AFA Ph.D. Poster Session at 2018 Annual Meeting

Philadelphia, PA


Summary of All Sessions

January 5, 2018
Loews Philadelphia Hotel, 2nd Floor Lobby 2018 AFA Ph.D. Student Poster Session78


AFA Ph.D. Poster Session at 2018 Annual Meeting

Detailed List of Sessions

Session: 2018 AFA Ph.D. Student Poster Session
January 5, 2018 7:30 to 18:00
Loews Philadelphia Hotel, 2nd Floor Lobby
Session Chairs:
1. Peter DeMarzo, Stanford University
2. David Hirshleifer, University of California, Irvine

1. An Anatomy of Arbitrageurs: Evidence from Open-End Structured Funds
   presented by: Jie Li, INSEAD

2. An Equilibrium Model of Asymmetric Dependence
By Junya Jiang; University of North Carolina at Charlotte
   presented by: Junya Jiang, University of North Carolina at Charlotte

3. Are Mortgage Regulations Affecting Entrepreneurship?
By Stephanie Johnson; Northwestern University
   presented by: Stephanie Johnson, Northwestern University

4. As Uncertain as Taxes
By Peter Brok; Tilburg University
   presented by: Peter Brok, Tilburg University

5. Banking Competition Revisited: Shadow Banks vs. Commercial Banks
By Chong Shu; University of Southern California
   presented by: Chong Shu, University of Southern California

6. Bank's Macro-financing and Liquidity Creation Under Flexible Prices
By Xuan Wang; University of Oxford
   presented by: Xuan Wang, University of Oxford

7. Best Friend or Worst Enemy? --Dynamics and Multiple Equilibria with Arbitrage, Production and Collateral Constraints
By Ally Quan Zhang; Swiss Finance Institute and University of Zurich
   presented by: Ally Quan Zhang, Swiss Finance Institute and University of Zurich

8. Capital Intensity and Investment Shocks: Implications for Stock Returns
By Jiri Knesl; University of British Columbia
   presented by: Jiri Knesl, University of British Columbia

9. Cash and Connections: The Importance of CFO Networks
By Yaoyi Xi; University of Kansas
   presented by: Yaoyi Xi, University of Kansas

10. CEO Buying: Strategic News Tone Dispersion Around Purchasing Months
By Dewan Mostafizur Rahman; University of Queensland
   presented by: Dewan Mostafizur Rahman, University of Queensland

11. Cheap Products or Cheap Talk? Disclosed Markups and Ex-Post Performance of Structured Products
By Petra Vokatá; Aalto University
   presented by: Petra Vokatá, Aalto University

12. Cheaper Is Not Better: On the Superior Performance of High-Fee Mutual Funds
By Jinfei Sheng; University of British Columbia
Mikhail Simutin; University of Toronto
Terry Zhang; University of British Columbia
   presented by: Terry Zhang, University of British Columbia

13. Co-Maxing Out and Security Price
By Xin Liu; University of Hong Kong
   presented by: Xin Liu, University of Hong Kong

14. Competition and Adverse Selection in an Online Lending Market
By Don Carmichael; University of Houston
   presented by: Don Carmichael, University of Houston

15. Corporate Bond Dealers' Inventory Risk and FOMC
By Wojciech Zurowski; Duke University, Swiss Finance Institute and University of Lugano
Alessio Ruzza; University of Lugano, Swiss Finance Institute
   presented by: Wojciech Zurowski, Duke University, Swiss Finance Institute and University of Lugano

16. Corporate Inversions and Cost of Equity: A Tale of Two Strategies
By Tianpeng Zhou; Michigan State University
   presented by: Tianpeng Zhou, Michigan State University

17. Credit Spreads, Daily Business Cycle, and Corporate Bond Returns Predictability
By Alexey Ivashchenko; University of Lausanne
   presented by: Alexey Ivashchenko, University of Lausanne

18. December Doldrums, Investor Distraction, and Stock Market Reaction to Unscheduled News Events
By Nikhil Paradkar; Georgia Institute of Technology
   presented by: Nikhil Paradkar, Georgia Institute of Technology

19. Demand Shocks, Financial Integration, and Local Economic Conditions
By Minh Phan; Columbia University
   presented by: Minh Phan, Columbia University

20. Do Capital Controls Reduce the Firms' Exposure to the Exchange Rate? What are the Consequences on Employment?
By Lorena Keller; Northwestern University
   presented by: Lorena Keller, Northwestern University

21. Do Idiosyncratic Shocks to Large Firms Contain Systematic Information?
By Sima Jannati; University of Miami
   presented by: Sima Jannati, University of Miami

22. Do Peer Firms Affect Corporate Cash Saving Decisions?
By Yuan Zhuang; Singapore Managment University
   presented by: Yuan Zhuang, Singapore Managment University

23. Do Social Connections Mitigate Information Asymmetry and Improve Performance? Evidence from Angels Market
By Buvaneshwaran Venugopal; University of Houston
   presented by: Buvaneshwaran Venugopal, University of Houston

24. Do We Want These Two to Tango? On Zombie Firms and Stressed Banks in Europe
By Manuela Storz; Frankfurt School of Finance and Management
Michael Koetter; Halle Institute for Economic Research
Ralph Setzer; European Central Bank
Andreas Westphal; European Central Bank
   presented by: Manuela Storz, Frankfurt School of Finance and Management

25. Does Political Corruption Impede Firm Innovation? Evidence from the United States
By Qianqian Huang; City University of Hong Kong
Tao Yuan; City University of Hong Kong
   presented by: Tao Yuan, City University of Hong Kong

26. Does the Uniformity of the Conforming Loan Limit Lead to Distorted Bank Lending?
By Teng Zhang; Georgia Institute of Technology
   presented by: Teng Zhang, Georgia Institute of Technology

27. Effect of Financial Globalization on Bank Risk: Role of Rollover Risk
By Dan Su; University of Minnesota
Xiang Li; Peking University
   presented by: Dan Su, University of Minnesota

28. Endogenous Rare Disaster Risk: Solution for Counter-Cyclical Excess Return and Volatility?
By Ville Savolainen; Hanken School of Economics
   presented by: Ville Savolainen, Hanken School of Economics

29. Environmental Social (ES) Engagement and Stock Returns: A Dynamic Perspective
By Mark Shackleton; Lancaster University
Jiali YAN; Lancaster University
Yaqiong Yao; Lancaster University Management School
   presented by: Jiali YAN, Lancaster University

30. From Playground to Boardroom, CEO's Family Background and Managerial Style
By Fangfang Du; Arizona State University
   presented by: Fangfang Du, Arizona State University

31. Fundamental Risk and Capital Structure
By Jakub Hajda; University of Lausanne
   presented by: Jakub Hajda, University of Lausanne

32. Health Care Costs, Worker Mobility and Firm Leverage: Evidence from State Health Mandates
By S.Lakshmi Naaraayanan; Hong Kong University of Science and Technology
Manpreet Singh; Georgia Institute of Technology
   presented by: S.Lakshmi Naaraayanan, Hong Kong University of Science and Technology

33. Hedge Fund Activism and CEO Compensation
By Jana Fidrmuc; University of Warwick
Swati Kanoria; University of Warwick
   presented by: Swati Kanoria, University of Warwick

34. Hispanic Culture, Local Return Chasing, and Momentum Returns
By Carina Cuculiza; University of Miami
   presented by: Carina Cuculiza, University of Miami

35. How Does Investor Protection Affect Innovation? Historical Evidence from Blue Sky Laws
By Huseyin Akkoyun; Northwestern University
   presented by: Huseyin Akkoyun, Northwestern University

36. Illuminating the Dark Side of Financial Innovation: The Role of Investor Information
By Manuel Ammann; University of St.Gallen
Marc Arnold; University of St.Gallen
Simon Straumann; University of St.Gallen
   presented by: Simon Straumann, University of St.Gallen

37. Information Spillovers and Cross Monitoring between the Stock Market and Loan Market:Evidence from Reg SHO
By Matthew Billett; Indiana University
Fangzhou Liu; Indiana University
Xuan Tian; Tsinghua University
   presented by: Fangzhou Liu, Indiana University

38. Innovative CEO-Directors
By Ning Gao; University of Manchester, UK
Ian Garrett; University of Manchester, UK
Yan Xu; University of Manchester, UK
   presented by: Yan Xu, University of Manchester, UK

39. Institutional Investors and Loan Dynamics: Evidence from Loan Renegotiations
By Ca Nguyen; University of Texas at San Antonio
   presented by: Ca Nguyen, University of Texas at San Antonio

40. Internal Rating Based Model, Bank Regulatory Arbitrage and Eurozone Crisis
By Cai Liu; University of Reading
   presented by: Cai Liu, University of Reading

41. International Spillovers of Monetary Policy to Asset Prices
By Hsuan Fu; Imperial College London
   presented by: Hsuan Fu, Imperial College London

42. It’s Always Sunny in Finland: Investment and Extrapolation from Cash Flow Growth
By Mikael Paaso; Aalto University
   presented by: Mikael Paaso, Aalto University

43. Liquidity Constraints and Customer Capital: Evidence from International Trade
By Paul Beaumont; Paris Dauphine University
   presented by: Paul Beaumont, Paris Dauphine University

44. Long-Term Passive Investors and Long CEO Compensation Duration: Evidence from Russell Index Threshold
By In Ji Jang; Texas A&M University
   presented by: In Ji Jang, Texas A&M University

45. Mean-Swap Variance_Portfolio Theory and Prospect Asset Pricing
By Victor Chow; West Virginia University
Zhan Wang; West Virginia University
   presented by: Zhan Wang, West Virginia University

46. Media News and Cross Industry Information Diffusion
By Li GUO; Singapore Management University
   presented by: Li GUO, Singapore Management University

47. Mortgage Choices in Equilibrium
By Esben Christensen; London Business School
   presented by: Esben Christensen, London Business School

48. Multi-family Cofounders and Firm Value
By So-Yeon Lim; Nanyang Technological University
   presented by: So-Yeon Lim, Nanyang Technological University

49. Mutual Fund Flows, Delayed Arbitrage, and Common Factors in Stock Returns
By Jiacui Li; Stanford University
   presented by: Jiacui Li, Stanford University

50. On Bank Business Models, Credit Supply, and House Prices: The Real Effects of Funding Shocks in Banking
By Kristian Blickle; University of St. Gallen
   presented by: Kristian Blickle, University of St. Gallen

51. One Security, Two Prices: Evidence on Stock Market Bubbles from the Shanghai-Hong Kong Stock Connect Program
By Shantaram Hegde; University of Connecticut
Jin Peng; University of Connecticut
   presented by: Jin Peng, University of Connecticut

52. Optimal Contracting in a Principal-Agent-Subagent Model
By Qing Liu; Boston University
   presented by: Qing Liu, Boston University

53. Option-Implied Correlations, Factor Models, and Market Risk
By Adrian Buss; INSEAD
Lorenzo Schoenleber; Frankfurt School of Finance and Management
Grigory Vilkov; Frankfurt School of Finance and Management
   presented by: Lorenzo Schoenleber, Frankfurt School of Finance and Management

54. Peer Pressure in Corporate Earnings Management
By Constantin Charles; University of Southern California
Markus Schmid; University of St. Gallen
Felix von Meyerinck; University of St. Gallen
   presented by: Constantin Charles, University of Southern California

55. Performance, Persistence, and Pay: A New Perspective on CTAs
By Ingomar Krohn; University of Warwick
Alexander Mende; RPM Risk and Portfolio Management
Michael Moore; University of Warwick
Vikas Raman; University of Warwick
   presented by: Ingomar Krohn, University of Warwick

56. Portfolio Pumping in Mutual Fund Families
By Pingle Wang; University of Rochester
   presented by: Pingle Wang, University of Rochester

57. Price Response to Factor Index Additions and Deletions
By Georgi Kyosev; Erasmus University Rotterdam
   presented by: Georgi Kyosev, Erasmus University Rotterdam

58. Product Market Competition and the Profitability Premium
By Yao Deng; University of Minnesota
   presented by: Yao Deng, University of Minnesota

59. Public Pensions and State Government Debt Spreads
By Chuck Boyer; University of Chicago
   presented by: Chuck Boyer, University of Chicago

60. Quantitative Easing and Equity: Evidence from the ETF Program of the Bank of Japan
By Andrea Barbon; Swiss Finance Institute
Virginia Gianinazzi; Università della Svizzera italiana
   presented by: Andrea Barbon, Swiss Finance Institute

61. Relationship Lending in Shadow Banking: Impacts of Financial Firms' Cross-Holding Relation in Money Market Funds
By Ai He; Emory University
   presented by: Ai He, Emory University

62. Sentimental Noise Trades and Stock Return Comovement
By Haohan Ren; The Chinese University of Hong Kong
   presented by: Haohan Ren, The Chinese University of Hong Kong

63. Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins
By Thorsten Beck; Cass Business School and CEPR
Samuel Da-Rocha-Lopes; European Banking Authority and Nova SBE
Andre Silva; Cass Business School
   presented by: Andre Silva, Cass Business School

64. Should Corporate Pension Funds Invest in Risky Assets?
By Wei Li; University of Iowa
Tong Yao; University of Iowa
Jie Ying; University of Iowa
   presented by: Jie Ying, University of Iowa

65. Strategic Patenting and Debt Financing
By Ailin Dong; Hong Kong University of Science and Technology
   presented by: Ailin Dong, Hong Kong University of Science and Technology

66. Structural Breaks in the Variance Process and the Pricing Kernel Puzzle
By Tobias Sichert; Goethe University Frankfurt
   presented by: Tobias Sichert, Goethe University Frankfurt

67. Textual Disclosure in SEC Filings and Litigation Risk
By Arup Ganguly; University of Pittsburgh
   presented by: Arup Ganguly, University of Pittsburgh

68. The Anatomy of Information Hierarchies: Evidence from Employee Reviews
By Jinfei Sheng; University of British Columbia
   presented by: Jinfei Sheng, University of British Columbia

69. The First Time in Private Equity: A Closer Look on Management Teams
By Florian Fuchs; University of St.Gallen
   presented by: Florian Fuchs, University of St.Gallen

70. The Impact of Financial Markets on Payout Policy: Evidence from Short Selling
By Bill Francis; Rensselaer Polytechnic Institute
Gilna Samuel; Rensselaer Polytechnic Institute
Qiang Wu; Rensselaer Polytechnic Institute
   presented by: Gilna Samuel, Rensselaer Polytechnic Institute

71. Complementarity of Passive and Active Investment on Stock Price Efficiency
By Youngmin Choi; Georgia Institute of Technology
   presented by: Youngmin Choi, Georgia Institute of Technology

72. The Shine of Star: The Effect of Star Analyst Title on Market Reaction to Financial Analysts' Stock Recommendations
By Runjing Lu; University of California, San Diego
   presented by: Runjing Lu, University of California, San Diego

73. The Term-Structure of Systematic Risk
By Nuno Clara; London Business School
   presented by: Nuno Clara, London Business School

74. Trade Induced Productivity Change and Asset Prices
By Ruchith Dissanayake; University of Alberta
   presented by: Ruchith Dissanayake, University of Alberta

75. Trading Complex Risks
By Felix Fattinger; University of Zurich
   presented by: Felix Fattinger, University of Zurich

76. What Causes Passive Hedge Funds to Become Activists?
By Marco Elia; Drexel University
   presented by: Marco Elia, Drexel University

77. When to Introduce Electronic Trading Platforms in Over-the-Counter Markets?
By Sebastian Vogel; Ecole Polytechnique Federale de Lausanne and Swiss Finance Institute
   presented by: Sebastian Vogel, Ecole Polytechnique Federale de Lausanne and Swiss Finance Institute

78. Why Can't CEOs Foresee a Crisis?
By Kaushalendra Kishore; University of Minnesota
   presented by: Kaushalendra Kishore, University of Minnesota

This program was last updated on 2018-01-03 16:06:28 EDT