Department of
Finance, Insurance and Real Estate

Finance Seminar Series

All presentations will be held from 10:30am - 12:00pm in Gerson 229 unless otherwise noted. The Seminar Coordinator is Jay R. Ritter.

Fall 2015

    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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