RESEARCH SEMINARS
The purpose of the Finance Seminar Speaker series is to feature some of the best and brightest in the finance realm, encouraging finance faculty to network and embark on timely research projects.
From thoughts on the recession to bank competition to trading relationships, we host several seminar engagements per year to highlight insightful research from colleagues around the country and around the world.
Recent Seminar Speakers
Michael Ewens
Columbia Business School
October 20, 2023
Antoinette Schoar
MIT Sloan School of Management
November 17, 2023
David Schreindorfer
W. P. Carey School of Business | Arizona State University
March 15, 2024
Song Ma
Yale School of Management
April 19, 2024
September 22, 2023: Asaf Bernstein, Leeds School of Business | University of Colorado at Boulder
The Value of Ratings: Evidence from their Introduction in Securities Markets
September 8, 2023: Hyunseob Kim, Federal Reserve Bank of Chicago
Shareholder Power and the Decline of Labor
February 12, 2020: Mike Wittery, Ohio State University
The Consequences to Directors for Deploying Poison Pills
January 24, 2020: Lauren Cohen, Harvard Business School
Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds
November 15, 2019: Isaac Hacamo, Kelley School of Business | Indiana University
Paper TBA
November 8, 2019: James Choi, Yale School of Management
Paper TBA
September 6, 2019: Caroline Flammer, Questrom School of Business | Boston University
Corporate Green Bonds
September 26, 2018: Margarita Tsoutsoura, Johnson College of Business | Cornell University
Paper TBA
September 19, 2018: Geoffrey Tate, Kenan-Flagler Business School | University of North Carolina at Chapel Hill
Paper TBA
September 12, 2018: Rich Mathews, Robert H. Smith School of Business | University of Maryland
Paper TBA
April 6, 2018: Batchimeg Sambalaibat, Indiana University at Bloomington
Endogenous Specialization and Dealer Networks
March 23, 2018: Joel Hasbrouck, New York University
FX Market Metrics: New Findings Based on CLS Bank Settlement Data
March 16, 2018: Tim Loughran, University of Notre Dame
Assimilation of Oil News into Prices
November 3, 2017: Gerard Hoberg, University of Southern California
Product Life Cycles in Corporate Finance
October 27, 2017: Yaron Leitner, Federal Reserve Bank of Philadelphia
Regulating a Model (FRB of Philadelphia Working Paper No. 16-31)
October 6, 2017: Leonidas Barbopoulos, University of St. Andrews
The Role of Earnout Financing on the Valuation Effects of Global Diversification
September 22, 2017: John Graham, Duke University
CEO Power and Board Dynamics
September 15, 2017: Sebastian Infante, Federal Reserve Board of Governors
Bond Market Intermediation and the Role of Repo
September 1, 2017: Wayne Landsman, Kenan-Flagler Business School | University of North Carolina at Chapel Hill
The Effects of Credit Default Swap Trading on Information Asymmetry in Syndicated Loans
March 31, 2017: Josh White, University of Georgia
Paper TBA
November 18, 2016: Stefan Nagel, Ross School of Business | University of Michigan
The Making of Hawks and Doves: Inflation Experiences and Voting on the FOMC
November 4, 2016: David Robinson, Duke University
Black and White: Access to Capital Among Minority-Owned Startups
October 14, 2016: Wayne Landsman, Kenan-Flagler Business School | University of North Carolina at Chapel Hill
The JOBS Act and Information Uncertainty in IPO Firms
October 7, 2016: Jesse Blocher, Vanderbilt University
The Limits to (Short) Arbitrage
September 30, 2016: Scott Yonker, Cornell University
Trust Busting: The Effect of Fraud on Investor Behavior
September 23, 2016: Alex Butler, Rice University
Local Economic Consequences of Stock Market Listings
September 9, 2016: John Campbell, University of Georgia
Did Regulation Fair Disclosure Prevent Selective Disclosure?
September 2, 2016: Malcolm Wardlaw, University of Texas at Dallas
How Do Employees Fare in Private Equity Buyouts?
April 29, 2016: Karl Diether, Brigham Young University
Paper TBA
April 15, 2016: Davis Musto, The Wharton School | University of Pennsylvania
Paper TBA
April 1, 2016: Michael Ewens, California Institute of Technology
Inside Rounds and Venture Capital Returns
March 11, 2016: Krista Schwarz, The Wharton School | University of Pennsylvania
Notes on Bonds: Liquidity at all Costs in the Great Recession
March 4, 2016: Edith Hotchkiss, Boston College
Cashing Out: The Rise of M&A in Bankruptcy
February 26, 2016: Martin Schmalz, Ross School of Business | University of Michigan
Ultimate Ownership and Bank Competition
February 19, 2016: Kleopatra Nikolaou, Federal Reserve Board of Governors
Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos
February 12, 2016: Anna Cieslak, Duke University
Stock Returns over the FOMC Cycle
December 4, 2015: Matthew Rhodes-Kropf, Harvard University
Cost of Experimentation and the Evolution of Venture Capital
November 20, 2015: Greg Miller, University of Michigan
Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows
November 6, 2015: Bill Mayhew, Duke University
What’s in a (School) Name? Racial Discrimination in Higher Education Bond Markets
October 30, 2015: Jarrad Harford, University of Washington
Foreign Cash: Taxes, Internal Capital Markets and Agency Problems
October 9, 2015: Charles Lee, Stanford University
Do Short-Sellers Profit from Mutual Funds? Evidence from Daily Trades
September 4, 2015: Luke Taylor, The Wharton School | University of Pennsylvania
Do Funds Make More When They Trade More?
August 28, 2015: Ken Ahern, University of Southern California
Information Networks: Evidence from Illegal Insider Trading Tips
May 1, 2015: Ivan Shaliastovich, The Wharton School | University of Pennsylvania
Paper TBA
April 17, 2015: Clemens Sialm, University of Texas at Austin
It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
April 3, 2015: Andrey Malenko, Massachusetts Institute of Technology
Auctions with Endogenous Initiation
March 27, 2015: Lars Keuhn, Carnegie Mellon University
A Labor Capital Asset Pricing Model
November 15, 2014: Gideon Saar, Cornell University
Hidden Liquidity: Some New Light on Dark Trading
November 14, 2014: Eugene Soltes, Harvard University
What Else Do Shareholders Want? Shareholder Proposals Contested by Firm Management
November 7, 2014: Darren Roulstone, Ohio State University
The Comovement of Investor Attention
November 1, 2014: Chris Parsons, University of California San Diego
Worrying about the Stock Market: Evidence from Hospital Admissions
October 31, 2014: Hee-Joon Ahn, Sungkyunkwan University
Paper TBA
October 25, 2014: Frederico Belo, University of Minnesota
Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
October 18, 2014: Andy Lo, Massachusetts Institute of Technology
An Evolutionary Model of Bounded Rationality and Intelligence
September 27, 2014: James Thompson, University of Waterloo
Lemons and Proud of It: Information Asymmetry and Risk Transfer Markets
September 20, 2014: Dave Maber, University of Michigan
Sell-Side Information Services and Compensation for Investment Research: Evidence from Broker Votes
September 13, 2014: Dimitris Papanikolaou, Northwestern University
Technological Innovation: Winners and Losers
September 6, 2014: Sophie Shive, University of Notre Dame
When the Bellwether Dances to Noise: Evidence from Exchange-Traded Funds
August 30, 2014: Utpal Bhattacharya, Indiana University
The Dark Side of ETFs and Index Funds
April 25, 2014: Elena Simintzi, Sauder School of Business | University of British Columbia
Binding Labor Contracts, the 2008 Financial Crisis, and Firm Outcomes
March 12, 2014: Mariano M. Croce, Kenan-Flagler Business School | University of North Carolina at Chapel Hill
Fiscal Policy and the Distribution of Consumption Risk
February 21, 2014: Michael Drake, Brigham Young University
Paper TBA
February 14, 2014: Francois Cocquemas, EDHEC Business School & Owen Graduate School of Management | Vanderbilt University
Paper: Does market incompleteness matter for market microstructure?
January 31, 2014: Yael Hochberg, Massachusetts Institute of Technology & National Bureau of Economic Research
Resource Accumulation Through Economic Ties: Evidence from Venture Capital
January 17, 2014: Berk Sensoy, Ohio State University
Cyclicality, Performance Measurement, and Cash Flow Liquidity in Private Equity
April 12, 2013: Stijn Van Nieuwerburgh, New York University
Firm Volatility in Granular Networks
April 1, 2013: Edward D. Van Wesep, Kenan-Flagler Business School | University of North Carolina at Chapel Hill
The Quality of Expertise
March 29, 2013: Nicolae Gârleanu, Haas School of Business | University of California Berkeley
Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
March 22, 2013: George Skoulakis, University of Maryland
Time to Wind Down
March 11, 2013: Nick Crain, University of Texas at Austin
Career Concerns and Venture Capital
February 14, 2013: Yesol Huh, Stanford University
Machines vs. Machines: High Frequency Trading and Hard Information
February 6, 2013: Shaun Davies, University of California Los Angeles
The Economics of Discretion in Multi-Agent Decision Problems
February 1, 2013: Erik Gilje, Boston College
Does Local Access to Finance Matter? Evidence from U.S. Oil and Natural Gas Shale Booms
January 30, 2013: Tara Bhandari, Massachusetts Institute of Technology
Making the Most of Good Times: Shareholder Rights and Performance Revisited
January 25, 2013: Stefan Lewellen, Yale University
Executive Compensation and Peer Effects
January 23, 2013: Xiaofei Zhao, University of Toronto
Investor Sentiment and the Cross-Section of Stock Returns
January 16, 2013: Erin Smith, New York University
Do Shareholders Want Less Governance?
January 14, 2013: Haan Soo Lee, Harvard University
Value Access in Venture Capital
December 19, 2012: Yael Hochberg, Northwestern University
Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
December 7, 2012: Lorenzo Garlappi, University of British Columbia
Corporate Innovation and Returns
November 2, 2012: Bill Megginson, University of Oklahoma
The Benefits of Underwriter Reputation to Banks and Equity Issuing Firms
October 19, 2012: Reena Aggarwal, McDonough School of Business | Georgetown University
Center for Financial Markets and Policy
October 5, 2012: John Cox, Massachusetts Institute of Technology
Absolute and Relative Consumption in an Exchange Economy
September 12, 2012: Christophe Spaenjers, HEC Paris
Expected Horizon and Household Finance
September 7, 2012: Frank Warnock, Darden School of Business | University of Virginia
On the Determinants of International Equity Investment
December 9, 2011: David Mauer, University of Texas at Dallas
Subprime Mortgage Defaults and Credit Default Swaps
December 2, 2011: Miguel Palacios, Vanderbilt University
Macroeconomic Announcements and Firm-Level Risk Characteristics
November 18, 2011: Shubo Wang, Vanderbilt University
Incomplete Information and Asset Returns in Real Business Economies
November 11, 2011: Amir Yaron, The Wharton School | University of Pennsylvania
Volatility, the Macroeconomy, and Asset Prices
November 4, 2011: Paul Schultz, University of Notre Dame
The Market for New Issues of Municipal Bonds: The Roles of Transparency and Limited Access to Retail Investors
October 21, 2011: Haim Kedar-Levy, University of Jerusalem
A Dynamic Equilibrium Model of Bubbles
October 7, 2011: Denis Sosyura, Ross School of Business | University of Michigan
Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid
September 30, 2011: Ralph Koijen, National Bureau of Economic Research
Equity Yields
September 23, 2011: Maya Eden, Massachusetts Institute of Technology & The World Bank
Financial Distortions and the Distribution of Global Volatility
September 16, 2011: Laura Casares Field, Penn State University
Are Busy Boards Detrimental?
August 26, 2011: Paul Seguin, Vanderbilt University
Hedging, Costs, Index Volatility, and the Underperformance of Leveraged Exchange-Traded Funds
April 22, 2011: Greg Waymire, Emory University
Language Sustains Trust and Cooperation Even When Uncertainty Enables Widespread Cheating on Social Contracts
April 15, 2011: Costis Skiadas, Northwestern University
Scale-Invariant Asset Pricing Theory: A General Discrete Framework with Ambiguity-Aversion Applications
April 8, 2011: Qiang Zhang, University of Leicester
Consumption, Precautionary Saving, and Market Incompleteness in a Model of Intertemporal Hedging
April 4, 2011: Tarun Ramadorai, Oxford University
Asset Fire Sales and Purchases and the International Transmission of Financial Shocks
March 25, 2011: Cathy Schrand, The Wharton School | University of Pennsylvania
Analyst Recommendations and Higher Order Beliefs: Explaining Bubbles and Price Drift
March 18, 2011: Clemens Sialm, University of Texas at Austin
Complex Mortgages
January 21, 2011: Yongxian Tan, Owen Graduate School of Management | Vanderbilt University
Debt-Equity Choice, Growth Options, and Market Timing
January 14, 2011: Nick Bollen, Owen Graduate School of Management | Vanderbilt University
Hedge Fund R2: What’s Under the Hood?
December 10, 2010: Lixiong Guo, Owen Graduate School of Management | Vanderbilt University
Board Structure and Monitoring: New Evidence from CEO Turnover
December 3, 2010: Alex Stomper, Massachusetts Institute of Technology
Snow and Leverage
November 5, 2010: Pierre Collin-Dufresne, Columbia University
On the Relative Pricing of Long Maturity S&P 500 Index Options and CDX Tranches
October 29, 2010: Peter Demerjian, Emory University
The Impact of Changes in Balance Sheet Covenant Protection on the Design of Private Loan Contracts
October 22, 2010: Tom Chang, University of Southern California
How Many Pears Would a Pear Packer Pack If a Pear Packer Could Pack Pears at Quasi-Exogenously Varying Piece Rates?
September 10, 2010: Richard C. Green, Carnegie Mellon University
Financial Expertise as an Arms Race
August 27, 2010: Shage Zhang, Owen Graduate School of Management | Vanderbilt University
Compensation Gap Among Top Executives: Tournament Competition, Marginal Productivity Differentials, or Governance Failure
May 7, 2010: Pietro Veronesi, University of Chicago
Uncertainty about Government Policy and Stock Prices
April 16, 2010: Guojin Gong, Penn State University
Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts
April 8, 2010: Darrell Duffie, Stanford University
How Big Banks Fail and What to Do about It
March 19, 2010: David Robinson, Duke University
What Does Financial Literacy Training Teach Us?
February 26, 2010: Michael Clement, University of Texas
The Relative Profitability of Analysts’ Stock Recommendations: What Role Does Investor Sentiment Play?
January 29, 2010: Vanitha Ragunathan, University of Queensland
Is the Cross-Listing Premium an SEO Effect?
January 26, 2010: Christopher Hrdlicka, Booth School of Business | University of Chicago
Trading Volume and Time Varying Betas
January 22, 2010: Sara B. Holland, Haas School of Business | University of California Berkeley
The Welfare Implications of Health Capital Investment
January 19, 2010: Alexi Savov, Booth School of Business | University of Chicago
Free for a Fee: The Hidden Cost of Index Fund Investing
January 15, 2010: Michael Michaux, The Wharton School | University of Pennsylvania
Pass-Through, Exposure, and the Currency Composition of Debt
January 7, 2010: Mikhail Simutin, University of British Columbia
Excess Cash and Mutual Fund Performance
January 7, 2010: Nicholay Gantchev, The Wharton School | University of Pennsylvania
The Costs of Shareholder Activism: Evidence from a Sequential Decision Model
December 11, 2009: Tom Ho, Thomas Ho Company Ltd.
Valuing Contingent Claims on Natural Gas Contracts
September 25, 2009: Matt Spiegel, Yale University
Mutual Fund Risk and Market Share Adjusted Fund Flows
September 11, 2009: Dan Dhaliwal, University of Arizona
Bank Assert Securitization and Information Uncertainty
February 6, 2009: Miguel Palacios, University of California Berkeley
The Value and the Risk of Aggregate Human Capital: Implications from a General Equilibrium Model
January 30, 2009: Rose Liao, Ohio State University
Corporate Block Acquisitions Around the World
January 23, 2009: David Solomon, University of Chicago
Selective Publicity and Stock Prices
January 21, 2009: Tor-Erik Bakke, University of Wisconsin
How Does Finance Affect Growth? Evidence from a Natural Experiment in Venezuela
December 12, 2008: Ted Day, University of Texas at Dallas
Dividend Distributions and Closed-End Fund Discounts
December 5, 2008: Itshak Ben-David, Ohio State University
Does Mandated Financial Counseling Improve Mortgage Decision-Making? Evidence from a Natural Experiment
December 3, 2008: Berk Sensoy, University of Southern California
Club Deals in Leveraged Buyouts
November 21, 2008: Dirk Hackbarth, University of Illinois at Urbana-Champaign
The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries
November 14, 2008: David Musto, The Wharton School | University of Pennsylvania
High Water Marks in Competitive Capital Markets
November 7, 2008: Paolo Pasquariello, University of Michigan
Strategic Cross-Trading in the U.S. Stock Market
November 5, 2008: Rudi Fahlenbrach, Ohio State University
Estimating the Effects of Large Shareholders Using a Geographic Instrument
October 31, 2008: Vivek Ghosal, Georgia Institute of Technology
Small Is Beautiful but Size Matters: The Asymmetric Impact of Uncertainty and Sunk Costs on Small and Large Businesses
October 24, 2008: Agnes Cheng, Louisiana State University
The Role of Accruals and Cash Flows in Predicting Future Cash Flows – The Growth Effect
October 10, 2008: D. Craig Nichols, Cornell University
Stock Option Exercises and the Quality of Operating Cash Flows
October 3, 2008: Chris Parsons, University of North Carolina at Chapel Hill
Strike Three: Umpires’ Demand for Discrimination
October 2, 2008: Karin Thorburn, Dartmouth College
Markup Pricing Revisited
September 26, 2008: John Fellingham, Ohio State University
Evaluation in an Induced Moral Hazard Setting (aka An Exercise in Tension Relevance)
September 19, 2008: Audra Boone, University of Kansas
Do Private Equity Consortiums Impede Takeover Competition?
September 12, 2008: Nick Bollen, Vanderbilt University
Locked Up by a Lockup: Valuing Liquidity as a Real Option
August 22, 2008: Sukwon Thomas Kim, Vanderbilt University
Is Order Imbalance Related to Information?
August 8, 2008: Jacob Sagi, Vanderbilt University
Do Fund Managers Make Informed Asset Allocation Decisions?
May 2, 2008: Diego Garcia, University of North Carolina
Relative Wealth Concerns and Complementarities in Information Acquisition
April 22, 2008: Lakshmanan Shivakumar, London Business School
Targets’ Earnings Quality and Bidders’ Takeover Decisions
April 15, 2008: John Fellingham, Ohio State University
Paper TBA
April 11, 2008: Jarrad Harford, University of Washington
Shareholder Cross-Holdings and Their Effect on Acquisition Decisions
April 4, 2008: Steven Swidler, Auburn University
Hedging House Price Risk with CME Futures Contracts: The Case of Las Vegas Residential Real Estate
March 25, 2008: Evgeny Lyandres, Rice University
Real Options, Volatility, and Stock Returns
March 14, 2008: Mohan Venkatachalam, Duke University
The Power of Voice: Managerial Affective States and Future Firm Performance
February 22, 2008: Kathleen Hanley, Securities and Exchange Commission
Strategic Disclosure and the Pricing of Initial Public Offerings
February 19, 2008: Paige Parker Ouimet, University of Michigan
Control and Target Managerial Incentives in Acquisition Decisions
February 15, 2008: Toni Whited, University of Wisconsin
Which Firms Follow the Market? An Analysis of Corporate Investment Decisions
February 14, 2008: Shang-Jin Wei, Columbia University
Growth Potential and Corporate Disclosure: The Case of Foreign Trade Liberalization
February 12, 2008: Ran Duchin, University of Southern California
Cash Holdings and Corporate Diversification
February 8, 2008: Ilya Strebulaev, Stanford University
The Evolution of Aggregate Stock Ownership: A Unified Explanation
February 1, 2008: Karthik Krishnan, Boston College
Universal Banking, Private Information, and Incentive Problems: What Do Ex-Post Lending Patterns Tell Us?
January 22, 2008: Amir Barnea, University of Texas at Austin
Director Networks and Firm Governance
January 18, 2008: Lars-Alexander Kuehn, University of British Columbia
Asset Pricing with Real Investment Commitment
December 14, 2007: Manju Puri, Duke University
Paper TBA
December 7, 2007: Andrea Eisfeldt, Northwestern University
Financing Shortfalls and the Value of Aggregate Liquidity
November 9, 2007: Itay Goldstein, The Wharton School | University of Pennsylvania
Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows
October 26, 2007: Timothy Johnson, University of Illinois
Liquid Capital and Market Liquidity
October 12, 2007: Ayako Yasuda, The Wharton School | University of Pennsylvania
The Economics of Private Equity Funds
October 10, 2007: William Megginson, University of Oklahoma
Dividends and Share Repurchases in the European Union
October 5, 2007: Luke Froeb, Vanderbilt University
Evaluating Mergers Among Firms that Manage Revenue
September 28, 2007: Shawn Mobbs, Vanderbilt University
Tournaments, Heirs, and Organizational Structure
September 21, 2007: Jaime Zender, University of Colorado
A Simple-But-Powerful Test for Long-Run Event Studies
September 7, 2007: Simon Gervais, Duke University
Overconfidence, Investment Policy and Manager Welfare
August 31, 2007: Nick Bollen, Vanderbilt University
Do Hedge Fund Managers Misreport Returns? Evidence from the Pooled Distribution
August 17, 2007: Ron Masulis, Vanderbilt University
Corporate Venture Capital, Strategic Alliances, and the Governance of Newly Public Firms