Winners of the AQR Top Finance Graduate Award at CBS 2018

 

 

Laura Blattner, Harvard University

Laura Blattner is a Ph.D. candidate at Harvard University. Her research interests are banking, corporate finance, and macroeconomics. Laura earned a Bachelor's degree in Philosophy, Politics, and Economics (PPE) and a Master of Philosophy in Economics at the University of Oxford (Nuffield College).  Prior to her Ph.D., she completed a six-month internship at the International Monetary Fund in Washington D.C. In July 2018, she will be joining the Stanford Graduate School of Business as an Assistant Professor of Finance. 

 

When Losses Turn Into Loans: The Cost of Undercapitalized Banks

(joint with Luísa Farinha, Banco de Portugal and Francisca Rebelo, Boston College)

 

 

 

 

Emanuele Colonnelli, Stanford University

Emanuele is a PhD candidate in Economics at Stanford University. His research lies at the intersection of corporate finance and development, with a special interest in topics of entrepreneurship and political economy. A unifying theme of his research agenda is the understanding of how institutional frictions affect the real economy, by studying their impact on firm and entrepreneurial dynamics, as well as resource allocation across and within firms. Emanuele holds a BSc in Economics from the University of Siena, an MSc in Economics from Bocconi University, and he spent an academic year visiting Pembroke College, Oxford University. Prior to joining Stanford, he worked as a researcher at IGIER (Bocconi University). He is also the recipient of a number of grants and awards, such as the Kauffman Dissertation Fellowship, and he volunteers as a research advisor for various government agencies. Next summer, Emanuele will be joining the University of Chicago, Booth School of Business.

Corruption And Firms: Evidence From Randomized Audits In Brazil

 

 

 

Niels Joachim Gormsen, Copenhagen Business School


Niels Joachim Gormsen is a PhD candidate at Copenhagen Business School. His main area of research is empirical asset pricing. In recent work he has studied the equity term structure, the conditional CAPM, the low-risk effect, and how the distribution of equity returns varies over time. Niels received a Bachelor’s degree in International Business and a Master’s degree in Economics and Finance, both from Copenhagen Business School. During his PhD, Niels spend a year at Harvard University as a visiting student. This summer, Niels will be joining the University of Chicago, Booth School of Business.

 

Time Variation of the Equity Term Structure

 

 

Kilian Huber, London School of Economics

Kilian Huber's research studies the interaction between the financial sector and the real economy. His recent publication in the American Economic Review, entitled "Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties", shows that lending cuts by banks have persistent effects on the real economy. Lending cuts do not only affect firms through restricted access to credit, but can also indirectly harm firms with undisturbed bank loan supply, through reduced aggregate demand and local spillovers. Kilian’s new paper "Are Bigger Banks Better? Firm-Level Evidence from Germany" shows empirically that increases in bank size may not lead to real economic benefits. Kilian will be a Research Fellow at the Becker Friedman Institute of the University of Chicago in 2018/19, before joining the Booth School of Business as Assistant Professor of Economics. Kilian is about to complete his graduate studies at the Department of Economics of the London School of Economics. He holds Bachelor and Master degrees from the London School of Economics.

 

Are Bigger Banks Better? Firm-Level Evidence from Germany

 

 

Yiming Ma, Stanford Graduate School of Business

Yiming Ma is a PhD candidate in finance at the Stanford Graduate School of Business. She is also a visiting researcher at the German Bundesbank. Her research applies tools from industrial organization to questions in financial intermediation, financial stability and monetary policy. Before graduate school, she received a BA in Mathematics, Economics and Global Affairs from Yale University and interned with the People's Bank of China. Next fall, Yiming will be joining the faculty at Columbia Business School. 

 

Intermediation in the Interbank Lending Market

(joint with Ben Craig, Federal Reserve Bank of Cleveland and Deutsche Bundesbank)

 

Yueran Ma, Harvard University

Yueran Ma will join Chicago Booth as an assistant professor of finance in July 2018. Her main research interest is empirical studies at the intersection of finance and macroeconomics. Her work covers topics including low interest rates and financial markets, debt contracts and macroeconomic implications, non-financial firms and financial frictions, and expectations in finance and macroeconomics. She has also worked on questions in real estate and urban economics. She received B.A. summa cum laude and Phi Beta Kappa in applied mathematics in 2014, and Ph.D. in business economics in 2018, from Harvard University.

Low Interest Rates and Risk Taking: Evidence from Individual Investment Decisions

(joint with Chen Lian, Massachusetts Institute of Technology and Carmen Wang, Harvard University)

 

 

Scott Nelson, MIT Economics

Scott Nelson is a Ph.D. candidate in Economics at MIT. His research studies how market structure and regulation affect loan terms and information generation in consumer credit markets, and how the sources of consumer credit demand affect the risks that lenders face. In his job market paper, Scott studies the efficiency and distributional effects of the 2009 Credit CARD Act in the US credit card market. In other work Scott studies the design of the US consumer bankruptcy and debt collection system, the formation of consumers’ financial expectations, how consumer income expectations and uncertainty drive borrowing demand, and the effects of recent regulation on the use of consumer credit report data. Previously Scott has worked as a research fellow with the City of Boston Office of Financial Empowerment, graduate intern and research analyst at the Consumer Financial Protection Bureau, assistant economist at the Federal Reserve Bank of New York, and research assistant at Innovations for Poverty Action (IPA), where he was a member of the US Household Finance Initiative. In 2019 Scott will join the University of Chicago, Booth School of Business as Assistant Professor of Finance, after a year of post-doctoral research.

 

Private Information and Price Regulation in the US Credit Card Market

 

 

Copenhagen Business School (CBS) - Room SPS12, Solbjerg Plads 3 - 2000 - Frederiksberg - +45 38153815