19th Annual Conference
February 5-7 2009

February 4th (Wed)
Open House Welcome, 6-9:30 p.m.
Reception and Buffet Dinner
Location: Home of Avner and Sarina Kalay

February 5th (Thu)
February 6th (Fri)
February 7th (Sat)
Morning Session (7:30-9:15)
Morning Session (7:30-9:15)
Morning Session (7:30-9:15)
Optimal Contracting
Asset Pricing I
Asset Pricing II-Effects of Relative Wealth
Session Chair: Karin Thorburn (Dartmouth)
Session Chair: Christopher James (Florida)
Session Chair: Aris Protopapadakis (USC)
Dynamic Compensation Contracts with Private Savings
Zhiguo He (Chicago)
Whats Vol Got to Do with It
Itamar Drechsler (Wharton) and Amir Yaron (Wharton)
Relative Wealth Concerns and Complementarities in Information Acquisition
Diego Garcia (UNC) and Günter Strobl (UNC)
Discussant: Andrzaj Skrzypacz (Stanford)
Discussant: Lu Zhang (Michigan)
Discussant: Ron Kaniel (Duke)
Stochastic House Appreciation and Optimal Mortgage Lending
Tomasz Piskorski (Columbia) and Alexei Tchistyi (Berkeley)
Coordination in the Presence of Asset Markets
Shimon Kogan (Texas),Anthony Kwasnica (Penn State) and Roberto Weber (Carnegie Mellon)
The Effect of Relative Wealth Concerns on the Cross-section of Stock Returns
Juan Pedro Gomez (IE Business School),Richard Priestley (BI Norwegian School of Mgt) and Fernando Zapatero (USC)
Discussant: Chester Spatt (Carnegie Mellon)
Discussant: Kerry Back (Texas A&M)
Discussant: John Heaton (Chicago)

Afternoon Session (5:45-7:30)
Afternoon Session (5:45-7:30)
 
Performance Evaluation
Corporate Finance
 
Session Chair: Eduardo Schwartz (UCLA)
Session Chair: David Feldman (Univ Of New South Wales)
 
Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation
Martijn Cremers (Yale), Antti Petajisto (Yale) and Eric Zitzewitz (Dartmouth)
Managerial Ability and Executive Compensation
John R. Graham (Duke), Si Li (Wilfrid Laurier) and Jiaping Qiu (McMaster)
 
Discussant: Wayne Ferson (USC)
Discussant: Jonathan Berk (Stanford)
 
The Information Content of Revealed Beliefs in Portfolio Holdings
Tyler Shumway (Michigan), Maciej B. Szefler (Michigan) and Kathy Yuan (London School of Economics)
The Inverse Relationship Between Bargaining Power and Industry Dependence in Mergers
Kenneth R. Ahern (Michigan)
 
Discussant: Mark Grinblatt (UCLA)
Discussant: Ralph Walkling (Drexel)
 

Dinner 8:00 p.m.
 
Closing Reception (7:00)
Location: The Metropolitan
 
Location: La Caille
February 5th (Thu)
February 6th (Fri)
February 7th (Sat)