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…
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…
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…
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…
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…
University of Virginia Investing Conference (UVIC) 2022
DardenMore details to be posted on https://www.darden.virginia.edu/mayo-center/events/uvic
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…
Ting Xu – Darden – Brown Bag Series
DardenThe 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 Read more…