Mar
31
Fri
The Effects of Formal and Informal Controls on Organizational and Market Risk @ Tower 200 - The Buckhead Center, J. Mack Robinson College of Business
Mar 31 @ 12:00 pm – Apr 1 @ 4:00 pm

Program  | Background Papers  | Register Now 

A conference sponsored by the Center for the Economic Analysis of Risk (CEAR) and the School of Accountancy at Georgia State University

Overview

As the financial crisis of 2007-2008 and the Great Recession have demonstrated, risk-taking by managers can have drastic consequences not only for their own firms but also for markets and economies. The purpose of this conference is to bring together academic researchers at the frontier of research examining the effects of formal and informal controls on risk-taking behavior. The program will include a keynote speaker and 8 research papers that use experimental, archival, or theoretical methods to advance our understanding of the effects of formal and informal controls on organizational and market risk. A small number of review papers may also be included in the program. The goal of the conference is to encourage the application of multiple perspectives to stimulate dialogue between researchers and policy makers. The keynote speaker for the conference is Paul Fischer of the Wharton School.

Topics

Examples of research topics suitable for the conference include the following:

  • What differentiates formal controls from informal controls and how do they interrelate?
  • What are the effects of financial incentives and other formal controls on risk-taking behavior?
  • What are the effects of corporate culture and other informal controls on risk-taking behavior?
  • What roles do formal and informal controls play in corporate governance?
  • Can formal controls deteriorate informal controls such as trust and trustworthiness?
  • How can auditors incorporate informal controls in their assessment of risk?
  • How can researchers incorporate informal controls within traditional principal-agent theory?

Organizers

Organizers of this conference include Xiaohua Fang, Matthew DeAngelis, Michael Majerczyk, Douglas Stevens (Chair), and Ivo Tafkov of the School of Accountancy at Georgia State University.

Paper Submission Procedure

Is now closed. Submissions will be blind-reviewed by the Program Organizers and selections will be made by October 31. CEAR will provide accommodations and financial support for travel expenses to authors whose papers are accepted for the conference; subject to CEAR guidelines – cear.gsu.edu/workshop-reimbursement-process/. Any questions may be directed to cear@gsu.edu.

Registration

Registration – CEAR/Accountancy Conference 2017



  • University, Company, Etc.
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Apr
7
Fri
Financial Market Design @ CEAR Seminar Room (RCB 1122)
Apr 7 all-day
Preliminary Program 

A conference sponsored by the Center for the Economic Analysis of Risk (CEAR) and the Department of Risk Management and Insurance at Georgia State University

Overview

The goal of this workshop is to present cutting edge research related to financial market design. These are important markets that can be inherently risky. The design and implementation of financial markets have important implications in terms of risk hedging and overall market efficiency.

Organizer

The organizer of this conference is Ahmad Peivandi, Assistant Professor of Risk Management and Insurance in the J. Mack Robinson College of Business at Georgia State University.

Confirmed Attendees

  • Ayan Bhattacharya – Baruch College
  • Lawrence Glosten – Columbia Business School
  • Albert “Pete” Kyle – University of Maryland
  • Albert Menkveld – VU University Amsterdam
  • Andreas Park – University of Toronto
  • Ahmad Peivandi – Georgia State University
  • Haoxiang Zhu – MIT

Registration

There is no cost to attend the workshop, and registration is done on a first-come, first-served basis. If you’d like to attend the workshop, please register your interest below. CEAR staff respond to requests usually within 48 hours to confirm registration.

Registration – Financial Market Design

Use the form below to register your interest to attend the workshop on Financial Market Design hosted on 4/7/2017.



    Please help us manage our catering needs. If you’re joining the workshop for the entire day or for the presentations either immediately before or after lunch time, we’re happy to count you as part of our reservation. Lunch is free for participants and attendees.

Apr
28
Fri
Delay as Agenda Setting @ RCB - 1122 (CEAR Seminar Room)
Apr 28 @ 10:30 am – 12:00 pm

Speaker Name: Dennis Yao
Affiliation: Harvard GSB
Location: RCB – 1122 (CEAR Seminar Room)
Download Paper

ABSTRACT: In this paper we examine a class of dynamic decision-making processes that involve endogenous commitment. Our analysis is relevant to group decision making settings as well as to hierarchical decision making settings in which, for example, subordinates attempt to influence their superiors. An inability to commit leads to the possibility of strategic delay by decision participants who differ in their preferences and are limited by the resources they can allocate to influencing decisions. We focus on sources of delay caused by the strategic interaction of decision makers over time and find that the opportunity to delay decisions leads the participants to sometimes act against their short-run interests. Two classes of activity of this type emerge which we refer to as focusing and pinning. We also explore how strategic delay alters the benefits from agenda setting.

May
5
Fri
2017 GSU CEAR-Finance Conference: Recent Advances in Corporate Governance @ GSU Buckhead Center
May 5 – May 6 all-day
Download Program 

 

Registration can be completed at the bottom of this page.

Overview

A growing body of empirical and theoretical work highlights the strong connections between the fields of law and finance. Today’s finance researchers rely heavily on the characteristics of legal institutions and contracts to explain the behavior of corporations and markets, while today’s scholars in law and finance draw on financial theories and data to critically examine the organization and structure of law. Indeed, it is becoming increasingly common for law and finance scholars to work together in pursuing their research endeavors. This conference brings together top researchers in the fields of law and finance to discuss the topics that are of cutting-edge importance. The conference program covers theoretical and empirical approaches to better understand the issues, and integrate perspectives from both the law and corporate governance areas.

Organizers

Alon Brav (Duke University) and Hadiye Aslan (Georgia State University) are the co-organizers of this conference. Contact Alon Brav at brav@duke.edu or Hadiye Aslan at haslan@gsu.edu about the program of the conference, and Mark Schneider at cear@gsu.edu for questions about participation and logistics.

Sponsors

The conference is funded by the Center for the Economic Analysis of Risk (CEAR) and the Department of Finance, both located in the J. Mack Robinson College of Business at Georgia State University.

Confirmed Attendees

  • Manuel Adelino (Duke University)
  • Hadiye Aslan (Georgia State University)
  • Adam Badawi (Washington University in St. Louis, School of Law)
  • Alon Brav (Duke University)
  • Mike Burkhart (London School of Economics)
  • Emiliano Catan (NYU School of Law)
  • Lauren Cohen (Harvard Business School)
  • Alex Edmans (London Business School)
  • Vyacheslav (Slava) Fos (Boston College)
  • Xavier Giroud (MIT)
  • Dalida Kadyrzhanova (Georgia State University)
  • Jon Karpoff (University of Washington)
  • Roy J. Katzovicz (Chairman of Saddle Point Group, LLC)
  • Doron Levit (University of Pennsylvania)
  • Inessa Liskovich (University of Texas at Austin)
  • Song Ma (Yale University)
  • Scott Murrary (Georgia State University)
  • Frank Partnoy (University of San Diego, School of Law)
  • Richard D. Phillips (Georgia State University)
  • Giorgia Piacentino (Washington University in St. Louis)
  • Michael Piwowar (U.S. Securities and Exchange Commission)
  • Ed Rock (NYU School of Law)
  • Zhen Shi (Georgia State University)
  • Kelly Shue (University of Chicago)
  • Steven Davidoff Solomon (University of California, Berkeley School of Law)
  • Baozhong Yang (Georgia State University

Location

The conference will be held at the Georgia State University Buckhead Center, in Room 1203 on the 12th floor of Tower Place 200, 3348 Peachtree Rd. NE, Atlanta, GA 30326. Detailed directions can be found on the Buckhead Center’s webpage and will also be included in the program.

Lodging

If you are a presenter, discussant, or a special guest of the Conference, you should make your lodging arrangements directly with CEAR at cear@gsu.edu. For all other guests, CEAR recommends lodging at any of the nearby hotels, all within a short walk of the Conference venue: Courtyard by Marriott Atlanta – Buckhead, which is located at 3332 Peachtree Road NE, Atlanta, GA 30326; the DoubleTree by Hilton – Buckhead, which is located at 3342 Peachtree Road NE, Atlanta, GA 30326; or the Grand Hyatt in Buckhead, which is located at 3300 Peachtree Road NE, Atlanta, GA 30305.

Registration

There is no cost to attend the conference, and registration is accepted on a first-come, first-served basis. If you would like to attend the conference, please register your interest below. CEAR staff usually respond to requests within 48 hours to confirm registration.

Registration – 2017 CEAR-Finance Conference

Use the form below to register your interest to attend the conference on Recent Advances in Corporate Governance hosted on 5/5/2017 & 5/6/2017.



    Please help us manage our catering needs. If you are joining the workshop for the entire day or for the presentations either immediately before or after lunch time, we are happy to count you as part of our reservation. These meals are free for participants and attendees.

Jun
12
Mon
Conference on Risk and Risky Behavior
Jun 12 – Jun 13 all-day

Submission – Call for Papers  | Announcement – Call for Papers 

General Information

Many individuals, adults, adolescents, and children engage in a host of risky behaviors that could have significant ramifications in the short-term and long-term. These behaviors often involve a trade-off between short-term benefits and long-term costs, both subjectively perceived. Examples of such behaviors include crime and delinquency, smoking, alcohol and substance abuse, suicidal behavior, reckless driving and driving under the influence, underage sexual activity and sexual behaviors that contribute to unintended pregnancy and sexually transmitted diseases, and poor diets and sedentary lifestyles leading to obesity. These behaviors are major source of preventable deaths and impose substantial costs on those who engage in them and society.

The meeting will bring together economists and researchers from other disciplines who work on the analysis of risky behaviors. We seek to advance understanding of the causes and consequences of risky behaviors, and to evaluate policies aimed to mitigate or manage the cost of these behaviors. We seek high quality academic work that enriches, refines, and challenges our understanding of the broad array of issues related to the analysis of risky behaviors. Papers should be unpublished at the time of submission.

The highlight of the 2017 meeting is a keynote lecture to be delivered by Professor Eric Johnson, Columbia University, on “Why Is Insurance so Difficult for Consumers?” He is the Norman Eig Professor of Business at the Columbia Business School, and has published widely in marketing, psychology, decision sciences, economics and public policy:

www8.gsb.columbia.edu/cbs-directory/detail/ejj3.

He is also the Director of the Center for Decision Sciences at Columbia:

www8.gsb.columbia.edu/decisionsciences/

Organizers

Glenn Harrison (Georgia State University and CEAR), Morten Lau (Copenhagen Business School) and Erdal Tekin (American University and NBER) are the organizers of this workshop.  Funding is being provided by the Center for the Economic Analysis of Risk at Georgia State University, School of Public Affairs at American University, Copenhagen Business School, and the Andrew Young School of Policy Studies at Georgia State University. Contact corresponding organizer Erdal Tekin tekin@american.edu about the substance of the workshop, and Mark Schneider at cear@gsu.edu with questions about participation and logistics.

Location

Copenhagen Business School, located in Frederiksberg, close to the heart of Copenhagen, Denmark: see http://www.cbs.dk/en.

Financial Support

One author of accepted papers will be provided standard economy-class airfares and hotel accommodation, subject to the usual university restrictions. The small registration fee to cover lunch and coffee break costs will be waived for presenters.

Participation

There is a small registration fee for participation, which is also subject to capacity. Applications for participation should be made by May 1, 2017, to cear@gsu.edu.

Submissions

Deadline for submission is April 1, 2017. Final decisions will be made by April 15,2017, although earlier submissions will be evaluated as they come in and decisions made as soon as possible. Full papers are preferred, but extended abstracts will be considered.

Call for Papers – Conference on Risk and Risky Behavior

  • Deadline to submit a paper is 1 April 2017






  • Accepted file types: pdf.
    *Note only PDF files may be uploaded.

Jul
25
Tue
4th Annual CEAR – Huebner Summer Risk Institute 2017 @ CEAR
Jul 25 – Jul 26 all-day

Register Now 

CEAR/Huebner Summer Risk Institute aims to expose Ph.D. students and faculty interested in risk and uncertainty to relevant cutting-edge models, tools, and theory. The targeted audience includes faculty and Ph.D. students interested in the economics of risk but who are located at colleges and universities that do not have access to specialized Ph.D. seminars courses covering the most recent research advances in these areas. The institute consists of lectures given by leading scholars in the fields of risk and uncertainty.

The fourth annual institute will be held July 25 to July 26, 2017 in Atlanta. The institute is sponsored by Georgia State University’s Center for the Economic Analysis of Risk (CEAR, cear.gsu.edu) and the S.S. Huebner Foundation for Insurance Education.

Speakers:
Levon Barseghyan (Cornell University)
“Estimating Risk Preferences using Market Data: Challenges and New Methods”
July 25-July 26; 10:00am-12:00pm

Damir Filipović (Swiss Finance Institute & Ecole Polytechnique Fédérale de Lausanne)
“Polynomial Jump-Diffusion Models”
July 25-July 26; 1:00pm-3:00pm

Christian Gollier (Toulouse School of Economics)
“Aversion to risk of regret and preference for positively skewed risks”
July 26; 3:15pm-4:30pm

Further Information  and additional background information can be accessed at Georgia State University’s Department of Risk Management and Insurance.

Registration

4th Annual CEAR-Huebner Summer Risk Institute 2017

Please register your interest to attend this event. A notice will be sent to the event coordinator and yourself.



  • University, Company, Etc.
    Presenters should select ‘Yes’ here.
  • While we would like to be able to provide lodging support to all of our guests, we do need to operate under a budget. We will monitor the number of people registered for the event and will decide how many guests we are able to cover the cost for. So, even after registering your intent here, we cannot guarantee funding at this time.
  • This field is for validation purposes and should be left unchanged.

Oct
16
Mon
Prospect Theory as a Model of Risky Choice: Descriptive and Normative Assessments @ University College Cork
Oct 16 – Oct 17 all-day

General Information

Prospect theory, as originally developed and subsequently refined by Kahneman and Tversky, is widely regarded as the most sophisticated theoretical achievement of behavioral economics. Its great importance, especially with respect to the concepts it introduced, is beyond serious dispute. However, like any major scientific model, it is vulnerable to being interpreted as dogma, as a statement of truth that can be used as an argument-stopper and as a basis for sweeping rejection of perspectives with which it is in tension. Empirical investigations of prospect theory, both in its original (1979) articulation and its ‘cumulative’ (1992) version that accommodates econometric identification and estimation, are equivocal in their results, certainly more interesting than straightforward ‘confirmation’ or ‘refutation’. Additionally, important questions about prospect theory’s completeness or adequacy as a descriptive theory of choice under risk and uncertainty spill over into problems of normative assessment, about welfare and well-being, raised by behavioral and experimental economics. At a time when more and more governments and companies are adopting policies and strategies based on their interpretations of results from behavioral economics, joint assessment of prospect theory’s descriptive and normative authority is directly relevant to management of institutional, political, environmental, and personal risk. In this workshop we will bring together economists and philosophers to critically review the empirical status of prospect theory, in both original and cumulative forms, along with the implications of this status for public, corporate and household policies.

Organizers

Glenn Harrison (CEAR, Georgia State University), and Don Ross (University College Cork, University of Cape Town, and CEAR) are the organizers of this workshop. Funding is being provided by CEAR: see cear.gsu.edu for more information. Standard travel and accommodation support for paper presenters will be provided. Should you have questions, please contact Professor Don Ross at don.ross931@gmail.com about the substance of the workshop, and contact Mark Schneider cear@gsu.edu with questions about participation and logistics.

Dates & Times

Monday, October 16, 2017 – 08:55 to 18:00. Refreshments and lunch will be provided.
Monday, October 16, 2017 – 20:00 – Dinner for invited guests.
Tuesday, October 17, 2017 – 10:00 to 17:00. Refreshments and lunch will be provided.

Contact Mark Schneider at cear@gsu.edu should you have any dietary restrictions or special needs.

Location

The workshop will be held at University College Cork, Republic of Ireland: http://www.ucc.ie/en/. Presenters will be accommodated at Hayfield Manor Hotel, http://www.hayfieldmanor.ie, Cork’s 5-star hotel that embodies the ambient charm and historical depth of Ireland’s special culture.

Cork is the Irish Republic’s second city, European headquarters of Apple and other major companies, and famous for traditional artisanal foods, Murphy’s and Beamish stout ales, and historic architecture. http://www.irishexaminer.com/lifestyle/travel/hidden-gems-the-best-things-to-do-in-cork-332551.html

Travel

Cork Airport is directly served from various airports in the United Kingdom, plus Amsterdam, Paris, Munich, and Reykjavik. Iceland’s WOW airline connects Cork to various North American destinations via Reykjavik. All major airline hubs abroad are connected to Dublin Airport, from which Cork is reached under 3 hours by overland shuttles.