Program for the 2012 Financial Research Association Meeting
December 15th and 16th, 2012
Caesars Palace Conference Center
Saturday December 15, 2012–Emperors 1
12:30 PM Pre-Meeting Coffee
1:00 PM Introductory Remarks
1:10 PM to 3:10 PM Session 1
Chairperson: Hassan Tehranian
(How) Do taxes affect capital structure?
Author: Andrew MacKinlay
Discussant/Presenter: Mark Leary
What are we meeting for? The consequences of private meetings with investors
Authors: David Solimon and Eugene Soltes
Discussant/Presenter: Christopher Parsons
On the fundamental relation between returns and interest rates
Authors: Jaewon Choi, Matthew Richardson, and Robert Whitelaw
Discussant/Presenter: Scott Joslin
3:10 PM to 3:40 PM Break
3:40 PM to 5:00 PM Session 2
Chairperson: Micah Officer
Posturing in venture capital
Authors: Naveen Khanna and Richmond Matthews
Discussant/Presenter: Paolo Fulghieri
Industry Window Dressing
Authors: Huaizhi Chen, Lauren Cohen, and Dong Lou
Discussant/Presenter: Michael Roberts
Wine Tasting–2007 California Cabernet Sauvignon. The tasting will occur immediately after session 2, in the FRA hospitality suite. The room number for the suite will be announced during the session.
Sunday December 16, 2012 — Emperors 1
12:30 PM Pre-Meeting Coffee
1:00 PM to 3:00 PM Session 3
Chairperson: Mark Huson
No news is news: Do markets underreact to nothing?
Authors: Stefano Giglio and Kelly Shue
Discussant/Presenter: Michael Lemmon
Attitudes toward government as determinants of intertemporal choice
Authors: Jeffrey Brown, Zoran Ivkovich, and Scott Weisbenner
Discussant/Presenter: Andrew Samwick
Manager-initiated versus investor-initiated equity issuances
Authors: Stephen McKeon
Discussant/Presenter: Timothy Loughran
3:00 PM to 3:30 PM Break
3.30 PM to 5:00 PM Session 4
Chairperson: Robert Parrino
Joey Engleberg
The Health Implications of Stock Market Performance
Ehud Ronn
Inferring the Term Structure of Equity Betas from the Prices of Option Contracts
Wayne Ferson
Characteristics versus Covariances: What does it Really Mean?
Jeffrey Coles
Explicit Evidence of Relative Performance Evaluation Contracts for Executives
Roger Edelen
Institutional Investors and Stock Return Anomalies
Martin Cherkes
An Alternative Explanation for IPO Underpricing
6:00 PM Dinner-Andre’s in the Monte Carlo