Utah Winter Finance Conference






Webcasts



2017 UWFC Webcasts

2017 Welcome and Kickoff by Avner Kalay - Click Here To Watch



The Market for Financial Adviser Misconduct
Mark Egan (Minnesota), Gregor Matvos (Chicago), Amit Seru (Stanford)
Presentation

Discussion

Corporate Culture: Evidence from the Field
Jillian Popadak(Duke),Campbell Harvey(Duke) John Graham(Duke) Shivaram Rajgopal (Columbia)
Presentation

Discussion

Size Discovery
Darrell Duffie (Stanford), Haoxiang Zhu (MIT)
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Discussion 

           

A Dynamic Theory of Mutual Fund Runs and Liquidity Management
Yao Zeng (Washington)
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Discussion 
 

Risk Preferences and the Macro Announcement Premium
Hengjie Ai (Minnesota), Ravi Bansal (Duke)
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Discussion  
 

Harnessing the Wisdom of Crowds
Zhi Da (Notre Dame), Xing Huang (Michigan State)
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Discussion  


Embrace or Fear Uncertainty: Growth Options, Limited Risk Sharing, and Asset Prices
Winston Wei Dou (Wharton)
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Discussion  
            
     
The Finance-Uncertainty Multiplier
Ivan Alfaro (Ohio State), Nicholas Bloom (Stanford), Xiaoji Lin (Ohio State)
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Discussion
            
      
Asset-level Risk and Return in Real Estate Investments
Jacob Sagi (North Carolina)
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Discussion

           

Identifying the Benefits from Home Ownership
Paolo Sodini (Stockholm School of Econ), Stijn Van Nieuwerburgh (NYU), Roine Vestman 

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Discussion




2016 UWFC Webcasts



 The Invisible Hand of the Government: Moral Suasion During the European Debt Crisis
--Steven Ongena (Zurich), Alexander Popov (European Central Bank), Neeltie Van Horen (De Nederlandsche Bank)
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Discussion
 
 
 Information Sharing and Manipulation
-- Mariassunta Gianetti (Stockholm School of Economics), Jose Liberti (DePaul), Jason Sturgess (DuPaul)
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Discussion
 

 What Drives Price Dispersion and Market Fragmentation Across US Stock Exchanges?
-- Yong Chao (Louisville), Chen Yao (Warwick), Mao Ye (Illinois)
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Discussion
 

 Credit Spreads and the Severity of Financial Crises
-- Arvind Krishnamurthy (Stanford) and Tyler Muir (Yale)
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Discussion
 

 Relative Pay for Non-Relative Performance: Keeping Up with the Joneses with Optimal Contracts
-- Peter DeMarzo (Stanford) and Ron Kaniel (Rochester)

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Discussion
 

 Is Market Timing Good for Shareholders?
-- Ilona Babenko (ASU), Yuri Tserlukevich (ASU), Pengcheng Wan (ASU)

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Discussion
 

 Are Dividends and Stock Returns Predictable? New Evidence Using M&A Cash Flows
-- Riccardo Sabatucci (UCSD)

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Discussion


 Firm Selection and Corporate Cash Holdings
-- Juliane Begenau (Harvard) and Berardino Palazzo (Boston)

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Discussion


 Do Managers Do Good with Other People's Money?
-- Ing-Haw Cheng (Dartmouth), Harrison Hong (Princeton), Kelly Shue (Chicago)

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Discussion

 Influencing Control: Jawboning in Risk Arbitrage
-- Wei Jiang (Columbia), Tau Li (Warwick), Danqing Mei (Columbia)

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Discussion
 



2015 UWFC Webcasts



 Tick Size Constraints, High Frequency Trading, and Liquidity
--Chen Yao (Warwick) and Mao Ye (Illinois)
Presentation

Discussion
 
 
 The High-Frequency Trading Arms Race: Frequent Batch Auctions as a  Market Design Response
-- Eric Budish (Chicago), Peter Cramton (Maryland), and John Shim (Chicago)
 Presentation

Discussion

 Taxation and Dividend Policy: The Muting Effect of Diverse Ownership Structure
-- Martin Jacob (WHU), Roni Michaely (Cornell), and Annette Alstadsaeter (Oslo)
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Discussion

 Collateral, Taxes, and Leverage
-- Shaojin Li (Shanghai), Toni M. Whited (Rochester), and Yufeng Wu (Rochester)
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Discussion

 Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment
-- Steven Grenadier (Stanford), Andrey Malenko (MIT), and Nadya Malenko (Boston College)

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Discussion


 Asset Management Contracts and Equillibrium Prices
-- Andrea M. Buffa (Boston University), Dimitri Vayanos (LSE), and Paul Wooley (LSE)

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Discussion


 The Credit Puzzle - Myth or Reality?
-- Peter Feldhutter (LBS) and Stephen Schaefer (LBS)

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Discussion


 Gender Dynamics in Crowdfunding (Kickstarter): Evidence on Entrepreneurs, Investors, Deals and Taste Based Discrimination
-- Dam Marom (Hebrew), Alicia Robb (Berkeley), and Orly Sade (Hebrew)

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Discussion


 How Pervasive is Corporate Fraud?
-- Alexander Dyck (Toronto), Adair Morse (Berkeley), and Luigi Zingales (Chicago)

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Discussion

 Anti-Competitive Effects of Common Ownership
-- Jose Azar (Charles River), Martin Schmalz (Michigan) and Isabel Tecu (Charles River)

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Discussion




2014 UWFC Webcasts

 Keynote Speech from Nobel Prize Winner Lars Hansen
 Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes and Contagion
--Nicolae Garleanu (Berkeley), Stavros Panageas (Chicago), Jianfeng Yu (Minnesota)
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Discussion
 
 
Government Interventions in a Dynamic Market with Adverse Selection
-- William Fuchs (Berkeley) and Andrzej Skrzypacz (Stanford)
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Discussion
Fragility in Money Market Funds: Sponsor Support and Regulation
--Cecelia Parlatore Siritto (Wharton)
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Discussion
Loans On Sale: Credit Market Seasonality, Borrower Need, and Lender Rent Seeking
-- Justin Murfin (Yale) and Mitchell Petersen (Kellogg)
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Discussion
Measuring the "Dark Matter" in Asset Pricing Models
-- Hui Chen (MIT), Winston Wei Dou (MIT) and Leonid Kogan (MIT)

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Discussion
 
Commodity Trade and the Carry Trade: A Tale of Two Countries
-- Robert Ready (Rochester), Nikola Roussanov (Wharton) and Collin Ward (Wharton)

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Discussion

Design of Financial Securities: Emperical Evidence from Private Label RMBS Deals
-- Taylor Begley (Michigan) and Amiyatosh Purnanandam (Michigan)

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Discussion

Do Local Investors Know More? A Direct Examination of Local Investors Information Set
-- Robert Giannini (Bluecrest Capital Mgt), Paul Irvine (TCU) and Tao Shu (Georgia)

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Discussion

An Emperical (S,s) Model of Dynamic Capital Structure
-- Arthur Korteweg (Stanford) and Ilya A. Strebulaev (Stanford)

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Discussion

Are Stock-Financed Takeovers Opportunistic?
-- Espen Eckbo (Dartmouth), Tanakorn Makaew (So. Carolina) and Karin S. Thornburn (Norweigen School of Economics)

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Discussion




2013 UWFC Webcasts

Trust, Consumer Debt and Household Finance
--Dangling Jiang (FSU) and Sonya S. Lim (DePaul)
 Presentation

Discussion

The Cost of Financial Frictions for Life Insurers
-- Ralph Koijen (Chicago) and Motohiro Yogo (Minneapolis FED)
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Discussion
Learning Whether Other Traders are Informed
--Snehal Banerjee (Northwestern) and Brett Green (UC Berkeley)
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Discussion
No News is News: Do Markets Underreact to Nothing?
-- Stefano Giglio (Chicago and NBER) and Kelly Shue (Chicago)
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Discussion
Beyond Q: Estimating Investment Without Asset Prices
--Vito Gala (LBS) and Joao Gomes (Wharton)
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Discussion
As Certain As Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
-- Florian Heider (European Central Bank) and Alexander Ljungqvist (NYU and NBER)
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Discussion
Dynamic Risk Management
--Adriano Rampini (Duke), Amir Sufi (Chicago) and S. Viswanathan (Duke)
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Discussion
Financial Intermediaries and the Cross-Section of Asset Returns
-- Tyler Muir (Northwestern), Tobias Adrian (New York Fed) and Erkko Etula (Goldman Sachs)
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Discussion
Endogenous Liquididty and Defaultable Bonds
-- Zhiguo He (Chicago) and Konstantin Milbradt (MIT)
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Discussion
The Anatomy of a Credit Supply Shock: Evidence from an Internal Credit Market
-- Jose Liberti (DePaul) and Jason Sturgess (Georgetown)
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Discussion

2012 UWFC Webcasts

Pricing Model Performance and the Two-Pass Cross Sectional Regression Methodology
Authors: Raymond Kan (Toronto), Cesare Robotti (Fed Reserve /EDHEC), Jay Shanken (Emory)
 Presentation

Discussion
Investment Flexibility and Stock Returns
Authors: Dirk Hackbarth (Illinois at Urbana-Champaign) Timothy C. Johnson (Illinois at Urbana-Champaign)
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Discussion
Mutual Fund Families and Performance Evaluation
Authors: David Brown (Wisconsin-Madison) Youchang Wu (Wisconsin-Madison)
 Presentation

Discussion
The Design of Mortgage-Backed Securities and Servicer Contracts
Authors: Pegaret Pichler (Northeastern) Robert Mooradian (Northeastern)
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Discussion
Health and Mortality Delta: Assessing the Welfare Costs of Household Insurance Choice
Authors: Ralph Koijen(Chicago) Stijn Van Nieuwerburgh(NYU), Motohiro Yogo(Minneapolis FED)
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Discussion
Political Uncertainty and the Risk Premia
Authors: Lubos Pastor (Chicago), Pietro Veronesi (Chicago)
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Discussion
The Impact of Incentives and Communication Costs on Information Production: Evidence from Bank Lending
Authors: Jun Qian (Boston College), Philip Strahan (Boston College and NBER), Zhishu Yang (Tsinghua Univ)
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Discussion
The Risk-Taking Incentives of Money Market Funds
AUthors: Marcin Kacperczyk (NYU) Philipp Schnabl (NYU)
  Presentation

Discussion
Financing Investment with Long-Term Debt and Uncertainty Shocks
Authors: Michael Michaux (Univ of Southern California) Francois Gourio (Boston)
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Discussion
The evolution of capital structure and operating performance after leveraged buyouts: Evidence from U.S. corporate tax returns
Authors: Jonathan Cohn (UT Austin), Lillian Mills (UT Austin), Erin Towery (UT Austin)
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Discussion

2011 UWFC Webcasts

Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information across Rivals
BY: Jay Cai (Drexel), Moon H. Song (San Diego State), and Ralph Walkling (Drexel)
 Presentation

Discussion
Public information and IPO Underpricing
BY Einar Bakke, Tore Leite, and Karin Thorburn (all at Norwegian School)
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Discussion
The Demographics of Innovation and Asset Returns
BY Nicolae Garleanu (Berkeley) Leonid Kogan (MIT), and Stavros Panageas (Chicago)
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Discussion
Betting Against Beta
BY Andrea Frazzini (AQR) and Lasse Pedersen (NYU)
 Presentation

Discussion
Finding a Good Price in Opaque Over-the-Counter Markets
BY Haoxiang Zhu (Stanford)
 Presentation

Discussion
Cross-listing, Investment Sensitivity to Stock Price and the Learning Hypothesis
BY Thierry Foucault (HEC) and Laurent Fresard (HEC)
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Discussion
Information Content when Mutual Funds Deviate from Benchmarks
BY Hao Jiang , Marno Verbeek, and Yu Wang (all at Erasmus)
 Presentation

Discussion
Bad Advice: Explaining the Persistence of Whole Life Insurance
BY Santosh Anagol (Penn), Shawn Cole (Harvard ), and Shayak Sarkar (Harvard )
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Discussion
Is There Price Discovery in Equity Options?
BY Dmitriy Muravyev (Illinois), Neil Pearson (Illinois), and John Broussard (Rutgers)
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Discussion
Who Writes the News? Corporate Press Releases During Merger Negotiations
BY Kenneth R. Ahern (Michigan) and Denis Sosyura (Michigan)
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Discussion

2010 UWFC Webcasts

Do Powerful Politicians Cause Corporate Downsizing?
BY: Lauren Cohen (Harvard), Joshua Coval (Harvard), Chris Malloy (Harvard)
Entire Presentation

Discussion Only
Nature or Nurture: What Determines Investor Behavior?
BY Amir Barena (Claremont McKenna College), Henrik Cronqvist (Claremont McKenna College), Stephan Siegel (Univ of Washington)
 Entire Presentation

Discussion Only
Performance of institutional trading desks: An analysis of persistence in trading costs.
BY Amber Anand (Syracuse Univ), Paul Irvine (Univ of Georgia), Andy Puckett (Univ of Tennessee), Kumar Venkataraman (Southern Methodist Univ)
 Entire Presentation

Discussion Only
Trading Frenzies and Their Impact on Real Investment.
BY Itay Goldstein (Wharton), Emre Ozdenoren (London Business School), Kathy Yuan (London School of Econ)
Entire Presentation

Discussion Only
The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
BY Jack Favilukis (LSE), Sydney Ludvigson (NYU), Stijn Van Nieuwerburgh (NYU)
Entire Presentation

Discussion Only
Can psychological aggregation manipulations affect portfolio risk-taking? Evidence from a framed field experiment.
BY John Beshears (NBER), James Choi (Yale), David Laibson (Harvard), Brigitte Madrian (Harvard)
 Entire Presentation

Discussion Only
Do Smart Investors Outperform Dumb Investors?
BY Mark Grinblatt (UCLA), Juhani Linnainmaa (Univ of Chicago), Matti Keloharju (Helsinki School of Econ)
 Entire Presentation

Discussion Only
How are Shorts Informed? Short Sellers, News, and Information Processing.
BY Joseph Engelberg (UNC Chapel Hill),Adam Reed (UNC Chapel Hill), Matthew Riggenberg (UNC Chapel Hill)
 Entire Presentation

Discussion Only
How Much Do Investors Care About Macroeconomic Risk? Evidence From Scheduled Economic Announcements
BY Pavel Savor (Wharton), Mungo Wilson (Said Business School - Oxford)
 Entire Presentation

Discussion Only

 


  
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