Marshall School of Business


UCLA Anderson School of Business

Friday,  May 1, 2009
USC Marshall School,  Hoffman Hall, Room 2

9:30 am - 10:00 am   Coffee
10:00 am - 10:35 am   Valuing Toxic Assets: An Analysis of CDO Equity
          By Francis Longstaff (UCLA)
        Discussant: Antonios Sangvinatsos (USC)
10:45 am - 11:20 am   Inventory Investment and the Cost of Capital
          By Selale Tuzel (USC)
        Discussant: Liu Yang (UCLA)
11:30 am - 12:05 pm   Obfuscation, Learning, and the Evolution of Investor Sophistication
          By Bruce Carlin (UCLA)
        Discussant: Ricardo Alonso (USC)
12:15 pm - 1:30 pm   Lunch   (Marshall School Breezeway Lawn)
1:45 pm - 2:20 pm   Market Selection
          By Mark Westerfield (USC)
        Discussant: Jan Schneider (UCLA)
2:30 pm - 3:05 pm   IQ and Stock Market Participation
          By Mark Grinblatt (UCLA)
        Discussant: Larry Harris (USC)
3:15 pm - 3:50 pm   The Pay Divide:  (Why) Are U.S. Top Executives Paid More?
          By Pedro Matos (USC)
        Discussant: Geoff Tate (UCLA)

Please RSVP to attend this conference.
Click here to obtain a PDF version of the above program.

There is no need to print the papers - - Finance Day attendees will receive a binder containing copies of all 6 papers on the day of the event.  If you want a PDF copy in advance, click on the paper title in the program above.

There will be vegetarian options available at lunch.  However, feel free to include any food allergies or other pertinent information in your RSVP.

  - Go to USC Gate 3 at the corner of Figueroa St. and USC McCarthy Way. (3500 S. Figueroa St.)
  - Get in the left lane and stop at the kiosk.
  - Inform the kiosk guard that you have a parking reservation under the name
          "USC-UCLA Finance Day".

  - The guard will give you a parking pass and allow you to enter "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!

  - The parking confirmation number is "290232".

Finance Day campus map with parking & HOH-2 directions. (pdf)

Directions to USC Gate 3. (courtesy Google maps)        Full campus map (pdf).

For more information, contact Dr. Selale Tuzel, 213-740-9486 or
Organizers: Selale Tuzel ( and Bruce Carlin (

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: 4/27/09 by Terry Lichvar, Program Administrator, USC FBE Dept.     ©2009 Univ. of Southern California