27th Australasian Finance and Banking Conference

The 27th Australasian Finance and Banking Conference was held 16 – 18 December 2014 at the Shangri-la Hotel, Sydney. The PhD Forum was held 15 December 2014 at the Shangri-la Hotel, Sydney.

Prize winners

PhD Forum – 1st Prize

Awarded to the best paper presented at the PhD Forum.
A Revenue-Sharing Theory of the Firm

  • Jiasun Li, UCLA Anderson School of Management

PhD Forum – 2nd Prize

Awarded to the second best paper presented at the PhD Forum.
Knowledge Network and the Cross-Section of Expected Returns

  • Kevin Tseng, Northwestern University

PhD Forum – 3rd Prize

Awarded to the third best paper presented at the PhD Forum
Rise of a Network - Political Connections and Allocative Distortions

  • David Schoenherr, London Business School

BlackRock Prize

Awarded to the best paper presented on Capital Markets / Funds Management / Mutual Funds
How Constraining Are Limits to Arbitrage?

  • Alexander Ljungqvist, New York University
  • Wenlan Qian, National University of Singapore

ASX Prize

Awarded to the best paper presented on Derivatives / Quantitative finance.
Consumption and Portfolio Choice Under Loss Aversion and Endogenous Updating of the Reference Level

  • Servaas van Bilsen, Tilburg University
  • Roger Laeven, University of Amsterdam
  • Theo Nijman, Tilburg University

and

Any Silver Linings? The London Silver Fixing's Impact on Public Silver Markets Before and After the Introduction of Contemporaneous Futures Trading

  • Andrew Caminschi, University of Western Australia

Zephyr Prize

Awarded for the best Corporate Finance paper.
Reporting and Non-Reporting Incentives in Leasing: Evidence from the Airline Industry

  • Judson Caskey, University of Texas at Austin
  • Naim Bugra Ozel, University of California, Los Angeles

BankScope Prize

Awarded for the best paper in Banking.
Crisis Performance of European Banks – Does Management Ownership Matter?

  • Hanna Ulrika Westman, Bank of Finland

CFA Institute Research Award

Awarded to the best paper presented on investment management research.
Cross-Sectional and Intertemporal Forecast Dispersion, Risk, and Stock Returns

  • Dongcheol Kim, Korea University
  • Haejung Na, Korea University

Keynote Speakers

  • Professor Geert Bekaert, Columbia University – Home Bias and International Diversification
  • Professor Douglas Diamond, University of Chicago - Bank Liquidity Requirements and Financial Stability
  • Professor John Griffin, University of Texas at Austin – The Forensic Side of the Financial Crisis
  • Professor Andrew Karolyi, Cornell University – Cracking the Emerging Markets Enigma
  • Professor Eduardo Schwartz, UCLA – The Real Options Approach to Valuation: Challenges and Opportunities

Selection committee

Members of the Selection Committee include:

Renée Adams, University of New South Wales
Allen Berger, University of South Carolina
Ekkehart Boehmer, EDHEC
Claudio Borio, Bank for International Settlements
Michael Brennan, University of California LA
Stijn Claessens, International Monetary Fund
J. David Cummins, Temple University
Asli Demirguc-Kunt, World Bank
Douglas Diamond, University of Chicago
Jin-Chuan Duan, National University of Singapore
Robert Faff, University of Queensland
Joseph Fan, Chinese University of Hong Kong
Mark Flannery, University of Florida
Kenneth French, Dartmouth University
Bruce Grundy, University of Melbourne
Robert Jarrow, Cornell University
Kose John, New York University
Andrew Karolyi, Cornell University
Larry H. P. Lang, Chinese University of Hong Kong
Deborah Lucas, MIT
Ronald Masulis, University of New South Wales
Vikram Nanda, Rutgers University
Maureen O'Hara, Cornell University
Terrance Odean, University of California, Berkeley
Jay Ritter, University of Florida
Richard Roll, UCLA
Anthony Saunders, New York University
Henri Servaes, London Business School
Andrei Shleifer, Harvard University
Tom Smith, University of Queensland
Bruno Solnik, HEC School of Management
Rene Stulz, Ohio State University
Avanidhar Subrahmanyam, UCLA
Xuan Tian, Indiana University
Chu Zhang, Hong Kong University of Science and Technology

All submitted papers undergo a peer review process before being accepted for presentation at the AFBC. Full papers undergo a blind review process by a selection committee independent of the author. Conference proceedings are via SSRN.

Further enquiries

For any further information or questions please email us at bankconf@unsw.edu.au.