Video Archives

Seminars 2019-20

01.11.2019
Paymon KHORRAMI, The University of Chicago
The Risk of Risk-Sharing: Diversification and Boom-Bust Cycles

11.10.2019
Anna OBIZHAEVA, New Economic School, Moscow
Dimensional Analysis, Leverage Neutrality, and Market Microstructure Invariance

01.10.2019
Antje BERNDT, Australian National University (ANU)
Dealer Inventory, Short Interest and Price Efficiency in the Corporate Bond Market

20.09.2019
Florian NAGLER, Bocconi University
Inventory Capacity and Corporate Bond Offerings

Seminars 2018-19

28.06.2019
Mitsuru IGAMI, Yale Department of Economics
Mergers, Innovation, and Entry-Exit Dynamics: Consolidation of the Hard Disk Drive Industry, 1996-2016
14.06.2019
Kenneth J. SINGLETON, Stanford University
Learning From Disagreement in the U.S. Treasury Bond Market

04.06.2019
Yufeng WU, University of Illinois
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation

24.05.2019
Dean CORBAE, University of Wisconsin–Madison
Capital Requirements in a Quantitative Model of Banking Industry Dynamics

17.05.2019
Emiliano PAGNOTTA, Imperial College, London
Bitcoin as Decentralized Money: Prices, Mining, and Network Security

10.05.2019
Narayana KOCHERLAKOTA, University of Rochester
Bounds on Price Setting

03.05.2019
Neeltje van HOREN, Bank of England
All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis

12.04.2019
Ron KANIEL, Simon School of Business, University of Rochester
Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts

05.04.2019
Jessica A. WACHTER, The Wharton School, University of Pennsylvania
“Superstitious” Investors

29.03.2019
Toni WHITED, Ross School of Business, University of Michigan
Information versus Investment

22.03.2019
Haoxiang ZHU, MIT
FinTech Disruption, Payment Data, and Bank Information

15.03.2019
Erwan QUINTIN, Wisconsin School of Business
Asset Quality Dynamics

08.03.2019
Filippo DE MARCO, Bocconi University
Banks as Patient Lenders: Evidence from a Tax Reform

22.02.2019
Maureen O’HARA, Cornell University
Innovation and informed trading: Evidence from industry ETFs

15.02.2019
Karin THOBURN, Norwegian School of Economics – NHH
Upfront Fees and Prepayment Risk in Bank Loans

01.02.2019
Denis GROMB, HEC Paris
Financial Restructuring and Resolution of Banks

25.01.2019
Marco PAGANO, University of Naples
Career Risk and Market Discipline in Asset Management

18.01.2019
Engjie AI, University of Minnesota
The Macroeconomics of Announcement Premium

14.12.2018

Nikolai ROUSSANOV, Wharton University
Marketing Mutual Funds
07.12.2018
Andrey GOLUBOV, Rotman School of Management, University of Toronto
The Run-Up in Acquirer
28.11.2018
Geoffrey TATE, University of Maryland
Friends during Hard Times: Evidence from the Great Depression
16.11.2018
Alberto ROSSI, University of Maryland
Machine Learning, Asset Pricing and FinTech

02.11.2018

Antonio FALATO, Federal Reserve Bank
Bank Risk-Taking and the Economy: Evidence from the Housing Boom and its Aftermath Real

Seminars 2017-18

11.06.2018
Oleg ITSKHOKI, Princeton University
Exchange Rate Disconnect in General Equilibrium
08.06.2018
Kenneth AHERN, USC Marshall School of Business
Do Proxies for Informed Trading Measure Informed Trading? Evidence from Illegal Insider Trades.
01.06.2018
Monika PIAZZESI, Stanford University
Payments, Credit and Asset Prices
18.05.2018
Frederico BELO, University of Minnesota
Decomposing Firm Value
27.04.2018
Nadya MALENKO, Boston College
Proxy Advisory Firms: The Economics of Selling Information to Voters
20.04.2018
Igor MAKAROV, London School of Economics
Trading and Arbitrage in Cryptocurrency Markets
20.04.2018
Benjamin HOLCBLAT, University of Luxembourg
On the Empirical Saddlepoint Approximation with Application to Asset Pricing
16.03.2018
Amiyatosh PURNANANDAM, University of Michigan
Color and Credit: Race, Regulation, and the Quality of Financial Services
09.03.2018
Frédéric MALHERBE, London Business School
A positive analysis of bank behaviour under capital requirements
02.03.2018
Michael SCHWERT, Ohio State University
Is Borrowing from Banks More Expensive than Borrowing from the Market?
22.01.2018
Robert KOSOWSKI, Imperial College London
Market Closure and Short-Term Reversal
01.12.2017
Andrei KIRILENKO, Imperial College London
Speculative Floating Oil
24.11.2017
Andreea MINCA, Cornell University
Dynamic Leveraging-Deleveraging Games
10.11.2017
Jessica JEFFERS, University of Chicago
The Impact of Restricting Labor Mobility on Corporate Investment and Entrepreneurship
27.10.2017
Francesca CORNELLI, London Business School
Team Stability and Performance: Evidence from Private Equity
06.10.2017
Lu ZHANG, Ohio State University
Does the Investement Model Explain Value and Momentum Simultaneously?
29.09.2017
Christopher HENNESSY, London Business School
Markets versus Mechanisms
22.09.2017
Ashwini AGRAWAL, London School of Economics
Employee Job Search during Mergers and Acquisitions

08.09.2017
Stefan NAGEL, Chicago Booth
Shrinking the Cross Section

Seminars 2015-16

11.09.2015
Espen ECKBO, Tuck School of Business, Dartmouth
Are stock-financed takeovers optimistic

18.09.2015
David YERMACK, NYU
Donor Governance and Financial Management in Prominent U.S. Art Museums

25.09.2015
Neng WANG, Columbia University
A theory of liquidity and risk management

02.10.2015
Nina BOYARCHENKO, Federal Reserve Bank of New York
Will Intermediate for Data: Information Sharing in U.S. Treasury Auctions

09.10.2015
Yuliy SANNIKOV, Princeton
Dynamic Trading: Price Inertia, Front-Running and Relationship Banking

16.10.2015
Giovanni BARONE ADESI, Università della Svizzera italiana
Sentiment, Risk Aversion, and Time Preference

30.10.2015
Brian WELLER, Northwestern Kellogg
Measuring Tail Risks in Real Time

06.11.2015
Grigory VILKOV, Frankfurt School of Finance & Management
Non-Myopic Betas

13.11.2015
William FUCHS, Berleley
Information Spillovers in Asset Markets with Correlated Values

20.11.2015
John Yiran ZHU, Wharton
Refinance

04.12.2015
Suresh SUNDARESAN, Columbia
Bank Liability structure

19.02.2016
Martin Oehmke, Columbia
Bank Resolution and the Structure of Global Banks

4.03.2016
Francisco GOMES, London Business School
Expenditures and financial well-being

11.03.2016
Maryam FARBOODI, Princeton
Meeting technologies in asset markets

18.03.2016
Brendan DALEY, Duke
News, Competition and Trade Dynamics

22.03.2016
Alexi SAVOV, NYU
The Deposits Channel of Monetary Policy

22.03.2016
Sascha STEFFEN, ESMT
Zero Risk Contagion – Banks’ Sovereign Exposure and Sovereign Risk Spillovers

22.03.2016
Juliane BEGENAU, Harvard
Financial Regulation in a Quantitative Model of the Modern Banking System

22.03.2016
Lin William CONG, Chicago Booth
Intervention Policy in a Dynamic Environment: Coordination and Learning

22.03.2016
Vikrant VIG, LBS
The Political Economy of Bank Bailouts

22.03.2016
Vojislav MAKSIMOVIC, University of Maryland
Fewer but Smarter? Human Capital, Finance, and Entrepreneurial Success

22.03.2016
Hanno LUSTIG, Stanford
Firm Size Inequality, Inter-Firm Compensation Inequality and National Income Accounting When Firms Insure Workers

22.03.2016
Viral ACHARYA, NYU
Whatever it takes: The Real Effects of Unconventional Monetary Policy

 Seminars 2014-15

05.09.2014
Alon BRAV, Duke University
The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Industry Concentration

12.09.2014
Nikolaus HAUTSCH, University of Vienna
The Hidden Side of the Market

19.09.2014
Barney HARTMAN-GLASER, UCLA
Cash and Dynamic Agency

26.09.2014
Philipp SCHNABL, NYU Stern
Who Borrows from the Lender of Last Resort?

03.10.2014
Augustin LANDIER, Toulouse School of Economics, France
The (ir)resistible rise of agency rents

24.10.2014
Hui CHEN, MIT
Measuring the “Dark Matter” in Asset Pricing Models

31.10.2014
Vito Gala, LBS
Measuring marginal q

6.11.2014
Albert KYLE, University of Maryland
Smooth Trading with Overconfidence and Market Power

14.11.2014
Andrea GAMBA, University of Warwick
How Effectively Can Debt Covenants Alleviate Financial Agency Problems?

20.11.2014
Phil DYBVIG, Washington University in St. Louis
Tobin’s q Does Not Measure Firm Performance: Theory, Empirics, and Alternatives

21.11.2014
Oguzhan KARAKAS, Carroll School of Management, Boston College
The Value of Creditor Control in Corporate Bonds

12.12.2014
Chester SPATT, Carnegie Mellon University
A solution to the 3com/Palm puzzle

09.01.2015
Mao YE, University of Illinois
Two-Sided Markets, Make-Take Fees and Competition between Stock Exchanges

16.01.2015
Enrique SCHROTH, Cass Business School
Debt Renegotiation and Investment Decisions Across Countries

13.02.2015
Konstantin MILBRADT, Northwestern University
Dynamic Debt Maturity

20.02.2015
John RUST, University of Maryland
Precommitments for Financial Self-Control: Evidence Before and After the 2003 Korean Credit Crisis

07.03.2015
Benjamin LESTER, Federal Reserve of Philadelphia
Competing with Asking Prices

27.03.2015
Ilya STREBULAEV, Stanford University
Natural Experiment Policy Evaluation: A Critique

17.04.2015
Alberto PLAZZI, USI
Libor Manipulation: Cui Bono?

20.04.2015
Kai LI, University of British Columbia
National Culture, Corporate Governance

24.04.2015
Luke TAYLOR, Wharton School
Intangible Capital and the Investment-q Relation

26.05.2015
Yuhai XUAN, Harvard Business Schoo)
The Contract Year Phenomenon in the Corner Office: An Analysis of Firm Behavior During CEO Contract Renewals

05.06.2015
Shiyang HUANG, London School of Economics
Delegated information acquisition and asset pricing

12.06.2015
Raman UPPAL, EDHEC Business School
Where experience matters: Asset allocation and asset pricing with opaque and illiquid assets

Seminars 2013-14

20.09.2013
Ernst Maug, University of Mannheim
Labor representation in governance as an insurance mechanism

27.09.2013
Leonid Kogan, MIT Sloan
Technological Innovation: Winners and Losers

04.10.2013
Grigory VILKOV, Goethe University
Asymmetric Volatility Risk: Evidence from Option Markets

11.10.2013
Timothy J. McQUADE, Stanford GSB
Stochastic Volatility and Asset Pricing Puzzles

18.10.2013
Jennifer LA’O, Columbia University
A Traffic Jam Theory of Recessions

25.10.2013
Kris JACOBS, University of Houston
The Factor Structure in Equity Options

08.11.2013
Per STROMBERG, Stockholm School of Economics
Private Equity and the Resolution of Financial Distress

12.11.2013
Giovanni FAVARA, Washington Fed.
Mortgage Market Concentration, Foreclosures and House Prices

15.11.2013
Haoxiang ZHU, MIT Sloan
Dynamic Information Asymmetry, Financing, and Investment Decisions

22.11.2013
Elyès JOUINI, Universite Paris-Dauphine
Corporate governance and shareholders heterogeneity: A general equilibrium approach

29.11.2013
Jean-Edouard COLLIARD, European Central Bank.
Cash providers: asset dissemination over intermediation chain

06.12.2013
Jacob BOUDOUKH, IDC Herzliya
Which News Moves Stock Prices? A Textual Analysis

17.01.2014
Dalida KADYRZHANOVA, University of Maryland
Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut

31.01.2014
Felipe VARAS, Duke University
The timing and frequency of corporate disclosures

14.02.2014
Patrick CHERIDITO, Princeton
Measuring and allocating systemic risk

21.02.2014
Xavier VIVES, University of Navarra
Expectations, Liquidity, and Short-term Trading

28.02.2014
Vincent GLODE, Wharton
Adverse Selection and Intermediation Chains

07.03.2014
Peter DE MARZO, Stanford GSB
Risking Other People’s Money: Gambling, Limited Liability, and Optimal Incentives

14.03.2014
S. Vish VISWANATHAN, Duke University
Financial Intermediary Capital

21.03.2014
Xavier GIROUD, MIT
The Impact of Venture Capital Monitoring: Evidence from a Natural Experiment

11.04.2014
Yakov AMIHUD, NYU Stern
The Pricing of the Illiquidity Factor’s Systematic Risk

28.04.2014
Anat ADMATI, Stanford GSB
The Leverage Ratchet Effect

05.05.2014
Peter CHRISTOFFERSEN, University of Toronto
Dynamic Dependence and Diversification in Corporate Credit

08.05.2014
Lorenzo GARLAPPI, University of British Columbia
Market Power and Capital Flexibility: A New Perspective on the Pricing of Technology Shocks

23.05.2014
Brett GREEN, UC Berkeley
Adverse Selection, Slow Moving Capital and Misallocation

29.05.2014
Geert BEKAERT, Columbia Business School
Asset Return Dynamics under Bad Environment-Good Environment Fundamentals

06.06.2014
Mikhail GOLOSOV, Princeton University
Taxes, debts, and redistributions with aggregate shocks

13.06.2014
Ralph KOIJEN, London Business School
Shadow Insurance

Seminars 2012-13

21.09.2012
Darrell Duffie, Stanford University Graduate School of Business
Measuring corporate default risk premia 2000–2010

28.09.2012
Elias Albagli, University of Southern California, Marshall School of Business
Investment horizons and asset prices under asymmetric information

05.10.2012
Jin Chuan DUAN, National University of Singapore
Corporate Default Prediction and Designing the RMI Coporate Vulnerability Index

05.10.2012
Brent GLOVER, Carnegie Mellon University, Tepper School of Business
Idiosyncratic Risk and the Manager

26.10.2012
Konstantinos E. ZACHARIADIS, London School of Economics
The Impact of Security Trading on Corporate Restructurings

16.11.2012
Anastasia KARTASHEVA, Bank for International Settlements
Precision of Ratings

23.11.2012
Yaniv GRINSTEIN, Cornell University, Johnson Graduate School of Management
Good Monitoring, Bad Monitoring

07.12.2012
Ian Martin, Stanford GSB and LSE
Simple variance swaps

14.12.2012
François Degeorge, University of Lugano and SFI
Is the rise of secondary buyouts good news for investors?

21.12.2012
Alex Edmans, Wharton School, University of Pennsylvania
Financing through asset sales

18.01.2013
Evgeny LYANDRES, Boston University
What determines investment and operating strategies of public and private firms: Theory and Evidence

25.01.2013
Paolo GHIRARDATO, University of Torino
Ambiguity in the small and in the large (download pdf)

01.02.2013
Sergei Tsyplakov, University of Southern Carolina
The incentive effects of contingent capital

08.02.2013
Miguel FERREIRA, Nova School of Business and Economics, Lisbon
Equity Lending, Investment Restrictions and Fund Performance

15.02.2013
Daniel PARAVASINI, London School of Economics
The information and agency effects of scores: Randomized evidence from credit committees

22.02.2013
Natalie Moyen, University of Colorado
Corporate Cash Holdings and Credit Line Usage

01.03.2013
Christopher Hennessy, London School of Economics
Demand-Based Security Design

08.03.2013
Andrew KAROLYI, Cornell University, Johnson Graduate School of Management
Regulatory arbitrage and cross-border bank acquisitions

15.03.2013
Sebastian GRYGLEWICZ, Erasmus University Rotterdam
Dynamic Agency and Real Options

22.03.2013
Darren KISGEN, Boston College
The Real and Financial Effects of Credit Ratings: Evidence from Moody’s Adjustments

12.04.3013
Margarita TSOUTSOURA, The University of Chicago, Booth School of Business
Tax Evasion across Industries: Soft Credit Evidence from Greece

17.05.2013
Andrea Eisfeldt, UCLA
Measuring the Financial Soundness fo US Firms 1926-2012

Seminars 2019-20