Fall 2012

Last Updated: December 5, 2012

The seminars are scheduled every Thursday from 11:10 am-12:30 pm in room C210 Cheit Hall (except for December 13). These seminars are free and are open to the public.

Faculty Coordinator, Fall Seminars: Professor Willie Fuchs

August 23 Thursday

11:10-11:30 am: Introductory Session

11:30 am-12:30 pm: Yael Hochberg (Northwestern University)
Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments (with Joshua Rauh, Stanford University) (pdf file)

August 30 Thursday

Zhiguo He (University of Chicago)
Inefficient Investment Waves (with Péter Kondor, Central European University) (paper link)

September 6 Thursday

Jess Cornaggia (Indiana University)
Credit Ratings across Asset Classes: A ≡ A? (with Kimberly Cornaggia, Indiana University; and John Hund, Rice University) (pdf file)

September 13 Thursday

Noam Yuchtman (UC Berkeley)
Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment (with Leonardo Bursztyn, UCLA; Florian Ederer, UCLA; and Bruno Ferman, George Washington University) (pdf file)
Pre-seminar faculty member: Nicolae Gârleanu

September 20 Thursday

Jonathan Zinman (Darthmouth College)
Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual Borrowing Costs (with Victor Stango, UC Davis) (pdf file)
Pre-Seminar faculty member: Johan Walden

September 27 Thursday

Edward Van Wesep (University of North Carolina)
The Idealized Electoral College Voting Mechanism and Shareholder Power (pdf file)
Pre-Seminar faculty member: Gustavo Manso

October 4 Thursday

Ing-Haw Cheng (University of Michigan)
Wall Street and the Housing Bubble (pdf file) and Appendix (pdf file) (with Sahil Raina, University of Michigan; and Wei Xiong, Princeton University)
Pre-Seminar faculty member: Annette Vissing-Jorgensen

October 11 Thursday

Michael Roberts (University of Pennsylvania)
Do Peer Firms Affect Corporate Financial Policy? (with Mark Leary, Washington University) (pdf file)
Pre-Seminar faculty member: Ulrike Malmendier

October 18 Thursday

Andrei Shleifer (Harvard University)
Money Doctors (with Nicola Gennaioli, CREI, Universitat Pompeu Fabra; and Robert Vishny, University of Chicago) (pdf file)
Pre-Seminar faculty member: Terrance Odean

October 25 Thursday

Hyun Shin (Princeton University)
Capital Flows, Cross-Border Banking and Global Liquidity (with Valentina Bruno, American University) (paper link)
Pre-Seminar faculty member: Dmitry Livdan

October 31 Wednesday

Joint Berkeley-Stanford Finance Seminar at Berkeley
2:00-5:00 pm – Koret Classroom, Room F320

2:00-2:50 pm Paper 1: Francisco Pérez-González, Stanford
Capital Structure and Taxes: What Happens When You (Also) Subsidize Equity? (with Frédéric Panier and Pablo Villanueva, Stanford University)

2:50-3:05 pm Discussant: Gustavo Manso, Berkeley

3:05-3:20 pm Floor Discussion

3:20-3:40 pm Break

3:40-4:30 pm Paper 2: Marcus Opp, Berkeley
Impatience vs. Incentives (with John Zhu, University of Pennsylvania) (pdf file)

4:30-4:45 pm Discussant: Ilya Strebulaev, Stanford

4:45-5:00 pm Floor Discussion

November 8 Thursday

Arvind Krishnamurthy (Northwestern University)
A Macroeconomic Framework for Quantifying Systemic Risk (with Zhiguo He, University of Chicago) (pdf file)
Pre-Seminar faculty member: Jim Wilcox

November 15 Thursday

Effi Benmelech (Northwestern University)
Did the Community Reinvestment Act (CRA) Lead to Risky Lending? (with Sumit Agarwal, National University of Singapore; Nittai Bergman, MIT; and Amit Seru, University of Chicago) (pdf file)
Pre-Seminar faculty member: Marcus Opp

November 22 Thursday

Thanksgiving Holiday – No Seminar

November 29 Thursday

Dimitris Papanikolaou (Northwestern University)
Technological Innovation: Winners and Losers (with Leonid Kogan, MIT; and Noah Stoffman, Indiana University) (pdf file)
Pre-Seminar faculty member: Brett Greeen

December 6 Thursday

Philip Bond (University of Minnesota)
Government Intervention and Information Aggregation by Prices (with Itay Goldstein, University of Pennsylvania) (pdf file)
Pre-Seminar faculty member: Alexei Tchistyi

December 13 Thursday (Room TBA)

Toby Moskowitz (University of Chicago)
Trading Costs of Asset Pricing Anomalies (with Andrea Frazzini and Ronen Israel, AQR Capital Management) (pdf file)
Pre-Seminar faculty member: Hanno Lustig

For more information about the Finance Seminars, please contact June Wong, faculty assistant, at (510)642-1499 or e-mail her: june@haas.berkeley.edu