Conference Program and Keynote Speaker

2025 VSB Mid-Atlantic Research Conference in Finance Program
March 28, 2025

8:15 a.m. Registration and Coffee Session

8:45 a.m.

Opening Remarks & Dean’s Welcome

9:00 a.m.

Corporate Finance Session: Chair – Matthew Bloomfield, Univ. of Pennsylvania 

Falling Down Hard: Gender Differences in Top Management Turnover
Charles Hadlock, Univ. of Pittsburgh; Paul Obermann, Idaho State Univ.; and Joshua Pierce, Univ. of Alabama
Discussant: Jakub Hajda, HEC Montréal

Human Capital, Competition, and Mobility in the Managerial Labor Market
John Barry, Rice Univ.; Noah Lyman, Warwick Business School; and Lin Zhao, Duke Univ.
Discussant: Franklin Qian, Univ. of North Carolina

10:15 a.m.

Break
 

10:30 a.m

Investments Session: Chair – Yasser Boualam, Univ. Of Pennsylvania

Endogenous Elasticities: Price Multipliers Are Smaller for Larger Demand Shocks
Aditya Chaudhry, The Ohio State Univ. and Jiacui Li, Univ. of Utah
Discussant: Philippe van der Beck, Harvard Business School

Equity Premium Events
Ben Knox, Federal Reserve Board; Juan Londono, Federal Reserve Board; Mehrdad Samadi, Federal Reserve Board; and Annette Vissing-Jorgensen, Federal Reserve Board
Discussant: Johnathan Loudis, Univ. of Notre Dame


11:45 a.m.         Break
 

12:00 p.m.

Lunch and Keynote Speaker
Nikolai Roussanov, Univ. of Pennsylvania

1:15 p.m.

Financial Markets Session: Chair – Anna Helmke, Vanderbilt Univ.

You Can Only Lend What You Own: Inferring Daily Institutional Trading from Security Lending Supply
Yashar Barardehi, Chapman Univ.; Zhi Da, Univ. of Notre Dame; Peter Dixon, SEC; and Jumbo Wang, Louisiana State Univ.
Discussant: Charles Martineau, Univ. of Toronto

Do Auctions Impact Quote Competition?
Amber Anand, Syracuse Univ. and Dmitriy Muravyev, Univ. of Illinois
Discussant: Chaojun Wang, Univ. of Pennsylvania

 
2:30 p.m.          Break
 

2:45 p.m.

Financial Institutions Session: Chair – Sam Rosen, Temple Univ. 

Fighting Failure: The Persistent Real Effects of Resolving Distressed Banks
Ivan Ivanov, FRB Chicago and Stephen Karolyi, OCC
Discussant: Lee Seltzer, FRB New York

The Implications of Concurrent Underwriting and Lending for Bond Underpricing
Stanislava Nikolova, Univ. of Nebraska-Lincoln and Jing Wang, Univ. of Missouri
Discussant: Fulvia Fringuellotti, FRB New York

   

4 p.m.

Closing Remarks and Reception (@ The Refectory, Villanova)

 

MARC Program Track Chairs:

Corporate Finance: Marius Guenzel, Univ. of Pennsylvania

Financial Institutions: Kristian Blickle, FRB New York

Financial Markets / Market Microstructure: Marius Zoican, Univ. of Calgary 

Investments: Tuomas Tomunen, Boston College

MARC Outstanding Paper Award:

Endogenous Elasticities: Price Multipliers Are Smaller for Larger Demand Shocks
Aditya Chaudhry, The Ohio State Univ. and Jiacui Li, Univ. of Utah

 

The MARC Conference is organized by John Sedunov.