Finance Theory Group Member Meeting
The Kellogg School of Management at Northwestern University is pleased to host the Fall 2018 member meeting of the Finance Theory Group (FTG), Friday October 5, 2018 and Saturday, October 6, 2018. The goal of the FTG is to foster and promote theoretical research in the areas of corporate finance, financial institutions, and financial markets. The meeting will be organized by Michael Fishman and Konstantin Milbradt. The meeting will be held in the Kellogg Global Hub.
There will be a workshop for early-stage research ideas on Friday, October 5 from 3:30 pm – 6:00 pm, followed by dinner in small groups. The full member meeting will be on Saturday, October 6 from 9:00 am – 4:30 pm. The workshop and member meeting are open to FTG members.
Speakers
Stathi Avdis
Assistant Professor Finance and Statistical Analysis / Alberta School of Business
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Will Cong
Assistant Professor of Finance / University of Chicago Booth School of Business
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Ben Lester
Senior Economic Advisor and Economist / Federal Reserve Bank of Philadelphia
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Francesco Sangiorgi
Associate Professor of Finance / Frankfurt School of Finance & Management
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Martin Szydlowski
Assistant Professor of Finance / University of Minnesota, Carlson School of Management
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Giulio Trigilia
Assistant Professor of Finance / Simon Business School, University of Rochester
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Hongda Zhong
Assistant Professor of Finance / The London School of Economics and Political Science
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Agenda
Friday October 5, 2018
| Time | Event | Location |
|---|---|---|
|
3:00 p.m. - 3:30 p.m.
|
Registration |
Faculty Summit
|
|
3:30 p.m. - 4:00 p.m.
|
The Coordination of Intermediation
Ming Yang, Duke Fuqua School of Business Coauthor: Yao Zeng, Foster School of Business Social Media, Fake News, and Divisiveness in the Post-Truth Era Bruce Carlin, UCLA Anderson School of Management Coauthors: Jiaru Bai, Binghamton University School of Management David Hirshleifer, UCI Paul Merage School of Business |
Room 4101
Room 4302 |
|
4:00 p.m. - 4:30 p.m.
|
Interaction of Secured and Unsecured Interbank Markets: Endogenous Peer Monitoring and Fragility
Jing Zeng, Frankfurt School of Finance & Management Coauthor: Falko Fecht, Frankfurt School of Finance & Management Equity Issuance Methods and Dilution Hongda Zhong, The London School of Economics and Political Science Coauthor: Mike Burkart, The London School of Economics and Political Science |
Room 4101
Room 4302 |
|
4:30 p.m. - 5:00 p.m.
|
Break
|
Faculty Summit
|
|
5:00 p.m. - 5:30 p.m.
|
Efficient Bubbles?
Valentin Haddad, UCLA Anderson School of Management Coauthors: Paul Ho, Princeton University Erik Loualiche, University of Minnesota Carlson School of Management The Real Effects of Voluntary Disclosure: Default Probabilities Giulio Trigilia, University of Rochester, Simon Business School Coauthor: Shiming Fu, Shanghai University of Finance and Economics |
Room 4101
Room 4302 |
|
5:30 p.m. - 6:00 p.m.
|
Risk Seeking as Noise Provision
Stathi Avdis, Alberta School of Business Financing Skilled Labor Vladimir Vladimirov, University of Amsterdam |
Room 4101
Room 4302 |
Saturday, October 6, 2018
| Time | Event | Location |
|---|---|---|
|
8:30 a.m. - 9:00 a.m.
|
Breakfast & Registration
|
Room 1110
|
|
9:00 a.m. - 10:00 a.m.
|
Market-making with Search and Information Frictions
Ben Lester, Federal Reserve Bank of Philadelphia Coauthors: Ali Shourideh, Carnegie Mellon University Tepper School of Business Venky Venkateswaran, Federal Reserve Bank of Minneapolis Ariel Zetlin-Jones, Carnegie Mellon University Tepper School of Business |
Room 1110
|
|
10:00 a.m. - 10:15 a.m.
|
Break
|
Room 1110
|
|
10:15 a.m. - 11:15 a.m.
|
Monitor Reputation and Transparency
Martin Szydlowski, University of Minnesota, Carlson School of Management Coauthor: Ivan Marinovic, Stanford Graduate School of Business |
Room 1110
|
|
11:15 a.m. - 11:30 a.m.
|
Break
|
Room 1110
|
|
11:30 a.m. - 12:30 p.m.
|
Why is Capital Slow Moving? Liquidity Hysteresis and the Dynamic of Limited Arbitrage
Francesco Sangiorgi, Frankfurt School of Finance & Management Coauthors: James Dow, London Business School Jungsuk Han, Stockholm School of Economics |
Room 1110
|
|
12:30 p.m. - 2:00 p.m.
|
Lunch & Finance Theory Group Member Meeting
|
White Auditorium
|
|
2:00 p.m. - 3:00 p.m.
|
Rare Disasters, Financial Development, and Sovereign Debt
Neng Wang, Columbia Business School Coauthors: Sergio Rebelo, Kellogg School of Management Jinqiang Yang, Shanghai University of Finance and Economics |
Room 1110
|
|
3:00 p.m. - 3:15 p.m.
|
Break
|
Room 1110
|
|
3:15 p.m. - 4:15 p.m.
|
Persuasion in Relationship Finance
Will Cong, University of Chicago Booth School of Business Coauthor: Ehsan Azarma, University of Chicago |
Room 1110
|
Logistics
Getting Here & Parking
Air
Major airlines fly into both O’Hare International Airport and Midway International Airport. O’Hare Airport is approximately 45 minutes from Kellogg and Midway Airport is approximately 60 minutes from Kellogg, but you may want to allow more time for traffic.
Taxi
Taxi service from both airports can be arranged in advance of your visit for a reduced fare. Pre-arranged rides start at approximately $35 from O’Hare and $50 from Midway. For up-to-date fare information, please contact a taxi service directly.
We are happy to provide a parking permit for visitors that drive to campus. Upon arriving, park at the North Campus Parking Garage (2311 North Campus Drive.) Before leaving campus make sure to ask the staff for a validated parking ticket to exit the garage.
Major airlines fly into both O’Hare International Airport and Midway International Airport. O’Hare Airport is approximately 45 minutes from Kellogg and Midway Airport is approximately 60 minutes from Kellogg, but you may want to allow more time for traffic.
Taxi
Taxi service from both airports can be arranged in advance of your visit for a reduced fare. Pre-arranged rides start at approximately $35 from O’Hare and $50 from Midway. For up-to-date fare information, please contact a taxi service directly.
- Northshore Cab Company: 847.864.7500
- American Taxi: 847.255.9600
- Uber
- Lyft
We are happy to provide a parking permit for visitors that drive to campus. Upon arriving, park at the North Campus Parking Garage (2311 North Campus Drive.) Before leaving campus make sure to ask the staff for a validated parking ticket to exit the garage.
Where to Stay
Kellogg secured a room block at the Hilton Garden Inn in downtown Evanston. Once you have registered for the meeting, please click on this link to reserve your hotel room. Kellogg secured a group rate of $169 per night. The group code is KSC.
Public Transportation
The Chicago Transit Authority (CTA) maintains an extensive system of elevated trains (also known as “the L”) and buses throughout Chicago and Evanston. The train stop closest to Kellogg is the Purple Line Foster stop on Church and Davis Streets. The 201 bus departs from the Howard St. terminal and stops on the corner of Foster and Sheridan.
Be advised, while inexpensive, taking the CTA from the airport can take up to 90 minutes and requires transferring trains.
Organizing Committee
Michael J. Fishman
Senior Associate Dean, Faculty and Research; Norman Strunk Professor of Financial Institutions
Michael Fishman is the Senior Associate Dean, Faculty and Research; and Norman Strunk Professor of Financial Institutions. He was Senior Associate Dean, Curriculum and Teaching from 2011-2014.
Professor Fishman has published widely in finance and economics. His research focuses on financial market regulation and contracting. Recently, he has investigated insider trading, disclosure regulations, the role of self-regulatory organizations, and long-term financial contracting.
Konstantin W. Milbradt
Associate Professor of Finance
Professor Milbradt's research interests are in financial economics, specifically in how financial frictions affect asset prices and corporate decisions. In his recent work, he theoretically investigates how coordination amongst investors makes some government bonds safe.
Professor Milbradt holds a PhD from Princeton University and a BA from Oxford University (UK). Before joining Kellogg School of Management in 2013, he served as an Assistant Professor of Finance at the MIT Sloan School of Management.