Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

 
Session Overview
Date: Monday, 21/May/2018
6:00pm
-
8:00pm
Welcome Reception
Location: Peabody Museum
Date: Tuesday, 22/May/2018
7:30am
-
8:30am
AFFECT Breakfast
Location: Beinecke Terrace
Registration
Location: 1st Floor
 
8:45am
-
9:40am
TUES01-1: Finance and Politics
Location: Room 2200
Chair: Paola Sapienza, NWU-Kellogg
Discussant: David Schoenherr, Princeton University
 

Subnational Debt of China: The Politics-Finance Nexus

Hong Ru1, Dragon Yongjun Tang2, Haoyu Gao3

1: Nanyag Technological University; 2: University of Hong Kong; 3: Central University of Finance and Economics

TUES02-1: Real Effects of Corporate Financial Decisions
Location: Room 2210
Chair: John Graham, Duke University
Discussant: Song Ma, Yale University
 

Cheap Trade Credit and Competition in Downstream Markets

Mariassunta Giannetti1, Nicolas Serrano-Velarde2, Emanuele Tarantino3

1: Stockholm School of Economics; 2: Bocconi University; 3: University of Mannheim

TUES03-1: Venture Capital and the Financing of Innovation
Location: Room 2230
Chair: Ramana Nanda, Harvard Business School
Discussant: Albert Sheen, University of Oregon
 

When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education

Charlie Eaton1, Sabrina Howell2, Constantine Yannelis2

1: University of California Merced; 2: New York University Stern School of Business

TUES04-1: Corporate Governance
Location: Room 2400
Chair: Alon Brav, Duke University
Discussant: Slava Fos, Boston College
 

Board Quotas and Director-Firm Matching

Daniel Ferreira1, Edith Ginglinger2, Marie-Aude Laguna2, Yasmine Skalli2

1: London School of Economics; 2: Université Paris–Dauphine

TUES05-1: Trading, Prices, and Household Finance
Location: Room 2410
Chair: Eduardo Davila, New York University
Discussant: Joel Hasbrouck, New York University
 

What Drives the Trend and Behavior in Aggregate (Idiosyncratic) Variance? Follow the Bid-Ask Bounce

David Lesmond1, Xuhui {Nick} Pan1, Yihua Zhao1, Roberto Stein2

1: Tulane University; 2: University of Nebraska–Lincoln

TUES06-1: Credit
Location: Room 4200
Chair: Olivier Darmouni, Columbia Business School
Discussant: Daniel Green, Massachusetts Institute of Technology
 

The Marginal Propensity to Consume Over the Business Cycle

Tal Gross1,3, Matthew J. Notowidigdo2,3, Jialan Wang4

1: Columbia University; 2: Northwestern University; 3: National Bureau of Economic Research; 4: University of Illinois at Urbana-Champaign

TUES07-1: Returns-Empirics
Location: Room 4210
Chair: Kent Daniel, Columbia University
Discussant: Owen Lamont, Wellington Capital
 

Leverage and Cash Based Tests of Risk and Reward with Improved Identification

Ivo Welch

UCLA Anderson School of Management

TUES08-1: Corporate Bonds, Municipal Bonds, CDS, and Equity Valuation
Location: Room 4220
Chair: Stefano Giglio, Yale University
Discussant: Fabrice Tourre, University of Chicago
 

Term Structures of Credit Spreads with Dynamic Debt Issuance and Incomplete Information

Luca Benzoni1, Lorenzo Garlappi2, Robert Goldstein3

1: Federal Reserve Bank, Chicago; 2: University of British Columbia, Sauder School of Business; 3: University of Minnesota, Carlson School of Management

TUES09-1: Investment Theory
Location: Room 4230
Chair: Vish Viswanathan, Duke University
Discussant: Brian Weller, Duke University
 

Institutional Investors, Heterogeneous Benchmarks and the Comovement of Asset Prices

Andrea M. Buffa1, Idan Hodor2

1: Boston University; 2: Hebrew University

9:55am
-
10:50am
TUES01-2: Finance and Politics
Location: Room 2200
Chair: Paola Sapienza, NWU-Kellogg
Discussant: Scott Baker, NWU-Kellogg
 

Corporate Cash and Political Uncertainty

Candace Jens1, Beau Page2

1: Tulane University; 2: Tulane University

TUES02-2: Real Effects of Corporate Financial Decisions
Location: Room 2210
Chair: John Graham, Duke University
Discussant: Erik Gilje, Wharton School, University of Pennsylvania
 

The Impact of Obamacare on Firm Employment and Performance

Heitor Almeida, Ruidi Huang, Ping Liu, Yuhai Xuan

University of Illinois at Urbana-Champaign

TUES03-2: Venture Capital and the Financing of Innovation
Location: Room 2230
Chair: Ramana Nanda, Harvard Business School
Discussant: Arthur Korteweg, University of Southern California
 

Squaring Venture Capital Valuations with Reality

Will Gornall1, Ilya Strebulaev2

1: University of British Columbia; 2: Stanford Graduate School of Business

TUES04-2: Corporate Governance
Location: Room 2400
Chair: Alon Brav, Duke University
Discussant: Todd Gormley, Washington University in St. Louis
 

Does Board Size Matter?

Dirk Jenter2, Thomas Schmid3, Daniel Urban1

1: Technical University of Munich; 2: London School of Economics; 3: University of Hong Kong

TUES05-2: Trading, Prices, and Household Finance
Location: Room 2410
Chair: Eduardo Davila, New York University
Discussant: Mark Egan, Harvard Business School
 

Investment in Human Capital and Labor Mobility: Evidence From a Shock to Property Rights

Christopher Clifford, William Gerken

University of Kentucky, United States of America

TUES06-2: Credit
Location: Room 4200
Chair: Olivier Darmouni, Columbia Business School
Discussant: Sonia Gilbukh, New York University
 

Do Financial Constraints Cool a Housing Boom?

Lu Han1, Chandler Lutz2, Ben Sand3, Derek Stacey4

1: Rotman School of Management, University of Toronto; 2: Copenhagen Business School; 3: York University; 4: Ryerson University

TUES07-2: Returns-Empirics
Location: Room 4210
Chair: Kent Daniel, Columbia University
Discussant: Bryan Kelly, Yale University
 

Are Cross-Sectional Predictors Good Market-Level Predictors?

Joseph Engelberg1, R. David McLean2, Jeffrey Pontiff3, Matthew Ringgenberg4

1: University of California, San Diego; 2: Georgetown University; 3: Boston College; 4: University of Utah

TUES08-2: Corporate Bonds, Municipal Bonds, CDS, and Equity Valuation
Location: Room 4220
Chair: Stefano Giglio, Yale University
Discussant: Liying Wang, University of Nebraska
 

Structural Changes in Corporate Bond Underpricing

Florian Nagler1, Giorgio Ottonello2

1: Bocconi University; 2: Vienna Graduate School of Finance

TUES09-2: Investment Theory
Location: Room 4230
Chair: Vish Viswanathan, Duke University
Discussant: Yajun Wang, University of Maryland at College Park
 

Commodity Financialization and Information Transmission

Itay Goldstein2, Liyan Yang1

1: Rotman School, University of Toronto; 2: Wharton School, University of Pennsylvania

11:05am
-
12:00pm
TUES01-3: Finance and Politics
Location: Room 2200
Chair: Paola Sapienza, NWU-Kellogg
Discussant: Jacopo Ponticelli, NWU-Kellogg
 

The Value and Real Effects of Implicit Guarantees

Shuang Jin1, Wei Wang2, Zilong Zhang3

1: HKUST; 2: Queen’s University; 3: City University of Hong Kong

TUES02-3: Real Effects of Corporate Financial Decisions
Location: Room 2210
Chair: John Graham, Duke University
Discussant: Roberta Romano, Yale University
 

The Limits of Limited Liability: Evidence from Industrial Pollution

Ian Appel1, Pat Akey2

1: Boston College; 2: University of Toronto

TUES03-3: Venture Capital and the Financing of Innovation
Location: Room 2230
Chair: Ramana Nanda, Harvard Business School
Discussant: Julian Atanassov, University of Nebraska
 

Venture Capital Investments and Merger and Acquisition Activity around the World

Gordon Phillips1, Alexei Zhdanov2

1: Dartmouth College, Tuck School of Business and National Bureau of Economic Research; 2: Penn State University

TUES04-3: Corporate Governance
Location: Room 2400
Chair: Alon Brav, Duke University
Discussant: Emiliano Catan, New York University
 

Shadow Pills and Long-Term Firm Value

Martijn Cremers1, Lubomir Litov2, Simone Sepe1,3, Scott Guernsey2

1: University of Notre Dame; 2: University of Oklahoma; 3: University of Arizona

TUES05-3: Trading, Prices, and Household Finance
Location: Room 2410
Chair: Eduardo Davila, New York University
Discussant: Matteo Crosignani, Federal Reserve Board
 

FinTech Credit and Service Quality

Yi Huang1, Chen Lin2, Zixia Sheng3, Lai Wei4

1: Graduate Institute of International and Development Studies; 2: University of Hong Kong; 3: Ant Financial Services Group; 4: Lingnan University

TUES06-3: Credit
Location: Room 4200
Chair: Olivier Darmouni, Columbia Business School
Discussant: Sean Hundtofte, Federal Reserve Bank of New York
 

Information Disclosure and Payday Lending in Texas

Kathleen Burke1, Jesse B. Leary2, Jialan Wang3

1: Princeton University; 2: Consumer Financial Protection Bureau; 3: University of Illinois at Urbana-Champaign

TUES07-3: Returns-Empirics
Location: Room 4210
Chair: Kent Daniel, Columbia University
Discussant: Toby Moskowitz, Yale University
 

Factor Momentum

Mark William Clements1, Vitali Kalesnik1, Juhani Linnainmaa2,3, Rob Arnott1

1: Research Affiliates; 2: Marshall School of Business, University of Southern California; 3: National Bureau of Economic Research

TUES08-3: Corporate Bonds, Municipal Bonds, CDS, and Equity Valuation
Location: Room 4220
Chair: Stefano Giglio, Yale University
Discussant: Yoshio Nozawa, Federal Reserve Bank
 

Credit and Option Risk Premia

Lars Kuehn1, David Schreindorfer2, Florian Schulz3

1: Carnegie Mellon University; 2: Arizona State University; 3: University of Washington

TUES09-3: Investment Theory
Location: Room 4230
Chair: Vish Viswanathan, Duke University
Discussant: Will Diamond, Wharton School, University of Pennsylvania
 

Why is capital slow moving? Liquidity hysteresis and the dynamics of limited arbitrage.

James Dow1, Jungsuk Han2, Francesco Sangiorgi3

1: London Business School; 2: Stockholm School of Economics; 3: Frankfurt School of Finance and Management

12:00pm
-
1:20pm
Keynote Speaker Luncheon
Location: New Haven Lawn Club

Speaker: Heitor Almeida, University of Illinois at Urbana-Champaign, 2017 Chair of SFS Cavalade North America

1:30pm
-
2:25pm
TUES01-4: Finance and Politics
Location: Room 2200
Chair: Paola Sapienza, NWU-Kellogg
Discussant: Florian Schulz, University of Washington
 

Executives in Politics

Ilona Babenko1, Viktar Fedaseyeu2, Song Zhang3

1: Arizona State University; 2: Bocconi University; 3: Boston College

TUES02-4: Real Effects of Corporate Financial Decisions
Location: Room 2210
Chair: John Graham, Duke University
Discussant: Arthur Korteweg, University of Southern California
 

Asymmetric Cash Flow Distributions and Corporate Policies

John Easterwood, Bradley Paye, Yutong Xie

Virginia Tech

TUES03-4: Venture Capital and the Financing of Innovation
Location: Room 2230
Chair: Ramana Nanda, Harvard Business School
Discussant: Tania Babina, Columbia University
 

Angels, Entrepreneurship, and Employment Dynamics: Evidence from Investor Accreditation Rules

Laura A. Lindsey, Luke Stein

Arizona State University

TUES04-4: Corporate Governance
Location: Room 2400
Chair: Alon Brav, Duke University
Discussant: Margarita Tsoutsoura, Cornell University
 

SEC Enforcement and Corporate Relocations

Paul Calluzzo, Wei Wang, Serena Shuo Wu

Queen's University

TUES05-4: Trading, Prices, and Household Finance
Location: Room 2410
Chair: Eduardo Davila, New York University
Discussant: Paul Goldsmith-Pinkham, Federal Reserve Bank of New York
 

Who Wears the Pants? Gender Identity Norms and Intra-Household Financial Decision Making

Da Ke

University of South Carolina

TUES06-4: Credit
Location: Room 4200
Chair: Olivier Darmouni, Columbia Business School
Discussant: Matthieu Chavaz, Bank of England
 

Pushing Boundaries: Political Redistricting and Consumer Credit

Christine Dobridge1, Pat Akey2, Rawley Heimer3, Stefan Lewellen4

1: Federal Reserve Board of Governors; 2: University of Toronto; 3: Boston College; 4: Carnegie Mellon University

TUES07-4: Returns-Empirics
Location: Room 4210
Chair: Kent Daniel, Columbia University
Discussant: Jun Li, University of Texas at Dallas
 

Vacancy Posting, Employee Value, and Asset Pricing

Yukun Liu

Yale University

TUES08-4: Corporate Bonds, Municipal Bonds, CDS, and Equity Valuation
Location: Room 4220
Chair: Stefano Giglio, Yale University
Discussant: Carolin Pflueger, University of British Columbia, Sauder School of Business
 

Low Inflation: High Default Risk AND High Equity Valuations

Alexandre Jeanneret1, Harjoat Bhamra2, Christian Dorion1, Michael Weber3

1: HEC Montréal; 2: Imperial College Business School; 3: Booth School of Business, University of Chicago

TUES09-4: Investment Theory
Location: Room 4230
Chair: Vish Viswanathan, Duke University
Discussant: Emily Williams, Harvard Business School
 

Securities Lending: Wholesale Funding and the Supply of Safe Assets

Nathan Foley-Fisher, Borghan Narajabad, Stephane Verani

Federal Reserve Board

2:40pm
-
3:35pm
TUES01-5: Finance and Politics
Location: Room 2200
Chair: Paola Sapienza, NWU-Kellogg
Discussant: Xiaoxue Zhao, Yale University
 

Lending without creditor rights, collateral, or reputation—The “trusted-assistant” loan in 19th century China

Meng Miao1, Guanjie Niu1, Thomas Noe2

1: Renmin University of China; 2: The University of Oxford

TUES02-5: Real Effects of Corporate Financial Decisions
Location: Room 2210
Chair: John Graham, Duke University
Discussant: James Weston, Rice University
 

Exchange Rate Exposure and Firm Dynamics

Juliana Salomao1, Liliana Varela2

1: University of Minnesota; 2: University of Warwick

TUES03-5: Venture Capital and the Financing of Innovation
Location: Room 2230
Chair: Ramana Nanda, Harvard Business School
Discussant: Sudheer Chava, Georgia Tech
 

More Cash, Less Innovation: The Effect of the American Jobs Creation Act on Patent Value

Heitor Almeida1, Po-Hsuan Hsu2, Dongmei Li3, Kevin Tseng4

1: Gies College of Business, University of Illinois at Urbana-Champaign and National Bureau of Economic Research; 2: Faculty of Business and Economics, University of Hong Kong; 3: Darla Moore School of Business, University of South Carolina, Columbia; 4: School of Business, University of Kansas

TUES04-5: Corporate Governance
Location: Room 2400
Chair: Alon Brav, Duke University
Discussant: Nadya Malenko, Boston College
 

Does Diversity Pay in the Boardroom?

Laura Field1, Matthew Souther2, Adam Yore2

1: University of Delaware; 2: University of Missouri

TUES05-5: Trading, Prices, and Household Finance
Location: Room 2410
Chair: Eduardo Davila, New York University
Discussant: Zhaogang Song, Johns Hopkins University
 

Discriminatory Pricing of Over-the-Counter FX Derivatives

Peter Hoffmann1, Yannick Timmer2, Sam Langfield3, Harald Hau4

1: European Central Bank; 2: Trinity College Dublin; 3: European Systemic Risk Board; 4: University of Geneva

TUES06-5: Credit
Location: Room 4200
Chair: Olivier Darmouni, Columbia Business School
Discussant: Andres Liberman, New York University
 

Predictably Unequal? The Effects of Machine Learning on Credit Markets

Andreas Fuster1, Paul Goldsmith-Pinkham1, Tarun Ramadorai2, Ansgar Walther3

1: Federal Reserve Bank of New York; 2: Imperial College London; 3: University of Warwick

TUES07-5: Returns-Empirics
Location: Room 4210
Chair: Kent Daniel, Columbia University
Discussant: Stijn Van Nieuwerburgh, New York University
 

The Economics of the Fed Put

Anna Cieslak1, Annette Vissing-Jorgensen2

1: Duke University; 2: University of California Berkeley

TUES08-5: Corporate Bonds, Municipal Bonds, CDS, and Equity Valuation
Location: Room 4220
Chair: Stefano Giglio, Yale University
Discussant: Umit Gurun, University of Texas at Dallas
 

Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance

Pengjie Gao1, Chang Lee2, Dermot Murphy2

1: University of Notre Dame; 2: University of Illinois at Chicago

TUES09-5: Investment Theory
Location: Room 4230
Chair: Vish Viswanathan, Duke University
Discussant: Colin Ward, University of Minnesota
 

Schumpeterian Competition and Financial Markets

Daniel Andrei, Bruce Carlin

University of California, Los Angeles

3:45pm
-
4:15pm
RCFS: Special SFS Journal Paper Presentation: The Review of Corporate Finance Studies Keynote Paper
Location: Zhang Auditorium at SOM

"Within-Bank Spillovers and Real Estate Shocks" by Kathy Yuan, Dragana Cvijanovic, and Vicente Cunat

Presenter: Vicente Cunat, London School of Economics

6:00pm
-
8:00pm
Reception
Location: Murray College
Date: Wednesday, 23/May/2018
7:30am
-
8:30am
Registration & Breakfast
Location: 1st Floor
8:45am
-
9:40am
WED01-1: Labor and Finance
Location: Room 2200
Chair: Margarita Tsoutsoura, Cornell University
Discussant: Ilona Babenko, Arizona State University
 

Is Cash Still King: Why Firms Offer Non-Wage Compensation and the Implications for Shareholder Value

Tim Liu1, Paige Ouimet1, Christos Makridis2, Elena Simintzi3

1: University of North Carolina at Chapel Hill; 2: Stanford University; 3: University of British Columbia

WED02-1: Ownership, Information, and Decision-Making
Location: Room 2210
Chair: Cecilia Parlatore, New York University
Discussant: Will Gornall, University of British Columbia
 

Adverse Selection, Capital Supply, and Venture Capital Allocation

Adam Winegar

BI Norwegian Business School

WED03-1: Designing Bank Regulation
Location: Room 2230
Chair: Gary Gorton, Yale University
Discussant: Jean-Edouard Colliard, HEC Paris
 

Design of Macro-prudential Stress Tests

Pavel Zryumov1, Dmitry Orlov1, Andrzej Skrzypacz2

1: University of Rochester; 2: Stanford University

WED04-1: Capital Structure, Mergers, and Labor Compensation
Location: Room 2400
Chair: Heather Tookes, Yale School of Management
Discussant: Jessie Jiaxu Wang, Arizona State University
 

A Model of Capital Structure Under Labor Market Search

Ping Liu

University at Buffalo, SUNY

WED05-1: Contracts
Location: Room 2410
Chair: Giorgia Piacentino, Columbia University
Discussant: Andrey Malenko, Massachusetts Institute of Technology
 

Robust Security Design

Seokwoo Lee1, Uday Rajan2

1: George Mason University; 2: The University of Michigan

WED06-1: Behavioral
Location: Room 4200
Chair: James Choi, Yale University
Discussant: Jillian Grennan, Duke University
 

Wisdom of the Employee Crowd: Employer Reviews and Stock Returns

Clifton Green4, Ruoyan Huang2, Quan Wen3, Dexin Zhou1

1: Baruch College, City University of New York; 2: Moody’s Analytics; 3: McDonough School of Business, Georgetown University; 4: Goizueta Business School, Emory University

WED07-1: Asset Pricing & Production
Location: Room 4210
Chair: Lukas Schmid, Duke University
Discussant: Erik Loualiche, University of Minnesota
 

Risk Exposure to Investment Shocks: A New Approach Based on Investment Data

Lorenzo Garlappi1, Zhongzhi Song2

1: University of British Columbia; 2: Cheung Kong Graduate School of Business

WED08-1: Macro-Finance
Location: Room 4220
Chair: Stanley Zin, New York University
Discussant: Michael Gallmeyer, University of Virigina
 

Term structure of risk in expected returns

Irina Zviadadze

Stockholm School of Economics

WED09-1: Mutual Funds
Location: Room 4230
Chair: Alexi Savov, New York University Stern School of Business
Discussant: Kent Daniel, Columbia University
 

What do fund flows reveal about asset pricing models and investor sophistication?

Narasimhan Jegadeesh, Chandra Sekhar Mangipudi

Emory University

9:55am
-
10:50am
WED01-2: Labor and Finance
Location: Room 2200
Chair: Margarita Tsoutsoura, Cornell University
Discussant: Rui Silva, London Business School
 

Finance, Talent Allocation, and Growth

Laurent Fresard1, Francesco D'Acunto2

1: University of Lugano and Swiss Finance Institute; 2: University of Maryland

WED02-2: Ownership, Information, and Decision-Making
Location: Room 2210
Chair: Cecilia Parlatore, New York University
Discussant: Andrey Malenko, Massachusetts Institute of Technology
 

Leaks, disclosures and internal communication

Snehal Banerjee1, Taejin Kim2

1: University of California, San Diego; 2: The Chinese University of Hong Kong

WED03-2: Designing Bank Regulation
Location: Room 2230
Chair: Gary Gorton, Yale University
Discussant: Yiming Ma, Stanford University
 

Lender of Last Resort versus Buyer of Last Resort — Evidence from the European Sovereign Debt Crisis

Viral Acharya1, Diane Pierret2,3, Sascha Steffen4

1: Reserve Bank of India; 2: University of Lausanne; 3: Swiss Finance Institute; 4: Frankfurt School of Finance and Management

WED04-2: Capital Structure, Mergers, and Labor Compensation
Location: Room 2400
Chair: Heather Tookes, Yale School of Management
Discussant: Daniel Carvalho, Indiana University
 

Capital Structure and Hedging Demand with Incomplete Markets

Alberto Bisin1, Gian Luca Clementi1, Piero Gottardi2

1: New York University; 2: European University Institute

WED05-2: Contracts
Location: Room 2410
Chair: Giorgia Piacentino, Columbia University
Discussant: Itay Goldstein, Wharton School, University of Pennsylvania
 

Monitor Reputation and Transparency

Ivan Marinovic1, Martin Szydlowski2

1: Stanford Graduate School of Business; 2: University of Minnesota

WED06-2: Behavioral
Location: Room 4200
Chair: James Choi, Yale University
Discussant: Bo Becker, Stockholm School of Economics
 

Monetary Policy and Reaching for Income

Kent Daniel1, Lorenzo Garlappi2, Kairong Xiao1

1: Columbia Business School; 2: University of British Columbia

WED07-2: Asset Pricing & Production
Location: Room 4210
Chair: Lukas Schmid, Duke University
Discussant: Alexandre Corhay, University of Toronto
 

Production Networks and Stock Returns: The Role of Creative Destruction

Michael Gofman1, Gill Segal2, Youchang Wu3

1: University of Rochester; 2: University of North Carolina at Chapel Hill; 3: University of Oregon

WED08-2: Macro-Finance
Location: Room 4220
Chair: Stanley Zin, New York University
Discussant: Nicholas Kozeniauskas, New York University
 

News-Driven Uncertainty Fluctuations

Dongho Song1, Jenny Tang2

1: Boston College; 2: Federal Reserve Bank of Boston

WED09-2: Mutual Funds
Location: Room 4230
Chair: Alexi Savov, New York University Stern School of Business
Discussant: Bing Liang, University of Massachusetts Amherst
 

The Economic Consequences of Mutual Fund Advisory Misconduct

Kai Wu

Cornell University

11:05am
-
12:00pm
WED01-3: Labor and Finance
Location: Room 2200
Chair: Margarita Tsoutsoura, Cornell University
Discussant: Hyunseob Kim, Cornell University
 

Who Benefits from the Demise of American Manufacturing? Evidence from 142,663 Foreign and Domestic Entries in China

Minwen Li1, Tanakorn Makaew2, Vojislav Maksimovic3

1: Tsinghua University; 2: SEC; 3: University of Maryland

WED02-3: Ownership, Information, and Decision-Making
Location: Room 2210
Chair: Cecilia Parlatore, New York University
Discussant: Moqi Xu, London School of Economics
 

The Rise of Common Ownership

Erik Gilje1, Todd Gormley2, Doron Levit1

1: University of Pennsylvania; 2: Washington University in St. Louis

WED03-3: Designing Bank Regulation
Location: Room 2230
Chair: Gary Gorton, Yale University
Discussant: Pablo D'Erasmo, Federal Reserve Bank of Philadelphia
 

Dynamic Bank Capital Requirements

Tetiana Davydiuk

Tepper School of Business, Carnegie Mellon University

WED04-3: Capital Structure, Mergers, and Labor Compensation
Location: Room 2400
Chair: Heather Tookes, Yale School of Management
Discussant: Thomas Geelen, EPFL and Swiss Finance Institute
 

The Private and Social Value of Capital Structure Commitment

Tim Johnson1, Ping Liu2, Chelsea Yu1

1: University of Illinois, Urbana-Champaign; 2: University at Buffalo

WED05-3: Contracts
Location: Room 2410
Chair: Giorgia Piacentino, Columbia University
Discussant: John Zhu, Wharton School, University of Pennsylvania
 

Agency Conflicts over the Short- and the Long-Run

Sebastian Gryglewicz2, Simon Mayer2, Erwan Morellec1

1: EPFL; 2: Erasmus University

WED06-3: Behavioral
Location: Room 4200
Chair: James Choi, Yale University
Discussant: Lisa Kramer, University of Toronto
 

Decision Fatigue and Heuristic Analyst Forecasts

Yaron Levi1, David Hirshleifer2, Siew Hong Teoh2, Ben Lourie2

1: University of Southern California; 2: University of California - Irvine

WED07-3: Asset Pricing & Production
Location: Room 4210
Chair: Lukas Schmid, Duke University
Discussant: Berardino Palazzo, Boston University
 

Aggregate Expected Investment Growth and Stock Market Returns

Jun Li1, Huijun Wang2, Jianfeng Yu3

1: University of Texas at Dallas; 2: University of Delaware; 3: PBCSF, Tsinghua University

WED08-3: Macro-Finance
Location: Room 4220
Chair: Stanley Zin, New York University
Discussant: Itamar Drechsler, New York University
 

Macroeconomic Tail Risks and Asset Prices

David Schreindorfer

Arizona State University

WED09-3: Mutual Funds
Location: Room 4230
Chair: Alexi Savov, New York University Stern School of Business
Discussant: Mark Egan, Harvard Business School
 

Marketing Mutual Funds

Nikolai Roussanov1, Hongxun Ruan1, Yanhao Wei2

1: Wharton School, University of Pennsylvania; 2: Marshall School of Business, University of Southern California

12:00pm
-
1:20pm
SFS Annual Membership Luncheon
Location: New Haven Lawn Club
1:30pm
-
2:25pm
WED01-4: Labor and Finance
Location: Room 2200
Chair: Margarita Tsoutsoura, Cornell University
Discussant: Jordan Nickerson, Boston College
 

Labor Scarcity, Finance, and Innovation: Evidence from Antebellum America

Yifei Mao2, Jessie Jiaxu Wang1

1: Arizona State University; 2: Cornell University

WED02-4: Ownership, Information, and Decision-Making
Location: Room 2210
Chair: Cecilia Parlatore, New York University
Discussant: Richard Lowery, University of Texas at Austin
 

Collusion with Public and Private Ownership and Innovation

Arnoud Boot, Vladimir Vladimirov

University of Amsterdam

WED03-4: Designing Bank Regulation
Location: Room 2230
Chair: Gary Gorton, Yale University
Discussant: Daniel Greenwald, Massachusetts Institute of Technology
 

Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and its Aftermath

Antonio Falato1, Giovanni Favara2, David Scharfstein3

1: Fed Board; 2: Fed Board; 3: Harvard University

WED04-4: Capital Structure, Mergers, and Labor Compensation
Location: Room 2400
Chair: Heather Tookes, Yale School of Management
Discussant: David Dicks, Baylor University
 

Bankers and their bonuses: A theory of periodic labor markets and optimal compensation

Edward Van Wesep, Brian Waters

University of Colorado, Boulder

WED05-4: Contracts
Location: Room 2410
Chair: Giorgia Piacentino, Columbia University
Discussant: Paolo Fulghieri, University of North Carolina at Chapel Hill
 

Ambiguity in Dynamic Contracts

Martin Szydlowski

University of Minnesota

WED06-4: Behavioral
Location: Room 4200
Chair: James Choi, Yale University
Discussant: Yan Liu, Texas A&M University
 

Anomalies Abroad: Beyond Data Mining

Xiaomeng Lu1, Robert F. Stambaugh2, Yu Yuan1

1: SAIF, Shanghai Jiao Tong University; 2: Wharton School, University of Pennsylvania and National Bureau of Economic Research

WED07-4: Asset Pricing & Production
Location: Room 4210
Chair: Lukas Schmid, Duke University
Discussant: Thien Nguyen, The Ohio State University
 

What Drives Q and Investment Fluctuations?

Ilan Cooper1, Paulo Maio2, Andreea Mitrache3

1: BI Norwegian Business School; 2: Hanken School of Economics; 3: Toulouse Business School

WED08-4: Macro-Finance
Location: Room 4220
Chair: Stanley Zin, New York University
Discussant: Dana Kiku, University of of Illinois Urbana-Champaign
 

Asset Pricing with Return Extrapolation

Lawrence Jin, Pengfei Sui

Caltech

WED09-4: Mutual Funds
Location: Room 4230
Chair: Alexi Savov, New York University Stern School of Business
Discussant: Arpit Gupta, New York University Stern School of Business
 

Does Stock Mispricing Drive Firm Policies? Mutual Fund Fire Sales and Selection Bias

Elizabeth Berger

Cornell University

2:40pm
-
3:35pm
WED01-5: Labor and Finance
Location: Room 2200
Chair: Margarita Tsoutsoura, Cornell University
Discussant: William Gerken, University of Kentucky
 

Competing for Talent: Firms, Managers, and Social Networks

Kristoph Kleiner, Isaac Hacamo

Indiana University

WED02-5: Ownership, Information, and Decision-Making
Location: Room 2210
Chair: Cecilia Parlatore, New York University
Discussant: Lorenzo Garlappi, University of British Columbia
 

Deadlock on the Board

Jason Roderick Donaldson1, Nadya Malenko2, Giorgia Piacentino3

1: Washington University in St. Louis; 2: Boston College; 3: Columbia University

WED03-5: Designing Bank Regulation
Location: Room 2230
Chair: Gary Gorton, Yale University
Discussant: Gregory Phelan, Williams College
 

Dynamic Bank Capital Regulation in Equilibrium

Douglas Gale2, Andrea Gamba1, Marcella Lucchetta3

1: Warwick Business School, University of Warwick; 2: New York University; 3: Ca’ Foscari University of Venice

WED04-5: Capital Structure, Mergers, and Labor Compensation
Location: Room 2400
Chair: Heather Tookes, Yale School of Management
Discussant: Dirk Hackbarth, Boston University
 

Human Capital Integration in Mergers and Acquisitions

Paolo Fulghieri1, Merih Sevilir2

1: University of North Carolina at Chapel Hill; 2: Indiana University

WED05-5: Contracts
Location: Room 2410
Chair: Giorgia Piacentino, Columbia University
Discussant: Yiming Ma, Stanford University
 

Bail-ins and Bail-outs: Incentives, Connectivity, and Systemic Stability

Benjamin Bernard1, Agostino Capponi2, Joseph Stiglitz2

1: University of California, Los Angeles; 2: Columbia University

WED06-5: Behavioral
Location: Room 4200
Chair: James Choi, Yale University
Discussant: Heather Tookes, Yale School of Management
 

Doing Less With More

Rawley Heimer1, Alex Imas2

1: Boston College; 2: Booth School of Business, University of Chicago

WED07-5: Asset Pricing & Production
Location: Room 4210
Chair: Lukas Schmid, Duke University
Discussant: Miao Zhang, University of Southern California
 

A Unified Economic Explanation for Profitability Premium and Value Premium

Leonid Kogan1, Jun Li2, Harold Zhang2

1: Massachusetts Institute of Technology; 2: University of Texas at Dallas

WED08-5: Macro-Finance
Location: Room 4220
Chair: Stanley Zin, New York University
Discussant: Philipp Illeditsch, Carnegie Mellon University
 

Macro Risks and the Term Structure of Interest Rates

Geert Bekaert1, Eric Engstrom2, Andrey Ermolov3

1: Columbia Business School; 2: Federal Reserve Board of Governors; 3: Fordham University

WED09-5: Mutual Funds
Location: Room 4230
Chair: Alexi Savov, New York University Stern School of Business
Discussant: Alan Moreira, University of Rochester
 

Mutual Fund Flows and Fluctuations in Credit and Business Cycles

Azi Ben-Rephael1, Jaewon Choi2, Itay Goldstein3

1: Indiana University; 2: University of Illinois at Urbana-Champaign; 3: Wharton School, University of Pennsylvania

3:45pm
-
4:15pm
RAPS: Special SFS Journal Paper Presentation: The Review of Asset Pricing Studies Keynote Paper
Location: Zhang Auditorium at SOM

Presenter: Kenneth French, Dartmouth University

6:00pm
-
9:00pm
Awards Reception
Location: Anthony’s Ocean View

450 Lighthouse Road, New Haven

Clambake on the beach

Date: Thursday, 24/May/2018
7:30am
-
8:30am
Registration & Breakfast
Location: 1st Floor
8:45am
-
9:40am
THUR01-1: Bank Risk Taking
Location: Room 2200
Chair: Justin Murfin, Yale University
Discussant: Justin Murfin, Yale University
 

For Richer, For Poorer: Banker's Skin-in-the-game and Risk Taking in New England, 1867-1880

Peter Koudijs1, Laura Salisbury2

1: Stanford University; 2: York University

THUR02-1: Transmission Mechanisms in the Banking Market
Location: Room 2210
Chair: Manuel Adelino, Duke University
Discussant: Ryan Pratt, Brigham Young University
 

Understanding the Credit Multiplier: The Working Capital Channel

Heitor Almeida1, Daniel Carvalho2, Taehyun Kim3

1: University of Illinois at Urbana-Champaign; 2: Indiana University, Kelley School of Business; 3: University of Notre Dame

THUR03-1: Do Managers Still Matter?
Location: Room 2230
Chair: Daniel Ferreira, London School of Economcis
Discussant: Samuli Knupfer, BI Norwegian Business School
 

The Origins and Real Effects of the Gender Gap: Evidence from CEOs’ Formative Years

Ran Duchin1, Denis Sosyura2, Mikhail Simutin3

1: University of Washington; 2: Arizona State University; 3: University of Toronto

THUR04-1: Financial Advice and Fund Managers
Location: Room 2400
Chair: Jules van Binsbergen, Wharton School, University of Pennsylvania
Discussant: Mark Egan, Harvard Business School
 

The Market for Conflicted Advice

Briana Chang2, Martin Szydlowski1

1: University of Minnesota; 2: University of Wisconsin - Madison

THUR05-1: Household Investment Decisions
Location: Room 2410
Chair: Anthony Lynch, New York University
Discussant: Michaela Pagel, Columbia Business School
 

Stock Market Returns and Consumption

Amir Kermani1, Kaveh Majlesi2, Marco Di Maggio3

1: University of California Berkeley; 2: Lund University; 3: Harvard Business School

THUR06-1: Microstructure and Information
Location: Room 4200
Chair: Haoxiang Zhu, Massachusetts Institute of Technology
Discussant: Clara Vega, Federal Reserve Bank
 

A Tale of One Exchange and Two Order Books: Effects of Fragmentation in the Absence of Competition

Alejandro Bernales4, Italo Riarte4, Satchit Sagade1,3, Marcela Valenzuela4, Christian Westheide2,3

1: Goethe University Frankfurt; 2: University of Mannheim; 3: Research Center SAFE; 4: University of Chile

THUR07-1: Options and Stocks Market
Location: Room 4210
Chair: Burton Hollifield, Carnegie Mellon University
Discussant: Sophie Ni, Hong Kong Baptist University
 

Does private information from options markets forecast aggregate stock returns?

Christopher Jones1, Haitao Mo2, Tong Wang3

1: Marshall School of Business, University of Southern California; 2: Lousiana State University; 3: Virginia Tech University

THUR08-1: International Finance
Location: Room 4220
Chair: Ric Colacito, University of North Carolina at Chapel Hill
Discussant: Robert Ready, University of Oregon
 

International Currencies and Capital Allocation

Matteo Maggiori1, Brent Neiman2, Jesse Schreger3

1: Harvard University; 2: University of Chicago; 3: Columbia Business School

THUR09-1: Returns-Cross-Section
Location: Room 4230
Chair: Jeffrey Pontiff, Boston College
Discussant: Yan Liu, Texas A&M University
 

Long-term discount rates do not vary across firms

Matti Keloharju1, Juhani Linnainmaa2, Peter Nyberg1

1: Aalto University School of Business; 2: University of Southern California

9:55am
-
10:50am
THUR01-2: Bank Risk Taking
Location: Room 2200
Chair: Justin Murfin, Yale University
Discussant: Anna Kovner, Federal Reserve Bank of New York
 

The Value of Regulators as Monitors: Evidence from Banking

Emilio Bisetti

Tepper School of Business, Carnegie Mellon University

THUR02-2: Transmission Mechanisms in the Banking Market
Location: Room 2210
Chair: Manuel Adelino, Duke University
Discussant: Basil Williams, New York University
 

Intermediation Variety

Jason Roderick Donaldson1, Giorgia Piacentino2, Anjan Thakor1

1: Washington University in St Louis; 2: Columbia University

THUR03-2: Do Managers Still Matter?
Location: Room 2230
Chair: Daniel Ferreira, London School of Economcis
Discussant: Antonio Falato, Fed Board
 

Credit and Punishment: The Career Incentives of Wall Street Bankers

Janet Gao, Kristoph Kleiner, Joseph Pacelli

Indiana University

THUR04-2: Financial Advice and Fund Managers
Location: Room 2400
Chair: Jules van Binsbergen, Wharton School, University of Pennsylvania
Discussant: Lawrence Jin, Caltech
 

Pessimistic Fund Managers

Yongqiang Chu, Hugh Kim

University of South Carolina

THUR05-2: Household Investment Decisions
Location: Room 2410
Chair: Anthony Lynch, New York University
Discussant: Casey Dougal, Drexel University
 

Local Agglomeration and Stock Market Participation

Jawad M. Addoum1, Stefanos Delikouras2, Da Ke3, George Korniotis2

1: Cornell University; 2: University of Miami; 3: University of South Carolina

THUR06-2: Microstructure and Information
Location: Room 4200
Chair: Haoxiang Zhu, Massachusetts Institute of Technology
Discussant: Katya Malinova, University of Toronto
 

Information and Competition with Speculation and Hedging

Mina Lee1, Pete Kyle2

1: Washington University in St Louis; 2: University of Maryland

THUR07-2: Options and Stocks Market
Location: Room 4210
Chair: Burton Hollifield, Carnegie Mellon University
Discussant: Bryan Routledge, Carnegie Mellon University
 

Implied Volatility Duration and the Early Resolution Premium

Christian Schlag, Julian Thimme, Ruediger Weber

Goethe University

THUR08-2: International Finance
Location: Room 4220
Chair: Ric Colacito, University of North Carolina at Chapel Hill
Discussant: Robert Richmond, New York University
 

Financial Contagion in International Supply-Chain Networks

Christoph Schiller

University of Toronto

THUR09-2: Returns-Cross-Section
Location: Room 4230
Chair: Jeffrey Pontiff, Boston College
Discussant: David Solomon, Boston College
 

The Earnings Announcement Return Cycle

Juhani Linnainmaa, Conson Zhang

University of Southern California

11:05am
-
12:00pm
THUR01-3: Bank Risk Taking
Location: Room 2200
Chair: Justin Murfin, Yale University
Discussant: Stephen Adam Karolyi, Carnegie Mellon University
 

Banks as Patient Lenders: Evidence from a Tax Reform

Elena Carletti1, Filipo De Marco1, Vasso Ioannidou2, Enrico Sette3

1: Bocconi University; 2: Lancaster University; 3: Banca di Italia

THUR02-3: Transmission Mechanisms in the Banking Market
Location: Room 2210
Chair: Manuel Adelino, Duke University
Discussant: Guillaume Vuillemey, HEC Paris
 

Banking on Deposits: Maturity Transformation without Interest Rate Risk

Itamar Drechsler, Alexi Savov, Philipp Schnabl

New York University Stern School of Business

THUR03-3: Do Managers Still Matter?
Location: Room 2230
Chair: Daniel Ferreira, London School of Economcis
Discussant: Stefan Lewellen, London Business School
 

Timing stock trades for personal gain: Private information and sales of shares by CEOs

Anh Tran1, Eliezer Fich2, Robert Parrino3

1: Cass Business School; 2: Drexel University; 3: University of Texas at Austin

THUR04-3: Financial Advice and Fund Managers
Location: Room 2400
Chair: Jules van Binsbergen, Wharton School, University of Pennsylvania
Discussant: Hongxun Ruan, The Wharton School, University of Pennsylvania
 

Going Mobile, Investor Behavior, and Financial Fragility

Xiao Cen

Columbia Business School

THUR05-3: Household Investment Decisions
Location: Room 2410
Chair: Anthony Lynch, New York University
Discussant: Arpit Gupta, New York University Stern School of Business
 

Fully Closed: Individual Responses to Realized Capital Gains and Losses

Michaela Pagel1, Steffen Meyer2

1: Columbia Business School; 2: Leibniz University Hannover

THUR06-3: Microstructure and Information
Location: Room 4200
Chair: Haoxiang Zhu, Massachusetts Institute of Technology
Discussant: Eduardo Davila, New York University
 

Speed Acquisition

Shiyang Huang1, Bart Yueshen2

1: The University of Hong Kong; 2: INSEAD

THUR07-3: Options and Stocks Market
Location: Room 4210
Chair: Burton Hollifield, Carnegie Mellon University
Discussant: Michael Gallmeyer, University of Virigina
 

Option Prices and Costly Short-Selling

Adem Atmaz1, Suleyman Basak2

1: Purdue University; 2: London Business School

THUR08-3: International Finance
Location: Room 4220
Chair: Ric Colacito, University of North Carolina at Chapel Hill
Discussant: Andrea Vedolin, Boston University
 

Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads

Patrick Augustin1, Mikhail Chernov2, Dongho Song3

1: McGill University; 2: University of California, Los Angeles; 3: Boston College

THUR09-3: Returns-Cross-Section
Location: Room 4230
Chair: Jeffrey Pontiff, Boston College
Discussant: Matthew Ringgenberg, University of Utah
 

Flow-Driven Common Factors in Stock Returns

Jiacui Li

Stanford Graduate School of Business

12:00pm
-
1:20pm
Luncheon
Location: New Haven Lawn Club
1:30pm
-
2:25pm
THUR01-4: Bank Risk Taking
Location: Room 2200
Chair: Justin Murfin, Yale University
Discussant: Sergey Chernenko, Purdue University
 

Reciprocal Lending Relationships in Shadow Banking

Yi Li

Federal Reserve Board

THUR02-4: Transmission Mechanisms in the Banking Market
Location: Room 2210
Chair: Manuel Adelino, Duke University
Discussant: Stephen Adam Karolyi, Carnegie Mellon University
 

Unconventional Monetary Policy and Bank Lending Relationships

William Mullins1, Anne Duquerroy2, Christophe Cahn2

1: University of California, San Diego; 2: Banque de France

THUR03-4: Do Managers Still Matter?
Location: Room 2230
Chair: Daniel Ferreira, London School of Economcis
Discussant: Maria Marchica, Alliance Manchester Business School
 

Managerial Short-Termism and Investment: Evidence from Accelerated Option Vesting

Tomislav Ladika1, Zacharias Sautner2

1: University of Amsterdam; 2: Frankfurt School of Finance and Management

THUR04-4: Financial Advice and Fund Managers
Location: Room 2400
Chair: Jules van Binsbergen, Wharton School, University of Pennsylvania
Discussant: Jules van Binsbergen, Wharton School, University of Pennsylvania
 

Financial Advisors and Risk-Taking

Alessandro Previtero1, Stephen Foerster2, Brian Melzer3, Juhani Linnainmaa4

1: Indiana University; 2: Western University Canada; 3: Federal Reserve Bank, Chicago; 4: University of Southern California

THUR05-4: Household Investment Decisions
Location: Room 2410
Chair: Anthony Lynch, New York University
Discussant: Nishad Kapadia, Tulane University
 

Probability Weighting and Household Portfolio Choice: Empirical Evidence

Stephen Dimmock1, Roy Kouwenberg2, Olivia Mitchell3, Kim Peijnenburg4

1: Nanyang Technological University; 2: Mahidol University and Erasmus University; 3: Wharton School, University of Pennsylvania; 4: HEC Paris

THUR06-4: Microstructure and Information
Location: Room 4200
Chair: Haoxiang Zhu, Massachusetts Institute of Technology
Discussant: Baozhong Yang, Georgia State University
 

Informing the Market: The Effect of Modern Information Technologies on Information Production

Meng Gao, Jiekun Huang

University of Illinois - Urbana Champaign

THUR07-4: Options and Stocks Market
Location: Room 4210
Chair: Burton Hollifield, Carnegie Mellon University
Discussant: Adam Reed, University of North Carolina at Chapel Hill
 

Stock Options, Stock Loans, and the Law of One Price

Jesse Blocher1, Matt Ringgenberg2

1: Vanderbilt University; 2: University of Utah

THUR08-4: International Finance
Location: Room 4220
Chair: Ric Colacito, University of North Carolina at Chapel Hill
Discussant: Federico Gavazzoni, INSEAD
 

Government Policy Approval and Exchange Rates

Yang Liu1, Ivan Shaliastovich2

1: University of Hong Kong; 2: University of Wisconsin-Madison

THUR09-4: Returns-Cross-Section
Location: Room 4230
Chair: Jeffrey Pontiff, Boston College
Discussant: Nancy Xu, Columbia Business School
 

Break Risk

Simon C Smith1, Allan Timmermann2

1: USC Dornsife INET; 2: University of California, San Diego

2:40pm
-
3:35pm
THUR01-5: Bank Risk Taking
Location: Room 2200
Chair: Justin Murfin, Yale University
Discussant: Amiyatosh Purnanandam, University of Michigan
 

Who bears interest rate risk?

Peter Hoffmann1, Federico Pierobon1, Sam Langfield1, Guillaume Vuillemey2

1: European Central Bank; 2: HEC Paris

THUR02-5: Transmission Mechanisms in the Banking Market
Location: Room 2210
Chair: Manuel Adelino, Duke University
Discussant: Igor Cunha, University of Kentucky
 

The Impact of Bank Financing on Municipalities' Bond Issuance and the Real Economy

Ramona Dagostino

London Business School

THUR03-5: Do Managers Still Matter?
Location: Room 2230
Chair: Daniel Ferreira, London School of Economcis
Discussant: Erik Gilje, Wharton School, University of Pennsylvania
 

Do CEO Compensation Policies Respond to Debt Contracting?

Brian Akins1, Jonathan Bitting1, David De Angelis1, Maclean Gaulin2

1: Rice University; 2: University of Utah

THUR04-5: Financial Advice and Fund Managers
Location: Room 2400
Chair: Jules van Binsbergen, Wharton School, University of Pennsylvania
Discussant: Juhani Linnainmaa, University of Southern California
 

The Promises and Pitfalls of Robo-advising

Francesco D'Acunto, Nagpurnanand Prabhala, Alberto G Rossi

University of Maryland

THUR05-5: Household Investment Decisions
Location: Room 2410
Chair: Anthony Lynch, New York University
Discussant: Steven Baker, University of Virginia
 

Rationality and Subjective Bond Risk Premia

Andrea Buraschi1, Ilaria Piatti2, Paul Whelan3

1: Imperial College; 2: University of Oxford; 3: Copenhagen Business School

THUR06-5: Microstructure and Information
Location: Room 4200
Chair: Haoxiang Zhu, Massachusetts Institute of Technology
Discussant: Barney Hartman-Glaser, University of California, Los Angeles
 

To Pool or Not to Pool? Security Design in OTC Markets

Vincent Glode, Christian Opp, Ruslan Sverchkov

University of Pennsylvania

THUR07-5: Options and Stocks Market
Location: Room 4210
Chair: Burton Hollifield, Carnegie Mellon University
Discussant: David Schreindorfer, Arizona State University
 

Extracting Dynamic Latent Factors from Large Option Panels

Yuguo Liu, Kris Jacobs

University of Houston

THUR08-5: International Finance
Location: Room 4220
Chair: Ric Colacito, University of North Carolina at Chapel Hill
Discussant: Andreas Stathopoulos, University of Washington
 

International Medium of Exchange: Privilege and Duty

Ryan Chahrour, Rosen Valchev

Boston College

THUR09-5: Returns-Cross-Section
Location: Room 4230
Chair: Jeffrey Pontiff, Boston College
Discussant: Pavel Savor, Temple University and DePaul University
 

Dissecting Announcement Returns

Mamdouh Medhat, Maik Schmeling

Cass Business School


 
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