The Seventh Georgia Tech / Fortis

International Finance Conference

JW Marriott Hotel – Lenox, Atlanta, April 20-21, 2001

Program Chair: Cheol S. Eun, Georgia Tech

Keynote Address: Robert A. Mundell, Columbia University

(1999 Nobel Laureate in Economics)

“Currency Areas and the International Monetary System: Quo Vadis?”

April 19, Reception and Pre-Conference Dinner

Dinner Speaker: Jerome A. Atkinson, Fortis, Inc.

6:30pm, JW Marriott Hotel - Lenox

April 20, Friday

Session I. Exchange Rate Dynamics and Hedging

Chair: Martin Glaum, University of Giessen, Germany

Chris D’Souza, The Bank of Canada

A Market Microstructure Analysis of FX Intervention in Canada

Discussant: Alex Maynard, University of Toronto

Martin D. Evans, Georgetown University

FX Trading and Exchange Rate Dynamics

Discussant: Rajesh Chakrabarti, Georgia Tech

Gregory H. Bauer, University of Rochester

Conditional Currency Hedging and Asset Market Shocks

Discussant: Ajay Subramanian, Susquehanna Partners

David A. Carter, Christos Pantzalis, and Betty J. Simkins

Oklahoma State University

Firm-wide Risk Management of Foreign Exchange Exposure by U.S. Multinational Corporations

Discussant: Martin Glaum, University of Giessen

Session II. Corporate Governance, Efficiency, and Culture

Chair: Vihang Errunza, McGill University

George L. Tian, London Business School

State Shareholding and the Value of Chinese Firms

Discussant: Jianping Mei, New York University

Mark D. Walker, Purdue University

Internal Capital Markets and Investment Efficiency: Evidence from Japanese Industrial Groups

Discussant: Yasushi Hamao, University of Southern California

Campbell R. Harvey, Duke University

Karl B. Lins, University of Utah

Andrew H. Roper, Duke University

The Effect of Capital Structure When Expected Agency Costs are Extreme

Discussant: Narayanan Jayaraman, Georgia Tech

Rene Stulz, Ohio State University

Rohan Williamson, Georgetown University

Culture, Openness, and Finance

Discussant: Francesca Carrieri, McGill University

April 21, Saturday

Session III. International Investment and Pricing

Chair: Geert Rouwenhorst, Yale University

Ole-Kristian Hope, Northwestern University

The Relation between Accounting and Institutional Factors and Analysts’ Forecasts: An International Study

Discussant: James Linck, Univesrity of Georgia

Kent Hargis, Goldman Sachs & Company

Jianping Mei, New York University

What Are the Sources of Country and Industry Diversification?

Discussant: Geert Rouwenhorst, Yale University

Francesca Carrieri, Vihang Errunza, and Sergei Sarkissian

McGill University

Industry Risk and Market Integration

Discussant: George Allayannis, University of Virginia

Session IV. Overseas Cross-Listings and Price Discovery

Chair: Hendrik Bessembinder, Emory University

Thomas J. Chemmanur, Boston College

Paolo Fulghieri, INSEAD, France

Choosing an Exchange to List Equity: Theory of Cross-Listing, Listing Requirements, and Competition among Exchanges

Discussant: Wei Xiong, Princeton University

Joachim Grammig, Université Catholique Louvain la Neuve

Michael Melvin, Arizona State University

Christian Schlag, University of Frankfurt

Price Discovery in International Equity Trading

Hendrik Bessembinder, Emory University

Cheol S. Eun, Georgia Institute of Technology

Sanjiv Sabherwal, University of Rhode Island

Price Discovery for Internationally Traded Securities: Evidence from the U.S.-Listed Canadian Stocks

Discussant: Sandaram Janakiramanan, National University of Singapore

Note:

▪ The Keynote luncheon will take place at Georgia Tech Student Center, Ball Room,

12:00 – 1:45pm, April 20, Friday.

▪ All academic sessions will be held at JW Marriott Hotel – Lenox.

▪ For further details, contact Sandy Lei, the Conference Coordinator,

via sandy.lei@mgt.gatech.edu.