Marshall School of Business

Spring 2017
FBE Finance Seminar Series

The USC Finance and Business Economics Department usually sponsors three seminar series each semester.
Applied Economics Workshop | Finance Seminar Series | Macroeconomics & International Finance Workshop
The joint SPPD/Marshall School Lusk Center for Real Estate also offers a Lusk Research Seminar series and
the FBE Dept. Center for Investment Studies has an occasional Distinguished Speaker Series.

Finance Series seminars are usually held on Fridays from 10:30 a.m. - 12:00 p.m. in HOH-2, unless otherwise noted
below. We no longer provide hardcopies of the papers. If you want a printout, please download and print the PDF file
available by clicking on the paper title.
Thank you.  [parking & seminar map (.pdf)]   [interactive USC campus map]


Rev Date Speaker Title of Paper Room
   Jan. 20 Mete Kilic
  Wharton
Asset Pricing Implications of Hiring Demographics
HOH-2
   Jan. 24
TUE.
Ryan Peters
  Wharton
Volatility and Venture Capital     seminar: 1:30pm, HOH-114
HOH-114
1:30pm
   Jan. 26
THURS. &
Jan. 27
FRI.
Andrei Shleifer
  Harvard
These are Marshall "Institute for Advanced Studies in Business (IASB) Distinguished Visiting Fellows" seminars.

Thurs. 1/26/17: seminar: 11:00am, JKP-210.
Bubbles for Fama
co-authors: Robin Greenwood (Harvard) and Yang You (Harvard)
This is the FINANCE seminar presentation. It is aimed at faculty & PhD students.

Fri. 1/27/17: seminar: 2:00pm, JFF-LL105.
Educated Entrepreneurs slides (sorry - no paper)
This is a PUBLIC seminar presentation. EVERYONE is wecome!





1/26/17
JKP-210
11:00am



1/27/17
JFF-LL105
2:00pm
   Feb. 3 Marco Giacoletti
  Stanford GSB
Idiosyncratic Risk in Housing Markets
HOH-2
   Feb. 10 Jessica Jeffers
  Wharton
The Impact of Restricting Labor Mobility on Corporate Investment and Entrepreneurship
HOH-2
  Feb. 17 Thummim Cho
  Harvard Econ
Turning Alphas into Betas: Arbitrage and Endogenous Risk   online appendix
HOH-2
   Feb. 21
TUE.
Chaojun Wang
  Stanford
Core-Periphery Trading Networks     seminar: 1:30pm, HOH-114
revised paper dated 2-10-17 posted 2-16-17
HOH-114
1:30pm
  Feb. 22
WED.
Ye Li
  Columbia GSB
Procyclical Finance: The Money View     seminar: 12:15pm, HOH-114
This is a joint Finance/Macro recruiting candidate.
HOH-114
12:15pm
  Feb. 24 Pat Akey
  Toronto
Policy Uncertainty, Political Capital, and Firm Risk-Taking
co-author: Stefan Lewellen (LBS)
HOH-2
  Mar. 3
- - -
If you're a Marshall or Leventhal faculty or PhD student, please attend the Marshall Research Fair, 11:00am - 1:15pm in JKP-300.
- - -
  Mar. 10 Asaf Manela
  WUStL, Olin
Estimating the Value of Information
co-author: Ohad Kadan (WUStL Olin)       future versions of the paper - SSRN Link
HOH-2
  Mar. 10 Coordinators:
Dr. Michael Ewens
  Caltech
Dr. Arthur Korteweg
  USC
Dr. Rick Townsend
  UCSD
Southern California Private Equity Conference
Agenda: Patent Trolls and Small Business Employment; Angels, Entrepreneurship, and Employment Dynamics: Evidence from Investor Accreditation Rules; Collusion in Markets with Syndication; Limited Partners and the LBO process; Mutual Funds as Venture Capitalists? Evidence from Unicorns; The Economics of PIPE Investing
JKP-210
9:30am - 5:10pm
   Mar. 17
- - -
 No seminar - Spring Break.
- - -
  Mar. 24
- - -
 No seminar.
- - -
  Mar. 31 Darrell Duffie
  Stanford GSB
Funding Value Adjustments
co-authors: Leif Andersen (Bank of America Merrill Lynch) and Yang Song (Stanford GSB)
HOH-2
  Apr. 7 Stefan Nagel
  Michigan, Ross
The Making of Hawks and Doves: Inflation Experiences on the FOMC
co-authors: Ulrike Malmendier (UC Berkeley, Econ) and Zhen Yan (Michigan, Ross)
HOH-2
  Apr. 14 John Graham
  Duke, Fuqua
CEO Power and Board Dynamics
co-authors: Hyunseob Kim (Cornell) and Mark Leary (Washington Univ. in St. Louis)
HOH-2
  Apr. 19
WED.
Gary Gorton
  Yale
 Seminar CANCELLED 4/3/17.
- - -
  Apr. 21
- - -
 No seminar.
- - -
 > Apr. 28 Jess Cornaggia
  Penn St., Smeal
Credit Ratings and the Cost of Municipal Financing
co-authors: Kimberly Rodgers Cornaggia (Penn St) & Ryan D. Israelsen (Indiana Univ)
future versions of the paper - SSRN Link
HOH-2
 > May 5 LA Finance Day
    Schedule
 UCLA is hosting this year, in C.301/Fowler. Breakfast is at 8:30am. The conference will run from 9am - 2:30pm and feature multiple papers. You MUST RSVP via email if you want to attend. Send your name and standing (faculty, phd student) to: LAFinDay2017@gmail.com
DEADLINE: Fri. Apr. 28.  Parking and other details will be emailed to those who RSVP.
at UCLA

Click on the paper title to download a PDF.  Click on a speaker's name to go to their website, obtain a vita, etc.  To meet with a particular visitor, please contact the Program Administrator. For free parking, contact the FBE Dept. at (213) 740-6515 or fbe[at]usc.edu .   Parking reservations require a minimum of 1 hour advance notice!
University of Southern California    Finance and Business Economics Department    HOH-231, MC-1422
701 Exposition Blvd, Ste. 231    Los Angeles, CA 90089-1422   213-740-6515    213-740-6650 fax
fbe at usc dot edu    http://www.marshall.usc.edu/FBE

This page last modified: 4/24/2017 by Terry Lichvar, USC FBE Dept.   2017 University of Southern California