2014 Program Archive

Session I
Session Chair: Wayne Ferson (USC)

Heterogeneous Innovations, Firm Creation and Destruction, and Asset Prices
Jan Bena (UBC), Lorenzo Garlappi (UBC), and Patrick Grüning (Goethe University)
Discussant: Dmitry Livdan (UC Berkeley)

Volatility Risks and Growth Options
Hengjie Ai (University of Minnesota) and Dana Kiku (UIUC)
Discussant: Andres Donangelo (UT Austin)

Session II
Session Chair: Jeffrey Zwiebel (Stanford)

Precautionary Savings with Risky Assets: When Cash is Not Cash
Ran Duchin (University of Washington), Thomas Gilbert (University of Washington), Jarrad Harford (University of Washington), and Christopher Hrdlicka (University of Washington)
Discussant: Laurent Fresard (University of Maryland)

CEO Investment Cycles
Yihui Pan (University of Utah), Tracy Wang (University of Minnesota), and Michael Weisbach (Ohio State University)
Discussant: Ran Duchin (University of Washington)

Session III
Session Chair: Hank Bessembinder (University of Utah)

Out-Of-The-Money CEOs: Private Control Premium and Option Exercise by CEOs
Vyacheslav Fos (UIUC) and Wei Jiang (Columbia)
Discussant: Lalitha Naveen (Temple University)

Corporate News Releases and Equity Vesting
Alex Edmans (LBS), Luis Goncalves-Pinto (National University of Singapore), Yanbo Wang (INSEAD), and Moqi Xu (LSE)
Discussant: Wayne Guay (University of Pennsylvania)

Session IV
Session Chair: Rajnish Mehra (ASU)

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
Nicolae Gârleanu (UC Berkeley), Stavros Panageas (University of Chicago), and Jianfeng Yu (University of Minnesota)
Discussant: Adam Zawadowski (Boston University)

Monetary Policy Drivers of Bond and Equity Risks
John Campbell (Harvard), Carolin Pflueger (UBC), and Luis Viceira (Harvard)
Discussant: Rossen Valkanov (UC San Diego)

Very Long-Run Discount Rates
Stefano Giglio (University of Chicago), Matteo Maggiori (NYU), and Johannes Stroebel (NYU)
Discussant: Barney Hartman-Glaser (UCLA)

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