Nuri Ersahin – Michigan State – Brown Bag Series

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Crowded out from the Beginning: Impact of Government Debt on Corporate Financing Cagri Akkoyun, Nuri Ersahin, & Christopher James March 22, 2021 Abstract Using hand-collected data on corporate bond and stock offerings, we identify the impact of government debt on corporate financing during World War I. The early twentieth century Read more…

Johannes Stroebel – NYU

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Social Proximity to Capital: Implications for Investors and Firms Theresa Kuchler, Yan Li, Lin Peng, Johannes Stroebel, Dexin Zhou Abstract We show that institutional investors are more likely to invest in firms from regions to which they have stronger social ties but find no evidence that these investments earn a Read more…

Michael Piwowar – Mayo Center for Asset Management Virtual Seminar Series

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Speaker: Michael Piwowar - Executive Director, Milken Institute Center for Financial Markets (former acting chair of the Securities and Exchange Commission) Topic: How the Rise of Retail Trading Impacts Markets and Investors Details and registration to be posted soon at https://www.darden.virginia.edu/mayo-center/events/virtual-speaker-series

Michaela Pagel – Columbia

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Consumption out of Fictitious Capital Gains and Selective Inattention Benjamin Loos, Steffen Meyer, and Michaela Pagel Abstract Do retail investors’ behavioral biases in trading directly affect their consumption out of stock market wealth? We exploit a natural experiment that changed the displayed purchase prices in investors’ online portfolios. Investors are Read more…

Jay Ritter – Mayo Center for Asset Management Virtual Seminar Series

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Speaker: Jay Ritter, Joseph B. Cordell Eminent Scholar in the Department of Finance at the University of Florida. Prof Ritter is known as “Mr. IPO” for his work on initial public offerings. During 2014-15, he served as president of the Financial Management Association. Topic: SPACs Details and registration to be Read more…