PhD Forum Programs

PhD Forum Program for each year: 
PhD Forum Program 2019

Keynote Addresses:
Michael Weisbach, Ohio State University
Jarrad Harford, University of Washington

Presentations:
The Term Structure of Municipal Bond Yields, Local Economic Conditions, and Local Stock Returns

Fotis Grigoris, University of North Carolina at Chapel Hill
Discussant: Oleg Chuprinin, UNSW Sydney

Commissions and Investment Adviser Misconduct
Tarun Patel, University of Washington
Discussant: Breno Schmidt, UNSW Sydney 

Costly Information Acquisition and Investment Decisions: Quasi-Experimental Evidence
David Xiaoyu Xu, University of Texas at Austin
Discussant: Luis Goncalves-Pinto, UNSW Sydney

Shareholder Litigation and Readability in Financial Disclosures: Evidence From Natural Experiments
Abhishek Ganguly, Indiana University (Bloomington)
Discussant: Mark Humphery-Jenner, UNSW Sydney

Home-Equity Reform and Economic Reallocation
Dimas Fazio, London Business School
Discussant: Rebel Cole, Florida Atlantic University
 

PhD Forum Program 2018

Keynote Presentaton:
Navigating the Choppy Waters from PhD Student to Assistant Professor

David Denis, University of Pittsburgh

Panel Discussion:
David Denis, University of Pittsburgh
Rene Stulz, Ohio State University

Presentations:
The Competitive Spillover Effect of Bank Failure
Siyu Lu, Carnegie Mellon University
Discussant: Kristle Romero Cortés, UNSW Sydney

Globally Consistent Creditor Protection, Reallocation and Productivity
Bo Bian, London Business School
Discussant: Vikram Nanda, UT Dallas

Immigration Policy and Equity Returns: Evidence from the H-1B Visa Program
Ali Sharifkhani, University of Toronto
Discussant: René Stulz, Ohio State University 

Follow the Money: Insider Trading and Performance of Hedge Fund Activism Targets
Chao Gao, Purdue University
Discussant: David Denis, University of Pittsburgh

Patience is a Virtue: Evidence from Insolvency
Guangqian Pan, Australian National University
Discussant: Rebel Cole, Florida Atlantic University

Disaster in My Heart: A Visceral Explanation for Some Asset Pricing Puzzles
Suk won Lee, University of Southern California
Discussant: Tony Berrada, University of Geneva 

An Equilibrium Model of Blockchain-Based Cryptocurrencies
Engin Iyidogan, Imperial College
Discussant: Oleg Chuprinin, UNSW Sydney

PhD Forum Program 2017

Keynote Presentation: 
Professional Tips for Ph.D. Students
Xuan Tian, Tshinghua University

Panel Discussion:
Sudheer Chava, Georgia Tech
Ronald Masulis, UNSW
Xuan Tian, Tshinghua University

Presentations:
Capital Gains Tax, Investments and CEO Incentives
Seok Min Moon, Princeton University
Discussant: Le Zhang, University of New South Wales

A Harming Hand: The Predatory Implications of Government Backed Student Loans
Andrew Schwartz, University of California, Berkeley
Discussant: Robert Hansen, Tulane University

Does Political Corruption Impede Firm Innovation? Evidence from the United States 
Tao Yuan, City University of Hong Kong
Qianqian Huang, City University of Hong Kong 
Discussant: Xuan Tian, Tshinghua University

Evaluating CEOs Softly: The Impact of Shareholder Horizon on CEO Compensation Design
Fangyuan Ma, Hong Kong University of Science and Technology
Discussant: Breno Schmidt, University of New South Wales 

Leverage and Coverage Ratios
Alexandr Belyakov, University of Pennsylvania
Discussant: David Colwell, University of New South Wales

Noise from Other Industries: Overgeneralization and Analyst Belief
Rex Wang Renjie, Erasmus University of Rotterdam
Discussant: Oya Altinkilic, The George Washington University

Mutual Fund Benchmarking and Corporate Governance
Yijun Zhou, INSEAD
Discussant: Peter Swan, University of New South Wales

Periphery Dealers in Over-the-Counter Markets
Chutiorn Tontivanichanon, London School of Economics
Discussant: Filippo Massari, University of New South Wales

PhD Forum Program 2016

Keynote Presentation:
Factors Contributing to a Successful Academic Career
Tarun Chordia, Emory University

Presentations:
Asset Prices, Local Prospects and the Geography of Housing Dynamics
Preetesh Kantak, University of North Carolina at Chapel Hill
Discussant: Aurel Hizmo, New York University

Capital Immobility, Recovery Rate Dynamics, and Financial Contagion
Hyunsoo Doh, University of Chicago
Discussant: Stephen Schaefer, London Business School

Institutional Investors and Cross-Border Mergers and Acquisitions: The 2000- 2012 Period
Jinsuk Yang, University of Texas at Arlington
Discussant: Peter Pham, University of New South Wales

Relationship Lending in Shadow Banking: Impact of Financial Firms' Cross Holding Relation in Money Market Funds
Ai He, Emory University
Discussant: Raunaq Pungaliya, Sungkyunkwan University 

Days to Cover and Stock Returns Frank
Weikai Li, Hong Kong University of Science and Technology
Harrison Hong, Columbia University and NBER
Sophie X. Ni, Hong Kong University of Science and Technology
José A. Scheinkman, Columbia University, Princeton University and NBER 
Philip Yan, Goldman Sachs
Discussant: Tarun Chordia, Emory University

Synthetic Shorting with ETFs
Qifei Zhu, University of Texas at Austin 
Frank Weikai Li, Hong Kong University of Science and Technology
Discussant: Alexander Ljungqvist, New York University 

Why Do Distressed Firms Acquire?
Quxian Zhang, Erasmus University
Discussant: Buhui Qui, University of Sydney

A Model-Free Tail Index and Its Return Predictability
Jinji Hao, Washington University in St. Louis
Discussant: Paul Karehnke, University of New South Wales

PhD Forum Program 2015

Keynote Presentation:
Factors Contributing to a Successful Academic Career

Tarun Chordia, Emory University
Xuan Tian, Indiana University

Presentations:
Regulatory Competition and the Market for Corporate Law
Ofer Eldar, Yale University
Lorenzo Magnolfi, Yale University
Discussant: Kathleen Kahle, University of Arizona

The Peso Problem: Evidence from the S&P 500 Options Market
Ti Zhou, Hong Kong University of Science & Technology
Chu Zhang, Hong Kong University of Science and Technology
Discussant: Nicola Fusari, Johns Hopkins University 

Shadow Banking and Asset Pricing
Jinji Hao, Washington University in St. Louis
Discussant: Alp Simsek, Massachusetts Institute of Technology

Currency Returns in Different Time Zones
Zhengyang Jiang, Stanford University
Discussant: Chu Zhang, Hong Kong University of Science and Technology 

Lesser-Known Stocks and Signal Cleanse
Chengwei Wang, INSEAD
Discussant: Tarun Chordia, Emory University

Board Classification and Shareholder Value: Evidence from Corporate Law Amendments
Daehyun Kim, University of Texas at Austin
Discussant: Xuan Tian, Indiana University

Procyclicality of the Correlation between Dividend Growth and Consumption Growth
Nancy Xu, Columbia University
Discussant: Ravi Bansal, Duke University (Presented by Christian Lundblad, University of North Carolina)

Liquidity Shortages and Contagious Debt Runs
Hyunsoo Doh, University of Chicago
Discussant: Asaf Manela, Washington University in St. Louis

PhD Forum Program 2014

Keynote Presentation:
What’s Hot? What’s Not? And Why You Should Not Care!
Andrew Karolyi, Cornell University

Presentations:
A Revenue-Sharing Theory of the Firm

Jiasun Li, UCLA Anderson School of Management 
Discussant: Douglas Diamond, University of Chicago 

How Options Affect Information Acquisition and Asset Price
Shiyang Huang, London School of Economics & Political Science
Discussant: Eduardo Schwartz, UCLA 

The Bank Lending Channel and Corporate Innovation
Spyridon Lagaras, University of Illinois at Urbana-Champaign
Discussant: Xuan Tian, Indiana University

Knowledge Network and the Cross-Section of Expected Returns
Kevin Tseng, Northwestern University
Discussant: Andrew Karolyi, Cornell University

Intermediary Funding Liquidity and Rehypothecation as Determinants of Repo Haircuts and Interest Rates
Egemen Eren, Stanford University
Discussant: Kewei Hou, Ohio State University

Rise of a Network - Political Connections and Allocative Distortions
David Schoenherr, London Business School
Discussant: John Griffin, University of Texas at Austin 

PhD Forum Program 2013

Keynote Presentation:
Developing and Enhancing Research Capacity

Ekkehart Boehmer, EDHEC
Ron Masulis, University of New South Wales
Avanidhar Subrahmanyam, UCLA

Presentations:
Banks’ Equity Stakes and Lending: Evidence from a Tax Reform

Bastian von Beschwitz, INSEAD
Daniel Foos, Deutsche Bundesbank
Discussant: Ron Masulis, University of New South Wales

Limited Market Access and Funding Liquidity
Zhuo Chen, Northwestern University
Andrea Lu, Northwestern University
Discussant: Avanidhar Subrahmanyam, UCLA

Soft Information in the Subprime Mortgage Market
Kanis Saengchote, Northwestern University
Discussant: Hao Zhou, Tsinghua University

Bribes and Firm Value - Evidence from Anti-Bribery Regulation
Stefan Zeume, INSEAD
Discussant: Ferdinand Gul, Monash University

The Power of Asking Questions: Resolving Financial Market Rumors through Public Inquiries
Seongkyu Gilbert Park, University of Chicago
Discussant: Richard Roll, UCLA

Adjustable Service Flow of Durable Goods: Theory and Empirics
Zhuo Chen, Northwestern University
Andrea Lu, Northwestern University
Discussant: Deborah Lucas, MIT

Investment, Idiosyncratic Risk, and Growth Options
Shujing Wang, Hong Kong University of Science & Technology
Chu Zhang, Hong Kong University of Science & Technology
Discussant: Chuan-Yang Hwang, Nanyang Technological University

Do You Have to Be First? Slow Price Adjustment in After-Hours Trading
Jiasun Li, University of California, Los Angeles
Discussant: Ekkehart Boehmer, EDHEC

Do Firms Hedge Optimally? Evidence from an Exogenous Governance Change
Sterling Huang, INSEAD
Urs Peyer, INSEAD
Benjamin Segal, INSEAD
Discussant: Peter Swan, University of New South Wales

PhD Forum Program 2012

Keynote Address:
Professor Viral Acharya, New York University

Presentations:

Do Banks Monitor Corporate Decisions? - Evidence from Bank Financing of Mergers and Acquisitions
Sheng Huang, Singapore Management University
Ruichang Lu, National University of Singapore
Anand Srinivasan, National University of Singapore
Discussant: Professor Anthony Saunders, New York University

The Term Structure of Equity Returns: Risk or Mispricing?
Michael Weber, University of California, Berkeley
Discussant: Professor Jin-Chuan Duan, National University of Singapore

Auctions of Real Options: Security Bids, Moral Hazard and Strategic Timing
Lin William Cong,Stanford Graduate School of Business
Discussant: Professor Dmitriy Kvasov, University of Adelaide

The Role of Domestic Industries in Foreign Portfolio Decisions
David Schumacher,INSEAD
Discussant: Professor Bruno Solnik, HKUST

Do Institutions Influence Corporate Behavior? An Analysis of Corporate Social Responsibility
Chuan-Yang Hwang, Nanyang Technological University
Sheridan Titman, University of Texas, Austin
Ying Wang, Nanyang Technological University
Discussant: Professor Jarrad Harford, University of Washington

Higher-Moment Asset Pricing and Allocation in a Heterogeneous Market Equilibrium
Qunzi Zhang, Swiss Finance Institute
Discussant: Professor Robert Engle, New York University

Durable Matters? An Alternative Measure of Consumption Risk
Rui Cui, University of Chicago
Discussant: Professor Viral Acharya, New York University

Investors' Attention and Stock Covariation: Evidence from Google Sport Searches
Daniel Schmidt, INSEAD
Discussant: Professor Terrance Odean, University of California, Berkeley

International Instability and Asset Pricing
Zhuo Chen, Northwestern University
Andrea Lu, Northwestern University
Zhuqing Yang, Northwestern University
Discussant: Professor Geert Bekaert, Columbia University

LIBOR’s Poker: Interbank Borrowing Costs and Strategic Reporting
Jiakai Chen, University of California, Berkeley
Discussant: Professor Chu Zhang, HKUST