2015 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's participant schools will present one of the papers on the program.

 
Sponsored by  
   
  NNavagantEconomicsLogo

Date:
Friday, December 4, 2015

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

Organizers:
Yakov Amihud, NYU School of Business
Kose John, NYU Stern School of Business

Registration:
To register for the conference and reserve your luncheon ticket, please send an email to salomon@stern.nyu.edu by November 27. 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 27.
 
Program

 
9:00 Registration and Continental Breakfast
9:30 Introduction
Peter Blair Henry
Dean, NYU Stern School of Business
9:45 Chair: Robert Hodrick, Columbia Business School
Ralph S.J. Koijen, London Business School
Motohiro Yogo, Princeton University
An Equilibrium Model of Institutional Demand and Asset Prices
Discussant: Michael Johannes, Columbia Business School
10:45 Refreshment Break
11:00 Chair: Charles Jones, Columbia Business School
Sabrina T. Howell, NYU Stern School of Business
Relaxing Constraints on Risk Management: Evidence from a Natural Experiment
Discussant: Adrien Matray, Princeton University
12:00 Refreshment Break
12:15 Chair: Xavier Gabaix, NYU Stern School of Business
Paolo Guasoni, Boston University
Gur Huberman, Columbia Business School
Asset Pricing for the Shortfall Averse  [Presentation]
Discussant
: Nicholas Barberis, Yale University
1:15 Lunch
Speaker: Sumon Mazumdar, Lead Director of the Securities & Finance Practice at Navigant Economics, LLC
"Reinterpreting Lessons from History: CDOs, Fair Value Accounting, and the 2007-2009 Global Financial Crisis”
2:15 Chair: Francis Diebold, University of Pennsylvania
Alan Moreira, Yale School of Management
Tyler Muir, Yale School of Management
Volatility Managed Portfolios
Discussant: Ivan Shaliastovich, University of Pennsylvania
3:15 Refreshment Break
3:30 Chair: Zhiwu Chen, Yale School of Management
Jonathan Berk, Stanford University
Jules H. Van Binsbergen, University of Pennsylvania
Binying Liu, Northwestern University
Matching Capital and Labor
Discussant: Stephen Brown, NYU Stern
4:30 Cocktail Reception