Eighth Annual Mid-Atlantic Research Conference - 2013

8:15
Registration and Coffee Session
8:40
Opening Remarks
8:45 Dean’s Welcome
9:00

Financial Markets Session:  Chair: Jay Coughenour, U. of Delaware

Institutional Ownership and Return Predictability Across Economically Unrelated Stocks
George P. Gao, Cornell University, Pamela C. Moulton, Cornell University, and David T. Ng, Cornell University

Discussant:
  David Musto, U. of Pennsylvania/Wharton

The Externalities of High-Frequency Trading
Jiading Gai, U. of Illinois at Urbana-Champaign, Chen Yao, U. of Illinois at Urbana-Champaign, and Mao Ye, U. of Illinois at Urbana-Champaign

Discussant: 
Pankaj K. Jain, U. of Memphis/SEC

10:30 Coffee Break
10:45

Corporate Finance Session:  Chair: Ajai Singh, Lehigh U.

Political Values, Culture, and Corporate Litigation
Irena Hutton, Florida State U., Danling Jiang, Florida State U., and Alok Kumar, University of Miami

Discussant: 
Ke Yang, Lehigh U.

Is Managerial Flexibility Good for Shareholders? Evidence from Share Repurchases
Alice A. Bonaimé, U. of Kentucky, Kristine W. Hankins, U. of Kentucky, and Bradford D. Jordan, U. of Kentucky

Discussant: 
James Hsieh, George Mason University

12:15 Lunch and Keynote Speaker
René Stulz, Ohio State University
Topic: Lessons from the crisis
1:30

Investments Session:  Chair: John Fulkerson, Loyola U., Maryland

How Much Do Analysts Influence Each Other’s Forecasts?
Jonathan B. Cohn, University of Texas at Austin, and Jennifer L. Juergens, Drexel U.
Discussant:
  Revansiddha Khanapure, U. of Delaware

Discretionary Liquidity: Hedge funds, side pockets, and gates
Adam L. Aiken, Quinnipiac University, Christopher P. Clifford, U. of Kentucky, and Jesse Ellis, U. of Alabama
Discussant:
   Wesley Gray, Drexel U.

3:00 Coffee Break
3:15

Financial Institutions Session:  Chair: John Sedunov, Villanova U.

A Theory of Reverse Asset Substitution
Franklin Allen, U. of Pennsylvania / Wharton, and Indraneel Chakraborty, Southern Methodist U.

Discussant: 
Michael Imerman, Lehigh U.

Institutional Investment and Intermediation in the Hedge Fund Industry
Vikas Agarwal, Georgia State U., Vikram Nanda, Georgia Institute of Technology, and Sugata Ray, U. of Florida

Discussant:
   Rabih Moussawi, U. of Pennsylvania / Wharton / WRDS

4:45 Reception

MARC Program Track Chairs:

Corporate Finance: Mi (Meg) Luo, Villanova U.

Financial Institutions: Claire Rosenfeld, College of William & Mary

Investments: Yoon Shin, Loyola U., Maryland

Financial Markets / Market Microstructure: Andriy Shkilko, Wilfrid Laurier U.


MARC Outstanding Paper Award:
The Externalities of High-Frequency Trading
Jiading Gai, U. of Illinois at Urbana-Champaign, Chen Yao, U. of Illinois at Urbana-Champaign, and Mao Ye, U. of Illinois at Urbana-Champaign

For More Information

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