2016 Program Archive

Session I

Session Chair: Wayne Ferson (USC) Media Attention, Macroeconomic Fundamentals, and Stock Market Activity Adlai Fisher (UBC), Charles Martineau (UBC), and Jinfei Sheng (UBC) Discussant: David Solomon (USC) Volatility Managed Portfolios Alan Moreira (Yale) and Tyler Muir (Yale) Discussant: Amit Goyal (University of Lausanne)

Session II

Session Chair: Michael Lemmon (BlackRock) Flexible Prices and Leverage Francesco D'Acunto (University of Maryland), Ryan Liu (UC Berkeley), Carolin Pflueger (UBC), and Michael Weber (University of Chicago) Discussant: Abhiroop Mukherjee (HKUST) Technological Heterogeneity and Corporate Investment Theodosios Dimopoulos (University of Lausanne) and Stefano Sacchetto (CMU) Discussant: Maria Chaderina (WU Vienna University) Family Feud: Succession Tournaments and Risk-taking in Korean Chaebols Jongsub Lee (University of Florida), Hojong Shin (Michigan State), and Hayong Yun (Michigan State) Discussant: Vikas Mehrotra (University of Alberta)

Session III

Session Chair: Andrew Karolyi (Cornell University) Endogenous Specialization and Dealer Networks Artem Neklyudov (University of Lausanne) and Batchimeg Sambalaibat (University of Oklahoma) Discussant: Briana Chang (University of Wisconsin) Estimating Information Asymmetry in Securities Markets Kevin Crotty (Rice), Kerry Back (Rice), and Tao Li (City University of Hong Kong) Discussant: Vyacheslav Fos (Boston College) Session IV Session Chair: Ran Duchin (University of Washington) Strategic Liquidity Hoarding and Predatory Trading: An Empirical Investigation Michael Liu (University of Melbourne) Discussant: Alberto Manconi (Tilburg University) Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds Denis Sosyura (University of Michigan) and Oleg Chuprinin (UNSW) Discussant: Jules van Binsbergen (University of Pennsylvania) Who is afraid of BlackRock? Massimo Massa (INSEAD), David Schumacher (McGill), and Yan Wang (Erasmus) Discussant: Shaun Davies (University of Colorado - Boulder)