Forskarseminarier vänder sig främst till forskare inom finans på Handelshögskolan, till vilka externa finansforskare bjuds in som talare.
Lunchseminarier schemalagda till torsdagar kl. 12.05-13.15.
Kommande seminarier 2023
Hans Hvide (Bergen)
Dag: juni 1
Merih Sevilir (Indiana)
Michael Weber (Booth)
Ilan Cooper (BI)
Ran Xing (SBS)
Ola Kvaloy (Stavanger)
Naveen Khanna (Michigan State Univ.)
Tidigare seminarier 2023
Jonas Eriksen (Aarhus)
Dag: mars 23
Thummim Cho (LSE)
Dag: maj 4
Isaiah Hull (Sveriges Riksbank)
Dag: 10:e februari
Dacheng Xiu (Booth)
Dag: 17:e mars
Francesco D'Acunto (Boston College)
Dag: 24:e mars
Ai Jun Hou (Stockholm Business School)
Dag: 28:e april
Mirco Rubin (EDHEC)
Dag: 26:e maj
Mao Ye (UIUC)
Dag: 2:e juni
Matthias Sutter (Max Planck Institute, Bonn)
Dag: 9:e juni
Thomas Geelen (CBS)
Dag: 22:e september
Raman Uppal (EDHEC)
Dag: 6:e oktober
Jesper Linde (IMF)
Dag: 27:e oktober
Ran Xing (SBS)
Dag: 17:e november
Zhang, Ye (SSE)
Dag: 24:e november
Tobias Sichert (SSE)
Dag: 1:e december
John Thanassoulis (Warwick)
Day: February 11
Ming Zeng (CFF)
Day: February 18
Gavin Guanhao Feng (City University of Hong Kong)
Day: February 25
Jules van Binsbergen (University of Pennsylvania)
Day: March 11
Serhiy Kozak (Maryland)
Day: March 25
Niels Gormsen (Chicago)
Day: April 15
Daniele Bianchi (Queen Mary)
Day: May 6
Ai Jun Hou (Stockholm Business School)
Day: May 27
Mao Ye (JUIUC) - cancelled!
Day: September 9
Ralph Koijen (Chicago)
Day: September 30
Michael Bauer (Hamburg)
Day: October 28
Félix Neubergh lecture
Lars Jonung (Lund)
Day: November 25
Andrea Tamoni (Rutgers)
Day: December 9
Bo Becker (SSE)
Shades of green: why do firms issue green bonds?
Day: January 29
Jan Starmans (SSE)
Contracting and Search with Heterogeneous Principals and Agents
Day: January 30
The Life-Cycle of Dual Class Firm Valuation
Day February 27
Olivier Scaillet (SFI, Geneva) - online
Skill, Scale, and Value Creation in the Mutual Fund Industry
Day: September 17
Andrew Patton (Duke) - online
Realized Semibetas: Signs of Things to Come
Day: October 15
Pasquale Della Corte (Imperial College) - online
Day: October 22
Huichou Huang (CityU of Hong Kong) - online
Day: November 5
Dong Yan (SSE) - online
Day: November 22
Peter Feldhütter (CBS) - online
Day: December 3
Swarnodeep Homroy (Groningen) - online
Day: December 10
Doron Sonsino (Ben-Gurion University)
"The willingness to accommodate small losses for worthy structured gains - experimental evidence"
Day: February 21
Bernd Schwaab (ECB)
"Risk endogeneity at the lender/investor-of-last-resort"
Day: March 7
Joel Hasbrouck (NYU)
"Price discovery in high resolution"
Day: March 21
Carsten Sörensen (CBS)
"title to be decided"
Day: April 4
Noah Lim (NUS)
"Examining Salesperson Effort Allocation in Teams: A Randomized Field Experiment"
Day: April 11
Thomas Noe (Oxford University)
"Ownership Structure, Reputation Crises and Recovery: Theory and Experiment"
Day: May 2
Daniel Paravasini (LSE)
Day: September 19
Ming Zeng (CFF)
"Equilibrium Trend and Cycles in Equity and Bond Yields"
Day: September 26
Julien Penasse (Luxembourg)
"Understanding Alpha Decay"
Day: October 3
Dawei Fang (CFF)
"Does the cream rise to the top? Luck, talent, success, and merit"
Day: October 10
Guofo Zhou (Washington U in St Louis)
"Factor Models: Limitations and Extensions"
Day: October 17
Read paper 1 and 2
Eric Renault (University of Warwick)
"Identification-Robust Inference for Risk Prices in Structural Stochastic Volatility Models"
Day: November 7
Pawel Gola (BI Norwegian Business School)
"On the Importance of Social Status for Labour Markets"
Day: November 14
Andras Fulop (ESSEC)
"Real-Time Macro Information and Bond Return Predictability: Does Deep Learning Help?"
Day: November 21
Magnus Dahlquist (SSE)
"Hedge Funds and Financial Intermediariest"
Day: November 28
Pete Kyle (Maryland)
"Dimensional Analysis, Leverage Neutrality, and Market Microstructure Invariance"
Darya Yuferova (NHH Bergen)
"Intraday Return Predictability, Informed Limit Orders, and Algorithmic Trading"
Egle Karmaziene (Groningen)
"Incentives of Financial Analysts: Trading Turnover and Compensation"
Angelo Ranaldo (St Gallen)
Björn Hagströmer (Stockholm University)
"A Network Map of Information Percolation"
Jörg Rocholl (ESMT Berlin)
"The Cleansing Effect of Banking Crises"
Stefan Pitschner (Uppsala)
"Shortages in Corporate Liquidity During Crises and Normal Times: Evidence From Corporate Filings"
Evangelos Benos (Bank of England)
"Centralized Trading, Transparency and Interest Rate Swap Market Liquidity: Evidence from the Implementation of the Dodd-Frank Act"
Edward Altman (NYU)
"Credit Cycle Outlook and the Altman Z-Score Models After 50 Years"
Youngju Nielsen (Sungkyunkwan University)
"The Value of Due Diligence: The Case for Passive Hedge Fund of Funds"
Kasper Roszbach (Norges Bank)
"Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance"
Jens Josephson (SBS Stockholm University)
"Credit Ratings and Structured Finance"
Igor Letina (Bern)
"Designing Dynamic Research Contest"
Matthew Ringgenberg (Utah)
"Passive Investors and Passive Monitors"
Julia Schaumburg (VU Amsterdam)
"Do information contagion and business model similarities explain bank credit risk commonalities?"
Xin Zhang (Riksbanken)
"Score-driven tail shape, with application to bond yields at a high frequency"
Andrea Vedolin (Boston University)
"Central Bank Communication and the Yield Curve"
Jieying Li (SSE)
"Title to be set"
Date: Jan 12, 2017
Taylan Mavruk (CFF)
"Printed news is the old news:
The role of local media in local trading activity and local stock returns"
Date: January 26, 2017
Håkan Jankensgård (Lund)
"Do Hedging Cash Flows Really Increase Corporate Investment?"
Date: Feb 23, 2017
Irina Zviadadze (SSE)
"Term structure of risk in macrofinance models"
Date: March 16, 2017
Dagfinn Rime (BI)
"Segmented Money Markets and Covered Interest Parity Arbitrage"
Date: March 23, 2017
Moqi Xu (LSE)
"Free-riders and Underdogs: Participation in Corporate Votin"
Date: April 27, 2017
Ingrid Werner (Ohio State)
"Trading Fees and Intermarket Competition"
Date: May 3, 2017 Wednesday!
Christian Wagner (CBS)
"Margin requirements and equity option returns"
Date: May 11, 2017
Indraneel Chakraborty (University of Miami)
"Monetary Stimulus and Bank Lending"
Date: May 18, 2017
Juhani Linnainmaa (USC Marshall)
"Informed traders, long-dated options, and the cross-section of stock returns"
Date: June 8, 2017
Masao Ogaki (Keio University, Japan)
"Education and Pro-Family Altruistic Discrimination Against Foreigners: Five-Country Comparison"
Date: September 14, 2017
Russel Wermers (University of Maryland)
"Costly Information Production, Information Intensity, and Mutual Fund Performance"
Date: September 28, 2017
Torben Andersen (Northwestern University)
Date: October 5, 2017
Jon Faust (Neubergh Lecture)
"The Role of Macroeconomic Policy Analysis in the Great Inflation, Great Moderation and Great Recession"
Date: October 12, 2017
Iñaki Rodriguez Longarela (Stockholm University)
"Zooming in and out: Are we capturing the whole picture when we
measure arbitrage in currency markets?"
Date: October 19, 2017
Peiran Jiao (Maastricht)
"Payoff-Based Belief Distortion"
Date: October 26, 2017
Anders Anderson (SHoF)
"Self-Awareness, Financial Advice and Retirement Savings Decisions"
Date: November 30, 2017
Philipp Strack (UC Berkeley)
"Unrealistic Expectations and Misguided Learning"
Date: December 14, 2017
Sanjay Banerji, University of Nottingham
“Collusion, Incentives and Reputation: The role of Experts in Corporate Governance”
Date: January 21
Michel Habib, Zurich
"Multifaceted Transactions, Incentives, and Organizational Form"
Date: February 11
Ashok Thampy, IIMB
"The Effect of Relationships with Government-Owned Banks on Credit Constraints: Evidence from India"
Date: March 17
Konrad Raff, NHH
"Learning from Other Firms’ Investments: Corporate Governance and Firm Entry"
Date: April 7
Utz Weitzel, Radboud University Nijmegen
"Sold below value? Why takeover offers can have negative premiums"
Date: April 14
Gunther Strobl, Frankfurt School of Finance & Management
"The Effect of Speculative Monitoring on Shareholder Activism"
Date: April 21
Ryan Peters, Wharton
"Venture Capital investment relationships"
Date: Monday May 2 Note day!
Kathrin Schlafmann, IIES
"Housing, Mortgages, and Self Control"
Date: May 12
Janis Berzins, BI
"Title to be decided"
Date: May 19
Denis Sosyura, University of Michigan
"Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds"
Date: September 1
Sangin Park, Seoul National University
"Ownership Structure and Foreign Shareholdings: Evidence from Korea"
Date: September 15
Gonul Colak (Hanken School of Economics)
"CEO Mobility and Corporate Policy Risk"
Date: September 29
Sami Vahamaa (Vaasa University)
"Evaluating Publications across Business Disciplines: Inferring Interdisciplinary “Exchange Rates” from Intradisciplinary Author Rankings"
Date: October 13
Bart Yueshen (Insead)
"Uncertain Market Making"
Date: Nov 24, 2016
Eirik Gaard Kristiansen (NHH)
"Competitive Compensation Contracts"
Date: Dec 1, 2016
Place: F45, School of Business, Economics and Law
"Are American options European after all?"
Sören Christensen, GU/Chalmers Mathematics
"Managerial entrenchment and matching leverage preferences"
Timo Korkeamaki, Hanken School of Economics
We study the effect of managerial entrenchment on CEOs' tendency to imprint their personal leverage preferences upon the firms they manage. Using a unique data source that allows us to measure personal wealth and indebtedness in great detail, we find a connection between CEOs' personal leverage and that of their firms. Our results indicate that the connection is driven by the CEOs who have a longer tenure with the firm and the CEOs who also serve in a dual role. The connection is significantly weaker for those CEOs who have a proportion of their personal wealth tied to the firm.
"Creditor Control Rights and Board Independence"
Daniel Ferreira, London School of Economics
Neubergh Lecture: "Greece, the Eurozone and the European Central Bank's monetary policy"
Mats Persson, Stockholm University
"Game intelligence and statistics in team sports – a game theoretic approach"
Carl Lindberg, AP2 and Chalmers
We set up a game theoretic framework to analyze a wide range of situations from team sports. A fundamental idea is the concept of potential; the probability of the offense scoring the next goal minus the probability that the next goal is made by the defense. We develop categorical as well as continuous models, and obtain optimal strategies for both offense and defense. A main result is that the optimal defensive strategy is to minimize the maximum potential of all offensive strategies.
"Back-Running: Seeking and Hiding Fundamental Information in Order Flows"
Liyan Yang, University of Toronto
"Competition in the Cryptocurrency Market"
Hanna Hałaburda, Bank of Canada
"The Mutual fund Fee Puzzle"
Michael Halling, Stockholm School of Economics
"Suppliers, Investors, and Equity Market Liberalizations"
Martin Strieborny, Lund University
"Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts"
Ron Kaniel, University of Rochester and Visiting Professor HGU
"Non-bank Loan Investors and Borrowers' Renegotiation Prospects"
Teodora Paligorova, Bank of Canada
"Shaped by Their Daughters: Executives, Female Socialization, and Corporate Social Responsibility"
Henrik Cronqvist, China Europe International Business School (CEIBS)
Henrik has a PhD from University of Chicago and has previously been professor at Claremont McKenna College and a faculty member at Ohio State University. He has published in e.g. American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies.
"Ownership Determinants of Stock Return Volatility"
Anders Vilhelmsson, Lund University
"Bank Information Sharing and Liquidity Risk"
Kebin Ma, University of Warwick
"Solving Models with Disappointment Aversion"
Romeo Tedongap, Stockholm School of Economics
"Institutional Quality, Trust and Stock-Market Participation: Learning to Forget"
Frederik Lundtofte, Lund University
"Revealed preferences over risk and uncertainty"
John Quah, Oxford University
"Star sell-side analysts listed by Institutional Investor, Wall Street Journal and StarMine. Whose recommendations are most profitable?"
Yury Kucheev, KTH
"How Individuals React to Defined Benefit Pension Risk"
Nicolas Salamanca Acosta, Melbourne Institute of Applied Economic and Social Research
In this paper we develop a measure of (hybrid) defined benefit (DB) pension risk and show how this pension risk relates to individual portfolio and retirement decisions. We find that people in riskier DB plans are, on average, not only less likely to hold equity but also hold a smaller share of their wealth in equity. This relation is stronger for people who are better informed about their pension plan risk, and for retirees. We do not find that pension risk is related to the intended age of retirement. We provide extensive evidence supporting the identification and robustness of our results, and their interpretation as a behavioral response of people to pension risk. Our findings show that a well-funded DB pension system can improve the welfare of its participants in previously unexplored ways.
Prof. Thomas Noe, University of Oxford
"Blood and Money: Kin altruism, governance, and inheritance in the family firm"
Pär Österholm, Konjunkturinstitutet
"Effects of US Policy Uncertainty on Swedish GDP Growth"
Erik Wengström, Lunds universitet
"Risking Other People’s Money: Experimental Evidence on Bonus Schemes, Competition, and Altruism"
Darren Duxbury, Newcastle University
"The Role of Emotion in Financial Decisions"
Linus Siming, Bocconi University
"Knighthoods, Damehoods and CEO Behaviour"
David Robinsson, Duke
"Optimism, Financial Literacy and Participation"
Bo Becker, SSE
“Regulatory reform and risk-taking: replacing ratings"
David Smith, Virginia
"Creditor Conflict and the Efficiency of Corporate Reorganization"
Adam Farago, CFF
“Asset pricing and portfolio choice implications of disappointment aversion”
Naoaki Minamihashi, CFF
"How Would Hedge Fund Regulation Affect Investor Behavior? Implications for Systemic Risk"
Jungsuk Han, SSE
“An Information-based Theory of Financial Fire Sales”
Ulrich Hege, HEC
"Extending Comparative Advantage Through Cross-Border Acquisitions"
Taylan Mavruk, CFF/IFEL
“Do SEC’s 10b5-1 Safe Harbor Rules Need to Be Rewritten?”
Xunhua Su, Norwegian University of Science and Technology
“Product Market Predatory Threats and Contractual Constraints of Debt”
Gerrit Antonides, Wageningen University, The Netherlands
"Mental-budgeting effects on tax compliance of Dutch self-employed people"
Juha-Pekka Kallunki, University of Oulu
"Do White Collar Employee Incentives Improve Firm Performance?"
Anders Johansson, Stockholm School of Economics
Lars Hassel, Umeå Universitet
"The Association between ESG and Stock Returns – The Alpha Puzzle"
Nhan Le, University of Colorado
"Do Large Cash Holdings Help or Hinder Firm Performance Recovery?"
Evert Carlsson, CFF
Martin Weber, University of Mannheim
"Does skewness matter? Evidence from experimental asset martkets"
Oege Dijk, CFF
"Charity, Incentives and Performance"
Andreas Stephan, Jönköping International Business School
"The Impact of Private Equity on Firm Performance: Evidence from Sweden"
Einar Bakke, CFF
"Cold" IPOs or hidden gems? On the medium-run performance of IPOs" May 11
Ettore Croci, Università Callolica, Milan
"The Corporate Governance Endgame –
An Economic Analysis of Minority Squeeze-out Regulation in Germany"
Rob Ranyard, Faculty of Well-being and Social Sciences, University of Bolton
"Personal borrowing and repayment decisions: Mental accounting, future orientation and anchoring effects"
Salvatore Miglietta, BI Norwegian Business School
Steen Thomsen, Copenhagen Business School
Mike Burkart, Stockholm School of Economics
Fred van Raaij, Tilburg University
John Knopf, University of Connecticut
Nigel Harvey, University College London
Ron Kaniel, Duke University