Conference Program

12th Annual Mid-Atlantic Research Conference in Finance Program

The Radnor Hotel, Radnor, PA
591 Lancaster Ave, Wayne, PA 19087
March 17, 2017

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

Financial Institutions Session:  Chair: TBD

Non-Recourse Mortgage Law and Housing Speculation

Tong Yob Nam, Office of the Comptroller of the Currency, and Seungjoon Oh, Peking U.

Discussant:  TBD

On Deposit Stability in Failing Banks

Christopher Martin, FDIC, Manju Puri, Duke U., and Alexander Ufier, FDIC

Discussant:  TBD

10:15

Distinguished Speaker:  Burton Hollifield, Carnegie Mellon U.

            TBD

10:45 Coffee Break
11:00

Corporate Finance Session:  Chair: TBD

Why do Boards Exist? Governance Design in the Absence of Corporate Law

Mike Burkart, London School of Economics / Swedish House of Finance, Salvatore Miglietta, BI Norwegian Business School and Charlotte Ostergaard, BI Norwegian Business School

Discussant:  TBD

Cash, Financial Flexibility, and Product Prices: Evidence from a Natural Experiment in the Airline Industry

Sehoon Kim, Ohio State U.

Discussant:   TBD

12:15

Lunch and Keynote Speaker

            Philip Strahan, Boston College

            Topic:  TBD

1:30

Investments Session:  Chair: TBD

Sensation Seeking, Sports Cars, and Hedge Funds

Stephen Brown, New York U., Yan Lu, U. of Central Florida, Sugata Ray, U. of Florida, and Melvyn Teo, Singapore Management U.

Discussant:  TBD

Absolving Beta of Volatility’s Effects

Jianan Liu, U. of Pennsylvania, Robert F. Stambaugh, U. of Pennsylvania, and Yu Yuan, Shanghai Jiao Tong U.

Discussant:  TBD

2:45

Distinguished Speaker:  Marc Lipson, U. of Virginia

            Diseconomies of Scale in Mutual Fund Management

3:15 Coffee Break
3:30

Financial Markets Session:  Chair: TBD

Hidden in Plain Sight: Equity Price Discovery with Informed Private Debt

Jawad M. Addoum, Cornell U., and Justin R. Murfin, Yale U.

Discussant:  TBD

Make-Take Fees versus Order Flow Inducements: Evidence from the NASDAQ OMX PHLX Exchange

Robert Battalio, U. of Notre Dame, Todd Griffith, U. of Mississippi, and Robert A. Van Ness, U. of Mississippi

Discussant:  TBD                            

4:45 Reception

MARC Program Track Chairs:

Corporate Finance:  Hayong Yun, Michigan State University

Financial Institutions:  Hadiye Aslan, Georgia State University

Financial Markets / Market Microstructure:  Bidisha Chakraborty, Saint Louis University

Investments:  Rabih Moussawi, Villanova University

MARC Outstanding Paper Award:

TBD