CCEFM Workshop, 14.1.2005, 3:30-5:00 pm
Christian Pierdzioch (Universität Kiel)
"Sources of Predictability of European Stock Markets for High-Technology Firms"
Wiener Börse,
Wallnerstrasse 8
1010 Wien
The paper can be downloaded from:
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
--------------------------------------------------------------
Invitation
The Second MTS Conference on Financial Markets:
The Organisation and Performance of Fixed-Income Markets
Hosted by Universität Wien und ISK Wien
Palais Coburg, 16-18 December 2004
Please register at
isk(a)iskwien.at
+43 (1) 51818-900
--------------------------------------------------------------
Thursday, December 16
13.15 Welcome by Marco Pagano
14.00 Session 1 - Secondary Markets, Chair: Gustavo Piga
Automation versus Intermediation: Evidence from Treasuries Going Off the Run
M. Barclay, T. Hendershott, K. Kotz
Discussant: G. Garbi
Financial Intermediation and the Costs of Trading in an Opaque Market
R. Green, B. Hollifield, N. Schurhoff
Discussant: C. D'Souza
MTS Time Series
A. Dufour
Key Note Address
Chester Spatt
Moderator: Bruno Biais
Friday, December 17
8.30 Session 2 - Primary Markets, Chair: Ernst-Ludwig von Thadden
Illiquidity Spillovers: Theory and Evidence from European Telecom Bond Issuance
Y. Newman, M. Rierson
Discussant: A. Melnik
Order Flow and the Formation of Dealer bids: An Analysis of Information and Strategic Behaviour in the Government of Canada Security Auctions
A. Hortacsu, S. Sereen
Discussant: C. Upper
Dicriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions
J. Rocholl
Discussant: A. Hortacsu
13.30 Session 3 - Liqudity and Risk, Chair: Giorgio Basevi
Flight to Quality, Flight to Liquidity, and the Pricing of Risk
D. Vayanos
Liquidity Discovery and Asset Pricing
M. Gallmeyer, B. Hollifield, D. Seppi
Discussant: V. Acharya
Welcome by Prof. Niels Thygesen
Roundtable: Bond Market: Liquidity, Risk and Regulation, Chair: A. Lamfalussy
A. Grünbichler, T. Padoa Schioppa, G. Szapary
Saturday, December 18
9.00 - 13.30 Press Sessions
--------------------------------------------------------------
Further information:
Dr. Otto Randl
Institut für strategische Kapitalmarktforschung
Coburgbastei 4/1
A-1010 Wien
T: +43 (1) 518 18 - 900
F: +43 (1) 518 18 - 920
E: otto.randl(a)iskwien.at
Programme:
http://www.iskwien.at/upload/Preliminary_Programme_Vienna.pdf
There is no conference fee, but registration at isk(a)iskwien.at is required.
Due to the limited number of participants please register asap.
--------------------------------------------------------------
CCEFM/IHS Workshop
Youchang Wu and Josef Zechner, University of Vienna
Closed-end Fund Governance, Portfolio Performance, and the Discount
Friday, December 10th, 3.30-5.00 pm,
Location: (!) BWZ HS 9 (!) Brünner Strasse 72, 1210 Wien
The paper can be downloaded from
http://www2.wu-wien.ac.at/ccefm/activities/workshops.htm
----------------------
This is the last workshop for this year. The next workshop will be on
January 14th.
Merry Christmas!
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
Dear colleague,
as organizing chair I want to invite you to the international conference on
Economics and Management of Networks (EMNet 2005) (see
www.univie.ac.at/EMNET).
This conference will take place in Budapest, September 15 - 17, 2005.
Best regards,
Josef
Please send this message to colleagues and friends!
--
Josef Windsperger, PhD
Associate Professor of Organization and Management (ao. Univ.-Prof.)
University of Vienna, Center for Business Studies
Bruenner Str. 72; A-1210 Vienna, Austria
Phone: ++431 4277 38180; Fax: ++431 4277 38174
Email: josef.windsperger(a)univie.ac.at
URL: http://www.univie.ac.at/im
An der Abteilung für Quantitative Betriebswirtschaftslehre und Operations
Research (http://www.wu-wien.ac.at/inst/or/tafel.html),
Wirtschaftsuniversität Wien (http://www.wu-wien.ac.at) ist voraussichtlich
ab 1. Jänner 2005 bis 31. Dezember 2008 1 Posten für einen
Wissenschaftlichen Mitarbeiter/eine Wissenschaftliche Mitarbeiterin,
vollbeschäftigt, (ArbeitnehmerIn der Wirtschaftsuniversität Wien gem. § 128
UG 2002 idgF), ersatzmäßig zu besetzen.
Notwendige Kenntnisse und Qualifikationen:
EU-Bürger/in, abgeschlossenes Studium der Sozial- und
Wirtschaftswissenschaften oder Mathematik oder Informatik oder
Wirtschaftsinformatik
Erwünschte Kenntnisse und Qualifikationen:
Eignung zur Mitarbeit in Lehre (insbesondere Finanzierung) und Forschung
der Abteilung, Mitarbeit im organisatorisch-administrativen Bereich der
Abteilung, Unterstützung der Abteilung in allen EDV- Belangen
(EDV-Beauftragte/r der Abteilung), insbesondere Administration des
Abteilungsservers (LINUX) und WEB-Design (HTML) zur Betreuung der
Abteilungshomepage
Kennzahl: 30605
Schriftliche Bewerbungen mit Lebenslauf und Angabe über den Studienerfolg
(ohne Originalzeugnisse) sind unter Angabe der angeführten Kennzahl an die
PERSONALABTEILUNG der Wirtschaftsuniversität Wien, Augasse 2-6, 1090 Wien
zu richten.
Ende der Bewerbungsfrist: 15. Dezember 2004
Bitte die Kennzahl unbedingt anführen!
Mit freundlichen Grüßen
Michaela Nettekoven
-------------------------------------------------------------
Univ. Ass. Dr. Michaela Nettekoven
Wirtschaftsuniversitaet Wien
Abt. f. Quantitative Betriebswirtschaftslehre und Operations Research
UZA 4, 4. Stock, Bauteil D
Nordbergstraße 15, A - 1090 Wien
Tel.: (++43)-1-31336-4561, Fax: (++43)-1-31336-708
E_mail: michaela.nettekoven(a)wu-wien.ac.at
Web: <http://www.wu-wien.ac.at/wwwu/institute/or/tafel.html>
--------------------------------------------------------------
Invitation
The Second MTS Conference on Financial Markets:
The Organisation and Performance of Fixed-Income Markets
Hosted by Universität Wien und ISK Wien
Palais Coburg, 16-18 December 2004
PLEASE REGISTER BY FRIDAY, NOVEMBER 26 AT ISK(a)ISKWIEN.AT
(no conference fee, but registration is required)
Preliminary Programme:
http://www.iskwien.at/upload/Preliminary_Programme_Vienna.pdf
--------------------------------------------------------------
Thursday, December 16
13.15 Welcome by Marco Pagano
14.00 Session 1 - Secondary Markets, Chair: Gustavo Piga
Automation versus Intermediation: Evidence from Treasuries Going Off the Run
M. Barclay, T. Hendershott, K. Kotz
Discussant: G. Garbi
Financial Intermediation and the Costs of Trading in an Opaque Market
R. Green, B. Hollifield, N. Schurhoff
Discussant: C. D'Souza
MTS Time Series
A. Dufour
Key Note Address
Chester Spatt
Moderator: Bruno Biais
Friday, December 17
8.30 Session 2 - Primary Markets, Chair: Ernst-Ludwig von Thadden
Illiquidity Spillovers: Theory and Evidence from European Telecom Bond Issuance
Y. Newman, M. Rierson
Discussant: A. Melnik
Order Flow and the Formation of Dealer bids: An Analysis of Information and Strategic Behaviour in the Government of Canada Security Auctions
A. Hortacsu, S. Sereen
Discussant: C. Upper
Dicriminatory Auctions with Seller Discretion: Evidence from German Treasury Auctions
J. Rocholl
Discussant: A. Hortacsu
13.30 Session 3 - Liqudity and Risk, Chair: Giorgio Basevi
Flight to Quality, Flight to Liquidity, and the Pricing of Risk
D. Vayanos
Liquidity Discovery and Asset Pricing
M. Gallmeyer, B. Hollifield, D. Seppi
Discussant: V. Acharya
Welcome by Prof. Niels Thygesen
Roundtable: Bond Market: Liquidity, Risk and Regulation, Chair: A. Lamfalussy
A. Grünbichler, T. Padoa Schioppa, G. Szapary
Saturday, December 18
9.00 - 13.30 Press Sessions
--------------------------------------------------------------
Further information:
Dr. Otto Randl
Institut für strategische Kapitalmarktforschung
Coburgbastei 4/1
T: +43 (1) 518 18 - 900
F: +43 (1) 518 18 - 920
E: otto.randl(a)iskwien.at
Registration: isk(a)iskwien.at
There is no conference fee, but registration is required.
Due to the limited number of participants please register asap.
--------------------------------------------------------------
AUSSCHREIBUNG
An der Abt. Finanzwirtschaft und Controlling
(http://www.imw.tuwien.ac.at/fc/), Institut für Institut für
Managementwissenschaften, der Technischen Universität Wien
(http://www.tuwien.ac.at/), ist voraussichtlich
ab 1.12.2004
auf die Dauer von 6 Jahren
eine Stelle für einen/eine Universitätsassistenten/in zu besetzen.
Beschäftigungsausmaß:
vollbeschäftigt
Aufnahmebedingungen:
einschlägig abgeschlossenes Doktoratsstudium bzw eine gleichwertige
wissenschaftliche Befähigung
Sonstige Kenntnisse:
Rechnungswesen und Risikocontrolling
Bewerbungsfrist:
bis 8.12.2004
Bewerbungen sind an die Personalabteilung I
(http://www.tuwien.ac.at/zv/pers1/ bzw.
http://info.tuwien.ac.at/histu/inst/0104.html) der TU Wien, Karlsplatz
13, A-1040 Wien, zu richten.
Für weitergehende Auskünfte steht
a.o.Univ.-Prof. Dr. Wolfgang Aussenegg
(Email: waussen(a)pop.tuwien.ac.at)
zur Verfügung.
Mit freundlichen Grüßen,
Wolfgang Aussenegg
--
***********************************************************
a.o.Univ.-Prof. Dr. Wolfgang Aussenegg
Institut für Managementwissenschaften
Abt. Finanzwirtschaft und Controlling
Technische Universität Wien
Phone: +43-1-58801 - 33082
Fax: +43-1-58801 - 33098
E-mail: waussen(a)pop.tuwien.ac.at
Web: http://info.tuwien.ac.at/E330/
Adresse: Favoritenstraße 9-11
A-1040 Wien
Österreich
CCEFM/IHS Workshop
Andrew Ellul, Indiana University
External Governance and Debt Agency Costs of Family Firms
The paper can be downloaded from
http://www2.wuwien.ac.at/ccefm/activities/workshops.htm
Friday, December 3rd, 3.30-5.00 pm, Wiener Börse, Wallnerstrasse 8, 1010
Wien
----------------------
The next workshop after this one will be by:
Youchang Wu and Josef Zechner, University of Vienna
Closed-end Fund Governance, Portfolio Performance, and the Discount
Friday, December 10th, 3.30-5.00 pm, Location: (!) BWZ HS 9 (!)
----------------------
Alfred Lehar
University of Vienna
Bruenner Strasse 72
A-1210 Wien
Austria / Europe
Tel: +43 1 4277 38077
Fax: +43 1 4277 38074
EINLADUNG ZUM 19. WORKSHOP DER AUSTRIAN WORKING GROUP ON BANKING AND
FINANCE
Freitag, 26. 11., 14.00 - 18.30
Samstag, 27. 11., 9.00 - 12.45
Wirtschaftsuniversität Wien
Augasse 2-6, 1090 Wien
Hörsaal 01, UZA1, Kern A
Das Programm der Veranstaltung und eine Möglichkeit zur Anmeldung sind
unter http://www.wu-wien.ac.at/wwwu/institute/ikw/hp/awg19.html
abrufbar. Anmeldeschluss ist der 24. 11. 2004.
Auf Ihr Kommen freuen sich die Abteilung für Betriebliche Finanzierung
und das Institut für Kreditwirtschaft an der Wirtschaftsuniversität
Wien.
Mit freundlichen Grüßen
Stefan Bogner Stefan Pichler
-------------------
Stud. Ass. Cüneyt KAZOKOGLU
Wirtschaftsuniversität Wien
Institut für Kreditwirtschaft
UZA 4, 6. Stock Kern B
Nordbergstraße 15
A-1090 Wien
Tel: ++43 1 31336 4686
Fax: ++43 1 3100580
E-mail: cuneyt.kazokoglu(a)wu-wien.ac.at
Web: http://www.wu-wien.ac.at/wwwu/institute/ikw/
---------------------
INVITATION TO
GUTMANN CENTER SYMPOSIUM ON HEDGE FUNDS
November 29th, 2004
University of Vienna
Dr. Karl Lueger-Ring 1, 1010 Wien
Program as pdf:
http://gutmann-center.univie.ac.at/bridging/gutmann_symposia/200
4_on_hedge_funds/Symp04-Folder.pdf
REGISTRATION IS REQUIRED!:
gutmann.bwl(a)univie.ac.at
Further information:
www.gutmann-center.at
In cooperation with: www.diepresse.com
----------------------------------------------------------------
-----------------
In times of falling stock markets and not very promising bond
markets, investors are looking for alternatives. Hedge Funds
promise stable and attractive returns both during rising as well
as falling marketsbut come with the disadvantage that they are
frequently a black box for investors.The internationally
recognized speakers at our symposium will shed some light on
this hot topic from an academic as well as a practitioner's
point of view.
PROGRAM
08.30 - 09.00 Registration (Kleiner Festsaal)
09.00 - 09.15 Welcome (Kleiner Festsaal)
Josef Zechner, University of Vienna
Session 1 (Kleiner Festsaal)
Chair: Josef Zechner, University of Vienna
09.15 - 09.45 Mila Getmansky, Isenberg School of Management at
UMASS
"The Life Cycle of Hedge Funds: Fund
Flows, Size and Performance"
Discussant: Stefan Pichler, Vienna
University of Economics and BA
09.45 - 10.15 Julien Hugonnier, University of Lausanne
"Mutual Fund Portfolio Choice in the
Presence of Dynamic Flows"
Discussant: Thomas Dangl, Vienna
University of Technology
10.15 - 10.45 Narayan Y. Naik, London Business School
"Flows, Performance, and Managerial
Incentives in Hedge Funds
Discussant: Otto Randl, ISK Vienna
10.45 - 11.15 - Coffee Break -
Session 2 (Kleiner Festsaal)
Chair: Klaus Spremann, University of St. Gallen
11.15 - 11.45 Ryan J. Davies, Babson College
"Fund of Hedge Funds Portfolio
Selection:
A Multiple-Objective Approach"
Discussant: Steven Thorley, Brigham
Young University
11.45 - 12.15 Terry Marsh, Quantal Inc./ UC Berkeley
"Equity Market Neutral Hedge Funds"
Discussant: Engelbert Dockner,
University of Vienna
12.15 -12.45 Oleg Bondarenko, Washington University in St.
Louis
"Market Price of Variance Risk and
Performance of Hedge Funds"
Discussant: Shmuel Kandel, Tel Aviv
University
12.45 - 14.15 - Lunch Buffet -
PARALLEL SESSIONS:
Session 3a Parallel Session I (Kleiner Festsaal)
Chair: Shmuel Kandel, Tel Aviv University
14.15 14.45 Martin Ruckes, University of Wisconsin-Madison
"Liquidity, Borrowing Structure, and
Limits to Arbitrage"
Discussant: Alfred Lehar, University of
Vienna
14.45 15.15 Maria Vassalou, Columbia University
"Corporate Innovation and its Effects on
Equity Returns"
Discussant: Neal Stoughton, University
of Calgary
15.15 15.45 Kuan Xu, Dalhousie University
"Myopic Loss Aversion and Margin of
Safety"
Discussant: Elroy Dimson, London
Business School
Session 3b Parallel Session II (Hörsaal 16)
Chair: Terry Marsh, Quantal
International Inc./ UC Berkeley
14.15 14.45 George O Aragon, Boston College
"Share Restrictions and Asset Pricing
Evidence from the Hedge Fund Industry"
Discussant: Peter Pope, Lancaster
University
14.45 15.15 Yong Chen, Boston College
"Timing ability in the focus market of
hedge funds"
Discussant: Michael Halling, University
of Vienna
15.15. 15.45 Robert Kosowski, INSEAD
"Is Stellar Hedge Fund Performance for
Real?"
Discussant: Robert Korajczyk,
Northwestern University
Panel Discussion (Kleiner Festsaal)
16.00 - 17.30 Hedge Funds Temporary Fad or Here to Stay?
Chair: Michael Prüller, Die Presse
Discussants:
- Elroy Dimson, London Business
School
- Terry Marsh, UC Berkeley/
Quantal International Inc.
- Friedrich Strasser, Bank Gutmann
AG
- Josef Zechner, University of
Vienna
----------------------------------------------------------------
-----------
Gutmann Center for Portfolio Management
University of Vienna
Bruenner Strasse 72
A-1210 Wien/Vienna
Austria
Phone: +43-1-4277-38186
Fax: +43-1-4277-38074
e-mail: gutmann.bwl(a)univie.ac.at
Homepage: www.gutmann-center.at