Program 2014

European Winter Finance Summit, March 16 – 19, 2014

Location: Hotel Alex, Zermatt

TimePresenterDiscussantTitle
Sunday, March 16
17:00 - 17:45Welcome receptionLounge Bar
17:45 - 18:00Introductory remarksKjell Nyborg
18:00 - 19:30SESSION 1Chair: Kjell Nyborg
University of Zurich
François Degeorge
University of Lugano
Per Östberg
University of Zurich
Agency Costs and Investor Returns in Private Equity:
Consequences for Secondary Buyouts
Enrique Schroth
City University London
Alexander Wagner
University of Zurich
Debt Renegotiation and Investment Decisions Across Countries
from 20:00Dinner "Stuebli"
Monday, March 17
08:15 - 09:00SESSION 2Chair: Per Östberg
University of Zurich
Pierre Collin Dufresne
Swiss Finance Institute at EPFL
Alexander Mürmann
WU Vienna
Moral Hazard, Informed Trading, and Stock Prices
16:15 - 16:45Coffee, Snacks, Light refreshmentsLounge Bar
17:00 - 18:30SESSION 3Chair: Steven Ongena
University of Zurich
Cindy K. Soo
University of Michigan
Jos Van Bommel
University of Luxembourg
Quantifying animal spirits:
news media and sentiment in the housing market
Bastian von Beschwitz
INSEAD
Markus Leippold
University of Zurich
Media-Driven High Frequency Trading:
Evidence from News Analytics
18:30 - 18:45Coffee Break
18:45 - 19:30Robert Whitelaw
NYU, Stern School of Business
Engelbert Dockner
WU Vienna
Comovement and Momentum
from 20:00Dinner "Stuebli"
Tuesday, March 18
08:15 - 09:45SESSION 4Chair: Christian Laux
WU Vienna
Christian Wagner
Copenhagen Business School
Stefan Pichler
WU Vienna
Sovereign Risk and Currency Returns
Andriy Bodnaruk
Mendoza College of Business, University of Notre Dame
Florian Peters
University of Amsterdam
Dual Ownership, Returns, and Voting in Mergers
16:15 - 16:45Coffee, Snacks, Light refreshmentsLounge Bar
17:00 - 18:30SESSION 5Chair: Markus Leippold
University of Zurich
Thomas Kick
Deutsche Bundesbank
Steven Ongena
University of Zurich
The Political Economy of Bank Bailouts
David Martinez-Miera
Universidad Carlos III de Madrid
Natalyia Klimenko
University of Zurich
A Macroeconomic Model of Endogenous Systemic Risk Taking
18:30 - 18:45Coffee Break
18:45 - 20:00Guest Speaker
Simon Anthamatten
"Kunyang Chhish East – First Ascent"
from 20:00Fondue DinnerBreakfast Room
Wednesday, March 19
08:30 - 10:00SESSION 6Chair: Per Östberg
University of Zurich
Bjørn Eraker
University of Wisconsin
Grigory Vilkov
University of Mannheim
Explaining the Negative Returns to VIX Futures and ETNs:
An Equilibrium Approach
Emanuele Tarantino
University of Bologna
Maria Chaderina
WU Vienna
Bankruptcy Law and Bank Financing
10:00 - 10:15Final Words