International Conference on
Long-Term Perspectives on Business, Finance and Institutions: What Can We Learn from the Past?
Paper sessions
Session 1 (Thursday 9:00 – 10:45, Hof van Liere)
Chair : Erik Buyst (Katholieke Universiteit Leuven)
Business elites and Economic Growth: An historical perspective
Elize Brezis (Bar-Ilan University)
Discussant: Frans Buelens (University of Antwerp)
Bankruptcy law and practice in XIXth century France
Pierre-Cyrille Hautcoeur (Ecole des Hautes Etudes en Sciences Sociales, Paris-Jourdan Sciences Economiques)
Discussant: Christian Day (Syracuse University)
Global Trade and the Maritime Transport Revolution
David Jacks (Simon Fraser University)
Discussant: Ludo Cuyvers (University of Antwerp)
Session 2(Thursday 9:00 – 10:45, Faculty lounge - room A108)
Chair : Cees Camfferman (Vrije Universiteit Amsterdam)
Executive Pay and Tenure: Recent Developments and Historical Analogies
Maria Brouwer (University of Amsterdam)
Discussant: Muriel Koñczyk (ESA, Lille 2 University)
Big changes in ownership structures: Multiple votes in interwar France
Muriel Koñczyk (ESA, Lille 2 University)
Discussant: Wouter Van Overfelt (University of Antwerp)
Who’s Afraid of Universal Banks? Universal Bank Affiliations and Corporate Dividend Policy in Pre-World War I Belgium
Annelies Roggeman (University of Antwerp)
Discussant: David Chambers (Oxford University)
Session 3 (Thursday 11:15 - 13:00, Hof van Liere)
Chair : Pierre-Cyrille Hautcoeur (Ecole des Hautes Etudes en Sciences Sociales, Paris-Jourdan Sciences Economiques)
Paper Conspiracies and the End of All Good Order: Perceptions and Speculation in Early Capital Markets
Christian Day (Syracuse University)
Discussant: Janette Rutterford (Open University Business School)
Learning from one’s mistakes? Managing risk in the mutual fund industry, 1868-1940
Janette Rutterford (Open University Business School)
Discussant: Jan Annaert (University of Antwerp)
Better regulation and underwriter reputation have done nothing for IPO underpricing over the 20th Century: Empirical Evidence from IPOs on the London Stock Exchange
David Chambers (Oxford University)
Discussant: Abe de Jong (Erasmus University Rotterdam)
Session 4 (Thursday 16 :35 – 17:45 , Hof van Liere)
Chair : Abe de Jong (Erasmus University Rotterdam)
Do Universal Banks Create Value? Universal Bank Affiliation and Company Performance in Belgium, 1905-1909
Wouter Van Overfelt (University of Antwerp)
Discussant: Aldo Musacchio (Harvard Business School)
Credit market constraints and financial networks in late Victorian Britain
Fabio Braggion (Tilburg University)
Discussant: Kim Oosterlinck (Université Libre de Bruxelles)
Session 5 (Friday 11:00 – 12:15, Hof van Liere)
Chair : Frans Buelens (University of Antwerp)
Can civil-law countries get good institutions? Creditor rights, contract enforcement, and the rise and decline of bond markets in Brazil, 1850-2003
Aldo Musacchio (Harvard Business School)
Discussant: Armin Schwienbacher
The political origin of pension funding
Armin Schwienbacher (University of Amsterdam)
Discussant: Fabio Braggion (Tilburg University)
Session 6 (Friday 13:45-15:30, Hof van Liere)
Chair : Jan Annaert (University of Antwerp)
Risky Business: The Portrayal of Speculation from Tulips to Wall Street
Christian Day (Syracuse University)
Discussant: Maria Brouwer (University of Amsterdam)
Dividends and Stock Valuation: A Study From the Nineteenth to the Twenty-First Century
Stephen Sapp (The University of Western Ontario)
Discussant: Wim Van Hyfte (Ghent University)
Drivers of expected bond and stock returns for the Brussels stock exchange: Evidence for the 19th century
Wim Van Hyfte (Ghent University)
Discussant: Stephen Foerster (The University of Western Ontario)