PhD Forum Program for each year:
PhD Forum Program 2023
A major international Phd Forum was held on 11 December 2023, as part of the Australasian Finance and Banking Conference.
Five papers from leading Business Schools in the US and Europe were selected from the over 120 high quality papers that were submitted to this prestigious Phd Forum.
Keynote Address
Climate Change and Corporations Activities
Professor Harrison Hong, Columbia University
Presented papers
Income Risk and Flow Hedging by Mutual Funds
Amirabas Salarkia, Tilburg University
Taking Sides: Political Alignment and Municipal Bond Yield
Weijia Zhao, Northwestern University - Kellogg School of Management
Will ETFs drive Mutual Funds extinct?
Anna Helmke, University of Pennsylvania
Delay Your Rivals: Vertical Integration in Securitization and Lending Competition
Brandon Zborowski, Northwestern University - Kellogg School of Management
Supply Network Fragility, Inventory Investment, and Corporate Liquidity
Leandro Sanz, The Ohio State University
PhD Forum Program 2022
A major international Phd Forum was held on 13 December 2022, as part of the Australasian Finance and Banking Conference.
Five papers were selected from over 100 submitted papers to this prestigious Phd Forum.
Keynote Address
Information in Financial Markets and Its Real Effects
Itay Goldstein, University of Pennsylvania
Presented papers
How Do Managers' Expectations Affect Share Repurchases?
Minsu Ko, Ohio State University
Are All Durable Assets Created Equal? The Impact of Price Appreciation on Investment
Steve Choi, Cornell University
Environmental regulatory risks, firm pollution, and mutual funds' portfolio choices
Simon Xu, University of California (Berkeley)
Global Corporate Default Risk Factors: Frailty and Spillover Effects
Yanru Lee, University of North Carolina (Chapel Hill)
PhD Forum Program 2021
A major international Phd Forum was held on 14 December 2021, as part of the Australasian Finance and Banking Conference.
Five papers were selected from over 100 submitted papers to this prestigious Phd Forum.
Keynote Address
How to enhance the quality of research
Professor Lubos Pastor, University of Chicago
Presented papers
Institutional Trading around FOMC Meetings: Evidence of Fed Leaks
Nicola Mano, USI Lugano and Swiss Finance Institute
Increasing Corporate Bond Liquidity Premium and Post-Crisis Regulations
Botao Wu, New York University, Stern School of Business
Costs of Political Polarization: Evidence from Mutual Fund Managers during Covid-19
Blair Vorsatz, University of Chicago Booth School of Business
Does Private Equity Systematically Over-Lever Companies?
Sharjil Haque, University of North Carolina at Chapel Hill
Corporate Social Responsibility in Supply Chain: Green or Greenwashing?
Yilin Shi, The Chinese University of Hong Kong
PhD Forum Program 2020
A major international Phd Forum, was held on 13 December 2020, as part of the Australasian Finance and Banking Conference.
Five papers were selected from over 100 submitted papers to this prestigious Phd forum.
Keynote Address
Doing Good Financial Research
Professor Avanidhar Subrahmanyam, UCLA
Presented papers
Fund Family Matters: How Index Funds Improve Corporate Governance
Emil Lakkis, Ross School of Business, University of Michigan
The Effects of Leverage on Investments in Maintenance: Evidence from Apartments
Lee Seltzer, University of Texas at Austin
Economic Impact of Shocks to Trust In Cultural Institutions: Evidence From a Recent Scandal
Quentin Dupont, University of Washington
Does Golden Parachute Spur Innovation in Concentrated-Ownership Corporation Evidence from China
Ke Wang, Tilburg University
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