Guest Seminar 2010-2019

Browse the archives below to find information and working papers from past guest seminars hosted by the department of finance.

09/07/2018	Emil Verner, MIT "Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis"
09/14/2018	Sheridan Titman, University of Texas "Urban Vibrancy and Firm Value Creation"
09/21/2018	Andrea Eisfeldt, UCLA "Human Capitalists"
09/28/2018	Leonid Kogan, MIT "Technological Innovation and the Distribution of Labor Income Growth"
10/19/2018	Gilles Chemla, Imperial College "Equilibrium Counterfactuals: Counterfactuals: Joint Estimation and Control in Structural Models"
11/30/2018	Jaroslav Borovicka, NYU "Risk Premia and Unemployment Fluctuations"
01/25/2019	Elisabeth Kempf, Harvard Busines School "Partisan Professionals: Evidence from Credit Rating Analysts"
02/08/2019	Adrien Verdelhan, MIT "The Term Structure of Currency Carry Trade Risk Premia"
02/15/2019	Jonathan Zinman, Dartmouth College "We are all behavioral, more or less: Measuring and using consumer-level behavioral sufficient statistics"
02/22/2019	Victoria Ivashina, Harvard Business School "Weak Credit Covenants"
03/01/2019	Andres Liberman "Evidence from Consumer Credit Markets"
03/08/2019	Antony DeFusco, University of Wisconsin-Madison "Regulating Household Leverage"
03/29/2019	Nick Bloom, Stanford University "What Triggers Stock Market Jumps?"
04/05/2019	Carolin Pflueger, University of Chicago "Macroeconomic Drivers of Bond and Equity Risks"
04/19/2019	Adofo De Motta, McGill University "Risk-Taking and Coordination Failures"
04/26/2019	Jonathan Berk, Stanford University "Regulation of Charlatans in High-Skill Professions"

09/07/2017	Martin Schmalz, University of Michigan "Why) do central banks care about their profits?"
09/22/2017	Jianjun Miao, Boston University " Asset Bubbles and Monetary Policy"
09/29/2017	Nina Boyarchenko, Federal Reserve Bank of New York "Taking Orders and Taking Notes: Dealer Information Sharing in Financial Markets"
11/03/2017	Ron Kaniel, University of Rochester "Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts"
11/17/2017	Giorgia Piacentino, Columbia University "Money Runs"
03/23/2018	Urban Jermann, University of Pennsylvania "Negative Swap Spreads and Limited Arbitrage"
03/30/2018	Toni Whited, University of Michigan "Information Distortion, R&D, and Growth"
04/06/2018	Owen Zidar, Princeton University "Who Profits from Patents? Rent-sharing at Innovative Firms"
04/13/2018	Ramana Nanda, Harvard "House Money and Entrepreneurship"
04/20/2018	Kelly Shue, Yale "Leverage-Induced Fire Sales and Stock Market Crashes"

09/16/2016	Xiaoyun Yu, Indiana "Transporting Transparency: Director Foreign Experience and Corporate Information Environment"
10/07/2016	Nobu Kiyotaki, Princeton "The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities"
11/11/2016	Ohad Kadan, Washington Estimating the Value of Information
11/18/2016	Nicolas Crouzet, Northwestern "Default, Debt Maturity and Investment Dynamics"
12/09/2016	David Sraer, Berkeley "Aggregating Well-Identified Estimates of Capital Constraints"
03/10/2017	David Yermack, NYU "Ambiguity and The Trade-Off Theory of Capital Structure"
03/31/2017	Stijn Van Nieuwerburgh, NYU "A Macroeconomic Model with Financially Constrained Producers and Intermediaries"
04/07/2017	Brent Neiman, Chicago "Unpacking Global Capital Flows: A Micro-Data Approach to Macro Facts"
04/14/2017	Manuel Adelino, Duke "Are Lemons Sold First? Dynamic Signaling in the Mortgage Market"
04/28/2017	Stefano Giglio, Chicago "Inference on Risk Premia in the Presence of Omitted Factors"
05/05/2017	Lorenzo Garlappi, UBC "The Carry Trade and Uncovered Interest Parity when Markets are Incomplete"

09/18/2015	Edward Prescott, Arizona State University "Equilibrium with Mutual Organizations in Adverse Selection Economies"
10/02/2015	Christopher Polk, London School of Economics "A Tug of War: Overnight Versus Intraday Expected Returns"
10/09/2015	Seth Pruitt, Arizona State University "Estimating Market Risk Factors Incorporating Stock Characteristics"
10/16/2015	Joan Farre-Mensa, Harvard Business School "The Bright Side of Patents"
11/20/2015	Sriya Anbil, Federal Reserve "Managing Stigma During a Financial Crisis"
12/11/2015	Marcus Opp, University of California Berkeley "Macroprudential Bank Capital Regulation in a Competitive Financial System"
12/18/2015	Gian Luca Clementi, New York University, Stern School of Business "Investment and The Cross–Section of Equity Returns"
03/25/2016	Itay Goldstein, University of Pennsylvania "Commodity Financialization: Risk Sharing and Price Discovery in Commodity Futures Markets"
04/01/2016	Paige Ouimet, University of North Carolina "Going Entrepreneurial? IPOs and New Firm Creation"
04/08/2016	Dimitri Vayanos, London School of Economics and Political Science "Asset Management Contracts and Equilibrium Prices"
04/22/2016	Philipp Schnabl, New York University "Asset Price Dynamics in Partially Segmented Markets"
05/06/2016	Hanno Lustig, Stanford "National Income Accounting When Firms Insure Workers"

9/5/2014	Annette Vissing-Jorgensesn, University of California, Berkeley "Stock Returns over the FOMC Cycle"
9/12/2014	Geoffrey Tate, University of North Carolina – Chapel Hill Do Credit Analysts Matter? The Effect of Analysts on Ratings, Prices, and Corporate Decisions"
9/26/2014	Lucian Taylor, Wharton, University of Pennsylvania "Intangible Capital and the Investment-q Relation"
10/3/2014	Howard Kung, London Business School "Government Maturity Structure Shocks"
10/10/2014	Tyler Muir, Yale "Financial Crises and Risk Premia"
10/17/2014	Jonathan Karpoff, University of Washington "The Value of Foreign Bribery to Bribe Paying Firms"
10/31/2014	Liyan Yang, Rotman School of Management, University of Toronto "Good Disclosure, Bad Disclosure"
11/7/2014	Shmuel Baruch, The University of Utah "Fleeting Orders"
11/14/2014	Barney Hartman-Glaser, University of California, Los Angeles "Dynamic Agency and Real Options"
11/21/2014	Bill Wilhelm, University of Virginia "Investment-Banking Relationships: 1933-2007"
3/27/2015	Andrew Ang, Columbia University "Estimating Private Equity Returns from Limited Partner Cash Flows"
4/3/2015	Adriano Rampini, Duke University "Household Risk Management"
4/17/2015	Guillermo Ordonez, University of Pennsylvania "Debt Crises: For Whom the Bells Tolls"
5/1/2015	Lukas Schmid, Duke University "Competition, Markups, and Predictable Returns"

9/6/13	Yuri Tserlukevich, Arizona State University Idiosyncratic Cash Flows and Systematic Risk
9/13/13	Utpal Bhattacharya, Kelley School of Business, Indiana University The Dark Side of ETFs and Index Funds
9/20/13	Dean Corbae, Wisconsin School of Business, University of Wisconsin Capital Requirements in a Quantitative Model of Banking Industry Dynamics
9/27/13	Bryan Kelly, Booth School of Business, University of Chicago "Firm Volatility in Granular Networks"
10/10/13	Matteo Maggiori, Stern School of Business, NYU
11/15/13	Vito Gala, London School of Business "Measuring Marginal q"
11/22/13	Alexander Gorbenko, London School of Business "Means of Payment and Timing of Mergers and Acquisitions in a Dynamic Economy"
12/4/13	Peter DeMarzo, Stanford Business School "Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives"
12/13/13	Adair Morse, Booth School of Business, University of Chicago "Lawyers in the Executive Suite: The Value of Gatekeepers as Internal Governance"
3/28/14	Michael Roberts, Wharton School of Business, University of Pennsylvania "How Does Government Debt Affect Corporate Financial and Investment Policies?"
4/4/14	Mark Leary, Olin Business School, Washington University in St. Louis "Do Investors Value Dividend Smoothing Stocks Differently?"
4/18/14	Neng Wang, Columbia Business School "Investment, Liquidity, and Financing under Uncertainty"
4/25/14	Igor Makarov, London Business School "Arbitrage Trading with Marking-to-market and Price Impact"
5/2/14	Harrison Hong, Princeton "Count Models of Social Networks in Finance"

9/14/12	Avri Ravid, Yeshiva University "Intellectual Property Contracts: Theory and Evidence from Screenplay Sales"
9/21/12	Mike Weisbach, Ohio State "Financing-Motivated Acquisitions"
10/05/12	Hamid Mohtadi, University of Wisconsin "Does Transparency Reduce Financial Volatility?"
10/12/12	Rui Albuquerque, Boston University "Understanding the Equity-premium and Correlation Puzzles"
10/19/12	David Frankel, Iowa State "Securitization and Banking Competition"
11/16/12	Paolo Pasquariello, University of Michigan "Financial Market Dislocations"
11/30/12	Carola Frydman, Boston University "Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907"
1/11/13	Michael Gofman, University of Wisconsin-Madison "Efficiency and Stability of a Financial Architecture with Too Interconnected To Fail Institutions"
3/08/13	Konstantin Milbradt, Massachusetts Institute of Technology
3/29/13	Vincenzo Quadrini, University of Southern California
4/10/13	Kai Li, University of British Columbia
4/12/13	Ian Martin, Stanford
4/19/13	Charlie Hadlock, Michigan State
4/26/13	Kent Daniel, Columbia University
5/3/13	Jeff Brown, University of Illinois

9/9/11	Paola Sapienza, Northwestern University "Time Varying Risk Aversion"
9/16/11	Andrew Hertzberg, Columbia University "Exponentia Individuals, Hyperbolic Households"
9/23/11	David Backus, NYU "Sources of Entropy in Representative Agent Models"
11/17/11	Raman Uppal, London Business School "Asset Prices in General Equilibrium with Transactions Costs and Recursive Utility"
12/2/11	Arthur Korteweg, Stanford University "Structural Models of Capital Structure: A Framework for Model Evaluation and Testing"
12/9/11	Sergei Davidenko, Rotman "A Market-Based Study of the Cost of Default"
1/20/12	Andrey Malenko, MIT "Optimal Design of Internal Capital Markets"
2/10/12	Lars Lochstoer, Columbia "Parameter Learning in General Equilibrium: The Asset Pricing Implications"
2/24/12	Simon Gervais, Duke University "The Industrial Organization of Money Management"
3/2/12	Annamaria Lusardi, Dartmouth University "Financial Literacy Around the World"
3/23/12	Radha Gopalan, Washington University "The Optimal Duration of Executive Compensation: Theory and Evidence"
3/30/12	Stefan Nagel, Stanford University "Sizing Up Repo"
4/20/12	Ross Levine, Brown University "Does Entrepreneurship Pay?"

9/10/10	Ivo Welch "Why I do not Understand Capital Structure Research"
9/17/10	Jeffrey Wurgler "The Effect of Reference Point Prices on Mergers and Acquisitions"
10/1/10	Richmond Mathews "Doing Battle with Short Sellers: The Role of Blockholders in Bear Raids"
11/12/10	Scott Joslin "Rare Disasters and Risk Sharing with Heterogeneous Beliefs"
11/19/10	Daniel Paravisini "Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data"
12/10/10	Viral Acharya, NYU "A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk"
2/16/11	Florian Heider "Risk-sharing or risk-taking? Hedging, margins and incentives"
2/25/11	Han Ozsoylev "Asset Pricing in Large Information Networks"
4/8/11	Effi Bemelech "The Adjustment of Labor and Capital to Financial Constraints"
4/15/11	Bruce Carlin "Competition and Transparency in Financial Markets"
4/22/11	Ralph Koijen "Equity Yields"
5/6/11	Phillip Illeditsch "Beliefs about Inflation and the Term Structure of Interest Rates"

10/9/09	Sumit Agarwal, Federal Reserve Bank of Chicago Do Financial Counseling Mandates Improve Mortgage Choice and Performance? Evidence from a Legislative Experiment
10/9/09	Murray Carlson, University of British Columbia "SEO Risk Dynamics"
10/16/09	Paul Vaaler, Carlson School of Management "Legal System and Rule of Law Effects on US Cross-Listing to Bond by Emerging Market Firms"
10/30/09	Nicolae Gârleanu, University of California, Berkeley "Margin-Based Asset Pricing and Deviations from the Law of One Price"
11/13/09	Sergey Tsyplakov, The University of South Carolina
11/20/09	Mikhail Chernov, London Business School "Disasters Implied by Equity Index Options"
12/4/09	Terrance Odean, University of California, Berkeley "Once Burned, Twice Shy: How Pride and Regret Affect the Repurchase of Stocks Previously Sold"
12/11/09	Henrik Cronqvist, Claremont McKenna College "Nature or Nurture: What Determines Investor Behavior?"
3/26/10	Ravi Bansal, Duke University "Temperature, Aggregate Risk, and Expected Returns"
4/2/10	Tom Noe, University of Oxford "Shareholder Democracy and its Discontents: Outrage, Captured Boards, and the Veil of Ignorance"
4/9/10	Gustavo Manso, MIT "Macroeconomic Risk and Debt Overhang"
4/16/10	Wei Xiong, Princeton University "Financing Speculative Booms"
4/30/10	Patrick Bolton, Columbia "A Unified Theory of Tobin’s q, Corporate Investment, Financing, and Risk Management"