Conference on Culture and Finance

Conference on Culture and Finance
April 16, 2015 - April 18, 2015
Wake Forest University  Winston-Salem, NC
Thursday, April 16
5:30 – 6:45 pm
Opening Dinner in Farrell Hall
7:00 – 8:30 pm
Welcome and Keynote Address
Keynote Address: “The Gravity of Culture for Finance”
Andrew Karolyi (Cornell University)
Friday, April 17
8:00 – 8:15 am
Opening Remarks
8:20 – 9:10 am
“National Culture and the Regulation of Corporate
Self-dealing”
Brandon N. Cline* (Mississippi State University), Claudia
R. Williamson (Mississippi State University)
Discussant: Eric Cardella (Texas Tech University)
9:15 – 10:05 am
“Lost in Translation: Cultural Differences and Earnings
Management Contagion”
G. Nathan Dong (Columbia University)
Discussant: Kevin J. Veenstra (McMaster University)
10:05 – 10:25 am
Refreshments Break
10:25 – 11:15 am
“The Impact of Cultural Diversity in Corporate Boards
on Firm Performance”
Helena Cimerova (Auckland University of Technology),
Olga Dodd (Auckland University of Technology), Bart
Frijns* (Auckland University of Technology)
Discussant: Sadok El Ghoul (University of Alberta)
11:20 – 12:10 pm
“The Moderating Effect of Cultural Values on the
Relationship between Corporate Social Performance and
Corporate Financial Performance”
Wei Shi (Rice University), Kevin J. Veenstra* (McMaster
University)
Discussant: Jongha Lim (California State University)
12:20 – 1:25 pm
Lunch (with remarks by Charles Iacovou, Dean of the WFU
School of Business)
1:30 – 2:20 pm
“Does Culture Matter for Development?”
Augusto Lopez-Claros (World Bank), Valeria Perotti*
(World Bank)
Discussant: Claudia R. Williamson (Mississippi State
University)
2:25 – 3:15 pm
“Individualism and Firm Growth”
Narjess Boubakri* (American University of Sharjah), Walid
Saffar (The Hong Kong Polytechnic University)
Discussant: Valeria Perotti (World Bank)
3:15 – 3:30 pm
Refreshments Break
3:35 – 4:25 pm
“The Resurgence of Cultural Borders in International
Finance during the Financial Crisis: Evidence from
Eurozone Cross-Border Depositing”
Stefanie Kleimeier* (Maastricht University), Harald Sander
(Maastricht University), Sylvia Heuchemer (Maastricht
University)
Discussant: G. Nathan Dong (Columbia University)
4:30 – 5:20 pm
“Cultural Exposure and Cross-Border Loan Allocation”
Grace Kim (Baruch College of The City University of New
York)
Discussant: Stefanie Kleimeier (Maastricht University)
7:00 pm
Dinner at Graylyn Conference Center
Saturday April 18
8:15 – 9:05 am
“Mergers and Acquisitions across Cultures”
M. Farooq Ahmad* (SKEMA Business School and
Université de Lille), Eric de Bodt (SKEMA Business
School, and Université de Lille), Helen Bollaert (SKEMA
Business School and Université de Lille)
Discussant: Bart Frijns (Auckland University of
Technology)
9:10 – 10:00 am
“In the Eye of the Beholder: The Asymmetric Impact of
National Culture Distance on Target Premiums in Crossborder M&As”
Jongha Lim* (California State University), Anil K. Makhija
(Ohio State University), Oded Shenkar (Ohio State
University)
Discussant: M. Farooq Ahmad (SKEMA Business School
and Université de Lille)
10:00 – 10:20 am
Refreshments Break
10:25 – 11:15 am
“Trade Credit Provision and National Culture”
Sadok El Ghoul* (University of Alberta), Xiaolan Zheng
(The University of Nottingham Ningbo China)
Discussant: Grace Kim (Baruch College of The City
University of New York)
11:20 – 12:10 pm
“Financial Development and Genetic Diversity”
Eric Cardella* (Texas Tech University), Ivalina Kalcheva
(University of California, Riverside), Danjue Shang
(University of Arizona)
Discussant: Narjess Boubakri (American University of
Sharjah)
12:10 – 12:20 pm
* Presenting author
Concluding Remarks