Past Seminars

Offered through the support of the Zell Center for Risk Research.

The finance seminars take place on Wednesdays from 12:00pm-1:30pm unless otherwise noted. The seminars will be located in room 2245. The 2012-2013 finance seminars are organized by David Matsa and Dimitris Papanikolaou.

Date	Presenter	Paper Title
Fall 2011
September 21	David T. Robinson	"Cyclicalty, Performance Measure, and Cash Flow Liquidity in Private Equity"
September 28	Nicholas Barberis	TBA
October 5	Kelly Shue	TBA
October 12	Gustavo Manso	"Feedback Effects of Credit Ratings"
October 19	Rangarajan Sundaram	"CDS Credit-Event Auctions"
October 26	Veronica Guerrieri	"Credit Crises, Precautionary Savings and the Liquidity Trap"
November 2	Dimitry Livdan	"Are Institutions Informed About News?"
November 9	Stephen Morris	"Contagious Adverse Selection"
November 11	Paul Tetlock	"How Wise Are Crowds? Insights from Retail Orders and Stock Returns"
November 30	Andrew Abel	"Optimal Inattention to the Stock Market with Information Costs and Transaction Costs"

Date	Presenter	Paper Title
Winter/ Spring 2011
March 9	Philip Strahan, Carroll School of Management, Boston College	"Are Issuer Size and Ratings Shopping 'Priced' in the Mortgage-Backed Securities Market?" (44 Pages/218KB)
March 16	Thomas Philippon, Stern School of Business, New York University	"Household Leverage and the Recession" (Coauthor Virgiliu Midrigan) (39pages/ 340KB)
March 30	Lars Hansen, Economics Department, University of Chicago	"Nonlinear Filtering and Learning Dynamics in Models with Robust Decision-Makers" (Coauthors Nick Polson and Thomas Sargent) (28 Pages/ 219 KB)
April 6	Darrell Duffie, Graduate School of Business, Stanford University	"Capital Mobility and Asset Pricing" (Coauthor Bruno Strulovici) (52 pages)
April 13	Jakub Jurek, Princeton University	"Crashes and Collateralized Lending" (Coauthor Erik Stafford) (44pages/ 669KB)
April 20	Yuliy Sannikov, Princeton University	"The I-Theory of Money"
April 27 1:45pm to 3:15pm Room G42	Ken Singleton, Graduate School of Business, Stanford University	"The Anatomy of Risk Premiums in Gaussian Macro-Finance Term Structure Models" (Coauthors Scott Joslin and Anh Le) (38 pages/546KB)
May 4	Itamar Drechsler, Stern School of Business, New York University	"Risk-Choice Under High-Water Marks"
May 11 1:30pm to 3:00pm Room G44	Carola Frydman, Sloan School of Management, Massachusetts Institute of Technology	"Predators or Watchdogs? Bankers on Corporate Boards in the Age of Finance Capitalism" (Coauthor Eric Hilt) (52 Pages/ 283 KB)
May 18	Lubos Pastor, Booth School of Business, University of Chicago	"Uncertainty about Government Policy and Stock Prices" (Coauthor Pietro Veronesi) (53 pages/ 501 KB)
May 25 2:00-3:30pm Room G27	Itay Goldstein, The Wharton School, University of Pennsylvania	"Trading Frenzies and Their Impact on Real Investment" (Coauthors Emre Ozdenoren and Kathy Yuan) (40 Pages)
June 1	David Musto, The Wharton School, University of Pennsylvania	"High Water Marks in Competitive Capital Markets" (Coauthor Susan Christoffersen) (25 pages/ 245KB)

Date	Presenter	Paper Title
Fall 2010
September 22 in room G45	Gordon Phillips, R.H. Smith School of Business, University of Maryland	"Text-Based Product Characteristics, Competition and Dividends"
September 29 Seminar begins at 11:15am	Michael Roberts, The Wharton School, University of Pennsylvania	“Do Peer Firms Affect Corporate Capital Structure?" (57pages/ 335 Kb)
October 6	Lasse Pedersen, Stern School of Business, New York University	"Betting Against Beta" (68 pages/ 935 KB)
October 13	Geert Bekaert, Columbia University	"Asset Return Dynamicsunder Bad Environment-Good Environment Fundamentals" (51 pages/ 471 kb)
October 20	Viral Acharya, Stern School of Business, New York University	"Aggregate Risk and the Choice between Cash and Lines of Credit " (52 pages/ 648 KB)
October 27	Scott Joslin, Sloan School of Management, Massachusetts Institute of Technology	"Rare Disasters and Risk Sharing with Heterogeneous Beliefs" (51 pages/ 567 KB)
November 3	Chris Mayer, Columbia University	"Lemons and CDOs" (68pages/ 211 kb)
November 10	Ron Kaniel, The Fuqua School of Business, Duke University	"The delegated Lucas-tree" (76 pages/968 KB)
November 17 Cancelled	Lars Hansen, Economics Department, University of Chicago	TBA
December 1	Francisco Perez-Gonzalez, Stanford University	"Risk Management and Firm Value: Evidence from Weather Derivatives" (49 pages/ 269 KB)

Date	Presenter	Paper Title
Spring 2010
March 3	Amir Sufi, Booth School of Business, University of Chicago	"House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis" (Coauthor Atif Mian) (PDF 218kb/ 50 pages)
March 17	Monika Piazzesi, Economics Department, Stanford University	"The Housing Market(s) of San Diego."
April 7	John Geanakoplos, Economics Department, Yale University	"The Leverage Cycle"
April 14	Harrison Hong, Economics Department, Princeton University	TBA
April 21	Christopher Malloy, Harvard Business School	"Powerful Politicians Cause Corporate Downsizing" (Coauthors Lauren Cohen & Joshua Coval)
April 28	Igor Makarov, London Business School	"Rewarding Trading Skills Without Inducing Gambling" (Coauthor Guillaume Plantin) (PDF 279kb/ 32 pages)
May 5	Nikolai Rossanov, The Wharton School, University of Pennsylvania	"Composition of Wealth, Conditioning Information, and the Cross-Section of Stock Returns" (PDF 380/ 59pages)
May 12 Room 101 3:30pm-5:00pm	Dean Karlan, Economics Department, Yale University	"Getting to the Top of Mind: How Reminders Increase Savings" (PDF 783KB/ 40pages)
May 19	Harald Uhlig, Economics Department, University of Chicago	"Fiscal Stimulus and Distortionary Taxation" (joint with Thorsten Drautzburg, U. of Chicago)
May 26	Tarek Hassan, Booth School of Business, University of Chicago	"Country Size, Currency Unions, and International Asset Returns" (58 pages)
June 2	VV Chari, Economics Department, University of Minnesota	"Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets" (Coauthors Ali Shourideh and Ariel Zetlin-Jones)(PDF 435kb/ 57pages)

Date	Presenter	Paper Title
Fall 2009
September 23	Roland Benabou, Economics Department, Princeton University	"Groupthink: Collective Delusions in Organizations and Markets"
September 30	Nicolae Garleanu, Haas School of Business, University of California at Berkeley	"Margin-Based Asset Pricing and Deviations from the Law of One Price" (Coauthor Lasse Heje Pedersen) (PDF 422 KB/41 Pages)
October 7	Wei Xiong, Economics Department, Princeton University	"Index Investing and the Financialization of Commodities" (Coauthor Ke Tang) (PDF628kb/45pages)
October 14 Cancelled	Monika Piazzesi, Economics Department, Stanford University	"Trend and Cycle in Bond Premia" (Coauthor Martin Schneider) (PDF 368kb/50 pages)
October 21	Effi Benmelech, Economics Department, Harvard University	"Negotiating with Labor Under Financial Distress" (Coauthor Nittai Bergman and Ricardo Enriquez) (PDF363/ 45pages)
October 28	Emmanuel Farhi, Economics Department, Harvard University	"Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts" (Coauthor Jean Tirole)
November 4	Simon Gervais, Fuqua School of Business, Duke University	"When Does Libertarian Paternalism Work" (Coathor Bruce Carlin & Gustavo Manso) (PDF199KB/ 26 pages)
November 11	Toni Whited, Simon Graduate School of Business, University of Rochester	"Capital Structure Dynamics and Transitory Debt" (Coauthors Harry DeAngelo and Linda DeAngelo) (PDF 514 KB/58 pages)
November 18	Daniel Paravisini, Columbia Graduate School of Business, Columbia University	"What's Bank Reputation Worth? The Effect of Fraud on Financial Contracts and Investment" (Coauthor Huidan Lin) (PDF 352KB/ 46pages)
December 2	Doug Diamond, Booth School, University of Chicago	"Fear of Fire Sales and the Credit Freeze" (Coauthor Raghuram Rajan) (PDF 270KB/ 40 pages)

Date	Presenter	Paper Title
Spring 2009
March 4Room G27	Guillaume Plantin, London Business School	"Equilibrium Subprime Lending" (Coauthor Igor Makarov) (PDF 1.73MB/ 45 pages)
March 11 Room160	Jeremy Graveline, Carlson School of Management, University of Minnesota	"Exchange Rate and Volitility and the Forward Premium Anomaly" (PDF 378/ 43pages)
March 18 Room160	Hui Chen, Sloan School of Management, Massachusetts Institute of Technology	" A Unified Theory of Tobin's q,Corporate Investment, Financing, and Risk Management" (Coauthors Patrick Bolton and Neng Wang) (PDF 447KB/ 53 pages)
April 1	Enrichetta Ravina, Columbia Business School, Columbia University	“Love & Loans: The Effect of Beauty and Personal Characteristics in Credit Markets.”
April 8	Jiang Wang, Sloan School of Management, Massachusetts Institute of Technology	"Liquidity of Corporate Bonds" (Coauthors Jack Bao and Jun Pan) (PDF 276 KB/ 52 pages)
April 15	Peter DeMarzo, Graduate School of Business, Stanford University	"Dynamic Agency and the q Theory of Investment" (Coauthors Michael Fishman, Zhiguo He, Neng Wang) (PDF 485 KB/ 52 pages)
April 22	Steve Kaplan, Graduate School of Business, University of Chicago	"Which CEO Chacteristics and Abilities Matter?" (Coauthors Mark M. Klebanov and Morten Sorensen) (PDF 278 KB/ 55 Pages)
April 29	Maureen O'Hara, The Johnson School, Cornell University	"Liquidity and Valuation in an Uncertain World" (Coauthor David Easley) (32pages)
May 6	Sheridan Titman, McCombs School of Business, The University of Texas	"Credit Rating Targets" (Coauthors Armen Hovakimian and Ayla Kayhan) (52 Pages)
May 13	Tobias Adrian, New York Federal Reserve	" CoVaR" (Coauthor Markus K. Brunnermeier) (PDF 200KB/ 30pages)
May 20	Nick Bloom, Economics Department, Stanford University	"Really Uncertain Business Cycles" (Coauthors Max Floetotto and Nir Jaimovich) (PDF 2.25MB/ 34 Pages)
May 27 G05	Bruce Carlin, Anderson School of Management, University of California at Los Angeles	"Obfuscation, Learning, and the Evolution of Investor Sophistication" (Coauthor Gustavo Manso" (PDF 239KB/ 31 pages)
June 10	John Graham, The Fuqua School of Business, Duke University	"The Real Effects of Financial Constraints: Evidence from a Financial Crisis" (PDF 326KB/52 pages)

Date	Presenter	Paper Title
Fall 2008
September 24	Maria Guadalupe, Columbia Business School, Columbia University	"The Flattering Firm and Product Market Competition: The Effect of Trade Liberalization" (Coauthor Julie Wulf) (PDF 197Kb/50 pages)
October 1	Raj Iyer, Amsterdam Business School, University of Amsterdam	"Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks" (Coauthor Manju Puri) (PDF 399KB/46 pages)
October 8	Patrick Bolton, Columbia Business School, Columbia University	"The Dynamics of Optimal Risk Sharing" (Coauthor Christopher Harris) (PDF 125KB/33 pages)
October 15	Matt Speigel, Yale School of Management, Yale University	“Time Varying Corporate Capital Stocks and the Cross Section and Intertemporal Variation in Stock Returns.” (Coauthors Jacob Sagi and Masahiro Watanabe) (PDF 223 Kb/ 31 pages)
October 22	Vasia Panousi, Federal Reserve Board	"Capital Taxation with Entrepreneurial Risk" (PDF 388 KB/ 45 pages)
October 29	Andrew Ellul, Kelly School of Business, Indiana University	"Inheritance Law and Investment in Family Firms" (Coauthors Fausto Panuzi and Marco Pagano)
November 5	Lauren Cohen, Harvard Business School, Harvard University	"Sell Side School Ties" (Coauthors Andrea Frazzini and Christopher Malloy) (PDF 491 KB/ 45 pages)
November 12	Tomasz Piskorski, Columbia Business School, Columbia University	"Stochastic House Appreciation and Optimal Mortgage Lending" (Coauthor Alexei Tchistyi) (PDF 311/ 46 pages)
November 19	Hanno Lustig, Department of Economics, University of California, Los Angeles	"IT, Corporate Payouts and the Growing Inequality in Managerial Compensation" (Coauthors Chad Syverson and Stijn VanNieuwerburgh)
December 3	Stefen Nagel, Graduate School of Business, Stanford University	"Estimation and Evaluation of Conditional Asset Pricing Models" (Coauthor Kenneth J. Singleton) (PDF 544kb/ 46 pages)

Date	Presenter	Paper Title
Spring 2008
April 2	Pietro Veronesi, Graduate School of Business, University of Chicago	"Stock-Based Compensation and CEO (Dis)Incentives" (Coauthors Efraim Benmelech and Eugene Kandell) (PDF 1.80mb/ 53pages)
April 9	Dimitri Vayanos, London School of Economics	“Bond Supply and Excess Bond Returns” (Coauthor Robin Greenwood) (PDF 964 KB / 46 pages)
April 16	Jeremy Stein, Harvard Business School, Harvard University	"A Gap-Filling Theory of Corporate Debt Maturity Choice" (Coauthors Robin Greenwood and Samuel Hanson) (PDF 374 KB / 48 pages)
April 23	Murray Carlson, University of British Columbia	"Leverage Choice and Credit Spread Dynamic When Managers Risk Shift" (Coauthor Ali Lazrak) (PDF 1.04mb/ 68pages)
April 30	Francois Gourio, Boston University	"Disasters, Recoveries and Predictability" (PDF 389 KB/ 33 pages)
May 7	Laura Veldkamp, New York University	"Leadership, Coordination and Mission-Driven Management" (Coauthors Patrick Bolton and Markus K. Brunnermeier) (PDF 251 KB/ 44 pages)
May 14	S. "Vish" Viswanathan Fuqua School of Business, Duke University	"Moral Hazard, Collateral and Liquidity" (Coauthor Viral Vacharya) (PDF 386KB/60 pages)
May 21 in room 166 AT 8:45AM-10:15AM.**	Stijn Van Nieuwerburgh, New York University	"The Wealth-Consumption Ratio" (Coauthors Hanno Lustig and Adrien Verdelhan) (PDF 661KB/78pages)
May 28	Nittai Bergman, Massachusetts Institute of Technology	"Vintage Capital and Creditor Protection" (Coauthor Efraim Benmelech) (PDF 370KB/ 53 pages)
June 4	Holger Mueller, New York University	"Does Corporate Governance Matter in Competitive Industries?" (Coauthor Xavier Giroud) (PDF 717KB/52 pages)

Date	Presenter	Paper Title
Fall 2007
September 26	Antoinette Schoar Massachusetts Institute of Technology	"Judge Specific Differences in Chapter 11 and Firm Outcomes" (Coauthor Tom Chang)
October 3	Robin Greenwood Harvard Business School, Harvard University	"Catering Through Nominal Share Prices" (Coauthors Malcolm Baker and Jeffrey Wurgler) (PDF 238 KB / 43 pages)
October 10	Wei Jiang Graduate School of Business, Columbia University	"Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows" (Coauthors Qi Chen and Itay Goldstein) (PDF 387 KB / 54 pages)
October 17	Peter Bossaerts California Institute of Technology Swiss Finance Institute Professor (from 1 August on) Ecole Polytechnique Fédérale Lausanne (Swiss Federal Institute of Technology Lausanne)	"Exploring the Nature of 'Trading Intuition'" (Coauthors Antione J Bruguier and Steven R Quartz)
October 24 ** 11:30 AM - 1:00 PM	Jessica Wachter Wharton School, University of Pennsylvania	"Why Do Household Portfolio Shares Rise in Wealth?" (Coauthor Motohiro Yogo) (PDF 315 KB / 54 pages)
October 31	Will Goetzmann Yale School of Management, Yale University	"Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration" (Coauthors Stephen Brown, Bing Liang and Christopher Schwarz) (PDF 487 KB / 56 pages)
November 7	Jonathan Zinman Tuck School of Business at Dartmouth College	"Fuzzy Math and Household Finance: Theory and Evidence" (Coauthor Victor Stango)
November 14	Denis Gromb London Business School	"Financially Constrained Arbitrage and Cross-Market Contagion" (Coauthor Dimitri Vayanos) (PDF 65 KB / 29 pages)
Friday, November 16 in room 2245	Motohiro Yogo Wharton School, University of Pennsylvania	"Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets" (PDF 305 KB / 43 pages)
November 28	Raghu Rajan Graduate School of Business, University of Chicago	"Landed Interests and Financial Underdevelopment in the United States" (Coauthor Rodney Ramcharan) (PDF 271 KB / 40 pages)
December 5	Milton Harris Graduate School of Business, University of Chicago	"Control of the Corporate Decisions: Shareholders vs. Management" (Coauthor Artur Raviv) (PDF 300 KB / 34 pages)
Friday, December 7 in G44	James Vickery	"How Do Financial Frictions Shape the Product Market? Evidence From Mortgage Originations"

Date	Presenter	Paper Title
Spring 2007
March 28	Richard Stanton Haas School of Business, University of California at Berkeley	"Human Capital, Bankruptcy and Capital Structure" (Coauthors Jonathan Berk and Josef Zechner) (PDF 300 KB / 38 pages)
April 4	Jianjun Miao Graduate School of Management, Boston University	"Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform" (Coauthor Francois Gourio) (PDF 340 KB / 44 pages)
April 11	Narasimhan Jegadeesh Goizueta Business School, Emory University	"Do Analysts Herd? An Analysis of Recommendations and Market Reactions" (Coauthor Woojin Kim) Second Version (PDF 160 KB / 40 pages) "Do Analysts Herd? An Analysis of Recommendations and Market Reactions" (Coauthor Woojin Kim) (PDF 197 KB / 41 pages)
** Tuesday April 17 12:15 PM - 1:15 PM	Nour Meddahi Tanaka Business School, Imperial College London	"Testing Distributional Assumptions: A GMM Aproach" (Coauthor Christian Bontemps) (PDF 293 KB / 32 pages)
April 18	Bruce Lehmann Rady School of Management, University of California at San Diego	"Arbitrage-Free Limit Order Markets and the Pricing of Order Flow Risk" (PDF 442 KB / 56 pages)
**April 25 Room changed to 1246	David Scharfstein Harvard Business School, Harvard University	"Skill and Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs" (PDF 218 KB / 42 pages)
May 2	Ken Ayotte Graduate School of Business, Columbia University	"Optimal Property Rights in Financial Contracting" (Coauthor Patrick Bolton) (PDF 404 KB / 46 pages)
May 9	Michael Lemmon David Eccles School of Business, University of Utah	"Why Designate Market Makers? Affirmative Obligations and Market Quality" (Coauthors Hank Bessembinder and Jia Hao)
May 16	Mark Westerfield Marshall School of Business, University of Southern California	"Disagreement and Learning in a Dynamic Contracting Model" (Coauthor Tobias Adrian) (PDF 252 KB / 35 pages)
May 23	Nicholas Barberis Yale School of Management, Yale University	"What Drives the Disposition Effect? An Analysis of a Long-standing Preference-based Explanation" (Coauthor Wei Xiong) (PDF 396 KB / 47 pages)
May 30	Jose Scheinkman Department of Economics, Princeton University	"Long Term Risk: An Operator Approach" (Coauthor Lars Hansen) (PDF 322 KB / 55 pages)
June 6	Tom Davidoff Haas School of Business, University of California at Berkeley	"Stock Prices, Housing Prices, Housing Stock Prices and the Fundamentals " (PDF 187 KB / 27 pages)

Date	Presenter	Paper Title
*Fall 2006*
**Sept 20 Seminar will be held 10:45 - 12:15 in G44	Darrell Duffie Graduate School of Business, Stanford University	"Systemic Dynamics in the Federal Funds Market" (Coauthor Adam Aschraft) (PDF 17 KB / 4 pages)
Sept 27	Anil Kashyap Graduate School of Business, University of Chicago	"Investment Spikes: New Facts and a General Equilibrium Exploration" (Coauthor Francois Gourio) (PDF 265 KB / 47 pages)
Oct 4	Alon Brav Fuqua School of Business, Duke University	"Costly Communication, Shareholder Activism, and Limits to Arbitrage: Evidence from Closed-End Funds" (PDF 239 KB / 49 pages)
Oct 11	Ron Kaniel Fuqua School of Business, Duke University	"Momemtum as an outcome of difference in higher order beliefs" (PDF 235 KB / 31 pages)
Oct 18	Gur Huberman Columbia Business School, Columbia University	"Is the Price of Money Managers Too Low?" (PDF 263 KB / 37 pages)
Oct 25	Tobias Moskowitz Graduate School of Business, University of Chicago	"The Political Economy of Financial Regulation: Evidence from U.S. Usury Laws in the 19th Century" (PDF 492 KB / 52 pages)
Nov 1	Amil Dasgupta	"The Price of Conformism" (PDF 360 KB / 39 pages) (Coauthors Andrea Prat and and Michela Verardo) Background Paper: "Asset Price Dynamics When Traders Care About Reputation" (PDF 258 KB / 40 pages)
Nov 8	Michael Roberts Wharton School, University of Pennsylvania	"The Response of Corporate Financing and Investment to Changes in the Supply of Credit: A Natural Experiment" (PDF 260 KB / 68 pages)
Nov 15	Yuliy Sannikov Haas School of Business, University of California at Berkeley	"Agency Problems, Screening and Increasing Credit Lines" (PDF 249 KB / 36 pages)
Nov 29	Bob Goldstein Carlson School of Management, University of Minnesota	"On the Relation Between the Credit Spread Puzzle and the Equity Premium Puzzle" (PDF 312 KB / 45 pages)
Dec 6	Bhaskaran Swaminathan Johnson School of Management, Cornell University	"Do stock prices underreact to SEO announcements? Evidence from SEO valuation" (Coauthor Amiyatosh Purnanandam) (PDF 845 KB / 41 pages)

Date	Presenter	School	Paper Title
Spring 2006
**Thursday, March 30, 11:45am - 1:15pm, Room G03	Bernard Dumas	Insead	"What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?" (PDF 509 KB / 47 pages)
April 5	Roni Michaely	Cornell	"Free Cash Flow, Signaling, and Smoothing: Lessons from Dividend Policy of Public and Private Firms" (PDF 308 KB / 50 pages)
April 12	Laura Veldkamp	NYU	"Information Acquisition and Portfolio Under- Diversification" (PDF 328 KB / 36 pages)
April 19	Daniel Wolfenzon	NYU	"Inside the Family Firm: The role of families in succession decisions and performance" (PDF 216 KB / 40 pages)
April 26	Andrew Winton	UMN	"Bank Loans, Bonds, and Information Monopolies across the Business Cycle" (PDF 186 KB / 42 pages)
May 3	Jeff Coles	ASU	"Structural Models and Endogeneity in Corporate Finance" (PDF 479 K / 60 pages)
May 10	Jeff Wurgler	NYU	"Government bonds and the cross-section of stock returns" (PDF 185 K / 38 pages)
May 17	Rene Adams	HHS	"Gender diversity in the boardroom" (PDF 349 K / 35 pages)
**May 24, Room G36	Dan Bergstresser	HBS	TBA
May 31	Anat Admati	Stanford	"The 'Wall Street Walk' and Shareholder Activism: Exit as a Form of Voice" (PDF 399 K / 47 pages)

Date	Presenter	School	Paper Title
Winter 2006
Jan. 11	Camelia Kuhnen	Stanford	"Social Networks, Corporate Governance and Contracting in the Mutual Fund Industry" (PDF 50 pages)
*Friday, Jan. 13 , 1:30-3pm	Gustavo Manso	Stanford	"Motivating Innovation" (PDF 354 KB / 50 pages)
*Tuesday, Jan. 17, 1:30-3pm	Mark Leary	Duke	"Bank Loan Supply, Lender Choice and Corporate Capital Structure" (PDF 294 KB / 56 pages)
Jan. 18	Ruslan Bikbov	Columbia	"Monetary Policy Regimes and the Term Structure of Interest Rates"
*Tuesday, Jan. 24, 1:30-3pm	David Matsa	MIT	"Capital Structure as a Strategic Variable: Evidence from Collective Bargaining"
Jan. 25	Jan Schneider	UBC	"A Rational Expectations Equilibrium with Informative Trading Volume"
*Friday, Jan. 27, 1:30-3pm	Justin Sydnor	Berkeley	"Sweating the Small Stuff: The Demand for Low Deductibles in Homeowners Insurance" (PDF 573 KB / 52 pages)
Feb. 1	Victoria Ivashina	NYU	"The Effects of Syndicate Structure on Loan Spreads"
*Friday, Feb. 3, 1:30-3pm	Pavel Savor	Harvard	"Do Stock Mergers Create Value for Acquirers?"
Feb. 15	Jose Liberti	Visiting Kellogg	"Estimating the Effect of Hierarchies on Information Use"
*Wednesday, Feb. 22, 10:30am-Noon Room 4214	Tom Hubbard	Kellogg	"The Organization of Specialization: Knowledge Based Production" (Word Doc 2.53 MB / 56 pages)
March 1	Owen Lamont	Yale	"Dumb Money" (PDF 180 KB / 59 pages)

Date	Presenter	School	Paper Title
Fall 2005
Sept. 21	Robert Novy-Marx	Chicago GSB	"A Q-Theory of Dynamic Oligopoly" (PDF 241 KB / 42 pages)
Sept. 28	Zhenyu Wang	NY FRB	"Public Provision of Private Liquidity" (PDF 1.26 MB / 48 pages)
Oct. 5	Yaniv Grinstein	Cornell	"Corporate Governance and Firm Value - The Impact of the 2002 Governance Rules" (PDF 280 KB / 49 pages)
Oct. 12	Clemens Sialm	Michigan	"Unobserved Actions of Mutual Funds"
Oct. 19	Jonathan Parker	Princeton	"Household Expenditure and the Income Tax Rebates of 2001"
Oct. 26	Peter Christoffersen	McGill	"An Empirical Comparison of Affine and Non-Affine Models for Equity Index Options"
Nov. 2	Holger Mueller	NYU	"Concentrated Ownership and Labor Relations"
Nov. 9	Matias Braun	UCLA	"Where Does the Market Matter? Stock Prices and Investment Around the World" (PDF 230 KB / 40 pages)
Nov. 16	Neng Wang	Columbia	"Investment, Consumption and Hedging Under Incomplete Markets"
Nov. 30	Chris Malloy	LBS	"Supply and Demand Shifts in the Shorting Market"

Date	Presenter	School	Paper Title
Spring 2005
Mar 30	Francis Longstaff	UCLA	Asset Pricing in Markets with Illiquid Assets
Apr 6	Jacob Sagi	U California, Berkeley	Liquidity and Closed-End Funds (with Martin Cherkes, Princeton and Richard Stanton, U California, Berkeley)
Apr 13 * 12:00-1:30 p.m. in room G43	Jonathan Berk	U California, Berkeley	A Rational Model of the Closed-End Fund Discount (with Richard Stanton, Berkeley) AND Persistence and Fund Flows of the Worst Performing Mutual Funds (with Jing Xu, Berkeley)
Apr 20	Jonathan Parker	Princeton	Optimal Expectations (with Markus Brunnermeier, Princeton)
Apr 27	Markus Brunnermeier	Princeton	Marketing Liquidity and Funding Liquidity (with Lasse Pedersen, NYU)
May 4	Vefa Tarhan	Loyola	Allocating Marginal Cashflow: Investment, Financing, and Distribution Decision Sensitivities (with Todd Pulvino, Northwestern)
May 11	Julian Franks	LBS	Ownership: Evolution and Regulation (with Colin Mayer, U Oxford and Stefano Rossi, LBS)
May 18	Atif Mian	U Chicago	Tracing the Financial and Real Impact of a Credit Crunch
May 25	Dirk Jenter	MIT	Employee Sentiment and Stock Option Compensation
Jun 1* 9:00 - 10:30am in Rm G36	William Easterly	NYU	Reliving the '50s: Poverty Traps, the Big Push, and Takeoffs in Economic Development

Date	Presenter	School	Paper Title
Fall 2004
Sep 22	Mariassunta Giannetti	Stockholm School	Social Interactions and Entrepreneurial Activity (with Andrei Simonov)
Sep 24 12-1pm	Oleg Bondarenko	UIC	Zell Center Bag Lunch: Market Price of Variance Risk and Performance of Hedge Funds
Sep 28	Philip Bond	Wharton	Zell Center Bag Lunch: Debt restructuring and voting rules
Sep 29	James Weston	Rice	Can Managers Forecast Aggregate Bond Market Returns? (with Alexander Butler and Gustavo Grullon)
Oct 6	Christian Hellwig	UCLA	Coordination Failures and Asset Prices (with Arijit Mukherji, U Minn and Aleh Tsyvinski, UCLA & NBER)
Oct 8 12-1 pm	Ed Mills	NU	Zell Center Bag Lunch: Why do we have urban density controls?
Oct 13	Mark Seasholes	U California, Berkeley	Uninformed Trading and Asset Prices (with Sandro C. Andrade, UC Berkeley and Charles Chang, Cornell)
Oct 20	Amir Yaron	U Penn, Wharton	Future Prices in a Production Economy with Investment Constraints
Oct 27	Pierre-Olivier Gourinchas	U California, Berkeley	International Financial Adjustment (with Helene Rey, Princeton)
Oct 29	Yong Wang	Kellogg Finance	Job Market Talk: Consumption Risk and the Cost of Equity Capital (with Ravi Jagannathan)
Nov 3	Christopher Hennessy	U California Berkeley	Beyond Investment-Cash Flow Sensitivities: Using Indirect Inference to Estimate Costs of External Funds (with Toni Whited, U WI-Madison)
Nov 9 12-1 pm	Joseph Engelberg and Jared Williams	Kellogg Finance	Rationalizing Incremental Bidding in eBay Auctions (formerly titled "eBay's Proxy Bidding System: A License to Shill")
Nov 9	Lubomira Ivanova	Kellogg Finance	Job Market Talk: Sector Stock Picking Talent of Fund Managers: Does It Exist?
Nov 10	Yael Hochberg	Cornell	Who You Know Matters: Venture Capital Networks and Investment Performance (with Alexander Ljungqvist, NYU and Yang Lu, NYU)
Nov 15, 12-1:15 pm, Rm 430	Alexey Malakhov	Kellogg MEDS	Job Market Talk: The Role of Uninformed Buyers in Optimal IPO Mechanisms
Nov 17	Viral Acharya	LBS	Is Cash Negative Debt?-The Implications of Financial Constraints and Hedging Needs (with Heitor Almeida, NYU and Murillo Campello, U of I)
Dec 1	Francisco Perez-Gonzales	Columbia	The Impact of Acquiring Control on Productivity
Dec 2, 12-1 pm, Rm 4214	William McLean	NU, VP and Chief Investment Officer, Investments/Real Estate	Managing University Endowments

Date	Presenter	School	Paper Title
Spring 2004
Mar 31	Paul Willen	U Chicago GSB	Social Security and Unsecured Debt
April 7	Raj Chetty	U California, Berkeley	Consumption Commitments, Unemployment Durations, and Local Risk Aversion
April 14	Nick Barberis	U Chicago GSB	Individual Preferences, Monetary Gambles and the Equity Premium (with Ming Huang, Stanford and Richard Thaler, U Chicago)
April 21	Thomas Philippon	NYU Stern	Government Deficits and Interest Rates: A No-Arbitrage Structural VAR Approach (with Qiang Dai, NYU)
April 28	Yuliy Sannikov	Stanford GSB	A Principal-Agent Problem with Unobservable Cash Flows in Continuous Time (with Peter DeMarzo, Stanford)
May 5	S. Viswanathan	Duke	Endogenous Events and Long Run Returns (with Bin Wei, Duke)
May 12	Ravi Jagannathan	Kellogg	Assessing the Risk in Sample Minimum Risk Portfolios (with Gopal Basak, U Minn and Tongshu Ma, U Utah)
May 19	Luigi Zingales	U Chicago GSB	Corporate Governance and Taxation (with M. Desai and A. Dyck, Harvard)
May 26	Simon Johnson	MIT Sloan	Unbundling Institutions (with Daron Acemoglu, MIT)
June 2	Tan Wang	U British Columbia	A simple theory of asset pricing under model uncertainty (with Leonid Kogan)

Date	Presenter	School	Paper Title
Fall 2003
Sep 24	Jon Lewellen	MIT Sloan	The Conditional CAPM Does Not Explain Asset-Pricing Anomalies (w/ Nagel)
Oct 1	Michael Johannes	Columbia GSB	The Impact of Collateralization on Swap Rates (with Sundaresan)
Oct 8	Rene Stulz	Ohio State	Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave (with Moeller and Schlingemann)
Oct 15	Lasse Pedersen	NYU Stern	Predatory Trading (with Brunnermeier)
Oct 22	Xavier Gabaix	MIT	A Theory of Large Fluctuations in Stock Market Activity (with Gopikrishan, Plerou, and Stanley)
Oct 29	Stan Zin	Carnegie Mellon	Generalized Disappointment Aversion and Asset Prices (with Routledge)
Nov 5	Alexander Ljungqvist	NYU Stern	Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations (w/ Marston and Wilhelm)
Nov 12	Tuomo Vuolteenaho	Harvard	New Forecasts of the Equity Premium (with Christoper Polk and Sam Thompson)
Nov 19	Ilan Kremer	Stanford	Relative Wealth Concerns, Herding, and Bubble-like Price Dynamics (with Peter DeMarzo and Ron Kaniel)
Dec 3	Anna Pavlova	MIT Sloan	Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management (with Basak and Shapiro)