Marshall School of Business

Spring 2014
FBE Finance Seminar Series

The USC Finance and Business Economics Department usually sponsors three seminar series each semester.
Applied Economics Workshop | Finance Seminar Series | Macroeconomics & International Finance Workshop
The joint SPPD/Marshall School Lusk Center for Real Estate also offers a Real Estate Seminar series and the
FBE Dept. Center for Investment Studies has an occasional Distinguished Speaker Series.

Finance Series seminars are usually held on Fridays from 10:30 a.m. - 12:00 p.m. Rooms vary from week to week.
We no longer provide hardcopies of the papers. If you want a printout, please download and print the PDF file
available by clicking on the paper title.
Thank you.   [parking & seminar map (.pdf)]   [interactive USC campus map]

Rev Date Speaker Title of Paper Room
  Jan. 17
Arthur Korteweg
  Stanford GSB
Is it Just the Idea that Matters? A Field Experiment on Early Stage Investment     abstract    (co-authors: Shai Bernstein, Stanford, and Kevin Laws, AngelList, LLC).    Per the author's request, this paper will not be posted. Please email the Program Administrator to obtain a PDF copy of the paper. JKP-210
  Jan. 24 Roberto Steri
Collateral-Based Asset Pricing JKP-210
   Jan. 31 Sam Kruger
The Effect of Mortgage Securitization on Foreclosure and Modification JKP-210
  Feb. 7          - - -  No seminar.    - - -
   Feb. 13
William Mann
Creditor rights and innovation: Evidence from patent collateral        seminar 3:30p - 4:50p, JKP-212 JKP-212
   Feb. 14 Michaela Pagel
  UC Berkeley
A News-Utility Theory for Inattention and Rebalancing in Portfolio Choice JKP-210
  Feb. 21 Jakub Jurek
Option-Implied Currency Risk Premia   (co-author: Zhikai Xu, Princeton) JKP-104
   Feb. 26
Andrea Prat
Managing the Family Firm: Evidence from CEOs at Work   (co-authors: Oriana Bandiera, LSE, and Raffaella Sadun, Harvard)
joint with FBE Microeconomics Workshop series.   Seminar: 3:30p, JKP-202

Andrea will also be presenting a joint FBE/Econ Dept. Theory workshop on MONDAY, Feb. 24. 4:00-5:30pm, in KAP-319. Paper title: "Managerial Attention and Worker Engagement" (co-author: Marina Halac, Columbia).
   Feb. 28 Charlie Nathanson
  Harvard Econ
Arrested Development: Theory and Evidence of Supply-Side Speculation in the Housing Market   (co-author: Eric Zwick, Harvard)     seminar 11:30a - 12:50p, JKP-210 JKP-210
   Mar. 4
Morris Davis
  Univ. of Wisonsin-Madison
Gross Migration, Housing and Urban Population Dynamics   (co-authors: Jonas D.M. Fisher, FRB Chicago, and Marcelo Veracierto, FRB Chicago)     seminar 12:00p - 1:15p, RGL-219 RGL-219
   Mar. 5
Rossen Valkanov
Comparing Securitized and Balance Sheet Loans: Size Matters   (co-author: Andra Ghent, ASU)
seminar 10:00a - 11:15a, RGL-219
  Mar. 7 Alexander Gorbenko
Means of Payment and Timing of Mergers and Acquisitions in a Dynamic Economy   (co-author: Andrey Malenko, MIT Sloan) JKP-210
  Mar. 13
Eric Swanson
  FRB San Francisco
Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences   Seminar: 3:30p, JKP-212 JKP-212
  Mar. 14          - - -  No seminar.    - - -
   Mar. 21          - - -  No seminar - Spring Break.    - - -
  Mar. 28 Francesco Trebbi
How Do Voters Respond to Information? Evidence from a Randomized Campaign   (co-authors: Chad Kendall, UBC, and Tommaso Nannicini, Bocconi University)   joint with FBE Applied Econ Workshop series. JKP-112
  Apr. 4 George Constantinides
Asset Pricing with Countercyclical Household Consumption Risk   (co-author: Anisha Ghosh, Carnegie Mellon) - Revised paper posted 3/31/14 (click on paper title to obtain revised version). JKP-104
  Apr. 11          - - -  No seminar.    - - -
  Apr. 18 Rick Townsend
  Dartmouth, Tuck
Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants   (co-author: Kelly Shue, Chicago Booth) JKP-104
  Apr. 25 Jacopo Ponticelli
  Chicago, Booth
Agricultural Productivity and Structural Transformation. Evidence from Brazil   (co-authors: Paula Busto, Universitat Pompeu Fabra, and Bruno Caprettini, Universitat Pompeu Fabra,) JKP-210
  May 2 Neil Pearson
Negative Externality of Algorithmic Trading: Evidence from the Option Market     abstract    (co-author: Dmitriy Muravyev, Boston College).    Per the author's request, this paper will not be posted. Please email the Program Administrator to obtain a PDF copy of the paper. JKP-210
 > May 9

The Conference website includes links to presenter and discussant websites.

Please RSVP
 if you plan to attend.

USC-UCLA-UCI Finance Day at USC            Program (pdf)
Please RSVP  so we have an accurate count for lunch and parking!!

Papers:   Hartman-Glaser,   Chang_Hartzmark_Solomon,   Grinblatt,   Chong,   Tuzel,   or   5 Abstracts
Hardcopies will NOT be provided.  Please download the PDFs by clicking on the underlined presenter names listed above.

Parking:  Go to USC Gate 3 at the corner of Figueroa St. and USC McCarthy Way. (3501 S. Figueroa St., Los Angeles, 90089) Get in the right lane and stop at the kiosk. Inform the parking attendant that you have a parking reservation under the name "Finance Day", with reservation confirmation number "50666".    The attendant will give you a parking pass. Park in "Parking Structure X" (PSX), immediately adjacent to Gate 3. DO NOT park in spaces marked "Reserved", "Carpool", or "Handicapped" or you WILL receive a parking ticket! Parking is first-come, first-served, and includes same day in-and-out privileges. Leave the pass on your dashboard while parked.

Presentations:  The Conference will take place in Popovich Hall (JKP), room 210. See the Finance Day map for directions.

Finance Day campus map with parking directions (pdf).
Directions to USC Gate 3.        Full campus map (pdf).
Interactive campus map.

For more information, contact Dr. Ahern, Dr. Joslin, or Dr. Wang.

 10:00 am
   3:45 pm

Click on the paper title to download a PDF.  Click on a speaker's name to go to their website, obtain a vita, etc.  To meet with a particular visitor, please contact the Program Administrator. For free parking, contact the FBE Dept. at (213) 740-6515 or fbe[at] .   Parking reservations require minimum 24 hours advance notice!
University of Southern California  ·  Finance and Business Economics Department  ·  BRI-308, MC-0804
3670 Trousdale Parkway, Ste. 308  ·  Los Angeles, CA 90089-0804 ·  213-740-6515  ·  213-740-6650 fax  ·

This page last modified: 5/7/14 by Terry Lichvar, Program Administrator, USC FBE Dept.   ©2003-2014 University of Southern California