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The Wolpertinger Club

Conference Programme

wolpertinger

 DAY 1 / Thursday 9th September 2010

09:00   Welcome Address

Professor Ted Gardener, Head of the College of Business, Social Sciences and Law, Bangor University and Chairman of the Wolpertinger Management Committee

Professor Phil Molyneux, Head of the Bangor Business School, Bangor University and member of the Wolpertinger Management Committee

 

09:20   Guest Opening Speech

‘What’s it like running a bank?  Good, bad or ugly?’
Lord Mervyn Davies, Chairman of Bangor University Council, Former Government Minister and Chairman of Standard Chartered Bank


10:00   COFFEE BREAK

 

10:30

 Academic Session 1 – Jack Revell Session

Theme: ‘Reregulating Out of the Crisis’

Chairman: Ted Gardener, Bangor University

Panel:

Professor Ted Gardener, Bangor University

Professor John Thornton, Bangor University (and formerly the IMF)

Professor Santiago Carbó, University of Granada

Professor Jon Williams, Bangor University

 

 11:45

 Academic Session 2 - Corporate Governance in Banking 1
Chairman: Andrew Mullineux, The Birmingham Business School, Birmingham University

CEO Pay Incentives and Risk-taking: Evidence from Bank Acquisitions
Jens Hagendorff, University of Leeds & Francesco Vallascas, University of Cagliari, Italy

Governance, Risk and Performance in European Banking
Francesca Arnaboldi, Università di Milano, Dipartimento di Economia & Barbara Casu Lukac, CASS Business School, City University London

Corporate Governance and Bank Performance in CEE
Ewa Miklaszewska & Katarzyna Mikolajczyk
Cracow University of Economics, Faculty of Finance

The Corporate Governance and the Conduct of Popular Banks: Theoretical and Empirical Aspects
Elena Seghezza & Giovanni B. Pittaluga, Facoltà di Scienze Politiche, Università Di Genova, Italy & Pierlugi Morelli, Associazione Bancaria Italianna

 

13:00   LUNCH

 

 14:00

Academic  Session 3 - Coporate Governance in Banking 2
Chairman: John Thornton, Bangor Business School, Bangor University

Governing British Banks
Andrew Mullineux, The Birmingham Business School, Birmingham University

The Governance of Executive Remuneration through the Crisis: Evidence from Italy
Marcello Bianchi, Angela Ciavarella, Valerio Novembre and Rossella Signoretti, Economics Department, Consob

Board Composition and Compensation in Banking.  An International Study
Pablo de Andres Alonso & Eleuterio Vallelado Gonsález, University of Valladolid

 

15:00   COFFEE BREAK

 

 15:30

 Academic Session 4 - Risks and Bank Performance
Chairman: John Wilson, School of Management, University of St Andrews

Bank Risk and Analyst Forecasts
Mario Anolli, Università Cattolica del Sacro Cuore & Elena Beccalli, Università Cattolica del Sacro Cuore and London School of Economics

Rating Agencies’ Credit Signals: Sovereign Watchlisk and Outlook
Rasha Alsakka & Owain ap Gwilym, Bangor University

Risk Tolerance in the Financial Decision Making
Caterina Lucarelli, Faculty of Economics, Università Politecnica delle Marche, Italy & Gianni Brighette, Faculty of Psychology, Università degli Studi di Bologna

Financial Crisis and Bank Profitability
Ted Lindblom, School of Business, Economics & Law, University of Gothenburg, Magnus Olsson & Magnus Willesson, Linnaeus University Växjö

Are the CDS spreads a good proxy of bank risk? Evidence from the subprime financial crisis
Laura Chiaramonte, University of Verona, Italy & Barbara Casu Lukac, CASS Business School, City University London

Competition and Stability in European Banking: A Regional Analysis
Hong Liu, Phil Molyneux, Bangor Business School, Bangor University & John O.S.Wilson School of Management, University of St Andrews

 

 DAY 2 / Friday 10th September 2010

 

 09:00

 Academic Session 5 – Strategy, Productivity and Intellectual Capital in Banking
Chairman: Barbara Casu, CASS Business School, City University, London

An Examination of Cross Border Strategies in Banking
Barry Howcroft, Loughborough University Business School

Efficiency and Productivity in a Transition Banking System: Russian Banks and the Problem of Distinguishing Heterogeneity and Performance
Karligash Kenjegalieva & Thomas Weyman-Jones, Department of Economics, Loughborough University

Bank Supervision, Regulation and Efficiency: Evidence From the European Union
Georgios E. Chortareas, Department of Economics, University of Athens, Claudia Girardone & Alexia Ventouri, Essex Business School, University of Essex

Intellectual Capital and Bank Performance: Key Issues Related to Intellectual Capital Disclosure
Gimede Gigante & Danele A. Previati, Faculty of Economics F. Caffé, Roma Tre University

Why Do Banks Offer Similar Financial Services with Different Levels of Interest?  Decision Avoidance and Deposit Interest Rate Setting
Robert  D. J. Anderson, Newcastle University Business School, John K. Ashton, Bangor Business School, Robert S. Hudson, Newcastle University Business School

Are there any Cost and Profit Efficiency Gains in Financial Conglomeration?  Evidence from the Accession Countries
Dimitris K. Chronopoulos, School of Management, University of St Andrews, Claudia Girardone & John C. Nankervis, University of Essex

 

 10:15

 Academic Session 6 - Stability, Retail Credit and Bank Regulation
Chairman: Barry Howcroft, Loughborough University Business School

The Relationship Between Mortgage Markets and House Prices: Does Financial Instability Make the Difference?
Santiago Carbó Valverde, University of Granada and Federal Reserve Bank of Chicago & Francisco Rodríguez Fernández, University of Granada

Attitudes, Personality Factors and Household Debt Decisions: A Study of Consumer Credit
Stefano Cosma & Francesco Patterin, Università di Modena e Reggio Emilia

Bank Size, Market Power and Financial Stability
Juan Fernández de Guevara, Universidad de Ivie & Joaquin Maudos, Universidad de Valencia

Asset-Backed Securitization and Financial Stability: the Downgrading Delay Effect
Mario La Torre & Fabiomassimo Mango, Università degli Studi di Roma, “La Sapienza”

Access to Equity for New, Innovative Companies in the Province of Modena
Luciana Canovi, Elisabetta Gualandri & Valeria Venturelli, Univesities of Modena and Reggio Emilia and CEFIN (Centro Studi Banca e Finanza)

11:15   COFFEE BREAK

11:30

Academic Session 7 - Market Valuation
Chairman: Caterina Lucarelli, Faculty of Economics, Università Politecnica delle Marche, Italy

Profiling Investors with MiFID: Current Practice and Future Prospects
Camilla Mazzoli & Nicoletta Marinelli, Faculty of Economics, University of Politencnica Marche, Ancona, Italy

How European Financial Markets Valuate Research and Development Costs?
Andi Duqi & Giuseppe Torluccio, Department of Management, University of Bologna, Italy

The Forecasting of Relationship between Risk and Return in Stock Markets: Efficient Method of Moments Estimation of a Stochastic Volatility Model
H. Şaduman Okumuş, Department of Banking & Finance, Istanbul Commerce University & Elif Güneren Genç, Istanbul Commerce University Vocational School

Executive Options and Managerial Opportunism
Lynn Hodgkinson, Bangor University

Financial Structure Decisions in Large Business Firms
Ted Lindblom, Gert Sandahl & Stefan Sjögren, School of Business, Economics & Law, University of Gothenburg

Value Creation of Internationalization Strategies of Italian Medium-Sized Listed Firms
Ottorino Morresi & Alberto Pezzi, Department of Management & Law, Faculty of Economics, University of Rome III

 

13:00   LUNCH & Annual Wolpertinger Management Committee Meeting

 

 14:00

 Academic Session 8 - Payments, Clearing Houses, Exchange Rates and Transmission Mechanisms
Chairman: Santiago Carbó Valverde, University of Granada

Competing Technologies for Payments: ATMs, POS Terminals and the Demand for Currency
Francisco Rodríguez Fernández, University of Granada & Santiago Carbó Valverde, University of Granada and Federal Reserve Bank of Chicago

The Clearing Houses in Europe.  The Impact of Competition on Business Models and Fee Structures
Guisy Chesini, University of Verona, Faculty of Economics

The Nature of China’s Exchange Rate Regime and the Potential Effects on its Financial System
René van der Linden & Frans Brinkhuis, School of Economics, Inholland University

The Monetary Transmission Mechanism before and since the Recent Financial Crisis
Frans Brinkhuis, School of Economics, Inholland University

 

15:30   COFFEE BREAK

           

 16:00

 Academic Session 9 - Doctoral Students Session
Chairman: Phil Molyneux, Bangor Business School, Bangor University

Are the Ratings Correct Indicators of the Current Situation and Outlook about the Creditworthness of the Entities that Qualify?
Carlos Salvador Mun'oz, PhD student, University of Valencia, José M. Pastor & Juan Fernández de Guevara, University of Valencia and Ivie

Macroeconomic Early Warning Systems for Financial Crisis Prediction
Tim King, PhD student, Bangor University

Predicting Bankruptcy Using Neural Networks in the Current Global Financial Crisis: A Study for US Commercial Banks
Iván Pastor Sanz, PhD student, University of Burgos

The Role of Institutional Shareholders in Bank Risk Taking, Profitability and Compensation Sturcture
Lien Nguyen, PhD student, Bangor University

 

 16:45

 Academic Session 10 – Roundtable on Teaching and Research Training in Banking and Finance

Chairman: Professor Leo Van Eerden, Vrije Universiteit Amsterdam, Netherlands

Professor Andy Mullineux, Birmingham University –will present a proposal for an EU PhD Training Grant Application from Wolpertinger members

Professor Andy Mullineux, Birmingham University –will present a proposal for an EU PhD Training Grant Application from Wolpertinger members.  Details of the Marie Curie Initial Training Networks (ITN) competition for 2011 are as follows:
Briefly, the Marie Curie ITN is aimed to support a partnership of organisations to recruit a cohort of early stage researchers (PhD students) around a well defined and integrated research training programme. Partnerships must be composed of at least 3 organisations such as universities, research centres and companies from 3 different EU countries and typically ITN projects would involve around 7 partners lasting up to 4 years. The financial support for the ITN is calculated on the basis of eligible activities and takes the form of grants covering up to 100% of the budget.


The deadline for the ITN call is 26 January 2011.