Preliminary Program
Summer Institute of Finance July 15 – July 16, 2016, Shanghai, China Thursday, July 14, 2016
Registration and Reception: 7:00pm-8:30 pm (Location: M-box, Shanghai)
MAP
Day One---China Session, Friday, July 15, 9.00am – 12.20pm
MAP
Housing Price and Fundamentals in A Transition Economy: The Case of Beijing Market Bing Han, University of Toronto Lu Han, University of Toronto Guozhong Zhu, University of Alberta Discussant: Jiangze Bian, UIBE Capital Structure Misallocation Toni Whited, University of Michigan Ross School of Business Jake Zhao, Stony Brook University Discussant: Nan Xiong, SAIF Coffee Break: 10:30am - 10:50am In The Shadow of Banks: Wealth Management Products and Issuing Banks’ Risk in China Jun Qian, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Viral V. Acharya, Stern School of Business, New York University Zhishu Yang, School of Economics and Management, Tsinghua University Discussant: Hao Wang, Tsinghua University Ownership and Financing Discrimination: Evidence from Investment-Cash Flow Sensitivity of Chinese Listed Firms Jinyu Liu, Tsinghua University Zhengwei Wang, Tsinghua University Wuxiang Zhu, Tsinghua University Discussant: Feng Zhang, The University of Utah Day Two, Saturday, July 16
Morning Session: 9:00am-12:20pm Disentangling the Effects of State Ownership on Investment - Evidence From Europe Patrick Jaslowitzer, Philipps-Universität Marburg William L. Megginson, Price College of Business, University of Oklahoma Marc Steffen Rapp, Philipps-Universität Marburg Discussant: Andrew Winton, University of Minnesota Dynamic Q-Theory with Agency Investment Frictions and Cross-sectional Stock Returns Qinghao Mao, Erasmus University Rotterdam Lei Mao, University of Warwick K.C. John Wei, Hong Kong University of Science and Technology Discussant: Erica Li, CKGSB Coffee Break: 10:30am - 10:50am Investment Shocks and Cross-sectional Returns: An Investment-based Approach Lorenzo Garlappi, University of British Columbia Zhongzhi Song, Cheung Kong Graduate School of Business Discussant: Harold Zhang, The University of Texas at Dallas Dealer Liquidity Provision and Price Discovery in Distressed Markets Ke Wang, Federal Reserve Board Song Han, Federal Reserve Board Discussant: Henry Cao, CKGSB Lunch: 12:30pm - 1:30pm Afternoon Session: 2:00pm-5:20pm A Model of Costly Interpretation of Asset Prices Xavier Vives, IESE Business School Liyan Yang, Rotman School, University of Toronto Discussant: Yizhou Xiao, Chinese University of Hong Kong The Term Structure of the Price of Variance Risk Marianne Andries, Toulouse School of Economics Thomas Eisenbach, Federal Reserve Bank of New York Martin Schmalz, University of Michigan Yichuan Wang, University of Michigan Discussant: Hongjun Yan, DePaul University Coffee Break: 3:30pm - 3:50pm A Portfolio Rebalancing Theory of Disposition Effect Min Dai, Dept. of Math, NUS Hong Liu, Washington University in St. Louis Jing Xu, Renmin University of China Discussant: Wenxi Jiang, Chinese University of Hong Kong The Multinational Return Premium: Investor’s Perspective Xiaoyan Zhang, Purdue University Yeejin Jang, Purdue University Xue Wang, Purdue University Discussant: Tianxiao Zheng, SAIF Dinner: 6.30pm (Location: Shanghai Hantong Seafood Restaurant, Shanghai) |