Finance  

Seminar Series

The Finance Seminars are presented on Friday mornings from 10:30 a.m. until 12:00 noon, in 1207 Van Munching Hall. Deviations from the standard time will be publicized on this Web site as well as in the e-mail announcement that is sent prior to each seminar. To be included on the e-mail announcement list, send an e-mail to chidden@rhsmith.umd.edu.

Spring 2005

Date Speaker Paper Title
Jan. 18 Daniel Paravisini
Department of Economics, MIT
“Constrained Banks, Constrained Borrowers:
The Effects of Bank Liquidity on the Availability of Credit”
(1505 VMH 10:30 a.m. - 12 noon)
Jan. 31 Christian Julliard,
Princeton University
"Labor Income Risk and Asset Returns"
(Dean's Conference Room #2505 VMH 10:30 a.m. - 12 noon)
Feb. 4 Steven Drucker,
Stanford Graduate School of Business
“Information Asymmetries and the Effects of Banking Mergers on Firm-Bank Relationships”
(Room #1528 VMH; 10:30 a.m. - 12 noon)
Feb. 10 Selale Tuzel,
UCLA
“Corporate Real Estate Holdings and the Cross Section of Stock Returns”
(Dean's Conference Room #2505 VMH, 2-3:30 p.m.)
Feb. 23 Shawn Cole, MIT “Fixing Market Failures or Fixing Elections? Agricultural Credit in India” (10:30 a.m. to Noon, Room #1203)
March 4 Andrea Buraschi,
Columbia University and London Business School
“Model Uncertainty and Option Markets in Heterogeneous Economies” (Conference Room #1203 VMH, School of Public Policy; 10:30 a.m. to Noon)
March 11 Nicholas Barberis, Yale “Stocks as Lotteries: The Implications of Probability Weighting for Security Prices” (Conference Room #1203 VMH, School of Public Policy; 10:30 a.m. to Noon)
March 18 Joel Hasbrouck, NYU “Trading Costs and Returns for US Equities from Daily Data” (Conference Room #1203 VMH, School of Public Policy; 10:30 a.m. to Noon)
April 22 Thomas Noe, Tulane “Stretched Too Thin: The Effect of Investment Banking Capacity Constraints in Hot IPO Markets”
April 29 Matthew Rhodes-Kropf, Columbia “The Market for Mergers and the Boundaries of the Firm”
May 2 Pete Kyle,
Duke University
“A Two-Factor Model of Value and Growth with Adjustment Costs” (1:30 to 3:00 P.M.
The Dean’s Conference Room)
May 6 Gregory R. Duffee
University of California – Berkeley
“Term Structure Estimation Without Using Latent Factors” (10:30 A.M. to Noon, #1203 VMH)
May 27 Francis Longstaff
UCLA
Anderson School
“Asset Pricing in Markets with Illiquid Assets” (10:30 A.M. to 12 noon, Seminar Room #1203 VMH)

Fall 2004

Click on the Paper Title to download a .pdf version of the paper in Adobe Acrobat, if available.

Date Speaker Paper Title
Sept. 10 Arvind Krishnamurthy
Northwestern University
"Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market"
Sept. 17 Kristina Minnick
Tracy Wang
University of Maryland
(job market papers)
Oct. 1 Alexandre Baptista
George Washington University
"Active Portfolio Management with Benchmarking: Adding a Value-at-Risk Constraint"
Oct. 15 Anna Pavlova
MIT
 
Oct. 29 Wayne Guay
Wharton
 
Nov. 5 Chester Spatt
Carnegie Mellon
The Securities and Exchange Commission
"Equilibrium Asset Pricing Under Heterogeneous Information"
Nov. 12 Alan D. Morrison
Saïd Business School
and Merton College,
University of Oxford.
Crises and Capital Requirements in Banking
Nov. 16 Armando Gomes
University of Pennsylvania
Valuations and Dynamics of Negotiations

Mergers and Acquisitions: An Experimental Analysis of Synergies Externalities and Dynamics

Dec. 3 Philip Dybvig
Washington University in Saint Louis
“Lifetime Consumption and Investment: Retirement and Constrained Borrowing”
Dec. 7 Francesca Cornelli
London Business School and CEPR
“Investor Sentiment and Pre-IPO Markets”
Special Session: 3:30 - 5 PM,
Dean's Conference Room (2570 VMH)
Dec. 14 Art A. Durnev
University of Miami 
“The Effectiveness of Insider Trading Regulation Around the Globe”
Special Session: 2 - 3:30 PM,
Dean's Conference Room (2570 VMH)