:: HOME :: :: SUBMISSIONS :: :: REVIEWERS :: :: CONFERENCES :: 20th Annual (2010) 19th Annual (2009) 18th Annual (2008) 17th Annual (2007) 2007 Winter Finance Conference February 8th (Thu) February 9th (Fri) February 10th (Sat) Morning Session (7:30-9:15) Morning Session (7:30-9:15) Morning Session (7:30-9:15) Investments Corporate Finance I Corporate Finance II Session Chair: Matthew Spiegel (Yale) Session Chair: Jonathan Berk (Berkley) Session Chair: Artur Raviv (Northwestern) "Durability of Output and Expected Stock Returns" by João Gomes, Leonid Kogan (MIT) and Motohiro Yogo (Wharton) "Investment-Cash Flow Sensitivity and the Value Premium" by Robert Novy-Marx (Chicago) "Overinvestment and Corporate Fraud in Efficient Capital Markets" by Praveen Kumar (Houston) and Nisan Langberg (Houston) Discussant:John Heaton (Chicago) Discussant:Peter DeMarzo (Stanford) Discussant:Michael Fishman (Northwestern) "What Drives the Disposition Effect? An Analysis of a Long-standing Preference-based Explanation" by Nicholas Barberis (Yale) and Wei Xiong (Princeton) "International Cross-listing, Firm Performance and Top Management Turnover: A Test of the Bonding Hypothesis" by Ugur Lel (FED) and Darius Miller (SMU) "A Theory of Dividend Smoothing" by Ilan Guttman (Stanford), Eugene Kandel (Hebrew) and Ohad Kadan (Washington U) Discussant:Mark Grinblatt (UCLA) Discussant:Chester Spatt (SEC and Carnegie Mellon) Discussant:Jaime Zender (Colorado) Afternoon Session (5:45-7:30) Afternoon Session (5:45-7:30)   Derivatives Firm Value   Session Chair: Ingrid Werner (Ohio State) Session Chair: TBA   "Explaining Credit Default Swap Spreads with the Equity Volatility and Jump Risks of Individual Firms" by Benjamin Yi-Bin Zhang (Fitch), Hao Zhou (FED) and Haibin Zhu (BIS) "Does Option Trading Have Pervasive Impact on Underlying Stock Prices?" by Neil Pearson (Illinois), Allen Poteshman (Illinois) and Joshua White (Illinois)   Discussant:Kenneth Singleton (Stanford) Discussant:Stewart Mayhew (SEC)   "Does Political Connected Boards Affect Firm Value?" by Eitan Goldman (UNC), Jörg Rocholl (UNC) and Jongil So (UNC) "Strategic Mergers in Good and Bad Times" by Gennaro Bernile (Miami), Evgeny Lyandres (Rice) and Alexei Zhdanov (George Mason)   Discussant:Huseyin Gulen (Michigan) Discussant:Milton Harris (Chicago)   Dinner 8:00 p.m.   Closing Reception (7:00) Location: The Metropolitan   Location: Garden Cafe, Grand America Hotel February 8th (Thu) February 9th (Fri) February 10th (Sat)