DAY 1: THURSDAY, MAY 27
Sessions 1 through 26
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Thursday, May 27, 7:00-7:30 A.M.
JOIN Opening and Welcome Remarks
ALL PARTICIPANTS ARE INVITED TO ATTEND
GFC 2021 Program Co-Chair,
Florida International University
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Professor and Chair, Department of Finance
Florida International University
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GFA/GFC Executive Director & Program Co-Chair
Craig School of Business, California State University, Fresno
Thursday, May 27, 7:30-9:00 A.M.
Chairperson: Ehsan Nikbakht, Hofstra University. wallstreettutor@yahoo.com
AN INVESTIGATION OF BIASES IN INVESTMENT DECISION MAKING AMONG INDIAN INVESTORS
Srividya V, PSG Institute of Management, India, srividya.sathesh@gmail.com
V.Shripria, KCT Business School,
S.S.Manikandan, PSG Institute of Management
Competition and Earnings Management
Xibei Zheng, Texas Tech University, xibei.zheng@ttu.edu
Leyuan You, Texas State University
Pritam Saha from Texas Tech University
Corruption and Stock Price Volatility: Firm-level Evidence
Chandan Jha, Madden School of Business, Le Moyne College, jhack@lemoyne.edu
Tapas Mishra, University of Southampton,
Prateek Sharma, Indian Institute of Management
Sunny K. Singh, BITS Pilani
Agency Costs, Business Cycles, and Equity Prices
Adelphe Ekponon, University of Liverpool, Management School; a.ekponon@liverpool.ac.uk
JOIN Session 2 - Asset Allocation and Investment Advisers
Thursday, May 27, 7:30-9:00 A.M.
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Chairperson: Adam Zaremba; Montpellier Business School; Poznan University of Economics and Business; a.zaremba@montpellier-bs.com; adam.zaremba@wp.pl
Diversification and manager autonomy in fund families: implications for investors
RUTH GIMENO, University of Zaragoza, rgimeno@unizar.es
Cristina Ortiz, Universidad de Zaragoza,
Laura Andrew, Universidad de Zaragoza
Do Investment Advisers Herd in Office Location?
Tianyue Zhao, University of Pittsburg, tzhao@ollusa.edu
Jing Wei, Stony Brook University, New York
Fatemeh Zare,Technical University of Darmstadt, fatemeh.zare@tu-darmstadt.de
Salience Theory and the Cross-Section of Stock Returns: International and Further Evidence
Nusret Cakici; Fordham University; cakici@fordham.edu
Adam Zaremba; Montpellier Business School; Poznan University of Economics and Business; a.zaremba@montpellier-bs.com; adam.zaremba@wp.pl
JOIN Session 3 – Funds, Portfolio Concentration, and Monetary Policy
Thursday, May 27, 7:30-9:00 A.M.
Chairperson: Margherita Giuzio, European Central Bank margherita.giuzio@ecb.europa.eu
Active Mutual Funds: Beware of Smart Beta ETFs!
Thanh Dat Le, Auburn University, dtl0015@auburn.edu
Determinants of non-compliant equity funds with EU portfolio concentration limits
Luis Vicente, University of Zaragoza, lavicent@unizar.es
Lidia Loban, University of Zaragoza
Jose Luis Sarto, University of Zaragoza
Investment funds, risk-taking, and monetary policy in the euro area
Margherita Giuzio, European Central Bank, margherita.giuzio@ecb.europa.eu
Christoph Kaufmann, Ellen Ryan, Lorenzo Cappiello, European Central Bank
JOIN Session 4 – Crisis and Conflicts
Thursday, May 27, 7:30-9:00 A.M.
Chairperson: Ali Fatemi, Editor, Global Finance Journal, and DePaul University, Chicago; afatemi@depaul.edu
Asset Pricing with Realistic Crises Dynamics
Goutham Gopalakrishna, Ecole Polytechnique Federale de Lausanne, goutham.gopalakrishna@epfl.ch
Firm Responses to Violent Conflict
Diogo Mendes, Stockholm School of Economics, diogo.mendes@hhs.se
Amrit Panda, Indian Institute of Management Sambalpur, phd19amritp@iimsambalpur.ac.in
Soumya Guha Deb, Indian Institute of Management Sambalpur
JOIN Session 5 - Bond Market and Portfolio Management
Thursday, May 27, 7:30-9:00 A.M.
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Chairperson: Michael Frenkel, WHU, GERMANY - Michael.Frenkel@whu.edu
Quantitative ratings and the performance, risk, and flows of European bond mutual funds
Paulo Leite, Polytechnic Institute of Cávado and Ave, IPCA, pleite@ipca.pt
Luis Otero Gonzalez, University de Santiago,
Pablo Duran Santomil, University de Santiago
Renato Domingues, Polytechnic Institute of Tomar
Does Venture Capital Reputation Matter for Portfolio Firms’ Performance? Evidence from China
Hai LONG, Anhui International Studies University, soholonghai@163.com
Dynamic Portfolio Management with Machine Learning
Emmanouil Platanakis, University of Bath, School of Management, UK, E.Platanakis@bath.ac.uk
Xinyu Huang, University of Bath, Massimo Guido, Bocconi University,
David P. Newton, University of Bath
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JOIN Session 6 – Banking, Exposure, and New Apps
Thursday, May 27, 9:30-11:00 A.M. (PST)
Chairperson: Igor Rivera, EGADE Business School, Tecnológico de Monterrey, igrivera@itesm.mx
Bank Risk Exposure: The Time-varying Impact on Indian Commercial Banks
A. Karen, Indian Institute of Technology Madras, karennisha1983@gmail.com
R. Madhumathi, Indian Institue of Technology Madras
Commercial banks, venture capital and conflict of interest
Humberto Gallucci Netto, Unifesp, humberto.gallucci@unifesp.br
Antonio Gledson de Carvalho, Fundacao Getulio Vargas
DETERMINANTS ON THE USAGE OF BANKING APPS IN MÉXICO: A PRELIMINARY STATISTICAL STUDY ON LOYALTY
Igor Rivera, EGADE Business School - Tecnológico de Monterrey, igrivera@tec.mx
C. Fabiola Vásquez García, Technologico de Monterrey
JOIN Session 7 - Panel Presentation
Thursday, May 27, 9:30-11:00 A.M. (PST)
Teaching and Interface of Machine Learning (ml) in Engineering and Finance
Moderator: Dr. Rita Biswas. University at Albany, SUNY; rbiswas@albany.edu
Panelsits:
Dr. Hany Elgala, University at Albany, SUNY; helgala@albany.edu
Dr. Clemens Westerkamp, University of Applied Sciences Osnabrueck, c.westerkamp@hs-osnabrueck.de
Dr. Mechthild Schrooten, HS-Bremen, Germany , mechthild.schrooten@hs-bremen.de
Dr. Xiao Li, University at Albany, SUNY, xli43@albany.edu
Machine learning (ML) as a tool in our everyday life is here to stay. The sooner universities embrace ML into their curricula, the better prepared their graduates will be. A product’s life cycle begins at the ideation stage, progressing to the engineering stage, moving on to a prototype before maturing on to a commercially viable product - the business stage. ML serves as an aid to decision-making at each stage. Currently, ML is being taught in the classical fashion - at the engineering and business stages dichotomously. This panel explores the acceptance of ML at the intersection of engineering and business decision-making.
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JOIN Session 8 – Contagion, Languages, and Environment
Thursday, May 27, 9:30-11:00 A.M. (PST)
Chairperson: A. M. Parhizgari, FIU, parhiz@fiu.edu
Zedda Stefano, University of Cagliari, szedda@unica.it
Language, Uncertainty, and Foreign Direct Investment
Le Zhao, Florida International University, Lzhao006@fiu.edu
A.M. Parhizgari, Florida International University,
Marcos Velazquez, Florida International University,
Xiaomeng Lu, Florida International University,
Momentum and Market Volatility: A Bayesian Regime-Switching Model
Jia Cao, University of South Wales; jia.cao@southwales.ac.uk
Laurence Copeland, Cardiff University; laurence.copeland@gmail.com
The Economic Consequences of the Olympic Games: International Evidence on Cross-Listings
Li Yu, Department of Accountancy and Law, Hong Kong Baptist University lily_yu@life.hkbu.edu.hk
Albert Tsang, Hong Kong Polytechnic University; hl-albert.tsang@polyu.edu.hk
Kun Tracy Wang, Australian National University; kun.wang@anu.edu.au
Nathan Zhenghang Zhu, Australian National University; zhenghang.zhu@anu.edu.au
JOIN Session 9 - Blockchain and Cryptocurrency
Thursday, May 27, 9:30-11:00 A.M. (PST)
Chairperson: Laura Gonzalez, California State University - Long Beach laura.gonzalezalana@csulb.edu
Analysis of the influence factors of Bitcoin's price based on FMOLS estimator
Hassan Obeid, Ebs-Paris, hassan.obeid@gmail.com
Nadia Slimene, University of Sousse, Karim Kefi, ISTEC Business School
Blockchain in Pro-Social Peer-to-Peer Lending
Laura Gonzalez, California State University Long Beach, laura.gonzalezalana@csulb.edu
Cryptocurrency Factor Portfolios: Performance, Decomposition and Pricing Models
Weihao Han, University of Bath, wh587@bath.ac.uk
David Newton, University of Bath, Emmanouil Platanakis, University of Bath,
Charles Sutcliffe, University of Reading, Xiaoxia Ye, University of Liverpool
Are Cryptocurrencies Priced in the Cross-section? A Portfolio Approach
Adelphe Ekponon, University of Liverpool; a.ekponon@liverpool.ac.uk
Kassi Assamoi, MUFG Securities
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JOIN Session 10 - Share Repurchase and Equity Ownership
Thursday, May 27, 9:30-11:00 A.M. (PST)
Chairperson: Elyas Elyasiani, Temple University, Philadelphia, PA USA - elyas@temple.edu
Who Invests in and What Drives Equity Ownership Around the World
Ines Chaieb, University of Geneva and SFI, ines.chaieb@unige.ch
Vihang Errunza, McGill University
Yiliu Lu, McGill University
Wilbur Chen, Harvard Business School, wchen@hbs.edu
Suraj Srinivasan, Harvard University
Share Pledging and Corporate Securities Fraud
Jie Zhang, Trent University, jiezhang@trentu.ca
Lawrence Kryzanowski, Concordia University
Mingyang Li, Zhongnan University of Economics and Law
Sheng Xu, Zhongnan University of Economics and Law
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Institutional Ownership and Bank Failure
Elyas Elyasiani, Temple University
Jingyi Jia, Southern Illinois University
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JOIN Session 11 - KEYNOTE ADDRESS
Thursday, May 27, 11:30 A.M. - 1:00 P.M.(PST)
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Professor Kent Baker, American University, Washington, DC, USA
The dividend puzzle revisited
Professor Baker revisits the dividend puzzle, highlights the importance of survey research, and discusses the current state of dividend theories and practice.
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JOIN Session 12 – Governance and Boards
Thursday, May 27, 2021;1:30 – 3:00 PM (PST)
Chairperson: Karel Hrazdil, Simon Fraser University, karel_hrazdil@sfu.ca
Board Connections and CEO Successions
Joanna(Xiaoyu) Wang Joanna, Georgia State University, xwang58@gsu.edu
PRERECORDED:
https://www.dropbox.com/sh/vm6i4o5w4tjnalf/AABN8GPPNei00gP28fQMzzKVa?dl=0
Karel Hrazdil, Simon Fraser University, karel_hrazdil@sfu.ca
Xin LI, Simor Fraser University,
Nattavut Suwanyangyuan, Brock University
Paul Decaire, W.P., Arizona State University, paul.decaire@asu.edu
Denis Sosyura, Arizona State University
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JOIN Session 13 - ESG Rewards and Costs
Thursday, May 27, 1:30-3:00 P.M (PST)
Chairperson: Deanne Butchey, Florida International University, butcheyd@fiu.edu
Achieving Stability and Prosperity, the Chinese Way
Quan Cheng, University of the Fraser Valley, quan.cheng@ufv.ca
Alex Ng, Thompson Rivers University
Does it pay to be Green? Evidence from GCC Banking Sector
Rashedul Hasan, Coventry University, ad6284@coventry.ac.uk
Mohammad Dulal Miah, University of Nizwam Nizwa
M. Kabir Hassan, University of New Orleans
Binam Ghimire, Northumbria University, binam.ghimire@northumbria.ac.uk
JOIN Session 14 - Options Market and Pricing
Thursday, May 27, 1:30-3:00 P.M. (PST)
Chairperson: Edward Lawrence, Florida International University; elawrenc@fiu.edu
Unbridled Spirit: Illicit Markets for Bourbon Whiskey
Thomas Shohfi, Rensselaer Polytechnic Institute, shohft@rpi.edu
Conor Lennon, University of Louisville.
Informed Trading in Options Markets Surrounding Data Breaches
Heng(Emily) Wang, Oklahoma State University, heng.wang@okstate.edu
Louis R. Piccotti, Oklahoma State University.
Options Repricing Behavior and Investor Attention
Abhinav Sharma, Indian Institute Of Management Ahmedabad, phd16abhinavs@iima.ac.in
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JOIN Session 15 – COVID-19 Pandemic Impact Analyses
Thursday, May 27, 1:30-3:00 P.M. (PST)
Chairperson: Edgar Ortiz, Universidad Nacional Autonome de Mexico, acr2001mx@yahoo.com.mx
Can R&D investment reduce the impact of COVID-19 on firm performance? - Evidence from India
Shreya Biswas, Birla Institute of Technology and Science, Pilani, Hyderabad Campus, shreya@hyderabad.bits-pilani.ac.in
COVID-19 effects on the Canadian term structure of interest rates
Federico Severino, Université Laval, federico.severino@fsa.ulaval.ca
Marzia A. Cremona, Universite Laval
Eric Dadie, Universite Laval
COVID-19, Lockdowns, and States’ Cost of Borrowing
Nhu Tran, Binghamton University, ntran1@binghamton.edu
JOIN Session 16 – Covid-19, Stock Market Linkages, and Matching Pensions
Thursday, May 27, 1:30-3:00 PM (PST)
Chairperson: Manuel José Rocha Armada, University of Minho; mjramada@gmail.com
THE VALUE OF CORPORATE CASH HOLDINGS DURING THE COVID-19 PANDEMIC
Jan Pieter Veerhoek, University of Antwerp & Maastricht University, jan.veerhoek@student.uantwerpen.be
Marc Deloof, University of Antwerp and Mangement Schol
PRE-RECORDED LINK:
https://drive.google.com/file/d/18vRgTjgrr7pHowsEW1ewCm2-DQWb-C1j/view?usp=drivesdk
Guanming He, Durham University, guanming.he@durham.ac.uk
Xiaorong Li, Central University of Finance and Economics,
Jingbo Luo, Lanzhou University
Maturity transformation is an oxymoron: ways to match pensions and long-term assets
Anthony Asher, UNSW, a.asher@unsw.edu.au
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JOIN Session 17 - Investment and Patent
Thursday, May 27, 3:30-5:00 P.M.
Chairperson: Yochanan Shachmurove, University of New York, ys4624@nyu.edu
Returns of Chinese Patents in Technologically Intense Manufacturing Industries
Yochanan Shachmurove, University of New York, ys4624@nyu.edu
Yixiang Gao, New York University
Selective Learning and Price Over- and Under-reaction
Gleb Gertsman, Tilburg University, g.gertsman@uvt.nl
Selling winners, holding losers: Is it true for women?
Cristina Ortiz, Universidad de Zaragoza (Spain), cortiz@unizar.es
Laura Andrew, Universidad de Zaragoza
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JOIN Session 18 - PANEL PRESENTATION BLOCKCHAIN AND DIGITAL BREAKTHROUGHS
Thursday, May 27, 3:30-5:00 P.M.
Moderator: Ehsan Nikbakht, Hofstra University. Ehsan.Nikbakht@hofstra.edu
Panelists:
Hugo Benedetti, ESE Business School, Universidad de los Andes, Chile, hbenedetti.ese@uandes.cl
Krishnan Dandapani, Florida International University; dandapan@fiu.edu
M. Hashemi Joo, North Carolina A&T State University; mhashemijoo@gmail.com
Yuka Nishikawa, College of Charleston; nishikaway@cofc.edu
Giga Zukhubaia, Hofstra University, gzukhubaia1@pride.hofstra.edu
This panel considers selected possible applications of blockchain and related issues in the industry. It discusses the current trade settlement deficiencies and suggests methods to improve settlement through blockchain. The KYC processes and methods for enhancing accuracy and efficiency are first examined. Then, the panel discusses blockchain applications in payment systems and explores the potential of blockchain in crowdfunding and its limitations in the use of this technology. Finally, the panel addresses how adopting blockchain technology would help mitigate firms' risk from cybersecurity and prevent catastrophic events from occurring again in the future.
JOIN Session 19 - Bond Market Valuation and Defaults
Thursday, May 27, 3:30-5:00 P.M.
Chairperson: Stefano Pegoraro, University of Notre Dame, s.pegoraro@nd.edu
Bond market structure and volatility
Isarin Durongkadej, Georgia College, isarin.durongkadej@gcsu.edu
Louis Piccotti, Oklahoma State University
Issuance and Valuation of Corporate Bonds with Quantitative Easing
Prof. Stefano Pegoraro, University of Notre Dame, s.pegoraro@nd.edu
Mattia Montagna, European Central Bank
Chandan Jha, Madden School of Business, Le Moyne College, jhack@lemoyne.edu
Swarup Joshi, Loyola Marymount University, LA
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JOIN Session 20 - Methodology
Thursday, May 27, 3:30-5:00 p.m.
Chairperson: Alejandra Cabello, Universidad Nacional Autonome de Mexico, christianbucio@yahoo.com.mx
A Sector Rotation Strategy That Beats the Market Handily, Especially During Crises
Pratiksha Sharma, S P Jain School of Global Management, pratiksha.bs18bds010@spjain.org
Dhruvi Nishar, SP Jain
Vedant Kabra, SP Jain
Peyasha Sehgal, MIP
Debashis Guha, SP Jain
Larry Pohlman, University of Massachussets
Fourier State-Space Model of Market Liquidity: The Chinese Experience 2009-2010
Peter Lerner, Anglo-American University, Prague, pblerner18@gmail.com
Granular Gravity: Equity-Bond Returns and Correlation
Ali Abolghasemi, HEC Montreal, ali.abolghasemi@hec.ca
JOIN Session 21 – Bank Supervision, Microfinance, and Media Effect
Thursday, May 27, 3:30-5:00 P.M.
Chairperson: Maria E. de Boyrie, New Mexico State University, deboyrie@nmsu.edu
The real effects of bank supervision: evidence from on-site bank inspections
Andrea Passalacqua, Federal Reserve Board, andrea.passalacqua@frb.gov
Microfinance, Competition, and Growth
Asma Boussetta, University of Orléans, asma.boussetta@univ-orleans.fr
El Moctar Laghlal (University of Orleans) Reda marakbi (University of Artois)
The impact of traditional and modern media on financial stability
Nikolaos Papanikolaou, Newcastle University Business School, nikolaos.papanikolaou@newcastle.ac.uk
Yili Sun, Bournemouth University, UK
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JOIN Session 22 – Banking, Currency, and Leverage
Thursday, May 27, 5:30-7:00 P.M.
Chairperson: Helyoth Hessou, Universite de Sherbrooke, Quebec, CANADA, helyoth.hessou@usherbrooke.ca
From uncertainty to the instability of the banks: A global evidence.
BM Hakim Ali, University of Southampton Malaysia, bmhakimru@gmail.com
Md Akther Uddin, University of Creative Tech
M. Arifur Rahman, North South University
M Kabir Hassan, University of New Orleans
US and China International Competition and Foreign Exchange Rate Impact: A Multi-
Level Industry Analysis
Ahmed El-Shahat, Univ. of Pittsburg, aelshahat@katz.pitt.edu
Hsin-Yen Wen, Queens University Belfast,
Donal McKillop, Queens University Belfast,
Risk-based capital and leverage ratios adjustments by banks: Experience from Canada and the U.S
Prof. Helyoth Hessou, Universite de Sherbrooke, helyoth.hessou@usherbrooke.ca
Van Son Lai, University of Laval
JOIN Session 23 – ESG, Corporate Morale, and Equity Market
Thursday, May 27, 5:30-7:00 P.M.
Chairperson: Ivelina Pavlova-Stout, University of Houston-Clear Lake, pavlova@uhcl.edu
Spencer Barnes, Florida State University, sbarnes3@fsu.edu
The Sell in May Effect in ESG Stocks
Ivelina Pavlova-Stout, University of Houston-Clear Lake, pavlova@uhcl.edu
Jeffrey Whitworth, University of Houston
Maria E. de Boyrie, New Mexico State University
ESG rating events and stock market reactions
Maximilian Glück, Friedrich-Alexander-University Erlangen-Nuremberg, maximilian.glueck@fau.de
Benjamin Hubel; Hendrik Scholz, FAU GERMANY
JOIN Session 24 - Mixed Titles
Thursday, May 27, 5:30-7:00 P.M.
Chairperson: Andrew Spieler, Hofstra University, andrew.c.spieler@hofstra.edu
Mitigating Tax Evasion and Capital Flight in International Trade
Robinson Reyes Pena, Florida International University, roreyes@fiu.edu
Deanne Butchey, FIU
Jerry Haar, FIU
John S. Zdanowicz, FIU
Sink or Swim? Managerial Ability and Trade Credit
Andrew Spieler, Hofstra University, andrewspieler@yahoo.com
Md Hasan (Old Dominion University, Norfolk, VA, USA) and
Sayan Sarkar (Mary Washington University, Fredericksburg, VA)
Geopolitical risk and firm value: Evidence from emerging markets
Sasin Pringpong, Thammasat University, THAILAND. sasin-pri59@tbs.tu.ac.th
JOIN Session 25 – Governance: Innovation and Gender
Thursday, May 27, 5:30-7:00 P.M.
Chairperson: Hany Elgala, University at Albany, SUNY, helgala@albany.edu
Gender legislation in France: too soft to be true! Evidence from non-compliant Firms
Ouidad Yousfi, MRM, University of Montpellier, ouidad.yousfi@umontpellier.fr
Nadia Loukil, University of Tunis
DOES THE NOMINATION COMMITTEE MATTER FOR INNOVATION?
Meriam ATTIA, Research Unity “Montpellier Research in Management” MRM, University of Montpellier (France)., meriamattia@ymail.com
Ouidad Yousfi, University of Montpellier
Abdelwahed Omri, University of Tunis
Tianyue Zhao, Our Lady of the Lake University, tzhao@ollusa.edu
JOIN Session 26 - Capital Structure and Political Factors
Thursday, May 27, 5:30-7:00 P.M.
Chairperson: Clemens Westerkamp, University of Applied Sciences Osnabrueck, GERMANY; c.westerkamp@hs-osnabrueck.de
Marcos Velazquez, Florida International University, hola33180@gmail.com
Capital Reallocation Under Political Uncertainty
Daniel Tut, Ted Rogers School of Management- Ryerson University, dtut@ryerson.ca
Melanie Cao, Schulich School of Business- York Univrsity
China Politics in Global Finance: Sources of New Fundings Decision
Sean Chang, Macquarie Graduate School of Management, ctsean@netvigator.com
Claudia Sin Yee Chang, University of Melbourne
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Please click on the link to get the list of Day 2 sessions.