Finance Seminars

Finance Group

Finance Seminars (PhDBA 239S)

Spring 2014

Updated: May 12, 2014

The seminars are scheduled every Thursday from 11:10 am-12:30 pm in room C220 Cheit Hall. These seminars are free and are open to the public.

Faculty Coordinator, Spring Seminars:  Professor Brett Green

February 20 Thursday

Chris Parsons (University of California, San Diego)
Worrying About the Stock Market: Evidence from Hospital Admissions (with Joseph Engelberg, UC San Diego)  (pdf file)
Pre-seminar faculty member:  Ulrike Malmendier

February 27 Thursday

Pierre Collin-Dufresne (Columbia University and Swiss Finance Institute)
Insider Trading, Stochastic Liquidity and Equilibrium Prices (with Vyacheslav Fos, University of Illinois, Urbana-Champaign)  (pdf file)
Will also draw on the empirical paper, Do Prices Reveal the Presence of Informed Trading? (with Vyacheslav Fos)  (pdf file)
Pre-seminar faculty member:  Dmitry Livdan

March 6 Thursday

Curtis Taylor (Duke University)
Selloffs, Bailouts, and Feedback: Can Asset Prices Inform Policy? (with Raphael Boleslavsky and David Kelly, University of Miami)  (pdf file)
Pre-seminar faculty member:  Marcus Opp

March 13 Thursday

David Easley (Cornell University)
The Case for Incomplete Markets (with Lawrence Blume and Viktor Tsyrennikov, Cornell University; and Timothy Cogley and Thomas Sargent, New York University)  (pdf file)

March 20 Thursday

Andrea Eisfeldt (UCLA)
Aggregate Issuance and Savings Wave (with Tyler Muir, Northwestern University)  (pdf file)

March 27 Thursday

No Seminar - Spring Break

April 3 Thursday

Joint Stanford-Berkeley Finance Seminar at Stanford
1:00-5:50 pm, Knight Management Center, Class of 1968 Building, Room C102

Shorter presentations:

1:00-1:35 pm   Bradyn Breon-Drish, Stanford:  TBA

1:35-2:10 pm   Adair Morse, Berkeley:  Lawyers in the Executive Suite: Gatekeepers as Internal Governance (with Wei Wang and Serena Wu, Queen's University)  (pdf file)

2:10-2:30 pm   Coffee Break

2:30-3:40 pm   Shai Bernstein, Stanford:  Is it Just the Idea that Matters? A Randomized Field Experiment on Early Stage Investments (with Arthur Korteweg, Stanford University; and Kevin Laws, AngelList, LLC)  (pdf file)

3:40-4:00 pm   Discussion by Ross Levine, Berkeley

4:00-4:20 pm   Coffee Break

4:20-5:30 pm   Marcus Opp, Berkeley:  Higher Capital Requirements, Safer Banks? Macroprudential Regulation in a Competitive Financial System (with Milton Harris, University of Chicago; and Christian Opp, University of Pennsylvania)  (pdf file)

5:30-5:50 pm    Discussion by Anat Admati, Stanford

April 10 Thursday

Stephen Morris (Princeton University)
Information and Market Power in Rational Expectations Equilibrium (with Dirk Bergemann and Tibor Heumann, Yale University)  (pdf file) (Paper updated 4/7/14)
Pre-Seminar faculty member:  Brett Green

April 17 Thursday

Xavier Vives (IESE Business School, University of Navarra)
Expectations, Liquidity, and Short-term Trading (with Giovanni Cespa, City University London)  (pdf file)
Pre-Seminar faculty member:  Johan Walden

April 24 Thursday

Martin Eichenbaum (Northwestern University)
Valuation Risk and Asset Pricing (with Rui Albuquerque, Boston University; and Sergio Rebelo, Northwestern University)  (pdf file)

May 1 Thursday

Bruno Biais (University of Toulouse)
Risk-Sharing or Risk-Taking? An Incentive Theory of Counterparty Risk, Clearing and Margins (with Florian Heider and Marie Hoerova, European Central Bank)  (pdf file)
Pre-Seminar faculty member:  Annette Vissing-Jorgensen

May 8 Thursday

Dimitri Vayanos (London School of Economics)
Financial Markets where Traders Neglect the Informational Content of Prices (with Erik Eyster, London School of Economics; and Matthew Rabin, University of California-Berkeley)  (pdf file)
Pre-Seminar faculty member:  Nicolae G├órleanu

May 15 Thursday

Antonio Bernardo (UCLA)
Capital Structure with Endogenous Liquidation Values (with Ivo Welch, UCLA)  (pdf file)
Pre-Seminar faculty member:  Gustavo Manso

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