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November 2022
Ting Xu – Darden – Brown Bag Series
The Effect of Childcare Access on Women’s Careers and Firm Performance Abstract We study the effect of government-subsidized childcare on women's career outcomes and firm performance using linked tax filing data. Exploiting a universal childcare reform in Quebec in 1997 and the variation in its timing relative to childbirth across…
Find out more »December 2022
Hyeik Kim – University of Alberta
All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization Abstract Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners target and manage these assets? And does the contract form—control rights (concession) vs. outright ownership (sale)—matter? We explore these questions in…
Find out more »February 2023
ICI/Mayo Academic and Practitioner Symposium – Robo-Advising/Crypto
https://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium ICI/Mayo Academic and Practitioner Symposium on Mutual Funds and ETFs Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. Fintech, Robo-Advising and Cryptocurrencies FRIDAY, 24 FEBRUARY 2023 9 a.m. - 3:30 p.m. (EST) UVA Darden Sands…
Find out more »March 2023
Jun Yang – Mendoza College of Business (Notre Dame) – Brown Bag Series
Syndicated Lending, Competition and Relative Performance Evaluation Abstract Relative performance evaluation (RPE) intensifies competitive pressure by tying executive compensation to the profits of rivals. We show that these contracts make loan syndication harder by reducing banks’ willingness to participate in loans underwritten by banks named in their RPE contracts. Lead…
Find out more »Christopher Reilly – UT Dallas
Hidden Cost of Corporate Bond ETFs Abstract I document a hidden but substantial cost associated with the liquidity transformation that corporate bond exchange-traded funds (ETFs) provide. When creating new shares, authorized participants (APs) deliver a subset of the portfolio of bonds that underlie a corporate bond ETF. This subset contains…
Find out more »April 2023
Ralph Koijen – Booth (Chicago)
Asset Demand of U.S. Households Abstract We use new monthly security-level data on portfolio holdings, flows, and returns of U.S. households to understand asset demand across multiple asset classes. Our data cover a wide range of households across the wealth distribution – including ultra-high-net-worth (UHNW) households – and holdings in…
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