2015 Program Archive

Session I

Session Chair: Mark Seasholes (HKUST / Harvard) A Comparison of New Factor Models Kewei Hou (Ohio State), Chen Xue (University of Cincinnati), and Lu Zhang (Ohio State) Discussant: Jay Shanken (Emory) The Price of Variance Risk Ian Dew-Becker (Northwestern), Stefano Giglio (University of Chicago), Anh Le (UNC), and Marius Rodriguez (Federal Reserve Board) Discussant: Greg Duffee (Johns Hopkins)

Session II

Session Chair: Richard Green (Carnegie Mellon) Adverse Selection and Intermediation Chains Vincent Glode (University of Pennsylvania) and Christian Opp (University of Pennsylvania) Discussant: Christine Parlour (UC Berkeley) The Freedom of Information Act and the Race Towards Information Acquisition Antonio Gargano (University of Melbourne), Alberto Rossi(University of Maryland), and Russ Wermers (University of Maryland) Discussant: Michael Lemmon (BlackRock) Swimming Upstream: Struggling Firms in Corrupt Cities Christopher Parsons (UC San Diego), Johan Sulaeman (SMU), and Sheridan Titman (UT Austin) Discussant: Florian Schulz (University of Washington)

Session III

Session Chair: Bernadette Minton (Ohio State) Growth through Rigidity: An Explanation for the Rise in CEO Pay Richard Townsend(Dartmouth) and Kelly Shue (University of Chicago) Discussant: Kevin Murphy (USC) Intellectual Property Protection and Financial Markets: Patenting vs. Secrecy Nishant Dass (Georgia Institute of Technology), Vikram Nanda (Rutgers University), and Steven Xiao (Rutgers University) Discussant: Bruce Carlin (UCLA)

Session IV

Session Chair: Hendrik Bessembinder (University of Utah) Stock Returns over the FOMC Cycle Anna Cieslak (Northwestern), Adair Morse (UC Berkeley), and Annette Vissing-Jorgensen (UC Berkeley) Discussant: Pavel Savor (Temple) Competition, Markups and Predictable Returns Alexandre Corhay (UBC), Howard Kung (LBS), and Lukas Schmid (Duke) Discussant: Lars Lochstoer (Columbia) Deflation Risk Matthias Fleckenstein (Cornerstone), Hanno Lustig (UCLA), and Francis Longstaff (UCLA) Discussant: Anna Cieslak (Northwestern)