# 2012 Conference Details

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.

Sponsored by

![Cornerstone Research](https://www.stern.nyu.edu/sites/default/files/assets/images/con_038275.gif)

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

Date:
Friday, December 7, 2012

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, 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 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 us know by December 3.

Program

9:00 Registration and Continental Breakfast

9:30 Introduction

9:45 Kent Daniel, Columbia University
Tobias Moskowitz, University of Chicago
[Momentum Crashes](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_038332.pdf)
Discussant: William Goetzmann, Yale University

10:45 Refreshment Break

11:00 Alex Edmans, University of Pennsylvania
Itay Goldstein, University of Pennsylvania
Wei Jiang, Columbia University
[Feedback Effects and the Limits to Arbitrage](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_038297.pdf)
Discussant: Wei Xiong, Princeton University

12:00 Refreshment Break

12:15 Karthik Balakrishnan, University of Pennsylvania
Mary Billings,NYU Stern School of Business
Bryan Kelly, University of Chicago
Alexander Ljungqvist, NYU Stern School of Business
[Shaping Liquidity: On the Causal Effects of Voluntary Disclosure](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2150035%20)
Discussant: Larry Glosten, Columbia University

1:15 Lunch
Keynote Speaker:
Allan W. Kleidon, Senior Vice President, Cornerstone Research
["Valuation Issues in Mergers and Acquisitions"](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_038835.pdf)

2:15 Ji Shen, London School of Economics
Hongjun Yan, Yale University
Jinfan Zhang, Yale University
[Collateral-Motivated Financial Innovation](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_038299.pdf)
Discussant: Vincent Glode, University of Pennsylvania

3:15 Refreshment Break

3:30 Harrison Hong, Princeton University
David Sraer, Princeton University
[Speculative Betas](https://www.stern.nyu.edu/sites/default/files/assets/documents/con_038300.pdf)
Discussant: Lasse Heje Pedersen, NYU Stern School of Business

4:30 Reception