Seminar series
Fall of 2024
Sep 6, Laura Starks, UT Austin
Paper:
Sep 27, Audra Boone, Texas Christian University
Paper:
Oct 11, Sean Cao, Maryland
Paper:
Nov 1, Andrew Y. Chen, Federal Reserve
Paper:
Nov 22, Eva Steiner, Penn State
Paper
Spring of 2024
Feb 2, George Aragon, Arizona State
Paper: Machine-Learning about ESG Preferences: Evidence from Fund Flows, with Shuaiyu Chen
Mar 29, Yue Qiu, Temple (Brown bag)
Paper: Corporate Diversity Culture Spillover, with Xiao Cen and Tracy Yue Wang
Apr 5, Veronika Pool, Vanderbilt
Paper: Contract Evaluation Horizon and Fund Performance, with Jung Hoon Lee, Jayoung Nam, and Feng Zhang
Apr 19, Joan Farre-Mensa, UIC
Paper: The Effects of the QSBS Exemption on Entrepreneurship and Innovation, with Jun Chen
May 3, Jonathan Berk, Stanford
Paper: The Impact of Impact Investing, with Jules H. van Binsbergen
Fall of 2023
Sep 1, Elena Simintzi, UNC Chapel Hill (ZOOM)
Paper: Women in the Financial Sector, with Spyridon Lagaras, Maria-Teresa Marchica, and Margarita Tsoutsoura
Sep 22, William Goetzmann, Yale
Paper: Crash Narratives, with Dasol Kim and Robert J. Shiller
Sep 29, Michael O'Doherty, Missouri at Columbia
Paper: Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice, with Aizhan Znarkulova and Scott Cederburg
Oct 6, Mao Ye, Cornell
Paper: When A Market Is Not Legally Defined As A Market: Evidence From Two Types of Dark Trading, with Yunus Topbas
Oct 27, Sterling Yan, Lehigh (Brown bag)
Paper: Responsible Asset Managers, with Ke Shen and Haibei Zhao
Nov 10, Christine Parlour, UC Berkley
Paper: Liquidity fragmentation on decentralized exchanges, with Alfred Lehar and Marius Zoican
Spring of 2023
Feb 3, Loriana Pelizzon, Goethe University Frankfurt
Paper: A Preferred-Habitat Model of Repo Specialness, with RUGGERO JAPPELLI AND MARTI G. SUBRAHMANYAM
Feb 17, Xiaofei Zhao, Georgetown University
Paper: Labor Market Networks, Fundamentals, and Stock Returns, with Joon Woo Bae, Turan G. Bali, and Ali Sharifkhani
March 3, Clemens Sialm, UT Austin
Paper: Mutual Fund Revenue Sharing in 401(k) Plans, with Veronika K. Pool and Irina Stefanescu
April 14, Jacelly Cespedes, Minnesota (ZOOM)
Paper: Strategically Staying Small: Regulatory Avoidance and the CRA, with Jordan Nickerson and Carlos Parra
April 21, Yong Chen, Texas A&M
Paper: Capital Concentration of the Bond Fund Industry and Bond Market Fragility, with Mengqiao Du and Zheng Sun
Fall of 2022
Sep 23, Arthur Korteweg, University of Southern California (Zoom)
Paper: Evaluating Private Equity from an Investor's Perspective, with Stavros Panageas and Anand Systla
Sep 30, Russell Jame, University of Kentucky
Paper: Confederate Memorials and the Housing Market, with T. Clifton Green, Jaemin Lee, and Jaeyeon Lee
Oct 14, Lu Zheng, University of California Irvine (Zoom)
Paper: Do Mutual Funds Walk the Talk? A Textual Analysis of Risk Disclosure by Mutual Funds, with Jinfei Sheng and Nan Xu
Spring of 2022 (Zoom)
Feb 11, M. Cecilia Bustamante, University of Maryland
Paper: Knowledge Cycles and Corporate Investment, with Julien Cujean and Laurent Fresard
Apr 29, Ashish Tiwari, University of Iowa
Paper: Evaluating Hedge Funds with Machine Learning-Based Benchmarks, with Tengjia Shu
Fall of 2021 (Zoom)
Oct 8, Ke Shen (Brown bag)
Paper: Bond Ownership Structure and Corporate Social Responsibility, with Hye Seung (Grace) Lee, Jesus M. Salas, and Ke Yang
Nov 19, Michael Ewens, Caltech
Paper: Board Dynamics over the Startup Life Cycle, with Nadya Malenko
Dec 3, Michael Gelman, University of Delaware
Paper: Bank Diversification and Lending Resiliency, with Itay Goldstein and Andrew MacKinlay
Dec 10, David Solomon, Boston College
Paper: Predictable Price Pressure, with Samuel M. Hartzmark
Spring of 2021 (Zoom)
Mar 26, Qianqian Yu (Brown bag)
Paper: Strategic Regulatory Non-Compliance: The Case of the Missing Form D, with Kathleen Hanley
Apr 9, Jack He, University of Georgia
Paper: Diffusers of Entrepreneurship, with Sean Cao, Luna Lin, and Shaun Ren
Apr 16, Don Bowen (Brown bag)
Paper: Corporate investment policies and the patent market
May 7, Marcin Kacperczyk, Imperial College
Paper: Firm Commitments, with Patrick Bolton
Fall of 2020 (Zoom)
Nov 4, Xinxin Wang, UCLA
Paper: Investor Tax Credits and Entrepreneurship: Evidence from U.S. States, with Matthew Denes, Sabrina T. Howell, Filippo Mezzanotti, and Ting Xu
Spring of 2020
Feb 21, Alberto Rossi, Maryland
Paper: Who benefits from robo-advising? Evidence from Machine Learning, with Stephen P. Utkus
Fall of 2019
Sep 20, Iftekhar Hasan, Fordham
Paper: Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-Peer Lending, with Qing He and Haitian Lu
Nov 1, Will Mullins, UC San Diego
Paper: Unconventional Monetary Policy and Banking Lending Relationships, with Christophe Cahn and Anne Duquerroy
Nov 8, Zhi Da, Notre Dame
Paper: Financialization and Commodity Market Serial Dependence, with Ke Tang, Yubo Yao, and Liyan Yang
Spring of 2019
Mar 29, Pradeep Yadav, University of Oklahoma
Paper: TBD
April 12, Suman Banerjee, Stevens Institute of Technology
Paper: TBD
April 26, Xing Huang, Washington University in St. Louis
Paper: Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?, with Zhi Da and Lawrence J. Jin
May 3, Rabih Moussawi, Villanova University
Paper: Phantom of the Opera: ETF Shorting and Shareholder Voting, with Richard B. Evans, Oğuzhan Karakaş, and Michael Young
Spring of 2018
February 2nd, Ryan Israelsen, Michigan State University
Paper: Who Pays Attention to SEC form 8-K? with Azi Ben-Rephael, Zhi Da, and Peter Easton
February 9th, Gregg Nini, Drexel University
Paper: Congruence in Governance: Evidence from Creditor Monitoring of Corporate Acquisitions, with David Becher and Thomas Griffin
February 16th, Tong Yao, University of Iowa
Paper: Should Corporate Pension Funds Invest in Risky Assets? With Wei Li and Jie Ying
February 23rd, Tom Chemmanur, Boston College
Paper: Noisy Signalling through Open Market Share Repurchase Programs and Information Production by Institutions, with YingZhen Li, Jing Xie, and Yuyuan Zhu
April 6th, April Knill, Florida State University
Paper: Negation of Sanctions: The Personal Effect of Political Contributions, with Sarah Fulmer and Xiaoyun Yu
May 4th, Jiekun Huang, University of Illinois, Urbana-Champaign
Paper: Informing the Market: The Effect of Modern Information Technologies on Information Production, with Meng Gao
Fall of 2017
September 8th, Peter Carr, New York University
Paper: Volatility Smiles and Yield Frowns
October 20th, George Pennachi, UIUC
Paper: Syndicated Loan Risk: The Effects of Covenants and Collateral, with Jianling Dennis Ding
November 3rd, Allan Zebedee, Clarkson University
Paper: Hear me Write: Does CEO Narcissism Affect Firm Value? With Gilberto Marquez-Illescas and Linying Zhou
November 4th, Vikas Agarwal, Georgia State University
Paper: Policy Uncertainty and Household Stock Market Participation, with Hadiye Aslan and Honglin Ren
Spring of 2017
March 31st, David Cicero, Auburn University
Paper: Local Investors’ Preferences and Capital Structure, with Binay Adhikari and Johan Sulaeman
April 21st, Stu Gillan, University of Georgia
Paper: Blocks in Stocks and Shocks to Blocks: Evidence on the Impact of Activist Blockholders on Frim Value, with Lee Cohen.
April 28th, Michelle Lowry, Drexel University
Paper: Mutual Fund Investments in Private Firms, with Sungjoung Kwon and Yiming Qian
Fall of 2016
September 17h, Liang Peng, Pennsylvania State University
Paper: Do Discount Rates Predict Returns? Evidence from Private Commercial Real Estate
October 7th, Pab Jotiskathira, Southern Methodist University
Paper: Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds with Tania Babina, Chotibhak Jotikasthira, Christian Lundblad, and Tarun Ramadorai
November 6th, Bill Wilhelm, University of Virginia
Paper: Investment Banking Relationships: 1933-2007, with Alan Morrison, Aaron Thegeya and Carola Schenone
November 4th, William (Bill) Elliott, John Carroll Univeristy
Paper: Authorized shares: To limit, or not to limit, that is the question, with Hilmi Songur
Spring of 2016
March 4th, Donald Monk, Rutgers University
Paper: Manufactured Diversification Discount, with John E Hund and Sheri Tice
April 22nd, Bob Parrino, University of Texas
Paper: Uncertainty, prospectus content, and price updates prior to initial public offerings, with Niholas Crain and Raji Srninivasan
Fall of 2015
September 4h, Jennifer Juergens, Drexel University
Paper: Why hire your rival? The case of bank debt underwriting, with David Becher and Rachel Gordon
October 30th, David Dennis, University of Pittsburgh
Paper: Investment, Taxes and Capital Structure: A Study of US Firms in the early 1900s, with Leonce Bargeron and Kenneth Lehn
November 6th, Walter Boudry, Cornell University
Paper: TBA
November 13th, Kristine Hankins, University of Kentucky
Paper: TBA
November 20th, William (Bill) Elliott, John Carroll Univeristy
Paper: TBA.
Spring of 2015
February 27h, Seoyoung Kim, Santa Clara University
Paper: The Design of Structured Finance Vehicles, with Sanjiv Ranjan Das
March 27th, S. P. Kothari, Massachusetts Institute of Technology
Paper: The behavior of aggregate corporate investment, with Jonathan Lewellen and Jerold B Warner.
April 10th, Murali Jagannathan, SUNY Binghamton
Paper: On the Timing of Director Departures, with Srinivasan Krishnamurthy and Joshua Spizman
May 1st, Michael B. Gordy, Federal Reserve Board
Paper: Counterparty risk and counterparty choice in the credit default swap market, with Wenxin Du, Salil Gadgil, and Clara Vega
May 1st, Ron Anderson, Temple University (joint with Economics department)
Paper: TBA
Fall of 2014
September 12th, Rajesh Narayanan, Louisiana State University
Paper: CDS, Empty Creditors, and Distressed Exchanges, with Cihan Uzmanoglu
September 26th, Kathleen Weiss Hanley, University of Maryland
Paper: The JOBS Act and the Costs of Going Public, with Susan Chaplinsky and S. Katie Moon.
October 24th, Xiaoxiao Lou. University of Delaware
Paper: Price Impact or Trading Volume: Why is the Amihud (2002) Illiquidity Measure Priced?, with Tao Shu
November 14th, Bill Mayew, Duke University
Paper: TBA
Spring of 2014
February 7th, Ren-Raw Chen, Fordam University
February 14th, Xiaoxia Lou, University of Delaware
Paper: TBA
February 21st, Paul Borochin, University of Connecticut
Paper: TBA.
March 14th, Kristian Rydqvist, SUNY Binghamton
Paper: Swedish Lottery Bonds
March 28th, Jerome Taillard, Boston College
Paper: Does Risk Management Affect Firm Value? Evidence from a Natural Experiment, with Erik P. Gilje
April 4th, Marios Panayides, University of Pittsburgh
Paper: Informed Trading Before Corporate Events: Theory and Evidence, with Shmuel Baruch and Kumar Venkataraman
Fall of 2013
September 13th, Brent Ambrose, The Pennsylvania State University
Paper: Real Estate Risk and Hedge Fund Returns, with Charles Cao and Walter D’Lima
September 20th, Matthew Billett, Indiana University
Paper: Bank Skin in the Game and Loan Contract Design: Evidence from Covenant-Lite Loans with Redouane Elkamhi, Latchezar Popov and Raunaq S. Pungaliya.
September 27th, Utpal Bhattacharya, Indiana University
Paper: The Dark Side of ETFs and Index Funds, with Benjamin Loos, Steffen Meyer, Andreas Hackethal and Simon Kaesler
November 1st, Chitru S Fernando, University of Oklahoma
Paper: Corporate Environmental Policy and Shareholder Value: Following the Smart Money, with Mark P Sharfman and Vahap B Uysal
November 8th, Diana Knyazeva, University of Rochester
Paper: Employee Rights and Acquisitions, with Kose John and Anzhela Knyazeva
Spring of 2013
February 8th, Amber Anand, Syracuse University
Paper: Should exchanges impose market maker obligations? With Kumar Venkataraman
February 15th, Yung Yu Ma and Anne Anderson brown bag
Paper: Acquisitions in Bankruptcy: 363 sales, plan sales, and fire sales
February 22nd, Frederick Bereskin, University of Delaware
Paper: Disclosure of innovation-related activities: Evidence from corporate philanthropy
March 1st, Rose Liao, Rutgers University
Paper: State capitalism’s global reach: Evidence from foreign acquisitions by state-owned companies. With Andrew Karolyi
March 29th, Xing Zhou, Rutgers University
Paper: Does going public impair Moody’s credit ratings? With Simi Kedia and Shivaram Rajgopal
April 19th, Mark Flannery, University of Florida
Paper: TBA
Fall of 2012
September 7th, An Yan, Fordham University
Paper: Accounting Accruals and Heterogeneous Investor Beliefs with Emma Y. Peng and Meng Yan
September 14th at 9:15 am, Peng (Peter) Liu, Cornell University
Paper: Real Assets, Liquidation Value and Choice of Financing with Crocker Liu and Zhipeng Zhang
September 28th, Louis Ederington, University of Oklahoma
Paper: Bond Event Studies with Wei Guan and Zongfei (Lisa) Yang
October 5th, Anand Vijh, University of Iowa
Paper: Are small firms less vulnerable to overpriced stock offers? With Ke Yang
October 26th, Michael Pagano, Villanova University
Paper: Corruption’s Impact on Liquidity, Investment Flows and Cost of Capital, with Pankaj Jain and Emre Kuvvet
November 9th, Tina Yang, Villanova University
Paper: CEO Duality, Competition, and Firm Performance with Shan Zhao
November 30th, Bing Liang, University of Massachusetts, Amherst
Paper: The Role of Hedge Funds in the Security Price Formation Process with Charles Cao, Yong Chen and William Goetzmann
Spring of 2012
February 10th, Leonardo Madureira, Case Western Reserve University
Paper: Analysts’ Industry Expertise
February 24th, Hong Qian, Oakland University
Paper: Investments in IPO stocks
March 2nd, Naveen Daniel, Drexel University
Paper: Board Advising
March 30th, Milena Petrova, Syracuse University
Paper: Determinants of Capital Structure: A Long Term Perspective
Fall of 2011
September 16th, Krista Schwarz, Wharton
Paper: Notes on Bonds: Liquidity at all Costs in the Great Recession, with David Musto and Greg Nini
September 23rd, Simi Kedia, Rutgers University
Paper: Hush Money: The Impact of Rank and File Stock Options on Employee Whistle-Blowing, with Andrew Call and Shivaram Rajgopal
Fall of 2009
September 18th, Indraneel Chakraborty (Wharton)
Paper: Investment and Financing under Reverse Asset Substitution
October 16th, Lalitha Naveen (Temple)
Paper: Co-opted Boards: Costs, Benefits, Causes, and Consequences, with Jeffrey Coles and Naveen Daniel
October 30th, David Reeb (Temple)
Paper: R&D Spending and Capital Structure Decisions: The Influence of Ownership Structure, with Ron Anderson and Augustine Duru