Financial Markets Research Center

PAST SEMINARS

Date	Speaker	Affiliation	Paper Title
1/24/2020	Lauren Cohen	Harvard Business School	Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds
2/12/2020	Mike Wittry	Ohio State	The consequences to directors of deploying poison pills
11/15/2019	Isaac Hacamo	Indiana University\|Kelley School of Business	TBD
11/8/2019	James Choi	Yale School of Management	TBD
9/6/2019	Caroline Flammer	Boston University\|Questrom School of Business	Corporate Green Bonds
9/12/18	Rich Mathews	University of Maryland \| Robert H. Smith School of Business	TBA
9/19/18	Geoffrey Tate	UNC \| Kenan-Flagler Business School	TBA
9/26/18	Margarita Tsoutsoura	Cornell University \| Johnson College of Business	TBA
4/6/18	Batchimeg Sambalaibat	IU Bloomington	Endogenous Specialization and Dealer Networks
3/23/18	Joel Hasbrouck	NYU	FX Market Metrics: New Findings Based on CLS Bank Settlement Data
3/16/18	Tim Loughran	Notre Dame	Assimilation of Oil News into Prices
11/3/17	Gerard Hoberg	USC	Product Life Cycles in Corporate Finance
10/27/17	Yaron Leitner	Philadelphia Fed	WORKING PAPER NO. 16-31/R REGULATING A MODEL
10/6/2017	Leonidas Barbopoulis	University of St Andrews	The Role of Earnout Financing on the Valuation Effects of Global Diversification
9/22/17	John Graham	Duke	CEO Power and Board Dynamics
9/15/17	Sebastian Infante	Federal Reserve Board of Governors	Bond Market Intermediation and the Role of Repo
9/1/17	Wayne Landsman	UNC	The Effects of Credit Default Swap Trading on Information Asymmetry in Syndicated Loans
3/31/17	Josh White	University of Georgia
11/18/16	Stefan Nagel	Michigan Ross	The Making of Hawks and Doves: Inflation Experiences and Voting on the FOMC
11/4/16	David Robinson	Duke	Black and White: Access to Capital among Minority-Owned Startups
10/14/16	Wayne Landsman	UNC	The JOBS Act and Information Uncertainty in IPO Firms
10/7/16	Jesse Blocher	Vanderbilt University	The Limits to (Short) Arbitrage
9/30/16	Scott Yonker	Cornell	Trust Busting: The Effect of Fraud
9/23/16	Alex Butler	Rice University	Local Economic Consequences of Stock Market Listings
9/9/16	John Campbell	University of Georgia	Did Regulation Fair Disclosure Prevent Selective Disclosure?
9/2/16	Malcolm Wardlaw	UT Dallas	How do employees fare in private equity buyouts?
4/29/16	Karl Diether	Bringham Young University
4/15/16	David Musto	Wharton
4/1/16	Mike Ewens	CalTech	Inside Rounds and Venture Capital Returns
3/11/16	Krista Schwarz	Wharton	Notes on Bonds: Liquidity at all Costs in the Great Recession
3/4/16	Edith Hotchkiss	Boston College	Cashing Out: The Rise of M&A in Bankruptcy
2/26/16	Martin Schmalz	Michigan \| Ross	Ultimate Ownership and Bank Competition
2/19/16	Kleopatra Nikolaou	Federal Reserve System Board of Governors	Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos
2/12/16	Anna Cieslak	Duke	Stock Returns over the FOMC Cycle
12/4/15	Matthew Rhodes-Kropf	Harvard	Cost of Experimentation and the Evolution of Venture Capital
11/20/15	Greg Miller	University of Michigan	Perceptions and price: Evidence from CEO presentations at IPO roadshows
11/6/15	Bill Mayhew	Duke	What’s in a (school) name? Racial discrimination in higher education bond markets
10/30/15	Jarrad Harford	University of Washington	Foreign Cash: Taxes, Internal Capital Markets and Agency Problems
10/9/15	Charles Lee	Stanford	Do Short-Sellers Profit From Mutual Funds? Evidence from Daily Trades
9/4/15	Luke Taylor	Wharton	Do Funds Make More When They Trade More?
8/28/15	Ken Ahern	USC	Information Networks: Evidence from Illegal Insider Trading Tips
5/1/15	Ivan Shaliastovich	Wharton
4/17/15	Clemens Sialm	UT-Austin	It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
4/3/15	Andrey Malenko	MIT	Auctions with Endogenous Initiation
3/27/15	Lars Keuhn	Carnegie Mellon	A Labor Capital Asset Pricing Model
11/15/14	Gideon Saar	Cornell	Hidden Liquidity: Some new light on dark trading
11/14/14	Eugene Soltes	Harvard	What Else do Shareholders Want? Shareholder Proposals Contested by Firm Management
11/7/14	Darren Roulstone	Ohio State University	The comovement of investor attention
11/1/14	Chris Parsons	UCSD	Worrying about the stock market: Evidence from hospital admissions
10/31/14	Hee-Joon Ahn	Business School at Sungkyunkwan University
10/25/14	Federico Belo	University of Minnesota	Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
10/18/14	Andy Lo	MIT	An Evolutionary Model of Bounded Rationality and Intelligence
9/27/14	James Thompson	Waterloo	Lemons and Proud of It: Information Asymmetry and Risk Transfer Markets
9/20/14	Dave Maber	University of Michigan	Sell-Side Information Services and Compensation for Investment Research: Evidence from Broker Votes
9/13/14	Dimitris Papanikolaou	Northwestern University	Technological Innovation: Winners and Losers
9/6/14	Sophie Shive	Notre Dame	When the bellwether dances to noise: Evidence from exchange-traded funds
8/30/14	Utpal Bhattacharya	Indiana University	The Dark Side of ETFs and Index Funds
4/25/14	Elena Simintzi	The U of British Columbia – Sauder School of Business	Binding Labor Contracts, the 2008 Financial Crisis, and Firm Outcomes
3/12/14	Mariano M. Croce	UNC Kenan-Flagler Business School	Fiscal Policy and the Distribution of Consumption Risk
2/21/14	Michael Drake	BYU	http://devthe.me/fmrc/wp-content/uploads/2016/04/MichaelDrake.pdf
2/14/14	Francois Cocquemas	EDHEC and Owen	Does market incompleteness matter for market microstructure?
1/31/14	Yael Hochberg	MIT and NBER	Resource Accumulation Through Economic Ties: Evidence from Venture Capital
1/17/14	Berk A. Sensoy	The Ohio State University	Cyclicality, Performance Measurement, and Cash Flow Liquidity in Private Equity
4/12/13	Stijn Van Nieuwerburgh	New York University	Firm Volatility in Granular Networks
4/1/13	Edward D. Van Wesep	UNC Kenan-Flagler Business School	The Quality of Expertise
3/29/13	Nicolae Garleanu	UC Berkeley’s Haas School of Business	Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
3/22/13	George Skoulakis	University of Maryland	Time to Wind Down
3/11/13	Nick Crain	University of Texas Austin	Career Concerns and Venture Capital
2/14/13	Yesol Huh	Stanford University	Machines vs. Machines: High Frequency Trading and Hard Information
2/6/13	Shaun Davies	UCLA	The Economics of Discretion in Multi-Agent Decision Problems
2/1/13	Erik Gilje	Boston College	Does Local Access to Finance Matter? Evidence from U.S. Oil and Natural Gas Shale Booms
1/30/13	Tara Bhandari	MIT	Making the Most of Good Times: Shareholder Rights and Performance Revisited
1/25/13	Stefan Lewellen	Yale University	Executive Compensation and Peer Effects
1/23/13	Xiaofei Zhao	University of Toronto	Investor Sentiment and the Cross-Section of Stock Returns
1/16/13	Erin Smith	New York University	Do Shareholders Want Less Governance?
1/14/13	Haan Soo Lee	Harvard University	Value Access in Venture Capital
12/19/12	Yael Hochberg	Northwestern University	Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
12/7/12	Lorenzo Garlappi	Univ. of British Columbia	Corporate Innovation and Returns
11/2/12	Bill Megginson	Univ. of Oklahoma	The Benefits of Underwriter Reputation to Banks and Equity Issuing Firms
10/19/12	Reena Aggarwal	McDonough School of Business, Georgetown University	Center for Financial Markets and Policy
10/5/12	John Cox	Sloan School of Management, Massachusetts Institute of Technology	Absolute and Relative Consumption in an Exchange Economy
9/21/12	Christophe Spaenjers	HEC, Paris	Expected Horizon and Household Finance
9/7/12	Frank Warnock	Darden Business School, Univ. of Va.	On the Determinants of International Equity Investment
12/9/11	David Mauer	University of Texas at Dallas	Subprime Mortgage Defaults and Credit Default Swaps
12/2/11	Miguel Palacios	Vanderbilt University	Macroeconomic Announcements and Firm-Level Risk Characteristics
11/18/11	Shubo Wang	Vanderbilt University	Incomplete Information and Asset Returns in Real Business Economies
11/11/11	Amir Yaron	University of Pennsylvania	Volatility, the Macroeconomy and Asset Prices
11/4/11	Paul Schultz	University of Notre Dame	The Market for New Issues of Municipal Bonds: The Roles of Transparency and Limited Access to Retail Investors
10/21/11	Haim Kedar-Levy	University of Jerusalem	A Dynamic Equilibrium Model of Bubbles
10/7/11	Denis Sosyura	Ross School of Business	Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid
9/30/11	Ralph Koijen	National Bureau of Economic Research	Equity Yields
9/23/11	Maya Eden	MIT/The World Bank	Financial Distortions and the Distribution of Global Volatility
9/16/11	Laura Casares Field	Penn State University	Are Busy Boards Detrimental?
8/26/11	Paul Seguin	Vanderbilt University	Hedging, Costs, Index Volatility and the Underperformance of Leveraged Exchange-Traded funds
4/22/11	Greg Waymire	Emory University	Language sustains trust and cooperation even when uncertainty enables widespread cheating on social contracts
4/15/11	Costis Skiadas	Northwestern University	Scale-Invariant Asset Pricing Theory: A General Discrete Framework with Ambiguity-Aversion Applications
4/8/11	Qiang Zhang	University of Leicester, U.K.	Consumption, Precautionary Saving, and Market Incompleteness in a Model of Intertermporal Hedging
4/4/11	Tarun Ramadorai	Oxford University, England	Asset Fire Sales and Purchases and the International Transmission of Financial Shocks
3/25/11	Cathy Schrand	Wharton, Pa.	Analyst recommendations and higher order beliefs: Explaining bubbles and price drift
3/18/11	Clemens Sialm	University of Texas at Austin	Complex Mortgages
1/21/11	Yongxian Tan	OGSM, Vanderbilt University	Debt-equity Choice, Growth Options and Market Timing
1/14/11	Nicolas Bollen	OGSM, Vanderbilt University	Hedge Fund R2: Whats’s under the Hood?
12/10/10	Lixiong Guo	OGSM, Vanderbilt University	Board Structure and Monitoring: New Evidence from CEO Turnover
12/3/10	Alex Stomper	MIT	Snow and Leverage
11/5/10	Pierre Collin-Dufresne	Columbia University	On the Relative Pricing of long Maturity S&P 500 Index Options and CDX Tranches
10/29/10	Peter Demerjian	Emory University	The Impact of Changes in Balance Sheet Covenant Protection on the Design of Private Loan Contracts
10/22/10	Tom Chang	University of Southern California	How Many Pears Would a Pear Packer Pack If a Pear Packer Could Pack Pears at Quasi-exogenously Varing Piece Rates?
9/10/10	Richard C. Geeen	Tepper School of Business, Carnegie Mellon University	Financial Expertise as an Arms Race
8/27/10	Shage Zhang	OGSM, Vanderbilt University	Compensation Gap Among Top Executives: Tournament Competition, Marginal Productivity Differentials, Or Governance Failure
5/7/10	Pietro Veronesi	The University of Chicago	Uncertainty about Government Policy and Stock Prices
4/16/10	Guojin Gong	Penn State University	Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts
4/8/10	Darrell Duffie	Stanford University	How Big Banks Fail and What to do About It
3/19/10	David Robinson	Duke University	What Does Financial Literacy Training Teach Us?
2/26/10	Michael Clement	University of Texas	The Relative Profitability of Analysts’ Stock Recommendations: What Role Does Investor Sentiment Play?
1/29/10	Vanitha Ragunathan	University of Queensland, Australia	Is the Cross-Listing Premium an SEO Effect?
1/26/10	Christopher Hrdlicka	University of Chicago, Booth School of Business	Trading Volume and Time Varying Betas
1/22/10	Sara B. Holland	University of California, Haas School of Business	The Welfare Implications of Health Capital Investment
1/19/10	Alexi Savov	University of Chicago, Booth School of Business	Free for a Fee: The Hidden Cost of Index Fund Investing
1/15/10	Michael Michaux	The Wharton School, University of Pennsylvania	Pass-through, Exposure, and the Currency Composition of Debt
1/7/10	Mikhail Simutin	The University of British Columbia	Excess Cash and Mutual Fund Performance
1/7/10	Nicholay Gantchev	The Wharton School, University of Pennsylvania	The Costs of Shareholder Activism: Evidence from a Sequential Decision Model
12/11/09	Tom Ho	Thomas Ho Company. Ltd.	Valuing Contingent Claims on Natural Gas Contracts
9/25/09	Matt Spiegel	Yale University	Mutual Fund Risk and Market Share Adjusted Fund Flows
9/11/09	Dan Dhaliwal	University of Arizona	Bank Assert Securitization and Information Uncertainty
2/13/09	Jan Bena	LSE
2/6/09	Miguel Palacios	University of California Berkeley	The value and the risk of aggregate human capital: Implications from a general equilibrium model
1/30/09	Rose Liao	Ohio State	Corporate block acquisitions around the world
1/23/09	David Solomon	University of Chicago	Selective publicity and stock prices
1/21/09	Tor-Erik Bakke	University of Wisconsin	How does Finance affect growth? Evidence from a natural experiment in Venezuela
12/12/08	Ted Day	UT Dallas	Dividend distributions and closed-end fund discounts
12/5/08	Itshak Ben-David	Ohio State University	Does mandated financial counseling improve mortgage decision-making? Evidence from a natural experiment
12/3/08	Berk Sensoy	USC	Club deals in leveraged buyouts
11/21/08	Dirk Hackbarth	University of Illinois at Urbana-Champaign	The timing and returns of mergers and acquisitions in oligopolistic industries
11/14/08	David Musto	Wharton	High water marks in competitive capital markets
11/7/08	Paolo Pasquariello	University of Michigan	Strategic cross-trading in the U.S. stock market
11/5/08	Rudi Fahlenbrach	Ohio State University	Estimating the effects of large shareholders using a geographic instrument
10/31/08	Vivek Ghosal	Georgia Tech	Small is beautiful but size matters: The asymmetric impact of uncertainty and sunk costs on small and large businesses
10/24/08	Agnes Cheng	Louisiana State University	Role of accruals and cash flows in predicting future cash flows – The growth effect
10/10/08	D. Craig Nichols	Cornell University	Stock option exercises and the quality of operating cash flows
10/3/08	Chris Parsons	UNC – Chapel Hill	Strike three: Umpires’ demand for discrimination
10/2/08	Karin Thorburn	Dartmouth College	Markup pricing revisited
9/26/08	John Fellingham	Ohio State University	Evaluation in an induced moral hazard setting (aka an exercise in tension relevance)
9/19/08	Audra Boone	University of Kansas	Do private equity consortiums impede takeover competition?
9/12/08	Nick Bollen	Vanderbilt	Locked up by a lockup: Valuing liquidity as a real option
8/22/08	K. Sukwon	Vanderbilt	Is order imbalance related to information?
8/8/08	Jacob Sagi	Vanderbilt	Do fund managers make informed asset allocation decisions?
5/2/08	Diego Garcia	University of North Carolina	Relative wealth concerns and complementarities in information acquisition
4/22/08	Lakshmanan Shivakumar	LBS	Targets’ earnings quality and bidders’ takeover decisions
4/15/08	John Fellingham	Ohio State University
4/11/08	Jarrad Harford	University of Washington	Shareholder cross-holdings and their effect on acquisition decisions
4/4/08	Steven Swidler	Auburn	Hedging house price risk with CME futures contracts: The case of Las Vegas residential real estate
3/25/08	Evgeny Lyandres	Rice	Real options, volatility, and stock returns
3/14/08	Mohan Venkatachalam	Duke	The power of voice: Managerial affective states and future firm performance
2/22/08	Kathleen Hanley	SEC	Strategic disclosure and the pricing of Initial Public Offerings
2/19/08	Paige Parker Ouimet	University of Michigan	Control and target managerial incentives in acquisition decisions
2/15/08	Toni Whited	University of Wisconsin	Which firms follow the market? An analysis of corporate investment decisions
2/14/08	Shang-Jin Wei	Columbia	Growth potential and corporate disclosure: The case of foreign trade liberalization
2/12/08	Ran Duchin	USC	Cash holdings and corporate diversification
2/8/08	Ilya Strebulaev	Stanford	The evolution of aggregate stock ownership: A unified explanation
2/5/08	Henrik Cronqvist	Ohio State University	CANCELLED
2/1/08	Karthik Krishnan	Boston College	Universal banking, private information, and incentive problems: What do ex-post lending patterns tell us?
1/22/08	Amir Barnea	UT Austin	Director networks and firm governance
1/18/08	Lars-Alexander Kuehn	University of British Columbia	Asset pricing with real investment commitment
12/14/07	Manju Puri	Duke University
12/7/07	Andrea Eisfeldt	Northwestern	Financing shortfalls and the value of aggregate liquidity
11/16/07	Ilya Strebulaev	Stanford	Cancelled
11/9/07	Itay Goldstein	Wharton	Payoff complementarities and financial fragility: Evidence from mutual fund flows
10/26/07	Timothy Johnson	University of Illinois	Liquid capital and market liquidity
10/12/07	Ayako Yasuda	Wharton	The economics of private equity funds
10/10/07	William Megginson	University of Oklahoma	Dividends and share repurchases in the European Union
10/5/07	Luke Froeb	Vanderbilt University	Evaluating mergers among firms that manage revenue
9/28/07	Shawn Mobbs	Vanderbilt University	Tournaments, heirs, and organizational structure
9/21/07	Jaime Zender	University of Colorado	A simple but powerful test for long-run event studies
9/7/07	Simon Gervais	Duke University	Overconfidence, Investment Policy and Manager Welfare
8/31/07	Nick Bollen	Vanderbilt University	Do hedge fund managers misreport returns? Evidence from the pooled distribution
8/17/07	Ron Masulis	Vanderbilt University	Corporate venture capital, strategic alliances, and the governance of newly public firms

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