To help us ensure that all delegates attending the seminar/workshop are able to participate fully, please let us know about any special requirements you have by emailing FMG@lse.ac.uk. All seminars take place from 4-5.30pm in Room R405, 4th floor, Research Laboratory, Lionel Robbins Building, 10 Portugal Street, unless otherwise stated, see map.
All papers have been made available in PDF format, unless otherwise stated.
Lent Term 2014 workshops
29 January 2014: David Sraer (Princeton)
Housing Collateral and Entrepreneurship [PDF]
Professor Sraer is an Assistant Professor of Economics at the Bendheim Center for Finance at Princeton University. He holds a PhD from the Toulouse School of Economics and an M.A. from the Paris school of Economics. He has been published in many high profile journals including: Journal of Financial Economics, Review of Finance, American Economic Review, the Review of Economic Studies and the Journal of the European Economic Association. His research focuses on corporate finance and behavioural finance and includes empirical and applied theory papers. His work in corporate finance specifically aims at providing clean and novel empirical evidence on the real effects induced by frictions in the market for financing.
19 February 2014: Leonid Kogan (MIT)
Measuring the “Dark Matter” in Asset Pricing Models [PDF]
Professor Kogan is the Nippon Telegraph and Telephone Professor of Management and a Professor of Finance at the MIT Sloan School of Management. Prior to MIT Sloan, Kogan taught at the Wharton School of the University of Pennsylvania. During 2007–08, he was a senior researcher at Lehman Brothers. His research interests include asset pricing theory, macro-finance, empirical asset pricing, and financial engineering. Kogan’s recent research has focused on the links between economic activity of firms and their stock price behaviour, the effects of investor heterogeneity on aggregate asset prices, and the computational aspects of option pricing and portfolio choice.
20 February 2014: Heitor Almeida (University of Illinois) – Please note that this seminar will take place on a Thursday not a Wednesday.
The Real Effects of Sovereign Credit Rating Downgrades [PDF]
Professor Almeida is the Stanley C. and Joan J. Golder Professor of Corporate Finance at the University of Illinois at Urbana-Champaign and a Research Associate of the National Bureau of Economic Research. He also served as an associate professor of Finance at New York University in 2006-2007 and an assistant professor of Finance at New York University from 2000 to 2006, and as a scholar at Deloitte’s CFO program in 2011-2012. He teaches courses in mergers and acquisitions and corporate finance for MBAs, executives and PhD students. His research interests include topics in corporate finance such as liquidity management, capital structure, corporate ownership structure and corporate governance.
26 February 2014: Margarita Tsoutsoura (Booth)
Tax Evasion Across Industries: Soft Credit Evidence from Greece
Professor Tsoutsoura studies empirical corporate finance, entrepreneurial finance, family firms, and financial intermediation. Her most recent research studies whether shareholders can discipline directors though the proxy contests mechanism. Her work on tax evasion was awarded the 2013 Wharton School-WRDS Award for Best Empirical Finance Paper. The Fulbright Fellowship and the WFA Trefftzs Award and are amongst Tsoutsoura's other varied honours and fellowship.
5 March 2014: Markus Brunnermeier (Princeton) - Please note that this workshop will be taking place at 1pm
Hot Money, Sudden Stops and Pecuniary Externalities: A Rationale for Capital Controls
Professor Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is the founding director of Princeton’s Julis Rabinowitz Center for Public Policy and Finance. He is also a research associate at CEPR, NBER, and CESifo, a member of the Advisory Scientific Committee of the ESRB, the research advisory council of the Bundesbank, and an advisory group of the IMF. He is also an academic consultant to New York Fed. His research focuses on financial markets and the macroeconomy with special emphasis on bubbles, liquidity, financial stability and implications for financial regulation and monetary policy.
12 March 2014: Michael Roberts (Wharton)
The Impact of Government Debt on Corporate Financing and Investment
Professor Roberts is Professor of Finance at the Wharton School of the University of Pennsylvania. Professor Roberts earned his BA in Economics from the University of California at San Diego, and his MA in Statistics and PhD in Economics from the University of California at Berkeley. His primary areas of research are corporate finance and banking. He investigates the determination of corporate capital structure and payout policy, and their impact on corporate investment and equity returns. He also studies the pricing, design, and renegotiation of debt securities. More recently, Professor Roberts has begun investigating the impact of government policies on corporate behaviour.
19 March 2014: Oliver Hart (Harvard)
Banks Are Where The Liquidity Is
Revisions to the programme may take place and these will be identified through this website.