Review of Quantitative Finance and Accounting, 14 (2000): 289±311
# 2000 Kluwer Academic Publishers. Manufactured in The Netherlands.
One Decade Review of the Annual Conference on
Financial Economics and Accounting
Rutgers University Conference co-ordinator
On October 19 & 20, 1990, the First Conference on Financial Economics and
Accounting was held at Rutgers University, School of Business, New Brunswick, NJ.
This year will be the tenth anniversary of this conference.
Three days before the First Conference on Financial Economics and Accounting,
three ®nance professors, Harry Markowitz, Merton Miller, and William Sharpe, were
awarded the Nobel Prize in Economics. This was the ®rst time that that prestigious award
was given to members of the ®nance community.
Because of this, as organizer of the Conference on Financial Economics and
Accounting, I added a special session to discuss this event. Professor Stephen Ross of Yale
University was the session chair for this special session to discuss the contribution of these
three Nobel Prize winners. The result of this discussion has been published in the Review
of Quantitative Finance and Accounting (RQFA), 1991, Vol. 1, No. 2.
The following is an overall summary for all the conferences in which I have presented
the Program Directors, Executive Committee Members, Sponsors, Key note speakers and
A. First Conference: October 19 & 20, 1990, School of Business, Janice H. Levin
Building, Rutgers University, New Brunswick, NJ.
Keynote Speakers: Stephen Ross, Yale University
Topic: ``Financial Innovation and Financial Regulation
John Y. Campbell, Princeton University
Topic: ``A Variance Decomposition for Stock Returns''
Program Director: Cheng-few Lee, School of Business, Rutgers University
Associate Director: Bikki Jaggi, School of Business, Rutgers University
Executive Committee Members: Victor Bernard, University of Michigan; Edwin
Burmeister, University of Virginia; Vihang Errunza, McGill University; Jack Clark
Francis, Baruch College; Frank C. Jen, SUNY at Buffalo; Kose John, New York
University; Richard Kihlstrom, University of Pennsylvania; E. Han Kim, University of
Michigan; Kenneth Lawrence, Rutgers University; James C. McKeown, Pennsylvania
State University; Todd Petzel, Chicago Mercantile Exchange and Robert E. Verrecchia,
University of Pennsylvania.
Sponsors: Center for Management Development, Rutgers University, Chicago
Mercantile Exchange, Dun & Bradstreet, Treasury Management Association of