Thursday September 19, 2019
|11:30 am||Bus Transportation from Embassy Suites Norman parking lot to Sam Noble Museum of Natural History|
|noon-1:30 pm||Conference Registration and Buffet Lunch|
W.R. Howell Pleistocene Plaza
2401 Chautauqua Avenue
Norman, OK 73072-7029
|1:30-1:50pm||Welcome and Conference Opening|
Robert S. Kerr Auditorium
Chitru Fernando (University of Oklahoma)
Joseph Harroz Jr., Interim President, University of Oklahoma
Session 1: Corporate Decision Making
“Climate Change, Demand Volatility, and Corporate Investment Decisions,” Chen Lin (University of Hong Kong), Thomas Schmid (University of Hong Kong); Michael Weisbach (Ohio State University and NBER).
Discussant: Hayong Yun (Michigan State University)
“(Debt) Overhang: Evidence from Resource Extraction,” Michael Wittry (Ohio State University).
Discussant: James Weston (Rice University)
“Do Nonfinancial Firms Use Financial Assets to Risk-Shift? Evidence from the 2014 Oil Price Crisis,” Zhiyao Chen (Chinese University of Hong Kong), Ran Duchin (University of Washington).
Discussant: Erik Gilje (University of Pennsylvania)
|3:55-4:10pm||Coffee Break - Lobby of SNM|
Session 2: Commodity Market Participation and Risk Management
“Order Flows and Financial Investor Impacts in Commodity Futures Markets,” Robert Ready (University of Oregon); Mark Ready (University of Wisconsin).
Discussant: Brian Henderson (George Washington University)
“Risk Appetite and Intermediation by Swap Dealers,” Scott Mixon, Esen Onur, (both Commodity Futures Trading Commission).
Discussant: Kumar Venkataraman (Southern Methodist University)
“Hedging Input Commodity Price Risk: An Equilibrium View,” Hamed Ghoddusi (Stevens Institute of Technology); Sheridan Titman (University of Texas - Austin); Stathis Tompaidis (University of Texas - Austin)
Discussant: Praveen Kumar (University of Houston)
|6:15-6:45pm||Reception - SNM W.R. Howell Pleistocene Plaza|
SNM W.R. Howell Pleistocene Plaza
|9:00pm||Bus Transportation to Embassy Suites Norman|
Friday September 20, 2019
|7:00am||Bus Transportation from Embassy Suites Norman parking lot to Sam Noble Museum of Natural History|
|7:30-8:00am||Continental Breakfast - Lobby of SNM|
Session 3: Commodity Prices and Stock Prices
“Financialization and Commodity Market Serial Dependence,” Zhi Da (University of Notre Dame), Ke Tang (Tsinghua University), Yubo Tao (Singapore Management University).
Discussant: Liyan Yang (University of Toronto)
“Commodity Risk Premia and Option Returns,” Kris Jacobs (University of Houston), Bingxin Li (West Virginia University).
Discussant: Gurdip Bakshi (Temple University)
“The Low Energy Investor: Energy Risks and the Cross Section of Stock Returns,” Virgilio Zurita (Baylor University).
Discussant: Robert Vigfusson (U.S. Federal Reserve Board)
|10:00-10:20am||Coffee Break - Lobby of SNM|
Session 4: Consequences of Weather and Environmental Risks
“Corporate ESG Profiles and Banking Relationships,” Joel Houston (University of Florida), Hongyu Shan (Fordham University).
Discussant: Peter MacKay (Hong Kong University of Science and Technology)
“Sea Level Rise and Municipal Bond Yields,” Paul Goldsmith-Pinkham (Yale University), Matthew Gustafson (Penn. State University), Ryan Lewis (University of Colorado Boulder), Michael Schwert (University of Pennsylvania).
Discussant: Sudheer Chava (Georgia Institute of Technology)
“Pricing Poseidon: Extreme Weather Uncertainty and Firm Return Dynamics,” S. Mathias Kruttli (U.S. Federal Reserve Board of Governors and Oxford-Man Institute of Quantitative Finance), Brigitte Roth Tran (U.S. Federal Reserve Board of Governors), W. Sumudu Watugala (Cornell University and Oxford-Man Institute of Quantitative Finance).
Discussant: Kris Jacobs (University of Houston)
|12:30-1:45pm||Lunch - SNM W.R. Howell Pleistocene Plaza|
Keynote Address: A Financial Approach to Climate Risk
Robert F. Engle
|3:20-3:30pm||Coffee Break - Lobby of SNM|
Session 5: Climate Policy Risk
“Real Effects of Climate Policy: Financial Constraints and Spillovers,” M. Söhnke Bartram (University of Warwick), Kewei Hou (Ohio State University), Sehoon Kim (University of Florida).
Discussant: Anthony Cookson (University of Colorado Boulder)
“Measuring the Impact of Climate Policy Risk,” Michael Barnett (Arizona State University).
Discussant: Chester Spatt (Carnegie Mellon University)
|4:50-6:00pm||Museum Tour and Break: Sam Noble Museum Exhibits|
|6:00-6:30pm||Reception - SNM W.R. Howell Pleistocene Plaza|
|6:30-9:00pm||Gala Dinner |
Samedan Oil Corporation Great Hall
Introduction of Speaker: Scott Linn (University of Oklahoma)
Speaker: Dr. Berrien Moore
Chesapeake Energy Corporation Chair in Climate Studies
Dean, College of Atmospheric & Geographic Sciences
Director, National Weather Center, University of Oklahoma
Bus Transportation to Embassy Suites Norman
Saturday September 21, 2019
|8:30am||Depart for tour to Cushing, Oklahoma – Plains All American facility (from Embassy Suites Norman parking lot, return by roughly 5:00pm)|
|6:30pm||Dinner - Red Rock Canyon Grill|