Spring 2005

Last Updated: May 10, 2005

The seminars are scheduled every Thursday from 4:10-5:40 pm in Room C135 Cheit Hall. These seminars are free and are open to the public.

February 17 Thursday

Eduardo Schwartz (UCLA)
Homeownership as a Constraint on Asset Allocation (with Stephen Cauley, UCLA; and Andrey Pavlov, Simon Fraser University and CIRANO) (pdf file)

February 24 Thursday

Tan Wang (University of British Columbia)
A Simple Theory of Asset Pricing under Model Uncertainty (with Leonid Kogan, MIT) (pdf file)

March 3 Thursday

Enrico Perotti (Universiteit van Amsterdam)
The Political Economy of Dominant Investors (with Ernst-Ludwig von Thadden, Université de Lausanne and CEPR) (pdf file)

March 10 Thursday

Stephen Ross (Massachusetts Institute of Technology)
Things I Don’t Know About Finance (no paper)

March 17 Thursday

Robert Shiller (Yale University)
Irrational Exuberance and the President’s Plan for Personal Accounts (pdf file)

March 24 Thursday

No Seminar — Spring Break

March 31 Thursday

Bruno Biais (University of Toulouse and CEPR)
Dynamic Security Design (with Thomas Mariotti, University of Toulouse; Guillaume Plantin, Carnegie Mellon University; and Jean-Charles Rochet, University of Toulouse) (pdf file)

April 7 Thursday

Malcolm Baker (Harvard University; visiting at Stanford)
Corporate Financing Decisions When Investors Take the Path of Least Resistance (with Joshua Coval and Jeremy Stein, Harvard University) (pdf file)

April 14 Thursday

Mitchell Petersen (Northwestern University)
Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (pdf file)

April 21 Thursday

Josef Zechner (University of Vienna)
Market Discipline and Internal Governance in the Mutual Fund Industry (with Thomas Dangl, Vienna University of Technology; and Youchang Wu, University of Vienna) (pdf file)

April 28 Thursday

Robert McDonald (Northwestern University)
Portfolio Choice and Corporate Financial Policy When There Are Tax-Intermediating Dealers (pdf file)

May 5 Thursday

Roman Inderst (INSEAD and London School of Economics)
Keeping the Board in the Dark: CEO Compensation and Entrenchment (with Holger Mueller, New York University) (pdf file)


Joint Berkeley-Stanford Seminar — at Berkeley
Room C220 Cheit Hall, 2:30-5:40 pm

2:30-3:30 Speaker: Ulrike Malmendier (Stanford)
Superstar CEOs (with Geoffrey Tate, University of Pennsylvania) (pdf file)

3:30-3:40 Discussant: Anusha Chari (University of Michigan and Berkeley)

3:40-3:50 General Discussion

3:50-4:20 Break

4:20-5:20 Speaker: Richard Stanton (Berkeley)
Liquidity and Closed End Funds (with Martin Cherkes, Princeton University; and Jacob Sagi, UC Berkeley)

5:20-5:30 Discussant: Darrell Duffie (Stanford)

5:30-5:40 General Discussion