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.

Spring 2018

    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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