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International Virtual Research Seminars in Finance Series (IVRSiF)

FMA is pleased to partner with the Finance Research Consortium to host a series of virtual seminars featuring researchers at the forefront of their fields.

The Finance Research Consortium consists of the following universities: 

  • Aalborg University Business School, Denmark
  • Leicester University Business School, United Kingdom
  • Grenoble Ecole de Management, France
  • University Antwerp, Belgium
  • Fundacao Getulio Vargas, Brazil
  • RMIT, Australia
  • University College Dublin, Ireland
  • Universita degli Studi di Palermo, Italy
  • University of Twente, Netherlands

  • University of Minho, School of Economics and Management, Portugal

The one-hour seminars will take place on Zoom. Speakers will give a 30-45 minute presentation, followed by 15 minutes of moderated Q&A. Questions will be selected by the moderator from those submitted via Zoom chat.

Upcoming Seminar

Date & Time: Tuesday, 26 September 2023, 9 am - 10 am US ET

Speaker: Ronald Masulis, Scientia Professor of Finance, UNSW Business School, University of New South Wales

Topic: "Value-enhancing effects of female independent directors in companies with overconfident CEOs"

Abstract: There is limited existing research on the topic of matching CEOs and directors. However, our study reveals that the presence of female independent directors (IDs) enhances the benefits associated with overconfident CEOs. Female IDs impose greater accountability on OC-CEOs and lead to stronger valuation-multiples and operating performance. When female IDs depart from firms led by OC-CEOs, it triggers negative stock returns and a decline in firm performance. Similarly, the announcement of female ID appointments at firms with OC-CEOs and independent nominating committees leads to positive cumulative abnormal returns (CARs). These findings suggest that female IDs play a crucial role in effectively counteracting the negative behavioral biases of OC-CEOs.

Moderator: Daisy Chou, Associate Professor, RMIT University, Australia

Zoom information will be sent to registered attendees prior to each seminar.

Register Now!

Upcoming Speakers 

Ronald Masulis, Scientia Professor of Finance, UNSW Business School, University of New South Wales; 26 September 2023
Thorsten Beck, Director of the Florence School of Banking and Finance and Professor of Financial Stability, European University Institute; 7 November 2023
Tracy Yue Wang, John Spooner Professor of Finance, Carlson School of Management, University of Minnesota; 21 November 2023
David Hirshleifer, Professor of Finance, Marshall School of Business, University of Southern California; 12 December 2023

Past Speakers

2023

Jonathan Berk, Stanford Graduate Business School
"The Impact of Impact Investing"

Heitor Almeida, University of Illinois Urbana-Champaign
"The Working Capital Credit Multiplier"

Clemens Sialm, University of Texas at Austin
"Pension Fund Flows, Exchange Rates, and Covered Interest Rate Parity"

William Goetzmann, Yale School of Management
"Crash Narratives"

Camelia Kuhnen, University of North Carolina
“Wealth and Insurance Choices: Evidence from U.S. Households”

2022

Alexander Ljungqvist, Stockholm School of Economics
"Great Recession Babies: How Are Startups Shaped by Macro Conditions at Birth?"

Lin Peng, Baruch College
 "News Diffusion in Social Networks and Stock Market Reactions"

Ross Valkanov
"The Mortgage-Cash Premium Puzzle"

Patrick Bolton, Imperial College & Columbia University
"Firm Commitments"

Carola Frydman, Northwestern University
“Securities Ratings and Information Provision”

Sheridan Titman, University of Texas at Austin
“The Performance of Characteristic-Sorted Portfolios: Evaluating the Past and Predicting the Future”

Toni Whited, University of Michigan
“Taxes Depress Corporate Borrowing: Evidence from Private Firms”

Joel Peress, INSEAD
“What do Interest Rates Reveal about the Stock Market? A Noisy Rational Expectations Model of Stock and Bond Markets”

Rüdiger Fahlenbrach, Ecole Polytechnique Fédérale de Lausanne
"Greening the Swiss National Bank’s Portfolio"