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 2017

    Past Speakers

      Summer Brown Bag Session
                  • 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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