球探篮球比分,竞彩足球比分

Date: June 7, 2013, Friday

Venue: Chinese Academy of Finance and Development, Central University of Finance and Economics, 39 South College Rd, Academic Hall, Room 202

球探篮球比分,竞彩足球比分，中国金融发展研究院

北京海淀区学院南路39号，学术会堂202会议室

Forum chair: Professor Kalok Chan (Hong Kong University of Science and Technology)

Keynote speaker: Professor Robert Hodrick (Columbia University)

08:00-08:30 Sign in

08:30-08:45 Welcome remarks (CUFE leaders)

08:45-08:50 Photo taking (organizers, presenters & discussants)

08:50-09:00 Opening remarks, Kalok Chan (HKUST), Forum chair

09:00-09:45

“Macroeconomic risks and asset pricing: evidence from a dynamic stochastic general equilibrium model”(download)

Erica Li* (CKGSB), Haitao Li (CKGSB), and Cindy Yu (CKGSB)

Discussant: Yong Li (Renmin University of China)

09:45-10:30

“Imperfect competition, long lived private information, and the implications for the competition of high frequency trading”(download)

Su Li (Renmin University of China)

Discussant: Yi Xue (University of International Business and Economics)

10:30-10:45 Tea break

10:45-11:30

“Analyst coverage and two volatility puzzles in the cross section of returns”(download)

Thomas George (Houston), and Chuan-Yang Hwang* (NTU)

Discussant: Qi Shang (Renmin University of China)

11:30-12:15

“Political uncertainty and public financing cost: evidence from U.S. gubernatorial elections and municipal bond markets”(download)

Pengjie Gao (Notre Dame), and Yaxuan Qi* (City University of HK and Concordia)

Discussant: Si Li (Wilfrid Laurier and Tsinghua)

12:15-13:45 Lunch

Keynote speech: Conditional asset pricing

Robert Hodrick (Columbia University)

Afternoon Sessions

Session A: Room 702

Chair: Chuan-Yang Hwang (Nanyang Technological University)

14:00-14:45

“The variation of momentum profitability across accrual groups” (download)

Ming Gu* (Renmin University of China), and Yangru Wu (Rutgers and CUFE)

Discussant: Jinliang Li (Tsinghua University)

14:45-15:30

“Can investment shocks explain the cross-section of stock returns?”(download)

Lorenzo Garlappi (UBC), and Zhongzhi Song* (CKGSB)

Discussant: Ping He (Tsinghua University)

15:30-15:45 Tea break

Session B: Room 702

Chair: Ke Tang (Renmin University of China)

15:45-16:30

“An empirical comparison of non-traded and traded factors in asset pricing”(download)

Lei Jiang* (Tsinghua University), and Zhaoguo Zhan (Tsinghua University)

Discussant: Ke Tang (Renmin University of China)

16:30-17:15

“Forecasting government bond risk premia using technical indicators”(download)

Jeremy Goh (SMU), Fuwei Jiang*(SMU), Jun Tu (SMU), and Guofu Zhou (Washington)

Discussant: Xiaoneng Zhu (CUFE)

Session C: Room 706

Chair: Jimmy Ran (CUFE)

14:00-14:45

“Legal shareholder protection and corporate R&D investment”(download)

Gang Xiao (Renmin University of China)

Discussant: Yaxuan Qi (City University of HK and Concordia)

14:45-15:30

“Innovation efficiency, global diversification, and firm Value”(download)

Julia Chou (Florida International University), and Wenlian Gao* (CUFE)

Discussant: Huili Chang (University of Hong Kong)

15:30-15:45 Tea break

Session D: Room 706

Chair: Yangru Wu (CUFE)

15:45-16:30

“Testing the pecking order theory with financial constraints”(download)

Huili Chang* (HKU), and Frank Song (HKU and PKU)

Discussant: Shenghui Tong (CUFE)

16:30-17:15

“Does improved disclosure lead to higher executive compensation - evidence from two opposing accounting and auditing standards rule changes”(download)

Jun Lu* (CUFE) and Zhen Shi (Georgia State)

Discussant: Jinghong Shu (University of International Business and Economics)

17:30 Dinner party (by invitation)

Note: “*” denotes the presenter.

[编辑]：孙颖