Tenth Annual Mid-Atlantic Research Conference - 2015

10th Annual Mid-Atlantic Research Conference in Finance Program

Villanova School of Business
Villanova Conference Center, Radnor, PA

March 13, 2015

Registration and Coffee Session
Opening Remarks
8:45 Dean’s Welcome

Financial Institutions Session:  Chair: Rabih Moussawi, Villanova U.

The Dark Side of Market Transparency: Evidence from the Banks' Stress Tests

Mehrnoush Shahosseini, U. of Illinois at Urbana-Champaign

Discussant:  Ricardo Correa, Federal Reserve Board of Governors

House prices, bank balance sheets, and bank credit supply

Mark J. Flannery, U. of Florida / SEC and Leming Lin, U. of Pittsburgh

Discussant:  Marco Di Maggio, Columbia U.

10:30 Coffee Break

Corporate Finance Session:  Chair: Ke Yang, Lehigh U.

Geographic Proximity and Financial Contagion: Spillover Effects from Local Bankruptcies

Jawad M. Addoum, U. of Miami, Alok Kumar, U. of Miami, and Nhan Le, University of Mannheim

Discussant:  Casey Dougal, Drexel U.

Do Long-Term Investors Improve Corporate Decision Making?

Jarrad Harford, U. of Washington, Ambrus Kecskés, York U., and

Sattar Mansi, Virginia Tech

Discussant:  Lily Li, Temple U.


Lunch and Keynote Speaker

Andrew Karolyi, Cornell University

Topic: Home Sweet Home Bias


Financial Markets / Market Microstructure Session: 

Chair: Chinmay Jain, U. of Ontario Institute of Technology

High-Frequency Trading and Extreme Price Movements

Jonathan Brogaard, U. of Washington, Thibaut Moyaert, Louvain School of Management Ryan Riordan, Queen’s U.,

Andriy Shkilko, Wilfrid Laurier U., and Konstantin Sokolov, Wilfrid Laurier U.

Discussant:  Pankaj K. Jain and Olena Nikolsko-Rzhevska, U. of Memphis

Intraday Momentum: The First Half-Hour Return Predicts the Last Half-Hour Return

Lei Gao, Iowa State U., Yufeng Han, U. of Colorado Denver, Sophia Zhengzi Li,

Michigan State U., and Guofu Zhou, Washington University in St. Louis

Discussant:  Jack Vogel, Alpha Architect LLC

3:00 Coffee Break

Investments Session:  Chair: William Gerken, U. of Kentucky

The Impact of Firm-Lobbyist Networks on Stock Returns

Indraneel Chakraborty, Southern Methodist U., Richard Evans, U. of Virginia, and Rüdiger Fahlenbrach, Ecole Polytechnique Fédérale de Lausanne / Swiss Finance Institute

Discussant:  Adam Aiken, Quinnipiac U.

Limited Attention, Marital Events and Hedge Funds

Yan Lu, U. of Florida, Sugata Ray, U. of Florida, and

Melvyn Teo, Singapore Management U.

Discussant:  Russell Jame, U. of Kentucky                                                                                                    

4:45 Reception

MARC Program Track Chairs:

Financial Institutions: John Sedunov III, Villanova U.

Corporate Finance: Jennifer Juergens, Drexel U.

Financial Markets / Market Microstructure: Chinmay Jain, University of Ontario Institute of Technology.

Investments: Christopher Clifford, U. of Kentucky


MARC Outstanding Paper Award (sponsored by WRDS):

Do Long-Term Investors Improve Corporate Decision Making?

Jarrad Harford, U. of Washington, Ambrus Kecskés, York U., and Sattar Mansi, Virginia Tech