Department of
Finance, Insurance and Real Estate

Finance Seminar Series

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

Fall 2016

    Spring 2017

      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
              • Mengxin Zhao, University of Alberta
                “Equity Market Liberalization and Equity Issuance”
              • Jon A. Garfinkel, University of Iowa
                “The Role of Financial Intermediaries in the Transmission of Peer-to-Peer Financial Policies”
              • Hongjun Yan, Yale School of Management
                “A Model of Anomaly Discovery”
              • Philip Valta, University of Geneva
                “Debt Renegotiation and Investment Decisions Across Countries”
              • Tomislav Ladika, University of Amsterdam
                “Managerial Short Termism and Investment: Evidence from Accelerated Option Vesting”
              • Julian Atanassov, University of Oregon
                “Corporate income taxes, financial constraints and innovation”
              • Russell Jame, University of Kentucky
                “Executive Extraversion: Career and Firm Outcomes”
              • 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
              BRY 100
              PO Box 117150
              Gainesville, FL 32611-7150
              Phone: 352.392.2397
              Fax: 352.392.2086

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