Venue: Magnolia Room
|Professor Renée Adams (UNSW)
Professor Alexander Ljungqvist (NYU)
|Professor Steven Davis (Chicago)
Professor Wang Ping (Washington)
|Professor Darrel Duffie (Stanford)
Professor Jeffrey Pontiff (Boston)
|Professor Gilles Hilary (INSEAD)
Professor Joseph D. Piotroski (Stanford)
|Professor Qian Yingyi (Tsinghua)
Professor Wei Shang-Jin (Columbia)
|Professor Antonio Fatas (INSEAD)
Professor Andrew Rose (UC)
|Professor Deng Yongheng (NUS)
Professor Randall Morck (Alberta)
Panelists and Moderator
Professor Takeo Hoshi (Panelist)
Professor of Finance (by courtesy) at the Graduate School of Business and Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Stanford University and ABFER
Takeo Hoshi is Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University.
Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.
Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.
He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize. His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002. Other publications include "Will the U.S. and Europe Avoid a Lost Decade? Lessons from Japan's Post Crisis Experience" (Joint with Anil K Kashyap), IMF Economic Review, 2015, "Japan's Financial Regulatory Responses to the Global Financial Crisis" (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, "Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?" (Joint with Takatoshi Ito) Economic Policy, 2014, "Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan" (with Anil Kashyap), Journal of Financial Economics, 2010, and "Zombie Lending and Depressed Restructuring in Japan" (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.
Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.
Professor Andrew Rose (Panelist)
University of California, Berkeley, Haas School of Business
and ABFER B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Associate Dean for Academic Affairs and Chair of the Faculty
Andrew K. Rose is the B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley; he serves as Associate Dean for Academic Affairs, and Chair of the Faculty. He is also a Research Associate of the National Bureau of Economic Research (based in Cambridge, MA), and a Research Fellow of the Centre for Economic Policy Research (based in London, England). He received his Ph.D. from the Massachusetts Institute of Technology, his M.Phil. from Nuffield College, University of Oxford, and his B.A. from Trinity College, University of Toronto.
Rose has published over one hundred and fifty papers and over ninety articles in refereed economics journals, including the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Finance. His research addresses issues in international trade, finance, and macroeconomics, and has received more than 35,000 citations. His teaching is in the areas of international macroeconomics; he has won two teaching awards.
Rose was the managing editor of The Journal of International Economics from 1995 through 2001, and was the founding director of the Clausen Center for International Business and Policy at Haas and the Risk Management Institute at the National University of Singapore. He has organized over forty-five academic conferences. Rose is interested in the theory and practice of economic policy, and most of his work is applied and driven by "real world" international phenomena. A citizen of three countries, he has worked on six continents and at a number of international economic agencies, including: the International Monetary Fund, the World Bank, and the Asian Development Bank. He has also worked at a number of national agencies, including: the US Department of Treasury, HM Treasury (UK), the Canadian Department of Finance; and the central banks of: Australia, Canada, England, Europe, Hong Kong, Israel, Italy, Japan, Netherlands, New Zealand, Singapore, Spain, and the United States. He has visited a number of other universities, including Cape Town, EUI, FUB, INSEAD, London School of Economics, Melbourne, NUS, Princeton, SHUFE, SMU, Stockholm, Tel Aviv, Tsinghua, ULB, and Victoria.
Professor Sheridan Titman (Panelist)
The University of Texas at Austin and ABFER
Professor, Department of Finance, McCombs School of Business
Professor, Department of Economics, College of Liberal Arts
Sheridan Titman is the director of the Energy Management and Innovation Center at UT. His research interests include both investments and corporate finance, and he has published and consulted in both of these areas. He currently blogs on energy policy from a financial economist's perspective. Having co-authored a leading advanced corporate finance textbook entitled "Financial Markets and Corporate Strategy," he has served on the editorial boards of leading academic journals. He is a past director of the American Finance Association and a current director of both the Asia Pacific Finance Association and the Western Finance Association.
Professor Titman holds a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University. He has served on the faculties of UCLA, the Hong Kong University of Science and Technology, and Boston College. He has also worked in Washington D.C. as special assistant to the Assistant Secretary of the Treasury for Economic Policy. He is a research associate of the National Bureau of Economic Research.
Professor Renee Adams (Moderator)
University of New South Wales and ABFER
Professor of Finance, Commonwealth Bank Chair in Finance
Renée B. Adams is Professor of Finance at the University of New South Wales. She is also the Director of UNSW Business School's Women in Leadership Network, Director of the Finance Research Network (FIRN), an Affiliate of LSE's Financial Markets Group, Senior Fellow at the Asian Bureau of Finance and Economic Research and Member of the European Corporate Governance Institute. She holds an M.S. in Mathematics from Stanford University and a Ph.D. in Economics from the University of Chicago.
Professor Adams' research focuses on the organization of corporate boards. She has written papers examining the information flow between managers and the board, gender diversity on boards, governance problems in banks, group decision-making on boards and the governance of central banks. She has published in top accounting, economics, finance and management journals including the Journal of Accounting and Economics, the Journal of Finance, the Journal of Financial Economics, Management Science, the Review of Economic Studies and Strategic Management Journal. In 2014, she was invited to join the editorial board of Management Science.
Professor Adams' work on gender diversity in particular has received extensive media coverage. Her work has been featured in the Financial Times and the Economist amongst many others. Professor Adams' interest in gender diversity is not limited to research. In 2012, Professor Adams founded The F.E.W. (The Financial Economics Women Network)-a support, development and lobbying group for female academics in Finance and Economics. She co-founded AFFECT, the American Finance Association's "Academic Female Finance Committee", in 2015.