23rd Australasian Finance & Banking Conference

The 23rd Australasian Finance and Banking Conference was held from 15-17 December, 2010 at the Shangri-La Hotel in Sydney. A PhD Forum was held on Tuesday 14 December 2010 at UNSW.

2010 prize winners

• BlackRock Research Award
  Vijay Yadav, Portfolio Matching by Multiple-Fund Managers: Effects on Fund Performance and Flows
• BankScope Prize
  Suman Banerjee and Thomas Noe, Legal-System Arbitrage and MNC Capital Structure
• SIRCA Research Prize
  Renée Adams, Stephen Gray, and John Nowland, Is there a Business Case for Female Directors? Evidence from the Market Reaction to All New Director Appointments
• Australian Securities Exchange PrizePeter MacKay and Sara Moeller, Corporate Risk Management: The Hedging Footprint

2010 PhD forum prize winners:

Prizes were awarded for the top three papers presented at the PhD Forum.

• 1st prize
  Shage Zhang, Compensation Gap Among Top Executives:Tournament Competition, Marginal Productivity Differentials, or Governance Failure?
• 2nd prize
  Sjoerd van Bekkum, Risk Incentives and Agency Problems in the U.S. Financial Sector: Examining Downside Risk from 2007 to 2010
• 3rd prize
  

  Huasheng Gao and Xin Deng, Do Nonmonetary Benefit Matter for Corporate Executives? Evidence from the Pay Premium for Quality of Life

Keynote speakers

• Robert Engle, New York University
• Harrison Hong, Princeton University
• Lubos Pastor, University of Chicago
• Henri Servaes, London Business School
• Avanidhar Subrahmanyam, UCLA

Business forum

Forum topic: Global and Regional (Asia Pacific) Financial Markets and Regulation.

Guest speakers included:

• Professor Jenny Corbett, Australia-Japan Research Centre - The Role of Banks in Transmitting the GFC in East Asia
• Dr Guy Debelle, Assistant Governor of the Reserve Bank - Bank Funding and Capital Flows
• Professor Robert Engle (The Nobel Laureate), New York University - Banks Systemic Risks Rankings
• Professor Joseph Fan, Chinese University of Hong Kong - The Great Succession Challenges of Asian Business
• Dr Ken Henry, Secretary to the Treasury - The Australian Banking System – Challenges in the Post Global Financial Crisis Environment
• Professor Shang-Jin Wei, Columbia Business School - Pitfalls in Assessing Exchange Rate Undervaluation 

Selection Committee

The Chairman of the Selection Committee is Fariborz Moshirian from UNSW.

Members of the Selection Committee include:

• Renee Adams, University of Queensland
• Allen Berger, University of South Carolina 
• Michael Brennan, University of California LA
• Stijn Claessens, International Monetary Fund 
• J David Cummins, Temple University 
• Asli Demirguc, Kunt World Bank
• Robert Faff, University of Queensland
• Mark Flannery, University of Florida
• Kenneth French, Dartmouth University
• Bruce Grundy, University of Melbourne 
• Steven Kaplan, The University of Chicago 
• Andrew Karolyi, Cornell University 
• Larry H. P. Lang, Chinese University of Hong Kong
• Florencio Lopez De Silanes, EDHEC Business School 
• Ike Mathur, Southern Illinois University
• Ronald Masulis, Vanderbilt University
• Maureen O'Hara, Cornell University 
• Jay Ritter, University of Florida
• Richard Roll, UCLA
• Anthony Saunders, New York University
• Henri Servaes, London Business School 
• Andrei Shleifer, Harvard University 
• Tom Smith, Australian National University
• Bruno Solnik, HEC School of Management
• Avanidhar Subrahmanyam, UCLA 
• Paul Wachtel, New York University
    

Journal of Banking & Finance

A special issue of the Journal of Banking and Finance on “Post Global Financial Crisis: Markets, Institutions, Corporate Governance, and Regulation” will include selected papers presented at the AFBC.