Seventh Annual Napa Conference on Financial Markets Research

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The Graduate School of Management partners with the Financial Management Association to co-sponsor this unique conference. Financial Management is the flagship journal of FMA which seeks high quality articles that are of interest to academics, but also have the potential to influence business practice. The Graduate School of Management is a small, intimate community of top-notch students and world-class scholars with strong ties to the California wine industry. To reflect the unique character and focus of the school, the conference sessions take place at the Cakebread Winery located in the bucolic Napa Valley.

Venue: Cakebread Cellars Winery

Over 30 years ago, Jack Cakebread came to photograph the Napa Valley for a book and while here, he casually mentioned his interest in one day owning a vineyard to some family friends who had a ranch in Rutherford. When he returned home that afternoon, the phone rang and it was the family friends offering to sell their property. He headed back up to the valley that same afternoon to make his best offer, and Cakebread Cellars was born.

Hotel: Vintage Inn & Spa

All conference attendees must call in their own hotel reservations. The hotel room rate is $325 plus tax per night. Hotel reservations can be made by calling 800-351-1133 and referencing the UC Davis FMA College of Business USF Group.

FRIDAY, April 30, 2010

4:00 pm -  Hotel check in Napa Valley Lodge (Reserve by March 8, 2 night minimum)

2230 Madison Street
Yountville, CA 94599
707-944-2468 or 888-944-3545

5:30 – 6:30 pm  Wine hour – Napa Valley Lodge (carpool to Cakebread Cellars)
6:30 pm Welcome Dinner – Cakebread Cellars – Pond Building

8300 St. Helena Hwy
Rutherford, CA

SATURDAY, May 1, 2010

8:00 – 8:30 am  Continential Breakfast – Napa Valley Lodge (carpool to Cakebread)
8:30 – 8:45 am  Welcome – Cakebread Cellars – Pond Building

8300 St. Helena Hwy
Rutherford, CA

8:45 – 9:30 am  “Tolerance for Failure and Corporate Innovation”

Xuan Tian and Tracy Y. Wang

9:30 – 10:15 am  “Corporate Diversification and the Cost of Capital”

Oguzhan Ozbas, Rebecca N. Hann and Maria Ogneva

10:15 – 10:45 am  Break
10:45 – 11:30 am  “Regulatory Uncertainty and Market Liquidity: The 2008 Short Sale Ban’s Impact on Equity Option Markets”

Robert H. Battalio and Paul Schultz

11:30 am – 12:15 pm “Are Strategic Disclosure and Underpricing Decisions Influenced by Liability Risk?”

Kathleen Weiss Hanley and Gerard Hoberg

12:15 – 2:00 pm  Lunch (Cakebread Cellars ~ Winery House)
2:00 – 2:45 pm “Hedge Funds in Chapter 11″

Wei Wang, Wei Jiang and Kai Li

2:45 – 3:30 pm “Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis”

Heitor Almeida, Murillo Campello, Bruno Laranjeira, and Scott Weisbenner

3:30 – 4:30 pm  Wine Tasting ~ Deck of Pond Building
6:00 pm Dinner – Hurley’s Restaurant

6518 Washington Street
Yountville, CA 94599

SUNDAY, MAY 2, 2010

8:00 – 10:00 am  Continental Breakfast – Napa Valley Lodge
12:00 pm  Hotel Check-out