Preliminary Program AFA 2018 PHILADELPHIA MEETINGS SEVENTY EIGHTH ANNUAL MEETING AMERICAN FINANCE ASSOCIATION Philadelphia, Pennsylvania

• DOI: http://doi.org/10.1111/jofi.12595
• Published date: 01 December 2017
• Date: 01 December 2017

January 5–7, 2018 AMERICAN FINANCE ASSOCIATION Philadelphia, PA

Preliminary Program

AFA 2018 PHILADELPHIA MEETINGS

SEVENTY EIGHTH ANNUAL MEETING

AMERICAN FINANCE ASSOCIATION

Philadelphia, Pennsylvania

January 5, 2018 – 7:30 AM

Loews Philadelphia Hotel, 2nd Floor Lobby

AFA Ph.D. Poster Session

An Anatomy of Arbitrageurs: Evidence from Open-End Structured Funds

Jie Li; INSEAD

An Equilibrium Model of Asymmetric Dependence

Junya Jiang; University of North Carolina at Charlotte

Are Mortgage Regulations Affecting Entrepreneurship?

Stephanie Johnson; Northwestern University

As Uncertain as Taxes

Peter Brok; Tilburg University

Banking Competition Revisited: Shadow Banks vs. Commercial Banks

Chong Shu; University of Southern California

Bank’s Macro-Financing and Liquidity Creation Under Flexible Prices

Xuan Wang; University of Oxford

Best Friend or Worst Enemy? –Dynamics and Multiple Equilibria with

Arbitrage, Production and Collateral Constraints

Ally Quan Zhang; Swiss Finance Institute and University of Zurich

Capital Intensity and Investment Shocks: Implications for Stock Returns

Jiri Knesl; University of British Columbia

Cash and Connections: The Importance of CFO Networks

Yaoyi Xi; University of Kansas

CEO Buying: Strategic News Tone Dispersion Around Purchasing Months

Dewan Mostafizur Rahman; University of Queensland

Cheap Products or Cheap Talk? Disclosed Markups and Ex-Post Performance

of Structured Products

Petra Vokat´

a; Aalto University

January 5–7, 2018 AMERICAN FINANCE ASSOCIATION Philadelphia, PA

Cheaper Is Not Better: On the Superior Performance of High-Fee Mutual

Funds

Jinfei Sheng; University of British Columbia

Mikhail Simutin; University of Toronto

Terry Zhang; University of British Columbia

Co-Maxing Out and Security Price

Xin Liu; University of Hong Kong

Competition and Adverse Selection in an Online Lending Market

Don Carmichael; University of Houston

Corporate Bond Dealers’ Inventory Risk and FOMC

Wojciech Zurowski; Duke University, Swiss Finance Institute and University

of Lugano

Alessio Ruzza; University of Lugano, Swiss Finance Institute

Corporate Inversions and Cost of Equity: A Tale of Two Strategies

Tianpeng Zhou; Michigan State University

Credit Spreads, Daily Business Cycle, and Corporate Bond Returns

Predictability

Alexey Ivashchenko; University of Lausanne

December Doldrums, Investor Distraction, and Stock Market Reaction to

Unscheduled News Events

Nikhil Paradkar; Georgia Institute of Technology

Demand Shocks, Financial Integration, and Local Economic Conditions

Minh Phan; Columbia University

Do Capital Controls Reduce the Firms’ Exposure to the Exchange Rate? What

are the Consequences on Employment?

Lorena Keller; Northwestern University

Do Idiosyncratic Shocks to Large Firms Contain Systematic Information?

Sima Jannati; University of Miami

Do Peer Firms Affect Corporate Cash Saving Decisions?

Yuan Zhuang; Singapore Management University

Do Social Connections Mitigate Information Asymmetry and Improve

Performance? Evidence from Angels Market

Buvaneshwaran Venugopal; University of Houston

Do We Want These Two to Tango? On Zombie Firms and Stressed Banks in

Europe

Manuela Storz; Frankfurt School of Finance and Management

Michael Koetter; Halle Institute for Economic Research

Ralph Setzer; European Central Bank

Andreas Westphal; European Central Bank

January 5–7, 2018 AMERICAN FINANCE ASSOCIATION Philadelphia, PA

Does Political Corruption Impede Firm Innovation? Evidence from the United

States

Qianqian Huang; City University of Hong Kong

Tao Yuan; City University of Hong Kong

Does the Uniformity of the Conforming Loan Limit Lead to Distorted Bank

Lending?

Teng Zhang; Georgia Institute of Technology

Effect of Financial Globalization on Bank Risk: Role of Rollover Risk

Dan Su; University of Minnesota

Xiang Li; Peking University

Endogenous Rare Disaster Risk: Solution for Counter-Cyclical Excess Return

and Volatility?

Ville Savolainen; Hanken School of Economics

Environmental Social (ES) Engagement and Stock Returns: A Dynamic

Perspective

Jiali YAN; Lancaster University

Professor Mark Shackleton; Lancaster University

Dr. Chelsea Yao; Lancaster University

From Playground to Boardroom, CEO’s Family Background and Managerial

Style

Fangfang Du; Arizona State University

Fundamental Risk and Capital Structure

Jakub Hajda; University of Lausanne

Health Care Costs, Worker Mobility and Firm Leverage: Evidence from State

Health Mandates

S.Lakshmi Naaraayanan; Hong Kong University of Science and Technology

Manpreet Singh; Georgia Institute of Technology

Hedge Fund Activism and CEO Compensation

Jana Fidrmuc; University of Warwick

Swati Kanoria; University of Warwick

Hispanic Culture, Local Return Chasing, and Momentum Returns

Carina Cuculiza; University of Miami

How Does Investor Protection Affect Innovation? Historical Evidence from

Blue Sky Laws

Huseyin Akkoyun; Northwestern University

Illuminating the Dark Side of Financial Innovation: The Role of Investor

Information

Manuel Ammann; University of St. Gallen

Marc Arnold; University of St. Gallen

Simon Straumann; University of St. Gallen