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2017 Program

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2017 Energy Finance Conference Program Outline

Thursday September 28 2017

6:00 pm - 8:00 pm

Pre-conference reception (Holiday Inn Express & Suites Norman)

500 Conference Drive
Norman, OK 73069


Friday September 29 2017

8:00-8:30amConference Registration and Continental Breakfast 
Lobby, Sam Noble Museum (SNM)
2401 Chautauqua Avenue
Norman, OK 73072-7029

Welcome and Conference Opening
Robert S. Kerr Auditorium

Scott Linn (U. of Oklahoma)
Dean W. Pullin, OU Price College of Business


Session 1:Price Determinants
Robert S. Kerr Auditorium
Session Chair: Scott Linn (U. of Oklahoma)

On Commodity Price Limits,” Rajkumar Janardanan (SummerHaven Investment Management);  Xiao Qiao (SummerHaven Investment Management); K. Geert Rouwenhorst (Yale University).

Discussant: Jim Smith (Southern Methodist University).

Political Uncertainty and Commodity Prices,” Kewei Hou (Ohio State University); Ke Tang (Tsinghua University); Bohui Zhang (UNSW and The Chinese University of Hong Kong).

Discussant: Ing-Haw Cheng (Dartmouth University).

10:10-10:30amCoffee Break (Lobby of SNM)

Session 2: Corporate Risk
Robert S. Kerr Auditorium
Session Chair: Chitru Fernando (U. of Oklahoma)

Drilling and Debt,” Erik Gilje (University of Pennsylvania); Elena Loutskina (University of Virginia); Dan Murphy (University of Virginia).

Discussant: David Haushalter (Pennsylvania State University).

Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005,” Erasmo Giambona (Syracuse University); Ye Wang (Bocconi University).            

Discussant: Tim Adam (Humboldt University Berlin).

How Production Risk and Flexibility Affect Liquidity Management: Evidence from Electricity Generating Firms,” Chen Lin (University of Hong Kong); Thomas Schmid (University of Hong Kong); Michael Weisbach (Ohio State University and NBER).

Discussant: Peter MacKay (Hong Kong University of Science and Technology)

12:30-2:00pm:  Lunch (SNM W.R. Howell Pleistocene Plaza)

Session 3  Financialization and Information
Robert S. Kerr Auditorium
Session Chair: Phillip Strahan (Boston College)

Commodity Financialization and Information Transmission,” Itay Goldstein (University of Pennsylvania); Liyan Yang (University of Toronto).

Discussant: Harold Zhang (University of Texas Dallas).

The Third Dimension of Financialization: Electronification, Intraday Institutional Trading, and Commodity Market Quality,” Vikas Raman (Warwick University); Michel Robe (U. of Illinois at Urbana-Champaign); Pradeep Yadav Pradeep (University of Oklahoma).

Discussant: Kumar Venkataraman (Southern Methodist University).

3:20-3:40pmCoffee Break (Lobby of SNM)
3:40-4:45pmKeynote Speech  “Post-crisis finance,” René Stulz from Ohio State U.
4:45-6:00pmMuseum Tour and Break: Sam Noble Museum Exhibits
6:00-6:30pmReception (SNM W.R. Howell Pleistocene Plaza)
6:30-9:00pmGala Dinner 
Samedan Oil Corporation Great Hall

Speaker: Dr. Kelvin K. Droegemeier
Vice President for Research
Regents' Professor of Meteorology
Oklahoma Secretary of Science and Technology
University of Oklahoma

Saturday September 30, 2017

Breakfast (Lobby, Sam Noble Museum)

Session 4: Sustainability and Green Energy
Robert S. Kerr Auditorium
Session Chair: William Megginson (U. of Oklahoma)

Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?” Christine Baumeister (University of Notre Dame and CEPR); Reinhard Ellwanger (Bank of Canada); Lutz Kilian (University of Michigan and CEPR).  

Discussant: Sebastien Pouliot (Iowa State University).

Optimal Investment Strategies for Power Generation: the Value of Green Energy,” Jerome Detemple (Boston University); Yerkin Kitapbayev (Boston University).

Discussant: Alexander David (University of Calgary).

The Sustainability Footprint of Institutional Investors,” Rajna Gibson Brandon; Philipp Krüger (both University of Geneva, Swiss Finance Institute, Geneva School of Economics and Management (GSEM), and Geneva Finance Research Institute).

Discussant: Sudheer Chava (Georgia Tech).

10:30-10:50amCoffee Break (Lobby of SNMONH)

Session 5: Risk Premia

Expected Spot Prices and the Dynamics of Commodity Risk Premia,” Daniele Bianchi (University of Warwick); Jacopo Piana (City University of London).

Discussant: Duane Seppi (Carnegie Mellon University)

Supply, Demand, and Risk Premiums in Electricity Markets,” Kris Jacobs (University of Houston); Yu Li (University of Houston); Craig Pirrong (University of Houston).    

Discussant: Pradeep Yadav (University of Oklahoma).

12:10-1:30pmLunch and Conference Close (Howell Pleistocene Plaza)
Coach returns guests to Embassy Suites Hotel
Approx. 2:30pmDepart for tour of working oil rig(return to Embassy Suites by roughly 6:00 pm)
6:30pmDinner (Red Rock Canyon Grill)