: Ronald Masulis, University of New South Wales

How Does Product Market Competition Interact with Internal Corporate Governance-Evidence from the Korean Economy?
Hee Sub Byun , Korea University
Ji Hye Lee, Korea University
Kyung Suh Park , Korea University

Discussant: Mark Maffett, University of North Carolina at Chapel Hill

Transparency and Liquidity Uncertainty in Crisis Periods
Mark Lang, University of North Carolina at Chapel Hill
Mark Maffett, University of North Carolina at Chapel Hill

Discussant: Rima Turk Ariss, Lebanese American University

2A Family Controlled Firms
Chair: Andrei Kuznetsov, University of Central Lancashire

Family Involvement and Family Firm Performance
John Nowland, City University of Hong Kong
En-Te Chen , Queensland University of Technology
Stephen Gray, University of Queensland

Discussant: Woochan Kim, KDI School of Public Policy and Management

Family Control and Expropriation of Not-for-Profit Organizations: Evidence from Korean Private Universities
Kee-Hong Bae, York University
Seung-Bo Kim, Korea Research Institute for Vocational Education and Training
Woochan Kim, KDI School of Public Policy and Management

Discussant: Andrei Kuznetsov, University of Central Lancashire

The Impact of Concentrated Ownership on Firm Performance in an Emerging Market: Evidence from Russia
Andrei Kuznetsov, University of Central Lancashire
Rostislav Kapelyushnikov, the Russian Academy of Sciences
Natalya Dyomina, the Russian Economic Barometer

Discussant: John Nowland, City University of Hong Kong

2B Shareholder Rights and Corporate Control
Chair: Assaf Hamdani, the Hebrew University

Do Shareholder Rights Matter? Evidence from a Quasi-Natural Experiment
Jun “QJ” Qian, Boston University
Shan Zhao, Shanghai University

Discussant: Bin Ke, Nanyang Technological University

Does Granting Minority Shareholders Direct Control over Corporate Decisions Help Reduce Value Decreasing Corporate Decisions?
Zhihong Chen, City University of Hong Kong
Bin Ke, Nanyang Technological University
Zhifeng Yang, City University of Hong Kong

Discussant: Assaf Hamdani, the Hebrew University

Institutional Investors as Minority Shareholders
Assaf Hamdani, the Hebrew University
Yishay Yafeh, the Hebrew University

Discussant: Shan Zhao, Shanghai University

3A: Special Session I - Green Financing and Corporate Social Responsibility
Chair: Kenneth Amaeshi, University of Edinburgh

Valuation of Green Projects with Social Considerations
Hyoung Goo Kang, Hanyang University

Discussant: Jon J. Moon, Korea University

Foreign Investment, Export, and Greener Production in Emerging Economies ? Evidence from Shanghai
Liguo Lin, Shanghai University of Finance and Economics
Jon J. Moon, Korea University
Haitao Yin, Shanghai Jiao Tong University

Discussant: Kenneth Amaeshi, University of Edinburgh

Corporate Social Responsibility as a Market Governance Mechanism: Any Implications for Corporate Governance in Emerging Economies?
Kenneth Amaeshi, University of Edinburgh
Onyeka K, Osuji, University of Exeter
Jonathan P. Doh, Villanova University

Discussant: Hyoung Goo Kang, Hanyang University

3B: Special Session II - Green Financing and Emerging Economy Issues (no discussants for this session)
Chair: Shamim S. Mondal, Alliance University School of Business

Green Financing in Korea
Deokkyo Oh , Korea Corporate Governance Service

Corporate Social Responsibility, the Role of Stakeholders and Sustainable Development
Muhammad Asif Paryani, Institute of Cost & Management Accountants of Pakistan

Emerging of Financial-Industrial Groups due to Post-1989 Changes in the Czech Republic and Slovakia
Danes Brzica, Slovak Academy of Sciences

Rights Issues and Creeping Acquisitions in India
Shamim S. Mondal Alliance University School of Business
Gaurav Jetley, Analysis Group, Inc

DAY 2

May 29, 2011 (Sunday) : LG-POSCO Bldg, Korea University Business School

4A CEO and the Board of Directors
Chair: Melsa Ararat, Sabanci University

How Does The Director's Social Network Matter? Evidence from Structure Estimation
Qianru Qi, Fudan University
Lu Xu, Fudan University

Discussant: Joonho Hwang, Korea University

Effects of Independent and Friendly Outside Directors
Sung Wook Joh, Seoul National University
Jin Young Jung, Seoul National University

Discussant: Burcin Yurtoglu, WHU ? Otto Beisheim School of Management

The Effects of Board Independence in Controlled Firms: Evidence from Turkey
Melsa Ararat, Sabanci University
Hakan Orbay, Sabanci University
Burcin Yurtoglu, WHU ? Otto Beisheim School of Management

Discussant: Lu Xu, Fudan University

4B: Capital Markets and Corporate Governance
Chair: David McLean, University of Alberta

Is Cross-Listing a Commitment Mechanism? Evidence from Cross-Listings around the World
Jaiho Chung , Korea University
Hyejin Cho , Korea University
Woojin Kim , Korea University

Discussant: Vijaya Marisetty, RMIT University

Private Placements, Regulatory Restrictions and Firm Value: Theory and Evidence from the Indian Market
Vijaya Marisetty, RMIT University

Discussant: Mengxin Zhao, University of Alberta

How do Firms Issue Shares? Evidence from Around the World
David McLean, University of Alberta
Tianyu Zhang, City University of Hong Kong
Mengxin Zhao, University of Alberta

Discussant: Jaiho Chung , Korea University

4C Governance of Business Groups
Chair: Yishay Yafeh, the Hebrew University

Business Group's Diversification and Firm Value: a Comparison of Pakistani Business Group Affiliated and Unaffiliated Firm
Raheel Gohar, NUST Business School
Semra Karacaer, Hacettepe University

Discussant: Ayse Karaevli, Sabanci University

Insider Control, Group Affiliation and Earnings Management in Emerging Economies: Evidence from India
Kaustav Sen, Pace University
Jayati Sarkar, Indira Gandhi Institute of Development Research
Subrata Sarkar, Indira Gandhi Institute of Development Research

Discussant: Raheel Gohar, NUST Business School

Strategic Change or Dejavu? Why do Business Groups Still Unrelatedly Diversify in Emerging Markets?
Ayse Karaevli, Sabanci Univers ity

Discussant: Yishay Yafeh, the Hebrew University

5A: Market for Control
Chair: Jun-Koo Kang, Nanyang Technological University

Market for Corporate Control in Emerging Economy: Disciplining Mechanism or Tunnelling Device?
Hee Sub Byun , Korea University
Woojin Kim , Korea University
Eun Jung Lee, Hanyang University
Kyung Suh Park , Korea University

Discussant: Natasha Burns, University of Texas at San Antonio

The Impact of U.S. Takeovers in Foreign Markets: Their Differential Effects on Emerging and Developed Markets
Natasha Burns, University of Texas at San Antonio
Ivonne Liebenberg, University of Mississippi

Discussant: Shams Pathan, Queensland University

Anti-Takeover Charter Amendments and Managerial Entrenchment: Evidence from Korea
Woochan Kim, KDI School of Public Policy and Management
Sunwoo Hwang, KDI School of Public Policy and Management

Discussant: Woojin Kim , Korea University

5B: Corporate Governance Mechanisms and Corporate Decision
Chair: Vitaliy Zheka, Lviv Academy of Commerce

Does One Size Fit All in Corporate Governance? Evidence from Brazil (and other BRIK Countries)
Bernard S. Black, Northwestern University
Antonio Gledson de Carvalho, Fundacao Getulio Vargas
Erica Gorga, Fundacao Getulio Vargas

Discussant: Zacharias Sautner, University of Amsterdam

Behind the Scenes: The Corporate Governance Preferences of Institutional Investors Abstract
Joseph A. McCahery, Tilburg University
Zacharias Sautner, University of Amsterdam
Laura T. Starks, University of Texas at Austin

Discussant: Vitaliy Zheka, Lviv Academy of Commerce

The Impact of Corporate Governance Practices on Dynamic Adjustment of Capital Structure of Companies in Ukraine
Vitaliy Zheka, Lviv Academy of Commerce

Discussant: Antonio Gledson de Carvalho, Fundacao Getulio Vargas

5C: Agency problem and Managerial Incentive
Chair: David Oesch, New York University

Expropriation of minority shareholders in politically connected firms
Meijun Qian, National University of Singapore
Hongbo Pan, Wuhan University
Bernard Yeung, National University of Singapore

Discussant: Yang Qing, Fudan University

The Impact of the Split-share Structure Reform on Compensation Incentive Based on Firm Performance in China
Yang Qing, Fudan University
Burcin Yurtoglu, University of Vienna

Discussant: David Oesch, New York University

Cash Holdings and Corporate Governance around the World
David Oesch, New York University
Manuel Ammann, University of St. Gallen
Markus M. Schmid, University of Mannheim

Discussant: Meijun Qian, National University of Singapore