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Finance Seminars

2016 - 2017 Finance Seminar Series

Seminars will take place from 10:30 a.m. - 12:00 p.m. in AGB 431 unless otherwise indicated. Please check back regularly for additions/changes to the schedule.

* Note: This seminar will take place from 12:30 p.m. - 1:45 p.m. in AGB 532.

FALL 2016

Date Speaker Institution Paper Title

Aug. 26, 2016

Amiyatosh Purnanandam

University of Michigan

The Strategic Under-Reporting of Bank Risk

Sept. 9, 2016

Francesco D'Acunto

University of Maryland

Tear Down This Wall Street: The Effect of Anti-market Ideology on Financial Decisions

Sept. 23, 2016  

David Matsa

Northwestern University  

Home Values and Job Search during the Great Recession

Sept. 30, 2016   

Ville Rantala

University of Miami

Keeping Up with the Ponzis

Oct. 7, 2016

Paul Tetlock

Columbia University


Oct. 14, 2016

Richard Evans

University of Virginia

The Impact on Financial Markets of ETF Failures-to-Deliver
Oct. 17, 2016* David Solomon University of Southern California

The Dividend Disconnect

Oct. 28, 2016 Alexander Ljungqvist New York University

State Capitalism vs. Private Enterprise

Nov. 4, 2016 Archishman Chakraborty       Yeshiva University Rigged Economies
Nov. 11, 2016 Dirk Hackbarth Boston University
Dec. 2, 2016 Efraim Benmelech Northwestern University










Past Seminars 


Date Speaker Institution Paper Title

Feb. 26, 2016

Christian Lundblad

University of North Carolina 

Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds

Mar. 18, 2016

Russell Wermers

University of Maryland

Costly Information Production, Information Intensity, and Mutual Fund Performance

Mar. 25, 2016

Terrance Odean

University of California at Berkeley

Which Factors Matter to Investors? Evidence from Mutual Fund Flows

Apr. 1, 2016

Laura Veldkamp

New York University

Taking Orders and Taking Notes: Dealer Information Sharing in Financial Markets

Apr. 8, 2016

David Musto

University of Pennsylvania

A Simple Model of IPO Underpricing

Apr. 15, 2016

Mitchell Petersen

Northwestern University

Understanding Precautionary Cash at Home and Abroad

Apr. 29, 2016 Lorenzo Garlappi University of British Columbia

Capital Utilization, Market Power, and the Pricing of Investment Shocks

FALL 2015

Date Speaker Institution Paper Title

Aug. 28, 2015

Jeffrey Wurgler

New York University  

The Risk Anomaly Tradeoff of Leverage

Sept. 11, 2015

David Chapman

University of Virginia

Household Responses to Social Security Policy Risk

Sept. 25, 2015

David Yermack

New York University

Donor Governance and Financial Management in Prominent U.S. Art Museums

Oct. 2, 2015

Cary Frydman

University of Southern California

What Drives Peer Effects in Financial Decision-Making? Neural and Behavioral Evidence

Oct. 23, 2015

Itay Goldstein

University of Pennsylvania

Investor Flows and Fragility in Corporate Bond Funds

Oct. 30, 2015

Tarun Ramadorai

University of Oxford

The Effects of Experience on Investor Behavior: Evidence from India's IPO Lotteries

Nov. 6, 2015

Leonid Kogan

Massachussetts Institute of Technology

Winners and Losers: Creative Destruction and the Stock Market

Nov. 13, 2015

Todd Gormley

University of Pennsylvania

Playing It Safe? Managerial Preferences, Risk, and Agency Conflicts

Nov. 20, 2015

Adlai Fisher

University of British Columbia

Leverage and the Limits of Arbitrage Pricing: Implications for Dividend Strips and the Term Structure of Equity Risk Premia

Dec. 4, 2015

Richard Evans

University of Virginia



Date Speaker Institution Paper Title

Feb. 20, 2015

Amir Yaron

University of Pennsylvania  

Good and Bad Uncertainty: Macroeconomic and Financial Market Implications

Feb. 27, 2015

Sheridan Titman

University of Texas at Austin

Swimming Upstream: Struggling Firms in Corrupt Cities

Mar. 6, 2015

Adrien Verdelhan

Massachusetts Institute of Technology

The Term Structure of Currency Carry Trade Risk Premia

Mar. 27, 2015

Ivo Welch

University of California, Los Angeles

Long-Term Capital Budgeting

Apr. 24, 2015

Jonathan Lewellen

Dartmouth College

The behavior of aggregate corporate investment

May 1, 2015

Narasimhan Jegadeesh

Emory University

Cross-Sectional and Time-Series Tests of Return Predictability: What is the Difference?


Date Speaker Institution Paper Title

Sept. 5, 2014

Lu Zhang

Ohio State University  

A Comparison of New Factor Models

Sept. 12, 2014

Zhi Da

University of Notre Dame

Catching Fire: An Anatomy of Information Diffusion using Retweets

Sept. 19, 2014*

Bryan Routledge

Carnegie Mellon University

The Price of Oil Risk

Oct. 3, 2014

Bing Liang

University of Massachusetts Amherst

Hedge Fund Holdings and Stock Market Efficiency

Oct. 10, 2014

David Ng

Cornell University

Predicting Time-varying Value Premium Using the Implied Cost of Capital

Oct. 24, 2014

Ashwini Agrawal

New York University

Private Equity, Technological Investment, and Labor Outcomes

Nov. 7, 2014

Wayne Ferson

University of Southern California

How Many Good and Bad Fund Managers Are there, Really?

Nov. 14, 2014

Brigitte Madrian

Harvard University

Does Front-Loading Taxation Increase Savings?

Nov. 21, 2014

Nikolai Roussanov

University of Pennsylvania

Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty

Dec. 5, 2014

Michael Gallmeyer

University of Virginia

Aggregate Tail Risk, Economic Disasters, and the Cross-Section of Expected Returns

Dec. 10, 2014 

Henrik Cronqvist China Europe International Business School Language and Corporate Decision-Making


Date Speaker Institution Paper Title

Jan. 24, 2014*

Dongmei Li

University of California, San Diego   

Don't Hide Your Light Under a Bushel: Innovative Diversity and Stock Returns

Jan. 31, 2014

Sudheer Chava

Georgia Institute of Technology

Lending to Innovative Firms: The Role of Lender Expertise and Control Rights

Feb. 7, 2014

Joseph Engelberg

University of California, San Diego

Worrying about the stock market: Evidence from hospital admissions

Feb. 14, 2014

Lars Lochstoer

Columbia University

Asset Pricing when 'This Time is Different'

Feb. 21, 2014

Stephan Siegel

University of Washington

Value versus Growth Investing: Why Do Different Investors Have Different Styles?

Feb. 28, 2014

David Robinson

Duke University

Firm Age, Investment Opportunities, and Job Creation

Mar. 7, 2014

Luis Viceira

Harvard University

Monetary Policy Drivers of Bond and Equity Risks

Mar. 21, 2014

Wayne Ferson

University of Southern California


Apr. 4, 2014

David Sraer

Princeton University

Housing Collateral and Entrepreneurship

Apr. 25, 2014

Robert Dittmar

University of Michigan

A Simple Consumption-Based Asset Pricing Model and the Cross-Section of Equity Returns

May 2, 2014**

Xavier Giroud

Massachusetts Institute of Technology

The Impact of Venture Capital Monitoring: Evidence from a Natural Experiment

FALL 2013

Date Speaker Institution Paper Title

Sept. 6, 2013

Ravi Jagannathan

Northwestern University

Why do firms use high discount rates?

Sept. 13, 2013

Kris Jacobs

University of Houston

The Factor Structure in Equity Options

Sept. 27, 2013

Christopher Malloy

Harvard University

Playing Favorites: How Firms Prevent the Revelation of Bad News

Oct. 4, 2013

George Constantinides

University of Chicago

Asset Pricing with Countercyclical Household Consumption Risk

Oct. 11, 2013

Stijn Van Nieuwerburgh

New York University

Firm Volatility in Granular Networks

Nov. 1, 2013

Alexander Michaelides

Imperial College London

Inflation, Money Demand and Portfolio Choice

Nov. 15, 2013

Denis Sosyura

University of Michigan

In the Mood for a Loan: The Causal Effect of Sentiment on Credit Origination

Nov. 22, 2013

Hank Bessembinder

University of Utah

Predicting Corporate Distributions

Dec. 6, 2013

Adair Morse

University of California, Berkeley

Influence in Delegated Management: Active Investors in Private Equity Funds

Spring 2013

Date Speaker Institution Paper Title

Mar. 4, 2013*

Jessica Wachter

University of Pennsylvania

Rare Booms and Disasters in a Multi-Sector Endowment Economy

Mar. 8, 2013

Paolo Pasquariello

University of Michigan

Financial Market Dislocations

Mar. 22, 2013**

Scott Yonker

Indiana University

The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolio Choice

Apr. 5, 2013

Fernando Zapatero

University of Southern California

Labor Income, Relative Wealth Concerns, and the Cross-section of Stock Returns

Apr. 12, 2013 Indraneel Chakraborty Southern Methodist University Do Asset Price Bubbles have Negative Real Effects?
Apr. 19, 2013 Vihang Errunza McGill University The Impact of Investability on Asset Valuation

May 3, 2013

Jianfeng Yu

University of Minnesota

Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle

Fall 2012

Date Speaker Institution Paper Title

Sept. 7, 2012        

Fernando Ferreira    

University of Pennsylvania   

The Role of Contagion in the American Housing Boom

Sept. 14, 2012*

Stefan Nagel

Stanford University

Learning from Inflation Experiences

Sept. 21, 2012**

Yael Hochberg

Northwestern University

Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments

Oct. 5, 2012

Clemens Sialm

University of Texas at Austin

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

Oct. 26, 2012

Gordon Phillips

University of Southern California The Stock Market, Product Uniqueness and Comovement of Peer Firms

Nov. 2, 2012

Liyan Yang University of Toronto Loss Aversion, Survival and Asset Prices

Nov. 9, 2012

Paul Schultz

University of Notre Dame

Municipal Bonds: One Market or Fifty?
Nov. 30, 2012 Dong Lou London School of Economics Industry Window Dressing

Dec. 7, 2012

Bo Becker

Harvard University

Reaching For Yield In The Bond Market

Spring 2012

Jan. 27, 2012           

Elizabeth Gutierrez            

University of California, Los Angeles    



Feb. 10, 2012

Arnie Wright

Northeastern University


The Impact of Monitoring Mechanisms and Management Incentives...

Feb. 17, 2012

Scott Weisbenner

University of Illinois


Why I Lost My Secretary: The Effect of Endowment Shocks on University Operations

Feb. 24, 2012 

Mark Evans

Indiana University


An Examination of Economic and Statistical Approaches....

Feb. 24,  2012  

Ralista Petkova

Purdue University


Idiosyncratic Volatility of Liquidity and Expected Stock Returns

Mar. 02, 2012

Simi Kedia

Rutgers, The State University of New Jersey


Does the Revolving Door Affect the SEC's Enforcement Outcomes?

Mar. 05, 2012 (Monday)**

Danling Jiang

Florida State University


Trust, Consumer Debt, and Household Finance

Mar. 09, 2012

Brian Cadman

University of Utah


The Information Content and Contracting Consequences of SFAS 141(R): The Case of Earnout Provisions

Mar. 19, 2012 (Monday)**

Lauren Cohen

Harvard University


Importing Alpha

Mar. 23, 2012

Terry Shevlin

University of Washington


Does Voluntary Adoption of a Clawback Provision Improve Financial Reporting Quality

Mar. 30, 2012

Susan Shu

Boston College


Do Managers Always Know Better? An Examination of the Relative Accuracy of Management and Analyst Forecasts

Apr. 06, 2012

John R. Graham

Duke University


A Century of Capital Structure: The Leveraging of Corporate America

Apr. 13, 2012

Francesco Bova

University of Toronto


Non-Executive Employee Ownership and Corporate Risk-Taking

Apr. 20, 2012

Matthew T. Billett

Indiana University


Do Investor Identity and Contract Terms Interact? Evidence from the Wealth Effects of Private Placements

Apr. 27, 2012

Heather E. Tookes

Yale University


Corporate Leverage, Debt Maturity and Credit Supply: The Role of Credit Default Swaps

May 04, 2012

Alex Edmans

University of Pennsylvania


The Effect of Liquidity on Governance

Fall 2011

Date Speaker Institution Host Department Paper Titles
Sept. 02, 2011*

Francisco Perez-Gonzalez  

Stanford University

Finance Risk Management and Firm Value: Evidence from Weather Derivatives
Sept. 9, 2011 Brian Miller Indiana University Accounting Capital Market Effects of Financial Reporting Regulation Requiring Nontrivial Investor Invovlement: Evidence from the XBRL Mandate

Sept. 16, 2011

Andrew Ellul

Indiana University

Finance Transparency, Tax Pressure and Access to Finance
Sept. 23, 2011 Venky Nagar University of Michigan Accounting An Evolutionary Risk Basis for Differential Treatment of Gains and Losses

Sept. 30, 2011

Johan Walden

University of California, Berkeley

Finance Investor Networks in the Stock Market
Oct. 7, 2011*** Stan Markov University of Texas at Dallas Accounting Investor Conferences and the Changing Nature of Analyst Research

Oct. 14, 2011

Annette Vissing-Jorgensen

Northwestern University

Finance The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
Oct. 28, 2011*** Ryan Ball University of Chicago Accounting Dissecting Earnings Recognition Timeliness
Nov. 4, 2011*** Joshua Rosett Claremont McKenna College Accounting 150

Nov. 4, 2011**

Geert Bekaert

Columbia University

Finance Asset Return Dynamics under Bad Environment-Good Environment Fundamentals

Nov. 11, 2011

Robert Battalio

University of Notre Dame

Finance To Pay or be Paid? The Impact of Taker Fees and Order Flow Inducements on Trading Costs in U.S. Options Markets

Dec. 02, 2011

Sydney Ludvigson

New York University

International Capital Flows and House Prices: Theory and Evidence

Spring 2011

Date Speaker Institution Host Department Paper Titles
Jan. 28, 2011

Judson A. Caskey     

University of California, Los Angeles

Accounting The pricing of shares in equity markets with securities class action lawsuits

Feb. 04, 2011

John R. Robinson

University of Texas at Austin

Accounting Distilling the reserve for uncertain tax positions: The revealing case of Black Liquor

Feb. 11, 2011

T. Clifton Green

Emory University

Finance Company Name Fluency, Investor Recognition, and Firm Value

Feb. 18, 2011

James Sinclair

Pennsylvania State University

Accounting Past Performance and Changes in Local Bias

Feb. 25, 2011

Shane S. Dikolli

Duke University

Accounting Peer Group Composition, Peer Performance Aggregation, and Detecting Relative Performance Evaluation

Mar. 04, 2011

Anup Agrawal

University of Alabama

Finance Corporate Financial and Investment Policies in the Presence of a Blockholder on the Board

Mar. 11, 2011

M.H. Franco Wong

University of Toronto

Accounting Analyst Following Along the Supply Chain and Forecast Accuracy

Mar. 18, 2011

Spring Break



Mar. 25, 2011*

Steve Rock

University of Colorodo at Boulder


Inventory Write-downs in the Semiconductor Industry

Apr. 01, 2011**

Johan Walden

University of California, Berkeley


Apr. 08, 2011

K.R. Subramanyam

University of Southern California


Affiliated Bankers on Board and Conservative Accounting

Apr. 15, 2011

Manuel Santos

University of Miami

Finance Long-Term Asset Price Volatility and Macroeconomic Fluctuations

Apr. 22, 2011

Kenneth R. Ahern

University of Michigan


Who Writes The News? Corporate Press Releases During Merger Negotiations

Apr. 29, 2011

Arnold Wright

Northeastern University



May 06, 2011

Shimon Kogan

University of Texas at Austin


Information Content of Public Firm Disclosures and the Sarbanes-Oxley Act

Fall 2010

Date Speaker Institution Paper Titles

Aug. 27, 2010

Elena Asparouhova

University of Utah Market Bubbles As Expression of Social Norms: Experiments

Sept. 3, 2010

Christopher Hennessy

London Business School

Privately Optimal Securitization and Publicly Suboptimal Risk Sharing

Sept. 10, 2010

Byoung-Hyoun Hwang

Purdue University

“Self-Fulfilling” Stock Recommendations

Sept. 17, 2010

Brent Ambrose

Pennsylvania State University

Does It Pay to Read Your Junk Mail?

Sept. 24, 2010

Karen Hennes

University of Oklahoma

Accounting Restatements and Auditor Accountability

Oct. 1, 2010

Masahiro Watanabe

University of Alberta

Product Market Competition and Equity Returns

Oct. 8, 2010

Johan Sulaeman

Southern Methodist University

Internal Capital Allocation and Firm Performance

Oct. 15, 2010

James Vincent

University of Florida

The effect of earnings announcements on trading outcomes for different investor classes

Nov. 5, 2010

Jeremy Page

University of Texas at Austin

Do Deviations from Investor Preferences Signal Informed Trading?

Nov. 12, 2010*

Brad Barber

University of California, Davis

Once Burned, Twice Shy: How Naive Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold

Nov. 19, 2010

Robin Greenwood

Harvard University      

A Comparative-Advantage Approach to Government Debt Maturity

Dec. 3, 2010

Henrik Cronqvist

Claremont Graduate University

Behavioral Consistency in Corporate Finance: CEO Personal and Corporate Leverage

Dec. 10, 2010

Lakshmanan (Shiva) Shivakumar

London Business School

Exchange Sponsored Analyst Coverage

*Special Time: 10am - 11:30am


Spring 2010
Date Speaker Institution

Jan. 22, 2010

John Phillips

University of Connecticut

Jan. 29, 2010

Phil Berger

University of Chicago

Feb. 19, 2010

Rick Johnston

Ohio State University

Feb. 26, 2010

Panos N. Patatoukas

Yale University

Mar. 5, 2010

Rui Albuquerque

Boston University

Mar. 12, 2010

Jay Ritter

University of Florida

Apr. 2, 2010

Paul Fischer

Pennsylvania State University

Apr. 9, 2010

Christian Lundblad

University of North Carolina at Chapel Hill

Apr. 16, 2010

Evgeny Lyandres

Boston University

Apr. 23, 2010

Martjin Cremers

Yale University

Apr. 30, 2010

Fabrizio Ferri

New York University

May 7, 2010

Charles Wasley

University of Rochester

Fall 2009
Date Speaker


Sept. 4, 2009

Long Chen

Washington University in St. Louis

Sept. 18, 2009

Elaine Henry*

University of Miami

Sept. 25, 2009

Radha Gopalan

Washington University in St. Louis

Oct. 2, 2009

Robert Freeman

University of Texas at Austin

Oct. 9, 2099

Sundaresh Ramnath*

University of Miami

Oct. 16, 2009

Timothy Burch*

University of Miami

Oct. 23, 2009

K. Ramesh

Michigan State University

Oct. 30, 2009

Vikrant Vig

London Business School

Nov. 6, 2009

Heitor Almeida

University of Illinois at Urbana-Champaign

Nov. 13, 2009

Sandro Andrade*

University of Miami

Nov. 20, 2009

Mike Willenborg

University of Connecticut

2008 - 2009




Apr. 3, 2009

Javier Estrada

University of Navarra

Mar. 27, 2009

Amar Gande

South Methodist University

Mar. 13, 2009

Dirk Hackbarth

University of Illinois

Feb. 27, 2009

Andrew Karolyi

Ohio State University

Dec. 5, 2008

Yael Hochberg

Northwestern University

Nov. 21, 2008

Daniel Bergstresser

Harvard University

Nov. 14, 2008

Vik Nanda

Arizona State University

Oct. 21, 2008

Sudheer Chava

Texas A&M University

Oct. 3, 2008

Simon Gervais

Duke University

Sept. 26, 2008

Karl Lins

University of Utah

Sept. 19, 2008

Alok Kumar

University of Texas at Austin

Exchange Sponsored Analyst Coverage
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