Information and Asset Prices
A UC Davis Graduate School of Management Finance Symposium

“Information and Asset Prices” is the fifth annual conference hosted by the School’s finance group. Organized by Professors Joe Chen and Anna Scherbina, the invitation-only forum brings together an elite international group of scholars to present their latest insights on how information is processed by financial markets and on the role of the news media in shaping investors’ expectations. 

Conference Schedule, Executive Board Room, 3102 Gallagher Hall


6:30 p.m. – 8:30 p.m.

Informal gathering at Seasons for drinks & conversation: meet in the hotel lobby at 6:00 pm 


8:30 a.m. – 9:00 a.m.

Continental Breakfast: (Atrium outside board room)

9:00 a.m. – 9:50 a.m.

Dmitry Livdan, UC Berkeley
Are Institutional Investors Informed about News?
Discussant: Lu Zheng, UC Irvine

9:50 am-10:05 AM

Break: Atrium outside board room (coffee)

10:05 a.m.-10:55 a.m.

Ohad Kadan, Washington University
Speculating on Private Information: Buy the Rumor, Sell the News
Discussant: Paul Irvine, Texas Christian University

10:55 am-11:10 AM

Break: Atrium outside board room (snacks)

11:10 a.m.-12:00 p.m.

Tim Loughran, Notre Dame
Information Decay and Financial Disclosures
Discussant: S.P. Kothari, MIT

12:00 p.m. – 1:15 p.m.

Luncheon: Gallagher Hall Lobby

1:15 p.m. – 2:05 p.m.

Diego Garcia, University of North Carolina                
The Kinks of Financial Journalism
Discussant: David Solmon, University of Southern California

2:05 p.m.-2:20 p.m.

Break: Atrium outside board room (snacks)

2:20 p.m. – 3:10 p.m.

Cindy K. Soo,  University of Michigan
Quantifying Animal Spirits: News Media and Sentiment in the Housing Market
Discussant: Chris Parsons, UC San Diego

3:10 p.m. – 3:25 p.m.

Break: Atrium outside board room (snacks)

3:25 p.m. – 4:15 p.m.

Dong Lou, London School of Economics
Offsetting Disagreement and Security Prices
Discussant: Karl Diether, Brigham Young University

5:30 p.m. – 8:00 p.m.

Dinner at the restaurant, Our House: meet in the hotel lobby at 5:00 pm
For those still up for it, after-dinner wine tasting at Vini