Antoinette Schoar – MIT, Sloan School of Management
ZoomThe Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market Manuel Adelino, W. Ben McCartney, and Antoinette Schoar August 3, 2020 Abstract The distribution of combined loan-to-value ratios (CLTVs) for purchase mortgages has been remarkably stable in the U.S. over the last 25 years. But Read more…
Alex Edmans – LBS – Mayo Center for Asset Management Virtual Seminar Series
ZoomSpeaker: Alex Edmans, Professor of Finance at London Business School, and author of Grow the Pie: How Great Companies Deliver both Purpose and Profit Topic: Responsible Investing: What Is It, Does It Work, and How To Do It? Details and registration to be posted soon at https://www.darden.virginia.edu/mayo-center/events/virtual-speaker-series
Andrey Malenko – Michigan
ZoomCorporate governance in the presence of active and passive delegated investment - CMM
Rich Evans – Darden – Brown Bag Series
The Loan Fee Anomaly: A Short Seller's Best Ideas Joseph Engelberg, Richard B. Evans, Gregory Leonard, Adam V. Reed, & Matthew C. Ringgenberg Abstract We find that equity loan fees are the best predictor of cross-sectional returns. When compared to 102 other anomalies, the loan fee anomaly has the highest Read more…
Robert Bruner – Darden – Brown Bag Series
ZoomBritain’s Great Railway Mania of the 1840s: The Roles of Politics, Money, and Liberalization (joint with Scott Miller)
2021 ICI/Mayo Academic and Practitioner Symposium – Day 1
2020 ICI/Mayo Academic and Practitioner Symposium Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. https://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium
Ting Xu – Darden – Brown Bag Series
ZoomRegulatory Costs of Being Public: Evidence from Bunching Estimation (joint with Michael Ewens and Kairong Xiao) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3740722 Many disclosure and internal governance regulations for U.S. public firms trigger when a firm's public float exceeds a threshold. Consistent with firms seeking to avoid costly regulation, we document significant bunching around multiple Read more…
2021 ICI/Mayo Academic and Practitioner Symposium – Day 2
2020 ICI/Mayo Academic and Practitioner Symposium Co-hosted by the Investment Company Institute and the Richard A. Mayo Center for Asset Management, Darden School of Business, University of Virginia. https://www.darden.virginia.edu/faculty-research/seminars-conferences/academic-practitioner-symposium
Pekka Honkanen – Univ. of Georgia – Brown Bag Series
ZoomSecurities Lending and Trading by Active and Passive Funds Abstract I study the market for lending and borrowing securities in the United States. I find that by making securities available for borrowing, mutual funds acquire information about short selling, which they exploit for trading. Funds with discretion in their investment Read more…
Neng Wang – Columbia
ZoomESG_paper_HWY36-UVA-Feb-2021
Michael Young – Missouri – Brown Bag Series
ZoomHiding in Plain Sight: The Global Implications of Manager Disclosure (joint with Richard Evans, Miguel Ferreira, and Pedro Matos)
Robert Parham – McIntire – Brown Bag Series
ZoomRevisiting Roll's R2 Puzzle (with Brent Kitchens and Chris Yung) Abstrac: We resolve Roll's R2 puzzle. Before legislation enacted to prevent such practices, information leakage through selective disclosure could be incorporated into market prices prior to public release of news. I.e., "news days" did not deliver news to the stock Read more…
Philipp Schnabl – New York University, Stern School of Business
ZoomThe Financial Origins of the Rise and Fall of American Inflation Itamar Drechsler, Alexi Savov, and Philipp Schnabl Abstract We propose and test a new explanation for the rise and fall of the Great Inflation,a defining event in macroeconomics. We argue that its rise was due to the imposition of Read more…