Division of Risk, Strategy, and Financial Innovation
Outside Perspectives and Academic Seminar Speaker Series (from Fall 2006)
Spring 2013
May 9, Academic Seminar
Tracy Wang, University of Minnesota
Paper: TBA
May 2, Academic Seminar
Bo Becker, Harvard
Paper: TBA
April 18, Academic Seminar
Breno Schmidt, Emory
Paper: TBA
April 11, Academic Seminar
Jesse Blocher, Vanderbilt
Paper: TBA
April 4, Academic Seminar
Harrison Hong, Princeton
Paper: TBA
March 21, Academic Seminar
Mao Ye, University of Illinois
Paper: TBA
March 14, Academic Seminar
Jonathan Berk, Stanford
Paper: TBA
March 7, Academic Seminar
Kumar Venkataraman, Southern Methodist University
Paper: TBA
Fall 2012
December 13, Academic Seminar
Isil Erel, The Ohio State University
Paper: Why Did Holdings of Highly-Rated Securitization Tranches Differ So Much Across Banks?
December 12, Outside Perspectives
Ethan Mollick, University of Pennsylvania
Topic: The Dynamics of Crowdfunding
December 6, Academic Seminar
Vikas Agarwal, Georgia State University
Paper: Managerial Multitasking in the Mutual Fund Industry
November 29, Academic Seminar
Christine Parlour, University of California - Berkeley
Paper: Banks and Settlement
November 8, Academic Seminar
Brian Bushee, University of Pennsylvania - Wharton
Paper: Do Investors Benefit from Selective Access to Management?
October 25, Outside Perspectives
John Core, Massachusetts Institute of Technology
Topic: Is U.S. CEO Compensation Broken?
October 5, Outside Perspectives
John Julsman, Hulsman Enterprises
Topic: A Discussion of the European Financial Crisis
October 4, Academic Seminar
Michael Weisbach, University of Illinois Urbana-Champaign
Paper: Syndicated Loan Spreads and the Composition of the Syndicate
September 26, Academic Seminar
Brian Henderson, George Washington University
Paper: New Evidence on the Financialization of Commodity Markets
September 13, Academic Seminar
Antje Berndt, Carnegie Mellon University
Paper: What Broker Charges Reveal about Mortgage Credit Risk
September 6, Academic Seminar
Mahendrarajah Nimalendran, University of Florida
Paper: Informational Linkages Between Dark and Lit Trading Venues
Summer 2012
August 2, Academic Seminar
Rachna Prakash, Georgetown University
Paper: Relaxing the Reconciliation Requirement in Non-U.S. Firms' SEC Filings: Firm Incentives and Changes in Earnings Informativeness
July 19, Academic Seminar
Vladimir Atanasov, College of William & Mary
Paper: Liquidity and Value in the Deep vs. Shallow Ends of Mortgage-Backed Securities Pools
June 29, Outside Perspectives
Gary Gorton, Yale University
Topic: Shadow Banking and the Financial Crisis
June 14, Academic Seminar
Dragon Tang, University of Hong Kong
Paper: Rating Shopping or Catering? An Examination of Competition for CDO Credit Ratings
Spring 2012
May 24, Academic Seminar
Darren Roulstone, Ohio State University
Paper: The Informativeness of Stale Financial Disclosure
May 17, Academic Seminar
Nagpurnanand R. Prabhala, University of Maryland
Paper: CEO-Director Connections and Corporate Fraud: Not just whether you are connected but how
May 8, Academic Seminar
George Aragon, Arizona State University
Paper: Strategic Delays and Clustering in Hedge Fund Reported Returns
May 2, Academic Seminar
Burton Hollifield, Carnegie Mellon
Paper: Bid-Ask Spreads and the Pricing of Securitizations: 144a vs. Registered Securitizations
April 19, Academic Seminar
Pradeep Yadav, University of Oklahoma
Paper: Behind the Veil: Informed Traders and Pre-Trade Opacity
Fall 2011
December 15, Academic Seminar
Carol Marquardt, Baruch College
Paper: A Lobbying Approach to Evaluating the Whistleblower Provisions of the Dodd-Frank Reform Act of 2010
December 8, Academic Seminar
Debbie Lucas, Massachusetts Institute of Technology
Paper: Evaluating the Government as a Source of Systemic Risk
December 1, Academic Seminar
Andrew Cohen, Federal Reserve Board
Paper: Rating Shopping in the CMBS Market
November 17, Academic Seminar
Dan Li, Federal Reserve Board
Paper: Dealer Networks
November 10, Academic Seminar
Phil Strahan, Boston College
Paper: Are all ratings created equal? The impact of issuer size on the pricing of mortgage-backed securities
November 3, Academic Seminar
Chengyang Wei, New York Fed
Paper: The Private Premium in Public Bonds
October 25, Academic Seminar
Mark J. Ready, University of Wisconsin-Madison
Paper: Determinants of volume in dark pools
October 24, Academic Seminar
Jerry Hoberg, University of Maryland
Paper: Redefining Financial Constraints: A Text-Based Analysis
October 13, Academic Seminar
Ron Masulis, University of New South Wales
Paper: Order Imbalances around Seasoned Equity Offerings
October 12, Outside Perspectives
Jordan Seigel, Harvard University
Topic: What Makes the Bonding Stick? A Natural Experiment Involving the Supreme Court and Cross-Listed Firms
October 6, Academic Seminar
Paul Tetlock, Columbia University
Paper: Asset Pricing in the Dark: The Cross Section of OTC Stocks
September 29, Outside Perspectives
Christian Leuz, University of Chicago
Topic: Disclosure-related
September 21, Academic Seminar
Andrew Karolyi, Cornell University
Paper: The U.S. left behind? Financial globalization and the rise of IPO activity around the world
September 1, Academic Seminar
Toni Whited, University of Rochester
Paper: Equity Market Misvaluation and Firm Financial Policies
August 30, Academic Seminar
Michael Schill, Darden School of Business
Paper: The Nature of the Foreign Listing Premium: A Cross-Country Examination
August 24, Academic Seminar
Sheridan Titman, University of Texas at Austin
Paper: Testing Factor-Model Explanations of Market Anomalies
Summer 2011
July 21, Academic Seminar
Fei Xei, George Mason University
Paper: Managerial ownership of debt and bank loan contracting
July 14, Academic Seminar
Korok Ray, Georgetown University
Paper: Sorting effects of performance pay
Spring 2011
May 26, Academic Seminar
Slava Fos, Columbia University
Paper: The Disciplinary Effects of Proxy Contests
May 19, Academic Seminar
Ital Goldstein, Wharton Business School
Paper: The Real Effects of Financial Markets: The Impact of Prices on Takeovers
May 12, Outside Perspectives
Maureen O'Hara, Cornell University
Paper: Flow toxicity, liquidity crashes and the Probability of Informed Trading
April 28, Academic Seminar
Darius Miller, Southern Methodist University
Paper: Uninvited U.S. investors? Economic consequences of involuntary cross-listings
April 19, Academic Seminar
Craig Brown, National University of Singapore
Paper: Campaign Contributions and Government Security Issuance: Evidence from State Bond Pricing
April 4, Academic Seminar
Gennaro Bernille, University of Miami
Paper: Financial Regulation, Information Environment, and Local Investors
March 24, Academic Seminar
Stuart Gillan, Texas Tech University
Paper: On the Optimality of Shareholder Control: Evidence from the Dodd-Frank Financial Reform Act
March 17, Academic Seminar
Roni Michaely, Cornell University
Paper: Corporate Governance and the Timing of Earnings Announcements?
March 3, Academic Seminar
Reena Aggarwal, Georgetown University
Paper: Does Proxy Voting Affect the Demand and/or Supply for Securities Lending?
February 25, Academic Seminar
Raghu Rau, University of Cambridge
Paper: Does Executive Compensation Translate into Future Stock Price Performance?
February 17, Outside Perspectives
Merritt Fox, Columbia Law School
Paper: The Effectiveness of Mandatory Disclosure: an Empirical Test of the Line of Business Regulations
February 1, Academic Seminar
Jake Thornock, University of Washington
Paper: Googling for Information around Earnings Announcements
Fall 2010
December 7, Academic Seminar
Jess Corniaggia, Indiana University
Paper: Why are Credit Ratings Useful?
December 2, Academic Seminar
Daniel Bergstresser, Harvard University
Paper: Fractionalization and the municipal bond market
November 17, Academic Seminar
Mark Mitchell, CNH Partners
Paper: Arbitrage Crashes and the Speed of Capital
November 11, Academic Seminar
Jonathan Karpoff, University of Washington
Paper: Bribery: Business as usual?
November 2, Academic Seminar
Terrance Odean, University of California, Berkeley
Paper: Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold
October 7, Academic Seminar
Mara Faccio, Purdue University
Paper: Large shareholder diversification and corporate risk-taking
September 9, Academic Seminar
John Harold Mulherin, University of Georgia
Paper: Conflicts of Interest in Corporate Control Transactions: The Role of the Independent Special Committee
September 1, Academic Seminar
Krishna Kamath, Wharton Business School
Paper: Match-making and Rent-seeking: An Empirical Analysis of Mergers of Venture-backed Companies
Summer 2010
August 9, Academic Seminar
Chris Clifford, University of Kentucky
Paper: Out of the Dark: Hedge Fund Reporting Biases and Commercial Databases
August 3, Academic Seminar
Laura Tuttle, American University of Sharjah
Paper: Paying Attention: Overnight Returns and the Hidden Cost of Buying at the Open
July 29, Academic Seminar
Christo Pirinsky, George Washington University
Paper: Competition and Fees in the Mutual Fund Industry
June 4, Outside Perspectives
John Griffin, University of Texas at Austin
Paper: Did Subjectivity Play a Role in CDO Credit Ratings?
Spring 2010
May 13, Outside Perspectives
Andrew Metrick, Chief Economist, President’s Council of Economic Advisers and Yale University; and Sanjai Bhagat, University of Colorado
Topic: corporate governance ratings
May 6, Academic Seminar
Clara Vega, Federal Reserve Board
Paper: Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market
April 29, Outside Perspectives
Frank Hatheway, Chief Economist, Claude Courbois, Managing Economist, Director of Research, and Nick Hirschey, NASDAQ
Topic: high frequency trading on NASDAQ
April 27, Outside Perspectives
John Morrall, Former Deputy Administrator for OIRA; Richard Williams, Managing Director, Regulatory Studies Program, Mercatus Center, George Mason University; and Michael Livermore, Executive Director, Institute for Policy Integrity, NYU School of Law
Topic: economic analysis in federal rulemaking
April 15, Academic Seminar
Pam Moulton, Fordham University
Paper: The Role of Market Design in Alleviating Attention Constraints
April 1, Outside Perspectives
Robert Shiller, Yale University
Paper: The Case for Trills Giving the People and Their Pension Funds a Stake in the Wealth of the Nation
March 18, Academic Seminar
Richard Green, Carnegie-Mellon University
Paper: Financial Expertise as an Arms Race
March 11, Academic Seminar
Lauren Cohen, Harvard Business School
Paper: Hiring Cheerleaders: Board Appointments of "Independent" Directors
March 4, Academic Seminar
Gustavo Suarez, Federal Reserve Board
Paper: Securitization Without Risk Transfer
February 22, Outside Perspectives
Adam Ashcraft, Federal Reserve Bank of New York
Topic: asset-backed securities
February 9, Outside Perspectives
Sean Dobson and Laurie Goodman,, Amherst Securities
Topic: mortgage markets
January 7, Outside Perspectives
Ian Domowitz, Milan Borkovec, and Kevin O’Connor, Investment Technology Group (ITG)
Topic: measuring the price impact of stock trading
Fall 2009
December 10
Anna Scherbina, UC Davis
December 3, Outside Perspectives
Juhani Linnainmaa, The University of Chicago’s Booth School of Business
Topic: investor characteristics and stock market participation
December 3
Mike Lemmon, University of Utah
November 19
Heather Tookes, Yale University
November 10, Outside Perspectives
Sal L. Arnuk, Themis Trading
Topic: high frequency trading
November 5, Outside Perspectives
Jeffrey Blockinger, Chief Legal Officer, Och-Ziff Capital Management Group; Thomas Fritsch, General Counsel, Plainfield Asset Management LLC; and Edward McNamara, General Counsel, Plainfield Direct, Inc.
Topic: hedge fund compliance
October 29
Chester Spatt, Carnegie Mellon University
October 13
Robin Lumsdaine, American University
October 1
Jennifer Huang, University of Texas
September 24
Myron Slovin, HEC - Paris
September 17
Simon Gervais, Duke University
September 9
Markus Brunnermeier, Princeton University
Summer 2009
Andrei Kirilenko, CFTC
Sophie Shive, University of Notre Dame
Fabrizio Ferri, Harvard University
David Reeb, Temple University
Avri Ravid, Rutgers University
Lee Pinkowitz, Georgetown University
James Vickrey, New York Fed
Spring 2009
Srinivasan Sankaraguruswamy, National University of Singapore
Kose John, New York University
Milton Harris, University of Chicago
Russ Wermers, University of Maryland
Malcolm Baker, Harvard University
Jennifer Carpenter, New York University
Fall 2008
Jay Dahya, Baruch College/CUNY
Brad Barber, UC Davis
Alex Frino, University of Sydney
Antonio Falato, Federal Reserve Board
Alex Edmans, University of Pennsylvania
Christopher Yung, University of Colorado
Summer 2008
Anna Obizhaeva, University of Maryland
Gerard Hoberg, University of Maryland
Kumar Venkataraman, Southern Methodist University
Jim Hsieh, George Mason University
Ugur Lel, Federal Reserve Board
Gjergji Cici, William and Mary
Spring 2008
Jack Cooney, Texas Tech University
Otto Van Hemert, New York University
Harold Mulherin, University of Georgia
Laura Starks, University of Texas
Lalitha Naveen, Temple University
Fall 2007
Victoria Ivashina, Harvard University
Richard Evans, University of Virginia
Andrew Karolyi, Ohio State University
Mila Getmansky, UMass - Amherst
Mark Mitchell, CNH Partners
Justin Wolfers, University of Pennsylvania
Spring 2007
Ulrike Malmendier, University of California, Berkeley Department of Economics
Pete Kyle, University of Chicago
Gregory Duffee, University of California, Berkeley
Luigi Zingales, University of Chicago
Gary Gorton, University of Pennsylvania Wharton School of Business
Alon Brav, Duke University
JB Heaton, Bartlit, Beck, Herman, Palenchar and Scott, LLP
Fall 2006
Alexander Ljungqvist, New York University
Robert Engle, New York University
Burton Hollifield, Carnegie Mellon University
Jonathan Berk, University of California, Berkeley
Terry Hendershott, University of California, Berkeley
Michael Brennan, University of California, Los Angeles and London School of Business
http://www.sec.gov/divisions/riskfin/rfoutsideperspectives.shtml
