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The Seventh Maryland Finance Symposium
Behavioral Finance
Thursday, March 29, 2007 - Saturday,
March 31, 2007
Thursday,
March 29, 2007
Friday,
March 30, 2007
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7:00-8:00 a.m. |
Breakfast, Inn and Conference Center |
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8:15-8:30 a.m. |
Program Review
Deloitte and Touche Room
1505 Van Munching Hall,
University of Maryland |
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8:30-9:45 a.m. |
The Limits of the Limits of
Arbitrage
Presentation Slides
Alon Brav, Duke
University
J.B. Heaton,
Bartlit Beck Herman Palenchar
& Scott LLP
Discussant:
Mark Loewenstein, University of Maryland
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9:45-10:00 a.m. |
Break |
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10:00-11:15 a.m. |
The Tradeoff between Mortgage
Prepayments and Tax-Deferred Retirement
Savings
Presentation Slides
Gene Amromin,
Federal Reserve Bank of Chicago
Jennifer Huang, University of Texas
at Austin
Clemens Sialm, University of Michigan
Discussant:
Chester Spatt, SEC/Carnegie Mellon
Discussant
Presentation Slides
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11:15 – 12:30 p.m. |
Trading as Entertainment
Presentation Slides
Daniel Dorn, Drexel
University
Paul Sengmueller,
Universiteit van Amsterdam
Discussant:
Simon Gervais, Duke University
Discussant
Presentation Slides
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12:30-2:00 p.m. |
Lunch
3rd Floor Atrium, Van Munching Hall |
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2:00-3:15 p.m. |
Do Security Analysts Speak
in Two Tongues?
Presentation Slides
Ulrike Malmendier,
University of California, Berkeley
Devin Shanthikumar, Harvard University
Discussant:
Gerard Hoberg, University of Maryland
Discussant Presentation Slides
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3:15-3:30 p.m.
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Break |
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3:30-4:45 p.m.
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Management Forecasts, Disclosure
Quality, and Market Efficiency
Presentation Slides
Jeffrey Ng, University of Pennsylvania
Irem Tuna, University of Pennsylvania
Rodrigo Verdi,
Massachusetts Institute of Technology
Discussant:
Tarun Chordia, Emory University
Discussant
Presentation Slides |
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6:30-9:00 p.m.
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Reception and Dinner
Sponsored by
Dingman Center and
Smith School Finance Department |
Saturday,
March 31, 2007
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7:00-8:15 a.m. |
Breakfast, Inn and Conference Center
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8:30-9:45 a.m. |
The Price of Sin: The Effects
of Social Norms on Markets
Presentation Slides
Harrison Hong, Princeton
University
Marcin Kacperczyk,
University of British Columbia
Discussant:
Andrew Metrick, University of Pennsylvania
Discussant Presentation Slides
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9:45-10:00 a.m. |
Break |
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10:00-11:15 a.m. |
Commonality in Misvaluation,
Equity Financing, and the Cross-Section
of Stock Returns
Presentation Slides
David Hirshleifer,
University of California at Irvine
Danling Jiang, Florida State University
Discussant:
Jay Ritter, University of Florida
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11:15 – 12:30 p.m. |
In Search of Distress Risk
Presentation Slides
John Y. Campbell,
Harvard University
Jens Hilscher,
Brandeis University
Jan Szilagyi,
Duquesne Capital Management LLC
Discussant:
Kose John, New York University
Discussant
Presentation Slides
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12:30-2:00 p.m. |
Lunch
3rd Floor Atrium, Van Munching Hall |
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2:00-3:15 p.m. |
Risk Aversion and Clientele
Effects
Presentation Slides
Douglas W. Blackburn,
Indiana University
William N. Goetzmann, Yale University
Andrey D. Ukhov, Indiana University
Discussant:
Ravi Jagannathan, Northwestern University
Discussant
Presentation Slides
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3:15-3:30 p.m.
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Break |
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3:30-4:45 p.m.
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Analyst Recommendations, Mutual
Fund Herding, and Overreaction
in Stock Prices
Presentation Slides
Nerissa C. Brown,
University of Southern California
Kelsey D. Wei, University of Texas
at Dallas
Russ Wermers, University of Maryland
Discussant:
Amit Seru, University of Michigan
Discussant
Presentation Slides |
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6:00 p.m.
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Dinner (Open) |
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