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 International | Salomon Center |
 |  |
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:
| 9:00 | Registration and Continental Breakfast |
| 9:30 | Introduction Ingo Walter, Vice Dean of Faculty, NYU Stern |
| 9:45 | Chair: 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 |
| 10:45 | Refreshment Break |
| 11:00 | Chair: 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 |
| 12:00 | Refreshment Break |
| 12:15 | Chair: 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 |
| 1:15 | Lunch Keynote Speaker: Bala Dharan, CRAI |
| 2:15 | Chair: 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 |
| 3:15 | Refreshment Break |
| 3:30 | Chair: 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 |
| 4:45 | Reception |