Finance Regulation

A workshop sponsored by the

Montana State UniversityInitiative for Regulation and Applied Economic Analysis

Research Fellows Edward Gamble and Gary Caton

April 1-2, 2020 

The Rialto, Burnbox and Lightbox rooms

Bozeman, MT 

Please RSVP no later than March 25, 2020

This workshop is being held in conjunction with a special issue of the academic journal Academy of Management Perspectives . Academics tend to give lip service to interdisciplinary studies but frequently remain in their silos of expertise. The literature in the field of management is extensive, yet it contains little in common with the literature in the fields of accounting and finance. This symposium represents an opportunity to break down some of these research field barriers. The primary goal of the workshop is to further develop papers submitted to AMP discussing the impacts of accounting and finance regulation on business. The workshop will be multifaceted, including both small paper-development sessions in which authors will present their research, and a public keynote lecture that will discuss the broad impacts of regulation on business.

 

Keynote Speaker, William Megginson: "State Ownership and Regulation of Private Enterprise"

Wednesday, April 1, 6:30 p.m.

The Rialto, Bozeman MT

Williamson Megginson

William Megginson is Professor and Price Chair in Finance at the University of Oklahoma’s Michael F. Price College of Business. He is also the Saudi Aramco Chair Professor in Finance at King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia. From 2002 to 2007, he was a voting member of the Italian Ministry of Economics and Finance’s Global Advisory Committee on Privatization. During spring 2008, he was the Fulbright Tocqueville Distinguished Chair in American Studies and Visiting Professor at the Université-Paris Dauphine. He received the University of Oklahoma’s top research prize, a George Lynn Cross Research Professorship, in April 2010.

Megginson's research interest has focused in recent years on the privatization of state-owned enterprises, sovereign wealth fund investments, energy finance, and investment banking principles and practices. He has published refereed articles in several top academic journals, including the Journal of Economic Literature, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and Foreign Policy. His co-authored study documenting significant performance improvements in recently privatized companies received one of two Smith Breeden Distinguished Paper Awards for outstanding research published in the Journal of Finance during 1994. He is author or co-author of nine textbooks. 

Megginson’s research has been frequently cited in academic and professional publications. His articles have been downloaded over 48,000 times from the Social Sciences Research Network, and his books and articles have been cited over 12,000 times (according to Google Scholar). His co-authored privatization survey article, published in the Journal of Economic Literature in 2001, is the eighth most widely cited finance article published since 2000, and the most widely cited article published in 2001.  He is associate editor for two academic journals, and has served as a privatization consultant for the New York Stock Exchange, the OECD, the IMF, the World Federation of Exchanges, and the World Bank. He has visited 76 countries during his lifetime, and has lived in Spain, Pakistan, Switzerland, the Netherlands, France, and Saudi Arabia, in addition to the United States.

He has a B.S. degree in chemistry from Mississippi College, an MBA from Louisiana State University, and a Ph.D. in finance from Florida State University. Prior to entering academia in 1986, he worked for five years as a petroleum chemist at the world's largest styrene monomer plant and at the largest independent petroleum refinery in the United States. He has been a visiting professor at Duke University, Vanderbilt University, the University of Zurich, the University of Amsterdam, Bocconi University, and Université-Paris Dauphine.

 

Featured Workshop Presenters

  • Gavin Cassar, Professor of Accounting and Control, INSEAD
  • Yen Teik Lee, Assistant Professor of Finance, Asia School of Business
  • Jonathan Karpoff, Professor of Finance, Foster School of Business, University of Washington 
  • Jonathan Kimmitt, Lecturer in Entrepreneurship, Newcastle University
  • Peter Mueller, Ph.D. Candidate in Finance, University of Oklahoma
  • Phil Phan, Professor, John Hopkins Carey Business School
  • George Serafeim, Professor of Business Administration, Harvard Business School
  • Dara Szyliowicz, Associate Professor of Management, University of the Pacific

 

 

Workshop Schedule

Wednesday, April 1

  • Phil Phan:  1-1:50 p.m. "Tips to Manuscript Acceptance in AMP"
  • Jonathan Kimmitt:  2-2:50 p.m. "Alternative Financing Mechanisms: Social Impact Bonds"
  • Peter Mueller:  3:15-4:05 p.m. "Privatization, Regulation, and Innovation in Natural Monopoly Industries"
  • Jonathan Karpoff: 4:15-5:05 p.m. "How Often Do Shareholder and Stakeholder Interests Diverge?"
  • Keynote Lecture: 6:30-7:30 p.m. William Megginson

Thursday, April 2

  • Gavin Cassar:  8:30-9:20 a.m. "The Real Effects of Accounting Regulation on Organizational Management"
  • Yen Teik Lee:  9:30-10:20 a.m. “Social ties Between Businesses and Politicians: Implications and Institutional Designs.”
  • Dara Szyliowicz:  10:45-11:35 a.m. "Catch-22: Barriers to Access in the U.S. Marijuana Industry"
  • George Serafeim: 11:45 a.m.-12:35 p.m. "Pathways to Materiality: How Sustainability Issues Become Financially Material to Corporations and Their Investors"

 

For additional information, contact  Dr. Gary Caton or Dr. Edward Gamble