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Summer Finance Conference

The biennial Summer Finance Conference took place July 31-August 2, 2016 at the University of Washington Foster School of Business in Seattle, WA. For more information about the conference, please email either Ran Duchin at or Jonathan Karpoff at

Our keynote speaker was Professor Luigi Zingales, the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance at Booth School of Business, University of Chicago. Other highlights included a number of planned activities: kayaking and hiking, as well as a Lake Washington dinner cruise.

UW 2016 Summer Finance Conference Program

Monday, August 1, 2016
All presentations will be held in PACCAR 292
8-9:20 a.m. Session 1: Activism

Session Chair: Philip Bond (UW)

Corporate Control Activism” by Adrian A. Corum and Doron Levit (Wharton)
Discussant: Samuel Lee (Santa Clara University)

Opportunistic Proposals by Union Shareholders” by John Matsusaka, Oguzhan Ozbas, and Irene Yi (USC)
Discussant: Paige Ouimet (UNC)

9:20-9:40 a.m. Break
9:40-11 a.m. Session 2: The formative years

Session Chair: Stephan Siegel (UW)

Growing Up Without Finance” by James R. Brown (Iowa State), J. Anthony Cookson (UC Boulder), and Rawley Z. Heimer (FRB-Cleveland)
Discussant: Geoff Tate (UNC)

Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds” by Oleg Chuprinin (UNSW) and Denis Sosyura (Michigan)
Discussant: Lisa Kramer (Toronto)

11-11:20 a.m. Break
11:20-12:40p.m. Session 3: Strategic behavior

Session Chair: Hank Bessembinder (ASU)

Understanding the ‘Numbers Game’” by Andrew Bird, Stephen A. Karolyi, and Thomas G. Ruchti (Carnegie Mellon)
Discussant: Karl Diether (BYU)

Flying Under the Radar: The Effects of Short-Sale Disclosure Rules on Investor Behavior and Stock Prices” by Stephan Jank (Deutsche Bundesbank), Christoph Roling (Deutsche Bundesbank), and Esad Smajlbegovic (Mannheim)
Discussant: Charles Jones (Columbia)

12:40-2:10 p.m. Lunch with keynote by Luigi Zingales
2:10-5:30 p.m. Afternoon activities

Kayaking (Moss Bay Kayak)
Hiking (UW Campus and Arboretum)

Tuesday, August 2, 2016
All presentations will be held in PACCAR 292
8-9:20 a.m. Session 4: Corporate Control

Session Chair: Espen Eckbo (Dartmouth)

Inefficiencies and Externalities from Opportunistic Acquirers” by Di Li (Georgia State), Lucian A. Taylor (Wharton), and Wenyu Wang (Indiana)
Discussant: Vyacheslav Fos (Boston College)

Impact Investing” by Brad Barber (UC Davis), Adair Morse (UC Berkeley), and Ayako Yasuda (UC Davis)
Discussant: Berk Sensoy (Ohio State)

9:20-9:40 a.m. Break
9:40-11 a.m. Session 5: Stocks and bonds

Session Chair: Jennifer Koski (UW)

The Execution Quality of Corporate Bonds” by Maureen O’Hara (Cornell), Yihui Wang (Fordham), and Xing Zhou (FRB)
Discussant: Haoxiang Zhu (MIT)

Monetary Policy through Production Networks: Evidence from the Stock Market” by Ali Ozdagli (FRB-Boston) and Michael Weber (Chicago)
Discussant: Paolo Pasquariello (Michigan)

11-11:20 a.m. Break
11:20 a.m.-12:40 p.m. Session 6: Politics

Session Chair: Jarrad Harford (UW)

Policy Uncertainty, Political Capital, and Firm Risk-Taking” by Pat Akey (Toronto) and Stefan Lewellen (LBS)
Discussant: Art Durnev (University of Iowa)

“Can Credit Rating Agencies Affect Election Outcomes?” by Igor Cunha (Nova SBE), Miguel A. Ferreira (Nova SBE), and Rui C. Silva (LBS)
Discussant: Breno Schmidt (Emory)

The University of Washington is committed to providing access, equal opportunity and reasonable accommodation in its services, programs, activities, education, and employment for individuals with disabilities. To request disability accommodation contact the Disability Services Office at least ten days in advance at: 206-543-6450 (V), 206-543-6452 (TTY), 206-685-7264 (FAX), or email at

For reference, we’ve included the schedules from the 1st and 2nd biennial University of Washington Summer Finance Conferences that were held on the University of Washington campus in 2012 and 2014, respectively.

2014 Conference Presentations
2012 Conference Presentations