Announcement: Mid-Atlantic Research Conference in Finance Program

          MID-ATLANTIC RESEARCH CONFERENCE IN FINANCE PROGRAM

                          Temple University
                        Fox School of Business
                    Alter Hall, 7th Floor, Room A746

                           March 20, 2009


      This year marks the first time that Temple University will
      serve as the host institution for the Fourth Annual Mid-
      Atlantic Research Conference in Finance (MARC). In
      conjunction with the Villanova School of Business and the
      WRDS data service, Temple University invites finance
      researchers to attend this 1-day, 1-track MARC meeting on
      Friday, March 20, 2009, at Temple University, Alter Hall,
      from 8:15 am until 5:00 pm.

      We will be sharing high quality research papers in all
      areas of finance through a free, 1-day conference which
      will also include Prof. Michael Lemmon of U. of Utah as our
      distinguished keynote luncheon speaker. There will be
      several academic sessions which should be of interest to
      all financial researchers. Please use the following link to
      see the program and papers:

          http://www.homepage.villanova.edu/michael.pagano/


      PROGRAM:

      9:00   Market Microstructure Session:
      Institutional Trading Frictions
      Chiraphol N. Chiyachantana, Singapore Management
      Pankaj K. Jain, U. of Memphis

      Institutional Trading, Brokerage Commissions,
      Information Production around Stock Splits
      Thomas J. Chemmanur, Boston College
      Gang Hu, Babson College
      Jiekun Huang, Boston College

      Multimarket Trading, Volume Dynamics, and Market
      Integration
      Michael Halling, U. of Utah
      Pamela C. Moulton, Fordham U.
      Marios Panayides, U. of Utah/U. of Pittsburgh

      10:45  Corporate Finance Session:
      CEO Deal-Making Activity, CEO Compensation and Firm Value
      Eliezer M. Fich, Drexel U.
      Laura T. Starks, U. of Texas-Austin
      Adam S. Yore, Drexel U./Northern Illinois U.

      A Comparative Analysis of Shareholder Activism in the US
      and UK: Evidence from Shareholder Proposals
      Bonnie Buchanan, U. of Seattle
      Tina Yang, Clemson U./Villanova U.

      Mergers and Persistence
      Jeffrey Jaffe, U. of Pennsylvania/Wharton
      David Pedersen, Drexel U.
      Torben Voetmann, Cornerstone Research

      12:15  Lunch and Keynote Speaker
      Michael Lemmon, University of Utah

      1:30   Financial Institutions and Markets Session:
      The Impact of Concentration and Sophistication of the
      Banking Sector on Sovereign Risk
      Erdem Aktug, Lehigh U.
      Nandkumar Nayar, Lehigh U.
      George Vasconcellos, Lehigh U.

      The Impact of Joint Participation on Liquidity in Equity
      and Syndicated Bank Loan Markets
      Linda Allen, Baruch College-CUNY
      Aron Gottesman, Pace U.
      Lin Peng, Baruch College-CUNY

      Convertible Bond Arbitrageurs as Suppliers of Capital
      Darwin Choi, Yale School of Management
      Mila Getmansky, University of Massachusetts
      Amherst, Brian Henderson, George Washington University,
      Heather Tookes, Yale School of Management

      3:15   Investments Session:
      Relative Wealth Concerns and Complementarities in Information
      Acquisition
      Diego Garcia, U. of North Carolina at Chapel Hill
      Gunter Strobl, U. of North Carolina at Chapel Hill

      Fundamentals, Trader Activity and Derivative Pricing
      Bahattin Buyuk ahin, CFTC
      Michael S. Haigh, Societe Generale
      Jeffrey H. Harris, CFTC/U. of Delaware
      James A. Overdahl, SEC
      Michel A. Robe, CFTC/American U.

      The Evolution of Aggregate Stock Ownership: A Unified
      Explanation
      Kristian Rydqvist, Binghamton U.
      Joshua Spizman, Binghamton U.
      Ilya Strebulaev, Stanford U.

      4:45 Networking Reception


      REGISTRATION/FURTHER INFORMATION:

      We encourage you to attend this free 1-day conference. If
      you wish to attend, then please follow the link to register
      on-line and find out about lodging options:

http://www.villanova.edu/business/newsevents/register.htm?page=marc.htm

      If you have any questions about the conference contact
      MARC Program Co-Chairs:

      CONTACT:       Prof. Elyas Elyasiani
      Email:         MAILTO:elyas@temple.edu

                     Prof. Michael Pagano
      Email:         MAILTO:Michael.Pagano@villanova.edu
Posted 2/5/09