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5 2012 5 25() 26() KB

. FP 4,

. 27 78

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KB , ,

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2012 5

: 2012 5 25() ~ 26() : KB ( )

2012 5 25() :

10 : 00 ~ 12 : 00

12 : 00 ~ 13 : 00

13 : 00 ~ 14 : 30 (6 ) (1 )

14 : 40 ~ 16 : 10 (7 ) (1 )

16 : 20 ~ 16 : 40 ( )

16 : 40 ~ 18 : 10

: : ( ) : ( ) : ( )

( )( )( )( )( )

18 : 20 ~ 20 : 30

- () -

2012 5 26() :

07 : 00 ~ 08 : 00 09 : 00 ~ 10 : 30 (7 )10 : 40 ~ 12 : 10 (7 )12 : 20 ~ 13 : 20 /13 : 30 ~ KB

Session (5 25() 13:00 ~ 14:30) 1 1 : ()

()

()()

:

()

()()

(IPO)

()

(Texas State Univ.)()

Bank Revolving Line and Vendor Financing

in Corporate Debt Market: Screening Model

and Empirical Evidence

2 1 : ()

()

()()

Fund Concentration and Its Determinants in

the Korean Active Fund Market

()

()()

(KAIST)

(KAIST)

()

(KAIST)

()

3/ 1 : ()

()

()(POSTECH) A Systematic Diagnosis of Systemic Risk

()

(KAIST)

(KAIST)

(Univ. of Neuchtel)

() Time-Varying Expected Momentum Profits

4/ 2 : ()

() ()

()

()()

()

()

()

()(Vanna-Volga)

1 : ()

(KAIST)

(KAIST)(POSTECH)

Forecasting Carbon Futures Volatility:

The Predictive Power of GARCH Models

with Energy Volatilities

()

()() ELW LP

()

()()

Sovereign Credit Risk, Macroeconomic Variables

and Change of Market Conditions

()

()()

Asymmetric Information Flow between Industry

Sectors in Korean Stock Market using Symbolic

Transfer Entropy

5 : ( )

( ) ( )

( ) :

( ) ( )

( ) :

( ) ( )

( )

( ) ( )

( )

6 FP 1 : ( )

Kristy L. Archuleta(Kansas State Univ.)

( )Financial Therapy: A New Area of Research,Practice, & Collaboration

John E. Grable(Univ. of Georgia)

Sonya L. Britt(Kansas State Univ.)

( )Financial News and Client Stress:Understanding the Association from a FinancialPlanning Perspective

Session (5 25 ( ) 14:40 ~ 16:10) 7 2 : ( )

( ) ( ) IPO

Pornsit Jiraporn(Pennsylvania State Univ.)

(Northern Kentucky Univ./

)

( )Analyst Following, Board Classification, andManagerial Entrenchment

( ) ( ) ( )

( )

8 3 : ()

()

()()

()

()()

Different Motives and Different Market Reactions

to Convertible Bonds and Bonds with Warrants

Issuance in Korea

Martin J. Dierker(KAIST)

(Nanyang Technological Univ.)

(KAIST)

(KAIST)

()Do Firms Adjust Their Capital Structures to

Control Their Risks?

9 2 : ()

()

()

()

()

:

()

()()

Informed Trading before Positive vs. Negative

Earnings Surprises

() ()

10 3 : ()

()

()

()

()A Dark Side of International Diversification:

Implications for Inefficient Portfolio Holders

()

()()

Analysis of Bond Fund: Macro Factor-Model

Approach

(KAIST)

(Univ. of Wisconsin)() Super-size Banks: Efficiency or Moral Hazard

11 4 : (KAIST)

(KAIST)

(KAIST)()

The Role of High Frequency Traders in

Electronic Limit Order Markets

Michael Brennan

(Univ. of California)

(SUNY at Buffalo)

Avanidhar Subrahmanyam

(Univ. of California)

() An Analysis of the Amihud Illiquidity Premium

() ()Discount-Rate Uncertainty, Holding Period, and

the Cross-Section of Stock Returns

12 5 : ()

(KAIST)

(KAIST)

()

()Liquidity Risk and Expected Stock Returns in

Korea: A New Approach

(Univ. of Memphis)

(Univ. of Memphis)()

Investor Disagreement on Corporate Spin-Offs

News: Confluence of Trading Volume and

Abnormal Return

()

()

()

(KAIST)Statistical Properties of Order Books in the

KOSPI200 Futures Market

13/ 3 : ()

()

()(KAIST)

KOSPI200 CBOE SKEW

INDEX VIX S&P500 -

:

()

()

(Univ. of Illinois at

Urbana)

CDS

2 : ()

(KAIST)

(KAIST)

()

Adverse Stock Return Shocks and Capital

Structure

()

()()

()

()() Bank Competition and Liquidity Creation

Session (5 26() 09:00 ~ 10:30) 14 4 : ()

(Temple Univ.)

(Temple Univ.)()

Reputation and Real Earnings Management in

Business Groups

Stephen P. Ferris

(Univ. of Missouri)

()

(KAIST)

David T. Yi(Xavier Univ.)

()Gold, Silver, Bronze or Tin? The Short and Long

Term Effects of Mega Sporting Events

() ()

15 5 : ()

()

()

()

()

()

()()

Cash Holdings, Corporate Governance, and

Acquirer Returns

(York Univ.)

(Rutgers Univ.)

Yang Ni

(Shanghai Jiao Tong Univ.)

()Firm-Specific Variation and the Informational

Efficiency of Prices

16 6 : () : (Univ. of Regina)

Jonathan M. Karpoff

(Univ. of Washington)

(Seton Hall Univ.)

Ronald W. Masulis

(Univ. of New South Wales)

(Rutgers Univ.)

Lockup Agreements in Seasoned Equity Offerings:

Evidence of Optimal Contracting

William C. Johnson

(Univ. of New Hampshire)

(Nanyang Technological Univ.)

Ronald W. Masulis

(Univ. of New South Wales)

()

(Seton Hall Univ.)

Supply-Chain Spillover Effects and the Inter-

dependence of Firm Financing Decisions

()

()

(Temple Univ.)

17/ 4 : ()

()

()

()

(KAIST)

(Univ. of Illinois at Urbana) ()

()

()

()

()

()

()

()How To Prepare For Retirement? Optimal Saving,

Labor Supply, and Investment Strategy

18 6 : (Baylor Univ.)

April M. Knill

(Florida State Univ.)

(Florida State Univ.)

()Information Asymmetry and the Timing of Capital

Issuance: An International Examination

()

(SUNY at Buffalo)

Who Beats the Market?: Studies on Asymmetric

Move, Size, and Fear

(KAIST)

(DePaul Univ.)

(KAIST)

()Investor Continuing Overreaction and the

Cross-Section of Stock Returns

19/ 5 : ()

()

()()

Homotopy Analysis Method for Option Pricing

under Stochastic Volatility

()

()

()

()

()

()

()

()Knowledge Asymmetry and Issuer Behavior:

The case of retail structured equity product

20 : ()

()

()()

A Historical Perspective on Finance: Creative

Destruction Versus Destructive Creation

()

()

()

()

() :

()()

Session (5 26() 10:40 ~ 12:10) 21 7 : ()

()()

(Univ. of Wisconsin)

:

() ()Determinants of Leverage for Manufacturing Firms Listed in the KOSDAQ Stock Market

() ()

()

22 8 : ()

()()

(Florida State Univ.)

()()

()

23 7 : ()

()()

()

()()

(Univ. of Memphis)

()()

() :

24 8 : ()

() ()

()()

()KOSPI200

()()

(KAIST)

25 9 : ( )

(George Washington Univ.)

()

()

() Ambiguity, Overconfidence, and Excess Arbitrage

( )

( )() CAPM

( )

( )()

Investor Sentiment from Internet Message Postings

and Predictability of Stock Returns

26 / 6 : ( )

( ) ( )Investigating Nonlinearities in US Oil Markets

using Threshold Cointegration

( ) ( ) ARJI GARCH

( ) ( ) How is Overnight Information Working?

27 FP 2 : ( )

( )

( )

( )

( )

( )

( )

( )

( )

( )

( )

( ) ( ) :

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