CfP Deadline Date:
August 15, 2022
December 10-11, 2022
Boca Raton, Florida, USA and virtually
Jonathan Karpoff (Foster School of Business, University of Washington)
Journal of Banking and Finance, and the Florida Atlantic University
There are many forms of corporate misconduct, including bribery, financial restatements and options backdating, and other forms of accounting fraud. Corporate misconduct is prevalent and costly. Estimates of reputation costs show that a firm loses 20-38% of its value when misconduct is detected (Karpoff et al., 2008).
Likewise, there are many forms of misconduct in trading securities (Alexander and Cumming, 2020; Cumming et al., 2011). Insider trading violations can include insider tipping, frontrunning, violation of client precedence, and trading ahead of research reports. Forms of price manipulation include marking the open, marking the close, portfolio pumping with misleading end of the month/quarter/year trades designed to influence marks to market, intraday ramping/gouging, market setting, pre-arranged trades, influencing or rewarding the employees of others, intimidation/coordination, and domination and control of market segments. Market manipulators can also engage in spoofing, which includes giving up priority, switches, and layering of bids/asks. Trading volume can be manipulated through churning and wash trades. Financial misconduct also encompasses false disclosure, which includes the dissemination of false and misleading information, and parking/warehousing (hiding the true ownership of securities). Other types of misconduct include broker-agency relationships such as improper trade through, improper execution, improper member use of exchange name, improper sales materials and telemarketing, and improper dealing with customers. Financial market manipulation is costly in terms of losses in liquidity, equity values, and negative consequences for firms, affecting merger and innovative activities, among other things (Alexander and Cumming, 2020).
Fintech innovations have given rise to new forms of financial market misconduct, facilitated illegal corporate conduct, and spurred on a race to develop new regtech solutions with computerized surveillance.
Based on Google Scholar hits over the past decade, research on banking and finance has grown over the last decade by 98%. At the same time, research on corporate misconduct has grown by 175%. And research on manipulation and fintech has grown by 6,850% (see Bertsch et al., 2020 for a recent example on topic).
Scope of the Conference: We are delighted to invite you to the 3rd Annual Boca Corporate Finance and Governance Conference, which will be Hybrid, both held in Florida Atlantic University in Boca Raton, Florida, and virtually on 10th and 11th December 2022.
The conference will feature a special track for papers on Financial Market Misconduct, to promote development of submissions to a special issue of the Journal of Banking Finance (JBF). The track will be managed by Professor Carol Alexander, co-editor of JBF.
We invite the submission of original papers on all aspects of corporate finance and corporate governance, and for the special track on financial market misconduct.
Topics of interest include: capital structure, corporate and securities law, corporate culture, corporate failure, corporate finance and public policy, corporate governance, corporate restructuring, corporate social responsibility, crowdfunding, dividends, payout policy, and repurchases, entrepreneurial finance, family business, financial contracting, financial intermediation, financial literacy, fintech, fraud, innovation, IPOs and SEOs, mergers and acquisitions, misconduct, private debt, private equity, trade credit, socially responsible investments, sustainable finance, real options, and venture capital.
The conference offers an interdisciplinary forum to gain feedback on timely working papers from scholars in finance, entrepreneurship, innovation, international business, law, management and accounting disciplines.
To aid the development of papers a 2-day conference on the same theme is planned, at Florida Atlantic University, Boca Raton, FL, 10-11 December 2022.
Submission deadline for the conference is 15 August 2022. Notification of acceptance into the conference will be sent on 15 September 2022. Acceptance in the conference is neither nor sufficient for submission or acceptance to the JBF special issue.
Submission Instructions and Questions: Submissions may be sent by email to BocaConference@fau.com. Questions may be directed to either Douglas Cumming email@example.com or Sofia Johan firstname.lastname@example.org. Questions about the JBF special issue can be directed towards Carol Alexander at email@example.com.
Plaques for two best papers and two best discussants will be awarded by the Corporate Governance Special Interest Group of the British Academy of Management.
Link CfP & Conference: 3rd Annual Boca Corporate Finance and Governance Conference