Seminar
Vera Chau – Chicago
McIntire, RRH 305Berk 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…
Daniel Greenwald – MIT
McIntireDaniel will present his paper, 'The Credit Line Channel' in-person at Rouss and Robertson Hall Room 305. The paper is attached and the abstract appears below. The seminar can also be attended virtually at the following Zoom Link: https://www.commerce.virginia.edu/CIFM-seminar The Credit Line Channel Abstract: Aggregate U.S. bank lending to firms 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…
Eva Steiner – Penn State
McIntireManuel Adelino – Duke (Fuqua)
McIntireVadim 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…
Song Ma – Yale School of Management
Darden, FOB 194The Education-Innovation Gap Barbara Biasi and Song Ma May 17, 2022 Abstract This paper documents differences across higher education courses in the coverage of frontier knowledge. Applying natural language processing (NLP) techniques to the text of 1.7M syllabi and 20M academic articles, we construct the “education-innovation gap,” a syllabus’s relative Read more…
Michael Ewens – Columbia (GSB)
McIntireHyeik Kim – University of Alberta
Darden, FOB 294All 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 Read more…