Conference Program and Keynote Speaker

2023 VSB Mid-Atlantic Research Conference in Finance Program
March 31, 2023

8:15 a.m. Registration and Coffee Session

8:45 a.m.

Opening Remarks & Dean’s Welcome

9:00 a.m.

Investments Session: Chair: Sasha Indarte, Univ. of Pennsylvania

Monetary Policy and the Equity Term Structure
Benjamin Golez, Univ. of Notre Dame; Ben Matthies, Univ. of Notre Dame
Discussant: Shane Miller, Univ. of Michigan

Active Fund Managment when ESG Matters: An Equilibrium Perspective
Doron Avramov, Reichman Univ.; Si Cheng, Syracuse Univ.; Andrew Tarelli, Catholic Univ.
Discussant: Tuomas Tomunen, Boston College

10:15 a.m.


10:30 a.m.

Corporate Finance Session: Chair: TBD

Lead Inventor Gender and Patent Citations: Evidence from Causal BERT Estimation
Yael V. Hochberg, Rice Univ.; Ali Kakhbod, Univ. of California at Berkeley; Peiyao Li, Univ. of California at Berkeley; Kunal Sachdeva, Rice Univ.
Discussant: Tengfei Zhang, Rutgers Univ.

Closing the Revolving Door
Joseph Kalmenovitz, Univ. of Rochester; Siddharth Vij, Univ. of Georgia; Kairong Xiao, Columbia Univ.
Discussant: Marius Guenzel, Univ. of Pennsylvania

11:45 a.m.       Break

12:00 p.m.



Lunch and Keynote Speaker
Michael Weisbach, The Ohio State University

All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization 

1:15 p.m.

Financial Institutions Session: Chair: TBD

Can Human Capital Explain Income-based Disparities in Financial Services
Ruidi Huang, Southern Methodist Univ.; James S. Linck, Southern Methodist Univ.; Erik J. Mayer, Southern Methodist Univ.; Christopher A. Parsons, Univ. of Southern California
Discussant: Stefano Manfredonia, Fordham Univ.

Social Capital and Mortages
Xudong An, FRB Philadelphia; Sadok El Ghoul, Univ. of Alberta; Omrane Guedhami, Univ. of South Carolina; Ross Levine, Univ. of California at Berkeley; Raluca A. Roman, FRB Philadelphia
Discussant: Yu Shan, Syracuse Univ.

2:30 p.m.        Break

2:45 p.m.








Financial Markets Session: Chair: Ivan Ivanov, FRB Chicago

Investors Far and Near: Information Type and the Geography of Price Discovery
Howard Jones, Univ. of Oxford; Jose Vicente Martinez, Univ. of Conneticut; Mattias Qian, Univ. of Oxford
Discussant: Zhengzi Li, Rutgers Univ.

Competition Network: Distress Spillovers and Predictable Industry Returns
Winston Wei Dou, Univ. of Pennsylvania and NBER; Shane Johnson, Texas A&M Univ.; Wei Wu, Texas A&M Univ.
Discussant: Tara Bhandari, SEC


4 p.m.

Closing Remarks and Reception

MARC Program Track Chairs:

Corporate Finance:  Tina Yang, Univ. of South Florida and Miriam Schwartz-Ziv, Hebrew Univ. of Jerusalem and ECGI
Financial Institutions:  Samuel Rosen, Temple Univ.
Financial Markets / Market Microstructure:  Marco Sammon, Harvard Business School.
Investments:  Christoph Schiller, Arizona State Univ.

MARC Outstanding Paper Award:



The MARC Conference is organized by John Sedunov.