2014 Lone Star Conference Program

Rice University


Thursday September 11th, 2014:

Drinks and Dinner (6:00pm-10:00pm)

Location: Brochstein Pavilion at Rice University


Friday September 12th, 2014:

Breakfast (8:00am-8:45am)

Location: McNair Hall AFC

Welcoming words (8:45am-9:00am)

Shell Auditorium (McNair Hall 1st Floor)

Session #1 – Ratings (9:00am-10:20am)

The Trust Alternative

Indraneel Chakraborty (SMU), Alessio Saretto (UT Dallas), Malcolm Wardlaw (UT Dallas)

Discussant: Vijay Yerramilli (UH)

Follow the Money: Investor Trading Around Investor Paid Rating Changes

Utpal Bhattacharya (Indiana), Kelsey Wei (Federal Reserve Board), Han Xia (UT Dallas)

Discussant: Travis Johnson (UT Austin)


Coffee Break (10:20am-10:40am)

Location: McNair Hall AFC


Session #2 – Institutions (10:40am-12:00pm)

Institutional Presence

Johan Sulaeman (SMU), Chishen Wei (Nanyang Technological University)

Discussant: Sebastien Michenaud (Rice)

Passive versus Active Fund Performance: Do Index Funds Have Skill?

Alan Crane (Rice), Kevin Crotty (Rice)

Discussant: Hitesh Doshi (UH)


Lunch (12:00pm-1:30pm)

Location: McNair Hall AFC


Session #3 – Corporate Finance (1:30pm-2:50pm)

Intangible Assets and Capital Structure

Steve C. Lim (TCU), Antonio J. Macias (Baylor), Thomas Moeller (TCU)

Discussant: Yian Liu (SMU)

Wealth Effects on CEO Compensation: Causal Evidence from the Real Estate Crash of 2006-2010

Beau Page (UH)

Discussant: Swaminathan Kalpathy (TCU)


Coffee Break (2:50pm-3:20pm)

Location: McNair Hall AFC


Session #4 – Asset Pricing (3:20pm-4:40pm)

Labor Leverage and the Value Spread

Andres Donangelo (UT Austin), Francois Gourio (Boston University), and Miguel Palacios (Vanderbilt)

Discussant: Ravi Sastry (SMU)

Arbitrage Crashes: Slow-moving Capital or Market Segmentation?

Jens Dick-Nielsen (Copenhagen), Marco Rossi (Texas A&M)

Discussant: Simon Huang (SMU)