2023 Academic Meeting - Spring 2023

Program

2023 Four Corners Academic Meeting at the University of Utah

THURSDAY, MAY 11, 2023

Session Chair: Rich Evans - University of Virginia

Location: Room 5130, David Eccles School of Business 12:15 pm – 12:20 pm: Welcome and Opening Remarks

12:20 pm – 1:15 pm: Lunch (provided by conference)

1:15 pm – 2:15 pm:

Stablecoin Runs and the Centralization of Arbitrage

Authors: Yiming Ma (Columbia Business School), Yao Zeng (Wharton), Anthony Lee Zhang  (Chicago Booth)

Discussant: Caitlin Danhausser (Villanova University)

2:15 pm – 2:30 pm: Break and Socializing

2:30 pm – 3:30 pm:

ETFs, Illiquid Assets, and Fire Sales

Authors: John J. Shim (University of Notre Dame), Karamfil Todorov (Bank of International  Settlements)

Discussant: Pedro Matos (University of Virginia)

3:30 pm – 3:45 pm: Break and Socializing

3:45 pm – 4:45 pm:

The Passive Ownership Share Is Double What You Think It Is

Authors: Alex Chinco (Baruch College), Marco Sammon (Harvard Business School) Discussant: Mike Lemmon (Citadel)

4:45pm – 5:00pm, Break and Socializing

5:00 pm – 6:30 pm: Reception (Child Community Hall, 7th floor, David Eccles School of Business) 6:30pm: Dinner with small groups (To be arranged by Conference Organizers)

FRIDAY, MAY 12, 2023

Session Chair: Adriana Robertson - University of Chicago 

Location: Room 5130, David Eccles School of Business 

8:00 am – 8:15 am: Breakfast (provided by conference) and Socializing

8:15 am – 8:45 am: Member Meeting (breakfast continues)

8:45 am – 9:45 am:

Is Index Concentration an Inevitable Consequence of Market-Capitalization Weighting?

Author: Lisa Goldberg (Aperio by BlackRock), Ananth Madhavan (BlackRock), Harrison Selwitz  (Aperio by BlackRock), and Alexander Shkolnik (University of California, Santa Barbara)

Discussant: Andrea Buffa (University of Colorado)

9:45 am – 10:00 am: Break and Socializing

10:00 am – 11:00 am:

Passive Investing and the Rise of Mega-Firms

Author: Hao Jiang (Michigan State University), Dimitri Vayanos (London School of Economics,  CEPR, and NBER), and Lu Zheng (University of California-Irvine)

Discussant: Paul Huebner (UCLA / Stockholm School of Economics)

11:00 am – 11:15 am: Break and Socializing

11:15 am – 12:15 pm:

Index-Linked Trading and Stock Returns

Authors: Shaun Davies (University of Colorado)

Discussant: George Malikov (Ivey Business School, Western University)

12:15 pm – 12:45 pm: Lunch (provided by conference, grab-and-go available)

Chatham House Rule

To encourage free discourse, the conference will operate under Chatham House Rule: participants are  free to use the information received during the conference, but neither the identity nor the affiliation of  the speaker(s) may be revealed.