De 7:00h a 14:00h
Instituto Tecnológico Autónomo de México - ITAM, and Fundación de Estudios Financieros - FUNDEF
Organized by Guillermo Zamarripa, Pablo Galván, Francisco Pérez and Aurelio Vásquez
Day One: Friday, June 5, 2015
8.15-9.00 h
Breakfast and Welcome
9.00-10.30 h
Keynote Address
Benchmarks, Tracking-Error and Investment (Beta) Decisions
Myron Scholes, Stanford University
10.30-11.00 h
COFFEE BREAK
11.00-12.15 h
Friday Morning Session 1: Real Effects of Financial Markets
How Collateral Laws Shape Lending and Sectoral Activity
Authors: Charles W. Calomiris, Mauricio Larrain, José Liberti, and Jason Sturgess
Presenter: Mauricio Larrain
Discussant: Jacopo Ponticelli, University of Chicago
Firm Leverage and Unemployment during the Great Recession
Authors: Xavier Giroud and Holger Mueller
Presenter: Xavier Giroud, MIT
Discussant: TBA
12.15-14.30 h
LUNCH
14.30-15.45 h
Friday Afternoon Session 1: Compensation in Financial Markets
Short Selling and the Design of Executive incentives
Authors: David De Angelis, Gustavo Grullon, and Sebastian Michenaud
Presenter: David De Angelis, Rice University
Discussant: TBA
Returns to Talent and the Finance Wage Premium
Authors: Claire Celerier and Boris Vallee
Presenter: Boris Vallee, Harvard University
Discussant: TBA
15.45-16.15 h
COFFEE BREAK
16.15-17.00 h
Friday Afternoon Session 2: Mutual Funds
Managerial Activeness and Mutual Fund Performance
Authors: Hitesh Doshi, Redouane Elkamhi, and Mikhail Simutin
Presenter: Redouane Elkamhi, University of Toronto
Discussant: TBA
7.15 h
DINNER COCKTAIL
Day Two: Saturday, June 6, 2015
8.30-9.00 h
Breakfast
9.00-10.45 h
Saturday Morning Session 1: Asset Pricing
Betting against Beta or Demand for Lottery
Authors: Turan G. Bali, Stephen J. Brown, Scott Murray and Yi Tang
Presenter: Scott Murray, University of Nebraska
Discussant: Christian Wagner, Copenhagen Business School
The Trend in Firm Profitability and the Cross Section of Stock Returns
Authors: Ferhat Akbas, Chao Jiang, and Paul Koch
Presenter: Ferhat Akbas, University of Kansas
Discussant: Alex Horenstein, University of Miami
The price of variance risk
Authors: Ian Dew-Becker, Stefano Giglio, Anh Le, and Marius Rodriguez
Presenter: Stefano Giglio, Chicago Booth
Discussant: TBA
10.45-11.15 h
COFFEE BREAK
11.15-12.30 h
Saturday Morning Session 2:
Intraday Momentum: The First Half-Hour Return Predicts the Last Half-Hour Return
Authors: Lei Gao, Yufeng Han, Sophia Zhengzi Li and Guofu Zhou
Presenter: Yufeng Han, University of Colorado Denver
Discussant: Ryan Israelsen, Indiana University
What does the PIN model identify as private information?
Authors: Jefferson Duarte, Edwin Hu, and Lance Young
Presenter: Jefferson Duarte, Rice University
Discussant: Yelena Larkin, Penn State University
13.00-19.00 h
VISIT TO THE PYRAMIDS OF TEOTIHUACAN
56284000 ext 6518