Darden
2022 ICI/Mayo Academic and Practitioner Symposium – Day 1
ZoomCo-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. Climate Change and Asset Management Featuring Keynote Speakers: Lisa Jones (President and CEO, Amundi US) Lubos Pastor (Charles P. McQuaid Professor of Finance, University of Chicago) DATE: 11 Read more…
Ian Appel (Boston College)
Darden, FOB 174Christoph Herpfer (Emory University, Goizueta Business School)
Darden, FOB 294Veronika Pool (Vanderbilt University, Owen Graduate School of Management)
Darden, Classroom 120Berk Sensoy (Vanderbilt University, Owen Graduate School of Management)
ZoomDiversifying Private Equity Abstract Most institutional investors in private equity (PE) invest in just one or two PE funds per year. For these investors, it is overly optimistic to judge the value of PE as an asset class by its average performance, as prior literature does, because it does not Read more…
Michael Weber (The University of Chicago, Booth School of Business)
Darden, Classroom 120Missing Data in Asset Pricing Panels Abstract Missing data for return predictors is a common problem in cross sectional asset pricing studies. Most papers do not explicitly discuss how they treat missing data but conventional treatments focus on complete cases for all predictors or impute the unconditional mean for the Read more…
Vaska Atta-Darkua – Darden – Brown Bag Series
ZoomZoom link: https://darden-virginia.zoom.us/j/96249829459. Decarbonizing Institutional Investor Portfolios by Vaska Atta-Darkua, Simon Glossner, Philipp Krueger, Pedro Matos Combining global data on institutional investors’ equity holdings and firm-level carbon emissions, we study whether and how climate-conscious institutions reduce the carbon emissions of their equity portfolios. We find that institutions actively decarbonized their Read more…
Frank Warnock – Brown Bag Series – Darden
ZoomForeign Investors and US Treasuries Alexandra M. Tabova & Francis E. Warnock We build, from confidential security-level surveys, a novel dataset on the size, flows, coupon payments, and returns of the US Treasuries portfolios of foreign and US investors. The internally consistent dataset provides evidence on foreigners’ Treasuries portfolios that Read more…
Josh Lerner – HBS
Darden, Classroom 130Financial Innovation in the 21st Century: Evidence from U.S. Patents Josh Lerner, Amit Seru, Nicholas Short, & Yuan Sun December 29, 2021 We explore financial innovation through a dataset of 24 thousand U.S. finance patents granted over last two decades, using machine learning to identify the financial patents and extensively Read more…
Vadim Elenev – Carey (Johns Hopkins)
Darden, Classroom 130Marina Niessner – Wharton
Darden, Classroom 130Can Social Media Inform Corporate Decisions? Evidence from Merger Withdrawals
Ludovic Phalippou – Saïd (Oxford)
Darden, FOB 194Employee Views of Leveraged Buy-Out Transactions ABSTRACT Employee satisfaction decreases following a company acquisition. This effect is, generally, higher when it is through a Leveraged Buy-Out (LBO), but with considerable heterogeneity: the decrease in employee satisfaction is concentrated in Tech LBOs and in Public-to-Private (PU2PE) transactions. After any M&A transaction, Read more…
Fotis Grigoris – Kelley (Indiana) – Brown Bag Series
Darden, FOB 294Inflation and the Relative Price Premium Abstract This study shows that relative price dispersion impacts risk premia. Notably, firms associated with goods and services that have increased (decreased) in price relative to the headline inflation rate earn high (low) returns. We refer to this return spread of 0.71% per month Read more…