Program


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Wednesday, 2 July 2008 4.00pm - 7.00pm
Registration Evening & Welcome Reception	B Block Foyer
Thursday, 3 July 2008 8.30am - 11.00am
Registration - 8.30am	B Block Foyer
Welcome Remarks - 9.00am Speakers: Professor Cheng-Few Lee, Distinguished Professor of Finance, Rutgers University Professor Peter Little, Executive Dean of the Faculty of Business, QUT Professor Tim Robinson, Head of School of Economics and Finance, QUT and PBFEAM 2008 Program Director	Room: B117
Finance Keynote Presentation - 9.30am Professor Wayne Ferson, University of Southern California "The Problem of Alpha and Performance Measurement" Session Chair: Tim Robinson	Room: B117
Morning Tea - 10.30am	B Block Foyer
Thursday, 3 July 2008 11.00am - 12.30pm
Accounting Session 1: Corporate Governance and Earnings Issues Session Chair: Emeka Nwaeze	Room: B507
An Investigation of the Association between Corporate Governance, Earnings Management and the Effect of Legislative Reforms. Marion Hutchinson Ownership Concentration and CEO Compensation Pay-for-Performance Sensitivity in New Zealand Haiyan Jiang The Impacts of Sarbanes-Oxley Act from the Earnings Components Perspective Lanfeng Kao Corporate Governance and Performance of the Equitised Company in Vietnam Tung Dao
Accounting Session 2: Management Accounting Session Chair: Isabel Gordon	Room: B508
Sustainability in Management Accounting: Modeling 'Profit' Forecasting Rozainun Abdul Aziz What Determines Meals and Entertainment Expenditures, and How Much Income-Contributing Are Those Expenditures?: Evidence from Korea Won-Wook Choi
Doctoral Students - Finance Session Chair: Robert Bianchi	Room: B223
Are International Equity Markets Returns Predictable? Sungju Chun The Mutual Fund Performance: Evidence from Thailand Teerapan Suppa-Aim
Doctoral Students - Management and Marketing Session Chair: Jennifer Bartlett	Room: B224
Effects of Social Network, Learning, Entrepreneurial, Market and Strategic Orientation on Organizational Performance: an Empirical Study of Bangladesh SMEs Mohammad Ziaul Hoq Personality and culture as moderators in the job characteristics model Michele Boonzaier The Role of "Ethical Brand" and its effect on Industrial Buyers' Responses in Malaysia Sulaiman Ali
Economics Session 1: Financial Liberalization Session Chair: Clevo Wilson	Room: B505
Financial Development, Financial liberalization and Economic Growth in Sub-Saharan African countries: An Empirical Investigation Abdullahi Ahmed Capital Account Liberalization, Financial Development and Economic Growth in Nigeria Taiwo Ajilore Effects of Direct Controlling over Capital Mobility and Ambiguous Policy Announcement in Global Game Ming-Chun Hung Dynamic Relationship Between Financial Development and Inflation Shu-Chin Lin
Entrepreneurship & Management Session 1: Knowledge Management Session Chair: Parag Sanghani	Room: B225
The Significant Effect of Quality Measurement, Benchmarking and Employee Focus on Productivity and Profitability: A Path Analysis on TQM Variables. Za'faran Hassan Knowledge Augmentation and Growth in International SMEs Per Davidsson Knowledge Management as Dynamic Capabilities: Does It Work in Emerging Less Developed Countries? Philip A. Neck Knowledge Management: Inter-Industry Comparison in India Parag Sanghani
Finance Session 1: Banking Management and Performance Session Chair: Keishiro Matsumoto	Room: B119
Default Prediction of Alternative Structural Credit Risk Models and Implications of Default Barriers Han-Hsing Lee A Note on the Cost of a Generalized Term Loan and Internal Equity Mix Keishiro Matsumoto An Analysis of Productivity and Efficiency of Assets Transformation in the Banking Industry in Sri Lanka Senarath Lalithananda Seelanatha
Finance Session 2: Options and Futures I Session Chair: Ferdinand Mager	Room: B121
Is Underwriter's Retention on IPO Shares a Good Substitution for Underwriting Spreads? Anlin Chen Arbitrage Strategies on the Taiwan Convertible Bond Market: Conversion and Pull Strategies Mei-Ling Chen International Hedge Ratios for Index Futures Market: A Simultaneous Equations System Approach Fu-Lai Lin
Finance Session 3: Behavioural Finance Session Chair: John Nowland	Room: B122
Risk Consistency and Professional Fund Managers' Investment Behavior: Questionnaire-based Analysis on Japanese Market Masayuki Susai Loss Aversion and the January Size Effect: Evidence from Three Chinese Culture Oriented Stock Markets Chin-Chen Chien Overreaction, Mispricing, and Stock Returns Carl Chen
Finance Session 4: Investments I Session Chair: Daniel Smith	Room: B124
Asset Allocation with Power-Log Utility Functions, vs. Mean-Variance Optimization Jivendra Kale Gender and Performance Differences for Fund Managers Jo-Hui Chen Portfolio Adjustment on Jump Risk: Evidences from Asian Emerging Markets Shu-Hsien Chen
Finance Session 5: Financial Econometrics I Session Chair: Adam Clements	Room: B506
The Degree of Stock Price Deviations from Random Walk: A Cross-Country Analysis Kian-Ping Lim How Does Implied Volatility Differ from Model Based Volatility Forecasts? Adam Clements The Predictive Power of the Term Structures of Interest Rates: Evidences for Developed and Asian Emerging Markets Kai-Li Wang An Empirical Study of the Hidden Markov Switching Moving Average Model Pei-Ling Tsai
Lunch - 12.30pm	B Block Foyer
Thursday, 3 July 2008 1.30pm – 3.00pm
Panel discussion "How to Publish Finance and Accounting Papers in Top Academic Journals" Chairperson: Cheng-Fee Lee, Rutgers University Panelists: Stephen J. Brown, New York University; Carl Chen, University of Dayton; Wayne Ferson, University of Southern California; Elizabeth Gordon, Temple University	Room: B117
Economics Session 2: Experimental Economics Session Chair: Uwe Dulleck	Room: B505
Tax Compliance, Tax Morale and Governance Quality Benno Torgler A Welfare Analysis on Third-degree Tariff Discrimination under International Trade Agreement Cindy Hsiao Ping Peng Do Threatened Wildlife Receive More Support? Results from an Experimental Survey Clevo Wilson The Experimental Economics of Credence Goods Uwe Dulleck
Marketing Session 1: Branding Session Chair: Sony Kusumasondjaja	Room: B224
Antecedents to Adoption of Global Brands: Empirical Evidence from India and Malaysia Sujana Adapa Analysis of Multidimensional Commitment Adnan Riaz Consumer's Perception and Purchase Willingness Towards Organic Food Products: Exploring the Attitude Among Malaysian Consumers Siti Nor Bayaah Ahmad Consumer Responses to Attribute Framing in Product Packaging Sony Kusumasondjaja
Entrepreneurship & Management Session 2: Strategy Issues Session Chair: Laure Muselli	Room: B225
Strategic Planning in Logistics Business: A Show case in Malaysian Airlines Cargo Sdn Bhd (MAScargo), Malaysia Nor Aida Abdul Rahman Taiwanese Digital Content Companies' Entrepreneurial Strategies in China Vicki Chihsuan Chiu Open strategies, open source strategies and the issue of value capture in the software industry Laure Muselli
Afternoon Tea - 3.00pm	B Block Foyer
Thursday, 3 July 2008 3.30pm - 5.00pm
Accounting Keynote Presentation Professor Elizabeth Gordon, Temple University, Philadelphia Session Chair: Natalie Gallery	Room: B121
Marketing Keynote Presentation Professor Steve Worthington, Monash University, Melbourne Financial Services in China; What role for the Credit Card Session Chair: Edwina Luck	Room: B122
Conference Dinner - Dinner under the Stars - 7.00pm Guest Speaker: Dr Michael Drew, General Manager of Investment Services, Qsuper Sublime to Subprime - Adventures in Financial Innovation	Rydges South Bank
Friday, 4 July 2008 8.30am - 9.00am
Registration	B Block Foyer
Friday, 4 July 2008 9.00am - 10.30am
Accounting Session 3: Capital Market Issues Session Chair: Gerry Gallery	Room: B507
Earnings Management and the Market Performance of Stock Dividend Issuing Firms: NZ Evidence Hardjo Koerniadi Changes in Managerial Stock Ownership, Accounting Discretion, and Earnings Informativeness: The Role of Governance Contexts Emeka Nwaeze The effect of corporate governance quality on accrual mispricing: Australian Evidence Maria Strydom A Quantile Regression Analysis of the Economic Determinants of Bank Loan Pricing Wuchun Chi
Entrepreneurship & Management Session 3: Employees, Innovation and Internationalisation Session Chair: Per Davidsson	Room: B225
Selection and Retention Strategies for Employees for Expatriate Assignments Patricia Mehegan From sweatshops to sweetshops - Job redesign as an innovation for sustaining call centres Michelle Boonzaier The Role of Human Capital and Strategic Intent in Internationalisation Scope of New Technology-Based Firms Per Davidsson
Finance Session 6: Options and Futures II Session Chair: Gerard Gannon	Room: B121
Empirical Performance of Affine Option Pricing Models: Evidence from the Australian Index Options Market Steven Li Market Makers V's the General Public: A first look at S&P500 Futures Trade Data Gerard Gannon Pricing efficiency under the coexistent open outcry and E-mini index futures markets Shufang Shiu
Finance Session 7: Corporate Finance I Session Chair: John Nowland	Room: B122
Alternative Methods to Determine Optimal Capital Structure: Theory and Application Cheng-Few Lee The Impact of Capital Structure on Agency Costs: Evidence from UK Public Companies Steven Li Financial Distress Announcement, Transaction Mode Change, and Aggregate Shareholder Wealth: Empirical Evidence from TAIEX-Listed Companies Gili Yen Direct and indirect effects of voluntary governance codes on company disclosure practices John Nowland
Finance Session 8: Emerging Markets I Session Chair: Chandrasekhar Krishnamurti	Room: B124
Call Auction Transparency and Market Liquidity, Evidence from the Shanghai Stock Exchange Gary Tian Long-term Share Performance of Malaysian Bidding Firms Siew Peng Lee Foreign Institutional Investors and Security Returns: Evidence from Indian Stock Exchanges Chandrasekhar Krishnamurti
Morning Tea - 10.30am	B Block Foyer
Friday, 4 July 2008 11.00am - 12.30pm
Accounting Session 4: Disclosure Session Chair: Rozainun Abdul Aziz	Room: B507
Information Asymmetry and Accounting Conservatism: Evidence from Taiwan Wuchun Chi Voluntary Comprehensive Compensation Disclosure and the Firm Value: Empirical Evidence from a Capital Market with Revolutionizing Policies Chih-Liang Liu The Reliability of Mandatory Cash Flow Forecasts by Australian Mining Exploration Companies Jodie Nelson How Do Firms Manage Their Earnings Forecast Strategy? A New Zealand Study Thu Phuong Truong
Economics Session 3: Topics in International Economics Session Chair: Mark McGovern	Room: B505
Exposure to the World and Trading-Bloc Risks: A Multivariate Capital Asset Pricing Model Kim-Leng Goh Trade, Growth and Income Dong-Hyeon Kim Is Fear of Floating Justified? A Counterfactual Examination with Reference to East Asia Tony Cavoli Food "security" and enterprise viability Mark McGovern
Entrepreneurship & Management Session 4: Quality and Innovation Session Chair: Pavla Rehorova	Room: B225
The Importance of Incorporating New Technology and Innovation in Supply Chain Management (SCM) Processes in Enhancing Performance Arawati Agus Humor and Work? You got to be serious! Amber Raza Innovation for Sustainability: Seeking Water Solutions in an Urban Environment Judy Matthews Innovations in the Czech Republic and New Technologies Risks Pavla Rehorova
Finance Session 9: Corporate Finance II Session Chair: Kin Wai Lee	Room: B119
Factors affecting the operating performance of alternative markets for SMEs Alvin Wong A Comparison between Multiple Discriminant and Logistic Regression on the Performance of The Shariah Compliance Companies in Industrial Sector Hamdi Hakeim Mudasir Testing the Pecking Order: Evidence from Japanese Firms Rongrong Zhang Cash Holdings, Corporate Governance Structure and Firm Valuation Kin Wai Lee
Finance Session 10: Foreign Exchange and International Investment Session Chair: Gary Tian	Room: B121
Re-examining Exchange Rate Exposure: Evidence from Taiwanese Stock Market Yi-Chein Chiang Volume or Order Flow?: Which Contains More Information in Really Traded Yen/Dollar Foreign Exchange Market? Masayuki Susai Australia's Equity Home Bias and Exchange Rate Volatility Anil Mishra
Finance Session 11: Investments II Session Chair: Anup Basu	Room: B122
Social Security in 2020: Guarantee Costs and Portfolio Selection in Privatized Accounts, with and without Inflation Indexing Jivendra Kale Stochastic Dominance Analysis of CTA Funds Kok Fai Phoon Towards a Dynamic Asset Allocation Framework for Target Retirement Funds: Getting Rid of the Dogma in Lifecycle Investing Anup Basu
Finance Session 12: Investments III Session Chair: Ferdinand Mager	Room: B124
Managed Fund Attributes and Performance: Australian Evidence Chee Jin Yap An Empirical Analysis on Equity Style Portfolio Risk using Value-at-Risk Wee Yeap Lau Empirical Risk Analysis of Pension Insurance – The Case of Germany Ferdinand Mager
Marketing Session 2: Knowledge and People Management Session Chair: Abu Saleh	Room: B224
Bangladeshi Industrial Importers’ Commitment to Their Supplier: Implications for Foreign Investment Md. Abu Saleh Diffusion of Mobile Internet Service Innovations: The Emerging Concepts of "Smart Technology" and "Smart Consumer" Tom Chen Investigating the Main Export Barriers and Drivers of Consumer Service Exporter Performance: Lessons from Australian Tourism and Education Sectors Constanza Bianchi Dynamics of Entrepreneurship Intentions of MBA Students: An Asian Developing Country Perspective Md. Abu Saleh
Lunch Break - 12.30pm	B Block Foyer
Friday, 4 July 2008 1.30pm - 2.30pm
Finance Keynote Presentation Professor Stephen J. Brown, New York University Estimating Operational Risk for Hedge Funds: The ω-Score Session Chair: Robert Bianchi	Room: B119
Management/Entrepreneurship Keynote Presentation Professor Ben Oviatt, University of New South Wales, Sydney Entry into Geographically and Psychically Distant Foreign Markets by Small and New Ventures Session Chair: Per Davidsson	Room: B122
Afternoon Tea and Closing Remarks - 2.30pm	B Block Foyer
Friday, 4 July 2008 3.00pm - 4.30pm
Accounting Session 5: Accounting and Accountability Session Chair: Majella Percy	Room: B507
Rules versus Principles-based Pension Accounting Standards: An Analysis of Comparability Isabel Gordon Exploring Sustainability Reporting on the Net: Indonesia Case Sasongko Budi Social Accounting In The Credit Union Sector: GRI Readiness Dianne McGrath
Finance Session 13: Investments IV Session Chair: Robert Bianchi	Room: B121
Optimal Hedging with Power-Log Utility Functions vs. Portfolio Insurance for Downside Protection Jivendra Kale A Star is Born: A New International Investment Style ofr US Mutual Funds during the 1986-1995 period Paul Lajbcygier HACking at Non-linearity: Evidence from Stocks and Bonds Robert Bianchi
Finance Session 14: Financial Econometrics II Session Chair: Daniel Smith	Room: B122
Distribution of Short-Term Interest Rate in One-Factor Models Kok Haur Ng Effects of Non-Normality on the Distribution of Short-Term Interest Rate in the CIR Model Ah Hin Pooi A Grey Forecasting Model on the Systematic Risk Estimation: An Example of the Dow Jones Industry Index' Component Stocks Alex Kung-Hsiung Chang Alternative Explanations of the Volatility Trend: Are They Really That Different? Daniel Smith
Finance Session 15: Emerging Markets II Session Chair: Adam Clements	Room: B124
Financial integration of Chinese markets after WTO accession and financial liberalization Gary Tian An Empirical Examination of the Relationship between Corporate Social Responsibility Disclosure and Financial Performance in an Emerging Market Mustaruddin Saleh Market Integration, Portfolio Correlation: A DCC Analysis for Seven Asian Emerging Markets Liping Zou