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October 2020
UVIC 2020 – the rise of ESG investing
Register Here This year, via Zoom, the University of Virginia Investing Conference (UVIC) focuses attention in the role of ESG investing. We will provide an array of diverse, well-reasoned ideas and views on this vitally important, yet challenging, topic. The investment world is rapidly moving towards one in which individual…
Find out more »Antoinette Schoar – MIT, Sloan School of Management
The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market Manuel Adelino, W. Ben McCartney, and Antoinette Schoar August 3, 2020 Abstract The distribution of combined loan-to-value ratios (CLTVs) for purchase mortgages has been remarkably stable in the U.S. over the last 25 years. But…
Find out more »November 2020
Alex Edmans – LBS – Mayo Center for Asset Management Virtual Seminar Series
Speaker: Alex Edmans, Professor of Finance at London Business School, and author of Grow the Pie: How Great Companies Deliver both Purpose and Profit Topic: Responsible Investing: What Is It, Does It Work, and How To Do It? Details and registration to be posted soon at https://www.darden.virginia.edu/mayo-center/events/virtual-speaker-series
Find out more »February 2021
Robert Bruner – Darden – Brown Bag Series
Britain’s Great Railway Mania of the 1840s: The Roles of Politics, Money, and Liberalization (joint with Scott Miller)
Find out more »2021 ICI/Mayo Academic and Practitioner Symposium – Day 1
2020 ICI/Mayo Academic and Practitioner Symposium Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. https://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium
Find out more »Ting Xu – Darden – Brown Bag Series
Regulatory Costs of Being Public: Evidence from Bunching Estimation (joint with Michael Ewens and Kairong Xiao) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3740722 Many disclosure and internal governance regulations for U.S. public firms trigger when a firm's public float exceeds a threshold. Consistent with firms seeking to avoid costly regulation, we document significant bunching around multiple…
Find out more »2021 ICI/Mayo Academic and Practitioner Symposium – Day 2
2020 ICI/Mayo Academic and Practitioner Symposium Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. https://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium
Find out more »March 2021
Pekka Honkanen – Univ. of Georgia – Brown Bag Series
Securities Lending and Trading by Active and Passive Funds Abstract I study the market for lending and borrowing securities in the United States. I find that by making securities available for borrowing, mutual funds acquire information about short selling, which they exploit for trading. Funds with discretion in their investment…
Find out more »Michael Young – Missouri – Brown Bag Series
Hiding in Plain Sight: The Global Implications of Manager Disclosure (joint with Richard Evans, Miguel Ferreira, and Pedro Matos)
Find out more »Robert Parham – McIntire – Brown Bag Series
Revisiting Roll's R2 Puzzle (with Brent Kitchens and Chris Yung) Abstrac: We resolve Roll's R2 puzzle. Before legislation enacted to prevent such practices, information leakage through selective disclosure could be incorporated into market prices prior to public release of news. I.e., "news days" did not deliver news to the stock…
Find out more »Philipp Schnabl – New York University, Stern School of Business
The Financial Origins of the Rise and Fall of American Inflation Itamar Drechsler, Alexi Savov, and Philipp Schnabl Abstract We propose and test a new explanation for the rise and fall of the Great Inflation,a defining event in macroeconomics. We argue that its rise was due to the imposition of…
Find out more »April 2021
Nuri Ersahin – Michigan State – Brown Bag Series
Crowded out from the Beginning: Impact of Government Debt on Corporate Financing Cagri Akkoyun, Nuri Ersahin, & Christopher James March 22, 2021 Abstract Using hand-collected data on corporate bond and stock offerings, we identify the impact of government debt on corporate financing during World War I. The early twentieth century…
Find out more »Robert Parham – McIntire – Brown Bag Series
"Why are firm growth distributions fat-tailed?"
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