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| Feature Presentations
"2005 FMA Doctoral Student Seminar" |
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Under the direction of Dr. Ronald Masulis, Vanderbilt University, the 2005 FMA Doctoral Student Seminar in Chicago offered student participants an unparalleled opportunity to interact with a distinguished panel of scholars through presentations and workshop sessions.
 Bonus Feature!
"Writing Tips for PhD Students"
John H. Cochrane
Myron B Scholes Professsor of Finance
University of Chicago |
| Dr. Cochrane offers a step-by-step tutorial on what comprises a well-written, well-received academic paper, beginning with the organization of the paper and following through to successful seminar presentations.
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Keynote Presentation
Cliff Smith, University of Rochester |
 Corporate Governance and Organizational Architecture
Cliff has research interests in the fields of corporate financial policy, derivative securities and financial intermediation. He has published 16 books and over 90 articles in leading finance and economics journals. Students in the Executive M.B.A. Program have given him their Superior Teaching Award 19 times; students in the M.B.A. Program have given him their Superior Teaching Award 10 times. In 2003, he received the FMA Fellows Award. He was named Distinguished Scholar by the Southern Finance Association in 2000, and Distinguished International Visiting Scholar by the British Accounting Association in 1991. In 1986, he was given the first Special Award for a Perfect Teaching Rating by the School; in 1983, he was chosen a University Mentor in recognition of his scholarship and teaching.
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Project Valuation: A Tutorial
Sheridan Titman, University of Texas Austin
Walter W McAllister Centennial Chair in Financial Services |
 Project valuation is one of the most important issues we think about in finance, but because it is more of a normative topic, it has attracted less research. Perhaps, because of this lack of research, with a few notable exceptions, we tend to teach valuation in much the same way that we did 20 years ago, and the gap between what we teach and what practitioners actually do has narrowed very little. Indeed, recent survey evidence indicates that the majority of firms continue to use the same discount rate for all investment projects they evaluate, and very few consider the value of flexibility and strategic options. This tutorial will describe the project selection and evaluation procedures that are used at a typical US corporation and will discuss how organizational issues affect their valuation procedures in general, and more specifically, the selection of discount rates.
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| A Roundtable Discussion on Valuation |
 Moderator
John Martin, Professor of Finance and Carr P. Collins Chair of Finance
Baylor University
Panelists
Tom Copeland, Senior Lecturer
MIT
Justin Pettit, Executive Director and Head of Strategic Advisory
UBS
Sheridan Titman, Walter W McAllister Centennial Chair in Financial Services
University of Texas
G Bennett Stewart II, Senior Partner
Stern, Stewart & Co
Stephen O'Byrne, Founder
ValueAdvisors
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| Sarbanes Oxley |
| The impact of Sarbanes-Oxley, costs and benefits, implementation challenges, and its impact on capital formation was addressed.
Moderator
Kathleen Weiss Hanley, Economic Fellow
US SEC
Panelists
E David Coolidge III, Vice Chairman
Wm. Blair & Company
David Mullen, Executive Vice President & CFO
NAVTEQ
Patrick McGurn, Executive Vice President
Institutional Shareholder Services
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| Bias in Discounted Cash Flow Valuation |
Moderator
Tom Copeland, Senior Fellow
MIT
Presentations
DCF Biases Related to Growth and Volatility
Thomas Copeland, Senior Lecturer, MIT
Does the Market Recognize the Impact of Off-Balance Sheet Items? The Case of Operating Leases
David Wessels, Adjunct Professor of Finance and Director of Executive Education, The Wharton School
Does Illiquidity Bias Stock Price?
Justin Pettit, Executive Director, Head Strategic Advisory, UBS
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| The Future of Corporate Governance Research |
This panel session presented and discussed the most exciting research issues in corporate governance and answered the questions:
- What are the research questions that are pressing to be answered?
- How is the profession addressing these issues?
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AACSB Faculty Conference on Learning
June 7 - 9 – St Petersburg, Florida
Teaching in the b-schools discipline has a unique set of challenges - and rewards. And now, AACSB has put together a NEW conference designed specifically for faculty.
→ Click here for more information |
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