2009 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              NYU Salomon Center

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

Friday, December 4, 2009

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 28. 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.

Revised versions of some papers will be available soon.

9:00 Registration and Continental Breakfast
9:30 Introduction
Matthew Richardson, Director, NYU Salomon Center
9:45 Chair: Edwin J. Elton, New York University
Markus Brunnermeier and Yuliy Sannikov, Princeton University
"A Macroeconomic Model with a Financial Sector"
Discussant: Thomas Philippon, New York University
10:45 Refreshment Break
11:00 Chair: Matthew Spiegel, Yale University
Mike Burkart, Stockholm School of Economics and London School of Economics, and Samuel Lee, New York University
"Signaling in Tender Offer Games"
Discussant: Bilge Yilmaz, University of Pennsylvania
12:00 Refreshment Break
12:15 Chair: Martin J. Gruber, New York University
James J. Choi, Yale School of Management and NBER, Li Jin, Harvard Business School, and Hongjun Yan, Yale School of Management
"Does Ownership Breadth Predict Stock Returns? New Evidence from Market- Wide Holdings Data"
Discussant: Harrison Hong, Princeton University
1:15 Luncheon

Keynote Speaker: Bala G. Dharan, Charles River Associates
2:15 Chair: Miguel A. Herce, Charles River Associates
João F. Gomes, University of Pennsylvania and Lukas Schmid, Duke University
"Equilibrium Credit Spreads and the Macroeconomy"
Discussant: Neng Wang, Columbia University
3:15 Refreshment Break
3:30 Chair: TBA
Andrew Ang, Columbia University and NBER, and Dennis Kristensen, Columbia University and CREATES
"Testing Conditional Factor Models"
Discussant: William Goetzmann, Yale University
4:45 Reception