EUROPEAN SUMMER SYMPOSIUM IN FINANCIAL MARKETS

Generously hosted by
Study Center Gerzensee

Monday 18-29 July 2011

The following papers will be presented at this symposium. Please see the Programme for further details.

Informal Corporate Finance evening presentations listed here

Asset Pricing evening presentations listed here

Adoptive Expectations: Rising Sons in Japanese Family Firms
Vikas Mehrotra (Alberta School of Business, University of Alberta) *Randall Morck (Alberta School of Business, University of Alberta) Jungwook Shim (Business School National University of Singapore) Yupana Wiwattanakantang (Business School National University of Singapore)

Credit within the Firm
Luigi Guiso (EUI, EIEF and CEPR) Luigi Pistaferri (Stanford University and CEPR) *Fabiano Schivardi (University of Cagliari, EIEF and CEPR)

Credit Default Swap Spreads and Systemic Financial Risk
Stefano Giglio (Harvard University)

Delegated Activism and Dislosure
Amil Dasgupta (LSE and CEPR) *Konstantinos Zachariadis (LSE)

Earnings Announcements and Systematic Risk
Pavel Savor (University of Pennsylvania) *Mungo Wilson (University of Oxford)

Equilibrium Asset Pricing with an Emphasis on Computation
Bernard Dumas (INSEAD and CEPR)

Family Firms
Daniel Wolfenzon (Columbia Business School)

Fee dispersion and persistence in the mutual fund industry
Michael Cooper (University of Utah) *Michael Halling (University of Utah) Michael Lemmon (University of Utah)

Fiduciary Duties and Equity-Debtholder Conflicts
Bo Becker (Harvard Business School) *Per Strömberg (SIFR and CEPR)

Financial Intermediary Capital
*Adriano Rampini (Duke University, Fuqua School of Business) S. Viswanathan (Duke University, Fuqua School of Business)

Health and (other) Asset Holdings
Julien Hugonnier (Université de Lausanne) Florian Pelgrin (HEC, Université de Lausanne) *Pascal St-Amour (HEC, Université de Lausanne)

Incentives and Endogenous Risk Taking: Implications for Reduced-Form Estimates of Risk-Adjusted Performance in Hedge Funds
*Andrea Buraschi (Imperial College Business School)Robert Kosowski (Imperial College Business School)Worrawat Sritrakul (Imperial College Business School)

Implicit Guarantees and Risk Taking
Marcin Kacperczyk (New York University Stern School of Business) *Philipp Schnabl (New York University Stern School of Business and CEPR)

Informational Content of Risk Premia
Mikhail Chernov (LSE and CEPR)

Inter-generational Redistribution in the Great Recession
*Andrew Glover (University of Minnesota)Jonathan Heathcote (Federal Reserve Bank of Minneapolis) Dirk Krueger (University of Pennsylvania and CEPR) José-Victor Rios-Rull (University of Minnesota, University of Pennsylvania and CEPR)

Investment-Based Corporate Bond Pricing
Lars-Alexander Kuehn (Carnegie Mellon University)*Lukas Schmid (Duke University)

Labour and Finance: An Overview
Marco Pagano (University of Naples Federico II, CSEF and CEPR)

Like Daughter, Like Father: How Women's Wages Change When CEOs Have Daughters
Michael Dahl (Aalborg University) Cristian Dezso (Robert H. Smith School of Business, University of Maryland) *David Ross (Columbia Business School)

Liquidity Shocks, Roll-over Risk and Debt Maturity
Anatoli Segura (CEMFI) *Javier Suarez (CEMFI and CEPR)

Loan Prospecting
*Florian Heider (European Central Bank) Roman Inderst (Goethe-Universität Frankfurt am Main and CEPR)

Quantifying the Distortionary Fiscal Cost of the 'The Bailout'
*Francisco Gomes (LBS and CEPR) Alexander Michaelides (University of Cyprus, CEPR, FMG and NETSPAR) Valery Polkovnichenko (University of Texas at Dallas)

Rational Price-Contingent Trading and Asset Price Dynamics
Stefano Rossi (Imperial College Business School and CEPR) *Katrin Tinn (Imperial College Business School)

Sharpe ratios in term structure models
Greg Duffee (Johns Hopkins University)

Should Derivatives be Senior?
Patrick Bolton (Columbia Business School) *Martin Oehmke (Columbia Business School)

Snow and Leverage
Xavier Giroud (New York University Stern School of Business)Holger Mueller (New York University Stern School of Business) *Alex Stomper (Institute for Advanced Studies, Vienna and Sloan School of Management, MIT) Aren Westerkamp (Vienna University of Economics and Business)

Sources of entropy in representative agent models
*David Backus (New York University) Mikhail Chernov (LSE and CEPR) Stanley E. Zin (New York University)

The Equilibrium Dynamics of Liquidity and Illiquid Asset Prices
Adrian Buss (Goethe Universität)*Bernard Dumas (INSEAD and CEPR)

The Role of Equity Funds in the Financial Crisis Propagation
*Harald Hau (INSEAD and CEPR) Sandy Lai (Lee Kong Chian School of Business, Singapore Management University)

Uncertainty about Government Policy and Stock Prices
*Luboš Pástor (Booth School of Business, University of Chicago and CEPR) Pietro Veronesi (Booth School of Business, University of Chicago and CEPR)

What is the Consumption-CAPM missing?
*Christian Julliard (LSE and CEPR) Anisha Ghosh (Carnegie Mellon University) Alex Taylor (University of Manchester)

Why Do Term Structures in Different Currencies Comove?
*Chotibhak Jotikasthira (University of North Carolina) Anh Le (University of North Carolina) Christian Lundblad (University of North Carolina)

Workers' Rights in Bankruptcy, Leverage and Wages
*Andrew Ellul (Kelley School of Business, Indiana University) Marco Pagano (University of Naples Federico II, CSEF and CEPR)