Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

 
Session Overview
Date: Tuesday, 28/May/2019
1:30pm
-
3:15pm
2.1: Monetary Policy and Credit Markets
Location: Room 101
Chair: Mitchell Berlin, FRB Philadelphia
 

Mortgage Prepayments and Path Dependent Effects of Monetary Policy

Fabrice Tourre1, Joseph Vavra2, Konstantin Milbradt3, David Berger3

1: Copenhagen Business School; 2: University of Chicago; 3: Northwestern University



Inspecting the Mechanism of Quantitative Easing in the Euro Area

Francois Koulischer1, Ralph Koijen2, Motohiro Yogo3, Benoit Nguyen4

1: Université du Luxembourg, Luxembourg School of Finance; 2: Chicago Booth Business School; 3: Princeton University; 4: Banque de France



The Real Effects of Fed Intervention: Revisiting the 1920-1921 Depression

William Mann, Bruce Carlin

UCLA Anderson School of Management, United States of America

1.6: Hedge Funds
Location: Room 102
Chair: Burton Hollified, Carnegie Mellon University
 

Prime Broker Exposures, Collateral, and Resilience in Hedge Fund Credit Networks

Mathias S Kruttli2,4, Phillip J Monin3, Sumudu W Watugala1,4

1: Cornell University, United States of America; 2: Federal Reserve Board of Governors; 3: Office of Financial Research, US Department of the Treasury; 4: Oxford-Man Institute of Quantitative Finance, University of Oxford



Unobserved Performance of Hedge Funds

Vikas Agarwal2, Stefan Ruenzi3, Florian Weigert1

1: University of St. Gallen, Switzerland; 2: Georgia State University; 3: University of Mannheim



Skin or Skim? Inside Investment and Hedge Fund Performance

Kunal Sachdeva1, Arpit Gupta2

1: Rice University, United States of America; 2: New York University, United States of America

1.5: Credit Supply 1
Location: Room 103
Chair: John Sedunov, Villanova University
 

Handling Spillover Effects in Empirical Research: An Application using Credit Supply Shocks

Tobias Berg1, Daniel Streitz2

1: Frankfurt School of Finance and Management, Germany; 2: Copenhagen Business School



The Capitalization of Consumer Financing into Durable Goods Prices

Bronson Argyle1, Taylor Nadauld1, Christopher Palmer2, Ryan Pratt1

1: Brigham Young University, United States of America; 2: MIT Sloan



Why Do Banks Target ROE?

George G Pennacchi1, Joao AC Santos2

1: University of Illinois, United States of America; 2: Federal Reserve Bank of New York and Nova School of Business and Economics

2.2: Corporate Governance 1
Location: Room 104
Chair: INDRANEEL CHAKRABORTY, University of Miami
 

Outraged by Compensation: Implications for Public Pension Performance

Paulo Martins Manoel, Adair Morse, Alexander Dyck

Haas School of Business, University of California Berkeley, United States of America



Coordinated Engagements

Elroy Dimson1, Oğuzhan Karakaş1, Xi Li2

1: Cambridge Judge Business School, United Kingdom; 2: London School of Economics and Political Science



Management (Of) Proposals

Ilona Babenko2, Goeun Choi2, Rik S Sen1

1: UNSW, Australia; 2: Arizona State University

2.3: Generating and Interpreting Information
Location: Room 105
Chair: Kristine Hankins, University of Kentucky
 

Textual Factors: A Scalable, Interpretable, and Data-driven Approach to Analyzing Unstructured Information

Lin Cong, Tengyuan Liang, Xiao Zhang

The University of Chicago, United States of America



Information Monopolies and Monetary Policy Pass-through

Charles O'Donnell1,3, Fergal McCann2

1: European Central Bank, Germany; 2: Central Bank of Ireland; 3: Aix-Marseille School of Economics



Operational Risk is More Systemic than You Think: Evidence from U.S. Bank Holding Companies

Atanas Mihov1, Allen Berger2, Filippo Curti1, John Sedunov3

1: Federal Reserve Bank of Richmond, United States of America; 2: University of South Carolina, United States of America; 3: Villanova University, United States of America

1.7: Asset Pricing 1
Location: Room 106
Chair: Noah Stoffman, Indiana University
 

Limits to Arbitrage in Markets with Stochastic Settlement Latency

Nikolaus Hautsch1,3, Christoph Scheuch1,2, Stefan Voigt1,2

1: Vienna Graduate School of Finance; 2: Vienna University of Economics and Business; 3: University of Vienna



Funding Constraints and Informational Efficiency

Naveen Gondhi, John Kuong, Sergei Glebkin

INSEAD, France



Insider Trading Under the Microscope

Andriy Shkilko

Wilfrid Laurier University, Canada

8.3: PhD session 1
Location: Room 100
Chair: Simon Gervais, Duke University
Discussant: Yufeng Wu, University of Illinois, Urbana-Champaign
Discussant: Merih Sevilir, Indiana University
Discussant: Stijn Van Nieuwerburgh, Columbia University Graduate School of Business

Product Market Strategy and Corporate Policies

Jakub Hajda

Université de Lausanne

Discussant: Yufeng Wu (University of Illinois)

The Race of Unicorns: A Signaling Story of Private Acquisitions

Xuelin Li

University of Minnesota

Discussant: Merih Sevilir (Indiana University)

Breaking the Feedback Loop: Macroprudential Regulation of Banks' Sovereign Exposures

Jorge Abad

CEMFI

Discussant: Stijn Van Nieuwerburgh (Columbia University)

3:15pm
-
3:30pm
Coffee Break
3:30pm
-
5:45pm
1.1: Fintech 1: Fintech, ICOs and Digital Currencies
Location: Room 101
Chair: Zhiguo He, University of Chicago
 

Initial Coin Offerings and Platform Building

Jiasun Li1, William Mann2

1: George Mason University; 2: UCLA Anderson School of Management



Digital Currency Runs

David Skeie

Texas A&M University, United States of America



FinTech Isn’t So Different from Traditional Banking: Trading off Aggregation of Soft Information for Transaction Processing Efficiency

Stephen G. Ryan, Chenqi Zhu

New York University, United States of America



The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings

Jongsub Lee1, Tao Li2, Donghwa Shin3

1: Seoul National University, Korea, Republic of (South Korea); 2: University of Florida; 3: Princeton University

5.5: Regulation 1: Bank Regulation and Central Banks
Location: Room 102
Chair: Mark Jeffrey Flannery, University of Florida
 

Leverage Regulation and Market Structure: An Empirical Model Of The UK Mortgage Market

Matteo Benetton

Berkeley, United States of America



Central Bank Communication and the Yield Curve

Matteo Leombroni1, Andrea Vedolin2, Gyuri Venter3, Paul Whelan3

1: Stanford University; 2: Boston University; 3: Copenhagen Business School, Denmark



Supply of Private Safe Assets: Interplay of Shadow and Traditional Banks

Stefan Gissler, Borghan Nezami Narajabad

Federal Reserve Board of Governors, United States of America



Discount Window Stigma and the Term Auction Facility

Yunzhi Hu1, Hanzhe Zhang2

1: UNC Chapel Hill, United States of America; 2: Michigan State University

1.3: Financial Access and Inclusion
Location: Room 103
Chair: Manuel Adelino, Duke University
 

Financial Access Under the Microscope

Sumit Agarwal1, Thomas Kigabo2, Camelia Minoiu3, Andrea Presbitero4, Andre Silva3

1: National University of Singapore, Singapore; 2: National Bank of Rwanda, Rwanda; 3: Federal Reserve Board, USA; 4: International Monetary Fund, USA



The Local Effects of Foreclosure

Christos Andreas Makridis1, Michael Ohlrogge2

1: MIT Sloan, United States of America; 2: Stanford University



Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman's Savings Bank

Luke Stein1, Constantine Yannelis2

1: Arizona State University, United States of America; 2: University of Chicago, United States of America



Disaster Lending: “Fair” Prices, but “Unfair” Access

Taylor Begley1, Umit Gurun2, Amiyatosh Purnanandam3, Daniel Weagley4

1: Washington University, St. Louis; 2: UT Dallas; 3: University of Michigan; 4: Georgia Institute of Technology, United States of America

1.2: Collateral : Theory and Evidence
Location: Room 104
Chair: Arnoud Boot, university of amsterdam
 

Repo Collateral and Counterparty Risks: Theory and Evidence

Li-Ting Chiu1, Sheen Liu2, Chunchi Wu1

1: SUNY-BUFFALO, United States of America; 2: Washington State University



Collateral and Asymmetric Information in Lending Markets

Vasso Ioannidou1, Nicola Pavanini2, Yushi Peng3

1: Lancaster University, United Kingdom; 2: Tilburg University, The Netherlands; 3: University of Zürich, Switzerland



Conflicting Priorities: A Theory of Covenants and Collateral

Jason Roderick Donaldson1, Denis Gromb2, Giorgia Piacentino3

1: Washington University in St Louis; 2: HEC Paris; 3: Columbia University, United States of America



Asset Encumbrance and Bank Risk: Theory and First Evidence from Public Disclosures in Europe

Albert Banal-Estanol1, Enrique Benito2, Dmitry Khametshin3, Jianxing Wei4

1: Universitat Pompeu Fabra, Spain; 2: City University of London, UK; 3: Banco de España, Spain; 4: University of International Business and Economics

6.1: Politics, Crime and Economics
Location: Room 105
Chair: alexander dyck, University of Toronto
 

Do Political Boundaries affect Firm Boundaries?

Matthew Denes1, Florian Schulz2, Vikrant Vig3

1: Carnegie Mellon University; 2: University of Washington; 3: London Business School



Executives in Politics

Ilona Babenko1, Viktar Fedaseyeu2, Song Zhang3

1: Arizona State University, United States of America; 2: Bocconi University; 3: Boston College



Organized Crime and Firms: Evidence from Italy

Pablo Slutzky1, Stefan Zeume2

1: University of Maryland, United States of America; 2: University of Michigan, United States of America



Who Benefits from the Decline of American Manufacturing? Evidence from 142,663 Foreign and Domestic Entries in China

Minwen Li3, Tanakorn Makaew2, Vojislav Maksimovic1

1: University of Maryland; 2: SEC, United States of America; 3: Tsinghua University

1.4: Asset Pricing 2
Location: Room 106
Chair: Lorenzo Bretscher, London Business School Finance Department
 

Foreseen Risks

Joao Gomes, Marco Grotteria, Jessica Wachter

The Wharton School, United States of America



Market Power and Price Informativeness

Marcin Kacperczyk1, Jaromir Nosal2, Savitar Sundaresan1

1: Imperial College London; 2: Boston College, United States of America



News Shocks and Asset Prices

Aytek Malkhozov1, Lorenzo Bretscher2, Andrea Tamoni3

1: Federal Reserve Board, United States of America; 2: LBS; 3: LSE



The Maturity Premium

Maria Chaderina1,2, Patrick Weiss2, Josef Zechner1,2

1: WU Vienna, Austria; 2: VGSF

8.4: PhD session 2
Location: Room 100
Chair: Mariassunta Giannetti, Stockholm School of Economics
Discussant: Chotibhak Jotikasthira, SMU - Cox School of Business
Discussant: Lin Cong, The University of Chicago
Discussant: Daniel Paravisini, London School of Economics

Why Do Institutional Investors Oppose Shareholder Activism? Evidence from Voting in Proxy Contests

Yanran Liu

University of Pittsburgh

Discussant: Chotibhak Jotikasthira (SMU - Cox School of Business)

The Value of Privacy: Evidence from Online Borrowers

Huan Tang

HEC Paris

Discussant: Lin William Cong (University of Chicago)

Women's Inheritance Rights and Entrepreneurship Gender Gap

Lakshmi Naaraayanan

HKUST

Discussant: Daniel Paravisini (London School of Economics)

6:15pm
-
8:00pm
Reception, Harbor Ballroom and Lawn (Sponsored by the Journal of Financial Intermediation)

 
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