Seminar Schedule

• Spring 2018

  3/21/2018 Professor Rüdiger Fahlenbrach
  Ecole Polytechnique Fédérale de Lausanne
  "Capital gains taxation and inefficient block ownership"

  3/28/2018   Professor Mike Schwert
  The Ohio State University
  "Is Borrowing from Banks More Expensive than Borrowing from the Market?"

  4/4/2018    Dr. Florian Heider
  European Central Bank
  "Margin Calls, Fire Sales, and Information Constrained Optimality"

  4/9/2018 Professor Stephen Karolyi
  Carnegie Mellon University
  "The Credit Channel of Fiscal Policy Transmission"

  4/20/2018    Professor Darrell Duffie
  Stanford University
  "Augmenting Markets with Mechanisms"

  4/27/2018    Professor Zhi Da
  University of Notre Dame
  "Demand for Information and Asset Pricing"

  5/2/2018    Dr. Antonio Falato
  Federal Reserve Board
  "Fire-Sales Spillovers in Debt Markets"

  6/1/2018     Professor Léa H. Stern
  University of Washington
  "Selecting Directors Using Machine Learning"

• Autumn 2017

  8/23/2017    Yoon Kang Lee
  The Ohio State University
  "Corporate Bond ETF Inceptions and Liquidity of the Underlying Bonds"

  8/30/17 Professor Lu Zhang
  The Ohio State University
  "The Economics of Value Investing”

  9/1/2017    Professor Lukas Schmid
  Duke University
  "Levered Ideas: Risk Premia along the Credit Cycle"

  9/7/2017    Professor Charles Lee
  Stanford University
  "Salient or Safe: Why do Predicted Stock Issuers Earn Low Returns"

  9/22/2017    Professor Ralph Koijen
  New York University
  "The Fragility of Market Risk Insurance"

  10/11/2017    Professor Benjamin Bennett
  The Ohio State University
  "Does the Stock Market Make Firms more Productive?"

  10/18//2017    Professor Baolian Wang
  Fordham University
  "Ranking and Salience"

  10/20/2017    Professor Robert Richmond
  New York University
  "Gravity in FX R-Squared: Understanding the Factor Structure in Exchange Rates"

  10/25/2017    Professor Itzhak Ben-David
  The Ohio State University
  "Financial Constraints and Industry Dynamics"

  10/27/2017    Professor Elisabeth Kempf
  University of Chicago
  "The Job Rating Game: The Effects of Revolving Doors on Analyst Incentives"

  10/30/2017    Mr. Guy Rolnik
  University of Chicago
  "Fake news and the political economy of the News Media"

  11/3/2017    Professor Zhiguo He
  University of Chicago
  "Leverage-Induced Fire Sales and Stock Market Crashes"

  11/8/2017    Professor Ye Li
  The Ohio State University
  TBA

  11/15/2017    Mike Dong
  The Ohio State University
  "Global Anomalies"

  12/1/2017    Professor Stephan Siegel
  University of Washington
  "The Human Touch in a Fintech World: Personal Communication and Loan Repayment"

  12/13/2017    Professor Justin Birru
  The Ohio State University
  "Capital Market Anomalies and Quantitative Research"

• Spring 2017

  3/1/2017    Professor Michael Schwert
  The Ohio State University
  "The Economics of PIPE Investing"

  3/15/17    Professor René M. Stulz
  The Ohio State University
  “Is post-crisis bond liquidity lower? Evidence from stress events “

  3/31-4/1/2017  Alumni Conference

  4/5/2017    Professor Itzhak Ben-David
  The Ohio State University
  “Impulsive Consumption and Financial Wellbeing: Evidence from an Increase in the Availability of Alcohol”

  4/12/2017   Professor Holger Mueller
  New York University
  "Firms’ Internal Networks and Local Economic Shocks"

  4/28/17   Professor Charles Calomiris
  Columbia University
  "How News and Its Context Drive Risk and Returns Around the World"

  5/3/17   Andrei Gonçalves
  The Ohio State University
  "Can Reinvestment Risk Explain the Dividend and Bond Term Structures?"

  5/8/17   Andrea Rossi
  The Ohio State University
  "Do Private Equity Partnership Face Decreasing Returns to Scale?"

  5/17/17  Professor Lu Zhang (11:30-12:30pm)
  The Ohio State University
  "Replicating Anomalies"

  5/17/17  Professor Michael Weisbach (12:30-1:30pm)
  The Ohio State University
  "How Production Risk and Flexibility Affect Liquidity Management: Evidence from Electricity Generating Firms"

• Autumn 2016

  8/29/2016    Iván Alfaro
  The Ohio State University
  “Production-Based Exchange Rates”

  8/31/2016    Hoonsuk Park
  The Ohio State University
  “Financial Fragility and Mortgage Delinquency”

  9/07/2016    Professor René Stulz
  The Ohio State University
  “Why does capital no longer flow more to the industries with the best growth opportunities?”

  9/09/2016    Professor Itay Goldstein
  University of Pennsylvania
  "Investor Flows and Fragility in Corporate Bond Funds"

  9/14/2016    Professor Zhi Li
  The Ohio State University
  "Accounting-based Compensation Plans and Corporate Debt Contracts"

  9/30/2016    Professor Stijn Van Nieuwerburgh
  New York University
  "A Macroeconomic Model with Financially Constrained Producers and Intermediaries"

  10/07/2016    Professor Dave Solomon
  University of Southern California
  "Rolling Mental Accounts"

  10/12/2016    Andrei Gonçalves
  The Ohio State University
  “Corporate Deleveraging”

  10/19/2016    Professor Zexi Wang
  University of Bern and Visiting Scholar at The Ohio State University
  "Short sellers, institutional investors, and corporate cash holdings”

  10/26/2016   Professor Isil Erel
  The Ohio State University
  "Multinational Firms and The International Transmission of Financial Crises: The Real Economy Channel"

  10/28/2016    Professor Daniel Carvalho
  University of Southern California
  "The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity".

  11/2/2016    Professor Thien Nguyen
  The Ohio State University
  “Government Debt and the Returns to Innovation” 

  11/9/2016   Professor Steffen Hitzemann
  The Ohio State University
  “Macroeconomic Fluctuations, Oil Supply Shocks, and Equilibrium Oil Futures Prices"

  11/18/2016    Professor Qiping Xu
  University of Notre Dame
  "Kinky Tax Policy and Abnormal Investment Behavior"

  12/2/2016    Professor Christian Lundblad
  University of North Carolina at Chapel Hill
  "Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds"

  12/7/2016    Professor Xiaoji Lin
  The Ohio State University
  "The Finance-Uncertainty Multiplier"

• Summer 2016

  8/3/2016    Professor Michael Schwert
  The Ohio State University
  "Municipal Bond Liquidity and Default Risk"

  8/10/2016    Sehoon Kim
  The Ohio State University
  "Hedge Fund Activism and Internal Capital Markets"

• Spring 2016

  03/09/2016    Professor Zhi Li
  The Ohio State University
  "Outsiders in Family Firms: Contracting Environment and Incentive Design"

  03/23/2016    Professor Zhan Shi
  The Ohio State University
  "Understanding Term Permia on Real Bonds"

  03/25/2016    Professor Gary Gorton
  Yale University
  "Good Booms, Bad Booms"

  3/29/2016    Professor Mila Getmansky Sherman
  University Massachusetts, Amherst
  "Portfolio Similarity and Asset Liquidation in the Insurance Industry"

  04/06/2016   Professor Xue Wang
  The Ohio State University
  "An Examination of Whether and How Management of the Tax Function Influences the Careers of CFOs"

  04/13/2016    Professor Karen Wruck
  The Ohio State University
  "Relative Performance Evaluation and CEO Risk-Taking"

  04/15/2016    Professor Kent Daniel
  Columbia University
  "Liquidity and Return Reversals"

  04/20/2016    Professor John Gray
  The Ohio State University
  "Organizational Non-Compliance: A Study of FDA-Regulated Industries"

  04/22/2016    Professor Michael Faulkender
  University of Maryland
  "Understanding Precautionary Cash at Home and Abroad"

  04/27/2016    Shan Ge
  The Ohio State University
  “How Do Hurricanes Affect Life Insurance Premiums?”

  04/29/2016    Professor Jonathan Karpoff
  University of Washington
  "The Lifecycle of Firm Takeover Defenses"

  05/11/2016      Sehoon Kim
  The Ohio State University
  "Financial Flexibility and Product Prices: Evidence from a Natural Experiment in the Airline Industry"

  05/27/2016     Professor Michael Weisbach
  The Ohio State University
  "Measuring Institutional Investors’ Skill from Their Investments in Private Equity"

• Autumn 2015

  08/24/2015    Brian Baugh
  The Ohio State University
  "What Happens when Payday Borrowers are Cut Off from Payday Lending? A Natural Experiment"
   
  08/28/2015    Professor Rajkamal Iyer
  Massachusetts Institute of Technology
  "Financial Accelerator at Work: Evidence from Corn Fields"
   
  09/02/2015    Hang Bai
  The Ohio State University
  "Unemployment and Credit Risk"
   
  09/11/2015    Professor S.P. Kothari
  Massachusetts Institute of Technology
  "The Behavior of Aggregate Corporate Investment"
   
  09/18/2015    Professor Oguzhan Karakas
  Boston College
  "Staggered Boards and Private Benefits of Control"
   
  09/25/2015    Professor Tyler Muir
  Yale University
  "When is the price of risk high?"
   
  10/2/2015    Professor Shai Bernstein
  Stanford University
  "Asset Reallocation in Bankruptcy"
   
  10/7/2015    Professor Sergey Chernenko
  The Ohio State University
  "Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds"
   
  10/21/2015    Professor Itzhak Ben-David
  The Ohio State University
  "The Granular Nature of Large Institutional Investors"
   
  10/23/15    Professor Nick Barberis
  Yale University
  "Extrapolation and Bubbles"
   
  11/4/2015    Andrea Rossi
  The Ohio State University
  "Trading Skill: Evidence from Trader of Corporate Insiders in their Personal Portfolios."
   
  11/13/2015    Professor Jay Shanken
  Emory University
  "Comparing Asset Pricing Models"
   
  11/18/2015    Professor Michael Weisbach
  The Ohio State University
  “The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions”
   
  11/20/2015    Professor Jennifer Juergens
  Drexel University
  "Why Hire Your Rival? The Case of Bank Debt Underwriting"
   
  12/4/2015    Professor René M. Stulz
  The Ohio State University
  "The U.S. Listing Gap"
   
  12/9/2015    Professor Justin Birru
  The Ohio State University
  "Day of the Week and the Cross-Section of Returns"

• Spring 2015

  02/04/15    Professor Sergey Chernenko
  The Ohio State University
  "The Dark Side of Specialization: The Case of CDO Collateral Managers"
   
  03/06/15    Professor Kenneth Ahern
  University of Southern California
  "Information Networks: Evidence from Illegal Insider Trading Tips"
   
  03/27/15    Professor Jeff Wurgler
  New York University
  "The Risk Anomaly Tradeoff of Leverage"
   
  04/03/15    Professor Andrea Eisfeldt
  University of California- Los Angeles
  "Risk and Return in Segmented Markets with Expertise"
   
  04/8/15    Professor Stefano Giglio
  University of Chicago
  "The Price of Variance Risk"
   
  04/17/15    Professor Alp Simsek
  MIT
  "TBA"
   
  04/24/15    Professor Alexander Ljungqvist
  New York University
  "State Capitalism vs. Private Enterprise"
   
  04/29/15    Professor Demitri Vayanos
  London School of Economics
  "Liquidity Risk and the Dynamics of Arbitrage Capital"
   
  05/01/15    Professor Ravi Jagannathan
  Northwestern University
  "Stock Market Liquidity: Role of Short-term and Long-term Traders"
   
  05/06/15    Hang Bai
  The Ohio State University
  "TBA"

• Autumn 2014

  
  08/13/14    Sophia Longman
  The Ohio State University
   "TBA"
   
  09/03/14    Professor Mike Weisbach
  The Ohio State University
   “Does Uncertainty about Management affect Firms’ Costs of Borrowing? "
   

  09/05/14    Professor Neng Wang
  Columbia University
   "Corporate Finance and Risky Inalienable Human Capital: A Theory of Liquidity and Risk Management"
   

  09/10/14    Woo Hwa Koh
  The Ohio State University
   "The Impact of Uncertainty Shocks on the Cross-Section of Returns"
   

  09/19/14    Professor Vyacheslav Fos
  University of Illinois
   "Out-of-the-Money CEOs: How Do Proxy Contests Affect Insider Option Exercises"

  09/26/14    Professor Justin Murfin
  Yale University
   "Captive Finance and the Coase Conjecture"

  10/03/14    Professor Jarrad Harford
  University of Washington
   "Foreign Cash: Taxes, Internal Capital Markest and Agency Problems"

  10/08/14   Professor Lu Zhang
  The Ohio State University
   "A Duel of New Factors"
   

  10/10/14    Professor Amit Seru
  University of Chicago
   "Regional Redistribution through the U.S. Mortgage Market"
   

  10/22/14   Professor Itzhak Ben-David
  The Ohio State University
   "TBA"
   

  10/24/14    Professor Amir Yaron
  University of Pennsylvania
   "Good and Bad Uncertainty: Microeconomic and Financial Market Implications"
   

   11/12/14     Professor René M. Stulz
  The Ohio State University
   "Insider ownership and firm value: Predicting the past or the future?"
   

   11/20/14    Professor Veronica Guerrieri
  University of Chicago
   "Markets with Multidimensional Private Information"
   

   12/03/14    Francesco Consonni
  Bocconi University 
   "Mind the Gap: the Inflexibility Mechanism and Expected Equity Returns"
   

  12/05/14    Professor Vincent Glode
  University of Pennsylvania
   "Adverse Selection and Intermediation Chains"
   

   12/10/14     Professor Justin Birru
  The Ohio State University
   "TBA"
   
   

• Spring 2014

  03/7/14    Professor John Graham
  Duke University
  "A Century of Capital Structure: The Leveraging of Corporate America"

  03/21/14    Professor Russ Wermers
  University of Maryland
  "Institutional Trading around Corporate News: Evidence from Textual Analysis"

  03/28/14    Professor Christopher Parsons
  University of California - San Diego
  "Worrying about the stock market: Evidence from hospital admissions"

  04/4/14    Professor Max Croce
  University of North Carolina
  "BKK the EZ Way: An International Production Economy with Recursive Preferences"

  04/9/14    Professor Fousseni Chabi-Yo
  The Ohio State University
  "The Term Structures of Co-Entropy in International Financial Markets"

  04/18/14    Professor Gerard Hoberg
  University of Maryland
  "O shore Activities and Global Consumption Risk"

  04/25/14    Professor Mark Westerfield
  University of Washington
   "Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect"
   

• Autumn 2013

  08/21/13    Mark Carey
  Federal Reserve Board of Governors
  Risk Choices and Compensation Design

  09/18/13    Professor Jing Wang
  The Ohio State University
  Debt Covenant Design and Creditor Control Rights:Evidence from Covenant Restrictiveness and Loan Outcomes

  09/20/13    Professor Phil Strahan
  Boston College
  Exporting Liquidity: Branch Banking and Financial Integration

  09/25/13    Professor Mike Weisbach
  The Ohio State University
  CEO Investment Cycles

  09/27/13    Professor David Denis
  University of Pittsburgh
  Corporate Payout, Cash Retention, and the Supply of Credit: Evidence from the 2008-09 Credit Crisis

  10/4/13    Professor Mark Westerfield
  University of Washington
  Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition  Effect

  10/11/13    Professor Bruce Carlin
  University of California, Los Angeles
  Disagreement and Asset Prices

  10/18/13    Professor Viral Acharya
  New York University
  The "Greatest" Carry Trade Ever?  Understanding Eurozone Bank Risks

  10/23/13    Professor Kenneth Singleton
  Stanford University
  Risk Premiums in Dynamic Term Structure Models with Unspanned Macro Risks

  10/30/13    Rawley Heimer
  Federal Reserve Bank - Cleveland
  Leverage Constraints, Profitability, and Risk -Shifting: Evidence from the Introduction of Doss-Frank

  11/6/13    Professor Rene Stulz
  The Ohio State University
  Limited Managerial Attention and Corporate Aging

  11/13/13    Professor Michael Albert
  The Ohio State University
  Executive Compensation and Firm Leverage

  11/22/13    Professor Andrey Malenko
  Massachusetts Institute of Technology
  Auctions with Endogenous Initiation

  12/4/13    Professor David Scharfstein
  Harvard University
  Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates

  12/11/13   Professor Itzhak Ben-David
  The Ohio State University
  Banks’ Internal Capital Markets and Deposit Rates
   

• Spring 2013

  01/09/13    Professor Jan Jindra
  Menlo College and The Ohio State University
  "Crises, Liquidity Shocks, and Fire Sales at Hedge Funds"
   

  01/11/13    Marina Niessner
  University of Chicago
  "Strategic Disclosure Timing and Insider Trading"

  01/16/13    Alexander Chinco
  New York University
  "Trading on Coincidences"

  01/18/13    Benjamin Iverson
  Harvard University
  "Get in Line: Chapter 11 Restructuring in Crowded Bankruptcy Courts"

  01/25/13    Michael Hasler
  Swiss Finance Institute
  "Fluctuating Attention to News and Financial Contagion"

  01/30/13    Erik Gilje
  Boston College
  "TBA"
   

  02/01/13    Adam Clark-Joseph
  Harvard University
  "TBA"
   

  02/06/13    Jinfin Zhang
  Yale University
  "TBA"
   

  02/08/13    Erik Loualiche
  Northwestern University
  "TBA"
   

  02/22/13    Jean-Noel Barrot
  HEC Paris
  "TBA"
   

  03/01/13    Professor Harrison Hong
  Princeton University
  Speculative Betas

  03/20/13    Professor Berk Sensoy
  The Ohio State University
  "Limited Partner Performance and the Maturing of the Private Equity Industry"

  03/29/13    Professor Oguzhan Ozbas
  University of Southern California
  "Managerial Accomodation, Proxy Access, and the Cost of Shareholder Empowerment"

  04/03/13    Professor Asaf Manela
  Washington University in St. Louis
  "News Implied Volatility and Disaster Concerns"

  04/05/13    Professor Wei Xiong
  Princeton University
  "Is R² a Measure of Market Inefficiency?"

  04/24/13    Professor Michael Weisbach
  The Ohio State University
  "Learning about CEO ability and Stock Return Volatility"

  04/26/13    Professor Monika Piazzesi
  Stanford University
  "Banks' Risk Exposures"

  05/08/13    Fernando Duarte
  Federal Reserve Bank
  "Aggregate Investment and Stock Returns"

  05/10/13    Professor Jan Jindra
  Menlo College and The Ohio State University
  "CEO Compensation and the Sale of Private Firms"

  05/15/13    Professor Fousseni Chabi-Yo
  The Ohio State University
  "New Entropy Restrictions and the Quest for Better Specified Asset Pricing Models"

  05/24/13    Professor Berk Sensoy
  The Ohio State University
  "Indirect Incentives of Hedge Fund Managers"
   

• Autumn 2012

  8/01/12   Professor Scott Yonker
  Indiana University
  "The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolio Choice"
   

  8/08/12   Professor Jerome Taillard
  Boston College
  "Do Private Firms Invest Differently from Public Firms? Taking Cues from the Natural Gas Industry"
   

  9/05/12   Professor Philippe Mueller
  London School of Economics
  International Correlation Risk

  9/07/12   Professor Arthur Korteweg
  Stanford University
  An (S, s) Model of Capital Structure:Theory and Evidence

  9/21/12   Professor Urban Jermann
  University of Pennsylvania
  Interest Rate Swaps and Corporate Default

  9/26/12   Professor Jack Bao
  The Ohio State University
  "Comovement of Corporate Bonds and Equities"
   

  9/28/12    Professor Dong Lou
  London School of Economics
  Industry Window Dressing

  10/03/12    Professor Alvaro Taboada
  University of Tennessee, The Ohio State University 
  "The role of regulation in cross-border bank acquisitions: Is it really a ‘race to the bottom?"
   

   

  10/05/12    Professor Adrien Verdelhan
  MIT
  The Share of Systematic Variation in Bilateral Exchange Rates

  10/10/12    Professor Xiaoji Lin
  Ohio State University
  "Wage Rigidity: A Solution to Several Asset Pricing Puzzles"
   

  10/12/12    Professor Martijn Cremers
  University of Notre Dame
  Pension Fund Asset Allocation and Liability Discount Rates: Camouflage and Reckless Risk Taking by U.S. Public Plans?

  10/17/12    Professor Lu Zhang
  The Ohio State University
  "Digesting Anomalies: An Investment Approach"
   

  10/24/12    Professor René M. Stulz
  The Ohio State University
  "Acquisitions and CEO Conflicts of Interests: Is the Problem Greater when Private Equity Is Involved?"
   

  10/26/12    Professor John Griffin
  University of Texas, Austin
  "Complex Securities and Underwriter Reputation: Do Reputable Underwriters Produce Better Securities?"
   

  10/31/12    PhD. Students
  The Ohio State University
  TBA
   

  11/9/12    Professor Stefan Nagel
  Stanford University
  "Sizing Up Repo"

  11/28/12    Professor Roger Loh
  Singapore Management University
  "Have we solved the idiosyncratic volatility puzzle?"
   

  11/30/12    Professor Nancy Wallace
  University of California Berkeley
  Behavioral Factors in the Valuation of Employee Stock Options

  12/5/12    Andrew Chen, PhD Student
  The Ohio State University
  TBA
   

  12/12/12    Professor Dong Lee
  Korea University and The Ohio State University
  TBA
   
   

• Summer 2012

  
  7/2/2012    Natasha Burns
  University of Texas at San Antonio
  CEO Tournaments: A Cross-Country Analysis of Causes, Cultural Influences and Consequences
   

• Spring 2012

  3/28/12    Professor René M. Stulz
  The Ohio State University
  Do U.S. Firms Have Abnormally High Cash Holdings?
   

  4/6/12    Lars Lochstoer
  Columbia University
  Parameter Learning in General Equilibrium: The Asset Pricing Implications

  4/20/12    Morten Sorensen
  Columbia University
  Valuing Private Equity

  4/25/12    Sergey Chernenko
  The Ohio State University
  The Quiet Run of 2011: Money Market Funds and the European Debt Crisis

  4/27/12    Mitchell Petersen
  Kellogg School of Management, Northwestern University
  Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act

  5/11/12    Jay Ritter
  University of Florida
  Where Have All the IPOs Gone?

  5/18/12    Victoria Ivashina
  Harvard Business School
  Reaching For Yield in the Bond Market

  5/25/12  Gustavo Manso
  UC Berkeley
  Feedback Effects of Credit Ratings