ALTERNATIVE PERSPECTIVES ON FINANCE Fourth Biennial Conference Turku, FINLAND August 6 – 8, 1998


Fourth Biennial Conference


August 6 – 8, 1998

Time Event Paper Lead Author Discussant

6:00-? Dinner


8:00-9:00 Breakfast

9:00-10:15 Session #1 Reciting the Kama Sutra
in the Lotus Position under a Sacred Fig Tree: The Making of Financial
George Frankfurter Sara Ann Reiter

Scientific Conversations
in Financial Economics
Sara Ann Reiter George Frankfurter
10:15-10:30 Break

10:30-11:45 Session #2A A Widened Approach to Small
Business Managers« Handling of Finance
Joakim Winborg Chris Robinson

Take It or Leave
It: The Use of Western Financial Models in Transitional Economies
Edita K. Krajnovic Chris Robinson
10:30-11:45 Session #2B The 1980s Merger Wave, Speculative
Bubbles, and the Shift to Debt: Leveraged Restructuring Transactions as
Stock Price Boosters
Mathias Binswanger Aloy Soppe

and Strategy in Corporate Foreign Exchange Management
Heli Hookana-Turunen Peter Groznik
11:45-1:15 Lunch

1:15-2:30 Session #3A The Role of Trust in the
Informal Investor’s Investment Decision
Richart T.
Edita K. Krajnovic

An Incentives Approach
Bimal Prodhan Loriana Pelizzon
1:15-2:30 Session #3B What is Transition and Transition
to What: The Business Finance Case of the Transition Economy of Slovenia
Dusan Mramor Joakim Winborg

Financial Systems
in Transition Economies
Bohumir Pazderka Karl Petrick
2:30-3:45 Session #4A Discounting Grandchildren
and Spotted Owls
Chris Robinson Sherman Hanna

Financial Risk
Atul Shah Sherman Hanna
2:30-3:45 Session #4B Short-Term Bonds as the
Most Important Liabilities of the Central Bank: The Bank of Slovenia
Ivan Ribnikar Mathias Binswanger

Dual Money Endogeneity
in Transition Economies: The Case of Hungary
Karl Petrick Heli Hookana-Turunen
3:45-4:00 Break

4:00-5:15 Session #5A Marketing the Market: Self-Styled
Images of the New York Stock Exchange
Elton G. McGoun Richard Hudson

A Baudrillardian
Perspective on Accounting
Norman Macintosh Penny Ciancanelli
4:00-5:15 Session #5B The Smile is a Joke Claude Henin Seppo Ikaheimo

Option Smile
and Volatility Risk Premium
Loriana Pelizzon Seppo Ikaheimo
6:00-? Dinner


8:00-9:30 Breakfast & Debate The Relative Merits of Shortfall
Risk and Utility Maximization as Ways to Think about Investor Behaviour
Sherman Hanna Chris Robinson
9:30-10:45 Session #6A Finance, Value, and Labor:
The idiom of Desire
Penny Ciancanelli Elton G. McGoun

Would Time Travellers
Affect Security Prices? Financial Economics and Physics
Richard Hudson Elton G. McGoun
9:30-10:45 Session #6B The Comparative Performance
of Liquidity- and Profitability-Based Models of Business Investment
Trevor W. Chamberlain Ivan Ribnikar

Capital, Interest
and Ethics: Some Empirical Explorations of an Ethical Approach of Economic
Aloy Soppe Atul Shah
10:45-11:00 Break

11:00-12:15 Session #7A Toward a New Paradigm for
Corporate Finance
S.J. Chang Dusan Mramor

Accounting and Finance: An Exploration
David Collison Dusan Mramor
11:00-12:15 Session #7B Capital Investments as Cultural
Artifacts: Cooperative Development in Kenyan Dairy and Coffee Sectors
Pekka JŠmsŽn George Kester

Exploring the
Implementation Stage of Capital Budgeting for Investments in Advanced Manufacturing
Shelley L.
George Kester
12:15-2:00 Lunch & Discussion ? George W. Kester