Jun 25 - Jun 26, 2018
London Business School, London Business School
The Finance Theory Group (FTG) will hold a summer meeting at the London Business School on June 25-26, 2018.
Program Committee: James Dow (London Business School and FTG), Marcus Opp (Stockholm School of Economics and FTG).
PROGRAM:
Monday, June 25, 2018
09:30 – 9:50 Breakfast
9:50 - 10:00 Introduction
10:00 – 12:45 Blockchain Session
1) “Tokenomics: Dynamic adoption and valuation” by Lin Cong*, Ye Li, and Neng Wang
2) “An Equilibrium Valuation of Bitcoin and Decentralized Network Assets” by Emiliano
30 min Break
3) “Blockchain without Waste” by Fahad Saleh
12:45 – 13:45 Lunch
13:45 – 14:45 4) “The Effect of Exogenous Information on Voluntary Disclosure and Market Quality” by
Sivan Frenkel*, Ilan Guttman, and Ilan Kremer
14:45 – 17:30 LONG BREAK
17:30 – 19:00 Short Paper Session I
a) “Seasoned Equity Offerings and Dilution” by Mike Burkart and Hongda Zhong
b) “Clustered IPOs as a Commitment Device” by Matthias Lassak
c) “Voluntary disclosure under dynamic moral hazard” by Shiming Fu and Giulio Trigilia*
General discussion of short papers
19:30 Dinner in small groups
Tuesday, June 26, 2018
09:00 – 10:30 Contracting Session
5) “Delegated Monitoring and Contracting” by Sebastian Gryglewicz* and Simon Mayer
6) “Compensation in high finance: A theory of periodic labor markets and guaranteed
bonuses” by Ed van Wesep and Brian Waters
10:30 – 11:00 Break
11:00 – 12:30 Short Paper Session II
d) “Managerial Compensation with Performance Manipulation” by Paul Povel and
e) “Financially constrained strategic arbitrage” by Gyuri Venter
f) “Financial Fragility with Collateral Re-Use” by Piero Gottardi, Vincent Maurin*, and Cyril Monnet
General discussion of short papers
12:30– 13:30 Lunch
13:30 – 16:15 LONG BREAK
16:15 - 17:00 7) “Variation margins, fire sales, and information-constrained optimality” by Bruno Biais, Florian Heider and Marie Hoerova
17:00 – 17:45 8) “Credit Market Competition and Liquidity Provision” by Anton van Boxtel*, Fabio
Castiglionesi, and Fabio Feriozzi
17:45 – 18.30 9) “Markets for Financial Innovation” by Ana Babus and Kinda Hachem*
19:30 Conference Dinner
END
Please contact the organizers if you have any questions.