Program

Friday, November 21st, 2014

13:30	Registration
14:00-14:15	Opening Remarks by Stefan Bogner and Otto Lucius Sitzungssaal 1 – AD.0.114

14:15-14:50	Silvia Bressan (Vienna University of Economis and Business / VGSF) The Funding of Subsidiaries Equity, “Double Leverage”, and the Risk of Bank Holding Companies (BHCs) Discussant: Matej Marinc (University of Ljubljana)
14:50-15:25	Stephan Gasser, Thomas Kremser, Margarethe Rammerstorfer, Karl Weinmayer ( Vienna University of Economis and Business, Modul University Vienna) Markowitz Revisited: Social Portfolio Engineering Discussant: Stephan Kranner ( Vienna University of Economics and Business)
15:25-16:00	Marko Kosak, Shaofang Li, Igor Loncarski, Matej Marinc (University of Ljubljana) Quality of Bank Capital and Bank Lending Behavior during the Financial Crisis Discussant: Silvia Bressan ( Vienna University of Economis and Business)

16:00-16:30	Coffee Break

16:30-17:05	Stefan Palan, Thomas Stöckl (University of Graz and University of Innsbruck) When chasing the offender hurts the victim: Collateral damage from insider legislation Discussant: Arne Westerkamp ( Vienna University of Economis and Business)
17:05-17:40	Thijs Jong, Alexander Zeitlberger (University of Groningen/NED and University of Graz) EU Emissions Trading by Energy Firms Discussant: Margarethe Rammerstorfer (Modul University Vienna)
17:40-18:15	Shaofang Li, Matej Marinc (University of Ljubljana) Competition in the Clearing and Settlement Industry Discussant: Stefan Palan (University of Innsbruck and Graz)
18:30	Conference Dinner at “Kolariks Praterfee”

Saturday, November 22nd, 2014

8:30	Registration
09:00-09:30	Sanela Omerovic (University of Graz) Fitting Mixtures of Nonlinear Regressions in Econometrics

09:30-10:05	Stephan Kranner, Neal Stoughton, Josef Zechner ( Vienna University of Economis and Business) A Natural Experiment in Portfolio Management Discussant: Michael Razen (University of Innsbruck)
10:05-10:40	Michael Kirchler, Stefan Palan, Michael Razen (University of Innsbruck and University of Graz) Correlated Information in Markets Discussant: Roland Mestel (University of Graz)

10:40-11:10	Coffee Break

11:10-11:40	Angel Tengulov ( Vienna University of Economis and Business/VGSF) Managerial Entrenchment, Residual Income and The Cross-Section of Expected Stock Returns
11:40-12:10	Otto Randl, Arne Westerkamp, Josef Zechner ( Vienna University of Economis and Business) Policy Portfolios When Some Assets are Non-Tradeable
12:10-12:40	Sebastian Rötzer (Vienna University of Technology) Now or Never - End-game effects in R&D project investment

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Name	Purpose	Lifetime	Provider
test_cookie	Is set as a test to check whether the browser allows cookies to be set. Does not contain any identification features.	15 minute	Google
IDE	Contains a randomly generated user ID. Using this ID, Google can recognize the user across different websites across domains and display personalized advertising.	1 year	Google
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fr	Used to serve advertisements and measure and improve their relevance.	90 day	Facebook
m_pixel_ratio	Performance cookie used by Facebook with Facebook pixels.	session	Facebook
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sb	Used to save browser details and Facebook account security information.	2 year	Facebook
dbln	Used to save browser details and Facebook account security information.	2 year	Facebook
spin	Cookie for advertising purposes and reporting on social campaigns.	session	Facebook
presence	Contains the "Chat" status of a logged in user.	1 month	Facebook
x-referer	Performance cookie that is used by Facebook in combination with Facebook pixels.	session	Facebook
cppo	Cookie for statistical purposes.	90 day	Facebook
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lang	This cookie stores the language settings of a user. This ensures that the LinkedIn.com website appears in the language selected by the user.	session	LinkedIn
twll	This cookie is set when X is embedded on the page. X collects data that is mainly used for tracking and targeting.	4 year	X
secure_session	This cookie is set when X is embedded on the page. E.g. X's like or sharing functions.	14 year	X
guest_id	This cookie is set by X when a visitor shares content from the WU website on X.	2 year	X
personalization_id	This cookie is set by X to measure the performance of X advertising campaigns in a user's browsers and devices	2 year	X
remember_checked	This cookie is set by when X is embedded on the page. X collects data that is mainly used for tracking and targeting.	4 year	X
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external_referer	This cookie collects statistical data, including how often you visit X and how long a user stays on X.	1 day	X
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OTZ	Aggregated analysis of website visitors.	17 day	YouTube