Marshall School of Business

Spring 2005
FBE Finance Seminar Series

The USC Finance and Business Economics Department sponsors three seminar series each semester.
Applied Economics Workshop | Finance Seminar Series | Macroeconomics and 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. in rooms as noted below.
[Get map]

Rev  Date     Speaker            Title of Paper  Room   Faculty Host
  Jan. 21 René Stulz
 Ohio State Univ.
The Limits of Financial Globalization JKP-104 FBE
  Feb.      - - - Faculty Recruiting Seminars - not open to visitors    - - -   - - -
  Mar. 4 Mark Westerfield
  USC FBE Dept.
A Simple Solution to the Principal-Agent Moral Hazard Problem in Continuous Time  (This paper is very preliminary and will NOT be posted. Only an abstract is available on-line. Please email Mark for a copy of the paper.) HOH-601K M. Westerfield
  Mar. 11 Fernando Zapatero
  USC FBE Dept.
Executive Stock Options as a Screening Mechanism  (with Abel Cadenillas, Univ. of Alberta, and Jaksa Cvitanic, USC Economics Dept.)   joint seminar with FBE Applied Econ Workshop,  seminar: 1:30 pm HOH-601K
sem: 1:30
  Mar. 18          - - - Spring Break - No seminar.       - - -       - - -
  Mar. 25          - - - No seminar.       - - -       - - -
  Apr. 1 CIS Speaker
Edward C. Prescott

  Arizona State Univ.
"Rebuilding the Social Security Retirement System" RSVP REQUIRED     Lunch will be served. This event is FREE and open to the public.    Registration: 11:00 am, Lunch, Presentation, & Q&A: 11:30-1:15     Dr. Prescott is the 2004 Nobel Prize Winner in Economic Sciences. USC Town & Gown Ginny You
  Apr. 1 Anna Pavlova
  Sloan, MIT
Flight to Quality, Contagion, and Portfolio Constraints  (with Roberto Rigobon, MIT Sloan)   joint seminar with FBE Macroeconomics Workshop,  seminar is at 3:30 pm! HOH-601K
sem: 3:30
  Apr. 8 Mark Garmaise
  Anderson, UCLA
Financial Constraints and Labor Management in Entrepreneurial Firms JKP-104 Ozbas
  Apr. 15 Martin Lettau
  Stern, NYU
Why is long-horizon equity less risky?   A duration-based explanation of the value premium ?   (with Jessica A. Wachter, Wharton) JKP-104 J. Chen
  Apr. 22 Ravi Jagannathan
  Kellogg, Northwestern
Consumption Risk and the Cost of Equity Capital
(with Yong Wang, Kellogg, Northwestern Univ.)
Download Dr. Jagannathan's PowerPoint presentation handout (pdf)
JKP-104 Weinstein
  Apr. 29 Oliver Hart
  Harvard Econ.
Agreeing Now to Agree Later: Contracts that Rule Out but do not Rule In  (with John Moore, Edinburgh Univ. and London School of Economics)  joint seminar with FBE Applied Economics Workshop, USC Economics Dept, and the USC Law School CLEO workshop. Seminar time: 1:30 pm
Download Dr. Hart's presentation handout (pdf).
 sem: 1:30 pm
Bentley MacLeod (USC Law)
  May 6 Roman Inderst
Keeping the Board in the Dark:  CEO Compensation and Entrenchment   (with Holger Mueller, NYU Stern & CEPR)   joint seminar with FBE Applied Economics Workshop,  sem: 1:30 pm JKP-104
sem: 1:30 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 contact the FBE faculty host listed in the right hand column. For a paper hardcopy or parking, contact the FBE Dept. at (213) 740-6515 or   Parking reservations require at least 24 hours advance notice!
University of Southern California  ·  Finance and Business Economics Department  ·  HOH-701, MC-1427
701 Exposition Blvd., Ste. 701  ·  Los Angeles, CA 90089-1427  ·  213-740-6515  ·  213-740-6650 fax  ·

This page last modified: 5/16/2005 by Terry Lichvar, Program Administrator, USC FBE Dept.   ©2005 University of Southern California