Arison School of Business
The 12th Annual Conference in Financial Economics Research, by Eagle LabsFounded by the Rothschild Caesarea Foundation

Sunday-Monday, 17-18 May, 2015

The Arison School of Business, Interdisciplinary Center (IDC), Herzliya                         
                                                                                                                               

Conference Co-Organizers:
Jacob Boudoukh ​ Arison School of Business, IDC​
Yaniv Grinstein​ ​Arison School of Business, IDC
Johnson Graduate School of Management, Cornell University

Shimon Kogan

Arison School of Business, IDC
McCombs School of Business, University of Texas at Austin
                                                                                                                               
partial funding received from the European Research Council under the European Union's Seventh Framework Programme (FP7/2007-2013) / ERC Grant Agreement no. [312842].
 
Sunday, 17 May 2015
Location: Room SL402, Radzyner-Sustainability Building, IDC Herzliya Campus
08:30 Registration and coffee
09:00 Greetings: Professor Zvi Eckstein, Dean of the Arison School of Business & Tiomkin School of Economics, IDC Herzliya
09:15
Day 1 Session 1 - "Delegated monitoring"

Session chair:
Ron Kaniel, Simon School of Business, University of Rochester

"Adverse Selection and Intermediation Chains"  
Vincent Glode, Wharton school, University of Pennsylvania
Christian Opp, Wharton school, University of Pennsylvania

Discussant: Victoria Vanasco, Stanford Graduate School of Business

"Leverage Constraints and Asset Prices: Insights from Mutual Fund Risk Taking"
Oliver Boguth, W. P. Carey School of Business, Arizona State University
Mikhail Simutin, Rotman School of Management, University of Toronto

Discussant: Andrea Frazzini, AQR Capital Management
 
 
 
 
 
  
10:45 Coffee Break
11:15 Day 1 Session 2 - "Delegated monitoring"

Session chair: James Schallheim, University of Utah

"Loss Averse Preferences, Performance, and Career Success of Institutional Investors"
Andriy Bodnaruk, Mendoza College of Business, University of Notre Dame
Andrei Simonov, Eli Broad College of Business, Michigan State University
 
Discussant: Tyler Shumway, Ross School of Business, University of Michigan

"Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market”
Giovanni Favara, Board of Governors of the Federal Reserve System
Mariassunta Giannetti, Stockholm School of Economics
 
Discussant: Uday Rajan, Stephen M. Ross School of Business, University of Michigan
12:45
Lunch
13:45
Day 1 Session 3

Session chair:
Abraham Ravid, Yeshiva University
 
"Comparative Advantage and Specialization in Bank Lending”
Daniel Paravisini, London School of Economics
Veronica Rappoport, London School of Economics
Philipp Schnabl, Leonard N. Stern School of Business, NYU

Discussant: Nicola Gennaioli, Bocconi University

"Debt Restructuring Costs and Firm Bankruptcy: Evidence from CDS Spread"
Murillo Campello, Johnson Graduate School of Management, Cornell University
Tomislav Ladika, University of Amsterdam
Rafael Matta, University of Amsterdam

Discussant: Jarrad Harford, Foster School of Business, University of Washington 
 
 
 
 
 
 
 
 
 
 
19:15
​Dinner
                                                                                                                                     

Monday, 18 May 2015
Location: Room SL402, Radzyner-Sustainability Building, IDC Herzliya Campus
08:30 Coffee
09:00
Day 2 Session 1

Session chair: Yakov Amihud, Leonard N. Stern School of Business, NYU

"Liquidity, Innovation, and Endogenous Growth"
Semyon Malamud, Swiss Finance Institute at EPFL
Francesca Zucchi, Swiss Finance Institute at EPFL

Discussant:
Lukas Schmid, Fuqua School of Business, Duke University

"Information Architecture and Intertemporal Choice: A Randomized Field Experiment in the United States"
Yaron Levi, Anderson School of Management, UCLA

Discussant: Juhani Linnainmaa, The University of Chicago Booth School of Business
10:30 Coffee​ Break​
11:00 Day 2 Session 2

Session chair:
Nittai Bergman, MIT Sloan School of Management

"Credit-Induced Boom and Bust"
Marco Di Maggio, Columbia Business School
Amir Kermani, Haas School of Business, University of California - Berkeley

Discussant: Jacob Sagi, Kenan-Flagler Business School, UNC at Chapel Hill

"Playing it Safe? Managerial Preferences, Risk, and Agency Conflicts"
Todd Gormley, Wharton school, University of Pennsylvania
David Matsa, Kellogg school of management, Northwestern University

Discussant: Ernst Maug, Mannheim Business School, University of Mannheim
12:30
Lunch
13:30​
Day 2 Session 3

Session chair: Jaime Zender, Leeds School of Business, University of Colorado Boulder

"Expected inflation and other determinants of Treasury yields"

Gregory Duffee, Zanvyl Krieger School of Arts & Sciences, Johns Hopkins University

Discussant: Anh Le, Kenan-Flagler Business School, UNC at Chapel Hill

"Prospect Theory and Stock Returns: An Empirical Test"
Nicholas Barberis, Yale School of Management
Abhiroop Mukherjee, Hong Kong University of Science and Technology
Baolian Wang, Fordham University

Discussant: Keith Vorkink, Marriott School, Brigham Young University
15:00
Closing Ceremony
Best Paper Award
Best Discussant Award
Closing reception


16:30 - 19:30          Annual Quantitative Trading Symposium

Academic organizer – Shimon Kogan


Paper Selection Committee Members:

Yakov Amihud (New York University), Itzhak Ben David (The Ohio State University), Effi Benmelech (Northwestern University), Nittai Bergman (Massachusetts Institute of Technology), Alon Brav (Duke University), David De Angelis (Rice University), Francois Degeorge (University of Lugano), François Derrien (HEC Paris), Ran Duchin (University of Washington), Alex Edmans (University of Pennsylvania), Joseph Engelberg (University of California, San Diego), Eliezer Fich (Drexel University), Vyacheslav Fos (University of Illinois at Urbana-Champaign), Francesco Franzoni (University of Lugano ), Diego Garcia (UNC at Chapel Hill), Jie Gan (Cheung Kong Graduate School of Business), Simon Gervais (Duke University), Xavier Giroud (Massachusetts Institute of Technology), Itay Goldstein (University of Pennsylvania), Todd Gormley (University of Pennsylvania), Vidhan Goyal (Hong Kong University of Science and Technology), Gustavo Grullon (Rice University), Yael Hochberg (Northwestern University), Johan Hombert (HEC Paris), Victoria Ivashina (Harvard University), Marcin Kacperczyk (Imperial College London), Ohad Kadan (Washington University in St. Louis), Dalida Kadyrzhanova (University of Maryland), Bige Kahraman (Stockholm School of Economics), Ron Kaniel (University of Rochester & IDC Herzliya), Hyunseob Kim (Cornell University), Yelena Larkin (Penn State University), Anh Le (UNC at Chapel Hill), Mark Leary  (Washington University in St. Louis), Juhani Linnainmaa (University of Chicago), Roger Loh (Singapore Management University), Evgeny Lyandres (Boston University & IDC Herzliya), David Matsa (Northwestern University), Semyon Malamud (Ecole Polytechnique Fédérale de Lausanne), Asaf Manela (Washington University in St. Louis), Ernst Maug (University of Mannheim), Prabhala Nagpurnanand (University of Maryland), Alessandro Previtero (University of Western Ontario), Uday Rajan (University of Michigan), Adriano Rampini (Duke University), Michael Roberts (University of Pennsylvania), Stefano Rossi (Purdue University), Amir Rubin (Simon Fraser University), Jacob Sagi (UNC at Chapel Hill), David Scharfstein (Harvard University), Martin Schmalz (University of Michigan), Christoph Schneider (University of Mannheim), Kelly Shue (University of Chicago), Clemens Sialm (University of Texas at Austin), Elena Simintzi (University of British Columbia), Denis Sosyura (University of Michigan), Oliver Spalt (Tilburg University), David Sraer (Princeton University ), Neal Stoughton (WU-Vienna University of Economics and Business), Lucian Taylor (University of Pennsylvania), Margarita Tsoutsoura (University of Chicago), Michela Verardo (London School of Economics), Avi Wohl (Tel Aviv University), Kent Womack (University of Toronto), Josef Zechner (WU-Vienna University of Economics and Business), Jaime Zender (University of Colorado).