Citrus Finance Conference 2023

Venture Capital and Private Equity Investments

Friday, May 12, 2023 | 9:00 a.m. to 8:00 p.m.

Conference organizers: UC Riverside finance faculty (Alexander Barinov, Peter Chung, Mike Dong, Jean Helwege, Yawen Jiao, Greg Richey, and Richard Smith)

Conference day emcee and contact: Peter Chung

Location: Canyon Crest Country Club, 975 Country Club Dr., Riverside, CA 92506

Agenda

2023 Citrus Finance Agenda

May 11, 2023

6:00 pm - 9:00 pm | Reception and dinner at Canyon Crest Country Club

May 12, 2023

8:00 am - 9:00 am | Registration and Continental Breakfast at Canyon Crest Country Club

9:00 am - 10:15 am | The value of lending relationships
Presenter: Michael Hertzel, Arizona State University (presentation PDF)
Discussant: Micah Officer, Loyola Marymount University (presentation PDF)

10:15 am - 10:45 am | Coffee Break

10:45 am - 12:00 pm | Private Equity for Pension Plans? Evaluating Private Equity Performance from an Investor's Perspective (paper)
Presenter: Arthur Korteweg, University of Southern California
Discussant: Xinxin Wang, UCLA (presentation PDF)

12:00 pm - 1:15 pm | Lunch and Photo Session (luncheon speaker: Fernando Fabre)

1:15 pm - 2:30 pm | Retail Investors in IPOs and SPACs
Presenter: Debarshi Nandy, Brandeis University
Discussant: Mitch Warachka, Chapman University

2:30 pm - 3:45 pm | Stock Market Manipulation and Corporate Venture Capital Investments
Presenter: Douglas Cumming, Florida Atlantic University
Discussant: Henrik Cronqvist, Chapman University (presentation PDF)

3:45 pm - 4:15 pm | Coffee Break

4:15 pm - 5:20 pm | VC exits and investments: The effects of market run-up, market timing, and attention (paper)
Presenter: Richard Smith, UC Riverside (presentation PDF)

5:20 pm - 6:20 pm | Reception

6:20 pm - 8:00 pm | Conference Dinner

May 13, 2023

Optional activities for conference attendees

Research Paper Presenters

Mike Hertzel michael.hertzel@asu.edu

Professor of Finance/Dean's Council of 100 Distinguished Scholar, W. P. Carey School of Business, Arizona State University

Discussant: Micah Officer, Loyola Marymount University

Arthur Korteweg korteweg@marshall.usc.edu

Jorge Paulo and Susanna Lemann Chair in Entrepreneurship, Associate Professor of Finance and Business Economics, Marshall School of Business at University of Southern California

(Paper)

Discussant: Xinxin Wang, UCLA

Debarshi Nandy dnandy@brandeis.edu

Barbara and Richard M. Rosenberg Professor of Global Finance, Brandeis International Business School; Director, Master of Science in Finance

Discussant: Mitch Warachka, Chapman University

Doug Cumming, J.D., Ph.D., CFA cummingd@fau.edu

DeSantis Distinguished Professor of Finance and Entrepreneurship at the College of Business, Florida Atlantic University

Discussant: Henrik Cronqvist, Chapman University

Rick Smith richard.smith@ucr.edu

Professor of Finance and Philip Boyd Chair in Finance, School of Business, UC Riverside

(Paper) (Presentation PDF)

Discussants and Keynote Speaker

Discussants

Micah Officer micah.officer@lmu.edu
Professor of Finance, College of Business Administration at Loyola Marymount University

(Presentation PDF)

Xinxin Wang xinxin.wang@anderson.ucla.edu
Assistant Professor of Finance, UCLA Anderson School of Management

(Presentation PDF)

Mitchell Warachka warachka@chapman.edu
Professor of Finance, The George L. Argyros School of Business and Economics

Henrik Cronqvist hcronqvist@chapman.edu
Robert J. and Carolyn A. Waltos Dean and Professor of Economics of the George L. Argyros School of Business and Economics at Chapman University

(Presentation PDF)

Luncheon Keynote Speaker

Fernando Fabre ff2435@columbia.edu

Co-founder and Managing Partner at Matterscale Ventures, a venture capital firm launched by former Endeavor colleagues, investing in early-stage Latin startups. He is also a co-founder of Columbia University’s eLab, a fellowship for global entrepreneurs in edtech/workforce.

Adjunct Professor at Columbia University’s School of International and Public Affairs.

(Presentation PDF)

2024 Citrus Finance Conference

Empirical Asset Pricing

Date: May 10, 2024
Time: 9:00 a.m. – 5:00 p.m.
Location: UCR Alumni & Visitors Center, 3701 Canyon Crest Dr, Riverside, CA 92521

CONFERENCE DETAILS
2023 Citrus Finance Conference

Venture Capital and Private Equity Investments

Date: May 12, 2023
Time: 9:00 a.m. – 8:00 p.m.
Location: Canyon Crest Country Club, 975 Country Club Dr., Riverside, CA 92506

Conference Details
2020 Citrus Finance Conference

April 24, 2020 9 AM – 7 PM Canyon Crest Country Club, 975 Country Club Dr., Riverside, CA 92506
Topic: TBA
2019 Citrus Finance Conference

International Asset Pricing

May 3, 2019, 9 AM – 7 PM Canyon Crest Country Club, 975 Country Club Dr., Riverside, CA 92506

Jules H. van Binsbergen, University of Pennsylvania, “Risk Free Interest Rates”

Discussant: Zhongjin Lu, University of Georgia

Charles Trzcinka, Indiana University, “Discretionary Trading Halts and Patient Investors”

Discussant: Christopher Schwarz, UC Irvine (20 min)

Mike Dong, UC Riverside, “Global Anomalies”

Sheridan Titman, The University of Texas at Austin, “A Dynamic Model of Characteristic-Based Return Predictability”

Discussant: Mete Kilic, University of Southern California

Robert J. Hodrick, Columbia University, “Taking the Cochrane-Piazzesi Term Structure Model Out of

Sample: More Data, Additional Currencies, and FX Implications”

Discussant: Nina Karnaukh, The Ohio State University
2018 Citrus Finance Conference

Empirical Asset Pricing

May 4, 2018, 9 AM – 7 PM Canyon Crest Country Club, 975 Country Club Dr., Riverside, CA 92506

Xiaoyan Zhang, Purdue University, “Tracking Retail Investor Activity”

Discussant: Bernard Herskovic, UCLA

Kewei Hou, Ohio State University, The Economics of Value Investing

Discussant: Robert Ready, University of Oregon

Alexander Barinov, UC Riverside, “Firm Complexity and Conglomerates Expected Returns”

Jeffrey Pontiff, Boston College, Analysts and Anomalies

Discussant: David Yang, UC Irvine (20 min)

Wayne Ferson, USC, Holdings‐based Fund Performance Measures: Estimation and Inference

Discussant: Scott Cederburg, University of Arizona (20 min)

Conference location:
Canyon Crest Country Club
975 Country Club Dr., Riverside, CA 92506

Citrus Finance Conference 2023