2018 Applied Finance Conference

11 May 2018
St. John’s Manhattan Campus | New York, NY

NYCThe 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)
Click to register.

Sessions

8:00 am -

8:30 am

Conference Registration and Continental Breakfast

SESSION 1

8:30 am -

10:15 am

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)

SESSION 2

8:30 am - 

10:15 am

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

10:15 am - 10:30 am

Coffee Break

SESSION 3

10:30 am - 11:30 am

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.

11:45 am - 12:45 pm

KEYNOTE ADDRESS
"Creating Value in a Changing Investment Landscape"

Brian SheaBrian 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. 

12:45 pm - 2:00 pm

LUNCHEON

SESSION 4

2:00 pm -

3:00 pm

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
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

Ajay Patel, Professor and Thomas S Goho Chair in Finance 
Wake Forest University

3:00 pm - 3:15 pm

COFFEE BREAK

SESSION 5

3:15 pm - 

5:00 pm

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

SESSION 6

3:15 pm -

5:00 pm

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

5:30 pm - 6:30 pm*

RECEPTION

 


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 bsn-orleans@usf.edu. 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.