Finance Seminar Series - Previous Seminars

Fall 2017

Date Name Affiliation Title
September 11, 2017 Christophe Spaenjers HEC Paris A Model of Trading in the Art Market
September 18, 2017 Rui Silva London Business School Can Credit Rating Agencies Affect Election Outcomes?
September 25, 2017 Elisabeth Kempf Chicago Booth School of Business Bright Ideas Gone Bust: Successful Innovation and Corporate Fraud
October 9, 2017 Katya Malinova University of Toronto Does high frequency trading add noise to prices?
October 16, 2017 Frederic Boissay Bank for International Settlements Macroeconomics of Bank Capital and Liquidity Regulations
October 23, 2017 Melissa Prado Nova School of Business and Economics Competition and Cooperation in Mutual Fund Families
November 6, 2017 Sabrina Howell NYU Stern School of Business The Impact of Delay in Going Public: Evidence from China
November 13, 2017 Tarek Hassan Boston University Aggregate and Idiosyncratic Political Risk: Measurement and Effects
November 20, 2017 Luigi Guiso Einaudi Institute for Economics and Finance The Cost of Distorted Financial Advice: Evidence from the Mortgage Market
November 27, 2017 Li An Tsinghua University Lottery-Related Anomalies: The Role of Reference-Dependent Preferences

Spring 2017

Date Name Affiliation Title
February 20, 2017 Talis Putnins University of Technology Sydney Welfare Costs of Informed Trade
February 27, 2017 Jürgen Huber Universität Innsbruck Experimental Evidence on What is Risk and how it Affects Market Prices
March 6, 2017 Alexander Ljungqvist NYU Board Monitoring, Strategic Interaction, and the Value of the Firm
March 13, 2017 John Chalmers University of Oregon Is Conflicted Investment Advice Better than No Advice?
March 20, 2017 Philip Valta University of Bern Debt in Political Campaigns
March 27, 2017 Cary Frydman USC Marshall School of Business The Role of Salience and Attention in Choice Under Risk: An Experimental Investigation
April 3, 2017 S. 'Vish' Viswanathan Duke University Risk Management in Financial Institutions
April 24, 2017 Josef Zechner WU Vienna Market Implied Costs of Bankruptcy
May 8, 2017 Kumar Venkataraman Southern Methodist University Capital Commitment and Illiquidity in Corporate Bonds
May 15, 2017 Guillaume Vuillemey HEC Paris The Failure of a Clearing House: Empirical Evidence
May 22, 2017 Heitor Almeida University of Illinois The Impact of Obamacare on Firm Employment and Performance

Fall 2016

Date Name Affiliation Title
September 12, 2016 Tyler Muir Yale Volatility Managed Portfolios
September 26, 2016 Paulo Maio Hanken Multifactor models and the APT: Evidence from a broad cross-section of stock returns
October 10, 2016 Paolo Sodini Stockholm School of Economics Rich Pickings? Risk, Return, and Skill in the Portfolios of the Wealthy
October 17, 2016 Peter Swan University of New South Wales The Gender Face-Off: Do Females Traders come out On-Top
October 24, 2016 Olga Kuzmina New Economic School Fooling the Savvy Investor: Secrecy and Hedge Fund Performance
October 31, 2016 Sreedhar Bharath Arizona State Ephemeral Experiences, Long Lived Impact: Disasters and Portfolio Choice
November 7, 2016 Andrey Malenko MIT Proxy Advisory Firms: The Economics of Selling Information to Voters
November 14, 2016 Itzhak Ben-David Ohio State Impulsive Consumption and Financial Wellbeing: Evidence from an Expansion in the Supply of Alcohol
November 21, 2016 William Mann UCLA Collateral Constraints, Wealth Effects, and Volatility: Evidence from Real Estate Markets
November 28, 2016 Farzad Saidi Stockholm School of Economics Life Below Zero: Bank Lending Under Negative Policy Rates
December 5, 2016 Söhnke Bartram Warwick Why Does Idiosyncratic Risk Increase with Market Risk?

Spring 2016

Date Name Affiliation Title
February 22, 2016 Yaniv Grinstein Cornell University and IDC Herzliya Relative Performance Evaluation in CEO Compensation: A Non Agency Explanation
February 29, 2016 Tyler Muir Yale - cancelled -
March 7, 2016 Johan Sulaeman National University of Singapore Does Sadness Influence Investor Behavior? Evidence from Bereaved Fund Managers
March 14, 2016 Harald Hau University of Geneva Technological Progress and Ownership Structure
April 4, 2016 Nicola Gennaioli Bocconi Diagnostic Expectations and Credit Cycles
April 11, 2016 Nickolay Gantchev University of North Carolina Activism Mergers
April 18, 2016 Kai Li University of British Columbia Regression Discontinuity and Shareholder Approval in M&As
April 25, 2016 Joe Chen University of California, Davis Yield Curve Predictors of Foreign Exchange Returns
May 2, 2016 Dirk Jenter Stanford Good and Bad CEOs
May 9, 2016 Ran Duchin University of Washington - cancelled -
May 23, 2016 Gustavo Manso University of California, Berkeley Heterogeneous Innovation over the Business Cycle
May 30, 2016 Andrei Simonov Michigan State University Loss Averse Preferences, Performance, and Career Success of Institutional Investors
Fifty Shades of Corporate Culture
June 7, 2016
12:30 am - 01:30 pm
L9, 1-2, room 409
Jan Schneemeier Board of Governors of the Federal Reserve System The Source of Information in Prices and Investment-Price Sensitivity
June 24, 2016 Viral Acharya NYU Stern Monetary Easing and Financial Instability

Fall 2015

Date Name Affiliation Title
September 14, 2015 Giorgia Piacentino Washington University in St.Louis Warehouse Banking
September 21, 2015 Christian Opp Wharton Learning about Distress
September 28, 2015 Michelle Lowry Drexel University Informed Trading by Advisor Banks? a look at option holdings ahead of mergers
October 5, 2015 Veronika Pool Indiana University Do shocks to personal wealth affect risk taking in delegated portfolios?
October 12, 2015 Paolo Sodini Stockholm School of Economics - cancelled -
October 19, 2015 Harald Hau University of Geneva - cancelled -
October 19, 2015 Yuri Tserlukevich Arizona State University Is Market Timing Good for Shareholders?
October 26, 2015 Chris Malloy Harvard Business School Lazy Prices
November 9, 2015 Per Strömberg Stockholm School of Economics “Since you’re so rich, you must be really smart”: Talent and the Finance Wage Premium
November 16, 2015 Francois Degeorge University of Lugano News Dissemination and Investor Attention
November 23, 2015 Yan Hongjun Rutgers Business School Financial Intermediation Chains in an OTC Market

Spring 2015

Date Name Affiliation Title
February 23, 2015 Michela Verardo London School of Economics Does herding behavior reveal skill? An analysis of mutual fund performance
March 9, 2015 Ralitsa Petkova Case Western Reserve University Absolute strength: Exploring momentum in stock returns
March 16, 2015 David Solomon University of Southern California Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns
March 23, 2015 James Dow London Business School The Paradox of Financial Fire Sales
April 13, 2015 Jonathan Brogaard University of Washington Market Integration and High Frequency Trading
April 20, 2015 Heather Tookes Yale School of Management - cancelled -
April 27, 2015 Michael Weber University of Chicago The Term Structure of Equity Returns: Risk or Mispricing?
May 4, 2015 Alessandro Previtero Western University Ivey Retail Financial Advice: Does One Size Fit All?
May 11, 2015 Umit Gurun University of Texas at Dallas Patent Trolls: Evidence from Targeted Firms
May 18, 2015 Michael Hertzel Arizona State University The effect of external governance on the choice between bank loans and public debt
June 30, 2015 (12:00-13:30)* Utpal Bhattacharya Hong Kong University of Science and Technology Do Superstitious Traders Lose Money?

Fall 2014

Date Name Affiliation Title
September 1, 2014 Eliezer M. Fich Drexel University - LeBow College of Business Analyst Coverage and Acquisition Returns: Evidence from Natural Experiments
September 8, 2014 Andrew Winton University of Minnesota - Carlson School of Management Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply Before and During the Financial Crisis
September 15, 2014 Katharina Lewellen Tuck School of Business at Dartmouth Internal Ownership Structures of U.S. Multinational Firms
September 22, 2014 Carole Comerton-Forde The University of Melbourne Dark Trading and Price Discovery
September 29, 2014 Steven Ongena Universität Zürich In Lands of Foreign Currency Credit, Bank Lending Channels Run Through?
October 13, 2014 Nadya Malenko Boston College - Carroll School of Management The Labor Market for Directors and Externalities in Corporate Governance
October 20, 2014 Lubos Pastor University of Chicago - Booth School of Business Do Funds Make More When They Trade More?
November 3, 2014 Karin S. Thorburn Norwegian School of Economics How costly is corporate bankruptcy for top executives?
November 10, 2014 Diego Garcia University of North Carolina at Chapel Hill - Kenan-Flagler Business School The Kinks of Financial Journalism
November 17, 2014 Claudia Custodio Arizona State University - W.P. Carey School of Business Do General Managerial Skills Spur Innovation?
November 24, 2014 Roni Michaely Cornell University - Johnson Graduate School of Management - cancelled -
December 1, 2014 Kelly Shue University of Chicago - Booth School of Business Decision-Making under the Gambler's Fallacy

Spring 2014

Date Name Affiliation Title
February 27, 2014 René M. Stulz The Ohio State University - Fisher College of Business - cancelled -
March 10, 2014 Katharina A. Lewellen Tuck School of Business at Dartmouth - cancelled -
March 17, 2014 José Miguel Gaspar ESSEC Business School Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts
March 24, 2014 Tim Adam Humboldt-Universität zu Berlin Hold-Up and the Use of Performance-Sensitive Debt
March 31, 2014 Francois Derrien HEC Paris The Effects of Investment Bank Rankings: Evidence from M&A League Tables
April 7, 2014 Mitchell Petersen Kellogg School of Management - Northwestern University Loans on sale: Credit market seasonality, borrower need, and lender rent seeking
April 28, 2014 Loriana Pelizzon Goethe Universität - Frankfurt am Main Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina?
May 5, 2014 (12-13:30)* Christian Leuz Booth School of Business - University of Chicago The Twilight Zone: OTC Regulatory Regimes and Market Quality
May 5, 2014 Martin Schmalz Ross School of Business - University of Michigan Competitive Effects of Common Ownership: Evidence from the Airline Industry
May 12, 2014 Jonathan Brogaard Foster School of Business - University of Washington - cancelled -
May 12, 2014 Olga Kuzmina New Economic School - Moscow - cancelled -
May 26, 2014 Moqi Xu London School of Economics and Political Science CEO Contract Horizon and Innovation

Fall 2013

Date Name Affiliation Title
September 9, 2013 Shlomo Benartzi UCLA Anderson School of Management - cancelled -
September 16, 2013 Darwin Choi Hong Kong University of Science and Technology When Uninformed Trades are Asymmetric: The Impact of the Disposition Effect on Stock Prices.
September 23, 2013 Tim Loughran University of Notre Dame Using 10-K Text to Gauge Financial Constraints
September 30, 2013 Mungo Wilson University of Oxford - Saïd Business School Asset Pricing: A Tale of Two Days
October 7, 2013 Antoinette Schoar MIT Sloan School of Management Trading Partners in the Interbank Lending Market
October 14, 2013 Neal Stoughton Wirtschaftsuniversität Wien An Integrated Model of University Endowments
October 21, 2013 David Matsa Northwestern University - Kellogg School of Management Unemployment Insurance and Consumer Credit
October 28, 2013 Andres Almazan McCombs School of Business, University of Texas at Austin Debt, Labor Markets and the Creation and Destruction of Firms
November 4, 2013 Stefan Nagel University of Michigan ECB Policies involving Government Bond Purchases: Impact and Channels
November 18, 2013 Norman Schürhoff HEC Université de Lausanne Dealer Networks
November 25, 2013 Joao Cocco London Business School A Model of Mortgage Default
December 2, 2013 Alon Brav Duke University - The Fuqua School of Business The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Industry Concentration

Spring 2013

Date Name Affiliation Title
March 4, 2013 Dong Lou London School of Economics Industry Window Dressing
April 15, 2013 Rüdiger Fahlenbrach École Polytechnique Fédérale de Lausanne Trust Preferred Securities and Regulatory Arbitrage
April 22, 2013 Alok Kumar University of Miami Income Hedging and Asset Prices
April 29, 2013 Lasse Heje Pedersen NYU Embedded Leverage & Betting Against Beta
May 6, 2013 Søren Hvidkjær Copenhagen Business School Factor covariances predict factor returns
May 13, 2013 Florian Heider European Central Bank As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
May 27, 2013 Geoffrey Tate UNC Kenan-Flagler Business School Are Credit Ratings Subjective? The Role of Credit Analysts in Determining Ratings

Fall 2012

Date Name Affiliation Title
September 10, 2012 Ulrike Malmendier University of California, Berkeley Learning from Inflation Experiences
September 17, 2012 Antoinette Schoar MIT Sloan School of Management - cancelled -
September 24, 2012 Enrichetta Ravina Columbia Business School Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios
October 1, 2012 Simon Gervais Duke University The Industrial Organization of Money Management
October 8, 2012 Dirk Hackbarth University of Illinois Granularity of Corporate Debt: Theory and Tests
October 15, 2012 Oliver G. Spalt Tilburg University Learning by Doing and the Value of Experience for Mutual Fund Managers
October 22, 2012 Lauren H. Cohen Harvard Business School Channels of Influence
November 12, 2012 Brigitte Madrian Harvard Kennedy School Does Aggregated Returns Disclosure Increase Portfolio Risk-Taking?
November 19, 2012 Joachim Grammig Universität Tübingen Creative Destruction and Asset Prices
November 26, 2012 Stephan Siegel University of Washington Why Do Individuals Exhibit Investment Biases?
December 3, 2012 Ulf von Lilienfeld-Toal Stockholm School of Economics How Did the US Housing Slump Begin? Role of the 2005 Bankruptcy Reform

Spring 2012

Date Name Affiliation Title
February 27, 2012 James J. Choi Yale University Small Cues Change Savings Choices
March 5, 2012 Utpal Bhattacharya Indiana University Conflicting Family Values in Mutual Fund Families
March 12, 2012 Matti Keloharju Aalto University IQ and Mutual Fund Choice
March 19, 2012 Morten Bennedsen INSEAD Estimating the Value of The Boss: Evidence from CEO Hospitalization Events
March 26, 2012 Joseph Engelberg University of California, San Diego Networks and Productivity: Causal Evidence from Editor Rotations
April 16, 2012 Amil Dasgupta London School of Economics The Wall Street Walk when Blockholders Compete for Flows
April 23, 2012 Patrick Bolton Columbia Business School Market Timing, Investment, and Risk Management
April 30, 2012 Christopher Polk London School of Economics An Intertemporal CAPM with Stochastic Volatility
May 7, 2012 Konstantin Milbradt MIT Sloan School of Management Maturity Rationing
May 14, 2012 Raman Uppal EDHEC Business School Asset Prices with Heterogeneity in Preferences and Beliefs
May 21, 2012 Mike Burkart Stockholm School of Economics Smart Buyers

Fall 2011

Date Name Affiliation Title
September 12, 2011 Michel Antoine Habib University of Zurich Entrepreneurial Spawning and Firm Characteristics
September 19, 2011 Robert Dittmar University of Michigan Cross-Market and Cross-Firm Effects in Implied Default Probabilities and Recovery Values
September 20, 2011 (Tuesday) Stefan Nagel Stanford University Learning from Inflation Experiences (Econ-Seminar)
September 21, 2011 (Wednesday) Nicolas Serrano-Velarde Oxford University The Causal Effect of Bankruptcy Law on the Cost of Finance (Accounting-Seminar)
October 10, 2011 Ulrich Hege HEC Paris How does Private Equity Bid in Corporate Asset Sales?
October 17, 2011 Dirk Sliwka University of Cologne Differentiation and Performance
October 24, 2011 Alexander F. Wagner University of Zurich The Executive Turnover Risk Premium
October 31, 2011 Simon Benninga Tel Aviv University Valuing employee stock options and restricted stock in the presence of market imperfections
November 7, 2011 Michael Lemmon University of Utah - cancelled -
November 14, 2011 Daniel Dorn Drexel University Investors With Too Many Options?
November 21, 2011 Vikas Agarwal Georgia State University Window Dressing in Mutual Funds
November 28, 2011 David Laibson Harvard University Natural Expectations, Macroeconomic Dynamics, and Asset Pricing
December 5, 2011 S. Viswanathan Duke University Financial Intermediary Capital

Spring 2011

Date Name Affiliation Title
February 14, 2011 Mireia Gine WRDS, University of Pennsylvania The Vote is Cast: The Effect of Corporate Governance on Shareholder Value
February 21, 2011 David Thesmar HEC Paris The WACC Fallacy: The Real Effects of Using a Unique Discount Rate
March 14, 2011 Pedro Matos USC Marshall School of Business The Mutual Fund Industry Worldwide: Explicit and Closet Indexing, Fees, and Performance
March 28, 2011 Daniel Ferreira London School of Economics Boards of Banks
April 4, 2011 Jayant R. Kale Georgia State University Outside Employment Opportunities, Employee Productivity, and Debt Disciplining
April 11, 2011 Tarun Chordia Goizueta Business School Asymmetric Correlations
May 2, 2011 Avanidhar Subrahmanyam UCLA Anderson School of Management - cancelled -
May 9, 2011 Gordon Phillips University of Maryland Conglomerate Industry Spanning
May 23, 2011 Martin Oehmke Columbia Business School Should Derivatives be Senior?
May 30, 2011 Philipp Illeditsch University of Pennsylvania, Wharton Business School Beliefs about Inflation and the Term Structure of Interest Rates

Fall 2010

Date Name Affiliation Title
September 6, 2010 Yakov Amihud New York University, Leonard N. Stern School of Business Creditor rights and corporate risk-taking
September 13, 2010 Miguel A. Ferreira Universidade Nova de Lisboa The Pay Divide: (Why) Are U.S. Top Executives Paid More?
September 20, 2010 Albert J. Menkveld VU University Amsterdam Middlemen in Limit-Order Markets
October 4, 2010 Russ Wermers University of Maryland, Smith School of Business Active vs. Passive Investing and the Efficiency of Individual Stock Prices
October 11, 2010 Guillaume Plantin Toulouse School of Economics Rewarding Trading Skills Without Inducing Gambling
October 18, 2010 Ludovic Phalippou University of Amsterdam Private Equity Performance and Liquidity Risk
October 25, 2010 Alex Edmans University of Pennsylvania, Wharton Business School The Real Effects of Financial Markets: The Impact of Prices on Takeovers
November 3, 2010 Sudipto Dasgupta Hong Kong University of Science and Technology Shareholder democracy and its discontents: outrage, captured boards, and the veil of ignorance
November 22, 2010 Urs Peyer INSEAD Governance Adjustments, Product Market Competition, and Firm Value

Spring 2010

Date Name Affiliation Title
February 22, 2010 Enrique Schroth Universiteit van Amsterdam Cross-country Evidence of Strategic Default Behaviour
March 8, 2010 Hans Degryse Tilburg University Foreign Bank Entry and Credit Allocation in Emerging Markets
March 15, 2010 Alexander Dyck University of Toronto, Rotman School of Management Taxes, Valuation and Organizational Structure
March 22, 2010 Christine Parlour University of California Berkeley, Haas School of Business Laying off Credit Risk: Loan Sales versus Credit Default Swaps
April 12, 2010 Jörg Rocholl European School of Management and Technology Skin in the Game: The Incentive Structure in Online Social Lending
April 19, 2010 Victoria Ivashina Harvard Business School "An Unfair Advantage"? Combining Banking with Private Equity Investing
April 26, 2010 Markku Kaustia Helsinki School of Economics Stock Market Aversion? Political Preferences and Stock Market Participation
May 3, 2010 Karl V. Lins University of Utah, David Eccles School of Business Transparency, Liquidity, and Valuation: International Evidence
May 10, 2010 David Yermack New York University, Leonard N. Stern School of Business The Michelle Markup: The First Lady`s impact on stock prices of fashion companies
May 11, 2010 Holger Müller New York University, Leonard N. Stern School of Business Snow and Leverage
May 17, 2010 Camelia M. Kuhnen Kellogg School of Management, Northwestern University CEO Turnover in a Competitive Assignment Framework
May 31, 2010 Laura Starks University of Texas at Austin CEO Deal-Making Activity, CEO Compensation and Firm Value
June 7, 2010 Allaudeen Hameed National University of Singapore Information, analysts, and stock return comovement
June 30, 2010 Dirk Hackbarth College of Business at Illinois Liquidity Mergers

Fall 2009

Date Name Affiliation Title
14 September 2009 Magnus Dahlquist Stockholm School of Economics International Bond Risk Premia
28 September 2009 Marcin Kacperczyk New York University, Leonard N. Stern School of Business Attention Allocation Over the Business Cycle
12 October 2009 Francesca Cornelli London Business School Monitoring Managers: Does it matter?
26 October 2009 Clemens Sialm McCombs School of Business, University of Texas at Austin Mutual Fund Tax Clienteles
2 November 2009 Han Kim University of Michigan, Ross School of Business CEO Ownership and Valuation
16 November 2009 Martin Ruckes Universität Karlsruhe (TH) Time to Wind Down: Closing Decisions and High Water Marks in Hedge Fund Management Contracts
23 November 2009 Stephen Schaefer London Business School Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005
8 December 2009 Avi Wohl Tel-Aviv University Flows between Bond and Stock Funds and Stock Returns

Spring 2009

Date Name Affiliation Title
9 March 2009 Thierry Foucault HEC School of Management Liquidity Cycles and Make/Take Fees in Electronic Markets
16 March 2009 Andrew Ellul Kelley School of Business Control Motivations and Capital Structure Decisions
23 March 2009 Fabio Trojani Universität St. Gallen Economic Uncertainty, Disagreement, and Credit Markets
20 April 2009 Alan Morrison University of Oxford - Said Business School Internal Reporting Systems, Commitment, and Capital Adequacy Requirements
4 May 2009 Vicente Cunat London School of Economics Globalization and the Provision of Incentives Inside the Firm: The Effect of Foreign Competition
18 May 2009 Sreedhar Bharath Stephen M. Ross School of Business University of Michigan Are Women Executives Disadvantaged?
25 May 2009 David Yermack New York University Leonard N. Stern School of Business Is a Higher Calling Enough? Incentive Compensation in the Church
8 June 2009 Murillo Campello University of Illinois at Urbana-Champaign Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble

Fall 2008

Date Name Affiliation Title
Mon 8th September 2008 Adriano Rampini Duke University Collateral, financial intermediation, and the distribution of debt capacity
Mon 15th September 2008 Henri Servaes London Business School Does Derivative Accounting Affect Risk Management? International Survey Evidence
Mon 22th September 2008 Phil Dybvig Washington University in St. Louis Renegotiation-proof Contracting, Disclosure, and Incentives for Efficient Investment
Mon 29th September 2008 Antoine Martin Federal Reserve Bank of New York The Welfare Effects of a Liquidity-Saving Mechanism
Mon 6th October 2008 Bart Lambrecht Lancaster University / Management School Capital Structure, Liquidity and Transferable Human Capital
Mon 13th October 2008 Mariassunta Gianetti Stockholm School of Economics Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans
Mon 27th October 2008 Vikrant Vig London Business School Access to Collateral and Corporate Debt Structure
Mon 17th November 2008 Michael Brennan University of California at Los Angeles Agency and Asset Pricing

Spring 2008

Date Name Affiliation Title
Mon 3rd March 2008 Darrell Duffie Stanford University Over-the-Counter Search Frictions:
Mon 10th March 2008 Michel van der Wel Vrije Universiteit Amsterdam Discovering the Equilibrium Riskfree Rate
Mon 31th March 2008 Max Maksimovic University of Maryland Post-Merger Restructuring and the Boundaries
Mon 14th April 2008 Rüdiger Fahlenbrach The Ohio State University / Fisher College of Business Estimating the Effect of Large Shareholders U
Mon 21st April 2008 Jacob Oded Tel Aviv University Payout Policy, Financial Flexibility, and Agency
Tue 22nd April 2008 Ken Judd Stanford University Existence, Uniqueness, and Computational Theory for Time Consistent Equilibria: A Hyperbolic Discounting Example
Mon 5th May 2008 Tom Noe University of Oxford Product market efficiency: The bright side of myopic, uninformed, and passive external finance
Mon 19th May 2008 Alexander Mürmann Wirtschaftsuniversität Wien Financing Risk Transfer under Governance Problems: Mutual versus Stock Insurers
Tue 20th May 2008 Thomas Walker Concordia University Montreal Do Underwriters Have an Information Advantage? Evidence from Institutional Investor Holdings around IPO-Related Securities Class Action Announcements
Mon 26th May 2008 Denis Gromb London Business School Financially Constrained Arbitrage and Cross-Market Contagion

Fall 2007

Date Name Affiliation Title
Mon 3rd September 2007 Tobias Adrian Federal Reserve Bank, New York Hedge Fund Tail Risk
Mon 10th September 2007 Marco Pagano Università degli Studi di Napoli Information Sharing and Credit:Firm-Level Evidence from Transition Countries
Mon 1st October 2007 Marek Weretka University of Wisconsin-Madison The Time Structure of Price Impact in Thin Financial Markets
Mon 15th October 2007 José-Miguel Gaspar ESSEC Business School Power Plays: Intra-Firm Corporate Connections and Firm Value
Mon, 29th October 2007 David Lando Copenhagen Business School Conditional independence of default
Mon 5th November 2007 Roman Inderst University of Frankfurt, Germany Loan Origination under Soft- and Hard-Information Lending
Mon 3rd December 2007 Alexander Kempf University of Cologne, Germany Employment Risk, Compensation Incentives and Managerial Risk Taking: Evidence from the Mutual Fund Industry
Mon 10th December 2007 Itay Goldstein Wharton School, University of Pennsylvania Incentives for Information Production in Markets where Prices Affect Real Investment

Spring 2007

Date Name Affiliation Title
Mon 26th February 2007 Josef Zechner Universität Wien Human Capital, Bankruptcy and Capital Structure
Mon 5th March 2007 Peter Bossaerts California Institute of Technology Prices and Allocations in Asset Markets with Heterogeneous Attitudes Towards Ambiguity
Mon 12th March 2007 Giovanni Barone-Adesi University of Lugano A GARCH Option Pricing Model in Incomplete Markets
Mon 19th March 2007 Pierre-Olivier Weill UCLA Crashes and Recoveries in Illiquid Markets
Mon 26th March 2007 Thomas Gehrig Universität Freiburg Stock Price Informativeness, Cross-Listings and Investment Decisions
Mon 16th April 2007 Marno Verbeek RSM Erasmus University, Rotterdam On the Use of Multi-Factor Models to Evaluate Mutual Fund Performance
Mon 30th April 2007 Pierre Mella-Barral HEC Paris Knowhow, Core Competencies and the Choice between Merging, Allying, and Buying Assets
Mon 7th May 2007 Mathijs van Dijk RSM Erasmus University, Rotterdam Size Strikes Back: Resurrecting the Size Effect in Expected Stock Returns
Mon 14th May 2007 Suleyman Basak London Business School Dynamic Mean-Variance Asset Allocation
Mon 21st May 2007 Albert "Pete" Kyle Duke University, Durham Cash Settlement, Price Manipulation, and the Modigliani-Miller Theorem
Tue 22nd May 2007 Markus Brunnermeier Princeton University Market Liquidity and Funding Liquidity
Mon 4th June 2007 Franklin Allen The Wharton School, University of Pennsylvania Financing Firms in India

Fall 2006

Date Name Affiliation Title
Wed 02nd Aug 2006 Boyce D. Watkins Whitman School of Management, Syracuse University Do Fund Managers Use Private Information in their Asset Allocation Decisions? Evidence from Macroeconomic Announcements
Mon 11th Sep 2006 Gerhard Stahl BaFin, Bonn Stress Tests for Concentration Risk
Mon 18th Sep 2006 Neal Stoughton University of Calgary Investment Management
Mon 25th Sep 2006 Norman Schürhoff Université de Lausanne Dealer Intermediation and Price Behavior in the Aftermarket for New Bond Issues
Thu 05th Oct 2006 Emanuel Mönch Humboldt University Berlin Conditional Asset Pricing with a Large Information Set
Mon 09th Oct 2006 Masako Ueda University of Wisconsin-Madison Knowing Who You are Matters: A Theory of Young Firms versus Mature Firms
Thu 12th Oct 2006 Reint Gropp European Central Bank Trade credit chains
Mon 23th Oct 2006 Bernard Dumas HEC Lausanne und INSEAD What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?
Mon 30th Oct 2006 Dirk Hackbarth Washington University Stock Returns in Mergers and Acquisitions
Mon 06th Nov 2006 Erik Theissen Uníversität Bonn Short Sale Constraints, Divergence of Opinion and Asset Values: Evidence from the Laboratory
Mon 13th Nov 2006 Engelbert Dockner Universität Wien Leaders, Followers and Risk Dynamics in Industry Equilibrium
Mon 20th Nov 2006 Hülya Eraslan The Wharton School, University of Pennsylvania Corporate Bankruptcy Reorganizations: Estimates from a Bargaining Mode
Mon 27th Nov 2006 Joost Driessen University of Amsterdam Option-Implied Correlations and the Price of Correlation Risk
Mon 11th Dec 2006 Evan Gatev Carroll School of Management Liquidity risk and limited arbitrage: are taxpayers helping hedge funds get rich?
Mon 18th Dec 2006 Christian Leuz The Wharton School, University of Pennsylvania Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

Spring 2006

Date Name Affiliation Title
Thu 26th Jan 2006 Manfred Jäger Institut der deutschen Wirtschaft, Köln Demographic Uncertainties, Financial Markets and the Social Security System
Mon 30th Jan 2006 Per Strömberg Stockholm Institute for Financial Research (SIFR) and University of Chicago What are Firms? Evolution from Birth to Public Companies
Mon 6th Feb 2006 Gerhard Illing Universität München Financial Stability and Monetary Policy A Framework
Wed 8th Feb 2006 Ulrike Neyer Martin-Luther-University Halle-Wittenberg Flexibility of Monetary Policy in the Euro Area and the Remuneration of Required Reserves
Mon 8th Mai 2006 Dimitri Vayanos London School of Economics A Search-Based Theory of the On-the-Run Phenomenon
Mon 15th Mai 2005 Elena Carletti Center for Financial Studies Stakeholder Capitalism, Corporate Governance and Firm Value
Mon 29th Mai 2006 Gordon Gemmill Warwick Business School Short and Long Term Impacts of Share Repurchases: The Evidence from Closed-End Funds
Mon 12th Jun 2006 Kristian Miltersen Norwegian School of Economics Dynamic Capital Structure with Callable Debt and Debt Renegotiations
Mon 19th Jun 2006 Christian Wolff University of Maastricht Time-Variation in Term Premia: International Survey-Based Evidence
Mon 26th Jun 2006 Alexander Guembel Said Business School, Oxford Managerial Legacies, Entrenchment and Strategic Inertai
Mon 3rd Jul 2006 Gunter Löffler Uníversität Ulm Can rating agencies look through the cycle?
Mon 10th Jul 2006 David Yermack Stern School of Business, New York University Sunset rules for equity compensation when managers resign, retire, or die
Thu 27th Jul 2006 Ulrich Fritsche DIW The Dynamics of European Inflation Expectations

Fall 2005

Date Name Affiliation Title
Tue 18th Oct 2005 John H. Boyd University of Minnesota Bank Competition and Fragility Revisited: New Theory and New Empirics
Mon 24th Oct 2005 Renée Adams Stockholm School of Economics Gender Diversity in the Boardroom
Tue 1st Nov 2005 Jean-Charles Rochet Universite de Toulouse Dynamic Security Design
Mon 7th Nov 2005 Arnoud W.A. Boot University of Amsterdam Competition and Entry in Banking: Implications for Stability and Capital Regulation
Mon 14th Nov 2005 Günter Franke Universität Konstanz Return Predictability and Stock Market Crashes in a Simple Rational Expectations Model
Mon 21st Nov 2005 Matti Keloharju Helsinky School of Economics Sensation Seeking, Overconfidence, and Trading Activity
Tue 22nd Nov 2005 Sudipto Bhattacharya London School of Economics Patents vs Trade Secrets: Knowledge Licensing and Spillover
Tue 29th Nov 2005 Hans Degryse Tilburg University SMEs and Bank Lending Relationships:the Impact of Mergers
Mon 5th Dec 2005 Rajnish Mehra University of California, Santa Barbara Junior is Rich: Bequests as Consumption
Mon 12th Dec 2005 Richard Stapelton University of Manchester Two-Dimensional Risk-Neutral Valuation Relationships for the Pricing of Options
Tue 20th Dec 2005 Antoinette Schoar MIT Politically Connected CEOs and Corporate Outcomes: Evidence from France

Spring 2005

Date Name Affiliation Title
Thu 07th Apr 2005 Florian Heider European Central Bank Capital structurce, risk and asymmetric information
Mon 18th Apr 2005 Phil Dybvig Washington University Lifetime Consumption and Investment: Retirement and Constrained Borrowing
Mon 25th Apr 2005 Tim Adam Hong Kong University of Science and Technology Hedging, Speculation and Shareholder Value
Wed 27th Apr 2005 Iman van Lelyveld University Nijmegen Interbank Contagion in the Dutch Banking Sector
Tue 10th May 2005 Ross Levine University of Minnesota Is there a diversification discount in financial conglomerates?
Tue 17th May 2005 David Scharfstein Harvard Business School Organizational Scope and Investment: Evidence from the Drug Development Strategy and Performance of Biopharmaceutical Firms
Mon 23th May 2005 Alfred Lehar Universität Wien Using Price Information as an Instrument of Market Discipline in Regulating Bank Risk
Tue 24th May 2005 Wolf Wagner University of Cambridge and Tilburg University The Liquidity of Bank Assets and Banking Stability
Mon 30th May 2005 Viral Acharya London Business School Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
Mon 6th Jun 2005 Manju Puri Duke University Optimism and Economic Choice
Tue 7th Jun 2005 Robert Shiller Yale University Irrational Exuberance
Mon 13th Jun 2005 Thorsten Hens Universität Zürich Making Prospect Theory Fit for Finance
Thu 16th Jun 2005 Richard Deaves McMaster University Hamilton The dynamics of overconfidence: Evidence from stock market forecasters
Thu 23rd Jun 2005 Lorenzo Cappiello European Central Bank The Contagion Box: Measuring Financial Market Co-movements by Regression Quantiles
Mon 11th Jul 2005 Julie Agnew College of William and Mary An Analysis of How Individuals React to Market Returns in One 401(k)

Fall 2004

Date Name Affiliation Title
Tue 9th Nov 2004 John Geanakoplos Yale University Liquidity and Crashes: General Equilibrium with Collateral
Thu 11th Nov 2004 Koen Schoors Gent University, CERISE Bank supersision Russian Style: Rules versus enforcement
Mon 22nd Nov 2004 Alexander Zimper SFB 504 Investment under Uncertainty: The Case of Pessimistic Decision Makers
Tue 23rd Nov 2004 Andreas Sauer Union Panagora Market Efficiency
Mon 29th Nov 2004 Robert Marquez University of Maryland Takeover Bidding and Shareholder Information
Thu 2nd Dec 2004 Dietmar Maringer University of Erfurt The hidden risks of value at risk
Mon 13. Dec. 2004 Jan Mahrt-Smith University of Toronto Corporate Governance and the Value of Cash Holdings
Thu 16th Dec 2004 Eelke de Jong Radboud University Nijmegen Do Differences in Political Culture Hamper European Integration? The case of the ECB
Mon 20th Dec 2004 Mathias Dewatripont Université libre de Bruxelles Modes of Communication
Tue 21st Dec 2004 Ulrike Malmendier GSB Stanford University Superstar CEOs
Mon 24th Jan 2005 Loriana Pelizzon London Business School Does Local Market Correlation Matter for Ownership Structure and Control Rights?