Discussants: 
Min Dai, National University of Singapore 
Xudong Zeng, Shanghai University of Finance and Economics 
Jerome Detemple, Boston University 
Hagen Kim, Texas A&M University 
 
Options 
Neil Pearson, University of Illinois at Urbana-Champaign 
 
Option Listing and Information Asymmetry 
Jianfeng Hu, Singapore Management University 
 
Volatility and Expected Option Returns 
Guanglian Hu, University of Houston 
Kris Jacobs, University of Houston 
 
The Supply and Demand of S&P 500 Put Options 
George Constantinides, University of Chicago 
Lei Lian, University of Massachusetts Amherst 
 
The Peso Problem Hypothesis: The Evidence from the S&P 500 Options 
Market 
Chu Zhang, Hong Kong University of Science and Technology 
Ti Zhou, Hong Kong University of Science and Technology 
 
Discussants: 
Artem Neklyudov, University of Lausanne and SFI 
Chu Zhang, Hong Kong University of Science and Technology 
Sophie Ni, Hong Kong University of Science and Technology 
Dashan Huang, Singapore Management University 
 
Risk and Investment 
Pab Jotikasthira, University of North Carolina at Chapel Hill 
 
Evaluating Investor-Paid Credit Ratings: An Investor Perspective 
Utpal Bhattacharya, Hong Kong University of Science and Technology 
Kelsey Wei, University of Texas at Dallas 
Han Xia, University of Texas at Dallas 
 
Investment and the Weighted Average Cost of Capital 
Murray Frank, University of Minnesota 
Tao Shen, School of Economics and Management, Tsinghua University  
 
Saving Long-term Investment from Short-Termism: the Surprising Role 
of Short Selling 
Massimo Massa, INSEAD 
Fei Wu, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong 
University 
Bohui Zhang, University of New South Wales 
Hong Zhang, PBC School of Finance, Tsinghua University 
 
Why Do U.S. Firms Invest Less Over Time? 
Fangjian Fu, Singapore Management University 
Sheng Huang, Singapore Management University 
Rong Wang, Singapore Management University 
 
Discussants: 
Di Li, Georgia State University 
Baolian Wang, Fordham University 
Yong Chen, Texas A&M University 
Ambrus Kecskes, York University 
 
公司金融 3 
刘俏, 北京大学光华管理学院 
 
官员腐败与企业藏富 
刘春, 中山大学 
李善民, 中山大学 
孙亮, 中山大学 
 
CEO 早年经历 1959-1961 三年困难时期对于公司财务决策的影响 
彭晓鹏, 清华大学 
李旻文, 清华大学 
 
基于组织复杂性的金融集团内部资本市场效率研究 
危平, 中南大学 
杨明艳, 中南大学 
 
评论人: 
杜巨澜，香港中文大学 
汤勇军，香港大学 
陕晨煜，  
  
Sunday, July 12, 2015, 8:30 am – 10:00 am 
 
Behavioral Finance: Pricing Effects 
K.C. John Wei, Hong Kong University of Science and Technology 
 
Probability Weighting and Asset Prices: Evidence from Mergers and 
Acquisitions 
Baolian Wang, Fordham University 
 
Trust and Local Bias 
Chishen Wei, Nanyang Technological University 
Lei Zhang, Nanyang Business School 
 
Investor Optimism, Sales Fixation and Firm Life Cycle 
Zhi Da, University of Notre Dame 
Ravi Jagannathan, Northwestern University 
Jianfeng Shen, University of New South Wales 
 
When Everyone Misses on the Same Side: Debiased Earnings Surprises 
and Stock Returns 
Chin-Han Chiang, Singapore Management University 
Wei Dai, Princeton University 
Jianqing Fan, Princeton University 
Harrison Hong, Princeton University 
Jun Tu, Singapore Management University 
 
Discussants: 
Mike Qinghao Mao, Erasmus University 
Wenxi Jiang, Yale University 
Tse-Chun Lin, University of Hong Kong 
Tao Shu, University of Georgia and Hong Kong University of Science and 
Technology 
 
Corporate Governance and M&As 
Fei Xie, Clemson University 
 
Target CEO Career Incentives and Takeover Bids 
Thomas Bates, Arizona State University 
Robert Parrino, University of Texas at Austin 
Qingqing Wu, North Carolina State University