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…
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…
Anya Kleymenova – Federal Reserve Board – Brown Bag Series
Darden, FOB 294Bradley Paye (Virginia Tech)
McIntireICI/Mayo Academic and Practitioner Symposium – Robo-Advising/Crypto
UVA Darden Sands Family Grounds 1100 Wilson Boulevard, Arlington, VA, United Stateshttps://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium ICI/Mayo Academic and Practitioner Symposium on Mutual Funds and ETFs Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. Fintech, Robo-Advising and Cryptocurrencies FRIDAY, 24 FEBRUARY 2023 9 a.m. - 3:30 p.m. (EST) UVA Darden Sands Read more…
Jun Yang – Mendoza College of Business (Notre Dame) – Brown Bag Series
Darden, FOB 194Syndicated Lending, Competition and Relative Performance Evaluation Abstract Relative performance evaluation (RPE) intensifies competitive pressure by tying executive compensation to the profits of rivals. We show that these contracts make loan syndication harder by reducing banks’ willingness to participate in loans underwritten by banks named in their RPE contracts. Lead Read more…
Taylor Nadauld – BYU (Marriott)
McIntireChristopher Reilly – UT Dallas
Darden, FOB 194Hidden Cost of Corporate Bond ETFs Abstract I document a hidden but substantial cost associated with the liquidity transformation that corporate bond exchange-traded funds (ETFs) provide. When creating new shares, authorized participants (APs) deliver a subset of the portfolio of bonds that underlie a corporate bond ETF. This subset contains Read more…