2007 NYU Stern 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.


CRA International             JPMorgan                  NYU Salomon Center

  CRA International Logo 75x73 image             JPMorgan Logo 149x23 image            Stern Logo bw 113x102 image

Program Participants from:
Columbia University | New York University | Princeton University
University of Pennsylvania | Yale University

Friday, December 7, 2007

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 

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

To register for the conference and reserve your luncheon ticket, please send an email to salomon@stern.nyu.edu by November 30. 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 Mary Jaffier know by November 30.


9:00Registration and Continental Breakfast
Matthew Richardson, Director, NYU Salomon Center
9:45Chair: Lawrence R. Glosten, Columbia University
Nicholas Barberis, Yale University and Wei Xiong, Princeton University
"Realization Utility"
Discussant: Patrick Bolton, Columbia University
10:45Refreshment Break
11:00Chair: TBA
Martijn Cremers and Antti Petajisto, Yale School of Management
"How Active Is Your Fund Manager? A New Measure That Predicts Performance"
Discussant: Anthony Lynch, New York University
12:00Refreshment Break
12:15Chair: TBA
Crocker Liu, Arizona State University and David Yermack, New York University,
"Where are the Shareholders’ Mansions? CEOs’ Home Purchases, Stock Sales, and Subsequent Company Performance"
Discussant: Andrew Metrick, University of Pennsylvania
2:15Chair: TBA
Massimo Massa, INSEAD, Ayako Yasuda, University of Pennsylvania, and Lei Zhang, INSEAD
"Institutional Investors, Credit Supply Uncertainty, and the Leverage of the Firm"
Discussant: Heather Tookes, Yale University
3:15Refreshment Break
3:30Chair: José A. Scheinkman, Princeton University
Jialin Yu, Columbia University
"Top-down or Bottom-up: Commonality in Disagreement and Asset Pricing"
Discussant: Harrison Hong, Princeton University