2018 Program Archive

Session I

Session Chair: Michael Lemmon (Citadel) A Day Late and a Dollar Short: Liquidity and Household Formation among Student Borrowers Sarena Goodman (Federal Reserve), Adam Isen (U.S. Department of Treasury), and Constantine Yannelis (New York University) Discussant: Michaela Pagel (Columbia Business School) Securitization, Ratings, and Credit Supply Brendan Daley (University of Colorado), Brett Green (UC Berkeley), and Victoria Vanasco (Stanford) Discussant: Anjan Thakor (Washington University in St. Louis)

Session II

Session Chair: Wayne Ferson (USC) Sectoral Shares and Risk Premia in Dynamic Equilibrium Ravi Bansal (Duke), Colin Ward (University of Minnesota), and Amir Yaron (Wharton) Discussant: Serhiy Kozak (University of Michigan) Fake News in Financial Markets Shimon Kogan (MIT and Interdisciplinary Center Herzliya), Tobias J. Moskowitz (Yale) and Marina Niessner (Yale) Discussant: Diego Garcia (University of Colorado) Do Intermediaries Matter for Aggregate Asset Prices? Valentin Haddad (UCLA) and Tyler Muir (UCLA) Discussant: Zhiguo He (University of Chicago)

Session III

Session Chair: Bruce Carlin (UCLA) Regulation of Initial Coin Offerings Jiasun Li (George Mason) and William Mann (UCLA) Discussant: Gilles Chemla (Imperial College) Deadlock on the Board Jason Roderick Donaldson (Washington University in St. Louis), Nadya Malenko (Boston College), and Giorgia Piacentino (Columbia) Discussant: Ali Lazrak (UBC)

Session IV

Session Chair: Michelle Lowry (Drexel University) Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality Vojislav Maksimovic (Maryland), Gordon Phillips (Maryland), and Liu Yang (Maryland) Discussant: Michael Weisbach (Ohio State) Killer Acquisitions Colleen Cunningham (LBS), Florian Ederer (Yale), and Song Ma (Yale) Discussant: Alexey Zhdanov (Penn State) Squaring Venture Capital Valuations with Reality Will Gornall (UBC) and Ilya A. Strebulaev (Stanford) Discussant: Michael Ewens (Cal Tech)