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, Executive Director, Applied Finance Institute & Alois J. Theis Endowed Chair in Global Finance, St. John's University

Practitioner Insight Coordinator: Mikael Bergbrant, Assistant Professor of Finance, 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 Commission on Taxation

Discussant: Richard Herron, Babson College

Executive Compensation and Aspirational Peer Benchmarkingg
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 T. Shea
Former Vice Chairman and Chief Executive Officer, Investment Services
BNY Mellon

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

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

 

Keynote Speaker

Brian SheaBrian T. Shea
Former Vice Chairman and Chief Executive Officer, Investment Services
BNY Mellon

Brian Shea is the former Vice Chairman of BNY Mellon and a member of the BNY Mellon Executive Committee. He was also Chief Executive Officer of BNY Mellon Investment Services, which comprises the following businesses: Alternative Investment Services, Asset Servicing, Broker-Dealer Services (U.S. government securities clearance and tri-party repo collateral servicing), Clearing Services (Pershing), Corporate Trust, Depositary Receipts and Treasury Services. Brian also oversees Client Service Delivery (operations), client adoption of the BNY Mellon NEXENSM digital investment platform, and leads the Business Improvement Process for the company. Previously, Brian was chairman and CEO of Pershing LLC, a BNY Mellon company, and led all Pershing affiliates globally.

Brian earned a Bachelor of Science in Business Management from St. John’s University and a Master of Business Administration in Finance from Pace University. He holds an Honorary Doctorate in Commercial Science from St. John’s University. He also completed the SIFMA Securities Industry Institute program at the Wharton School of the University of Pennsylvania.

#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.