UC Davis Finance Research Day
May 7, 2025
Organized by Ayung Tseng, Graduate School of Management, and Burkhard C. Schipper, Department of Economics

Research on finance is done at UC Davis at the Graduate School of Management, the Department of Economics, and the Department of Agricultural and Resource Economics. The aim of the UC Davis Finance Research Day is to pull researchers from all three parts of the campus together. Please register so that we can plan lunch accordingly.

Registration


Location: Executive Board Room 3102 Gallagher Hall, Graduate School of Management, University of California, Davis

We are grateful for financial support by Tim McCarthy, '73. 




Morning Session I

9:00 - 9:30 am: Keer Yang, Graduate School of Management (with Murray Z. Frank, University of Minnesota), "Diverging Paths: Productivity and the Financing Choices of Small Versus Large Firms"

9:30 - 10:00 am: Jens Hilscher, Department of Agricultural & Resource Economics (with Kyle Nabors, University of California, Davis, and Alon Raviv, Bar-Ilan University), "Information in Central Bank Sentiment: An Analysis of Fed and ECB Communication"

10:00 - 10:30 am: Andres Cavajal, Department of Economics (with Hang Zhou,Shanghai University of Finance and Economics), "Learning to Bet (Rationally) with Logs"



10:30 - 11:00 am: Coffee break



Morning Session II

11:00 - 11:30 am: Nicolas Caramp, Department of Economics (with Athanasios Geromichalos, University of California, Davis, Sukjoon Lee, New York University - Shanghai, and Yijing Wang, Massey University), "Why do (so many) corporate bonds pay coupons?"

11:30 am - 12:00 pm: Ayako Yasuda, Graduate School of Management (with Vikas Agarval, Georgia State University, Brad Barber, University of California, Davis, Si Cheng, Syracuse University, Allaudeen Hameed, National University of Singapore, Harshini Shanker, London Business School), "Do Investors Overvalue Startups? Evidence from the Junior Stakes of Mutual Funds"



12:00 - 1:30 pm: Lunch break



Afternoon Session

1:30 - 2:00 pm: Ayung Tseng, Graduate School of Management, "R&D Accounting and Innovation Signaling: Insights from Japan’s Pre-Regulation Era"

2:00 - 2:30 pm: Burkhard C. Schipper, Department of Economics, "Bid-Ask Spreads under Unawareness" 






Past event

April 19, 2024

Keer Yang, Graduate School of Management (with Murray Z. Frank, University of Minnesota, and Jing Gao, University of Minnesota), "Behavioral Machine Learning: Do Computer Predictions of Corporate Earnings Also Overreact?"

Emile Marin, Department of Economics, and Sanjay Singh, Department of Economics & Federal Reserve Bank of San Francisco, "Low Risk Sharing with Many Assets"

Jens Hilscher, Department of Agricultural & Resource Economics (with Stephen G. Cecchetti, Brandeis International Business School), "Fiscal Consequences of Central Bank Losses"

Xinlei Li, Graduate School of Management, "Lender-Borrower Interactions and Loan Contracting Decisions"

Andres Carvajal, Department of Economics (with Keisuke Teeple, University of Waterloo), "Memorable Events in Financial Markets"

Nicolas Caramp, Department of Economics (with Dejanir H. Silva, Purdue University), "Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity"

Ayung Tseng, Graduate School of Management (with Gil Sadka, University of Texas at Dallas, and Ronnie Sadka, Boston University), "The Rising Importance of Aggregate Earnings for Asset Prices",

Joe Chen, Graduate School of Management, "(Follow-up to) Currency Investing Throughout Recent Centuries"

Burkhard C. Schipper, Department of Economics (with Hang Zhou, Shanghai University of Finance and Economics), "Voluntary Disclosure of Insiders' Awareness"