Friday,  April 22, 2011
USC Marshall School,  Hoffman Hall, Room 1

9:00 am -   9:30 am   Continental Breakfast
9:30 am - 10:05 am   “The Ties that Bind: Bank Relationships and Small Business Lending”
          Lori Santikian (USC)
        Discussant: Antonio Bernardo (UCLA)
10:15 am - 10:45 am   “Financing Shortfalls and the Value of Aggregate Liquidity”
          Andrea Eisfeldt (UCLA)   Co-author: Adriano Rampini
        Discussant: Vincenzo Quadrini (USC)
10:50 am - 11:10 am   Coffee Break
11:10 am - 11:45 am   “The Impact of Mandatory Hedge Fund Portfolio Disclosure”
          Christopher Schwarz (UCI)   Co-author: Stephen Brown
        Discussant: David Solomon (USC)
11:50 am - 12:30 pm   “Size Anomalies in U.S. Bank Stock Returns: A Fiscal Explanation”
          Priyank Gandhi (UCLA)  and  Hanno Lustig (UCLA)
        Discussant: Philippe Jorion (UCI)
12:30 pm - 2:00 pm   Lunch   (Marshall School, room TBA)
2:00 pm - 2:35 pm   “Evidence on the Existence and Impact of Corruption in State Asset Sales in China”
          By Yongxiang Wang (USC)    Co-author: Raymond Fisman
        Discussant: Richard Roll (UCLA)
2:40 pm - 3:15 pm   “Portfolio Choice with Illiquid Assets”
          By Mark Westerfield (USC)    Co-authors: Andrew Ang & Dimitris
        Discussant: Francis Longstaff (UCLA)               Papanikolaou
3:20 pm - 3:35 pm   Coffee Break
3:35 pm - 4:10 pm   “Female Leadership and Gender Equity: Evidence from Plant Closure”
          By Geoffrey Tate (UCLA) and Liu Yang (UCLA)
        Discussant: Tom Chang (USC)
4:10 pm   Adjourn

If you haven't already done so, please RSVP to attend this conference.
Click here to obtain a PDF version of the above program.

There is no need to print the papers - - Finance Day attendees will receive a binder containing copies of all 7 papers on the day of the event.  If you want a PDF copy in advance, click on the paper title in the program above..  Click here to obtain abstracts for all 7 papers (.pdf).

There will be vegetarian options available at lunch.  However, feel free to include any food allergies or other pertinent information in your RSVP.

  - Go to USC Gate 3 at the corner of Figueroa St. and USC McCarthy Way. (3500 S. Figueroa St.)
  - Get in the right lane and stop at the kiosk.
  - Inform the kiosk guard that you have a parking reservation under the name
          "USC-UCLA-UCI Finance Day".

  - The guard will give you a parking pass and allow you to enter "Parking Structure X (PSX)"
           immediately adjacent to Gate 3.    DO NOT park in spaces marked "Reserved",
          "Carpool", or "Handicapped" or you WILL receive a parking ticket!

  - The parking confirmation number is "349078".

Finance Day campus map with parking & HOH-1 directions. (pdf)

Directions to USC Gate 3. (courtesy Google maps)        Full campus map (pdf).

For more information, contact the FBE Dept., 213-740-6515 or

Organizers: USC - Daniel Carvalho (, David Solomon ( and Andreas Stathopoulos (; UCLA – Liu Yang (; UCI – David Hirshleifer (

University of Southern California  ·  Finance and Business Economics Department  ·  BRI-308, MC-0804
3670 Trousdale Parkway, Ste. 308  ·  Los Angeles, CA 90089-0804 ·  213-740-6515  ·  213-740-6650 fax  ·
This page last modified: 4/27/11 by Terry Lichvar, Program Administrator, USC FBE Dept.     ©2011 Univ. of Southern California