8th April 2010 - Workshop ESSEC-HEC-INSEAD-PSE “Financial Economics”

The Workshop will take place on Thursday April 8, 2010 at Chateauform’ sur le pouce, 2 Avenue Velasquez, 75008 Paris (inside Parc Monceau).

For more information https://sites.google.com/a/essec.edu/workshop2010/program

8:30 – 9:00 Coffee and Welcome

9:00 – 9:45 Learning from Stock Prices and Economic Growth
Joel Peress, INSEAD and CEPR
Discussant: Xavier Ragot, PSE and Banque de France

9:45 - 10:30 Do Countries Falsify Economic Data Strategically? Some Evidence that They Do.
Tomasz Michalski, HEC (joint with Gilles Stoltz, ENS-CNRS and HEC-CNRS)
Discussant: Romain Rancière, PSE

10:30- 10:50 Coffee Break

10:50 - 11:35 When Private Equity Can Afford to be Generous
Stefano Lovo, HEC (joint with Ulrich Hege, HEC, Myron Slovin, HEC, Marie Sushka, Arizona State Univ. and HEC)
Discussant: Sridhar Arcot, ESSEC

11:35 - 12:15 Liquidity Externalities and Buyout Delisting Activity
José-Miguel Gaspar, ESSEC (joint with Laurence Lescourret, ESSEC)
Discussant: Christine Parlour, Haas School, UC Berkeley

12:15 – 14:15 Lunch

14:15 – 15:00 The Pricing of Derivatives under Borrowing and Short-Selling Costs
Lorenzo Naranjo, ESSEC
Discussant: Ali Lazrak, HEC

15:00 – 15:45 Carry Trade and Return Crash Risk
Hamidreza Tabarraei, PSE (joint with Mouhamadou Sy, PSE)
Discussant: Harald Hau, INSEAD

15:45– 16:10 Coffee Break

16:10 – 16:55 Political Reforms and the Causal Impact of Blood-Related Politicians on Corporate Performance in the World’s Least Corrupt Society
Morten Bennedsen, INSEAD (joint with Mario Daniele Amore, Copenhagen Business School and INSEAD)
Discussant: Margherita Comola, PSE

16:55 – 17:40 Committing to Transparency to Resist Corruption
Ariane Lambert-Mogiliansky, PSE (joint with Frédéric Koessler, PSE and CNRS )
Discussant: Morten Bennedsen, INSEAD

17:40 – 17:45 Closing remarks