Conference Program

The 9th (2017) International Conference on Financial Risk and

Corporate Finance Management (FRCFM2017)

Date: July 1~3, 2017

Location: Yushin Memorial Hall, Kagawa University, Takamatsu, Japan

Hosts: Faculty of Economics, Kagawa University

Faculty of Management and Economics, Dalian University of Technology

Sponsors: Takamatsu Convention and Visitors Bureau, Golden Education Corporation

July 1, 2017

Registration: 12:00-22:00　JR Hotel Clement Takamatsu, Kagawa, Japan

Morning, July 2, 2017

Time	Opening Address
9:00-9:10	Naoyuki Hara, Dean of Faculty of Economics, Kagawa University Feng Yao, Director of Institute of Economics, Kagawa University Yanxi Li, Director of Finance Programs, Dalian University of Technology
Time	Presenter	Topic
Keynote Session I (Special Lecture Hall) Session Chair: Hui An, Professor, Dalian University of Technology
9:10-9:40	Yangru Wu Rutgers University	Changes in Ownership Breadth and Anomaly Returns Yangru Wu, Rutgers University Weike Xu, Clemson University
9:40-10:10	Feng Yao Kagawa University	Causal Analysis of Hong Kong Stock Exchange Market Feng Yao, Kagawa University Shugeng Dai, Xiamen University Yao Li, Jilin University
10:10-10:40	Taking a Commemorative Photo & Tea Break
Keynote Session II (Special Lecture Hall) Session Chair: Koichi Miyazaki, Associate Professor, Kagawa University
10:40-11:10	Day-Yang Liu National Taiwan University of Science and Technology	The Operating Efficiency and Financial Openness in the China Financial Sector Day-Yang Liu, National Taiwan University of Science and Technology
11:10-11:40	Wuchun Chi National Chengchi University	The Effect of Engagement Partner Visibility and Fee Pressure on Audit Quality Wuchun Chi, National Chengchi University Ling L. Lisic, George Mason University Linda A. Myers, University of Tennessee Mikhail Pevzner, University of Baltimore Timothy A. Seidel, Brigham Young University
11:40-12:10	Kunchih Chen National Taiwan University	Exploring the Bright Side and Down Side of CEO Overconfidence on Firm Performance Kunchih Chen, National Taiwan University
12:10-13:30	Lunch

Afternoon, July 2, 2017

Time	Presenter	Topic
Keynote Session III (Special Lecture Hall) Session Chair: Ravindra R. Ranade, Professor, Kagawa University
13:30-14:00	Jianxin Daniel Chi University of Nevada, Las Vegas	Reward-Timing Uncertainty and R&D Investment Jianxin Daniel Chi, University of Nevada, Las Vegas Xunhua Su, Norwegian School of Economics Yun Tang, Norwegian School of Economics Bin Xu, Queen’s University Management School
14:00-14:30	Yuanlue Fu Xiamen University	One-belt-One-road and Collaborative Governance Framwork in Industry Value Chain Yuanlue Fu, Xiamen University
14:30-15:00	Xuezhi Qin Dalian University of Technology (DUT)	Contingent Convertible Bond after Converted: A Kind of Mixed Dual-Trigger Contingent Capital Instrument with Countercyclical Buffer Property Xuezhi Qin, Wenhua Wang, DUT
15:00-15:30	Tea Break
Keynote Session IV (Special Lecture Hall) Session Chair: Feng Yao, Director of Institute of Economics, Kagawa University
15:30-16:00	Hui An DUT	The External Liquidity Shock and Systematic Financial Risk--Based on BRICS Countries Hui An, DUT
16:00-16:30	Yanxi Li DUT	Can the Departure of Independent Directors who Are Formal Government Officials Improve Firm Performance? Yanxi Li, Tingting Zhang, DUT
Brief Presentation Session (Special Lecture Hall) Session Chair: Xuezhi Qin, Dalian University of Technology
16:30-16:35	Huiying Zhang Tianjin University	Manufacturing FDI and Export Technical Complexity of Producer Services Trade --Based on the Intellectual Property Rights Protection Perspective Huiying Zhang, Tianjin University
16:35-16:40	Yanjuan Cui Dalian Polytechnic University	Financial Development, Financial Inclusion and Poverty Alleviation Yanjuan Cui, Dalian Polytechnic University
16:40-16:45	Xiufeng Sun DUT	The Effect of Enterprise Internal Characteristics on Financing Structure of Family Business among Different Life Stages Xiufeng Sun, Shiping Zhang, Xuemei Wang, DUT
16:45-16:50	Lingling Gong Golden Finance Education	Determination of Weights for Optimal Credit Rating Model Based on Default and Non-Default Distance Maximization Lingling Gong, Golden Finance Education
16:50-16:55	Hui-Shan LEE Universiti Tunku Abdul Rahman (UTAR)	Does Economic Freedom Stimulate Non-Life Insurance Industry in ASEAN-5 and China? Hui-Shan LEE, Shyue-Chuan CHONG, Bik-Kai SIA, Wah-Wan CHEONG, UTAR
16:55-17:00	Zulfiqar Ali Dongbei University of Finance and Economics (DUFE)	Impact of Volatility of Cash Flows on Leverage and Debt Maturity Structure: An Evidence from China Zulfiqar Ali, Hashmat Ali, Muhammad Zubair Tauni, DUFE
17:05-17:10	Mulani Jameel Ahmad DUT	Issues and Challenges to Small and Medium Enterprises in India Mulani Jameel Ahmad, DUT
17:10-17:20	Close remarks by: 1. Yangru Wu, Professor, Rutgers, the State University of New Jersey 2. Feng Yao, Director of Institute of Economics, Kagawa University
18:00-20:30	Banquet (Takamatsu Hanajyukai Spring Hotel)

July 3, 2017

Poster Session (Yushin Memorial Hall, Meeting Room 3) Session Chair: Xiaohong Zhang, Associate Professor, Kagawa University
8:00-9:30	Devi Swastika, Xiaoli Nan, DUT	Theory and Practice of Business Ethics of Millennium Development Goals and World Trade Organization
	Baojun Feng, Jiakun Shen, Wenlong Zhang, DUT	Technical Inefficiency Factor Analysis Model Based on Multiple Non-negative Random Variables A Case Study of China’s General Universities
	Tao Jiang, Chongqing University of Technology Yue Xu, Yunguo Liu,Sun Yat-sen University	The Heterogeneity in Accounting Information and Executive Compensation Evidence from China
	Bin Liu, Xihao Wu, Hainan University	The Information Disclosure of Internal Control, Market Reaction, and Investor Return
	Yanping Liu, Danni Wang, DUT	Empirical Research on Different Types of Institutional Investors’ Effects on Market Efficiency
	Yanwen Liu, Yeqing Yang, DUT	The Research of Household Asset Allocation Model Based on Life Cycle Theory
	Qin Shang, Longxin Li, DUT	Pricing Extreme Mortality Bonds with Default Risk
	Jinyan Shi, Tingting Chen, DUT	Executive Compensation, Mandatory turnover and Corporate Performance
	Yun Wang, Yanxi Li, Chao He, DUT	Can Media Stimulate Corporate Environmental Investment
	Haowen Wu, Si Liang, DUT	The Impact of Political Connections on Debt Restructuring
	Baochen Yang, Zijian Wu, Liping Fu, Tianjin University	The Interaction Between Liquidity and Credit Risk on the Spreads in China's Corporate Bond Market
	Hong Yao, Yingixn Zhang, Qingqing Chen, DUT	Executive Compensation, Negative Market Reaction and Earnings Management
	Qiluan Zhang, DUT	A Literature Review on Accounting Statements and Financial Risk
	Yuemei Zhang, Qian Zhou, DUT	Research Hotspot and Trend of Enterprise Efficiency in China Based on Co-word Network
	Wenjun Zhao, Haizhou Lu, DUT	The Influence of Institutional Investors on Listed Companies’ SEO Decision
	Zhaomin Zou, Shanghai International Studies University	The Rise of Land-induced Financialization in China: A Double-edged Sword for Economic Growth?
Panel Discussion Session Chair: Shugeng Dai, Professor, Xiamen University
9:30-10:30	Panelists Yangru Wu, Rutgers University Yanxi Li, Dalian University of Technology Feng Yao, Kagawa University Ravindra R. Ranade, Kagawa University Jianxin Daniel Chi, University of Nevada, Las Vegas Yuanlue Fu, Xiamen University
10:30-12:00	Visiting Campus
12:00-13:30	Lunch
13:30-17:00	Go To Osaka

NOTE: (1) Time for each keynote presentation is 30 minutes.

(2) Time for each brief presentation is 5 minutes.

(3) Discussion is welcome at the tea break time.