Last updated: 11 April, 2019

Presenting authors are marked in red

Sunday 14 April, 2019

15:00 Registration
16:00 - 18:20
Session 1: Corporate Restructuring
Session 2: Asset Pricing
Chair: Panayiotis Andreou

Chair: Neophytos Lambertides

Public-to-Private Buyouts and Innovation
Authors: Monika Tarsalewska, Douglas Cumming, Rejo Peter
Discussant: Wasim Ahmad
The impact of additional capital raising on stock mispricing
Author: Winifred Huang
Discussant: Facundo Mercado
Target valuation and financial multiples in M&As: Assessing value drivers in the European ro-pax and ferry market
Authors: Giovanni Satta, Francesco Parola, Francesco Avallone, Francesco Vitellaro
Discussant: Andrzej Cieslik
Governance, Information Flow and Stock Returns: Evidence from a Natural Experiment
Authors: Ariadna Dumitrescu , Mohammed Zakriya
Discussant: Darren Duxbury
Determinants of international M&As: Market seeking or efficiency seeking?
Authors: Andrzej Cieslik, Monika Tarsalewska
Discussant: Dimitris Petmezas
Is Air-Quality a Risk Factor that Affects Stock Returns?
Authors: Yexiao Xu, Bo Liu
Discussant: Mustafa Caglayan
Corporate Governance, the Long-Term Orientation and the Risk of Financial Distress - Evidence from European Private Equity Backed Leveraged Buyout Transactions
Authors: Vladimiro Marini, Massimo Caratelli, Ilaria Barbaraci
Discussant: Jan - Michael Ross

Business Development Companies: Private Equity for Individual Investors?
Authors: Theodosis Kallenos, George Nishiotis
Discussant: Vasileios Kallinterakis

18:30 Welcome Reception

Monday 15 April, 2019

07:30 Registration
08:15 - 10:00
Session 3: Economic consequences of financial reporting practices
Session 4: Alternative Financing 
Session 5: Managerial Characteristics and Biases

Chair : Dionysia Dionysiou

Chair : Oleksandr Talavera

Chair : Darren Duxbury 
Compliance with pension-related mandatory disclosures and debt financing
Authors: Ioannis Tsalavoutas , Khadija Almaghrabi, Kwaku Opong
Discussant: Xiu - Ye Zharg
Herding behavior: Automatic versus Human Investors on Renrendai
Authors: Mustafa Caglayan, Oleksandr Talavera, Wei Zhang
Discussant: Samah El Hajjar
Clarifying managerial Biases using a Probabilistic Framework
Authors: Polina Ellina, Briance Mascarenhas, Panayiotis Theodossiou
Discussant : Dominika Galkiewicz
A disadvantage in IFRS adoption in the UK: the adverse consequences of IAS 38
Authors: Christina Dargenidou,Richard Jackson, Ioannis Tsalavoutas, Fanis Tsoligkas
Discussant: Seraina Anagnostopoulou
What does not kill us makes us stronger: the story of discouraged borrowers
Authors: Mustafa Caglayan, Oleksandr Talavera, Lin Xiong
Discussant: Sofia Anyfantaki
Manager Characteristics and Credit Derivative Use by U.S. Corporate Bond Funds
Authors: Dominika Galkiewicz, Li Ma
Discussant: Vladimiro Marini
Financial statement comparability and default risk
Authors : Dionysia Dionysiou, Paul Andrè, Ioannis Tsalavoutas
Discussant : Zhong Chen
Follow - on equity crowdfunding
Author: Aristogenis Lazos
Discussant: Theodosis Kallenos
CEO Overconfidence and the Probability of Corporate Failure: Evidence from the UK
Authors: Jingsi Leng, Aydin Ozkan, Neslihan Ozkan,Agnieszka Trzeciakiewicz
Discussant: Phill Holmes
10:00 - 10:30 Coffee Break
10:30 - 12:15
Session 6: IPO Perfomance
Session 7: The role of sentiment in financial markets
Session 8: Shipping Finance
Chair: Paulina Roszkowska Chair: Phil Holmes Chair: Photis Panayides
Underwriter Error and IPO Long-run Performance
Authors: George Loizides, Andreas Charitou, Irene Karamanou
Discussant: Fanis Tsoligkas
Investor sentiment, stock returns, and the role of the market regime
Authors: Wenzhao Wang, Chen Su, Darren Duxbury
Discussant:Winifred Huang
Investment Efficiency in the Transportation Industry
Authors: George Alexandridis, Kwok Wai Fung , Ilias D. Visvikis
Discussant: Dimitris Tsouknidis
Private Equity Fundraising Pressure and Earnings Management in IPOs
Authors: Dan Zhou, Wasim Ahmad, Ranko Jelic
Discussant: Geoffrey Wood
Do closed-end fund investors herd?
Authors: Vasileios Kallinterakis , Yueting Gui, Bartosz Gebka
Discussant: Thanos Verousis
Disentangling demand and supply shocks in the shipping freight market: their impact on net contracting
Authors: Nikos Nomikos, Dimitris Tsouknidis
Discussant: Giovanni Satta
Pension Funds and IPO Pricing. Evidence from a Natural Experiment
Authors: Paulina Roszkowska, Lukasz Langer, Piotr Langer
Discussant: Georgios Panos
Analyst recommendation revisions, sentiment and institutional herding
Authors: Jiaqi Guo, Phil Holmes, Ali Altanlar
Discussant: Nikolaos Floropoulos
Volatility spillovers and sentiment across shipping freight markets
Authors: Konstantinos Melas, Photis Panayides, Dimitris Tsouknidis
Discussant: Kwok Wai Fung
12:15 - 13:30 Lunch
13:30 - 15:15
Session 9: CEO Behaviour and Crash Risk
Session 10: Asset Pricing
Session 11: Banking and Corporate Finance
Chair: Halit Gonenc Chair: Nikolas Topaloglou Chair: Peter Cincinelli
Management team incentive heterogeneity and stock price crash risk
Authors: Yeqin Zeng, Yiwei Li
Discussant: Aristogenis Lazos
Robust Optimization of Forecast Combinations
Authors: Thierry Post, Selçuk Karabatı, Stelios Arvanitis
Discussant: Efthymios Pavlidis
Corporate governance, Islamic governance and financial flexibility
Authors: Thanos Verousis, Aly Salama, Abdullah Aljughaiman
Discussant: Lu Xing
Stakeholders and the Stock Price Crash Risk: What Matters in Corporate Social Performance?
Authors: Mohammed Zakriya, Ariadna Dumitrescu
Discussant: Jianhua Zhang
Stochastic bounds for portfolio analysis
Authors: Sofia Anyfantaki, Stelios Arvanitis, Nikolas Topaloglou, Thierry Post
Discussant: Jon Danielsson
Better safe than sorry. Which governance characteristics are most important in curbing banks' risk taking and driving performance?
Authors: Marina Brogi, Valentina Lagasio
Discussant: Oleksandr Talavera

Managerial effort and asymmetry in CEO compensation with Macroeconomic Fluctuations
Authors: Jianhua Zhang, Hsin-Hui Chiu, Lars Oxelheim, Clas Wihlborg
Discussant: Yiwei Li

Re-assessing Stock Market Anomalies Using a Stochastic Spanning Framework
Author: Nikolas Topaloglou
Discussant: Stelios Arvanitis
The effects of the financial crisis and the role of Stress Tests on banks accounting discretion
Authors: Peter Cincinelli, Domenico Piatti
Discussant: Valentina Lagasio
15:15 - 17:00 Free time
17:00 - 18:15

Keynote Address
The Future of the Corporation: Economic Crisis, Long Energy Transitions and the Firm
Geoffrey Wood
Dean and Professor of International Business

Awards Ceremony

18:15 - 23:00 Mini Excursion & Gala Dinner

Tuesday 16 April, 2019

08:00 Registration
08:45 - 11:00
Session 12: Accounting and Finance: Awareness, Capability, and CSR
Session 13: Risk, uncertainty and real options 
Session 14: Managers' Behaviour

Chair : Georgios Panos

Chair : Tarik Driouchi

Chair : Geoffrey Wood
The Effect of Institutional Ownership on Firms' Thrust to Compete
Authors: Panayiotis Andreou, Franco Fiordelisi, Terry Harris, Dennis Philip
Discussant: Monika Tarsalewska
Taking more risk tomorrow: Time horizons and investment decisions
Authors: Marc Oliver Rieger, Trang Minh Nguyen, Benjamin Schnur, Mei Wang
Discussant: Nicos Koussis
Informative Quarterly Earnings Guidance and Real Earnings Management
Authors: Facundo Mercado, Beatriz Garcia-Osma, Encarna Guillamon-Saorin
Discussant : Fan Hong
Accounting Conservatism and Corporate Social Responsibility
Authors: Seraina Anagnostopoulou, Andrianos Tsekrekos, George Voulgaris
Discussant: Juan Manuel Garcia Lara
Financial hedging and corporate investment: Evidence from mergers and acquisitions
Authors: George Alexandridis, Zhong Chen, Yeqin Zeng
Discussant: George Loizides
When Does the Board Blame the CEO For Poor Firm Performance? Extreme Resource Reallocation and the Board’s Industry and CEO Experience
Authors:Christodoulos Louca, Andreas Petrou, Andreas Procopiou
Discussant: Mohammed Zakriya
Does Cooperation among Women Enhance or Impede Firm Performance?
Authors : Lu Xing, Angelica Gonzalez, Vathunyoo Sila
Discussant : Christodoulos Louca
Unlocking the value of real options: How firm-specific learning conditions affect R&D investments under uncertainty
Authors: Jan-Michael Ross, Jan Hendrik Fisch
Discussant: Ariadna Dumitrescu
Terrorism Intensity and Acquisitions
Authors: Tung Duy Nguyen, Dimitris Petmezas, Nikolaos Karampatsas
Discussant: Farida Akhtar
  Accounting and financial awareness amongst Scottish teenagers: Home and school complementarity
Authors : Georgios Panos, Ken McPhail, Catriona Paisey, Nicholas J. Paisey
Discussant : Ioannis Koutras
Credit line pricing under debt and equity holders differences in risk beliefs
Authors: Nicos Koussis, Spiros H. Martzoukos
Discussant: Mei Wang
Firm’s innovation lifecycle and board critical mass impact on ‘Glass cliff Phenomenon’
Author: Farida Akhtar
Discussant: Stephen Gong
11:00 - 11:30 Coffee Break
11:30 - 12:45

Keynote Address
On the Relevance of Accounting and Finance Research for Society: Reflections from an Editor, Reviewer and Author Perspective
Juan M. Garcia-Lara
Professor of Accounting

12:45 - 14:00 Lunch
14:00 - 15:45
Session 15: Financial analysts and firm disclosure
Session 16: Asset Pricing
Session 17: Firm Policies and CEO Compensation
Chair: Anastasia Kopita Chair: Abderrahim Taamouti Chair: Shuxing Yin
Analysts’ recommendations credibility: what can target prices tell us
Authors: Zacharias Petrou, Andreas Charitou, Irene Karamanou
Discussant: Winifred Huang
Speculative Dynamics in the Chinese Stock Market: Evidence from Cross-Listed Securities
Authors: Kostas Vasilopoulos, Efthymios Pavlidis
Discussant: Bo Liu
CFOs tournament incentives and firm cash holdings
Authors: Yiwei Li, Xiu-ye Zhang
Discussant: Halit Gonenc
The analyst report’s forecast horizon and bias
Authors: Nikolaos Floropoulos, Andreas Charitou, Irene Karamanou, M. H. Franco Wong
Discussant: Anastasia Kopita
Hedging demand in long-term currency carry trade asset allocation problems
Author: Jose Olmo
Discussant: Yexiao Xu
Financial Distress Risk and Stock Price Crashes
Authors: Christoforos Andreou, Panayiotis Andreou, Neophytos Lambertides, Photis Panayides
Discussant: Agnieszka Trzeciakiewicz
Capital market consequences of Integrated Reporting: Evidence from research analysts
Authors: Anastasia Kopita, Diogenis Baboukardos
Discussant: Zacharias Petrou
Quantile Consumption-Capital Asset Pricing Model
Authors: Abderrahim Taamouti, Sofia Ramos, Helena Veiga
Discussant: Nikolas Topaloglou
The Effects of Social Network and Corporate Governance on Spatial Correlation in CEO Compensation
Authors: Stephen Gong, Lina Shi, Xingang Wang
Discussant: Marina Magidou
15:45 - 16:15 Coffee Break
16:15 - 18:00
Session 18: Financial Risks
Session 19: Financial Reporting
Chair: Elena Kalotychou Chair: Ioannis Tsalavoutas  
A semi-parametric default forecasting model
Authors: Zenon Taoushianis, Spiros Martzoukos, Chris Charalambous
Discussant: Jose Olmo
Information Asymmetry, Agency Costs, and Payout Policies: An International Analysis of IFRS Adoption and the Global Financial Crisis
Authors: Wolfgang Bessler, Halit Gonenc, Mario Hernandez Tinoco
Discussant: Dionysia Dionysiou
The Fed and the Stock Market: A Tale of Sentiment States
Authors: Alexandros Kontonikas, Daniel Hung, Haifeng Guo
Discussant: Christoforos Andreou
FSAP Directives and Stock Market Herding
Authors: Samah El Hajjar, Darren Duxbury, Bartosz Gebka, Chen Su
Discussant: Shuxing Yin
Global risk aversion and shock transmission
Author: Jon Danielsson
Discussant: Alexandros Kontonikas
Financial Reporting Aggressiveness, Tax Reporting Aggressiveness, and International Financial Reporting Standards
Authors: Feng Zhan, Hong Fan
Discussant: Ioannis Tsalavoutas
18:00 - 18:30 Farewell drink at the bar and pool terrace