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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