NYU Stern

2011 Five-Star Conference on Research in Finance

This conference brings together finance researchers from several northeastern universities. We invite colleagues at all schools in the northeast, and others interested in current finance research, to a day of research presentations in finance. Faculty from each of the program participant schools will present one of the papers on the program.

Sponsors
:

CRA InternationalSalomon Center
CRA International Logo 75x73 imageStern Logo bw 113x102 image
                                                                         
 Program Participants from:
Columbia University | New York University | Princeton University
University of Pennsylvania | Yale University


Date:
Friday, December 2, 2011

Location:
New York University
Stern School of Business
Kaufman Management Center, Room 2-60
44 West Fourth Street
New York, NY 10012

Directions to Stern:
Click here

Organizers:
Yakov Amihud, New York University
Kose John, New York University

Registration:
To register for the conference and reserve your luncheon ticket, please send an email to salomon@stern.nyu.edu by November 25. Indicate your name, university/affiliation, and email address in your response.

Special Request from Organizers:
Last year there was a large number of people who registered and did not show up. Please understand that this creates difficulties in organization and catering. We would like to ask you to register only if you are reasonably sure of being able to attend. And, if after having registered you find out that you are unable to attend, please let us know by November 29.

Program:

9:00Registration and Continental Breakfast
9:30Introduction
Ingo Walter, Vice Dean of Faculty, NYU Stern
9:45Chair: Lawrence Glosten, Columbia Business School
Jakub W. Jurek, Princeton University, and Erik Stafford, Harvard Business School
The Cost of Capital for Alternative Investments
Discussant: Marti Subrahmanyam, NYU Stern
10:45Refreshment Break
11:00Chair: Nicholas Barberis, Yale School of Management
Moshe Cohen, Sharon Katz, and Gil Sadka, Columbia Business School
The Effects of Increasing Lending to Constrained Firms During a Crisis: Evidence from an Accounting Based Shock to Debt Capacity
Discussant: Michael Roberts, Wharton School, University of Pennsylvania
12:00Refreshment Break
12:15Chair: Jose A. Scheinkman, Princeton University
Jonathan E. Ingersoll, Jr., Yale School of Management
Cumulative Prospect Theory and the Representative Investor
Discussant: Harrison Hong, Princeton University
1:15Lunch
Keynote Speaker: Bala Dharan, CRAI
2:15Chair: Stephen Brown, NYU Stern
Ravi Bansal, Duke University and NBER, Dana Kiku, Ivan Shaliastovich, and Amir Yaron, Wharton School, University of Pennsylvania
“Volatility, the Macroeconomy and Asset Prices
Discussant: Maxim Ulrich, Columbia Business School
3:15Refreshment Break
3:30Chair: Karen Lewis, Wharton School, University of Pennsylvania
Viral V. Acharya, Itamar Drechsler, and Philipp Schnabl, NYU Stern
A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk
Discussant: Matthew Spiegel, Yale School of Management
4:45Reception