2015 Program

Wednesday, December 16

4:00 pm -- 7:00 pm — Pricing on Downward Slopes

Volatility Managed Portfolios, Alan Moreira (Yale), Tyler Muir (Yale)

Individual Traders and the Allocation of Scarce Attention, Shaun Davies (Colorado-Boulder)

The Term Structure of Equity Returns: Risk or Mispricing?, Michael Weber (Chicago)

Thursday, December 17

7:00 am -- 9:00 am — True or False?

Analyst Promotions within Credit Rating Agencies: Accuracy or Bias?, Darren J. Kisgren (Boston College), Matthew Osborn (Cornerston Research), Jonathan Reuter (Boston College)

Trust Busting: The Effect of Fraud on Investor Behavior, Umit Gurun (University of Texas at Dallas), Noah Stoffman (Indiana University), Scott Yonker (Cornell University)

Fast Traders Make a Quick Buck: The Role of Speed in Liquidity Provision, Markus Baldauf (University of British Columbia), Joshua Mollner (Microsoft Research)

4:45 pm -- 7:00 pm — Job Candidate Session: Our Profession's Promise

The Marginal Propensity to Consume out of Liquidity, Deniz Aydin (Stanford University)

Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship, Tania Babina (University of North Carolina, Chapel Hill)

Household Debt Overhang and Labor Supply, Asaf Bernstein (Massachusetts Institute of Technology)

The Job Rating Game: The Effects of Revolving Doors on Analyst Incentives, Elisabeth Kempf (Tillburg University)

Vulture Investors and the Market for Defaulted Bonds, Ryan Lewis (London Business School)

Credit Derivatives and Corporate Debt Financing: Evidence from CDS Index Inclusion, Yao Shen (Boston College)

Friday, December 18

7:00 am -- 9:00 am — View from the Top

Labor Constraint and the Impact on Firm Investment: Evidence from Right-to-Work Laws, Sudheer Chava (Georgia Tech), Andras Danis (Georgia Tech), Alex Hsu (Georgia Tech)

Warehouse Banking, Jason Donaldson (Washington University, St. Louis), Giorgia Piacentino (Washington University, St. Louis), Anjan Thakor (Washington University, St. Louis)

A Tough Act to Follow: Contrast Effects in Financial Markets, Samuel Hartzmark (Chicago), Kelly Shue (Chicago)