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



ALTERNATIVE PERSPECTIVES ON FINANCE

Fourth Biennial Conference

Turku, FINLAND

August 6 – 8, 1998








































































































































Time Event Paper Lead Author Discussant
Thursday




6:00-? Dinner



Friday




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
Economics
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


Decision-Making
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.
Harrison
Edita K. Krajnovic


Bankruptcy:
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


Unravelling
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



Saturday




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
Growth
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


Propaganda,
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
Technology
Shelley L.
MacDougal
George Kester
12:15-2:00 Lunch & Discussion ? George W. Kester