4th Journal of Management and Governance Conference Bozen - Bolzano, 16 –17 July 2015 9:00 – 10:30 10:30 – 11:00 11:00 – 12:30 12:30 – 14:00 14:00 – 15:30 15:30 – 16:00 Registration (in front of D1.02) Welcome address Lucie Courteau, Free University of Bozen Roberto Di Pietra, Editor of JMG and Università di Siena (D1.02) Plenary session: “Executive Remuneration and Controlling Shareholder” Prof. Guido Ferrarini, Università di Genova, Italy (D1.02) Coffee break 1st Parallel sessions Gala dinner (Schloss Maretsch) Lucie Courteau (Bolzano) Roberto Di Pietra (JMG Editor, Siena) Paolo Giudici (Bolzano) Andrea Melis (JMG Editorial Board, Cagliari) Friday, 17th July 2015 Info: Plenary session: “Controlling Shareholders and Corporate Governance: an overview” Prof. Jean Bédard, Université Laval, Canada (D1.02) Coffee break 2nd Parallel sessions Lunch 3rd Parallel sessions Concluding remarks (D1.02) Free University of Bozen - Bolzano Universitätsplatz 1, Piazza Università, 1 I - 39100, Bozen - Bolzano www.unibz.it www.unibz.it/en/economics/events/jmg2015/ NA IA MIA ITA L DE C DI E LE 15:30 – 16:00 16:00 – 17:30 19:30 Organising committee: O NO DA 14:15 – 15:30 Thursday, 16th July 2015 N 11:00 – 14.:00 14:00 – 14:15 PROGRAMME ACC A → M IA AZI E → PARALLEL SESSIONS Thursday, 16th July 2015 16:00 – 17:30 SESSION I A. FAMILY FIRMS AND CONFLICT (E4.11) Chairperson: Michael Nippa Family Ownership Concentration and Internationalization: an Empirical Application of Family Principal-principal Conflicts Santulli, Rosalia, Andrea Calabrò and Carmen Gallucci Discussant: Chee Yoong Liew Family Firms, Expropriation and Firm Value: Evidence from Independent Directors’ Tenure in Malaysia Liew, Chee Yoong, Ervina Alfan and S. Susela Devi Discussant: Rosaria Santulli Family Ownership and Turnover Probability: Evidence from Italy, France and Belgium Rizzotti, Davide and Roberta Mazzone Discussant: Michael Nippa SESSION I B. MERGERS & ACQUISITION AND MEDIA PRESSURE ON GOVERNANCE (E4.12) Chairperson: Andrea Melis The Media Role in Corporate Governance Improvement: Lessons from European Dual Class Share Unifications Lauterbach, Beni and Anete Pajuste Discussant: Julien Le Maux Litigation Risk: Measurement and Impact on M&A Agreement Terms De La Bruslerie, Hubert et Julien Le Maux Discussant: Paolo Giudici The Impact of Co-Determination on the Profitability of Small Firms Empirical Evidence From a Natural Experiment Urbanec, Jan Discussant: Claude Francoeur MIA ITA L DE O DA NO N C DI E LE NA IA ACC A 16:00 – 17:30 M IA AZI E → PARALLEL SESSIONS Friday, 17th July 2015 11:00 – 12:30 SESSION II A. MAJORITY SHAREHOLDERS AND INVESTMENT (E4.11) Chairperson: Daniel Coulombe Lone Founder, Family Firms and Investments: New Evidence from Canada Bozec, Yves and Jacqueline Di Vito Discussant: Marco Vedovato Minority and Majority Private Equity Investments: Firm Performance and Governance Battistin, Erich, Paolo Bortoluzzi, Fabio Buttignon and Marco Vedovato Discussant: Daniel Coulombe SESSION II B. CORPORATE GOVERNANCE AND ACCOUNTING INFORMATION I (E4.12) Chairperson: Massimiliano Bonacchi Annual Report Readability and Corporate Bankruptcy Le Maux, Julien and Nadia Smaili Discussant: Andrea Melis Board Characteristics Effects on Performance in Family and Non-Family Business: Evidence from Italian Listed Firms Rubino, Franco Ernesto, Paolo Tenuta and Domenico Rocco Cambrea Discussant: Nadia Smaili Corporate Governance and Strategic Management Accounting: Empirical Relationship Evidence from Capital Market in Thailand Arunruangsirilert, Teerachai and Supasith Chonglerttham Discussant: Massimiliano Bonacchi MIA ITA L DE O DA NO N C DI E LE NA IA ACC A 11:00 – 12:30 M IA AZI E → PARALLEL SESSIONS Friday, 17th July 2015 11:00 – 12:30 SESSION II C. CONSEQUENCES OF CONCENTRATED OWNERSHIP (E4.20) Chairperson: Roberto Di Pietra The Effect of Remuneration Committee Independence on Pay-Performance Relation: Evidence from Banks with concentrated Ownership Structure Slomka-Golebiowska, Agnieszka Discussant: Sara De Masi Incentive vs Intrenchment: The Role of the State as Controlling Shareholder Cambini, Carlo, Sara De Masi, Andrea Paci and Laura Rondi Discussant: Tatiana Mazza Does Cost of Debt depend on the Corporate Control Mechanisms in Emerging Markets? Ivashkovskaya, Irina, Anastasia Stepanova and Ilya Rabotinskiy Discussant: Jacqueline Di Vito SESSION III A. BOARD STRUCTURE AND GENDER DIVERSITY (E4.11) Chairperson: Lucie Courteau Gender Diversity on Boards: Toward a Stakeholder Approach to Corporate Governance? Francoeur, Claude, Réal Labelle and Souha Balti Discussant: Étienne Redor Market Reaction to Female Director Departures Redor, Étienne Discussant: Lucie Courteau The Whistleblowing Triangle: A Holistic View for Explaining the Whistleblowing Act Smaili, Nadia and Paulina Arroyo Pardo Discussant: Jean Bédard MIA ITA L DE O DA NO N C DI E LE NA IA ACC A 14:00 – 15:30 M IA AZI E → PARALLEL SESSIONS Friday, 17th July 2015 SESSION III B. CORPORATE GOVERNANCE AND ACCOUNTING INFORMATION II (E4.12) Chairperson: Paolo Giudici What are the Necessary Characteristics that Audit Committee Chairs Need in order to Fulfill their Role: the Perception of Audit Committee Members, External Auditors and Management Fontaine, Richard and Hanen Khemakhem Discussant: Pierluigi Marchini Does IFRS Improve Financial Reporting Quality of Controlling Minority Structure Firms in Canada? Mafhood, Soukaina, Yves Bozec and Jacqueline Di Vito Discussant: Roberto Di Pietra Related Party Transactions and Earnings Management: an Empirical Analysis in Italian Listed Companies Marchini, Pierluigi, Tatiana Mazza and Alice Medioli Discussant: Richard Fontaine MIA ITA L DE O DA NO N C DI E LE NA IA ACC A 14:00 – 15:30 M IA AZI E