Workshop

Erkan Yönder (Concordia University) Title: Strategic Default and Renegotiation: Evidence from Commercial Real Estate Loans Authors: I. Serdar Dinc and Erkan Yonder Presenting author: Erkan Yonder Abstract: We study strategic default in commercial real estate loans in a setting where the borrowers hold multiple such loans...

Scott Guernsey (UTK) Title: Monitoring Secretive Startups Abstract: This article examines the mechanisms used by venture capitalists (VCs) to monitor their investments in startups that use trade secrets to protect their intellectual property (IP). First, we confirm that, after startups are afforded stronger trade secrets...

Dr, Cynthia Balloch (LSE) "Asset Allocation and Returns in the Portfolios of the Wealthy.” Despite accounting for a large amount of total wealth, there is little direct empirical evidence of the investment behavior of wealthy households. Based on a proprietary database of investment portfolios and returns, we document...

Enrichetta Ravina (Chicago Fed) Title: Stability and Evolution in Investor Ideology Abstract: We track the temporal pattern of institutional investors’ ideologies as revealed by their proxy votes from 2005 to 2018. Despite the financial crisis, the regulatory changes on proxy voting and transformation of the asset...

Sebastian Ebert (Frankfurt School of Finance & Management) Pi-CAPM: The Classical CAPM with Probability Weighting and Skewed Assets By Joost Driessen, Sebastian Ebert and Joren Koeter Abstract: We study asset prices in a generalized mean-variance framework that allows for probability weighting (the idea that investors...

Martin Szydlowski (Carlson School of Management) Harnessing the Overconfidence of the Crowd: A Theory of SPACs We provide a theory of Special Purpose Acquisition Companies, or SPACs. A sponsor raises financing for a new opportunity from a group of investors with differing ability to process information. We show that when...

Isabelle Roland (University of Cambridge, Economics) "The Aggregate Consequences of Forbearance Lending: Evidence from Japan" We study the impact of forbearance on aggregate economic performance in Japan over the period 2007-2017. Forbearance is a practice whereby banks accommodate bad borrowers instead of terminating...

Cambridge Finance Workshop Series are usually held on Thursdays during term time. The workshops are an opportunity for those working in finance to present their latest results or papers.

Cambridge Finance Workshop Series are usually held on Thursdays during term time. The workshops are an opportunity for those working in finance to present their latest results or papers.

Cambridge Finance Workshop Series are usually held on Thursdays during term time. The workshops are an opportunity for those working in finance to present their latest results or papers.