Cutler Center 2012-2013 Annual Report - Babson College

Addendum E: 5th Boston Area Finance Symposium
5 th Boston Area Finance Symposium (BAFS)
Babson College
Sponsored by the Stephen D. Cutler Center for Investments and Finance
Friday April 5 th , 2013 Tomasso Hall 308
9:00 a.m. Breakfast (Tomasso Hall 308)
9:30 a.m. Welcome Remarks
Carolyn Hotchkiss (Dean of Faculty, Babson)
Michael Goldstein (Finance Division Chair, Babson)
9:45 a.m. Paper 1: “The Price of Liquidity Risk in a High Frequency Trading World”
Presenter: Ryan Davies (Babson)
Discussant: Ben Branch (UMass Amherst)
10:30 a.m. Paper 2: “Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect
in the Corporate Bond Market”
Presenter: Tong Yu (University of Rhode Island)
Discussant: Daniel Bergstresser (Brandeis)
11:15 a.m. Break
11:30 a.m. Paper 3: “Do Price and Volatility Jumps Explain the Cross-Section of Option Prices?”
Presenter: Lei Lian (UMass Amherst)
Discussant: David Simon (Bentley)
12:30 p.m. Lunch (BECC - Babson Executive Conference Center)
2:15 p.m. Paper 4: “Managerial Stock Options and Firm Risk: The Impact of Regulatory Changes”
Presenter: Elif Sisli Ciamarra (Brandeis)
Discussant: Tiantian Gu (Northeastern)
3:00 p.m. Paper 5: “Increase Access to Financing and Firm Productivity”
Presenter: Karthik Krishnan (Northeastern)
Discussant: Peter DaDalt (University of Rhode Island)
3:45 p.m. Break
4:00 p.m. Paper 6: “Capital Structure, Information Collection, and Investment Horizons”
Presenter: Kershen Huang (Bentley)
Discussant: Wendy Jeffus (Babson)
4:45 p.m. BAFS Planning Session
5:00 p.m. Drinks at Bottom Line Lounge BECC
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