PROGRAM 3 :  capital markets

 
 
24
MAY
2013
Friday

8:30 am - 10:30 am
Session 1
Defined Contribution Pension Plans: Sticky or Discerning Money?

Clemens Sialm (University of Texas at Austin)
Laura Starks (University of Texas at Austin)
Hanjiang Zhang (Nanyang Technological University)

Discussant:
Stephen Dimmock (Nanyang Technological University)

Conference Paper  
Fire-sales and Information Advantage: When Bank-Affiliation Helps

Massimo Massa (INSEAD)
Lei Zhang (Nanyang Technological University)

Discussant:
Sergei Sarkissian (McGill University)

10:30 am - 11:00 am
11:00 am - 12:00 pm
Session 2
To Group or Not to Group? Evidence from Mutual Funds

Saurin Patel (McGill University)
Sergei Sarkissian (McGill University)

Discussant:
Lei Zhang (Nanyang Technological University)

12:00 pm - 1:30 pm
1:30 pm - 2:30 pm
Session 3
Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?

Yongheng Deng (National University of Singapore)
Joseph Gyourko (University of Pennsylvania)
Jing Wu (National University of Singapore)

Discussant:
Dragana Cvijanovic (University of North Carolina at Chapel Hill)

Conference Paper  
2:30 pm - 3:00 pm
3:00 pm - 5:00 pm
Session 4
Transaction Tax and Speculators

Yuming Fu (National University of Singapore)
Wenlan Qian (National University of Singapore)

Discussant:
Ekkehart Boehmer (EDHEC Business School)

Download Paper 
CMBS Subordination, Ratings Inflation and Regulatory-Capital Arbitrage

Richard Stanton (University of California Berkeley)
Nancy Wallace (University of California Berkeley)

Discussant:
Tim Riddiough (University of Wisconsin-Madison)

5:00 pm

 
25
MAY
2017
Saturday

9:00 am - 10:00 am
Session 1
Growing the Asset Management Franchise: Evidence from hedge Fund Firms

William Fung (London School of Business)
David Hsieh (Duke University)
Narayan Naik (London School of Business)
Melvyn Teo (Singapore Management University)

Discussant:
Tarun Ramadorai (University of Oxford)

Conference Paper  
10:00 am - 10:30 am
10:30 am - 12:30 pm
Session 2
The Economics of Hedge Funds

Neng Wang (Coloumbia University), Yingcong Lan (Cornerstone Research)
Jinqiang Yang (Shanghai University of Finance and Economics)

Discussant:
Hong Zhang (University of Hong Kong

Conference Paper  
Does Academic Research Destroy Stock Return Predictability?

David McLean (University of Alberta & Massachusetts Institute of Technology)
Jeffrey Pontiff (Boston College)

Discussant:
Allaudeen Hameed (National University of Singapore)

Conference Paper  
Why Investors Do Not Buy Cheaper Securities: Evidence from a Natural Experiment

Kalok Chan (Hong Kong University of Science and Technology)
Baolian Wang (Hong Kong University of Science and Technology)
Zhishu Yang (Tsinghua University)

Discussant:
Thomas Smith (Emory University)

Conference Paper  
12:30 pm - 2:00 pm
2:00 pm - 3:00 pm
Session 3
Getting Better: Learning to Invest in an Emerging Stock Market

John Y. Campbell (Harvard University)
Tarun Ramadorai (University of Oxford)
Benjamin Ranish (University of Oxford)

Discussant:
Darwin Choi (Hong Kong University of Science and Technology)

Conference Paper  
3:00 pm - 3:30 pm
3:30 pm - 5:30 pm
Session 4
Market Making Obligations and Firm Value

Hendrik Bessembinder (University of Utah)
Jia Hao (Wayne State University)
Kuncheng (K.C.) Zheng (University of Michigan)

Discussant:
Tarun Chordia (Emory University)

Conference Paper  
Buyers Versus Sellers: Who Initiates Trades And When?

Tarun Chordia (Emory University)
Amit Goyal (University of Lausanne)
Narasimhan Jegadeesh (Emory University

Discussant:
Kuan-Hui Lee (Seoul National University)

Conference Paper  
5:30 pm

 

Session Organisers

  • 1

Session Format

Sessions Duration
Presentation 25 minutes
Discussants #1 10 minutes
Open discussion 15 minutes

Contact Information

Massa Massimo (Track Chair)
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Deng Yongheng
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Allaudeen Hameed
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Melvyn Teo
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