| |
|---|
Session 1: BT 1 : Banking Theory
July 11, 2019 9:00 to 11:00
A.01 |
|---|
| |
|---|
| Session Chair:
Roman Goncharenko, KU Leuven |
| |
| Effectiveness of New Macrofinancial Policies |
| presented by: Jose Carrasco-Gallego, University King Juan Carlos |
Discussant: Davide Porcellacchia, European Central Bank
|
| |
| Maturity Transformation and Negative Interest Rate Policies |
| presented by: Davide Porcellacchia, European Central Bank |
Discussant: Jose Carrasco-Gallego, University King Juan Carlos
|
| |
| Loan Loss Provisioning in a Dynamic Model of Banking |
| presented by: Roman Goncharenko, KU Leuven |
Discussant: Jorge Abad, CEMFI
|
| |
| Procyclicality and the post-crisis fi nancial regulatory reform |
| presented by: Jorge Abad, CEMFI |
Discussant: Roman Goncharenko, KU Leuven
|
| |
|---|
Session 2: BE 1: Banking Empirical
July 11, 2019 9:00 to 11:00
A.03 |
|---|
| |
|---|
| Session Chair:
Giulio Bagattini, Frankfurt School of Finance & Management |
| |
| Removing the Fine Print: Standardization, Disclosure, and Consumer Loan Outcomes |
| presented by: Sheisha Kulkarni, University of Virginia |
Discussant: David Marques Ibanez, European Central Bank
|
| |
| Seeking My Supervisor: Evidence from the Centralization of Banking Supervision in Europe |
| presented by: David Marques Ibanez, European Central Bank |
Discussant: Sheisha Kulkarni, University of Virginia
|
| |
| The fire-sale channels of universal banks in the European sovereign debt crisis |
| presented by: Giulio Bagattini, Frankfurt School of Finance & Management |
Discussant: James Wang, Board of Governors of the Federal Reserve System
|
| |
| Regulatory Scrutiny and Bank Credit Supply |
| presented by: James Wang, Board of Governors of the Federal Reserve System |
Discussant: Giulio Bagattini, Frankfurt School of Finance & Management
|
| |
|---|
Session 3: CFE 1: Corporate Finance Empirical
July 11, 2019 9:00 to 11:00
A.05 |
|---|
| |
|---|
| Session Chair:
Elvira Scarlat, IE Business School |
| |
| CEO labor market incentives and accounting quality: The unintended consequences of trade secret regulation |
| presented by: Cristina Grande-Herrera, Universidad Carlos III de Madrid |
Discussant: Bartolomé Pascual-Fuster, Universitat de les Illes Balears
|
| |
| INTERLOCKING DIRECTORS IN HEADQUARTERS-AFFILIATE RELATIONSHIP OF BUSINESS GROUPS |
| presented by: Bartolomé Pascual-Fuster, Universitat de les Illes Balears |
Discussant: Cristina Grande-Herrera, Universidad Carlos III de Madrid
|
| |
| Not Just a Boys’ Club: Gender and Private Information Channels for Insider Trading |
| presented by: Elvira Scarlat, IE Business School |
Discussant: Marc Goergen, IE
|
| |
| Trust and Shareholder Voting |
| presented by: Marc Goergen, IE |
Discussant: Elvira Scarlat, IE Business School
|
| |
|---|
Session 4: APT 1: Asset Pricing Theory
July 11, 2019 9:00 to 11:00
A.02 |
|---|
| |
|---|
| Session Chair:
Federico Platania, Pole Universitaire De Vinci |
| |
| Investment Implications of Behavioral Heterogeneity |
| presented by: Huanhuan Zheng, National University of Singapore |
Discussant: Daniël Vullings, University of Groningen
|
| |
| Discrete time asset pricing under endogenous changes in the kind of cash-flows |
| presented by: Daniël Vullings, University of Groningen |
Discussant: Huanhuan Zheng, National University of Singapore
|
| |
| The impact of external conditions on R&D valuation |
| presented by: Federico Platania, Pole Universitaire De Vinci |
Discussant: David Feldman, UNSW Sydney
|
| |
| THE INTERNATIONAL ACTIVE FUND MANAGEMENT INDUSTRY: CONCENTRATION CROSS EFFECTS |
| presented by: David Feldman, UNSW Sydney |
Discussant: Federico Platania, Pole Universitaire De Vinci
|
| |
|---|
Session 5: APE 1: Asset Pricing Empirical
July 11, 2019 9:00 to 11:00
A.06 |
|---|
| |
|---|
| Session Chair:
Santiago Forte, ESADE Business School, Ramon Llull University |
| |
| Currency Substitution and Co-movements for European Currencies and the Euro during Financial Crisis |
| presented by: Alba Rodriguez Gonzalez, Dublin Institute of Technology |
Discussant: Paulo Maio, Hanken School of Economics
|
| |
| The Cross-Section of Currency Appreciation Rates |
| presented by: Paulo Maio, Hanken School of Economics |
Discussant: Alba Rodriguez Gonzalez, Dublin Institute of Technology
|
| |
| The impact of heterogeneous unconventional monetary policies on risk appetite |
| presented by: Pedro Serrano, UC3M |
Discussant: Alejandro Lopez-Lira, The Wharton School, University of Pennsylvania
|
| |
| Stock Comovement and Financial Flexibility |
| presented by: Stefano Sacchetto, IESE Business School |
Discussant: Santiago Forte, ESADE Business School, Ramon Llull University
|
| |
|---|
Session 6: CFT 1: Corporate Finance Theory
July 11, 2019 14:30 to 16:30
A.02 |
|---|
| |
|---|
| Session Chair:
William Fuchs, University of Texas at Austin |
| |
| Optimal Arrangements for Distribution in Developing Markets: Theory and Evidence |
| presented by: William Fuchs, University of Texas at Austin |
Discussant: Beatriz González, Universidad Carlos III
|
| |
| Dynamic contracting under soft information. |
| presented by: Guillaume Roger, U of Wollongong |
Discussant: Alejandro Rivera,
|
| |
| Macroeconomics, Firm Dynamics and IPOs |
| presented by: Beatriz González, Universidad Carlos III |
Discussant: William Fuchs, University of Texas at Austin
|
| |
|---|
Session 7: CFE 2: Corporate Finance Empirical
July 11, 2019 14:30 to 16:30
A.05 |
|---|
| |
|---|
| Session Chair:
Mahsa Memarian, INCAE Business School |
| |
| Firm’s Profitability in Smart Cities |
| presented by: Mahsa Memarian, INCAE Business School |
Discussant: Jörg Stahl, Universidade Católica Portuguesa
|
| |
| Cross-border vs. Domestic M&As: the Cross-section of Equity Returns |
| presented by: Luca Del Viva, ESADE Business School |
Discussant: Mehdi Hamidi Sah, University of Kent
|
| |
| The value of international political connections: Evidence from Trump's 2016 surprise election |
| presented by: Jörg Stahl, Universidade Católica Portuguesa |
Discussant: Mahsa Memarian, INCAE Business School
|
| |
|---|
Session 8: BT 2: Banking Theory
July 11, 2019 14:30 to 16:30
A.01 |
|---|
| |
|---|
| Session Chair:
Toni Ahnert, Bank of Canada and CEPR |
| |
| Bank Capital Forbearance |
| presented by: Javier Suarez, CEMFI |
Discussant: Sergio Vicente, Universidad Carlos III de Madrid
|
| |
| Portfolio Choice and Bank Runs |
| presented by: Toni Ahnert, Bank of Canada and CEPR |
Discussant: Levent Altinoglu, Federal Reserve Board of Governors
|
| |
| Collective Moral Hazard, Risk Sharing, and Concentration in the Financial System |
| presented by: Levent Altinoglu, Federal Reserve Board of Governors |
Discussant: Toni Ahnert, Bank of Canada and CEPR
|
| |
| The Rise of Shadow Banking: Evidence from Capital Regulation |
| presented by: Jose Luis Peydro, ICREA, Universitat Pompeu Fabra, CREI, and BGSE |
Discussant: David Martinez-Miera, Universidad Carlos III
|
| |
|---|
Session 9: II 1: Institutional Investors
July 11, 2019 14:30 to 16:30
A.03 |
|---|
| |
|---|
| Session Chair:
Luis Vicente, Universidad de Zaragoza |
| |
| How Global is Your Mutual Fund? International Diversification from Multinationals |
| presented by: Irem Demirci, Nova School of Business and Economics |
Discussant: David Moreno, UNIVERSITY CARLOS III
|
| |
| Does the mutual fund industry learn from its errors? |
| presented by: Luis Vicente, Universidad de Zaragoza |
Discussant: Irem Demirci, Nova School of Business and Economics
|
| |
| Phantom of the Opera: ETFs and Shareholder Voting |
| presented by: Richard Evans, University of Virginia & LTI@unito |
Discussant: Rafael Zambrana, Nova School of Business and Economics
|
| |
| Team Players versus All-Stars in Socially Responsible Investment Funds |
| presented by: David Moreno, UNIVERSITY CARLOS III |
Discussant: Luis Vicente, Universidad de Zaragoza
|
| |
|---|
Session 10: MM 1: Market Microstructure
July 11, 2019 14:30 to 16:30
A.04 |
|---|
| |
|---|
| Session Chair:
Jesper Rudiger, Universidad Carlos III de Madrid |
| |
| Dark trading: liquidity commonality and trading halts |
| presented by: Yuxin sun, Queen's University Belfast |
Discussant: Mikel Tapia,
|
| |
| Who Acquires Information in Dealer Markets? |
| presented by: Jesper Rudiger, Universidad Carlos III de Madrid |
Discussant: Alex Ferreira, FEA-RP/USP
|
| |
| Central Bank Reserves and Currency Volatility |
| presented by: Alex Ferreira, FEA-RP/USP |
Discussant: Yuxin sun, Queen's University Belfast
|
| |
| The effect of voluntary trader anonymity on market liquidity |
| presented by: Mikel Tapia, |
Discussant: Jesper Rudiger, Universidad Carlos III de Madrid
|
| |
|---|
Session 11: APE 2: Asset Pricing Empirical
July 11, 2019 14:30 to 16:30
A.06 |
|---|
| |
|---|
| Session Chair:
Helena Chulia, Universitat de Barcelona |
| |
| Margining and Connectedness Dynamics of Equity Risk-Neutral Volatilities, Market Returns, and Treasury Bond Returns |
| presented by: Gonzalo Rubio, Universidad CEU Cardenal Herrera |
Discussant: Jorge Uribe, University of Barcelona
|
| |
| Analyzing the Nonlinear Pricing of Liquidity Risk according to the Market State |
| presented by: Jorge Uribe, University of Barcelona |
Discussant: Pedro Serrano, UC3M
|
| |
| Expected, Unexpected, Good and Bad Uncertainty |
| presented by: Helena Chulia, Universitat de Barcelona |
Discussant: Zilong Niu, Tilburg University
|
| |
| Underreaction to Macroeconomic News Announcements and the Downward-Sloping Security Market Line |
| presented by: Zilong Niu, Tilburg University |
Discussant: Helena Chulia, Universitat de Barcelona
|
| |
|---|
Session 12: CFT 2: Corporate Finance Theory
July 11, 2019 17:00 to 19:00
A.01 |
|---|
| |
|---|
| Session Chair:
Florina Silaghi, Universitat Autonoma de Barcelona |
| |
| Optimal Short-termism |
| presented by: Alejandro Rivera, |
Discussant: Guillaume Roger, U of Wollongong
|
| |
| Trade Credit Contracts: Design and Regulation |
| presented by: Florina Silaghi, Universitat Autonoma de Barcelona |
Discussant: Christian Flor, University of Southern Denmark
|
| |
| Private Equity Acquisitions and Strategic Buyers: Information Discounts versus Synergies |
| presented by: Christian Flor, University of Southern Denmark |
Discussant: Florina Silaghi, Universitat Autonoma de Barcelona
|
| |
|---|
Session 13: CFE 3: Corporate Finance Empirical
July 11, 2019 17:00 to 19:00
A.05 |
|---|
| |
|---|
| Session Chair:
Arthur Petit-Romec, SKEMA Business School and Université Côte d’Azur |
| |
| Creditor Rights, Enforcement and Tax Avoidance |
| presented by: Antonio De Vito, IE Business School, IE University |
Discussant: Antonino Emanuele Rizzo, Nova School of Business and Economics
|
| |
| Do Shareholders Gain from Their Right to Sue? Evidence from Federal Judge Turnover |
| presented by: Antonino Emanuele Rizzo, Nova School of Business and Economics |
Discussant: Antonio De Vito, IE Business School, IE University
|
| |
| The Role of Media in Corporate Governance: Evidence from Shareholder Proposals |
| presented by: Arthur Petit-Romec, SKEMA Business School and Université Côte d’Azur |
Discussant: Antonio Vazquez, Universidad Carlos III de Madrid
|
| |
| Boards of Directors' Legal Incentives and Firm Outcomes |
| presented by: Antonio Vazquez, Universidad Carlos III de Madrid |
Discussant: Arthur Petit-Romec, SKEMA Business School and Université Côte d’Azur
|
| |
|---|
Session 14: BE 2: Banking Empirical
July 11, 2019 17:00 to 19:00
A.03 |
|---|
| |
|---|
| Session Chair:
Miguel Garcia-Posada, Bank of Spain - Eurosystem |
| |
| Monetary Policy and the Cost of Wage Rigidity: Evidence from the Stock Market |
| presented by: Vincenzo Pezone, Goethe University and SAFE |
Discussant: Javier Ruiz, UCM
|
| |
| The impact of the ECB’s Targeted Long-Term Refinancing Operations on banks’ lending policies: the role of competition |
| presented by: Miguel Garcia-Posada, Bank of Spain - Eurosystem |
Discussant: Nuno Paixao, Bank of Canada
|
| |
| Transmission of the European Central Bank Monetary Policy across Regional Stock Markets |
| presented by: Javier Ruiz, UCM |
Discussant: Vincenzo Pezone, Goethe University and SAFE
|
| |
| Propagation of House Price Shocks through the Banking System |
| presented by: Nuno Paixao, Bank of Canada |
Discussant: Miguel Garcia-Posada, Bank of Spain - Eurosystem
|
| |
|---|
Session 15: APE 3: Asset Pricing Empirical
July 11, 2019 17:00 to 19:00
A.06 |
|---|
| |
|---|
| Session Chair:
Marcos González-Fernández, University of León |
| |
| Overnight Risk Premium, Volatility and Trading Volume in Electricity Forward Markets |
| presented by: Juan Ignacio Peña, Universidad Carlos III |
Discussant: Manuel Moreno, University of Castilla-La Mancha
|
| |
| Long-term swings and seasonality in energy markets |
| presented by: Manuel Moreno, University of Castilla-La Mancha |
Discussant: Juan Ignacio Peña, Universidad Carlos III
|
| |
| Hazard Fear, Information Search Behavior, and Commodity Futures Risk Premia |
| presented by: Marcos González-Fernández, University of León |
Discussant: Isabel Figuerola Ferretti, ICADE
|
| |
| Commodity futures: does the traded volume influence research interest? |
| presented by: Isabel Figuerola Ferretti, ICADE |
Discussant: Marcos González-Fernández, University of León
|
| |
|---|
Session 16: MS : Rafael Santamaria Memorial Session
July 11, 2019 17:00 to 19:00
A.04 |
|---|
| |
|---|
| Session Chair:
Gonzalo Rubio, Universidad CEU Cardenal Herrera |
| |
| Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns |
| presented by: Alejandro Lopez-Lira, The Wharton School, University of Pennsylvania |
Discussant: José Penalva, Universidad Carlos III de Madrid
|
| |
| Noise, Value, and Rate of Market Efficincy |
| presented by: Mehdi Hamidi Sah, University of Kent |
Discussant: Luca Del Viva, ESADE Business School
|
| |
| Demand for Lotteries: the Choice Between Stocks and Options |
| presented by: Pedro Garcia Ares, University of Exeter |
Discussant: Juan-Pedro Gomez, IE Business School
|
| |
| Capital Commitment and Investment Decisions: The Role of Mutual Fund Charges |
| presented by: Rafael Zambrana, Nova School of Business and Economics |
Discussant: Richard Evans, University of Virginia & LTI@unito
|
| |
|---|
Session 17: BE 3: Banking Empirical
July 12, 2019 9:00 to 11:00
A.03 |
|---|
| |
|---|
| Session Chair:
Radoslav Raykov, Bank of Canada |
| |
| Holding Company Affiliation and Risk: Evidence from the US Banking Sector |
| presented by: Radoslav Raykov, Bank of Canada |
Discussant: Andres Mesa Toro, Universidad de Navarra
|
| |
| Does religion affect credit union risk taking? |
| presented by: Andres Mesa Toro, Universidad de Navarra |
Discussant: Nagihan Mimiroglu, Maastricht University
|
| |
| Distance Effects in CMBS Loan Pricing |
| presented by: Nagihan Mimiroglu, Maastricht University |
Discussant: Radoslav Raykov, Bank of Canada
|
| |
|---|
Session 18: CFE 4: Corporate Finance Empirical
July 12, 2019 9:00 to 11:00
A.05 |
|---|
| |
|---|
| Session Chair:
Fabrizio Ferriani, Banca d'Italia |
| |
| U.S. shale producers: a case of dynamic risk management? |
| presented by: Fabrizio Ferriani, Banca d'Italia |
Discussant: Pedro Martínez-Solano, University of Murcia
|
| |
| Acquisitions, Common Ownership, and the Cournot Merger Paradox |
| presented by: Mireia Gine, University of Navarra & Wharton WRDS |
Discussant: Irina Gazizova, Universidad Carlos III de Madrid
|
| |
| Do Markets Reward CSR Firms? Evidence From Target Beating Behavior |
| presented by: Irina Gazizova, Universidad Carlos III de Madrid |
Discussant: Mireia Gine, University of Navarra & Wharton WRDS
|
| |
| Is familiness a collateral for suppliers? |
| presented by: Nieves Díaz Díaz, Universidad de las Palmas de Gran Canaria |
Discussant: Fabrizio Ferriani, Banca d'Italia
|
| |
|---|
Session 19: BT 3: Banking Theory
July 12, 2019 9:00 to 11:00
A.01 |
|---|
| |
|---|
| Session Chair:
DEMIAN MACEDO, universitat de les illes balears |
| |
| Liquidity Management, Fire Sale and Liquidity Crises in Banking: The Role of Leverage |
| presented by: Quynh-Anh Vo, Bank of England |
Discussant: Manuel Muñoz, Spanish Ministry for Economy and Business
|
| |
| Liquidity Shocks and Interbank Market Failures: The Role of Deposit Flights, Non-Performing Loans, and Credit Market Competition |
| presented by: DEMIAN MACEDO, universitat de les illes balears |
Discussant: Quynh-Anh Vo, Bank of England
|
| |
| Rethinking Capital Regulation: The Case for a Dividend Prudential Target |
| presented by: Manuel Muñoz, Spanish Ministry for Economy and Business |
Discussant: DEMIAN MACEDO, universitat de les illes balears
|
| |
|---|
Session 20: APE 4: Asset Pricing Empirical
July 12, 2019 9:00 to 11:00
A.06 |
|---|
| |
|---|
| Session Chair:
Conall O'Sullivan, Michael Smurfit Graduate Business School |
| |
| Measuring sovereign risk in peripheral euro area countries with contingent claim models: A comparison with traditional indicators |
| presented by: Simon Sosvilla-Rivero, Universidad Complutense de Madrid |
Discussant: Stefano Sacchetto, IESE Business School
|
| |
| Dividend capture returns: anomaly or risk premium? Evidence from the equity options markets |
| presented by: Conall O'Sullivan, Michael Smurfit Graduate Business School |
Discussant: Simon Sosvilla-Rivero, Universidad Complutense de Madrid
|
| |
| Implied Equity and Firm Asset Volatility in Credit Default Swap Premia |
| presented by: Santiago Forte, ESADE Business School, Ramon Llull University |
Discussant: Antoni Vaello-Sebastià, University of Balearic Islands
|
| |
| When the (expected) loss quantiles go marching in |
| presented by: Antoni Vaello-Sebastià, University of Balearic Islands |
Discussant: Conall O'Sullivan, Michael Smurfit Graduate Business School
|
| |
|---|
Session 21: MM 2: Market Microstructure
July 12, 2019 9:00 to 11:00
A.02 |
|---|
| |
|---|
| Session Chair:
Roberto Pascual, Universidad de las Islas Baleares |
| |
| Order Exposure in High Frequency Markets |
| presented by: Roberto Pascual, Universidad de las Islas Baleares |
Discussant: Arie Gozluklu, University of Warwick
|
| |
| ORDER FLOW TOXICITY UNDER THE MICROSCOPE |
| presented by: Jose Yague, University of Murcia |
Discussant: Michael Schneider, Deutsche Bundesbank
|
| |
| Recent Trends in After Hours Trading |
| presented by: Arie Gozluklu, University of Warwick |
Discussant: DAVID ABAD, UNIVERSITY OF ALICANTE
|
| |
| OTC Discount |
| presented by: Michael Schneider, Deutsche Bundesbank |
Discussant: Roberto Pascual, Universidad de las Islas Baleares
|
| |
|---|
Session 22: CFT 3: Corporate Finance Theory
July 12, 2019 14:30 to 16:30
A.01 |
|---|
| |
|---|
| Session Chair:
Alvaro Remesal, CUNEF |
| |
| Competition for talent and cyclical malpractice in corporate governance |
| presented by: Alvaro Remesal, CUNEF |
Discussant: FABIO FERIOZZI, IE BUSINESS SCHOOL - IE UNIVERSITY
|
| |
| The Quest for Status in Two Flavors |
| presented by: Fernando Zapatero, University of Southern California |
Discussant: Maria Gutierrez, Universidad Carlos III de Madrid
|
| |
| Managerial Entrenchment and the Market for Talent |
| presented by: FABIO FERIOZZI, IE BUSINESS SCHOOL - IE UNIVERSITY |
Discussant: Alvaro Remesal, CUNEF
|
| |
|---|
Session 23: BE 4: Banking Empirical
July 12, 2019 14:30 to 16:30
A.03 |
|---|
| |
|---|
| Session Chair:
Paolo Emilio Mistrulli, Bank of Italy |
| |
| The China Syndrome Affects Banks: The Credit Supply Channel of Foreign Import Competition |
| presented by: Omar Rachedi, Banco de España |
Discussant: Min Park, University of Exeter
|
| |
| CLO Market and Corporate Lending |
| presented by: Min Park, University of Exeter |
Discussant: Omar Rachedi, Banco de España
|
| |
| The dark side of multiple lending: Credit lines and financial contagion |
| presented by: Paolo Emilio Mistrulli, Bank of Italy |
Discussant: PEDRO CUADROS-SOLAS, CUNEF - University College of Financial Studies
|
| |
| Do bank bailouts have an impact on the underwriting business? |
| presented by: PEDRO CUADROS-SOLAS, CUNEF - University College of Financial Studies |
Discussant: Paolo Emilio Mistrulli, Bank of Italy
|
| |
|---|
Session 24: CFE 5: Corporate Finance Empirical
July 12, 2019 14:30 to 16:30
A.05 |
|---|
| |
|---|
| Session Chair:
Nick Pretnar, Carnegie Mellon University, Tepper School of Business |
| |
| Build or Buy? Human Capital and Corporate Diversification |
| presented by: Paul Beaumont, Université Paris Dauphine |
Discussant: Isabel Feito-Ruiz, University of Leon
|
| |
| ELECTIVE STOCK AND SCRIP DIVIDEND |
| presented by: Isabel Feito-Ruiz, University of Leon |
Discussant: Paul Beaumont, Université Paris Dauphine
|
| |
| Durables, Non-Durables, and a Structural Test of Fungibility |
| presented by: Nick Pretnar, Carnegie Mellon University, Tepper School of Business |
Discussant: Kizkitza Biguri, BI Norwegian Business School
|
| |
| Collateral Requirements and Corporate Policy Decisions |
| presented by: Kizkitza Biguri, BI Norwegian Business School |
Discussant: Nick Pretnar, Carnegie Mellon University, Tepper School of Business
|
| |
|---|
Session 25: II 2: Institutional Investors
July 12, 2019 14:30 to 16:30
A.02 |
|---|
| |
|---|
| Session Chair:
Hari Rozental, University of Warwick |
| |
| Active Trading and (Poor) Performance: The Social Transmission Channel |
| presented by: Alvaro Pedraza, World Bank |
Discussant: Abalfazl Zareei, Stockholm University
|
| |
| ETF Arbitrage and International Correlation |
| presented by: Hari Rozental, University of Warwick |
Discussant: Alvaro Pedraza, World Bank
|
| |
| Comparing Portfolio Strategies |
| presented by: Abalfazl Zareei, Stockholm University |
Discussant: Hari Rozental, University of Warwick
|
| |
|---|
Session 26: APE 5: Asset Pricing Empirical
July 12, 2019 14:30 to 16:30
A.06 |
|---|
| |
|---|
| Session Chair:
Tomas Williams, George Washington University |
| |
| Information Frictions in Securitization Markets: Unsophisticated Investors or Opaque Assets? |
| presented by: David Echeverry, University of Notre Dame |
Discussant: Athena Tsouderou, IE University
|
| |
| The Search for Yield and the Size Premium in Emerging Market Corporate Debt |
| presented by: Tomas Williams, George Washington University |
Discussant: Wenting Dai, Texas A&M University
|
| |
| The Dynamic Effects of Investors in Housing Markets |
| presented by: Athena Tsouderou, IE University |
Discussant: David Echeverry, University of Notre Dame
|
| |
| Diversification and Financialization in Commodity Markets: Evidence from Commodity Trading Advisors |
| presented by: Wenting Dai, Texas A&M University |
Discussant: Tomas Williams, George Washington University
|
| |
|---|
Session 27: APT 2: Asset Pricing Theory
July 12, 2019 17:00 to 19:00
A.04 |
|---|
| |
|---|
| Session Chair:
David Feldman, UNSW Sydney |
| |
| Price discovery and liquidity for competing exchange rates |
| presented by: Iñaki Longarela, Stockholm University |
Discussant: Emiliano Sanchez, University of the Basque Country
|
| |
| INFORMATION, INSIDER TRADING, EXECUTIVE RELOAD STOCK OPTIONS, INCENTIVES, AND REGULATION |
| presented by: David Feldman, UNSW Sydney |
Discussant: Victor DeMiguel, London Business School
|
| |
| Optimal Bond Portfolios with Default Risk |
| presented by: Emiliano Sanchez, University of the Basque Country |
Discussant: Iñaki Longarela, Stockholm University
|
| |
| Crowding and Liquidity Provision in Factor Investing |
| presented by: Victor DeMiguel, London Business School |
Discussant: David Feldman, UNSW Sydney
|
| |
|---|
Session 28: BT 4: Banking Theory
July 12, 2019 17:00 to 19:00
A.01 |
|---|
| |
|---|
| Session Chair:
Anton Boxtel, University of Vienna |
| |
| Bank Information sharing and Liquidity risk |
| presented by: Fabio Castiglionesi, Tilburg University |
Discussant: Quentin Vandeweyer, European Central Bank
|
| |
| Competition, Common Agency, and the Need for Financial Intermediation |
| presented by: Anton Boxtel, University of Vienna |
Discussant: Fabio Castiglionesi, Tilburg University
|
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| Unconventional Monetary Policy and Funding Liquidity Risk |
| presented by: Quentin Vandeweyer, European Central Bank |
Discussant: Anton Boxtel, University of Vienna
|
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Session 29: BE 5: Banking Empirical
July 12, 2019 17:00 to 19:00
A.03 |
|---|
| |
|---|
| Session Chair:
Florian Balke, Goethe University Frankfurt |
| |
| Bank Competition for Wholesale Funding: Evidence from Corporate Deposits |
| presented by: Florian Balke, Goethe University Frankfurt |
Discussant: Michal Kowalik, Federal Reserve Bank of Boston
|
| |
| Increasing Profitability through Contingent Convertible Capital. Empirical Evidence from European Banks |
| presented by: Matthias Petras, University Cologne |
Discussant: Jonathan Acosta-Smith, Bank of England
|
| |
| Capital Regulation and Clearing: An unexpected interaction |
| presented by: Jonathan Acosta-Smith, Bank of England |
Discussant: Matthias Petras, University Cologne
|
| |
| Craft Lending: The Role of Small Banks in Small Business Finance |
| presented by: Michal Kowalik, Federal Reserve Bank of Boston |
Discussant: Florian Balke, Goethe University Frankfurt
|
| |
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Session 30: CFE 6: Corporate Finance Empirical
July 12, 2019 17:00 to 19:00
A.05 |
|---|
| |
|---|
| Session Chair:
Silvina Rubio, University of Bristol |
| |
| Governance, Information Flow and Stock Returns: Evidence from a Natural Experiment |
| presented by: Mohammed Zakriya, Universitat Ramon Llull, ESADE Business School |
Discussant: Beatriz García Osma, Universidad Carlos III de Madrid
|
| |
| Accounting conservatism and the information efficiency of stock prices |
| presented by: Beatriz García Osma, Universidad Carlos III de Madrid |
Discussant: Mohammed Zakriya, Universitat Ramon Llull, ESADE Business School
|
| |
| The Role of Accounting Quality during Mutual Fund Fire Sales |
| presented by: Silvina Rubio, University of Bristol |
Discussant: Akram Khalilov, Universidad Carlos III de Madrid
|
| |
| THE BENEFITS OF BALANCE SHEET CONSERVATISM: EVIDENCE FROM THE FINANCIAL CRISIS |
| presented by: Akram Khalilov, Universidad Carlos III de Madrid |
Discussant: Silvina Rubio, University of Bristol
|
| |
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Session 31: APE 6: Asset Pricing Empirical
July 12, 2019 17:00 to 19:00
A.06 |
|---|
| |
|---|
| Session Chair:
Menna El Hefnawy, ESADE Business School |
| |
| Predicting Influential Recommendation Revisions |
| presented by: Jose Faias, Universidade Catolica Portuguesa |
Discussant: Joni Kokkonen, Catolica-Lisbon School of Business and Economics
|
| |
| Hidden Investment Beliefs |
| presented by: Joni Kokkonen, Catolica-Lisbon School of Business and Economics |
Discussant: Jose Faias, Universidade Catolica Portuguesa
|
| |
| Management Guidance Imprecision and Stock Returns |
| presented by: Menna El Hefnawy, ESADE Business School |
Discussant: Romulo Alves, Rotterdam School of Management (Erasmus University Rotterdam)
|
| |
| The Information Content of Commodity Futures Markets |
| presented by: Romulo Alves, Rotterdam School of Management (Erasmus University Rotterdam) |
Discussant: Menna El Hefnawy, ESADE Business School
|
| |
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Session 32: II 3: Institutional Investors
July 12, 2019 17:00 to 19:00
A.02 |
|---|
| |
|---|
| Session Chair:
Laura ANDREU SANCHEZ, University of Zaragoza |
| |
| DETERMINANTS OF MERGERS AND ACQUISITIONS: EVIDENCE FROM THE SPANISH INSURANCE INDUSTRY |
| presented by: Maria Rubio-Misas, Universidad de Malaga |
Discussant: Miguel De Jesus, Colegio Universitario de Estudios Financieros (CUNEF)
|
| |
| Mutual Fund Flows and the Information Channel of the Risk-free Rate |
| presented by: Miguel De Jesus, Colegio Universitario de Estudios Financieros (CUNEF) |
Discussant: Maria Rubio-Misas, Universidad de Malaga
|
| |
| Capturing the valuable trading decisions through a dynamic perspective of Active Share |
| presented by: Laura ANDREU SANCHEZ, University of Zaragoza |
Discussant: Juan Sotes-Paladino, The University of Melbourne
|
| |
| The Profits and Losses of Short Sellers |
| presented by: Juan Sotes-Paladino, The University of Melbourne |
Discussant: Laura ANDREU SANCHEZ, University of Zaragoza
|