F i n a n c e U C

11th International Conference


Campus San Joaquin UC

Av. Vicuña Mackenna 4860, Macul

Santiago, Chile


Tuesday January 10, 2017



Conference Program

Tuesday January 10, 2017 (Room 112)

8:45 Registration

Session 1

9:00 Time-Varying Inflation Risk and the Cross-Section of Stock Returns
Marta Szymanowska - Erasmus University Rotterdam
Discussant: Vincent van Kervel - UC
10:00 A Theory of Dissimilarity Between Stochastic Discount Factors
Gurdip S. Bakshi - University of Maryland
Discussant: Espen Henriksen - BI Norwegian School of Business
11:00 Coffee break

Session 2

11:20 Growth Options and Firm Valuation
Eduardo Schwartz - UCLA
Discussant: Erwin Hansen - Universidad de Chile

Session 3

14:00 A Tale of Two Premiums: The Role of Hedgers and Speculators in Commodity Futures Markets
Geert Rouwenhorst - Yale University
Discussant: Marta Szymanowska - Erasmus University Rotterdam
15:00 Coffee break

Session 4

15:20 Commodity Markets and Industry Profitability
Espen Henriksen - BI Norwegian School of Business
Discussant: Borja Larrain - UC
16:20 A General Approach to Recovering Market Expectations from Futures Prices With an Application to Crude Oil
Christiane Baumeister - University of Notre Dame
Discussant: Gurdip S. Bakshi - University of Maryland
17:20 Closing remarks - back to hotel

Organizing Committee


  • Jaime Casassus - UC
  • Gonzalo Cortazar - UC
  • Eduardo Schwartz - UCLA