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CALL FOR PAPERS



CONFERENCE ON FINANCIAL MARKET MISCONDUCT



Sponsored by



CFA INSTITUTE



JOURNAL OF CORPORATE FINANCE



SCHULICH SCHOOL OF BUSINESS, YORK UNIVETRSITY



Dates: April 3-4, 2014

Toronto, Canada



Two Best Paper Prizes:

$2,000 Best Paper Prize

$2,000 Best PhD Student Paper





KEYNOTE SPEAKER:



     - Franklin Allen, Nippon Life Professor of Finance, Wharton School,
University of Pennsylvania



ORGANIZERS:



     - Douglas Cumming, Schulich School of Business, York University

     - Bob Dannhauser, CFA Institute

     - Stuart Gillan, Terry College of Business, University of Georgia

     - Sofia Johan, Schulich School of Business, York University

     - Jeffry Netter, Terry College of Business, University of Georgia



RATIONALE:



            Financial market misconduct erodes investors trust, and in turn
influences stock market liquidity and performance, and exacerbates
volatility.  Financial market misconduct includes but is not limited to
fraud.  Despite the widespread media attention on market misconduct, the
causes and consequences of market misconduct are often misunderstood and
under researched around the world.  The evolving structure of markets gives
rise to new work on topic



This international conference will provide a timely debate on financial
market misconduct. The conference also encourages, but does not require,
submission to the Journal of Corporate Finance.  Papers submitted to the
Journal of Corporate Finance would go through the normal review process.



RESEARCH QUESTIONS:



     Some research questions that contributors to the conference might
address are:

-  Is market misconduct more common in different countries or across
different exchanges?  If so, what types (earnings management, insider
trading, market manipulation, dissemination of false and misleading
information, other)?

-  What are the causes of international differences in expected or detected
misconduct?

-  What are the consequences of market misconduct, and do they differ
across countries or exchanges?

-  Can regulation be designed to improve ethical standards and corporate
governance?

-  Does high frequency trading mitigate or exacerbate market misconduct?

-  Does crowdfunding facilitate potential financial market misconduct, and
how might such potential misconduct be mitigated through regulation?

-  Do intermediaries such as lawyers, auditors, and investment bankers
mitigate or exacerbate financial market misconduct?

-  Is financial market misconduct exacerbated or mitigated under different
types of ownership, such as government, institutional, or family ownership?

-  How is market misconduct related to activist investors such as venture
capital, private equity, and hedge fund investors?

-  How is fraud risk and ethics priced in markets?

-  How does the risk of market misconduct affect corporate valuation?

-  To what extent has the failure of regulation and reporting standards
exacerbated the incidence of market misconduct and the recent financial
crisis?

-  What encourages the adoption of ethical standards in public firms versus
private firms?

-  Related research questions on both publicly traded and privately held
institutions are welcome.



PAPER SUBMISSION PROCEDURE:



Papers are to be submitted to:

CONTACT:     Douglas J. Cumming

Email:              [log in to unmask]

With the subject heading:

"CFA-JCF -Schulich Conference on Financial Market Misconduct"



In your submissions, please indicate whether you want your paper to be
considered for the Journal of Corporate Finance (JCF).  Papers submitted to
the JCF should also be submitted online at the JCF webpage.  Papers will be
reviewed following normal JCF standards.



KEY DATES:



     To aid in the development of papers, a two-day conference will be held
at York University, Toronto, Canada on April 3-4, 2014. The conference will
feature an evening reception on April 3 with a Panel session convened by
the CFA Institute and the keynote speaker.  Conference paper presentations
will be on April 3 and 4 at York University.



     Deadline for submission to the conference is December 15, 2013.
Authors will be notified about acceptance to conference by January 31,
2014. Acceptance to the conference does not guarantee acceptance into the
Journal of Corporate Finance.


-- 
Douglas Cumming
Professor and Ontario Research Chair
York University - Schulich School of Business
4700 Keele Street
Toronto, Ontario M3J 1P3
Canada
Web:
http://research.schulich.yorku.ca/client/schulich/FacultyProfile.nsf/webpagekey/douglas+cumming?OpenDocument
*http://ssrn.com/author=75390 *
Email:
*[log in to unmask]*
*[log in to unmask]*
Cell: +1-647-280-3410

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