Red Rock Finance Conference 2025 (2024)

  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

2024

Program Chair

Amit Seru (Stanford)

Awards

Best Paper: Olivia Kim, "Precautionary Debt Capacity"
Best Discussant: Lulu Wang, "Explaining Racial Disparities in Personal Bankruptcy Outcomes"

Papers

* presenter

Photos

2024 Photos

Program Committee

Bronson Argyle (BYU)
Jonathan Berk
(Stanford)
Brian Boyer(BYU)
Mikhail Chernov (UCLA)
Lauren Cohen(Harvard)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Isil Erel (Ohio State)
Carola Frydman(Northwestern)
Valentin Haddad (UCLA)
Samuel Hartzmark (Chicago)
DavidHirshleifer(Irvine)
Victoria Ivashina (Harvard)
Ben Iverson (BYU)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Ralph Koijen (Chicago)
Francis Longstaff(UCLA)

Brigitte Madrian (BYU)
Ulrike Malmendier
(UC Berkeley)
Gregor Matvos (Northwestern)
Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz(Yale)
Taylor Nadauld(BYU)
Christopher Palmer (MIT)
Lubos Pastor (Chicago)
Ryan Pratt (BYU)
Michael Roberts (Wharton)
Alexi Savov (NYU)
Kelly Shue(Yale)
Tyler Shumway(BYU)
Laura Starks (UT Austin)
David Thesmar(MIT)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)

2023

Program Chair

Ralph Koijen (Chicago)

Awards

  • Best Paper: Xing Huang, "The 'Actual Retail Price' of Equity Trades"
  • Best Discussant: Emanuele Colonnelli, "Consumer Choice and Corporate Bankruptcy"

Papers

  • The "Actual Retail Price" of Equity Trades
    Christopher Schwarz (UC Irvine), Brad Barber (UC Davis), Xing Huang (Washington – St. Louis)*, Philippe Jorion (UC Irvine), Terry Odean (UC Berkeley)*
    Discussant: Valentin Haddad (UCLA)
  • Are Cryptos Different? Evidence from Retail Trading
    Shimon Kogan (Wharton), Igor Makarov (LSE), Marina Niessner (Indiana)*, Antoinette Schoar (MIT)
    Discussant: Kent Daniel (Columbia)
  • Banking without Deposits: Evidence from Shadow Bank Call Reports
    Gregor Matvos (Northwestern)*, Erica Jiang (USC), Tomasz Piskorski (Columbia), Amit Seru (Stanford)
    Discussant: Adi Sunderam (Harvard)
  • Consumer Choice and Corporate Bankruptcy
    Samuel Antill (Harvard)*, Megan Hunter (Boston College)
    Discussant: Emanuele Colonnelli (Chicago)
  • The Debt-Inflation Channel of the German Hyperinflation
    Emil Verner (MIT), Markus Brunnermeier (Princeton), Sergio Correia (Board of Governors – Federal Reserve), Stephan Luck (Federal Reserve Bank of New York)*, Tom Zimmermann (Cologne)
    Discussant: Hanno Lustig (Stanford)
  • The Factor Model Failure Puzzle
    Fahiz Baba-Yara (Indiana), Boyer, Brian (BYU), Carter Davis (Indiana)*,
    Discussant: Serhiy Kozak (Maryland)
  • Machine Learning and the Implementable Efficient Frontier
    Theis Jensen (Yale)*, Bryan Kelly (Yale), Semyon Malamud (Swiss Finance Institute), Lasse Heje Pedersen (Copenhagen)
    Discussant: Andy Neuhierl (Washington – St. Louis)
  • A Monetary Policy Asset Pricing Model
    Caballero, Ricardo (MIT), Alp Simsek (Yale)*
    Discussant: Anna Cieslak (Duke)
  • Mortgage Lock-In, Mobility, and Labor Reallocation
    Julia Fonseca (Illinois), Lu Liu (Wharton)*
    Discussant: Amit Seru (Stanford)
  • The Rise of Non-Banks in Servicing Household Debt
    Naser Hamdi (Equifax), Brittany Lewis (Washington – St. Louis), Manisha Padi (UC Berkeley), Erica Jiang (USC)*, Avantika Pal (Washington – St. Louis)
    Discussant: Tarun Ramadorai (Imperial College)

* presenter

Photos

2023 Photos

Program Committee

Jonathan Berk(Stanford)
Brian Boyer(BYU)
Lauren Cohen(Harvard)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Isil Erel (Ohio State)
Carola Frydman(Northwestern)
Valentin Haddad (UCLA)
Samuel Hartzmark (Chicago)
DavidHirshleifer(Irvine)
Victoria Ivashina (Harvard)
Ben Iverson (BYU)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)
BrigitteMadrian(BYU)
Gregor Matvos(Northwestern)

Ulrike Malmendier (UC Berkeley)
Todd Mitton
(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz(Yale)
Taylor Nadauld(BYU)
Christopher Palmer (MIT)
Lubos Pastor (Chicago)
Ryan Pratt (BYU)
Michael Roberts (Wharton)
Antonette Schoar (MIT)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(BYU)
Laura Starks (UT Austin)
David Thesmar(MIT)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
JessicaWachter(Wharton)
Mike Weisbach(Ohio State)

2022

Program Chair

Ulrike Malmendier (UC Berkeley)

Awards

  • Best Paper: Jonathan Wallen, "Many Markets Make Good Neighbors: Multimarket Contact and Deposit Banking"
  • Best Discussant: Valentin Haddad, "A Stock Return Decomposition Using Observables"

Papers

  • Bargaining with Private Equity: Implications for Hospital Prices and Patient Welfare
    Tong Liu (MIT)*
    Discussant: Samuel Antill (Harvard)
  • Entrepreneurship and the Platform Economy: Evidence from U.S. Tax Returns
    Matthew Denes(Carnegie Mellon)*,Spyridon Lagaras (Pittsburgh),Margarita Tsoutsoura (Cornell)
    Discussant: Michael Ewens (Columbia)
  • Hidden Alpha
    Manuel Ammann (St. Gallen), Alexander Cochardt(Harvard), Lauren Cohen(Harvard), Stephan Heller (Harvard)*
    Discussant: RonKaniel (Rochester)
  • HousingDemand and Remote Work
    John Mondragon (Federal Reserve Bank of San Francisco), Johannes Wieland(UC San Diego)*
    Discussant:Arpit Gupta (NYU)
  • The Impact of Social Insurance on Household Debt
    Gideon Bornstein (Wharton), Sasha Indarte(Wharton)*
    Discussant: Giorgia Piacentino (Columbia)*
  • Many Markets Make Good Neighbors: Multimarket Contact and Deposit Banking
    John Hatfield (UTAustin),Jonathan Wallen (Harvard)*
    Discussant:Alexi Savov (NYU)
  • A Stock Return Decomposition Using Observables
    Benjamin Knox(Federal Reserve Board)*, Annette Vissing-Jorgensen (Federal Reserve Board)
    Discussant: Valentin Haddad (UCLA)
  • A Tale of Two Networks: Common Ownership and Product Market Rivalry
    Florian Ederer(Yale), Bruno Pellegrino (Maryland)*
    Discussant: Doron Levit (Washington)
  • What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark
    Zhengyang Jiang (Northwestern),Hanno Lustig (Stanford), Stijn Van Nieuwerburgh(Columbia),Mindy Xiaolan (UT Austin)*
    Discussant:Mikhail Chernov (UCLA)
  • Why are Firms Slow to Adopt Profitable Opportunities
    Waldo Ojeda (CUNY),Sean Higgins (Northwestern)*,Ulrike Malmendier (UC Berkeley), Paul Gertler(UC Berkeley)
    Discussant: Ryan Pratt (BYU)

* presenter

Photos

2022 Photos

Program Committee

Jonathan Berk(Stanford)
Brian Boyer(BYU)
Lauren Cohen(Harvard)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Isil Erel (Ohio State)
Carola Frydman(Northwestern)
Samuel Hartzmark (Chicago)
DavidHirshleifer(Irvine)
Victoria Ivashina (Harvard)
Ben Iverson (BYU)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)
BrigitteMadrian(BYU)
Gregor Matvos(Northwestern)

Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz(Yale)
Taylor Nadauld(BYU)
Christopher Palmer (MIT)
Lubos Pastor (Chicago)
Ryan Pratt (BYU)
Michael Roberts (Wharton)
Alexi Savov(NYU)
Antonette Schoar(MIT)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(BYU)
Laura Starks (UT Austin)
David Thesmar(MIT)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
JessicaWachter(Wharton)
Mike Weisbach(Ohio State)
Ivo Welch (UCLA)

2021

Program Chair

Lubos Pastor(Chicago)

Awards

  • Best Paper: Anthony Defusco, "Measuring the Welfare Effects of Adverse Selection in Consumer Credit Markets"
  • Best Discussant: Greg Buchak, "Measuring the Welfare Effects of Adverse Selection in Consumer Credit Markets"

Papers

  • CEO Pet Projects
    Paul Decaire (ASU)*,DenisSosyura (ASU)
    Discussant: Margarita Tsoutsoura (Cornell)
  • Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment
    Arvind Krishnamurthy (Stanford), WenhaoLi (USC)*
    Discussant: Maryam Farboodi (MIT)
  • Does FinTech Substitute for Banks? Evidence from the Paycheck Protection Program
    Isil Erel (Ohio State),Jack Liebersohn (UC Irvine)*
    Discussant: Adi Sunderam (Harvard)
  • The Economic Burden of Pension Shortfalls: Evidence from House Prices
    Darren Aiello (BYU)*,Asaf Bernstein (Colorado),Mahyar Kargar(Illinois),Ryan Lewis(Colorado),Michael Schwert(Wharton)
    Discussant: Jinyuan Zhang(UCLA)
  • How Costly is Noise? Data and Disparities in the US Mortgage Market
    Laura Blattner (Stanford), Scott Nelson(Chicago)*
    Discussant: Michaela Pagel (Columbia)
  • The Labor Effects of Pro-labor Bias in Bankruptcy
    Aloisio Araujo(FGV EPGE),Rafael Ferreira (Sao Paulo),Spyridon Lagaras (Pittsburgh)*,Flavio Moraes (FGV EPGE),Jacopo Ponticelli (Northwestern),Margarita Tsoutsoura (Cornell)
    Discussant: Adrien Matray (Princeton)
  • Measuring the Welfare Effects of Adverse Selection in Consumer Credit Markets
    Anthony DeFusco (Northwestern)*,Huan Tang (LSE),Constantine Yannelis (Chicago)
    Discussant: Greg Buchak (Stanford)
  • Rise of the Machines: The Impact of Automated Underwriting
    Mark Jansen (Utah)*,Amin Shams (Ohio State),Hieu Nguyen (Utah)
    Discussant: Sasha Indarte (Wharton)
  • The Risks of Safe Assets
    Yang Liu (Hong Kong), Lukas Schmid (USC)*,Amir Yaron (Bank of Israel)
    Discussant: Zhengyang Jiang (Northwestern)
  • What Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns?
    SebastienBetermier (McGill)*,Laurent Calvet (EDHEC Business School),SamuliKnupfer (BI Business School), Jens Kvaerner (Tilburg)
    Discussant: Serhiy Kozak(Maryland)

* presenter

Photos

2021Photos

Program Committee

Jonathan Berk(Stanford)
Brian Boyer(BYU)
Lauren Cohen(Harvard)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Isil Erel (Ohio State)
Carola Frydman(Northwestern)
Samuel Hartzmark (Chicago)
DavidHirshleifer(Irvine)
Victoria Ivashina (Harvard)
Ben Iverson (BYU)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)
BrigitteMadrian(BYU)

Gregor Matvos(Northwestern)
Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz(Yale)
Taylor Nadauld(BYU)
Michael Roberts (Wharton)
Antonette Schoar (MIT)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(BYU)
David Thesmar(MIT)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
JessicaWachter(Wharton)
Mike Weisbach(Ohio State)
Ivo Welch (UCLA)

2020

Program Chair

Antoinette Schoar(MIT)

Awards

  • Best Paper:Sylvain Catherine, "Social Security and Trends in Inequality"
  • Best Discussant:Annette Vissing-Jørgensen, "A Q-Theory of Inequality"

Papers

  • Asset Pricing with Price Levels
    Thummim Cho(LSE)*, Christopher Polk(LSE)
    Discussant: Leonid Kogan(MIT)
  • How do Private Equity Fees Vary Across Public Pensions?
    Juliane Begenau(Stanford)*, Emil Siriwardane(Harvard)
    Discussant: Arthur Korteweg(USC)
  • Investor Tax Credits and Entrepreneurship: Evidence from U.S. States
    Matthew Denes(Carnegie Mellon), Sabrina Howell (NYU), Filippo Mezzanotti (Northwestern), Xinxin Wang(UCLA), Ting Xu(Virginia)*
    Discussant: Song Ma(Yale)
  • A Q-theory of Inequality
    Matthieu Gomez(Columbia)*, Émilien Gouin-Bonenfant (Columbia)
    Discussant: Annette Vissing-Jørgensen(Berkeley)
  • Resolving the Excessive Trading Puzzle: An Integrated Approach Based on Surveys and Transactions
    Hongqi Liu (CUHK Shenzhen), Cameron Peng (LSE)*, Wei A. Xiong (Shenzhen Stock Exchange), Wei Xiong (Princeton)
    Discussant: Samuel Hartzmark(Chicago)
  • Running Upthe Tab: Personal Bankruptcy, Moral Hazard, and Shadow Debt
    Bronson Argyle(BYU)*, Benjamin Iverson (BYU), Taylor Nadauld (BYU), Christopher Palmer (MIT)
    Discussant: Neale Mahoney(Stanford)
  • Shocks and Technology Adoption: Evidence from Electronic Payment Systems
    Nicolas Crouzet(Northwestern)*, Apoorv Gupta(Northwestern), Filippo Mezzanotti(Northwestern)*
    Discussant: Amit Seru(Stanford)
  • Social Security and Trends in Inequality
    Sylvain Catherine(Wharton)*, MaxMiller(Wharton), Natasha Sarin(Penn Law & Wharton)
    Discussant: Owen Zidar (Princeton)
  • Taxes Depress Corporate Borrowing: Evidence from Private Firms
    Ivan T. Ivanov (FRB), Luke Pettit(FRB), Toni Whited (Michigan)
    Discussant: David Thesmar(MIT)
  • Two Tales of Debt
    Amir Kermani(Berkeley), Yueran Ma(Chicago)*
    Discussant: Michael Roberts(Wharton)

* Presenting Author

Program Committee

Jonathan Berk(Stanford)
Brian Boyer(BYU)
Lauren Cohen(Harvard)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Carola Frydman(Northwestern)
DavidHirshleifer(Irvine)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)
BrigitteMadrian(BYU)
Gregor Matvos(Northwestern)

Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz(Yale)
Taylor Nadauld(BYU)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(BYU)
David Thesmar(MIT)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
JessicaWachter(Wharton)
Mike Weisbach(Ohio State)
Ivo Welch (UCLA)

2019

Red Rock Finance Conference 2025 (1) Red Rock Finance Conference 2025 (3)

Program Chair

Jonathan Berk(Stanford)

Awards

  • Best Paper:Jessica Wachter, "A Retrieved-Context Theory of Financial Decisions"
  • Best Discussant: Peter DeMarzo, "Do Firms Save Too Much Cash: Evidence from a Tax onCorporate Savings"

Papers

  • Common Ownership in America: 1980--2017
    Matthew Backus (Columbia)*, Chris Conlon (NYU), Michael Sinkinson (Yale)
    Discussant: Gregor Matvos(Northwestern University)
  • The Consumption Effects of the Disposition to Sell Winners and Hold on to Losers
    Benjamin Loos (University of Technology Sydney), Steffen Meyer (Southern Denmark)*, Michaela Pagel (Columbia),
    Discussant: Brad Barber (UC Davis)
  • Decomposing Present Value Effects: Evidence from a Large-scale Restructuring Experiment
    Deniz Aydin (Washington -- St. Louis)*
    Discussant: Andres Liberman(NYU)
  • Do Firms Save Too Much Cash: Evidence from a Tax onCorporate Savings
    Brian Kim (Baylor), Woojin Kim (Seoul National), Mathias Kronlund (Illinois)*,
    Discussant: Peter DeMarzo (Stanford)
  • Financial Inclusion, Human Capital, and Wealth Accumumlation: Evidence from the Freedman's Saving Bank
    Luke Stein (ASU), Constantine Yannelis (Chicago)*
    Discussant: Jillian Grennan (Duke)
  • Give Me Your Tired, Your Poor, Your High Skilled Labor: H-1B Lottery Outcomes and Entrepreneurial Success
    Stephen Dimmock (Nanyang Technological University), Jiekun Huang (Illinois), Scott Weisbenner (Illinois)*
    Discussant: Tim McQuade (Stanford)
  • Market Power in Small Business Lending: A Two Dimensional Bunching Approach
    Natalie Bachas (Princeton), Ernest Liu (Princeton)*
    Discussant: Yueran Ma (Chicago)
  • Outraged by Compensation: Implications for Public Pension Performance
    Alexander Dyck (Toronto)*, Paulo Martins Manoel (Kentucky), Adair Morse (UC Berkeley)
    Discussant: Katharina Lewellen(Dartmouth)
  • Perceived Precautionary Saving's Motives: Evidence from Fin Tech
    Francesco D'Acunto (Boston College), Thomas Rauter (Chicago)*, Christoph Scheuch (WU Wien), Michael Weber (Chicago)
    Discussant: Sabrina Howell (NYU)
  • A Retrieved-Context Theory of Financial Decisions
    Jessica Wachter(Wharton)*, Michael Kahana(Penn)
    Discussant: Robin Greenwood(Harvard)

* Presenting Author

Photos

2019 Photos

Program Committee

Brian Boyer(BYU)
Lauren Cohen(Harvard)
George Constantinides(Chicago)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
David Hirshleifer(Irvine)
Bryan Kelly(Yale)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)

Brigitte Madrian(BYU)
Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Toby Moskowitz (Yale)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(Michigan)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)
Ivo Welch (UCLA)

2018

Program Chair

Toby Moskowitz(Yale)

Awards

  • Best Paper:Seth Pruitt, "Characteristics are Covariances"
  • Best Discussant: Florian Ederer, "Marginal Entrepreneurs"

Papers

  • Characteristics are Covariances
    Bryan Kelly (Yale), Seth Pruitt (ASU)*, Yinan Su (Chicago)
    Discussant: Lars Hansen (Chicago)
  • Disaster Lending: The Distributional Consequences of Government Lending Programs
    Taylor Begley (Washington -- St. Louis)*, Umit Gurun (UT Dallas), Amiyatosh Purnanandam (Michigan), Daniel Weagley (Georgia Institute of Technology)
    Discussant: Amir Kermani (UC Berkeley)
  • Do Banks have an Edge?
    Julianne Begenau (Stanford), Erik Stafford (Harvard)*
    Discussant: Tyler Muir (UCLA)
  • The Equilibrium Effects of Information Deletion: Evidence fromConsumer Credit Markets
    Andres Liberman (NYU), Christopher Neilson (Princeton), Luis Opazo (ABIF), Seth Zimmerman (Chicago)*
    Discussant: Chris Palmer (MIT)
  • Fake News: Evidence fromFinancial Markets
    Shimon Kogan (MIT), Tobias Moskowitz (Yale), Marina Niessner (AQR Capital)*
    Discussant: Elisabeth Kempf(Chicago)
  • Global Market Inefficiencies
    Sohnke Bartram (Warwick), Mark Grinblatt (UCLA)*
    Discussant: Kent Daniel (Columbia)

  • Killer Acquisitions
    Colleen Cunningham (LBS), Florian Ederer (Yale), Song Ma (Yale)*
    Discussant: Gordon Phillips (Dartmouth)
  • The Leveraging of Silicon Valley
    Jesse Davis (UNC), Adair Morse (UC Berkeley), Xinxin Wang (UNC)*
    Discussant: Daniel Wolfenzon (Columbia)
  • Marginal Entrepreneurs
    Shai Bernsteinand Emanuele Colonnelli (Stanford), Davide Malacrino (IMF), Tim Mcquade (Stanford)*
    Discussant: Florian Ederer (Yale)
  • Shrinking the Cross Section
    Serhiy Kozak (Michigan)*, Stefan Nagel (Chicago), Shrihari Santosh (Maryland)
    Discussant: Lars Hansen (Chicago)

* Presenting Author

Photos

2018 Photos

Program Committee

Brian Boyer(BYU)
John Campbell(Harvard)
Lauren Cohen(Harvard)
George Constantinides(Chicago)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Bryan Kelly(Chicago)
Leonid Kogan(MIT)

Francis Longstaff(UCLA)
Brigitte Madrian(Harvard)
Todd Mitton(BYU)
Adair Morse (UC Berkeley)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(Michigan)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)
Ivo Welch (UCLA)

2017

Red Rock Finance Conference 2025 (9) Red Rock Finance Conference 2025 (10) Red Rock Finance Conference 2025 (11) Red Rock Finance Conference 2025 (12)

Program Chair

David Hirshleifer(UC Irvine)

Awards

  • Best Paper:Danielle Li, "Financing Novel Drugs"
  • Best Discussant:Scott Yonker, "Why Don't We Agree? Evidence from a Social Network of Investors"

Papers

  • Access to Capital, the Skill Composition, and Firm Wages
    E. Han Kim(Michigan)*, HeuijungKim(Sungkyunkwan), YuanLi(USC), YaoLu and Xingzheng Shi(Tsinghua)
    Discussant: Ben Iverson (BYU)

  • Creative Destruction and the Rational Evolution of Bubbles
    Daniel Andrei andBruceCarlin* (UCLA)
    Discussant: Winston Dou(Wharton)
  • The Dividend Disconnect
    Samuel Hartzmark(Chicago),DavidSolomon(USC)*
    Discussant: Eric So (MIT)
  • Financing Novel Drugs
    Joshua Krieger (MIT), DanielleLi (Harvard)*, DmitrisPapanikolaou(Northwestern)
    Discussant: Michael Weisbach (Ohio State)
  • Managers' Personal Bankruptcy Costs and Risk-Taking
    David Schoenherr(Princeton)*
    Discussant: Kelly Shue (Yale)
  • Multi-Frequency Trade
    Nicolas Crouzet*, IanDew-Beckerand Charles Nathanson(Northwestern)
    Discussant: Bradyn Breon-Drish (UCSD)
  • Political Cycles and Stock Returns
    Lubos Pastor* andPietroVeronesi(Chicago)
    Discussant: Rossen Valkanov (UCSD)
  • Real Effects of Search Frictions in Consumer Credit Markets
    Bronson Argyle* and Taylor Nadauld (BYU), ChristopherPalmer (UC Berkeley)
    Discussant: Hoai-Luu Nyugen (UC Berkeley)
  • The Relevance of Broker Networks for Information Diffusion in the Stock Market
    Marco Di Maggio(Harvard)*, FrancescoFranzoni (USI Lugano), AmirKermani (UCBerkeley), CarloSommavilla(USI Lugano)
    Discussant: Johan Walden (UC Berkeley)
  • Why Don't We Agree? Evidence from a Social Network of Investors
    J. Anthony Cookson (Colorado), MarinaNiessner (Yale)*
    Discussant: Scott Yonker (Cornell)

*Presenter

Photos

2017 Photos

Program Committee

Brian Boyer(BYU)
John Campbell(Harvard)
Lauren Cohen(Harvard)
George Constantinides(Chicago)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Bryan Kelly(Chicago)
Leonid Kogan(MIT)

Francis Longstaff(UCLA)
Brigitte Madrian(Harvard)
Todd Mitton(BYU)
Amit Seru(Stanford)
Kelly Shue(Yale)
Tyler Shumway(Michigan)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)

2016

Red Rock Finance Conference 2025 (13)Red Rock Finance Conference 2025 (14)Red Rock Finance Conference 2025 (15)Red Rock Finance Conference 2025 (16)

Program Chair

John Campbell(Harvard)

Awards

  • Best Paper: Gonzalo Maturana,"Teachers Teaching Teachers: The Role of Networks on Financial Decisions"
  • Best Discussant: LukeTaylor, "In Search of Ideas: Technological Innovation and Executive Pay Inequality"

Papers

  • Comparables Pricing
    Justin Murfin(Yale), RyanPratt (BYU)*
    Discussant: David Hirshleifer (UC Irvine)

  • Gold, Platinum, and Expected Stock Returns
    Darien Huang (Cornell)*
    Discussant: Josh Coval (Harvard)

  • In Search of Ideas: Technological Innovation and Executive Pay Inequality
    Carola Frydmanand Dmitris Papanikolaou*(Northwestern)
    Discussant:LukeTaylor(Wharton)

  • Lazy Prices
    Lauren Cohen (Harvard), ChristopherMalloy (Harvard), QuocNguyen (Illinois at Chicago)
    Discussant: Kent Daniel (Columbia)

  • Minimum Payments and Debt Paydown in Credit Cards
    Benjamin Keys(Chicago), JialanWang(Illinois at Urbana-Champaign)*
    Discussant: JeremyTobacman(Wharton)

  • Misallocation Cycles
    Cedric Ehouarneand Lars Kuehn(Carnegie Mellon), DavidSchreindorfer(ASU)*
    Discussant: Andrea Eisfeldt (UCLA)

  • Proxy Advisory Firms: The Economics of Selling Information to Voters
    Andrey Malenko (MIT)*, Nadya Malenko (Boston College)
    Discussant: Doron Levit (Wharton)

  • Should the Government be Paying Investment Fees on $3 Trillion of Tax-deferred Retirement Assets?
    Mattia Landoni (SMU)*, StephanZeldes(Columbia)
    Discussant: Dan Bergstresser (Brandeis)

  • Teachers Teaching Teachers: The Role of Networks on Financial Decisions
    Gonzalo Maturana (Emory)*,JordanNickerson(Boston College)
    Discussant: John Beshears (Harvard)

  • Volatility Managed Portfolios
    Alan Moreira*and Tyler Muir (Yale)
    Discussant: Timothy Mcquaid (Stanford)

*Presenter

Photos

2016 Photos

Program Committee

Brian Boyer(BYU)
Lauren Cohen(Harvard)
George Constantinides(Chicago)
Josh Coval(Harvard)
Kent Daniel (Columbia)
Karl Diether(BYU)
Andrea Eisfeldt (UCLA)
Bryan Kelly(Chicago)
Leonid Kogan(MIT)

Francis Longstaff(UCLA)
Brigitte Madrian(Harvard)
Todd Mitton(BYU)
Amit Seru(Stanford)
Tyler Shumway(Michigan)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)

2015

Red Rock Finance Conference 2025 (17)Red Rock Finance Conference 2025 (18)Red Rock Finance Conference 2025 (19)Red Rock Finance Conference 2025 (20)

Program Chair

Kent Daniel(Columbia)

Awards

  • Best Paper: Kelly Shue,"Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires"
  • Best Discussant: Juhani Linnainmaa, "V-Shaped Disposition: Mutual Fund Trading Behavior and Price Effects"

Papers

  • Competition, Markups and Predictable Returns
    Alexandre Corhay(UBC), HowardKung(LBS), LukasSchmid(Duke)
    Discussant: Ian Dew-Becker (Northwestern)

  • The Contract Year Phenomenon in the Corner Office: An Analysis of Firm Behavior During CEO Contract Renewals
    Ping Liu and Yuhai Xuan*(Illinois at Urbana-Champaign)
    Discussant: Marina Niessner (Yale)

  • Credit Expansion and Neglected Crash Risk
    Matthew Baron(Cornell)*, WeiXiong(Princeton)
    Discussant: Alan Moreiara (Yale)

  • Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
    Daniel Chen(ETH Zurich), TobiasMoskowitz (Chicago), KellyShue(Chicago)*
    Discussant: Kent Daniel (Columbia)

  • Financing Payouts
    Joan Farre-Mensa(Harvard)*, RoniMichaely(Cornell and IDC), MartinSchmalz(Michigan)
    Discussant: Sheridan Titman (UT Austin)

  • Four Centuries of Return Predictability
    Benjamin Golez(Notre Dame), PeterKoudijs(Stanford)*
    Discussant: Michael Weber (Chicago)

  • The Real effects of Liquidity During the Financial Crisis
    Evidence from Automobiles
    BenMelech (Northwestern), Meisenzahl and Ramcharan (Federal Reserve Board)
    Discussant: Palmer(UC Berkeley)

  • Selling Failed Banks
    Granja(MIT), Matvos(Chicagol), Seru (Chicago)
    Discussant: Chernenko (OSU)

  • Stock Returns over the FOMC Cycle
    Anna Cieslak(Duke), AdairMorse* and Annette Vissing-Jorgensen(UCBerkeley)
    Discussant: Bryan Kelly (Chicago)

  • V-Shaped Disposition: Mutual Fund Trading Behavior and Price Effects
    Li An(Tsinghua), BronsonArgyle(BYU)*
    Discussant: Juhani Linnainmaa(Chicago)

*Presenter

Photos

2015 Photos

Program Committee

Brian Boyer(BYU)
Lauren Cohen(Harvard)
George Constantinides(Chicago)
Josh Coval(Harvard)
Karl Diether(BYU)
Leonid Kogan(MIT)

Francis Longstaff(UCLA)
Amit Seru(Stanford)
Tyler Shumway(Michigan)
Sheridan Titman(UTAustin)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)

2014

Red Rock Finance Conference 2025 (21)Red Rock Finance Conference 2025 (22)Red Rock Finance Conference 2025 (23)Red Rock Finance Conference 2025 (24)

Program Chair

John Graham(Duke)

Awards

  • Best Paper: Manuel Adelino,"Firm Age, Investment Opportunities, and Job Creation"
  • Best Discussant: RodneyRamcharan , "Captive Finance and the Coase Conjecture"

Papers

  • Asset Pricing in the Frequency Domain: Theory and Empirics
    Ian Dew-Becker(Duke)*, StefanoGiglio(Chicago)
    Discussant: Hui Chen (MIT)

  • Captive Finance and the Coase Conjecture
    Justin Murfin(Yale),RyanPratt(BYU)*
    Discussant: Rodney Ramcharan(Board of Governors)

  • Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
    Olivier Coibion(UT Austin), Yuriy Gorodnichenko (UC Berkeley), Marianna Kudlyak(Federal Reserve Bank of Richmond), JohnMondragon(UC Berkeley)*
    Discussant: Brian Melzer(Northwestern)

  • Firm Age, Investment Opportunities, and Job Creation
    Manuel Adelino*, Song Ma and David Robinson(Duke)
    Discussant: Martin Schmalz (Michigan)

  • Interim Fund Performance and Fundraising in Private Equity
    Brad Barber* and Ayako Yasuda(UC Davis)
    Discussant: Richard Townsend (Dartmouth)

  • Learning about CEO Ability and Stock Return Volatility
    Yihui Pan(Utah), Tracy YueWang(Minnesota), MichaelWeisbach (Ohio State)*
    Discussant: Dirk Jenter(Stanford)

  • Patent Trolls
    Lauren Cohen(Harvard)*, UmitGurun, (UTat Dallas), ScottKominers(Harvard)​​​​​​
    Discussant: Shawn Miller(Stanford Law)

  • Short Selling Risk
    Joseph Engelberg(UC San Diego), Adam Reed(North Carolina), MatthewRinggenberg(Washington --St. Louis)*
    Discussant: Juhani Linnainmaa (Chicago)

  • Sticking to Your Plan: Hyperbolic Discounting and Credit Card Debt Paydown
    Theresa Kuchler (NYU)*
    Discussant: Denis Sosyura(Michigan)

  • What Will It Do For My EPS? A Straightforward But Powerful Motive for Mergers
    Gerald Garvey(BlackRock), ToddMilbourn(Washington--St. Louis)*,Kangzhen Xie(Arkansas)
    Discussant: David Robinson(Duke)

*Presenter

Photos

2014 Photos

Program Committee

Brian Boyer(BYU)
Josh Coval(Harvard)
Karl Diether(BYU)
Leonid Kogan(MIT)
Francis Longstaff(UCLA)

Hanno Lustig (UCLA)
Tyler Shumway(Michigan)
Keith Vorkink(BYU)
Mike Weisbach(Ohio State)

2013

Red Rock Finance Conference 2025 (25)Red Rock Finance Conference 2025 (26)Red Rock Finance Conference 2025 (27)Red Rock Finance Conference 2025 (28)

Program Chair

Josh Coval(Harvard)

Awards

  • Best Paper: Leonid Kogan,"Measuring the "Dark Matter" in Asset Pricing Models"
  • Best Discussant: Josephine Smith, "Notes on Bonds: Liquidity at All Costs in the Great Recession"

Papers

  • Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market
    Thomasz Piskorski(Columbia), AmitSeru (Chicago)*, JamesWitkin(Columbia)
    Discussant: Tyler Shumway(Michigan)

  • The Bonding Hypothesis of Takeover Defenses: Evidence from IPO Firms
    William Johnson(Suffolk), JonathonKarpoff (Washington)*, SanghoYi(Sogang)
    Discussant: Michael Lemmon(BlackRock)

  • Estimating the Benefits of Contractual Completeness
    Gregor Matvos(Chicago)*
    Discussant: Ben Iverson(Northwestern)

  • Heterogeneous Information Diffusion and Horizon Effects in Average Returns
    Oliver Boguth(ASU)*, MurrayCarlson and Adlai Fisher (British Columbia), MikhailSimutin(Toronto)
    Discussant: Alan Moreira(Yale)

  • Investor Attention and Stock Market Volatility
    Daniel Andrei (UCLA)*, Michael Hasler(Swiss Finance Institute)
    Discussant: Murray Carlson(UBC)

  • Measuring the "Dark Matter" in Asset Pricing Models
    Hui Chen, Leonid Kogan* and Winson Wei Dou (MIT)
    Discussant: Bradyn Breon-Drish(Stanford)

  • Notes on Bonds: Liquidity at All Costs in the Great Recession
    David Musto, Greg Nini and Krista Schwarz* (Penn)
    Discussant:JosephineSmith(NYU)

  • The Pre-FOMC Announcement Drift
    David Lucca(Federal Reserve Bank of New York)*, EmanuelMoench(Federal Reserve Bank of New York)
    Discussant: Chris Parsons(UCSD)

  • Self-Enhancing Transmission Bias and Active Investing
    Bing Han(UT Austin), DavidHirshleifer (UC Irvine)*
    Discussant: Bruce Carlin(UCLA)

  • Synthetic or Real? The Equilibrium Effects of Credit Default Swaps on Bond Markets
    Martin Oehmke(Columbia)*, AdamZawadowski (Boston)
    Discussant: William Fuchs(UC Berkeley)

*Presenter

Photos

2013 Photos

Program Committee

Brian Boyer (BYU)
Karl Diether (BYU)
Andrew Karolyi(Cornell)
Jon Karpov (Washington)
Francis Longstaff (UCLA)

Hanno Lustig (UCLA)
Tyler Shumway(Michigan)
Keith Vorkink(BYU)
Mike Weisbach(Ohio State)

2012

Red Rock Finance Conference 2025 (29)Red Rock Finance Conference 2025 (30)Red Rock Finance Conference 2025 (31)Red Rock Finance Conference 2025 (32)

Program Chair

Francis Longstaff(UCLA)

Awards

  • Best Paper: Amit Seru,"Inconsistent Regulators: Evidence from Banking"
  • Best Discussant: HannoLustig, "Carry"

Keynote Speaker

  • Monika Piazzesi— (Stanford)

Papers

  • Bank Regulation, Credit Ratings, and Systematic Risk
    Giuliano Iannotta(Bocconi), GeorgePennacchi(Illinois)
    Discussant:ChristineParlour (MIT)

  • Can Metropolitan Housing Risk be Diversified?
    John Cotter(University College Dublin), StuartGabriel* and Richard Roll (UCLA)
    Discussant: Amiyatosh Purnanandam (Michigan)

  • Carry
    Ralph Koijen* andTobiasMoskowitz (Chicago), LassePedersen (NYU), EvertVrugt(VU University Amsterdam)
    Discussant:HannoLustig(UCLA)

  • The Cost of Capital for Alternative Investments
    Jakub Jurek (Princeton)*, ErikStafford (Harvard)
    Discussant: Russ Wermers(Maryland)

  • Credit Policy as Fiscal Policy
    Deborah Lucas(MIT)*
    Discussant: Denis Sosyura(Michigan)

  • Expecting the Fed: Monetary policy, forecast errors and credit supply
    Anna Cieslak (Northwestern)*, Pavol Povala(Lugano)
    Discussant: Scott Joslin (USC)

  • Financial Integration, Housing and Economic Volatility
    Philip Strahan (Boston College)*
    Discussant: Jay Hartzell (UT Austin)

  • Inconsistent Regulators: Evidence from Banking
    David Lucca(Federal Reserve Bank of New York), AmitSeru(Chicago)*, FrancescoTrebbi(British Columbia, NBER, and CIFAR)
    Discussant: Philipp Schnabl (NYU)

  • Macroeconomic Effects of Corporate Default Crises: A Long Term Perspective
    Kay Giesecke (Stanford), FrancisLongstaff(UCLA)*, StephenSchaefer, (LBS), IlyaStrebulaev (Stanford)
    Discussant: Josh Coval (Harvard)

*Presenter

Photos

2012 Photos

Program Committee

Brian Boyer(BYU)
Josh Coval(Harvard)
Karl Diether (BYU)
Andrew Karolyi(Cornell)

Jon Karpov(Washington)
Tyler Shumway(Michigan)
Keith Vorkink (BYU)
Mike Weisbach(Ohio State)

Redrock Conference Pictures 2012-2017

Red Rock Finance Conference 2025 (2024)

References

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