Loyola University Maryland

2020 Baltimore Area Finance Conference

Past Conferences

2019

Program

Corporate Finance Session 1
Session Chair: Lisa Fairchild, Loyola University Maryland

Pyramidal Ownership Structure and Investment Decision: Evidence from a Regulatory Reforms
Hojong Shin, California State University Long Beach
Discussant: Seong Byun, Virginia Commonwealth University 

Corporate Takeovers and Labor Restructuring
Spyridon Lagaras, University of Pittsburgh
Discussant: Phyllis Keys, Morgan State University

Investment Session 1
Session Chair: Walt Reinhart, Loyola University Maryland

Predictable Downturns
Carter Davis, University of Chicago
Discussant: Tuugi Chuluun, Loyola University Maryland

The Shadow Price of Intermediary Constraints
Weiling Liu, Harvard University
Discussant: Thomas Liaw, St. John's University

Corporate Finance Session 2
Session Chair: Moon Rhee, Towson University

Skilled Immigrants, Corporate Acquisitions, and Shareholder Value
Anh Nguyen, York University
Discussant: Anzhela Knyazeva, US SEC

Common Ownership, Creative Destruction, and Inequality: Evidence from US Consumers
Hadiye Aslan, Georgia State University
Discussant: Lijing Du, Towson University

Investment Session 2
Session Chair:Jerry Yu, University of Baltimore

Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns
Alejandro Lopez-Lira, University of Pennsylvania
Discussant: Marco Enriquez, US SEC

Downside Risk and Mutual Fund Flows
Asli Eksi, University of Massachusetts Amherst
Discussant: John Ned, Loyola University Maryland

Keynote Speaker

Allan Eberhart, Ph.D.

Allan Eberhart is a Professor of Finance, Founding Director of the Master of Science in Finance Program, and Senior Associate Dean for Technology-Intensive Education at Georgetown University’s McDonough School of Business.

Allan has published dozens of articles covering topics such as market efficiency, bankruptcy and financial distress, equity valuation, option pricing, and the valuation of corporate research and development projects. His work has been published in the Journal of Finance, Review of Financial Studies, Journal of Accounting Research, and many other journals. He also has been an associate editor for the Journal of Banking and Finance and the Journal of Financial Research, and was a visiting professor at New York University’s Stern School of Business.

In his professional work, Allan has been an Associated Consultant with A.T. Kearney. He has also performed consulting work for the Ashmore Group, Barclays, Goldman Sachs, Standard and Poor’s and other firms.

He led the launch of the Master of Science in Finance program— the first technology-intensive program at the McDonough School of Business — and has overseen the growth of this two-year program from its initial graduating class of 31 students in 2015 to approximately 200 students (across both classes) at the start of the 2018-2019 academic year. He was appointed as Senior Associate Dean in 2017 to help other programs at Georgetown improve the quality and flexibility of education through technology.

Allan received his Ph.D. in Finance from the University of South Carolina and is a doctoral candidate in Higher Education Management at the University of Pennsylvania.

Track Chairs

Corporate Finance
Karyl Leggio, Loyola University Maryland

Investment
Jon Fulkerson, University of Dayton

Program Chair
Yoon Shin, Loyola University Maryland

Best Paper Awards

Best paper award in Corporate Finance: "Skilled Immigrants, Corporate Acquisitions, and Shareholder Value" presented by Anh Nguyen, York University

Best paper award in Investment: "Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns" presented by Alejandro Lopez-Lira, University of Pennsylvania

2018

Program

Investment Session 1
Session Chair: Frank D'Souza, Loyola University Maryland

Expected Stock Market Volatility and Unhealthy Choices
Ping McLemore, The Federal Reserve Bank of Richmond
Discussant: Jerry Yu, University of Baltimore

Expected Investment Growth and the Cross Section of Stock Returns
Huijun Wang, University of Delaware
Discussant: Frank D'Souza, Loyola University Maryland

Corporate Finance Session 1
Session Chair: Seong Byun, University of Mississippi

Analyst Workload and Information Production: Evidence from IPO Assignments
Kevin Pisciotta, Pennsylvania State University
Discussant:Anzhela Knyazeva, US SEC

Class Action Spillover Effects on Joint Venture Partners
Rachel Gordon, Towson University
Discussant: Seong Byun, University of Mississippi

Investment Session 2
Session Chair:Walt Reinhart, Loyola University Maryland

Return-Based Factors for Corporate Bonds
Quan Wen, Georgetown University
Discussant: Yoon Shin, Loyola University Maryland

Liquidity Supply and Demand in the Corporate Bond Market
Yoshio Nozawa, Federal Reserve Board of Governors
Discussant: Yoon Shin, Loyola University Maryland

Corporate Finance Session 2
Session Chair: Phyllis Keys, Morgan State University

The Economic Effects of Tournament Incentives in CDS Firms
Lijing Du, Towson University
Discussant:Diana Knyazeva, US SEC

Competing for Talent: Firms, Managers and Social Networks
Kristoph Kleiner, Indiana University
Discussant: Tuugi Chuluun, Loyola University Maryland

The Consequences of Mandated Compensation Disclosure
Jin Xu, Virginia Tech
Discussant: Phyllis Keys, Morgan State University

Keynote Speaker

Jeffrey H. Harris, Ph.D.

Jeffrey H. Harris, Ph.D. is currently the Chief Economist and Director of the Division of Economic and Risk Analysis at the U.S. Security and Exchange Commission. He holds the Gary Cohn Goldman Sachs Endowed Chair in Finance at the Kogod School of Business at American University. Dr. Harris has an extensive background in auction market microstructure, dealer markets, exchange trading and regulatory issues.  He has also served as Chief Economist at the U.S. Commodity Futures Trading Commission, with prior experience as Visiting Academic at the Nasdaq Stock Market and at the U.S. Securities and Exchange Commission.  He has previously held faculty appointments as the Dean’s Chair in Finance at the Whitman School of Management at Syracuse University, as the Collins Chair of Finance in the Cox School of Business at Southern Methodist University (visiting), at the University of Delaware, at the University of Notre Dame and at The Ohio State University. 

Dr. Harris received his B.A. in Physics and an MBA from the University of Iowa and a Ph.D. in Finance from The Ohio State University. 

Track Chairs

Corporate Finance
Karyl Leggio, Loyola University Maryland

Investment
Tuugi Chuluun, Loyola University Maryland
Mark Johnson, Loyola University Maryland

Program Chair
Yoon Shin, Loyola University Maryland

Best Paper Awards

Best paper award in corporate finance:The Consequences of Mandated Compensation Disclosure” presented by Jin Xu, Virginia Tech.

Best paper award in Investment:Expected Stock Market Volatility and Unhealthy Choices” presented by Ping McLemore, The Federal Reserve Bank of Richmond