Brown Bags 2009-2019

Date

Speaker(s) and Topic
9/5/2018Kaushalendra Kishore
9/12/2018Jincheng Tong 
9/19/2018Wei Zhang 
9/26/2018

Yuchen Chen

"The age dynamics of misallocation"


Christos Kamaras

"Haircut vs Bailout on Unsustainable Debt"


Alexandre Pecora

"Financial Frictions, News Shocks and Business Fluctuations"

10/3/2018

Keer Yang

 "Does Finance Flow to High Productivity Firms?"

Ramin Hassan

"Why Does the Relation Between Investment and Asset Prices Vary Over Time?"

10/10/2018

Dan Su

"Matthew Effect and the Lucas Puzzle"

10/17/2018

Xuelin Li

"Secret Scouting"

10/31/2018

Martin Szydlowski

"Leaks and Takeovers"

11/28/2018

Chao Ying

"Heterogeneous Beliefs and the FOMC Announcements"

12/5/2018

Fangyuan Yu

"Disclosure and Equity Crowdfunding"

12/12/2018

Yao Deng

"Extrapolative Expectation, Financial Frictions, and Credit Cycles"

3/6/2019

Jacelly Cespedes

"More Cash Flows, More Options? The Effect of Cash Windfalls on Small Firms"

3/27/2019Alex Pecora, Xuelin Li, and Christos Kamaras 
4/3/2019Fangyuan Yu, Yuchen Chen, Yao Deng, and Keer Yang 
4/10/2019Ramin Hassan, Dan Su, and Chao Ying 
5/8/2019

Tracy Wang More

"Cash Flows, More Options? The Effect of Cash Windfalls on Small Firms"

Date

Speaker(s) and Topic
09/06/2017Wei Zhang
09/13/2017Ali Sanati
09/20/2017Kaushalendra Kishore
09/27/2017Ding Luo
10/11/2017Dan Su, Ramin Hassan
10/18/2017Keer Yang
10/25/2017Fangyuan Yu
11/01/2017Yao Deng
11/08/2017Chao Ying
11/15/2017Jincheng Tong
11/29/2017Erik Loualiche
12/06/2017Martin Szydlowski
03/07/2018Bob Goldstein
03/21/2018Colin Ward
3/28/2018PhD Students' Presentations
04/04/2018PhD Students' Presentations
04/11/2018Juliana Salomao
04/18/2018Frederico Belo 
04/25/2018Tracy Wang
05/02/2018Yao Deng

Date

Speaker(s) and Topic
9/7/2016

John Pokorny

"Nominal frictions, leverage, and investment"

9/14/2016

Chao Ying

"Aggregation in Economies with Homogeneous Decision Rules"

Fangyuan Yu

"Adverse selection and asset sales"

9/21/2016

Tracy Wang

"Skilled Labor Risk and Corporate Policies" 

9/28/2016

Yue Qiu 

"Debt Structure as a Strategic Bargaining Tool" 

10/5/2016

Ali Sanati

"Mobility of Skilled Labor and Capital Structure" 

10/12/2016

Jincheng Tong

"Dynamic-Agency Based Asset Pricing in a Production Economy" 

10/19/2016

Yao Deng

"Industry Competition, Profitability and Stock Returns" 

10/26/2016

Xuelin Li

"A Race of Unicorns" 

11/2/2016

Martin Szydlowski

"The Market for Conflicted Advice" 

11/9/2016

Murray Frank

"The Effect of Taxation on Corporate Financing and Investment" 

11/16/2016

Ding Luo

"Capital Heterogeneity and Return Predictability" 

11/30/2016

Wei Zhang

"Credit Supply and the Choice between Cash and Lines of Credit" 

12/7/2016

Richard Thakor

"The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis" 

12/14/2016

Hengjie Ai

"Moral Hazard and Investment-cash-flow sensitivity, with Rui Li (University of Massachusetts) and Kai Li (HKUST)"

4/12/2017

Frederico Belo

"Decomposing Firm Value"

4/19/2017

Kaushalendra Kishore

"Why can't CEOs foresee a financial crisis?"

5/3/2017

Ding Luo Capital

"Heterogeneity, Time-to-build, and Return Predictability"

Date

Speaker(s) and Topic
9/9/2015Andy Winton Cheating in China: Corporate Fraud and the Role of Financial Markets
9/16/2015Kaushalendra Kishore Correlated Debt, Information Acquisition and Financial Crisis
9/23/2015Mark Egan Recycling Bad Apples
9/30/2015Junyan Shen Capital Misallocation and Financial Market Friction: Some Evidence by User Cost of Capital
10/7/2015John Pokorny Nominal Frictions, Investment, and Leverage
10/14/15Jincheng Tong Government Investment and Asset Prices
10/21/2015Yue Qiu Labor Adjustment Cost and Corporate Hedging
11/4/2015Wei Zhang
11/11/2015Xuelin Li
11/18/2015Yao Deng
12/2/2015Ali Sanati
12/9/2015Briana Chang
12/16/2015Ding Luo
3/30/2016Yue Qiu
4/13/2016

Ding Luo

"Asset Pricing and Risk Sharing with Limited Enforcement and heterogeneous Preferences"

4/20/2016

Koushalendra Kishore

"Why do banks ignore the warnings?"

4/27/2016

Jincheng Tong

"Uninsurable Tail Risks, Operating Leverage and the Value Premium"

5/4/2016

Ali Sanati

"Rational Stock Market Catering"

Date

Speaker(s) and Topic
09/03/2014Andy Winton
09/10/2014Tracy Wang
09/17/2014Bob Goldstein
09/24/2014Amanda Heitz
10/01/2014Wie Zhang
10/08/2014Ali Sanati
10/15/2014Hongda
10/22/2014Ding Luo
11/05/2014Juliana Salomao
11/12/2014Junyan Shen
12/03/2014Wei Zhang
12/10/2014Kaushalendra Kishore
2/25/2015Murray Frank & Ali Sanati
3/4/2015Motohiro Yogo
3/11/2015Hengjie Ai
4/1/2015Yue Qiu
4/8/2015Jianfeng Yu
4/15/2015Ding Luo
4/22/2015John Pokorny
5/6/2015Wei Zhang

Date

Speaker(s) and Topic
9/4/13

Hengjie Ai

"A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment"

9/11/13

Jeremy Graveline

"Crash Risk in Currency Returns"

9/18/13

Tracy Wang

"CEO Investment Cycles"

9/25/13

John Pokorny

"Commodity returns and carry portfolios"

10/2/13

Amanda Heitz

"Efficient Contracting, Information Sharing, and Corporate Finance: An International Perspective"

10/9/13

Yue Qui

"CEO Compensation and Maturity of Debt Issues: Evidence From IRC 162(M)"

10/16/13

Ding Luo

"Short Arbitrage and Abnormal Return Asymmetry"

10/23/13Wei Zhang
10/30/13

Sangiago Bazdresch

"Out of Sample Prediction tests for a Structural Model of Investment and Financing"

11/6/13

Motohiro Yogo

"Shadow Insurance"

11/13/13

Kee Seon Nam

"Uncertainty about Management and Information Asymmetry"

11/20/13

Murray Frank

"Equilibrium Corporate Capital Structure"

12/2/13

Junyan Shen Capital

"Misallocation and Financial Intermediary"

12/11/13

Hongda Zhong

"Thoughts on Optimal Debt Maturity, Number of Creditors and Seniority Structure under Rollover Risk"
 

2/26/14

Ashraf Al Zaman

"Cash holdings and technological development: Evidence from IT-mediated improvement in inventory management"

3/5/14

Jianfeng Yu

"Short- and Long-Run Business Conditions and Expected Returns"

3/12/14John Pokorny
3/26/14Hongda Zhong
4/2/14Martin Szydlowski
4/9/14Kee Seon Nam
4/16/14Junyan Shen
4/23/14Raj Singh
4/30/14Frederico Belo
5/7/14Rajesh Aggarwal

Date

Speaker(s) and Topic
9/5/12

Huijun Wang

"The Role of Exploration and Exploitation in Diseconomies of Scale in the Mutual Fund Industry"

9/19/12

John Pokorny

"Do Agents Equate Marginal Utility Growth Over the Assets They Can Trade?"

9/26/12

Tao Shen

"Credit Spreads and Investment Opportunities"

10/10/12

Hongda Zhong

"Dynamic Trade with Asymmetric Information and Market Timing"

10/17/12

Junyan Shen

"Efficiency or Sentiment, discussion on the role of mutual fund flow"

10/24/12

Hengjie Ai

"Corporate Finance Frictions and Expected Return on Equity: An Irrelevance Result"

10/31/12

Jianfeng Yu

"Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle"

11/7/12

Kee Seon Nam

"National Culture and Innovation: A Cross-Country Empirical Investigation"

11/14/12

Sergiy Dubynskiy

"Technological Diversification and Asset Prices"

11/28/12

Frederico Belo

"Labor heterogeneity and asset prices: the importance of skilled labor"

12/5/12Doriana Ruffino
12/12/12Amanda Heitz
2/20/13Tracy Wang
2/27/13Huihua Li
3/6/13Jeremy Graveline
3/13/13Amanda Heitz
3/27/13Murray Frank
4/3/13Junyan Shen
4/10/13Kai Li (UBC)
4/17/13Sergiy Dubynskiy
4/24/13Hongda Zhong
5/1/13Gordon Alexander
5/8/13Bob Goldstein

Date

Speaker(s) and Topic
9/7/11

Bob Goldstein

"Dividend Dynamics"

9/14/11

Tao Shen

"A Dynamic Learning Model of Takeovers"

9/21/11

Andrew Winton

"Lender Moral Hazard and Reputation in Originate-to-Distribute Markets"

9/28/11

Amanda Heitz

"The Social Costs and Benefits of Too-Big-To-Fail Banks: A Bounding Exercise"

10/5/11

John Boyd

"What Made US Banks Susceptible to a Systemic Crisis?"

10/12/11

Daniil Osipov

"Does solvency regulation always reduce product market competition? Evidence from the EU life insurance industry"

10/19/11

Huijun Wang

"Precautious Exploration of Mutual Fund Investment"

10/26/11

Doriana Ruffino

"Estimating Return Parameters with Short Historical Data: The Case of U.S. Treasury Inflation-Protected Securities"

11/2/11

Jun Li

"Investment-specific shocks and momentum profits"

11/9/11

Santiago Bazdresch

"Product Differentiations and Stock Returns: Theory and evidence on Differentiations-Return Dynamics"

11/16/11

Sergey Dubynskiy

"Investment and Stock Returns Correlation Puzzle"

11/30/11

Hongda Zhong

"Higher Incentives Lead to Lower Effort? Optimal Contracting with Heterogeneous Altruistic Agents"

12/7/11

Jeremy Graveline

"Exchange Rate Dynamics and International Risk Sharing"

12/14/11

Junyan Shen

"Investor Sentiment and the Economic Forces"

1/18/12

Philip Bond

"The Effect of Government Guarantees without Risk-Shifting"

1/25/12

Murray Frank

"Investment and the Weighted Average Cost of Capital. How Good is the Standard Model?"

2/1/12

Stephen Parente

"Micro-Simulation of Early Health Savings Account Adoption and Policy Proposals"

2/8/12

Raj Aggarwal

"Internal Capital Markets and Unrelated Acquisitions"

2/15/12

Tracy Wang

"First Year in Office: How Do New CEOs Create Value?"

2/22/12

Jianfeng Yu

"Extrapolative Expectation and Asset Pricing Puzzles"

2/29/12

Huijun Wang

"Does Effort Matter? A Study on Persistence in Mutual Fund Performance"

3/7/12

Amanda Heitz

"Blockholder Preference on Governance: Insights from VC-Backed IPOs"

3/21/12

Tao Shen

"Credit Spreads and Investment: Aggregate and Firm-Level Evidence"

3/28/12

Moto Yogo

"Insurance Regulation and Policy Firesales"

4/4/12

Sergiy Dubynskiy

"Learning-by-Doing and Asset Prices"

4/11/12

Raj Singh

"Effect of Non-Tradability on Risk Aversion"

4/18/12Santiago Bazdresch
4/25/12

Gordon Alexander

"How Informed Are Predictive and Reactive Short Sellers around Earnings Announcements?"

Date

Speaker(s) and Topic
8/4/10

Jianfeng Yu

"Investor Sentiment and Anomalies"

9/29/10Fan Yang
10/6/10Daniil Osipov
10/8/10

Philip Bond

"Bankers and Regulators"

10/13/10Tao Shen Huijun Wang
10/22/10

Jeremy Graveline

"The Cost of Short-Selling Liquid Securities"

10/27/10Sergiy Dubynskiy and Jun Li
11/10/10

Pedram Nezafat

"Corporate Capital Structure Variation over Time: Capital Market Driven or Investment Driven?"

11/17/10

Xiaoji Lin, London School of Economics

"Micro Frictions, Asset Pricing and Aggregate Implications"

12/15/10

Tracy Wang

"Competition and Corporate Fraud Waves"

1/28/11

Motohiro Yogo, Federal Reserve Bank of Minneapolis

"Health Data"

3/4/11Santiago Bazdresch
3/25/11Tao Shen and Huijun Wang
4/1/11Jun Li and Sergiy Dubynskiy
4/6/11

Amanda Heitz

"Estimating Bounds on the Present Discounted Value of Economics of Scale in Large Banks"

Hongda Zhong

"Continuous Time Agency Problem"

4/13/11Santiago Bazdresch
5/11/11

Murray Frank

"Bank Loan Search"

Date

Speaker(s) and Topic

9/3/09

Huijun Wang

"Predictability of Excess Returns on Foreign Currency Portfolios and Foreign Equity Portfolios"

Tao Shen

"Replication and Extension: Investment and Value, A Neoclassical Benchmark"

9/9/09

Yihui Pan

"The Determinants and Impact of Executive-Firm Matches"

9/16/09

Tracy Wang

"Tolerance for Failure and Corporate Innovation"

9/23/09

Xiaoyun Yu

"Information From Relationship Lending: Evidence from Loan Defaults in China"

9/30/09

Frederico Belo

"A Labor-Augmented Investment-Based Asset Pricing Model"

10/28/09

Jianfeng Yu

"Psychological Anchors, Underreaction, Overreaction, and Asset Prices"

11/11/09

Jun Li

"Investment-based Asset Pricing"

Daniil Osipov

"Literature Review on Partial Adjustment Toward Target Capital Structures""

12/2/09

Fan Yang

"Literature Review of Commodity Pricing"

Pedram Nezafat

"Literature Review of Asset Prices and Business Cycles""

12/9/09

Frederico Belo

"Is Investment in Public Capital Good News for the Stock Market?"

12/16/09

Jianfeng Yu

"A Sentiment-Based Explanation of Forward Premium Puzzle"

3/2/10

Tao Shen and Huijun Wang

Literature Review

3/10/10

Murray Frank and Pedram Nezafat

"Credit Market Timing"

3/22/10

Doriana Ruffino

"Robust Mean-Variance Portfolio Analysis"

5/11/10

Xiaoyun Yu

"Do Financial intermediaries During IPOs Affect Long-Term Firm Mortality Rates?"

5/19/10

Pedram Nezafat

"High-Frequency Capital Structure Decisions: Theory and Empirical Test"

5/26/10

Fan Yang

"A Production-Based Model on the Cross- Section Predictability of Commodity Futures Returns"

6/4/10

Yihui Pan

"The Determinants and Impact of Executive-Firm Matches"

6/11/10

Daniil Osipov

"Trade-off and Pecking Order Theories of Capital Structure: The Case of the UK Insurance Industry"

6/19/10

Raj Aggarwal

"An Empirical Investigation of Internal Governance"