# Festschrift 2016 - Conference in Honor of the 70th Birthday of Marti G. Subrahmanyam **Festschrift 2016 - Conference in Honor of the 70th Birthday of Marti G. Subrahmanyam** NYU Stern School of Business 44 W 4th Street New York, New York KEYNOTE LECTURE BY ROBERT C. MERTON MIT SLOAN SCHOOL OF MANAGEMENT Friday, September 16, 2016 5:30 p.m. Reception\* NYU Stern, Henry Kaufman Management Building 11th Floor, Abbe-Bogen/Cantor Faculty Lounge, 44 W. 4th Street Welcome Address: Peter Henry, Dean, NYU Stern School of Business Speaker: Edward Altman, NYU Stern School of Business 7:30 p.m. Dinner\* Rosenthal Pavillon, NYU Kimmel Center 10th Floor, 60 Washington Square South Master of Ceremonies: Viral Acharya, NYU Stern School of Business 8:30 p.m. Keynote Addresses Robert C. Merton, Nobel Laureate in Economics and School of Management Distinguished Professor of Finance, MIT Sloan School of Management “Marti Subrahmanyam, the Early Years, at the Inflection Point of Modern Finance” 9:30 p.m. Speakers Menachem Brenner, NYU Stern School of Business Narayanan Vaghul, Former Chairman, ICICI Bank N.R. Narayana Murthy, Founder and Former Chairman, Infosys Atsushi Yoshikawa, Senior Advisor and Former President & COO, Nomura Holdings Chanda Kochhar, Managing Director & CEO, ICICI Bank Sang Yong Park, Yonsei University Marthi Venkatesh Mannar, Founder and Former President, Micronutrient Initiative Marti G. Subrahmanyam, NYU Stern School of Business Saturday, September 17, 2016 Master of Ceremonies: Ingo Walter, NYU Stern School of Business Venue: Gitlow Amphitheater, NYU Stern, Henry Kaufman Management Building, 44 W. 4th Street SESSION I: MARTI'S PHD STUDENTS 9:00 a.m. Chair: Jun Uno, Waseda University [Risk-Sharing and the Creation of Systemic Risk](https://www.stern.nyu.edu/sites/default/files/assets/documents/Risk-sharing%20and%20the%20creation%20of%20systemic%20risk_09-04-2016.pdf) by Viral Acharya, Aaditya Iyer, and Rangarajan K Sundaram Viral Acharya, NYU Stern School of Business Discussant: Stewart Myers, MIT Sloan School of Management 9:45 a.m. Chair: Loriana Pelizzon, Goethe University Credit Risk Hedging by Nina Boyarchenko and Or Shachar. Or Shachar, Federal Reserve Bank of New York Discussant: Dragon Tang, University of Hong Kong 10:30 a.m. Coffee Break\* 11:00 a.m. Chair: Robert Whitelaw, NYU Stern School of Business [Margin Credit and Stock Return Predictability](https://www.stern.nyu.edu/sites/default/files/assets/documents/DKP_Margin_Credit_20160901.pdf) by Prachi Deuskar, Nitin Kumar, and Jeramia Allan Poland Prachi Deuskar, Indian School of Business Discussant: Rainer Jankowitsch, Vienna University of Economics and Business SESSION II: MARTI'S CO-AUTHORS I 11:45 a.m. Chair: Raghu Sundaram, NYU Stern School of Business [Belief Dispersion in the Stock Market](https://www.stern.nyu.edu/sites/default/files/assets/documents/Dispersion_Draft_2016_0816.pdf) by Adem Atmaz and Suleyman Basak Suleyman Basak, London Business School Discussant: Michael Brennan, UCLA Anderson School of Management Lunch Break Venue: 11th Floor, Cantor Boardroom, 44 W. 4th Street 12:30 p.m. Lunch and Storytelling\* Welcome Address: Elizabeth Morrison, NYU Stern School of Business Speaker: Gunter Franke, University of Konstanz SESSION III: MARTI'S CO-AUTHORS II 2:00 p.m. Chair: Wolfgang Bühler, University of Mannheim [Multi-Market Trading and Cross-Asset Integration](https://www.stern.nyu.edu/sites/default/files/assets/documents/AUGUSTIN-AJSS-2016JUL19.pdf) by P. Augustin, F. Jiao, S. Sarkissian, and M. Schill Patrick Augustin, McGill University Discussant: Sreedhar Bharath, Arizona State University 2:45 p.m. Chair: Anthony Saunders, NYU Stern School of Business [Interbank Intermediation](https://www.stern.nyu.edu/sites/default/files/assets/documents/Krahnen%20interbank-intermediation.pdf) by Marcel Bluhm, Ci-Pierre Georg, and Jan-Pieter Krahnen, Jan-Pieter Krahnen, Goethe University and Frankfurt House of Finance Discussant: Thomas Chemmanur, Boston College 3:30 p.m. Coffee Break SESSION IV: MARTI'S CO-AUTHORS III 4:00 p.m. Chair: Paolo Pasquariello, University of Michigan [Risk Management with Supply Contracts](https://www.stern.nyu.edu/sites/default/files/assets/documents/Almeida-AHW_5_31_2016_rmw.pdf) by Heitor Almeida, Kristine Watson Hankins, and Ryan Williams Heitor Almeida, University of Illinois Discussant: Anurag Gupta, Case Western Reserve University 5:45 p.m. Closing Remarks: Marti G. Subrahmanyam, NYU Stern School of Business [Festschrift Booklet](https://www.stern.nyu.edu/sites/default/files/assets/documents/Festschrift%20Booklet_v002-1.pdf) Video of the Event - Available upon request, email Scientific and Organizing Committee: Viral Acharya, Patrick Augustin, Uttara Marti, Usha Subrahmanyam, Davide Tomio, David Yermack \*Sponsored by NYU Stern School of Business