Finance  

Seminar Series

The Finance Seminars are presented on Friday mornings from 10:30 a.m. until 12:00 noon, in 1505 Van Munching Hall. Deviations from the standard time or room number 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 mdrummond@rhsmith.umd.edu.

Spring 2007

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

Date Speaker Paper Title
Jan. 26 Fei Ding
Duke University		 "Brokerage Commissions, Perquisites,
and Delegated Portfolio Management"
10:30 a.m. - 12:00 noon
1511 Van Munching Hall
Feb. 2 Anna Obizhaeva
MIT		 "Information vs. Liquidity
Evidence from Portfolio Transition Trades "
10:30 a.m. - 12:00 noon
1511 Van Munching Hall
Feb. 6 Jinghua Yan
UPenn		 "Merger Waves: Theory and Evidence"
10:30 a.m. - 12:00 noon
1415 Van Munching Hall
Feb. 9 Alexei Zhdanov
George Mason University 		"A Theory of Strategic Mergers"
10:30 a.m. - 12:00 noon
Feb. 13 Hui Chen
 University of Chicago		 "Macroeconomic Conditions and the Puzzles of Credit
Spreads and Capital Structure"
10:30 a.m. - 12:00 noon
1415 Van Munching Hall
Feb. 19 Katrin Tinn
 LSE		 "The speed of technology adoption with
imperfect information in equity markets"
10:30 a.m. - 12:00 noon
4534 Van Munching Hall
Feb. 20 Kenneth Ahern
 UCLA		 "MARKETS TALK, FIRMS LISTEN:
THE DYNAMICS OF REPEAT ACQUIRERS"
10:30 a.m. - 12:00 noon
1415 Van Munching Hall
Feb. 21 Radu Gabudean
 NYU		 "Strategic Interaction and the
Co-Determination of Firms’ Financial Policies"
12:30 p.m. - 2:00 p.m.
2511 Van Munching Hall
 
Feb. 23 Alex Edmans
MIT		 "Blockholders, Market Efficiency and Managerial Myopia "
10:30 a.m. - 12:00 noon
Feb. 26 Anzhela Knyazeva
NYU		 "Delivering on the Dividend Promise:
Corporate Governance, Managerial Incentives, and DynamicDividend Behavior"
12:15 p.m. - 1:45 p.m.
2505 Van Munching Hall
 
Mar. 2 Adair Morse
University of Michigan		 "PAYDAY LENDERS: HEROES OR VILLAINS?"
10:30 a.m. - 12:00 noon
1511 Van Munching Hall
Mar. 9 Ayako Yasuda
UPenn		 "The Economics of Private Equity Funds"
10:30 a.m. - 12:00 noon
Mar. 30 - Mar. 31 The Seventh Maryland Finance Symposium 9:00 a.m. - 5:00 p.m.
Thurs.
Apr. 5		 Ernst Maug
University of Mannheim		 "Executive Stock Options when Managers Are Loss-Averse"
10:30 a.m. - 12:00 noon
1415 Van Munching Hall
Apr. 13 Nitish Sinha
 Yue Xiao
Ph.D. Students
University of Maryland		 "Leveraged Levy Processes as Models for Stock Prices"
10:30 a.m. - 12:00 noon
1511 Van Munching Hall
Apr. 20 Martjin Cremers
Yale University 		"How Active is Your Fund Manager?  A New Measure That Predicts Performance"
10:30 a.m. - 12:00 noon
1511 Van Munching Hall
Wed.
May 2		 David Musto
UPenn		 "Valuable Information and Costly Liquidity:  Evidence from Individual Mutual Fund Trades"
9:30 a.m. - 11:00 a.m.
May 4 Lisa Kramer
University of Toronto		 "Opposing Seasonalities in Treasury versus Equity Returns"
10:30 a.m. - 12:00 noon
May 11 Tanakorn Makaew
Tugkan Tuzun
Ph.D. Students
University of Maryland

"Do Operational Synergies of Stock and Cash Mergers Differ?"
10:30 a.m. - 12:00 noon
1511 Van Munching Hall

Fall 2006

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

Date Speaker Paper Title
Sept. 8 Markus Brunnermeier
Princeton		 "Market Liquidity and Funding Liquidity"
10:30 a.m. - 12:00 noon
Sept. 15 Rachel Kranton
Univ. of Maryland		 "Contracts, Hold-Up and Exports: Textiles and Opium in Colonial India"
10:30 a.m. - 12:00 noon
Sept. 22 Kent Daniel
Northwestern		 "Testing Factor-Model Explanations of Market Anomalies"
10:30 a.m. - 12:00 noon
Oct. 6 Jegadeesh Narasimhan
Emory		 "Imitation or Information-Driven Herding? An Analysis of Analysts’ Recommendations and Market Reactions"
10:30 a.m. - 12:00 noon
Oct. 27 Gustavo Grullon
Rice		 "Corporate Payout Policy and Product Market Competition"
10:30 a.m. - 12:00 noon
Nov. 3 Thomas Philippon
New York University		 "The y-Theory of Investment"
10:30 a.m. - 12:00 noon
Nov. 10 Charles Jones
Columbia University		 "Market Maker Revenues and Stock Market Liquidity"
10:30 a.m. - 12:00 noon
Dec. 1 Yaniv Grinstein
Cornell		 "CEO Compensation and Board Structure"
10:30 a.m. - 12:00 noon
Dec. 15 Anna Scherbina
Harvard		 "Inheriting Losers"
9:30 a.m. - 11:00 a.m.
1415 VMH