Jackson Hole Finance Group

5th Jackson Hole Finance Conference

Jackson Hole, WY January 21 – 23, 2011

Conference Organizers

Paolo Fulghieri and Anil Shivdasani

University of North Carolina at Chapel Hill

Program Committee

Jonathan Berk, Stanford University

Paolo Fulghieri, University of North Carolina at Chapel Hill

Deborah Lucas, Massachusetts Institute of Technology

Anil Shivdasani, University of North Carolina at Chapel Hill  

Ken Singleton, Stanford Univeristy

Anjan Thakor, Washington University

Conference Venue

Snake River Lodge & SPA

7710 Granite Loop Road

Teton Village, WY 83025

http://snakeriverlodge.rockresorts.com/

 

Program

 

Thursday, January 20, 2011

5:30 p.m. – 6:30 p.m. Wine & Cheese Reception (Apres Vous)

 

 

Friday, January 21, 2011

 

7:30 a.m. – 7:45 a.m. Breakfast (Sundance)

7:45 a.m. – 8:30 a.m. Session 1: Capital Structure (Sundance)

 

Session Chair: Jonathan Berk (Stanford)

 

Labor Unemployment Risk and Corporate Financing Decisions

Authors: Ashwini Agrawal (NYU) & David Matsa (Northwestern)

 

 

5:00 p.m. – 6:30 p.m. Session 2: Turnover and Compensation (Sundance)

 

Session Chair: Mark Grinblatt (UCLA)

 

Performance Induced CEO Turnover

Authors: Dirk Jenter (Stanford) & Katharina Lewellen (Dartmouth)

 

CEO Wage Dynamics: Evidence from a Learning Model

Author: Luke Taylor (Wharton)

 

 

6:45 – 8:30 p.m. Conference Dinner

 

 

Saturday, January 22, 2011

 

7:15 a.m. – 8:45 a.m. Breakfast and Session 3: Banking (Sundance)

 

Session Chair: Anjan Thakor (Washington University)

 

Financial Intermediary Capital

Authors: Adriano Rampini (Duke) & S. Viswanathan (Duke)

 

The Seeds of a Crisis A Theory of Bank Liquidity and Risk-Taking over the Business Cycle

Authors: Viral Acharya (NYU) & Hassan Naqvi (National Univ of Singapore)

 

 

5:00 – 6:30 p.m. Session 4: Asset Pricing (Sundance)

 

Session Chair: Jennifer Conrad (University of North Carolina at Chapel Hill)

 

The Conditional Distribution of Bond Yields Implied by Gaussian Macro-Finance Term Structure Models

Authors: Scott Joslin (MIT), Anh Le (UNC), & Ken Singleton (Stanford)

 

Implications of Variance Bounds on the Permanent and Transitory Components of Stochastic Discount Factors for Asset Pricing Models

Authors: Gurdip Bakshi (Maryland) & Fousseni Chabi-Yo (Ohio State)

 

 

Sunday, January 23, 2011

 

7:15 a.m. – 8:45 a.m. Breakfast and Session 5: Financial Distress (Sundance)

 

Session Chair: Deborah Lucas (MIT)

 

Anomalies of Financial Distress

Authors: Doron Avramov (Hebrew Univ), Tarun Chordia (Emory), Gergana Jostova (GWU), & Alexander Philipov (George Mason)

 

Creative Destruction and Finance: Evidence from the Last Half Century

Authors: Claire Liang (Alberta), David McLean (Alberta), & Mengxin Zhao (Alberta)

 

 

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