Fall 2006

Last Updated: December 11, 2006

The seminars are scheduled every Thursday from 4:10-5:40 pm in Room C210 Cheit Hall (except for November 2 and November 21). These seminars are free and are open to the public.

September 7 Thursday

Jaksa Cvitanic (Cal Tech)
Optimal Contracts in Executive Compensation
Abstract (pdf file)
Main Paper (pdf file)
Paper #2 (pdf file)

September 14 Thursday

Tarun Chordia (Emory University)
Credit Ratings and the Cross-Section of Stock Returns (with Doron Avramov, University of Maryland; Gergana Jostova, George Washington University; and Alexander Philipov, American Univeristy) (pdf file)

September 21 Thursday

Ravi Bansal (Duke University)
Risks for the Long Run: Estimation and Inference (with Dana Kiku and Amir Yaron, University of Pennsylvania) (pdf file)

September 28 Thursday

Toni Whited (University of Wisconsin, Madison)
Which Firms Follow the Market? An Analysis of Corporate Investment Decisions (with Tor-Erik Bakke, University of Wisconsin, Madison) (pdf file)

October 5 Thursday

Holger Mueller (New York University)
Family Firms, Paternalism, and Labor Relations (with Thomas Philippon, New York University) (pdf file)

October 12 Thursday

Michael Brandt (Duke University)
Resolving Macroeconomic Uncertainty in Stock and Bond Markets (with Alessandro Beber, University of Lausanne) (pdf file)

October 19 Thursday

Jonathan Lewellen (Dartmouth College)
A Skeptical Appraisal of Asset-Pricing Tests (with Stefan Nagel, Stanford University; and Jay Shanken, Emory University) (pdf file)

October 26 Thursday

Dan Bernhardt (University of Illinois)
Toward A Quantitative Theory of Informed Finance (with Stefan Krasa, University of Illinois) (pdf file)

November 2 Thursday

Joint Stanford-Berkeley Seminar at Stanford
2:30-6:00 pm, Graduate School of Business
South Building, Room S170

2:30-4:00 pm: Jeff Zwiebel, Stanford
Executive Pay, Hidden Compensation, and Managerial Entrenchment (with Camelia Kuhnen, Northwestern University) (pdf file)
Discussant: Chris Hennessy, Berkeley

4:00-4:20 pm: Coffee Break

4:20-5:50 pm: Richard Stanton, Berkeley
Human Capital, Bankruptcy and Capital Structure (with Jonathan Berk, UC Berkeley; and Josef Zechner, University of Vienna) (pdf file)
Discussant: Paul Pfleiderer, Stanford

November 9 Thursday

Neng Wang (Columbia University)
Dynamic Investment, Capital Structure, and Debt Overhang (with Suresh Sundaresan, Columbia University) (pdf file)

November 16 Thursday

Dmitry Livdan (Texas A & M University)
Futures Prices in a Production Economy with Investment Constraints (with Leonid Kogan, Massachusetts Institute of Technology; and Amir Yaron, University of Pennsylvania) (pdf file)

November 21 Tuesday – 2:00-3:30 pm, Room C325 Cheit

Nicolae Gârleanu (University of Pennsylvania)
Demand-Based Option Pricing (with Lasse Pedersen, New York University; and Allen Poteshman, University of Illinois) (pdf file)

November 23 Thursday

No Seminar — Thanksgiving Holiday

November 30 Thursday

Tom Noe (Tulane University)
Good IPOs Draw in Bad (with Naveen Khanna, Michigan State University; and Ramana Sonti, Indian School of Business) (pdf file)

December 7 Thursday

Robert Novy-Marx (University of Chicago)
Investment-Cash Flow Sensitivity and the Value Premium (pdf file)

December 14 Thursday

Alexander Vedrashko (UC Berkeley)
Informativeness of Managerial Stock Ownership and Market Reaction to Stock Repurchase Announcements
(with Ilona Babenko, Hong Kong University of Science and Technology)