Past research seminars



24 June 2016 - Sudarshan Jayaraman, Simon Business School, University of Rochester
"The Source of Information in Prices and Investment-Price Sensitivity" (with Alex Edmans and Jan Schneemeier)

20 May 2016 - Christian Hofmann, LMU Germany
"Performance Monitoring and Incentive in Hierarchies" (with Raffi J Indjejikian)

13 May 2016 - Ralph De Haas, European Bank
"When Arm's Length is Too Far.  Relationship Lending over the Business Cycle" (with Thorsten Beck, Hans Degryse and Neeltje van Horen)

3 May 2016 - Todd Gormley, Wharton School, University of Pennsylvania
"Standing on the Shoulders of Giants:  The Effect of Passive Investors on Activism" (with Ian R Appel and Donald B Keim)

29 April 2016 - Patrick Verwijmeren, Erasmus University, Rotterdam
"The Buyers' Perspective on Security Design: Hedge Funds and Convertible Bond Call Provisions" (with Bruce D Grundy)

22 April 2016 - Catherine Shakespeare, Ross School of Business, University of Michigan
"Responding to Regulatory Uncertainty: Evidence from Basel III (with Bradley E Hendricks, Jed J Neilson and Christopher D Williams)

11 March 2016 - Leslie Hodder, Kelley School of Business, Indiana University
"Audits and Bank Failure: Do Financial Statement Audits Reduce Losses to Capital Providers?" (with F Jane Barton and Marcy L Shepardson)

4 March 2016 - Stefano Cascino, London School of Economics
"Bankruptcy in Groups" (with W Beaver, M Correia and M McNichols)

26 February 2016 - Allaudeen Hameed, NUS, Singapore
"Dividend Clientele and Return Comovement" (with Jing Xie)

19 February 2016 - Herve Stolowy, HEC Paris
"The Association between Expected Synergies and Post-Acquisition Performance in Cross-Border Mergers and Acquisitions" (with Gerald J Lobo and Luc Paugam)

12 February 2016 - Mauricio Larrain, Columbia University, US
"How Collateral Laws Shape Lending and Sectoral Activity" (with Charles W Calomiris, Jose Liberti and Jason Sturgess)

5 February 2016 - Jannis Bischof, University of Mannheim, Germany
"Why did Politicians Blame Fair Value Accounting during the Financial Crisis?" (with Holger Daske and Christoph Sextroh)

22 January 2016 – Patrick McColgan, University of Strathclyde
"The Structure of Investment Bank Syndicates and the Quality of Bond Underwriting" (with Arthur Krebbers and Andrew Marshall)

11 December 2015 – Martin Schmalz, Michigan University, US
“Bank Competition under Common Owenership”

4 December 2015 – Spencer Martin, Melbourne University
“Birds of a Feather or Agents of Influence? Capital Structure Clustering and Director Network Dynamics” (with André F Gygax, Matthew Hazledine)

25 November 2015 – Mariassunta Giannetti, Stockholm School of Economics
“Board Diversity and Firm Performance Volatility” (with Mengxin Zhao)

20 November 2015 – Nikolaus Hautsch, University of Vienna, Austria
“Estimating the Spot Covariation of Asset Prices – Statistical Theory and Empirical Evidence” (with  Markus Bibinger, Peter Malec and Markus Reiss)

13 November 2015 – Eddie Riedl, Boston University
“What Does Reporting Reputation Buy in the Options Market? The Effect of Reporting Streaks on Ex-Ante Uncertainty” (with Thaddeus Neururer and George Papadakis)

30 October 2015 – Mark Clatworthy, Bristol University
“The Decision Usefulness of Financial Accounting Information: An Experimental Interview Study of Institutional Investors” (with Stefano Cascino, Beatriz García Osma and Joachim Gassen, Shahed Imam and Thomas Jeanjean)



26 June 2015  -  Steven Ongena, University of Zurich
"A Global Lending Channel Unplugged? Does US Monetary Policy Affect Cross-border and Affiliate Lending by Global US Banks" (with Judit Temesvary and Ann L Owen)

19 June 2015  -  Fabio Braggion, Tilburg University
"International Liquidity Shocks, the Real Economy, and Social Unrest: China, 1931-1935" (with Alberto Manconi and Haikun Zhu)

12 June 2015  -  Anne Beatty, Ohio State University
"Does Loan Loss Provision Timeliness Affect the Accuracy, Informativeness, and Predictability of Analyst Provision Forecasts?" (with Scott Liao)

5h June 2015  -  Dimitris Andriosopoulos, University of Strathclyde
"To Overpay or Underpay? Payout Policy, Financial Distress and Investor Horizons" (with Amedeo De Cesari and Konstantinos Stathopoulos)

22 May 2015  -  Kai Li, University of British Columbia Canada
"Do Director Elections Matter?" (with Vyacheslav Fos and Margarita Tsoutsoura)

8 May 2015  -  Stephen Penman, Columbia University
"Connecting Book Rate of Return to Risk: The Information Conveyed by Conservative Accounting" (with Xiao-Jun Zhang)

17 April 2015  -  Linda Ann Myers, University of Arkansas
"Do Consulting Revenues Affect Audit Quality? Evidence from the Post-SOX Era" (with Ling Lei Lisic, Robert Pawlewicz and Timothy A Seidel)

13 March 2015 - Gopal Krishnan, American University, US
"What Client and Auditor Attributes are Associated with Audit Adjustments?" 

6 March 2015 - Hans B Christensen, Chicago University
"The Effect of Regulatory Harmonization on Cross-border Labor Migration: Evidence from the Accounting Profession" (with Matthew J Bloomfield, Ulf Bruggemann and Christian Leuz)

27 February 2015 - Asger Lunde, Aarhus Universitet, Denmark
"Volatility and Firm Specific News Arrival" (with Robert F Engle and Martin Klint Hansen)

20 February 2015 - Peter Ove Christensen, Copenhagen Business School, Denmark
"Public Information and Efficient Capital Investments: Implications for the Cost of Capital and Firm Values" (with Hans Frimor)

13 February 2015 - Alberto Manconi, Tilburg University, Nertherlands
"Learning and Synergies in Financial Markets: Evidence from Financial M&As" (with Mancy Luo and David Schumacher)

6 February 2015 - David Veredas, Universite Libre de Bruxelles
"The Emergence of Systemically Important Insurers" (with Mardi Dungey and Matteo Luciani)

30 January 2015 - Torben Andersen, Northwestern University, US
"High-Frequency Trading Invariants for Equity-Index Futures" (with Oleg Bondarenko, Albert S Kyle and Anna Obizhaeva)

23 January 2015 - Ana Albuquerque, Boston University
"Do Boards Exercise Discretion to Reduce Costly Ex Post Settling Up? (with Bingyi Chen, Qi (Flora) Dong and Edward J Riedl)

16 January 2015 - Huainan Zhao, Cranfield University
"Financial Leverage and Employee Death: Evidence from China's Coalmining Industry" (with Huihua Nie)

5 December 2014 - Thorsten Sellhorn, University of Munich
"Recognition Versus Disclosure of Fair Values"

28 November 2014 - Norvald Instefjord, Essex University
"Loan Monitoring and Bank Risk" (with Hiroyuki Nakata)

21 November 2014 – Gaika Ormazabal Sanchez, IESE Business School, Spain
"Prosecuting Price-Fixing Cartels: The Role of Independent Directors"
(with Murillo Campello and Daniel Ferres)

14 November 2014 – Bruce Grundy, Melbourne University
"Can Socially Responsible Firms Survive Competition? An Analysis of
Corporate Employee Matching Grants"

31 October 2014 – Holger Daske, University of Mannheim, Germany
"A Tale of Two Regulators: Risk Disclosures, Liquidity, and Enforcement in
the Banking Sector"

17 October 2014 – Stephen Brown, New York University
"Betting Against Beta or Demand for Lottery" (with Turan G Bali,
Scott Murray and Yi Tang)

10 October 2014 – Robert Korajczyk, Northwestern University, US
"Horizon Pricing" (with Avraham Kamara, Xiaoxia Lou and Ronnie Sadka)



27 June 2014 - Xin Chang, Nanyang Technological University, Singapore
“Patents and Productivity Growth: Evidence from Global Patent Awards” (with R David McLean, Bohui Zhang and Wenrui Zhang)

13 June 2014 - Valeri Nikolaev, University of Chicago
“Deflating Profitability” (with Ray Ball, Joseph Gerakos, and Juhani T Linnainmaa)

6 June 2014 - Daniel W Collins, University of Iowa, USA
"Financial Statement Comparability and the Efficiency of Acquisition Decisions" (with Ciao-Wei Chen, Todd Kravet and Rick Mergenthaler)

30 May 2014 - Lisa Goh, London School of Economics
“Compensation disclosure, say on pay, and the disappearance of executives from boards of directors” (with Yasmine Chahed)

16 May 2014 - Hening Liu, Manchester Business School
“Growth Uncertainty, Generalised Disappointment Aversion and Production-based Asset Pricing” (with Jianjun Miao)

9 May 2014 - John Campbell, Harvard University, USA
"Monetary Policy Drivers of Bond and Equity Risks" (with C Pflueger and LM Viceira)

7 March 2014  -  Laura Delaney, City University
“The Impact of Voluntary Disclosure on a Firm’s Investment Policy” (with Jacco JJ Thijssen)

21 February 2014 - Soosung Hwang, Sungkyunkwan University, Seoul, Korea 
“Overconfidence, Ambiguity Aversion, and Excess Arbitrage Trading” (with Min Hwang and Sanha Noh)

31 January 2014 - Enrique Schroth, Cass Business School
"Debt Negotiation and Investment Decisions Across Countries" (with Giovanni Favara, Erwan Morellec and Philip Valta)

6 December 2013 - Linda Ann Myers, Univesity of Arkansas, USA
“The Effect of Media Characteristics on Analyst Forecast Properties: Cross-Country Evidence”

22 November 2013 - David Veenman, Erasmus University, Rotterdam
“The Role of Earnings Forecast Uncertainty in Explaining Zero and Small Positive Earnings Surprises” (with Sanjay Bissessur)

8 November 2013 - Simi Kedia, Ruthers University, USA
"Did Going Public Impair Moody's Credit Ratings?" (with Shivaram Rajgopal and Xing Zhou)

1 November 2013 - Elizabeth Whalley, Warwick Business School
"Future Option Grants"

25 October 2013 - Chris Nobes, Royal Holloway, University of London
"The Effects of IFRS Adoption on Cross-Country Variation in Book-Tax Conformity" (with Erlend Kvaal)

18 October 2013  -  Martin Jacob, WHU-Otto Beisheim School of Management DE
"Payout Policies of Privately Held Firms: Flexibility and the Role of Income Taxes" (with Annette Alstadsaeter)

11 October 2013 - Marcin Kacperczyk, Imperial College London 
"Do Security Analysts Discipline Credit Rating Agencies?" (with Kingsley Fong, Harrison Hong and Jeffrey D Kubik)


2012 - 2013

14 June 2013   Juhani Linnainmaa, University of Chicago "Common Factors in Stock Market Seasonalities", (with Matti Keloharju and Peter Nyberg)

7 June 2013   Marie Dutordoir, Manchester Business School "Self-Selection and Stock Returns Around Corporate Security Offering Announcements", (with Laurie Simon Hodrick)

17 May 2013   Ruediger Fahlenbrach, Ecole Polytechnique Federele de Lausanne (EPFL), Switzerland "Trust Preferred Securities and Regulatory Arbitrage", (with Nicole Boyson and Rene M Stulz)

10 May 2013   Antonio Davila, IESE Business School, Spain "Ratching Effect and the Role of Relative Target Setting", (with Carmen Aranda and Javier Arellano)

26 April 2013     Viral Acharya, New York University "The Greatest Carry Trade Ever?  Understanding Eurozone Bank Risks", (with Sascha Steffen)

1 March 2013    Paul Andre, ESSEC Business School, France "The Voluntary Adoption of IFRS by UK Unlisted Firms", (with Fani Kaligorou, Peter Walton and Dan Yang)

22 February 2013   Jo Horton, Exeter University "The Role of Disclosure in Building Trust for Innovators: A Network Analysis", (with George Serafeim and Irem Tuna)

25 January 2013   Francesca Franco, London Business School "Trends in Executive Gender Pay Gaps: The Role of Females' Risk Aversion and Board Composition", (with Mary Ellen Carter and Mireia Gine)

30 November 2012   Viktor Todorov, Northwestern University, USA "Parametric Inference and Dynamic State Recovery from Option Panels", (with Torben G Anderson and Nicola Fusari)

14 December 2012   Chendi Zhang, Warwick Business School "Information Sharing, Creditor Rights, and Corporate Debt Maturity", (with Marco Sorge and Kostas Koufopoulos)

7 December 2012   Bea Garcia, Universidad Autonoma de Madrid, Spain "Accounting Conservatism and the Limits to Earnings Managment", (with Juan Manuel Garcia Lara and Fernando Penalva)

23 November 2012   Philip Molyneux, Bangor University UK "Small Banks and Local Economic Development".

9th November 2012   Piotr Korczak, University of Bristol "Insider Attributes and Profitability of Insider Trading"

2 November 2012   Giulia Iori, City University "Informatino Theoretic Description of the e-Mid Interbank Market: Implications for Systemic Risk", (with Vasilis Hatzopoulos)

26 October 2012   Daniel Giamouridis, Athens University of Economics & Business "Stock Return Predictability of Cross-Market Deviations in Option Prices and Credit Default Swap Spreads" (with Georgios Angelopoulos and Georgios Nikolakakis)

19 October 2012   Ilya Strebulaev, Stanford GSB "An (S,s) Model of Capital Structure: Theory and Evidence" (with Arthur Korteweg)

12 October 2012   Jeff Burks, University of Notre Dame, USA "The Market Pricing of Other-Than-Temporary Impairments", (with Brad A Badertscher and Peter D Easton)   

2011 - 2012 

22 June 2012   Douglas Cumming, York University, Schulich School of Business, Canada
"Exchange Trading Rules, Surveillance and Insider Trading", (with Feng Zhan and Michael Aitken).

15 June 2012   Joshua Ronen, Stern School of Business New York University
"Unfair "Fair Value" in an Opaque Credit Default Swap Market: How Marketing-to-Market pushed the International Credit Crunch", (with Alex K Dontoh, Fayez A Elayan and Tavy Ronen).

8 June 2012   Mara Faccio, Purdue University, USA
"Taxes and Capital Structure", (with Jin Xu)

1 June 2012   Ane Tamayo, London School of Economics
"How do Industry Peers Respond to Control Threats?"

25 May 2012   Ann Tarca, University of Western Australia
"Mandatory Adoption of IFRS and Analysts' Forecasts: How Much Does Enforcement Matter?" (with John Preiato and Philip Brown).

22 May 2012   Katherine Schipper, Duke University, USA
"Evidence that Market Participants Assess Recognized and Disclosed Items Similarly when Reliability is not an Issue"

4 May 2012   Colin Mayer, University of Oxford
"Regulatory Sanctions and Reputational Damage in Financial Markets", (with John Armour and Andrea Polo)

9 March 2012   Thomas Jeanjean, ESSEC, France
"Does Adoption of IAS/IFRS Deter Earnings Management?" (with Vedran Capkun and Daniel W Collins) 

10 February 2012   Peter Szilagyi, University of Cambridge
"The Board of Directors in the Governance of Hedge Funds"

3 February 2012    Theo Vermaelen, INSEAD France
"Contingent Capital: The Case of Coercs" (with George Pennacchi and Christian CP Wolff)

27 January 2012   David Johnstone, University of Sydney
"Information Risk in Decision Theory and Asset Pricing"

20 January 2012   Vicky Henderson, Oxford-Man Institute
"Executive Stock Options: Portfolio Effects"

9 December 2011   Mark Bradshaw, Boston College, USA
"Opacity, Crash Risk and Option Smirk Curves" (with Amy P Hutton, Alan J Marcus and Hassan Tehranian)

2 December 2011   Peter Easton, University of Notre Dame
"Dissecting Earnings Recognition Timeliness" (with Ryan Ball)

18 November 2011   Chris Chapman, Imperial College, London
"Transparency as an Antecedent to Accuracy and Efficiency in Cost System Design:  Evidence from the Field" (with Dr Anja Kern) 

11 November 2011   Evgeny Lyandres, Boston University, USA
"Strategic Cash Holdings and R&D Competition: Theory and Evidence" (with Dino Palazzo)

28 October 2011   Paul Schneider, Warwick Business School
"The Skew Risk Premium in Index Option Prices", (with Roman Kozhan and Anthony Neuberger)

14 October 2011   Suleyman Basak, London Business School
"Asset Prices and Institutional Investors", (with Anna Pavlova) 

2010 - 2011

10 June 2011   Eilnaz Kashefi Pour, Cass Business School
"The Impact of Leverage on the Delisting Decision of AIM Companies" (with Meziane Lasfer and Maria Carapeto)

27 May 2011   Marta Szymanowska, Rotterdam School of Management, Netherlands
"Creating Value or Adding Noise: the Role of Persistent Predictors in Asset Pricing" (with Devraj Basu)

13 May 2011   Tarun Ramadorai, Said Business School, Oxford
"On the Dynamics of Hedge Fund Risk Exposures"

5 April 2011   Rui Albuquerque, Boston University, USA
"Skewness in Stock Returns:  Reconciling the Evidence on Firm versus Aggregate Returns"

1st April 2011   Martin ConyonWharton School, University of Pennsylvania, USA
"Executive Compensation and Corporate Governance in China" (with Lerong He)

30 March 2011   Sven Modell, Manchester Business School
"Power and Performance: Institutional Embeddedness and Performance Management in a Chinese Local Government Organization" (with ChunLei Yang)

11 March 2011   Per Olsson, Duke University, USA
"Peer Firm Selection for Discretionary Accruals Models" (with Frank Ecker, Jennifer Francis and Katherine Schipper)

25 February 2011   Mohan Venkatachalam, Duke University, USA
"Analyzing Speech to Detect Financial Misreporting" (with Jesson L Hobson and William J Mayew)

4 February 2011   Mike Burkart, Stockholm School of Economics, Sweden with Samuel Lee, Stern School, NYU)
"Smart Buyers"

28 January 2011   Peter Fiechter, University of Zurich, Switzerland (with Zoltan Novotny-Farkas, University of Frankfurt)
"The Pricing of Fair Values during the Financial Crisis: Evidence from an International Setting"

10 December 2010   Andrea Gamba, Warwick Business School
"Disintegrating Risk Management" (with Alexander J Triantis)

3 December 2010   Michael Brennan, University of California at Los Angeles, USA
"Predicting The Market Using Information From Equity Portfolio Returns" (with Alex P Taylor, Manchester University)

19 November 2010  Karl Lins, University of Utah, USA
"Shareholder Voting and Corporate Governance Around the World" (with Peter Iliev, Darius P Miller and Lukas Roth)

5 November 2010   Daniel Ferreira, London School of Economics
"Boards of Banks" (with Tom Kirchmaier and Daniel Mertzger)

29 October 2010   Mary Ellen Carter, Carroll School of Management, Boston College, USA
"Premium Pay for Executive Talent: An Empirical Analysis"

14 October 2010   AJ Ostaszewski, London School of Economics
"Inference from Non-Disclosure:  Assessing Precision in Managerial Vision" (with Miles B Gietzmann, Cass Business School)