PhD Symposium Student Papers 2021

Bank Financial Intermediation

• Student paper session, Chaired by Anjan Thakor, Washington U, St Louis
  • Aymeric Bellon, Wharton, “Fresh Start or Fresh Water: Collateral, Lender Environmental Liability and The Pollution-Employment Tradeoff”
  • Abhishek Bhardwaj, NYU, “Old wine in new bottles: Why do relationships matter in securitized lending?”
  • Nishant Vats, UChicago Booth, “The Deposits Channel of Aggregate Fluctuations”
  • Yue Wu, Australian National University, “Corporate social activities and stock price crash risk in the banking industry: International evidence”

Raising Capital

• Student paper session, Chaired by Jonathan Cohn, U. Texas at Austin
  • Chen-Ting Lien, U. Illinois, “Timing the Market: Fake News and Seasonal Equity Offering Decision”
  • Yunhui Han, U. Utah, “The effect of labor unions on municipal bonds”
  • Mengnan Zhu, Brandeis U., “Does the Confidential IPO Registration Process Create Value?”

Standard Setting, ESG, and Climate

• Student paper session, Co-chaired by Mary Barth, Stanford, and Jeffrey Hales, U. Texas at Austin
  • Jitendra Aswani, Fordham U., “Are carbon emissions associated with stock returns?”
  • Hoa Briscoe-Tran, Ohio State, “An Inside View of Corporate ESG Practices”
  • Zhichao Li, Durham U., “Does media coverage of firms’ environment, social, and governance (ESG) incidents affect analyst coverage and forecasts?”

FinTech

• Student paper session, Chaired by Cesare Fracassi, U. Texas at Austin
  • Vasudha Nukala, Wash U. St Louis, “Does Economic Political Uncertainty Impact the Cryptocurrency Market?”
  • Rachel Xiao, Georgia State, “Surviving the Fintech Disruption”
  • Keer Yang, U. Minnesota, “Trust as an Entry Barrier: Evidence from FinTech Adoption”

Asset Management

• Student session, Chaired by Russ Wermers, U. Maryland
  • Viet-Dung Doan, Purdue University, “Exchange-traded funds and municipal bond market transparency”
  • James Li, U. Pennsylvania, “Mutual Funds’ Discretionary Portfolio Disclosure Policies”
  • Dat Mai, U. Missouri-Columbia, “Economic Narratives and Market Outcomes: A Semi-supervised Topic Modeling Approach”
  • Jeffery Piao, U. Florida, “Investor-Firm Private Interactions and Informed Trading: Evidence from New York City Taxi patterns”

Corporate Governance, Conflict of Interest, and Disclosure

• Student session, Chaired by Jeff Coles, U. Utah
  • Stephanie Dong, NYU, “Option-Based Pay: Incentives, Prior Losses, and Firm Performance”
  • Daniel Morrison, Princeton University, “Disentangling the Motivations for Campaign Contributions: Corruption or Policy Alignment”
  • Eline Schoonjans, Technical University Munich, “Seven in Heaven? Board Gender Quotas, Monitoring Quality, and Firm Performance”

Forensic Finance and Accounting

• Student paper session, Co-chaired by John Griffin, U. Texas at Austin and Dan Taylor, Wharton
  • Alexandru Barbu, London Business School, “Ex-Post Loss Sharing in Consumer Financial Markets”
  • Stacey Choy, U. Toronto, Inside the Black Box of Private Communications: Evidence from Taxi Ride Patterns between Managers and Analysts in New York City
  • Christopher Reilly, Boston College, “The Hidden Cost of Corporate Bond ETFs”

Technology and Trading

• Student paper session, Chaired by Kumar Venkataraman, SMU 
  • Ahmed Guecioueur, INSEAD, “How do investors learn as data becomes bigger? Evidence from a FinTech platform”
  • Fabricius Somogyi, U. St Gallen, “Dollar Dominance in FX Trading”
  • David Xu, U. Texas at Austin, “Creating Safety through Dynamic Collateralization: An Equilibrium Analysis of Shadow Banks”