| Morning Session (7:30-9:15) |
Morning Session (7:30-9:15) |
Morning Session (7:30-9:15) |
| Corporate Finance |
Macro Finance |
Investments - Information |
| Session Chair: Wayne Ferson (USC) |
Session Chair: Milton Harris (Chicago) |
Session Chair: Elazar Berkovitch (IDC) |
Do Powerful Politicians Cause Corporate Downsizing?
Lauren Cohen (Harvard), Joshua Coval (Harvard), Chris Malloy (Harvard)
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Trading Frenzies and Their Impact on Real Investment
Itay Goldstein (Wharton), Emre Ozdenoren (London Business School), Kathy Yuan (London School of Econ)
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How are Shorts Informed? Short Sellers, News, and Information Processing
Joseph Engelberg (UNC Chapel Hill), Adam Reed (UNC Chapel Hill), Matthew Riggenberg (UNC Chapel Hill)
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| Discussant: Chester Spatt (Carnegie-Mellon) |
Discussant: Anjan Thakor (Washington University) |
Discussant: Robert Whitelaw (NYU) |
Did Subjectivity Play a Role in CDO Credit Ratings?
John Griffin (Univ of Texas Austin), Dragon Tang (University of Hong Kong)
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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
Jack Favilukis (LSE), Sydney Ludvigson (NYU), Stijn Van Nieuwerburgh (NYU)
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How Much Do Investors Care About Macroeconomic Risk? Evidence From Scheduled Economic Announcements
Pavel Savor (Wharton), Mungo Wilson (Said Business School - Oxford)
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| Discussant: Evgeny Lyandres (Boston University) |
Discussant: Amir Yaron (Wharton) |
Discussant: Charles Jones (Columbia) |
| Afternoon Session (5:45-7:30) |
Afternoon Session (5:45-7:30) |
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| Investments - Performance |
Behavioral Finance |
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| Session Chair: Art Raviv (Northwestern) |
Session Chair: Kenneth Singleton (Stanford) |
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Nature or Nurture: What Determines Investor Behavior?
Amir Barena (Claremont McKenna College), Henrik Cronqvist (Claremont McKenna College), Stephan Siegel (Univ of Washington)
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Can psychological aggregation manipulations affect portfolio risk-taking? Evidence from a framed field experiment.
John Beshears (NBER), James Choi (Yale), David Laibson (Harvard), Brigitte Madrian (Harvard)
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| Discussant: Camelia Kuhnen (Northwestern) |
Discussant: Peter Bossaerts (Cal Tech) |
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Performance of institutional trading desks: An analysis of persistence in trading costs
Amber Anand (Syracuse Univ), Paul Irvine (Univ of Georgia), Andy Puckett (Univ of Tennessee), Kumar Venkataraman (Southern Methodist Univ)
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Do Smart Investors Outperform Dumb Investors?
Mark Grinblatt (UCLA), Juhani Linnainmaa (Univ of Chicago), Matti Keloharju (Helsinki School of Econ)
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| Discussant: Ekkaert Boehmer (University of Oregon) |
Discussant: Gideon Saar (Cornell) |
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February 3rd (Wed)