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Capital Constraints, Public Policy and Minority Entrepreneurship. The New Financial Regulatory Environment and its Implications for Financial Markets. Machine Learning and Prediction in Economics and Finance. Josh LernerHarvard University. Taylor IICEO, The Taylor Group.

Karen MillsHarvard University and former Administrator of the U. Robert FairlieUniversity of California, Santa Cruz. Euler BroplehFounder and Managing Director, VestedWorld. Veronika PoolIndiana University. Asset Management Within Commercial Banking Groups: By Miguel Ferreira; Nova School of Business and Economics Pedro Matos; University of Virginia Pedro Pires; Nova School of Business and Economics. Pedro MatosUniversity of Virginia. Lauren CohenHarvard Business School.

By Francesco Franzoni; University of Lugano USISwiss Finance Institute Mariassunta Giannetti; Stockholm School of Economics. Francesco FranzoniUniversity of Lugano USISwiss Finance Institute. Wei JiangColumbia University. Interfund Lending in Mutual Fund Families: Role of Internal Capital Markets. Vikas AgarwalGeorgia State University.

Analysts January 6, 8: Ing-Haw ChengDartmouth College. Career Concerns and Strategic Effort Allocation by Analysts. By Jarrad Harford; University of Washington Feng Jiang; University at Buffalo SUNY Rong Wang; Singapore Management University Fei Xie; University of Delaware.

Rong WangSingapore Management University. Devin ShanthikumarUniversity of California, Irvine. The Job Rating Game: Elisabeth KempfTilburg University. Joel ShapiroUniversity of Oxford. Speed and Expertise in Stock Picking: Older, Slower, and Wiser? By Romain Boulland; ESSEC Business School Chayawat Ornthanalai; University of Toronto Kent Womack; University of Toronto. Romain BoullandESSEC Business School. Credit Risk January 6, 8: Ilya StrebulaevStanford University.

Unemployment and Credit Risk. Hang BaiUniversity of Connecticut. Lukas SchmidDuke University. Economic Uncertainty, Aggregate Debt, and the Real Effects of Corporate Finance. Timothy JohnsonUniversity of Illinois at Urbana-Champai.

Adriano RampiniDuke University. Sovereign CDS Spreads with Credit Rating. By Haitao Li; Cheung Kong Graduate School of Business Tao Li; City University of Hong Kong Xuewei Yang; Nanjing University. Tao LiCity University of Hong Kong. David LandoCopenhagen Business School. The Impact of Sovereign Shocks. Gerardo ManzoTwo Sigma Investments. Debt and Crises January 6, 8: Efraim BenmelechNorthwestern University. Credit Spreads and the Severity of Financial Crises.

By Arvind Krishnamurthy; Stanford University Tyler Muir; University of California, Los Angeles. Arvind KrishnamurthyStanford University. Egon ZakrajsekFederal Reserve Board.

Why Does Fast Loan Growth Predict Poor Performance for Banks? By Rudiger Fahlenbrach; Ecole Polytechnique Federale de Lausanne Robert Prilmeier; Tulane University Rene Stulz; Ohio State University. Rudiger FahlenbrachEcole Polytechnique Federale de Lausanne. Samuel HansonHarvard Business School. The Private Costs of Highly Levered Banks. Juliane BegenauHarvard Business School. Executive Compensation January 6, 8: Kelly ShueUniversity of Chicago.

Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts. Ron KanielUniversity of Rochester.

Florian EdererYale University. Insider Purchases after Short Interest Spikes: Karl DietherBrigham Young University. Performance-Vesting Provisions in Executive Compensation.

By Carr Bettis; Arizona State University John Bizjak; Texas Christian University Jeffrey Coles; University of Utah Swaminathan Kalpathy; Texas Christian University. Swaminathan KalpathyTexas Christian University. Katharina LewellenDartmouth College. The Value of Information for Contracting. By Pierre Chaigneau; Queen's University Smith School of Business Alex Edmans; London Business School Daniel Gottlieb; Washington University in St Louis.

Alex EdmansLondon Business School. Liquidity and Trading in Bond and Derivatives Markets I January 6, 8: Francis LongstaffUniversity of California, Los Angeles. Taking Orders and Taking Notes: Dealer Information Sharing in Financial Markets. By Nina Boyarchenko; Federal Reserve Bank of New York David Lucca; Federal Reserve Bank of New York Laura Veldkamp; New York University. David LuccaFederal Reserve Bank of New York.

Kjell NyborgUniversity of Zurich, Swiss Finance Institute. Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market. By Fang Cai; Federal Reserve Board Song Han; Federal Reserve Board Dan Li; Federal Reserve Board Yi Li; Federal Reserve Board. Yi LiFederal Reserve Board. Kelsey WeiUniversity of Texas-Dallas. The Value of Trading Relationships in Turbulent Times. Media and Finance January 6, 8: Kenneth AhernUniversity of Southern California. By Joseph Engelberg; University of California, San Diego David McLean; Driehaus College of Business Jeffrey Pontiff; Boston College.

David McLeanDriehaus College of Business. David SolomonUniversity of Southern California. By Briana Chang; University of Wisconsin-Madison Harrison Hong; Princeton University. Harrison HongPrinceton University.

Diego GarciaUniversity of Colorado. The Momentum of News. By Ying Wang; Nanyang Technological University Bohui Zhang; University of New South Wales Xiaoneng Zhu; Shanghai University of Finance and Economics. Xiaoneng ZhuShanghai University of Finance and Economics. Paul TetlockColumbia University. It Depends on Where You Search: A Comparison of Institutional and Retail Attention.

By Azi Ben-Rephael; Indiana University Zhi Da; University of Notre Dame Ryan Israelsen; Indiana University. Ryan IsraelsenIndiana University.

Public Pension Funds January 6, Luis ViceiraHarvard Business School. Edwin CassCanada Pension Plan CPP Investment Board. James PoterbaMassachusetts Institute of Technology. Joshua RauhStanford University. Theresa WhitmarshWashington State Investment Board. Randall KrosznerUniversity of Chicago. Parsing the Content of Bank Supervision. By Paul Goldsmith-Pinkham; Federal Reserve Bank of New York Beverly Hirtle; Federal Reserve Bank of New York David Lucca; Federal Reserve Bank of New York.

Paul Goldsmith-PinkhamFederal Reserve Bank of New York. Amit SeruUniversity of Chicago. Does a Larger Menu Increase Appetite? Collateral Eligibility and Bank Risk-Taking. By Sjoerd van Bekkum; Erasmus University Rotterdam Marc Gabarro; Erasmus University Rotterdam Rustom Irani; University of Illinois at Urbana-Champaign. Sjoerd van BekkumErasmus University Rotterdam. Philipp SchnablNew York University. Bank Resolution and the Structure of Global Banks.

Martin OehmkeColumbia University. Biases January 6, Renee AdamsUniversity of New South Wales. In-Group Bias in Financial Markets. By Sima Jannati; University of Miami Alok Kumar; University of Miami Alexandra Niessen-Ruenzi; University of Mannheim Justin Wolfers; University of Michigan.

Alexandra Niessen-RuenziUniversity of Mannheim. Characteristics of Top Managers. Steven KaplanUniversity of Chicago. Laura StarksUniversity of Texas at Austin. The Effect of Job-Protected Leave. By Joshua Gottlieb; University of British Columbia Richard Townsend; Dartmouth College Ting Xu; University of British Columbia. Ting XuUniversity of British Columbia. Credit Ratings January 6, John GriffinUniversity of Texas at Austin. Where the Heart Is: Information Production and the Home Bias.

By Jess Cornaggia; Georgetown University Kimberly Cornaggia; Pennsylvania State University Ryan Israelsen; Indiana University. Kimberly CornaggiaPennsylvania State University. Miguel FerreiraNova School of Business and Economics. Non-rating Revenue and Conflicts of Interest. By Ramin Baghai; Stockholm School of Economics Bo Becker; Stockholm School of Economics.

Bo BeckerStockholm School of Economics. Jonathan CohnUniversity of Texas at Austin. The Disciplining Effect of Credit Ratings: Evidence from Corporate Asset Sales.

By Dion Bongaerts; Erasmus University Rotterdam Frederik-Paul Schlingemann; University of Pittsburgh. Frederik-Paul SchlingemannUniversity of Pittsburgh. Dividend and Payout Policy January 6, Gustavo GrullonRice University. The Effect of Option-based Compensation on Payout Policy: Evidence from FAS R. Fabrizio FerriColumbia University. David De AngelisRice University. What's Behind the Smooth Dividends?

Evidence from Structural Estimation. Yufeng WuUniversity of Illinois at Urbana-Champaign. Oliver LevineUniversity of Wisconsin-Madison. Shareholder-Creditor Conflict and Payout Policy: Evidence from Mergers between Lenders and Shareholders.

Yongqiang ChuUniversity of South Carolina. Alan CraneRice University. By Joan Farre-Mensa; Harvard Business School Roni Michaely; Cornell Tech Martin Schmalz; University of Michigan. Joan Farre-MensaHarvard Business School.

Financial Institution Risk Management January 6, Michael FaulkenderUniversity of Maryland. Bank Complexity and Risk Management: Evidence from Operational Risk Events in U. By Anna Chernobai; Syracuse University Ali Ozdagli; Federal Reserve Bank of Boston Jianlin Wang; Federal Reserve Bank of Boston. Anna ChernobaiSyracuse University. Elena LoutskinaUniversity of Virginia. Risk Management in Financial Institutions. By Adriano Rampini; Duke University S. Viswanathan; Duke University Guillaume Vuillemey; HEC Paris.

Guillaume VuillemeyHEC Paris. Mark FlannerySecurities and Exchange Commission. Do Bank Boards Focus Adequately On Risk? By Samanvaya Agarwal; Indian School of Business Saipriya Kamath; Indian School of Business Krishnamurthy Subramanian; Indian School of Business and Northwestern University Prasanna Tantri; Indian School of Business.

Saipriya KamathIndian School of Business. New Approaches to Classical Problems January 6, Haoxiang ZhuMassachusetts Institute of Technology. Multiple Equilibria in Noisy Rational Expectations Economies.

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By Domotor Palvolgyi; University of Cambridge Gyuri Venter; Copenhagen Business School. Gyuri VenterCopenhagen Business School. Liyan YangUniversity of Toronto. Estimating Information Asymmetry in Securities Markets. By Kerry Back; Rice University Kevin Crotty; Rice University Tao Li; City University of Hong Kong. Kevin CrottyRice University. Vyacheslav FosBoston College. By Torben Andersen; Northwestern University Oleg Bondarenko; University of Illinois at Chicago Albert Kyle; University of Maryland Anna Obizhaeva; New Economic School.

Torben AndersenNorthwestern University. International Finance and Exchange Rates January 6, Hanno LustigStanford University. The Term Structure of Implied Volatility and Volatility Risk Premia in the FX Market. By Pasquale Della Corte; Imperial College London Roman Kozhan; University of Warwick Anthony Neuberger; Cass Business School. Roman KozhanUniversity of Warwick. Stefano GiglioUniversity of Chicago. Real Exchange Rates and Currency Risk Premia.

By Pierluigi Balduzzi; Boston College I-Hsuan Ethan Chiang; University of North Carolina at Charlotte. Pierluigi BalduzziBoston College. Carolin PfleugerUniversity of British Columbia. Uncertainty, the Exchange Rate and International Capital Flows.

Riccardo ColacitoUniversity of North Carolina-Chapel Hill. Entangled Risks in Incomplete FX Markets. By Thomas Maurer; Washington University in St.

Louis Ngoc-Khanh Tran; Washington University in St. Thomas MaurerWashington University in St. The New Financial Regulatory Environment and its Implications for Financial Markets January 6, Deborah LucasMassachusetts Institute of Technology. Tobias AdrianInternational Monetary Fund. Stephen BergerCitadel. Darrell DuffieStanford University. Ulrike MalmendierUniversity of California, Berkeley. Do Personal Ethics Influence Corporate Ethics? By John Griffin; University of Texas at Austin Samuel Kruger; University of Texas at Austin Gonzalo Maturana; Emory University.

Samuel KrugerUniversity of Texas at Austin. Ivo WelchUniversity of California, Los Angeles. Afraid of your Workers - CEOs, strikes and financing decisions.

The Face of Risk: CEO Testosterone and Risk Taking Behavior. By Shinichi Kamiya; Nanyang Technological University Y. Han Andy Kim; Sungkyunkwan University Jungwon Suh; Sungkyunkwan University. Han Andy KimSungkyunkwan University. Burkhard SchipperUniversity of California, Davis. By Qingzhong Ma; California State University, Chico David Whidbee; Washington State University Wei Zhang; California State University, Chico.

David WhidbeeWashington State University. CEOs January 6, Charles HadlockMichigan State University. Good and Bad CEOs. By Dirk Jenter; London School of Economics Egor Matveyev; University of Alberta Lukas Roth; University of Alberta.

Egor MatveyevUniversity of Alberta. Heitor AlmeidaUniversity of Illinois at Urbana-Champaign.

Compensation Goals and Firm Performance. By Ben Bennett; Air Force Institute of Technology Carr Bettis; Arizona State University Radhakrishnan Gopalan; Washington University in St. Louis Todd Milbourn; Washington University in St. Carr BettisArizona State University. Daniel BergstresserBrandeis University. Estimates from a Dynamic Model. Ruoyan HuangUniversity of Hong Kong.

Derivatives January 6, Jun PanMassachusetts Institute of Technology. By Christian Skov Jensen; Copenhagen Business School David Lando; Copenhagen Business School Lasse Pedersen; Copenhagen Business School, New York University, and AQR. Christian Skov JensenCopenhagen Business School. Stephen RossMassachusetts Institute of Technology.

Informed Trading and Option Prices: Evidence from Activist Trading. By Pierre Collin-Dufresne; Ecole Polytechnique Federale de Lausanne Vyacheslav Fos; Boston College Dmitriy Muravyev; Boston College.

Dmitriy MuravyevBoston College. Marcin KacperczykImperial College London. By Christopher Culp; Johns Hopkins Institute for Applied Economics Yoshio Nozawa; Federal Reserve Board Pietro Veronesi; University of Chicago. Pietro VeronesiUniversity of Chicago. High Frequency Trading January 6, Mao YeUniversity of Illinois at Urbana-Champaign.

Do High Frequency Traders Need to be Regulated? Evidence from Trading on Macroeconomic Announcements. By Tarun Chordia; Emory University Clifton Green; Emory University Badrinath Kottimukkalur; Emory University.

Badrinath KottimukkalurEmory University. Jonathan BrogaardUniversity of Washington. Data Abundance and Asset Price Informativeness. Thierry FoucaultHEC Paris. Laura VeldkampNew York University. By Ekkehart Boehmer; Singapore Management University Dan Li; Hong Kong University Gideon Saar; Cornell University. Gideon SaarCornell University. Dacheng XiuUniversity of Chicago. Fast Traders Make a Quick Buck: The Role of Speed in Liquidity Provision. By Markus Baldauf; University of British Columbia Joshua Mollner; Microsoft Research.

Markus BaldaufUniversity of British Columbia. Macroeconomic Models of the Equity Premium January 6, Sydney LudvigsonNew York University. Macro Announcement Premium and Risk Preferences. Hengjie AiUniversity of Minnesota. Anisha GhoshCarnegie Mellon University. Dividend Dynamics, Learning, and Expected Stock Index Returns. Ravi JagannathanNorthwestern University. Lars LochstoerColumbia University. The Equity Premium and the One Percent. By Alexis Akira Toda; University of California, San Diego Kieran Walsh; University of Virginia.

Alexis Akira TodaUniversity of California, San Diego. Daniel GreenwaldMassachusetts Institute of Technology. Maximum Likelihood Estimation of the Equity Premium. By Efstathios Avdis; University of Alberta Jessica Wachter; University of Pennsylvania. Jessica WachterUniversity of Pennsylvania. Private Equity January 6, Ayako YasudaUniversity of California, Davis. On the Economic Consequences of Excessive Delistings. Ulf AxelsonLondon School of Economics.

Financial Intermediation in Private Equity: How Well do Funds of Funds Perform? Tim JenkinsonOxford University. Arthur KortewegUniversity of Southern California. Pay Now or Pay Later?: The Economics within the Private Equity Partnership. Victoria IvashinaHarvard Business School. Elena SimintziUniversity of British Columbia. Pension Fund Board Composition and Investment Performance: Evidence from Private Equity. By Aleksandar Andonov; Erasmus University Rotterdam Yael Hochberg; Rice University Joshua Rauh; Stanford University.

Yael HochbergRice University. David RobinsonDuke University. Innovation Waves, Investor Sentiment, and Mergers. By David Dicks; University of North Carolina Paolo Fulghieri; University of North Carolina. David DicksUniversity of North Carolina. Ramana NandaHarvard University. Patents as Substitutes for Relationships. By Farzad Saidi; Stockholm School of Economics Alminas Zaldokas; Hong Kong University of Science and Technology. Farzad SaidiStockholm School of Economics.

Xuan TianIndiana University. By Richard Thakor; University of Minnesota Andrew Lo; Massachusetts Institute of Technology. Richard ThakorUniversity of Minnesota. Dirk HackbarthBoston University. Learning across Peer Firms and Innovation Waves.

Merih SevilirIndiana University. How Much Finance Does the Economy Need? January 7, 8: Guy RolnikUniversity of Chicago. Anat AdmatiStanford University. Catherine MannOrganisation for Economic Co-operation and Development. Ceyla PazarbasiogluIMF and World Bank. Antoinette SchoarMassachusetts Institute of Technology. Christopher ParsonsUniversity of California, San Diego. By Fenghua Song; Pennsylvania State University Anjan Thakor; Washington University in St.

Fenghua SongPennsylvania State University. Adi SunderamHarvard Business School. Integrity Culture and Analyst Forecast Quality.

Joseph PacelliIndiana University. William MayewDuke University. A Clash of Cultures: The Governance and Valuation Effects of Multiple Corporate Cultures. By Stephen Ferris; University of Missouri Narayanan Jayaraman; Georgia Institute of Technology Teng Zhang; Georgia Institute of Technology. Narayanan JayaramanGeorgia Institute of Technology. Paul SmeetsMaastricht University. Evidence from the Field. By John Graham; Duke University Campbell Harvey; Duke University Jillian Popadak; Duke University Shivaram Rajgopal; Columbia University.

Jillian PopadakDuke University. Financial Crises and the Transmission of Shocks January 7, 8: Stacey SchreftU. Office of Financial Research. By Christophe Perignon; HEC Paris David Thesmar; Massachusetts Institute of Technology and CEPR Guillaume Vuillemey; HEC Paris.

Adam CopelandFederal Reserve Bank of New York. Competition, Reach binary options divorce is the best time workout Yield, and Money Market Funds. Gabriele La SpadaFederal Reserve Bank of New York. Benjamin MunyanVanderbilt University. Asset Encumbrance, Bank Funding, and Financial Fragility.

By Survey sites to earn cash Ahnert; Bank of Canada Kartik Anand; Deutsche Bundesbank Prasanna Gai; University of Auckland James Chapman; Bank of Canada. Toni AhnertBank of Canada.

High Sharpe Ratios January 7, 8: Alexi SavovNew York University. How should investors respond to increases in volatility? By Alan Moreira; Yale Woolworth australia day trading hours Tyler Muir; University of California, Los Angeles. Alan MoreiraYale University. John CampbellHarvard University. By Wenxin Du; Federal Reserve Board Alexander Tepper; Columbia University Adrien Verdelhan; Massachusetts Institute of Technology.

Wenxin DuFederal Reserve Board. Pierre Collin-DufresneEcole Polytechnique Federale de Lausanne. A First Glimpse into the Short Side of Hedge Funds. By Jaewon Choi; University of Illinois at Urbana-Champaign Neil Pearson; University of Illinois at Urbana-Champaign Shastri Sandy; Brattle Group.

Jaewon ChoiUniversity of Illinois at Urbana-Champaign. Household Finance January 7, 8: Johannes StroebelNew York University. Minimum Payments and Debt Paydown in Consumer Credit Cards. By Benjamin Keys; University of Chicago Jialan Wang; University of Illinois at Urbana-Champaign. Benjamin KeysUniversity of Chicago. Andres LibermanNew York University. Access to Credit and Stock Market Participation. Denis SosyuraUniversity of Michigan. Andrew HertzbergColumbia University.

Evidence from Personal Finance Management Software. By Arna Olafsson; Copenhagen Business School Michaela Pagel; Columbia University. Michaela PagelColumbia University. Scott BakerNorthwestern University. The Misguided Beliefs of Financial Advisors. By Juhani Linnainmaa; University of Chicago Brian Melzer; Northwestern University Alessandro Previtero; University of Texas at Austin. Brian MelzerNorthwestern University.

Housing Returns and Speculation January 7, 8: Chester SpattCarnegie Mellon University. Residential Real Estate Traders: Returns, Risk and Strategies. Marco GiacolettiStanford University. Richard StantonUniversity of California, Berkeley. Economic Consequences of Housing Speculation. By Zhenyu Gao; Chinese University of Hong Kong Michael Sockin; University of Texas at Austin Wei Xiong; Princeton University.

Zhenyu GaoChinese University of Hong Kong. Barney Hartman-GlaserUniversity of California, Los Angeles. Excessive Credit Supply and the Housing Boom in the US. Vahid SaadiUniversity of Frankfurt. Manuel AdelinoDuke University.

Recourse Mortgage Law and Housing Speculation. By Tong-yob Nam; Office of the Comptroller of the Currency Seungjoon Oh; Peking University. Seungjoon OhPeking University. Information Disclosure and Stock Returns January 7, 8: Dong LouLondon School of Economics.

Good News in Numbers. Dexin ZhouBaruch College. Huaizhi ChenLondon School of Economics. In No Un- Certain Terms: Managerial Style in Communicating Earnings News. Complexity and Information Content of Financial Disclosures: Evidence from Evolution of Uncertainty Following K Filings. By Frederico Belo; University of Minnesota and NBER Jun Li; University of Texas-Dallas Xiaoji Lin; Ohio State University Xiaofei Zhao; University of Texas-Dallas.

Xiaofei ZhaoUniversity of Texas-Dallas. Shiyang HuangUniversity of Hong Kong. What do Measures of Real-time Corporate Sales Tell us about Earnings Surprises stock brokerage companies in india Post-announcement Returns?

By Kenneth Froot; Harvard Business School Namho Kang; University of Connecticut Gideon Ozik; EDHEC Business School Ronnie Sadka; Boston College. Namho KangUniversity of Connecticut.

Sustainable Investments January 7, 8: Good is Good, Bad is Bad. By Ravi Bansal; Duke University Di Andrew Wu; University of Michigan Amir Yaron; University of Pennsylvania. Amir YaronUniversity of Pennsylvania. Rossen ValkanovUniversity of California, San Diego. By Brad Barber; University of California, Davis Adair Morse; University of California, Berkeley Ayako Yasuda; University of California, Davis.

Do Institutional Investors Transplant Social Norms? International Evidence on Corporate Social Responsibility. Alexander Dyck; University of Toronto Karl Lins; University of Utah Lukas Roth; University of Alberta Hannes Wagner; Bocconi University. Lukas RothUniversity of Alberta. Inessa LiskovichUniversity of Texas at Austin.

Peer Effects of Corporate Social Responsibility. By Jie Cao; Chinese University of Hong Kong Hao Liang; Singapore Management University Xintong Zhan; Chinese University of Hong Kong. Xintong ZhanChinese University of Hong Kong. Tax Shelters and Corporate Inversions January 7, 8: Kose JohnNew York University and Temple University. A Case of Having the Cake and Eating it Too? By Felipe Cortes; Northeastern University Armando Gomes; Washington University in St.

Louis Radhakrishnan Gopalan; Washington University in St. Radhakrishnan GopalanWashington University in St. Dalida KadyrzhanovaGeorgia State University. What Drives Corporate Inversions? By Burcin Col; Pace University Rose Liao; Rutgers University Stefan Zeume; University of Michigan. Rose LiaoRutgers University. Debt, Bankruptcy Risk, and Corporate Tax Sheltering. By Akanksha Jalan; Indian Institute of Management Jayant Kale; Northeastern University Costanza Meneghetti; West Virginia University.

Costanza MeneghettiWest Virginia University. Abraham RavidYeshiva University. Are Corporate Inversions Good for Shareholders? By Anton Babkin; University of Wisconsin Brent Glover; Carnegie Mellon University Oliver Levine; University of Wisconsin-Madison. Brent GloverCarnegie Mellon University. Low Interest Rates and Financial Markets January 7, Anil KashyapUniversity of Chicago. Kenneth GriffinCEO and Founder, Citadel.

Jerome PowellGovernor, Federal Reserve System. Raghuram RajanUniversity of Chicago. Martin SchmalzUniversity of Michigan. Information Asymmetry, Market Participation, and Asset Prices. By David Hirshleifer; University of California, Irvine Chong Huang; University of California, Irvine Siew Hong Teoh; University of California, Irvine.

Chong Huang oxford university diploma financial strategy, University of California, Irvine.

David EasleyCornell University. A Tough Act to Follow: Contrast Effects in Financial Markets. John BeshearsHarvard University. Financial Loss Aversion Illusion. Christoph MerkleUniversity of Mannheim. Cary FrydmanUniversity of Southern California.

Thinking About Prices Versus Thinking About Returns in Financial Markets. By Markus Glaser; Ludwig-Maximilians-University LMU Munich Zwetelina Iliewa; Centre for European Economic Research Martin Weber; University of Mannheim.

Martin WeberUniversity of Mannheim. Debt Structure January 7, Justin MurfinYale University. The Role of Hard Information in Debt Contracting: Evidence from Fair Value Adoption.

By Aytekin Ertan; London Business School Stephen Karolyi; Carnegie Mellon University. Stephen KarolyiCarnegie Mellon University. Jose LibertiNorthwestern University and DePaul University. Still Learning After All These Years: Dynamic Information Acquisition in Banking. Matthew BotschBowdoin College.

Mitchell PetersenNorthwestern University. Evidence from Syndicated Loans. By Matthew Gustafson; Pennsylvania State University Ivan Ivanov; Federal Reserve Board Ralf Meisenzahl; Federal Reserve Board. Ivan IvanovFederal Reserve Board. Government and Regulatory Issues January 7, Mara FaccioPurdue University.

The Political Economy of Financial Innovation: Evidence from Local Governments. Christophe PerignonHEC Paris. Larry FauverUniversity of Tennessee. Political Information, Firm Value and Information Networks: Evidence from the Chinese National Social Security Fund. By Yong Li; University of Queensland Karen Benson; University of Queensland Robert Faff; University of Queensland.

Yong LiUniversity of Queensland. Martijn CremersUniversity of Notre Dame. Political Influence and Government Investment: Evidence from Contract-Level Data. By Jonathan Brogaard; University of Washington Matthew Denes; University of Washington Ran Duchin; University of Washington. Stefano RossiPurdue University. Policy Uncertainty, Political Capital, and Firm Risk-Taking. Stefan LewellenLondon Business School. Insurance January 7, Motohiro YogoPrinceton University.

By Gabriel Chodorow-Reich; Harvard University Andra Ghent; University of Wisconsin Valentin Haddad; Princeton University. Valentin HaddadPrinceton University. Andrew EllulIndiana University, CEPR, CSEF, and ECGI. Portfolio Similarity and Asset Liquidation in the Insurance Industry. By Mila Getmansky Sherman; University of Massachusetts-Amherst Giulio Girardi; Securities and Exchange Commission Kathleen Hanley; Lehigh University Stanislava Nikolova; University of Nebraska-Lincoln Loriana Pelizzon; SAFE - Goethe University.

Giulio GirardiSecurities and Exchange Commission. Ralph KoijenNew York University. Securities Lending as Wholesale Funding: Evidence from the U. By Nathan Foley-Fisher; Federal Reserve Board Borghan Narajabad; Federal Reserve Board Stephane Verani; Federal Reserve Board.

Stephane VeraniFederal Reserve Board. Robert McDonaldNorthwestern University. Capital Regulation and Product Market Outcomes. Ishita SenLondon Business School.

Investment Behavior January 7, David SraerUC Berkeley. Intangible Capital and the Investment-q Relation. By Ryan Peters; University of Pennsylvania Lucian Taylor; University of Pennsylvania.

Ryan PetersUniversity of Pennsylvania. Cecilia ParlatoreNew York University. The Speculation Stock market game communicating quantitative information and Crowding Out Channel: Real Estate Shocks and Corporate Investment in China. By Ting Chen; Hong Kong University of Science and Technology Laura Xiaolei Liu; Peking University Wei Xiong; Princeton University Li-an Zhou; Peking University. Laura Xiaolei LiuPeking University. Charles NathansonNorthwestern University.

Ripple Effects of Noise on Corporate Investment. By Olivier Dessaint; University of Toronto Thierry Foucault; HEC Paris Laurent Fresard; University of Maryland Adrien Matray; Princeton University. Laurent FresardUniversity of Maryland. Market Mispricing January 7, Christopher PolkLondon School of Economocs. By Lauren Cohen; Harvard Business School Christopher Malloy; Harvard Business School Quoc Nguyen; University of Illinois at Chicago.

Gerard HobergUniversity of Southern California. Are Financial Markets a Sideshow? By Jules van Binsbergen; University of Pennsylvania Christian Opp; University of Pennsylvania. Jules van BinsbergenUniversity of Pennsylvania. Malcolm BakerHarvard Business School. Kent DanielColumbia University. Are Stocks Real Assets? Sticky Discount Rates in Stock Markets. By Michael Katz; AQR Capital Management, LLC Hanno Lustig; Stanford University Lars Nielsen; AQR Capital Management, LLC.

Securities Markets and Macroeconomic Outcomes January 7, The Securities Lending Market and the Collateral Channel of Monetary Policy Transmission. By Reena Aggarwal; Georgetown University Jennie Bai; Georgetown University Luc Laeven; European Central Bank.

Jennie BaiGeorgetown University. Rustom IraniUniversity of Illinois at Urbana-Champaign. Macroeconomic Effects of Secondary Market Trading. Daniel NeuhannUniversity of Texas at Austin. Guillaume PlantinCarnegie Mellon University. Risk Taking and Low Longer-term Interest Rates: By Sirio Aramonte; Federal Reserve Board Seung Jung Lee; Board of Governors of the Federal Reserve System Viktors Stebunovs; Board of Governors of the Federal Reserve System.

Sirio AramonteFederal Reserve Board. Machine Learning and Prediction fb stock options chain Economics and Finance January 7, Sendhil MullainathanHarvard University. Edith HotchkissBoston Colleage. Bankruptcy and the Cost of Organized Labor.

By Murillo Campello; Cornell University and NBER Janet Gao; Indiana University Jiaping Qiu; McMaster University Yue Zhang; UC Louvain and McMaster University. Murillo CampelloCornell University and NBER.

David MatsaNorthwestern University. The Privatization of Bankruptcy: Evidence from Financial Distress in the Shipping Industry. By Julian Franks; London Business School Oren Sussman; University of Oxford Vikrant Vig; London Business School.

Oren SussmanUniversity of Oxford. Sreedhar BharathArizona State University. Bankruptcy Law, Private Benefits, and Risk-Taking. David SchoenherrLondon Business School. Sergei DavydenkoUniversity of Toronto. By Andrew Ellul; Indiana University, CEPR, CSEF, and ECGI Marco Pagano; University of Naples Federico II.

Entrepreneurial Finance January 7, How Do Venture Capitalists Make Decisions? By Paul Gompers; Harvard University Will Gornall; University of British Columbia Steven Kaplan; University of Chicago Ilya Strebulaev; Stanford University.

IPOs and New Firm Creation. By Tania Babina; Columbia University Paige Ouimet; University of North Carolina Rebecca Zarutskie; Federal Reserve Board.

Tania BabinaColumbia University. Shai BernsteinStanford University. The Life Cycle of Corporate Venture Capital. Song MaYale University. Information Transmission and Trading January 7, Trading Costs and Informational Efficiency.

Kerry BackRice University. Market Fragmentation, Dissimulation, and the Disclosure of Insider Trades. Giovanni CespaCity University London. Lawrence GlostenColumbia University. Rational Quantitative Trading forex supply and demand explained Efficient Markets. Katrin TinnImperial College London. Labor and Finance January 7, Ashwini AgrawalLondon School of Economics.

Collateral Values and Corporate Employment. Career scope in stock market Nuri Ersahin; University of Illinois Rustom Irani; University of Illinois at Urbana-Champaign. Nuri ErsahinUniversity of Illinois. Felipe SeverinoForex pvc foam board College. Will I Get Paid? Employee Stock Options and Mergers and Acquisitions.

By Ilona Babenko; Arizona State University Fangfang Du; Arizona State University Yuri Tserlukevich; Arizona State University.

Yuri TserlukevichArizona State University. Firing the Wrong Workers: Financing Constraints and Labor Misallocation. By Andrea Caggese; Pompeu Fabra University Vicente Cunat; London School of Economics Daniel Metzger; Stockholm School of Economics. Andrea CaggesePompeu Fabra University. Market Risk Factors January 7, Size Matters, If You Control Your Junk. By Cliff Asness; AQR Capital Management, LLC Andrea Frazzini; AQR Capital Management, LLC Ronen Israel; AQR Capital Management, LLC Tobias Moskowitz; Yale University Lasse Pedersen; Copenhagen Business School, New York University, and AQR.

Tobias MoskowitzYale University. By Georg Cejnek; WU Vienna University of Economics and Business Otto Randl; WU Vienna University of Economics and Business. Otto RandlWU Vienna University of Economics and Business.

By Paul Schneider; University of Lugano USICandle timer forex Finance Institute Christian Wagner; Copenhagen Business School Josef Zechner; WU Vienna University of Economics and Business.

Paul SchneiderUniversity of Lugano USISwiss Finance Institute. Yoshio NozawaFederal Reserve Board. Assessment of Asset Pricing Models Using a Myriad of Factors. By Guanhao Feng; University of Chicago Forex slovenia Giglio; University of Chicago Dacheng Xiu; University of Chicago.

Guanhao FengUniversity of Chicago. Real Estate Finance January 7, Itzhak Ben-DavidOhio State University and NBER. Are Lemons Sold First? Dynamic Signaling in the Mortgage Market. By Manuel Adelino; Duke University Kristopher Gerardi; Federal Reserve Bank of Atlanta Barney Hartman-Glaser; University of California, Los Angeles. Christopher PalmerUniversity of California, Berkeley. By Itay Goldstein; University of Pennsylvania Deeksha Gupta; University of Pennsylvania. Deeksha GuptaUniversity of Pennsylvania.

Tomasz PiskorskiColumbia University. The Impact of Positive Payment Shocks on Mortgage Credit Risk — a Natural Experiment from Home Equity Lines of Credit at End of Draw. By Min Qi; Office of the Comptroller of the Currency Harald Scheule; University of Technology, Sydney. Min QiOffice of the Comptroller of the Currency. Taylor NadauldBrigham Young University.

Real Estate Holdings of Public Firms and Collateral Discount. By Irem Demirci; University of Mannheim Umit Gurun; University of Texas-Dallas Erkan Yonder; Ozyegin University. Irem DemirciUniversity of Mannheim. Regulation and Trust in Financial Stability January 7, David ThesmarMIT Sloan.

Information Sharing and Rating Manipulation. By Mariassunta Giannetti; Stockholm School of Economics Jose Liberti; Northwestern University and DePaul University Jason Sturgess; Kellstadt Graduate School of Business. Mariassunta GiannettiStockholm School of Economics. Daniel ParavisiniLondon School of Economics. Which Swiss Gnomes Attract Money? By Urs Birchler; University of Zurich Rene Hegglin; University of Zurich Michael Reichenecker; UBS Switzerland AG Alexander Wagner; University of Zurich, Swiss Finance Institute.

Alexander WagnerUniversity of Zurich, Swiss Finance Institute. Paola SapienzaNorthwestern University. The Invisible Hand of the Government: By Steven Ongena; University of Zurich Alex Popov; European Central Bank Neeltje van Horen; Bank of England. Neeltje van HorenBank of England. Stijn ClaessensFederal Reserve Board. Equity is Cheap for Large Financial Institutions: By Priyank Gandhi; University of Notre Dame Hanno Lustig; Stanford University Alberto Plazzi; University of Lugano USISwiss Finance Institute.

Priyank GandhiUniversity of Notre Dame. Banks and Central Banks January 8, 8: The Effect of Monetary Policy on Bank Wholesale Funding. By Dong Beom Choi; Federal Reserve Bank of New York Hyun-Soo Choi; Singapore Management University. Dong Beom ChoiFederal Reserve Bank of New York. The Effect of Central Bank Liquidity Injections on Bank Credit Supply. Matteo CrosignaniFederal Reserve Board. Lender of Last Resort versus Buyer of Last Resort — Evidence from the European Sovereign Debt Crisis.

By Viral Acharya; New York University, CEPR, and NBER Diane Pierret; University of Lausanne Sascha Steffen; University of Mannheim. Diane PierretHEC Lausanne. Monetary Policy and Global Banking. By Falk Brauning; Federal Reserve Bank of Boston Victoria Ivashina; Harvard Business School. Falk BrauningFederal Reserve Bank of Boston. Boards January 8, 8: Cesare FracassiUniversity of Texas at Austin.

Independent Directors and Corporate Litigation. James MalmCollege of Charleston. John CoreMassachusetts Institute of Technology. Performance-Based Turnover on Corporate Boards. By Thomas Bates; Arizona State University David Becher; Drexel University Jared Wilson; Indiana University. Jared WilsonIndiana University. David YermackNew York University. An Analysis of Delegation in Corporate Boards. By Renee Adams; University of New South Wales Vanitha Ragunathan; University of Queensland Robert Tumarkin; University of New South Wales.

Vanitha RagunathanUniversity of Queensland. Board Diversity and Director Dissent in Corporate Boards. Seil KimBaruch College. Finance and the Product Market January 8, 8: Gregor MatvosUniversity of Chicago. Risk Management with Supply Contracts. By Heitor Almeida; University of Illinois at Urbana-Champaign Kristine Hankins; University of Kentucky Ryan Williams; University of Arizona.

Ryan WilliamsUniversity of Arizona. Product Market Competition in a World of Cross-Ownership: Evidence from Institutional Blockholdings. By Jie He; University of Georgia Jiekun Huang; University of Illinois at Urbana-Champaign. Jie HeUniversity of Georgia. Financial Condition and Product Quality: The Case of Nonprofit Hospitals. By Manuel Adelino; Duke University Katharina Lewellen; Dartmouth College William McCartney; Duke University.

Financial Intermediaries and Asset Prices January 8, 8: Tyler MuirUCLA. A Macroeconomic Model with Financially Constrained Producers and Intermediaries. By Vadim Elenev; New York University Tim Landvoigt; University of Texas at Austin Stijn Van Nieuwerburgh; New York University. Stijn Van NieuwerburghNew York University. Frederico BeloUniversity of Minnesota. An Equilibrium Model of Institutional Demand and Asset Prices. New Evidence from Many Asset Classes. By Zhiguo He; University of Chicago Bryan Kelly; University of Chicago Asaf Manela; Washington University in St.

Asaf ManelaWashington University in St. Robert RichmondNew York University. The Banking View of Bond Risk Premia. By Valentin Haddad; Princeton University David Sraer; University of California, Berkeley.

Liquidity and Trading in Bond and Derivatives Markets II January 8, 8: By Leif Andersen; Bank of America Merrill Lynch Darrell Duffie; Stanford University Yang Song; Stanford University. Trading Frictions in the Interbank Market, and the Central Bank.

By Jean-Edouard Colliard; HEC Paris Thierry Foucault; HEC Paris Peter Hoffmann; European Central Bank. Peter HoffmannEuropean Central Bank. Ana BabusFederal Reserve Bank of Chicago.

Liquidity and Price Pressure in the Corporate Bond Market: By Jean Helwege; University of California, Riverside Liying Wang; University of Nebraska-Lincoln.

Liying WangUniversity of Nebraska-Lincoln. Christian LundbladUniversity of North Carolina. The Cost of Immediacy for Corporate Bonds.

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Jens Dick-NielsenCopenhagen Business School. Mergers and Acquisitions January 8, 8: Isil ErelOhio State University. By Kai Li; University of British Columbia Tingting Liu; Creighton University Julie Wu; University of Nebraska-Lincoln.

Julie WuUniversity of Nebraska-Lincoln. Andrey MalenkoMassachusetts Institute of Technology. Predicting Merger Targets and Acquirers from Text. By Bryan Routledge; Carnegie Mellon University Stefano Sacchetto; University of Navarra Noah Smith; University of Washington.

Bryan RoutledgeCarnegie Mellon University. Di Andrew WuUniversity of Michigan. Decomposing the Takeover Effects of Anti-Takeover Provisions. Vicente CunatLondon School of Economics. Rob SchonlauBrigham Young University. Product Integration and Merger Success. By Gerard Hoberg; University of Southern California Gordon Phillips; Dartmouth College.

Gordon PhillipsDartmouth College. Mutual Fund Management January 8, 8: Using Managerial Attributes to Identify Market Feedback Effects: The Case of Mutual Fund Fire Sales. By Suman Banerjee; Stevens Institute of Technology Vikram Nanda; University of Texas-Dallas Steven Chong Xiao; University of Texas-Dallas.

Suman BanerjeeStevens Institute of Technology. Aleksandra RzeznikCopenhagen Business School. Lubos PastorUniversity of Chicago. Why Do Institutions Delay Reporting Their Shareholdings? Evidence from Form 13F. By Susan Christoffersen; University of Toronto Erfan Danesh; Federal Reserve Board of Governors David Musto; University of Pennsylvania.

Erfan DaneshFederal Reserve Board of Governors. A Dynamic Theory of Mutual Fund Runs and Liquidity Management. Yao ZengUniversity of Washington. Characteristics and Factors January 8, 8: Jonathan LewellenDartmouth College. Linking Cross-Sectional and Aggregate Expected Returns. By Serhiy Kozak; University of Michigan Shrihari Santosh; University of Maryland. Serhiy KozakUniversity of Michigan.

By Robert Stambaugh; University of Pennsylvania Yu Yuan; Shanghai Advanced Institute of Finance. Yu YuanShanghai Advanced Institute of Finance. The History of the Cross Section of Stock Returns. By Juhani Linnainmaa; University of Chicago Michael Roberts; University of Pennsylvania. Juhani LinnainmaaUniversity of Southern California. Bank Lending Behavior January 8, By Ulf Axelson; London School of Economics Igor Makarov; London School of Economics.

Igor MakarovLondon School of Economics. Anjan ThakorWashington University in St. The Economic Consequences of Borrower Information Sharing: Relationship Dynamics and Investment. Andrew SutherlandMassachusetts Institute of Technology. Loan Terms and Collateral: Evidence from the Bilateral Repo Market. By Jun Kyung Auh; Georgetown University Mattia Landoni; Southern Methodist University. Mattia LandoniSouthern Methodist University.

Erik GiljeUniversity of Pennsylvania. Testing the Small Bang Theory of the Financial Universe with Micro Data. By Yalin Gunduz; Deutsche Bundesbank Steven Ongena; University of Zurich Gunseli Tumer-Alkan; VU University Amsterdam Yuejuan Yu; Shandong University. Gunseli Tumer-AlkanVU University Amsterdam. Behavioral Finance II January 8, Differences of Opinion and Stock Prices: Evidence from Spin-Offs and Mergers. Tara BhandariSecurities and Exchange Commission. Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

Harjoat BhamraImperial College London. Why Don't We Agree? Evidence from a Social Network of Investors. Anthony CooksonUniversity of Colorado. Joseph EngelbergUniversity of California, San Diego. The Speed of Communication. By Shiyang Huang; University of Hong Kong Byoung-Hwoun Hwang; Cornell University Dong Lou; London School of Economics.

Capital Structure January 8, Mark LearyWashington University in St.

The Misallocation of Finance. Toni WhitedUniversity of Michigan.

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Corporate Capital Structure Actions. By Murray Frank; University of Minnesota and SAIF Tao Shen; Tsinghua University. Tao ShenTsinghua University. Armen HovakimianBaruch College. By Qi Sun; Shanghai University of Finance and Economics Mindy X. Zhang; University of Texas at Austin. ZhangUniversity of Texas at Austin. Ilona BabenkoArizona State University.

Understanding Precautionary Cash at Home and Abroad. By Michael Faulkender; University of Maryland Kristine Hankins; University of Kentucky Mitchell Petersen; Northwestern University. Corporate Governance January 8, Todd GormleyUniversity of Pennsylvania. Older and Wiser, or Too Old to Govern?

By Ronald Masulis; University of New South Wales Cong Wang; Chinese University of Hong Kong Fei Xie; University of Delaware Shuran Zhang; Chinese University of Hong Kong. Shuran ZhangChinese University of Hong Kong. Dirk JenterLondon School of Economics. Is Skin in the Game a Game Changer? By Chen Lin; University of Hong Kong Micah Officer; Loyola Marymount University Thomas Schmid; University of Hong Kong Hong Zou; University of Hong Kong. Micah OfficerLoyola Marymount University.

Ian AppelBoston College. Newly Public Firms Versus Mature Firms. Laura FieldUniversity of Delaware. Dynamic and Quantitative Models of Banking January 8, Intervention Policy in a Dynamic Environment: By Lin Cong; University of Chicago Steven Grenadier; Stanford University Yunzhi Hu; University of Chicago. Lin CongUniversity of Chicago. Xavier VivesIESE. By Eduardo Davila; New York University Itay Goldstein; University of Pennsylvania.

Eduardo DavilaNew York University. Sebastian Di TellaStanford. Financial Regulation in a Quantitative Model of the Modern Banking System. By Juliane Begenau; Harvard Business School Tim Landvoigt; University of Texas at Austin.

Tim LandvoigtUniversity of Texas at Austin. Monetary Policy and Asset Prices January 8, Annette Vissing-JorgensenUniversity of California, Berkeley.

Does Central Bank Tone Move Asset Prices? By Maik Schmeling; City University London Christian Wagner; Copenhagen Business School. Maik SchmelingCity University London.

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy. By Wenxin Du; Federal Reserve Board Carolin Pflueger; University of British Columbia Jesse Schreger; Princeton University. Adrien AuclertStanford University. Monetary Policy through Production Networks: Evidence from the Stock Market. By Michael Weber; University of Chicago Ali Ozdagli; Federal Reserve Bank of Boston.

Michael WeberUniversity of Chicago. New Methodology for Mutual Fund Performance January 8, Laurant BarrasMcGill University. Skewness Consequences of Seeking Alpha. By Kerry Back; Rice University Alan Crane; Rice University Kevin Crotty; Rice University. A Decomposition of Mutual Fund Market-timing Skills.

By Chunhua Lan; University of New South Wales Russ Wermers; University of Maryland.

Chunhua LanUniversity of New South Wales. Volatility January 8, Ian Dew-BeckerNorthwestern University. The Role of Stock Market Liquidity. By Peter Christoffersen; University of Toronto Bruno Feunou; Bank of Canada Yoontae Jeon; University of Toronto Chayawat Ornthanalai; University of Toronto.

Yoontae JeonUniversity of Toronto. By Lin Gao; University of Luxembourg Steffen Hitzemann; Ohio State University Ivan Shaliastovich; University of Pennsylvania Lai Xu; Syracuse University. Lin GaoUniversity of Luxembourg. Kyle JuradoDuke University.

Weighted Least Squares Estimates of Return Predictability Regressions. Travis JohnsonUniversity of Texas at Austin. Rasmus Tangsgaard VarneskovNorthwestern University. Variance Risk Premia on Stocks and Bonds. By Philippe Mueller; London School of Economics Petar Sabtchevsky; London School of Economics Andrea Vedolin; London School of Economics Paul Whelan; Copenhagen Business School.

Petar SabtchevskyLondon School of Economics. Asset Allocation January 8, Francisco GomesLondon Business School. Portfolio Choice with Model Misspecification: A Foundation for Alpha and Beta Portfolios. Paolo ZaffaroniImperial College London. Svetlana BryzgalovaStanford University. On the Asset Allocation of a Default Pension Fund. By Magnus Dahlquist; Stockholm School of Economics and CEPR Ofer Setty; Tel Aviv University Roine Vestman; Stockholm University.

Roine VestmanStockholm University. Clemens SialmUniversity of Texas at Austin and NBER. Information Aggregation and Asset Prices in Large Markets with Institutional Investors. By Matthijs Breugem; Frankfurt School of Finance and Management Adrian Buss; INSEAD. Matthijs BreugemFrankfurt School of Finance and Management. Bond Risk Premia January 8, Robust Bond Risk Premia. By Michael Bauer; Federal Reserve Bank of San Francisco James Hamilton; University of California, San Diego.

Michael BauerFederal Reserve Bank of San Francisco. Jing Cynthia WuUniversity of Chicago. Term Structure of Interest Rates with Short-run and Long-run Risks. By Olesya Grishchenko; Board of Governors of the Federal Reserve System Zhaogang Song; Johns Hopkins University Hao Zhou; Tsinghua University. Olesya GrishchenkoBoard of Governors of the Federal Reserve System.

Philippe MuellerLondon School of Economics. The Cross-Section of Subjective Bond Risk Premia. By Andrea Buraschi; Imperial College London Ilaria Piatti; University of Oxford Paul Whelan; Copenhagen Business School. Paul WhelanCopenhagen Business School. Finance and Development January 8, When Do Laws and Institutions Affect Recovery Rates on Collateral?

By Hans Degryse; KU Leuven Vasso Ioannidou; Lancaster University Jose Liberti; Northwestern University and DePaul University Jason Sturgess; DePaul University. Do Criminal Politicians affect Firm Investment and Value? Evidence from a Regression Discontinuity Approach. Ankur PareekRutgers University. Creditor Rights and Relationship Banking: Evidence from a Policy Experiment. By Nagpurnanand Prabhala; University of Maryland Prasanna Tantri; Indian School of Business Gursharan Bhue; University of Chicago.

Prasanna TantriIndian School of Business. Financing Frictions and the Real Economy January 8, Competition and Innovation in the Presence of Financial Constraints. William GrieserTulane University. Filippo MezzanottiNorthwestern University. Can Paying Firms Quicker Affect Aggregate Employment? By Jean-Noel Barrot; Massachusetts Institute of Technology Ramana Nanda; Harvard University.

Eric ZwickUniversity of Chicago. Aggregate Effects of Collateral Constraints. By Sylvain Catherine; HEC Thomas Chaney; Toulouse School of Economics Zongbo Huang; Princeton University David Sraer; UC Berkeley David Thesmar; MIT Sloan.

Liquidity, Frictions and Limits to Arbitrage January 8, Dimitri VayanosLondon School of Economics. Flying Under the Radar: The Effects of Short-Sale Disclosure Rules on Investor Behavior and Stock Prices. By Stephan Jank; Deutsche Bundesbank Christoph Roling; Deutsche Bundesbank Esad Smajlbegovic; Erasmus University Rotterdam. Esad SmajlbegovicErasmus University Rotterdam. Adam ReedUniversity of North Carolina-Chapel Hill. The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies.

By Yongqiang Chu; University of South Carolina David Hirshleifer; University of California, Irvine Liang Ma; University of South Carolina. Liang MaUniversity of South Carolina. Jeffrey PontiffBoston College. Slow Trading and Stock Return Predictability.

By Allaudeen Hameed; National University of Singapore Matthijs Lof; Aalto University Matti Suominen; Aalto University School of Economics. Matthijs LofAalto University. Identifying Shocks to Market Makers' Supply of Liquidity and Their Role in Economic Fluctuations. Jonathan GoldbergFederal Reserve Board. Market Structure and Market Design January 8, Pierre-Olivier WeillUniversity of California, Los Angeles.

Can Decentralized Markets Be More Efficient? By Vincent Glode; University of Pennsylvania Christian Opp; University of Pennsylvania. Christian OppUniversity of Pennsylvania. Briana ChangUniversity of Wisconsin-Madison. By Darrell Duffie; Stanford University Haoxiang Zhu; Massachusetts Institute of Technology.

Marzena RostekUniversity of Wisconsin-Madison. Endogenous Specialization and Dealer Networks. By Artem Neklyudov; University of Lausanne and Swiss Finance Institute Batchimeg Sambalaibat; Indiana University. Batchimeg SambalaibatIndiana University. Benjamin LesterFederal Reserve Bank of Philadelphia. Centralized Trading, Transparency and Interest Rate Swap Market Liquidity: Evidence from the Implementation of the Dodd-Frank Act.

By Evangelos Benos; Bank of England Richard Payne; City University London Michalis Vasios; Bank of England. Michalis VasiosBank of England. Shareholders and Governance January 8, Xavier GiroudMassachusetts Institute of Technology.

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism. By Ian Appel; Boston College Todd Gormley; University of Pennsylvania Donald Keim; University of Pennsylvania. Maria GuadalupeINSEAD. Opportunistic Proposals by Union Shareholders. By John Matsusaka; University of Southern California Oguzhan Ozbas; University of Southern California Irene Yi; University of Southern California. Oguzhan OzbasUniversity of Southern California. Analyst Coverage Network and Corporate Financial Policies.

By Armando Gomes; Washington University in St. Louis Mark Leary; Washington University in St. Louis Francisco Marcet; University of Chile.