The 2013 Rising Stars Conference

Schools of Business, Fordham University in conjunction with Leonard N. Stern School of Business, New York University and Lally School of Management & Technology, Rensselaer Polytechnic Institute

May 10, 2013, Steelcase, Inc., Penthouse, 4 Columbus Circle, New York, NY 10019

Scientific Committee: Franklin Allen, Bill Francis, Iftekhar Hasan, Kose John, Sheridan Titman, and Ivo Welch

PROGRAM:

8:30 - 8:45 Registration

8:45 - 9:00 Opening Remarks

9:00 - 10:30 Session I: A Macroeconomic Framework for Quantifying Systemic Risk
Co-author: Zhiguo He
Rising Star: Arvind Krishnamurthy, Harold L. Stuart Professor of Finance, Kellogg School of Management, Northwestern University
Discussant: Bengt Holmstrom, Paul A. Samuelson Professor of Economics Massachusetts Institute of Technology
Discussant: Wei Xiong, Professor of Economics, Princeton University

10:40 - 12:00 Session II: As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
Co-author: Florian Heider
Rising Star: Alexander Ljungqvist, Ira Rennert Professor of Finance, Stern School of Business, New York University
Discussant: Sheridan Titman, Walter W. McAllister Centennial Chair in Financial Services, McCombs School of Business, University of Texas-Austin
Discussant: Thomas Noe, Ernest Butten Professor of Management Studies Said Business School, University of Oxford

12:00 - 1:00 Lunch

1:00 - 1:20 Remarks

1:20 - 1:30 Award Presentation

1:30 - 3:00 Session III: Equity Market Misvaluation, Financing, and Investment
Co-author: Missaka Warusawitharana
Rising Star: Toni Whited, Michael and Diane Jones Professor of Business Administration and Professor of Finance, Simon School of Business, University of Rochester
Discussant: Randall Morck, Stephen A. Jarislowsky Distinguished Chair in Finance, Alberta School of Business, University of Alberta
Discussant: Kose John, Charles William Gerstenberg Professor of Banking and Finance, Stern School of Business, New York University

3:10 - 4:40 Session IV: Household Balance Sheets, Consumption, and the Economic Slump
Co-authors: Atif Mian, Kamalesh Rao
Rising Star: Amir Sufi, Professor of Finance, Booth School of Business, University of Chicago
Discussant: Franklin Allen, Nippon Life Professor of Finance, The Wharton School, University of Pennsylvania
Discussant: William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, Yale School of Management, Yale University

4:40 - 4:50 Concluding Remarks

4:50 - 6:30 Reception

REGISTRATION: Please RSVP to the conference coordinator, Clayton Lamar, by email at clamar@fordham.edu, or by telephone at 646.312.8279. For all academic inquiries, please contact Professor Iftekhar Hasan at ihasan@fordham.edu