2008 FMA European Conference Keynote Address by John McConnell Emanuel T Weiler Distinguished Professor of Management In countries where the threat of political extraction is higher, it is hypothesized that firms will hold a lower fraction of their assets in liquid form. The far-reaching implications of this hypothesis are identified in this video presentation.

Special Panel Presentations

Behavioral Finance This panel discussion discusses the past and future of behavioral finance. Emphasis is placed on future "where is behavioral finance headed" through experiments, surveys, and interviews. Moderator: Sotiris Staikouras, Cass Business School Panelists Hersh Shefrin, Santa Clara University Werner DeBondt, DePaul University Gulnur Muradoglu, Cass Business School

Privatization in Emerging Economies Leading researchers in the area of privatization present "The Political Determinants of the Cost of Equity", "Auditor Choice in Privitized Firms", and "The Financial Impact of Impact of Sovereign Wealth Fund Investments in Listed Companies" Moderator: William Megginson, Universite Paris Dauphine & University of Oklahoma Presentations The Political Determinants of the Cost of Equity: Evidence from Newly Privatized Firms Hamdi Ben Nasr, Laval University Narjess Boubakri, HEC Montreal & American University of Sharjah Jean-Claude Cosset, HEC Montreal Auditor Choice in Privatized Firms: Empirical Evidence on the Role of State and Foreign Owners Omrane Guedhami, University of South Carolina Jeffrey Pittman, Hong Kong University of Science and Technology Walid Saffar, HEC Montreal The Financial Impact of Sovereign Wealth Fund Investments in Listed Companies Veljko Fotak, University of Oklahoma William Megginson, Universite Paris Dauphine University of Oklahoma

IPOs This thought-provoking session will begin with a general overview of IPOs and raising capital, then address special issues that have arisen as countries try to privatize various assets and raise the capital to support the privatization. The role of exchanges in raising capital in emerging economies and the special challenges inherent therein will be explored. The panel discussion will conclude with an overview of what has worked and what has not. Moderator: Jan Hanousek, CERGE-EI Panelists Cynthia Campbell, Iowa State University William Megginson, Universite Paris Dauphine & University of Oklahoma Petr Koblic, Prague Stock Exchange

INFINITI Conference on International Finance Trinity College, Dublin

Keynote Address Barry Eichengreen, George C and Helen N Pardee Professor of Economics & Political Science UC Berkeley The Collapse of the Euro Area

Keynote Address Maureen O'Hara, Robert W Purcell Professor of Management Cornell University Ambiguity in Financial Markets Of special relevance given current world conditions, Dr. O'Hara explores the long-term apathy of individual investors' toward participation in financial markets.

2008 Eastern Finance Association Annual Meeting

Keynote Address Ralph Walkling Drexel University Enron - Tyco - Worldcom - ImClone -- It's not hard to figure out why corporate governance is a hot topic. Dr. Walkling uses these headline-making failures to explore how corporate governance should evolve.

Special Session on Using SEC Filing Dates in Empirical Studies (two part video series) Moderator: Mireia Gine, University of Pennsylvania Panelist: Joshua Livnat, New York University → Part One → Part Two

2007 FMA Annual Meeting Orlando, Florida

Keynote Address Robert Engle, Michael Armellino Professor of Finance, New York University 2003 Nobel Prize in Economics Recipient Anticipating Correlations Why Do We Need Correlations? Are Correlations Time-Varying? Nobel prize winner Rob Engle answers these questions as only he can.

2007 Outstanding Financial Executive Award Address Robert Monks, publisher of www.ragm.com Robert Monks, publisher of www.ragm.com hypothesizes on the future of Corporate Governance - Where do We Come From? Who Are We? Where Are We Going?

Special Session Bridging the Gap: Academic Research and Practitioner Decisions Moderator Rawley Thomas, LifeCycle Returns Panelists Paul Kaplan, Morningstar Steve Davidson, Securities Industry and Financial Markets Association Kevin Roth, Association for Financial Professionals

2007 FMA Members' and Friends' Presentation The Iowa Electronic Markets Robert Anderson, Dean, University of South Florida

2007 FMA Doctoral Student Consortium Panel Presentations

Windows Media Player (Video) Presentations

Jennifer Conrad, UNC Chapel Hill Relaxing Assumptions in Asset Pricing	Laura Starks, University of Texas Austin The Influence of Institutional Investors on Financial Markets through their Trading & Governance Monitoring	Ron Masulis, Vanderbilt University Perspectives on Corporate Finance Research
Bill Christie, Vanderbilt University At Crossed Swords: Views from an Associate Dean and Editor	Tony Bernardo, UCLA The Capital Budgeting Process	Ivo Welch, Brown University How to Build a Research Agenda

PowerPoint Slides

Jennifer Conrad, UNC Chapel Hill Relaxing Assumptions in Asset Pricing

Laura Starks, University of Texas Austin The Influence of Institutional Investors on Financial Markets through their Trading & Governance Monitoring

Ron Masulis, Vanderbilt University Perspectives on Corporate Finance Research

Tony Bernardo, UCLA The Capital Budgeting Process

Ivo Welch, Brown University How to Build a Research Agenda

Financial Education Topics

On the Relation between Intellectual Collaboration and Intellectual Output: Evidence from the Finance Academe The relation between intellectual collaboration and the quality of the intellectual output using academic papers published in prestigious finance journals during 1988-2005 is explored, with interesting results .. That "too many cooks spoil the broth". Kee H Chung, University at Buffalo, SUNY Raymond AK Cox, University of Ontario Institute of Technology Kenneth A Kim, University at Buffalo, SUNY

Learning while Doing: Applying Team-Based Learning in a Finance Course Today, finance faculty is called upon to help students develop teamwork and communication skills at the same time. How do successful faculty rise to this challenge? Miranda Lam, Salem State College

A Litigation Support Course in the Finance and Accounting Curriculum The course, its projects, its pedagogical setting and future improvements to the University of Baltimore's cross-disciplinary litigation support course is presented. Joel N. Morse, University of Baltimore Lawrie Gardner, Anne Arundel Community College

Finance Professors' Use of Case Discussion Leadership at Harvard and Darden MBA Programs: Qualities of a Successful Case Discussion Leader Although many MBA programs use the case method of instruction in their programs, a relatively small literature base exists to provide MBA professors with a philosophical explanation and guide for its use. This study builds on the theory of case discussion leadership, which is a leadership style and philosophy of teaching and learning while using cases, rather than simply a pedagogical methodology. Rachel A Smith, University of Indianapolis

Journal of Applied Finance We are delighted to be the new editors for the Journal of Applied Finance (JAF). We want to thank Keith Howe and Ali Fatemi for their contributions to the journal as the prior editors; and we also thank the prior editorial board for their service to JAF. Our goal is for JAF to be a leading journal that bridges the gap between practitioners and academics. Solid scholarship and clear writing are necessary conditions for a paper to be published in JAF; another requirement is that the paper be relevant to practitioners. If we are successful, articles published in JAF will help practitioners work smarter and will provide academics with ideas for research and real-world applications for their classes. Regular features will include academic papers, practitioner contributions, roundtable discussions, case studies, survey and synthesis articles, interviews, and book reviews. We are particularly interested in survey and synthesis articles that provide the reader with an understanding of the current state of theory, empirical evidence and practice in a particular area. In that vein, we are also interested in clinical papers or case studies that describe specific events/actions or tutorials that make techniques or methods more accessible. We will actively support (and in some cases will sponsor) roundtable discussions involving both corporate executives and academics and surveys of practice. Finally, we plan to include reviews of professional business/finance books that are of interest to both academics and practitioners (i.e., not textbooks). Ramesh P. Rao, Paul C. Wise Chair Oklahoma State University Betty J, Simkins, Williams Cos. Professor of Business Oklahoma State University Charles Smithson, Founding Partner Rutter Associates LLC