***Session 4:Market Microstructure


*Illiquidity and Stock Returns ? II: Cross-section and Time-series Effects

Yakov Amihud (New York Univ.)
Joonki Noh* (Case Western Reserve Univ.)


*Do Put Warrants Unwind Short-Sale Restrictions? Further Evidence from the Taiwan Stock Exchange

Yi-Wei Chuang* (Feng Chia Univ.)
Wei-Che Tsai (National Sun Yat-sen Univ.)
Pei-Shih Weng (National Dong Hwa Univ.)


*Call Auction Design and Closing Price Manipulation: Evidence from the Hong Kong Stock Exchange

Seongkyu Gilbert Park* (Hong Kong Polytechnic Univ.)
Wing Suen (Univ. of Hong Kong)
Kam-Ming Wan (Hanken School of Economics)


***Session 5: Options

*Traders’ Rule and the Long-term Options

Sol Kim (Hankuk Univ. of Foreign Studies)
In Jung Song* (Hankuk Univ. of Foreign Studies)


*Estimation of Stochastic Volatility and Option Prices

Suk Joon Byun (KAIST)
Jung-Soon Hyun (KAIST)
Woon Jun Sung* (KAIST)


*Semivariance and Semiskew Risk Premiums in Currency Markets

Jose Da Fonseca* (Auckland Univ. of Technology)
Edem Dawui (World Bank)


*** Session 6: Corporate Finance

*Technological Fit and the Market for Managerial Talent

Fred Bereskin (Univ. of Missouri) Seong
K. Byun (Virginia Commonwealth Univ.)
Jong-Min Oh* (SungKyunKwan Univ.)


*Derivatives Use and the Value of Cash Holdings: Evidence from U.S. Oil and Gas Industry

Sanghak Choi (UNIST)
Hyeonung Jang (UNIST)
Daejin Kim* (UNIST)
Byoung Ki Seo (UNIST)


*Who Lends Before Banking Crises? Evidence from the International Syndicated Loan Market

Mariassunta Giannetti (Stockholm School of Economics)
Yeejin Jang* (Univ. of New South Wales)