Department of
Finance, Insurance and Real Estate

Finance Seminar Series

All presentations will be held from 10:30am - 12:00pm in Gerson 228 unless otherwise noted. The Seminar Coordinator is Jay R. Ritter.

Fall 2014

  1. Sep 12
  2. Sep 19
  3. Sep 26
    Hongjun Yan, Yale School of Management
    “A Model of Anomaly Discovery”
  4. Oct 22
  5. Oct 31
  6. Nov 14
  7. Nov 21

Past Speakers

  • Nikolai Roussanov, Wharton University of Pennsylvania
    “Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty”
  • Denis Sosyura, University of Michigan
  • John Duca, Southern Methodist University/Federal Reserve Bank of Dallas
  • Yang Duan, University of Florida Visiting Scholar
  • Farid AitSahlia, University of Florida Visiting Assistant Professor
  • Mark Leary, Washington University in St. Louis Olin Business School
  • Ozde Oztekin, Florida International University
    “Political Uncertainty, Transaction Costs, and Leverage Adjustments: An International Perspective”
  • Joshua D. Rauh, Stanford Graduate School of Business
  • Daniel Sokol, University of Florida Levin College of Law
  • Chris Clifford, University of Kentucky
    “Discretionary liquidity: Hedge funds, side pockets, and gates”
  • Greg Nini, Wharton
    “What is Special about Bank Loans”
  • Evan Dudley, University of Florida
  • Sugata Ray, University of Florida
  • Jason H. Chen, Sauder School of Business
    “Do Cash Flows of Growth Stocks Really Grow Faster?”
  • Sugata Ray, University of Florida
  • Dan Bradley, University of South Florida
    “Does knowledge matter? Industry experience and analyst performance”
  • Leming Lin, University of Florida
    “Collateral and the choice between bank debt and public debt”
  • Pedro Matos, University of Virginia
    “The Mutual Fund Industry Worldwide: Explicit and Closet Indexing, Fees, and Performance”
  • Stace Sirmans, University of Florida
  • Dominique Badoer, University of Florida
  • Matthew Souther, University of Florida
  • Atanas Mihov, University of Florida
    “Cost Inflexibility and Capital Structure: Evidence from SOX Section 404”
  • Itzhak (Zahi) Ben-David, The Ohio State University
  • Jennie Bai, Federal Reserve Bank of New York
    “The CDS-Bond Basis During the Financial Crisis of 2007-2009”
  • David Brown, University of Florida
    “Discount Rates and Asset Returns: Implications for Endowment Strategies”
  • David Brown, University of Florida
    “Maturity Clienteles in the Municipal Bond Market: Term Premiums and the Muni Puzzle”
  • Sugata Ray, University of Florida
    “Institutional Investment in hedge funds: A first look”
  • Miles Livingston, University of Florida
    “The Value of a Third Opinion: Split Ratings, Information Opacity, and Fitch Ratings”
  • David Musto, Wharton, University of Pennsylvania
  • Jacob Sagi, Vanderbilt University
    “Estimating Oil Risk Factors Using Information from Equity and Futures Markets”
  • Darren Kisgen, Boston College
    “Do Credit Rating Agencies have the Power to Change Corporate Behavior?”
  • Wenlan Qian, National University of Singapore
    “Transaction Tax: The Double-edged Sword Effects on Price Stability”
  • Matt Billett, Indiana University
    “Do Investor Identity and Contract Terms Interact? Evidence from the Wealth Effects of Private Placements”
  • Farid AitSahlia, University of Florida
    “Are there critical levels of stochastic volatility for early option exercise”
  • Brian Gendreau, University of Florida
    “Credit spreads and liquidity in the Great Depression”
  • Ajay Subramanian, Georgia State
    “Banking Deregulation and Innovation”
  • Jongsub Lee, University of Florida
  • Amit Bubna, Indian School of Business
    “Venture Capital Communities”
  • Arthur Korteweg, Stanford
    “Private equity across the credit cycle: A cross-sectional approach”
  • Xavier Giroud, MIT
    “Capital and Labor Reallocation Inside Firms”
  • Sugata Ray, University of Florida
  • James Vickery, NYU and NY Fed
    “Securitization and the Fixed-Rate Mortgage”
  • Brian Gendreau, University of Florida
  • Sugata Ray, University of Florida
  • Farid AitSahlia, University of Florida
  • Evan Dudley, University of Florida
  • Jongsub Lee, University of Florida
  • Wayne Archer, University of Florida
  • Ginger Wu, University of Georgia
    “Do Anomalies Exist Ex Ante?”
  • Brian Gendreau, University of Florida
  • Ing-Haw Cheng, University of Michigan
    “Yesterday's Heroes: Compensation and Creative Risk-Taking”
  • Phil Strahan, Boston College
    “Are Issuer Size and Ratings Shopping 'Priced' in the Mortgage-backed Securities Market”
  • Andrew Karolyi, Cornell
    “The U.S. left behind: The rise of IPO activity around the world”
  • Kevin Tang, University of Florida
  • Joshua Rauh, Northwestern Univ.
    “Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments”
  • Heitor Almeida, University of Illinois
    “Aggregate Risk and the Choice between Cash and Lines of Credit”
  • Xiaoding Liu, University of Florida
  • Mark M. Westerfield, University of Southern California
    “Portfolio Choice with Illiquid Assets”
  • Evan Dudley, University of Florida
    “Hedge fund leverage and financial fragility” (with M. Nimalendran)
  • Michael Weisbach, The Ohio State University
    “Pay for Performance from Future Fund Flows: The Case of Private Equity”
  • Sugata Ray, University of Florida
    “Why do hedge funds change reported returns?” (with David Musto)
  • Mara Faccio, Purdue University
    “CEO gender, corporate risk-taking, and the efficiency of capital allocation”
  • Jongsub Lee, University of Florida
    “Birds of a Feather: Does political Alignment Between Top Management and the Board Weaken Internal Corporate Governance?”
  • Emir Hrnjic, National University of Singapore
    “Market-wide sentiment, firm-level sentiment, and IPO pricing process”
  • Stefan Nagel, Stanford University
    “Sizing Up Repo”
  • Margarita Tsoutsoura, Columbia University
    “The Effect of Succession Taxes on Family Firm Investment; Evidence from a Natural Experiment”
  • Yue Tang, Emory University
    “Business Connections and Informed Trading of Mutual Fund Managers”
  • Kasper Nielsen, Chinese University of Hong Kong
    “What Death Can Tell: Are Executives Paid for Their Contribution to Firm Values”
  • Jongsub Lee, New York University
    “Corporate Finance in Family Business Groups”
  • Roy Zuckerman, Yale
    “Synchronized Arbitrage and the Value of Public Announcements”
  • Yong Xiang Wang, Columbia University
    “Rent Seeking by mutual fund managers: Evidence from Equity Contract Renegotiations”
  • Abhiroop Mukherjee, Yale University
    “Equity Returns and the Fund Flow Sensitivity Premium”
  • Oguzhan Karakas, London Business School
    “Another Option for Determining the Value of Corporate Votes”
  • Sami Torstila, Helsinki School of Economics (visiting at UC-Berkeley)
    “Political Preferences and Stock Market Participation”
  • Markus Brunnermeier, Princeton
  • Lu Zhang, U of Michigan
    “Q-Theory with Curvature”
  • Jun Qian (QJ), Boston College
    “The Impact of Organizational and Incentive Structures on Soft Information: Evidence from Bank Lending”
  • Missaka N. Warusawitharana, Federal Reserve Board
    “Profitability and the Lifecycle of Firms”
  • Vikas Agarwal, Georgia State Univ.
    “Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide”
  • Martin Oehmke, Columbia Univ.
    “The Maturity Rat Race”
  • Jay Hartzell, Univ. of Texas Austin
    “On the Optimality of Shareholder Control: Evidence from the Dodd-Frank Financial Reform Act”
  • Xiaohui Gao, University of Hong Kong
    “Brokerage Commissions: Hidden Costs of Owning Mutual Funds”
  • Peter DeMarzo, Stanford
    “Dynamic Agency and the Theory of investment”
  • Ilona Babenko, Hong Kong University of Science & Technology
    “Adverse Selection and Stock-based Grants to Non-executive Employees”
  • Yuri Tserlukevich, Hong Kong University of Science & Technology
    “The Propensity to Save and Incentives to Reduce Debt”
  • Antonio Macias, Purdue University
    “Risk Pricing and Flexibility in Acquisitions: The Economic Impact of Material Adverse Change Clauses”
  • Breno Schmidt, U of Southern California
    “Costs and Benefits of 'Friendly' Boards During Mergers and Acquisitions”
  • Seoyoung Kim, Emory University
    “Earnings Management and Social Ties”
  • Sheng Huang, Washington University
    “CEO Characteristics, CEO-Firm Match and Corporate Refocus Value”
  • Yihui Wang, University of North Carolina
    “Does Credit Supply Drive the LBO Market?”
  • Sugata Ray, Wharton
    “Effort, Risk and Walkaway Under High Water Mark Contracts”
  • Jennifer Dlugosz, Harvard
    "What Lies Beneath: An Inside Look at CDO Collateral"
  • John Hund
  • Evan Dudley, University of Florida
  • Greg Kadlec, Virginia Tech
    "What Do Soft Dollars Buy? Performance, Expense Shifting, Agency Costs"
  • Yuhai Xuan, Harvard Business School
    “Under New Management: Equity Issues and the Attribution of Past Returns”
  • Cindy Alexander, US SEC
    “The Role of Advisory Services in Proxy Voting”
  • Evan Dudley, U of Florida
    “Hedge Fund Contagion and Funding Risk”
  • Victoria Ivashina, Harvard Business School
    “Bank Lending During the Financial Crisis of 2008”
  • Yael Hochberg, Northwestern
    “The Size and Specialization of Direct Investment Portfolios”
  • Alexander Barinov, U of Georgia
    “Turnover: Liquidity or Uncertainty?”
  • Jun Qian (QJ), Boston College
  • Sugata Ray, U of Florida
    “Match in the Dark: Understanding Crossing Network Liquidity”
  • Matthew Cain, Purdue University
    “The Information Content of Fairness Opinions in Negotiated Mergers”
  • Andrea Frazzini, Chicago - with Lauren Cohen and Christopher Malloy
    “The Small World of Investing: Board Connections and Mutual Fund Returns”
  • Zhi Li, Arizona State
    “Behavioral and rational explanations of stock price performance around SEOs: Evidence from a decomposition of market-to-book ratios”
  • Evan Dudley, Rochester
    “Intermittent investment and capital structure”
  • Jonathan Cohn, Michigan
    “Investment, Cash Flow and Financial Markets: Evidence from Tax Loss Carryforwards”
  • Ambrus Kecskes, University of Toronto
    “Why are firms that raise more financing worth more?”
  • Yu Yuan, Wharton
    “Attention and Trading”
  • Peter Iliev, Brown
    “The Effect of the Sarbanes-Oxley Art (Section 404)*”
  • Ran Duchin, USC
    “Cash Holdings and Corporate Diversification”
  • Ludovic Phalippou, Amsterdam
    “The Performance of LBO Investments”
  • Mark Carey, Board of Governors
    “The Bank as Grim Reaper: Debt Composition and Recoveries on Defaulted Debt”
  • Simon Gervais, Duke University
    “Overconfidence, Investment Policy, and Manager Welfare”
  • Malcolm Baker, Harvard
    “Catering Through Nominal Share Prices”
  • Mark Chen, Georgia State
    “Boardroom Brawls: An Empirical Analysis of Disputes Involving Directors”
  • Murray Frank, University of Minnesota
    “Profits and Capital Structure”
  • Alok Kumar, University of Texas at Austin
    “Superior Information or a Psychological Bias? A Unified Framework with Cognitive Abilities Resolves Three Puzzles”
  • Antoinette Schoar, MIT
    “The Importance of Holdup in Contracting: Evidence from a Field Experiment”
  • Alexander Butler, University of Texas at Dallas
    “Does access to external finance improve productivity? Evidence from a natural experiment”
  • Manju Puri, Duke
    “Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks”
  • Sorin Sorescu, Texas A&M
    “A Reexamination of Corporate Governance and Equity Prices”
  • Wei Jiang, Columbia University (visiting at Wharton)
    “Hedge Fund Activism, Corporate Governance, and Firm Performance”
  • Christian Andres, University of Florida and University of Bonn
    “Family Ownership, Financing Constraints and Investment Decisions”
  • Cem Demiroglu, University of Florida
    “The Information Content of Bank Loan Covenants”
  • Laura Starks, University of Texas
    “Headlines and Bottom Lines: Attention and Learning Effects from Media Coverage Mutual Funds”
  • Andriy Bodnaruk, Maastrict University
    “The Dark Role of Investment Banks in the Market for Corporate Control”
  • Michael Roberts, Wharton University
    “Contingency and Renegotiation of Financial Contracts: Evidence from Private Credit Agreements”
  • Kewei Hou, Ohio State
    “Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns”
  • Mitch Warachka, Singapore Management University
    “Return Predictability of Analyst Forecasts”
  • Danling Jiang, Florida State
    “Short-Sale Constraints and the Non-January Idiosyncratic Volatility Puzzle”
  • Ayako Yasuda, Wharton
    “Are Stars' Opinions Worth More? The Relation between Analyst Reputation and Recommendation Values”
  • Andrea Eisfeldt, Northwestern University
    “Financing Shortfalls and the Value of Aggregate Liquidity”
  • Clara Vega, University of Rochester
    “Asymmetric Information in the Stock Market: Economic News and Co-movement”
  • Carola Schenone, University of Virginia
    “Lending Relationships and Information Rents”
  • Katrina Ellis, UC-Davis
    “Capital Gaines Taxes and IPO Returns”
  • Gordon Phillips, University of Maryland & NBER
    “Why Do Public Firms Issue Public and Private Securities?”
  • Yonghen Deng, Southern California Real Estate Group
  • Mitch Petersen, Kellogg
  • Allen Poteshm, Illinois
    “Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?”
  • Michael Boldin
  • Steve Sharpe, Federal Reserve Board of Governors
  • Miles Livingston, University of Florida
    “Mutual Funds Costs
  • Dan Bergstresser, Harvard Business School
  • Armen Hovakimian, Baruch College
    “Are Observed Capital Structures Determined by Equity Market Timing?
  • Wayne Ferson, Boston College
    “The Timing Ability of Fixed Income Mutual Funds
  • Jonathan Lewellen, MIT
    “The Conditional CAPM Does Not Explain Asset-pricing Anomalies
  • Ozgur "Ozzie" Ince, University of Florida
    “The Partial Adjustment of IPO Offer Prices Is Not Due to Dynamic Information Acquisition”
  • Amir Sufi, University of Chicago
    “Banks and Flexibility: Empirical Evidence on the Mix of Equity, Bonds, and Bank Debt”
  • Chris James, University of Florida
    “Banks and Bubbles: How Good are Bankers at Spotting Winners”
  • Laura Starks, Univeristy of Texas
  • Hassan Naqvi, National University of Singapore
    “Banking Crises and the Lender of Last Resort: How Crucial Is the Role of Information?”
  • Kristine Watson Hankins, University of Florida
    “Empirical Evidence on Risk Management: M&A Activity and Derivatives Use”
  • Annette Vissing-Jorgensen, Northwestern's Kellogg School
    “Long-run Stockholder Consumption Risk and Asset Pricing”
  • Joao Santos, NY Federal Reserve
    “Bank Loans, Bonds, and Information Monopolies Across the Business Cycle”


College Info

Warrington College of Business Administration
100 BRY
PO Box 117150
Gainesville, FL 32611-7150
Phone: 352.392.2397
Fax: 352.392.2086

for Alumni & Friends


for Faculty & Staff

for Students

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