Utah Winter Finance Conference






2019 Program
Opening Reception
When: Wednesday 6:00-9:00 pm, dinner served at 6:30 pm
Location: Golden Cliff/Eagles Nest


SESSION #1 (Thursday 7:30-9:15 am MST): Corporate Finance
Session Chair: TBA

Paper #1: Leverage Dynamics Without Commitment
            -- Peter Demarzo (Stanford) and Zhiguo He (Chicago)
Discussant: Adriano Rampini (Duke)

Paper #2:  Corporate Refinancing, Covenants, and the Agency Cost of Debt
            -- Daniel Green (Harvard)

Discussant: Michael Roberts (Wharton)

SESSION #2 (Thursday 5:45-7:30 pm MST): Banking
Session Chair:
TBA

Paper #1: Does Borrowing from Banks Cost More than Borrowing from the Market?
               --Michael Schwert (Wharton)
Discussant: Bo Becker (Stockholm School of Economics)

Paper #2: Leverage Regulation and Market Structure: An Empirical Model of the UK Mortgage Market
               -- Matteo Benetton (Berkeley)

Discussant: Asaf Manela (Washington University)

Dinner
When: Thursday 7:30-9:30 pm, dinner served at 8:00 pm
Location: Golden Cliff/Eagles Nest


SESSION #3 (Friday 7:30-9:15 am MST): Dividends
Session Chair: TBA

Paper #1: Cash Flow News and Stock Prices Dynamics
               -- Riccardo Sabbatucci (Stockholm School of Economics), Davide Pettenuzza (Brandeis University)
                   and Allan Timmermann (UCSD)
Discussant: Van Binsbergen (Wharton)

Paper #2: Monetary Pricing and Reaching for Income
              -- Kent Daniel (Columbia), Lorenzo Garlappi (UBC) and Kairong Xiao (Columbia)

Discussant: Malcolm P. Baker (Harvard)


SESSION #4 (Friday 5:45-7:30 pm MST): Computing Returns
Session Chair: TBA

Paper #1: How Risky is the US Corporate Sector?
              --Tetiana Davydiuk (Carnagie Mellon), Scott Richard (Wharton), Ivan Shaliastovich (Wisconsin-
                 Madison) and Amir Yaron (Wharton)

Discussant: Lochstoer Lars (UCLA)

Paper #2: Reconsidering Returns
           -- Samuel Hartzmark (Chicago) and David Solomon (Boston College)
Discussant: James Dow (LBS)

Dinner
When: Friday 7:30-9:30 pm, dinner served at 8:00 pm
Location: Golden Cliff/Eagles Nest


SESSION #5 (Saturday 7:30-9:15 am MST): Asset Pricing
Session Chair:
TBA

Paper #1: Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?
               -- Zhi Da (Notre Dame), Xing Huang (Washington University) and Lawrence Jin (CalTech)
Discussant: Burton Hollifield (Carnegie Mellon)

Paper #2: Initial Coin Offering and Platform Building
               -- Jiasun Li (George Mason University) and William Mann (UCLA)

Discussant: Itay Goldstein (Wharton)

Closing Dinner
When: Saturday 6:00 – 9:00 pm, Dinner served at 6:30 pm

Where: The Aerie


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