Lin William Cong – Cornell
ZoomAlphaPortfolio for Investment and Economically Interpretable AI We propose reinforcement-learning-based portfolio management, an alternative that improves upon the traditional two-step portfolio-construction paradigm a la Markowitz (1952), to directly optimize investors' objectives. Specifically, we enhance cutting-edge neural networks such as Transformer with a novel cross-asset attention mechanism to effectively capture the Read more…
Andrew Karolyi (Cornell) – Mayo Center Virtual Seminar Series
Format: via Zoom. This is a joint event with FMA International. More details at https://www.darden.virginia.edu/mayo-center/events/speaker-series-economic-financial-implications-covid-19 Topic: TBA There will be a Q&A session following the prepared remarks. Moderator: Marc L. Lipson - Robert F. Vandell Professor of Business Administration
Maureen O’Hara (Cornell) – Mayo Center Virtual Seminar Series
Format: via Zoom. This is a joint event with FMA International. More details at https://www.darden.virginia.edu/mayo-center/events/speaker-series-economic-financial-implications-covid-19 Topic: TBA There will be a Q&A session following the prepared remarks. Moderator: Richard B. Evans - Associate Professor of Business Administration
Ha Diep-Nguyen – Purdue
ZoomSocial Collateral_062020 HaDiepNguyen_CV
Manju Puri – Duke University, Fuqua School of Business
ZoomPrivate Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis Emily Johnston-Ross, Song Ma, & Manju Puri Abstract Using proprietary failed bank acquisition data from the FDIC combined with information on private equity (PE) investors, we argue that PEs took a positive role in stabilizing the financial Read more…
Will Zhang – Darden – Brown Bag Series
ZoomHow do Extreme Price Movements End? (with Jonathan Brogaard and Konstantin Sokolov) Abstract: We test competing theories on liquidity dynamics during extreme price movements (EPMs). Contrary to a widespread concern that market making constraints cause liquidity deterioration during EPMs, our findings are in line with the theory of strategic liquidity Read more…
Pedro Matos – Darden – Brown Bag Series
Zoom"Where Do Institutional Investors Seek Shelter when Disaster Strikes? Evidence from COVID-19", with Simon Glossner, Stefano Ramelli, and Alexander F. Wagner
Joel Peress – INSEAD
ZoomWe propose a novel theory and supporting empirical evidence that lower long term interest rates (e.g., due to “quantitative easing”) can harm informational and allocative efficiency. We develop a rational expectations equilibrium model in which the interest rate is determined endogenously and utilized by investors to update their beliefs. Interest Read more…
Zhaohui Chen – McIntire – Brown Bag Series
ZoomFinancial Innovation with Endogenous Experimentation Zhaohui Chen, Alan Morrisson, and William Wilhelm We present a model in which a long-lived bank endogenously learns about the environment for financial innovation through experimentation on its clients. When the bank has superior knowledge of the state of the world facing its clients, it Read more…
Felipe Saffie – Darden – Brown Bag Series
ZoomExchange Rates and Endogenous Productivity Nils Gornemann, Pablo Guerron-Quintana, and Felipe Saffie September 15, 2020 Abstract Real exchange rates (RERs) display sizable fluctuations not only over the business cycle,but also at lower frequencies, resulting in large and persistent swings over decades—facts that many business cycle models struggle to match. We Read more…
Paul Gompers – Harvard Business School
ZoomVenture Capitalists Decisions and COVID-19 Paul Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. Strebulaev August 2020 Abstract We survey over 1,000 institutional and corporate venture capitalists (VCs) at more than 900 different firms to learn how their decisions and investments have been affected by the COVID-19 pandemic. We Read more…
Justin Hopkins – Darden – Brown Bag Series
ZoomTitle: Corporate Counsel as Information Intermediaries: Survey Evidence Description: We plan to conduct a survey of corporate counsel. Before sending it out, we’d like to get some feedback on the questions we are planning to ask. In particular, which questions would be interesting to an academic audience. Our survey is Read more…
Jennie Bai – Georgetown
Zoomcross-asset-information-synergy_BAI Title: Cross-Asset Information Synergy in Mutual Fund Families
David Smith – McIntire – Brown Bag Series
Zoom"Corporate Capital Raising during the COVID Crisis" with Greg Nini and Edie Hotchkiss