2014 Program Archive

Session I

Session Chair: Wayne Ferson (USC) Heterogeneous Innovations, Firm Creation and Destruction, and Asset Prices Jan Bena (UBC), Lorenzo Garlappi (UBC), and Patrick Grüning (Goethe University) Discussant: Dmitry Livdan (UC Berkeley) Volatility Risks and Growth Options Hengjie Ai (University of Minnesota) and Dana Kiku (UIUC) Discussant: Andres Donangelo (UT Austin)

Session II

Session Chair: Jeffrey Zwiebel (Stanford) Precautionary Savings with Risky Assets: When Cash is Not Cash Ran Duchin (University of Washington), Thomas Gilbert (University of Washington), Jarrad Harford (University of Washington), and Christopher Hrdlicka (University of Washington) Discussant: Laurent Fresard (University of Maryland) CEO Investment Cycles Yihui Pan (University of Utah), Tracy Wang (University of Minnesota), and Michael Weisbach (Ohio State University) Discussant: Ran Duchin (University of Washington)

Session III

Session Chair: Hank Bessembinder (University of Utah) Out-Of-The-Money CEOs: Private Control Premium and Option Exercise by CEOs Vyacheslav Fos (UIUC) and Wei Jiang (Columbia) Discussant: Lalitha Naveen (Temple University) Corporate News Releases and Equity Vesting Alex Edmans (LBS), Luis Goncalves-Pinto (National University of Singapore), Yanbo Wang (INSEAD), and Moqi Xu (LSE) Discussant: Wayne Guay (University of Pennsylvania)

Session IV

Session Chair: Rajnish Mehra (ASU) Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion Nicolae Gârleanu (UC Berkeley), Stavros Panageas (University of Chicago), and Jianfeng Yu (University of Minnesota) Discussant: Adam Zawadowski (Boston University) Monetary Policy Drivers of Bond and Equity Risks John Campbell (Harvard), Carolin Pflueger (UBC), and Luis Viceira (Harvard) Discussant: Rossen Valkanov (UC San Diego) Very Long-Run Discount Rates Stefano Giglio (University of Chicago), Matteo Maggiori (NYU), and Johannes Stroebel (NYU) Discussant: Barney Hartman-Glaser (UCLA)