13th Colloquium on Financial Markets
The 13th Colloquium on Financial Markets, organised by Prof. Dr. Alexander Kempf, took place in Cologne on April 07th 2014. The discussion at the conference was centred around „Asset Management“. This year, the event was held at Gothaer Asset Management AG.
Impressions of the Colloquium can be found here.
We want to take the opportunity to thank all those who presented papers, who joined the discussion and all other participants who contributed with their presentations and comments to the success of the Colloquium. In particular we would like to thank the Gothaer Asset Management AG for its support and organization of the Colloquium.
| 9.30 | Registration |
| 10.00 - 10.15 | Welcome |
| 10.15 - 10.55 | Survival of Hedge Funds: Frailty versus Contagion Serge Darolles (Paris Dauphine University), Patrick Gagliardini (University of Lugano), and Christian Gouriéroux (University of Toronto) Discussant: Günter Strobl (Frankfurt School of Finance and Management) |
| 10.55 - 11.35 | How Does Investor Confidence Lead to Trading? Theory and Evidence on the Links between Investor Return Experiences, Confidence, and Investment Beliefs Arvid O. I. Hoffmann, Thomas Post (Maastricht University) Discussant: Oliver Spalt (Tilburg University) |
| 11.35 - 12.00 | Coffee break |
| 12.00 - 12.40 | Transparency and Talent Allocation in Money Management Simon Gervais (Duke University), Günter Strobl (Frankfurt School of Finance and Management) Discussant: Javier Gil-Bazo (Universitat Pompeu Fabra) |
| 12.40 - 13.40 | Lunch |
| 13.40 - 13.50 | Announcement of the Best Paper Award 2014 |
| 13.50 - 14.30 | Distracted Shareholders and Corporate Actions Elisabeth Kempf, Alberto Manconi, Oliver Spalt (Tilburg University) Discussant: Thomas Post (Maastricht University) |
| 14.30 - 15.45 | Postersession |
| Risk-Based Commodity Investing Simone Bernardi, Markus Leippold (University of Zurich), Harald Lohre (Deka Investment GmbH) | |
| Optimists, Pessimists, and the Equity Premium: The Role of Preferences and Market (In)Completeness Nicole Branger, Patrick Konermann (University of Münster), Christian Schlag (Goethe-University Frankfurt) | |
| Have Mutual Funds Lost Their Information Advantage? Reversal of Returns to Mutual Fund Trades Teodor Dyakov (VU University Amsterdam), Hao Jiang (University of Texas at Austin), Marno Verbeek (Erasmus University Rotterdam) | |
| Expert Forecasts: Fast, Frugal, Flawed Markus Glaser (LMU Munich), Zwetelina Iliewa (ZEW Mannheim) | |
| Market Expectations of Recovery Rates Sorana Sarbu, Claus Schmitt, Marliese Uhrig-Homburg (Karlsruhe Institute of Technology) | |
| Regional Economic Activity and Stock Returns Esad Smajlbegovic (University of Mannheim) | |
| 15.45 - 16.10 | Coffee break |
| 16.10 - 16.50 | Dealer Spreads in the Corporate Bond Market: Agent vs. Market-Making Roles Louis Ederington (University of Oklahoma), Wei Guan (University of South Florida), Pradeep K. Yadav (University of Oklahoma) Discussant: Monika Trapp (University of Cologne) |
| 16.50 - 17.30 | Institutional Investment and Commonality in Liquidity: Evidence from Transaction Data Mahmoud Aymo (Universidad Carlos III de Madrid), Javier Gil-Bazo (Universitat Pompeu Fabra) Discussant: Pradeep K. Yadav (University of Oklahoma) |
| Afterwards | Farewell Cocktails |
