2015 Financial Market Symposium


Second Annual Financial Market Symposium: Private Equity

Finance Department, School of Business

Friday, September 25, 2015

Program
9:00 – 9:15 Registration and Continental Breakfast

9:15 – 9:45 Welcoming Remarks and Some Recent Research Results by Donald S. Siegel, Dean, School of Business, University at Albany
“Private Equity and the Innovation Strategies of Entrepreneurial Firms: Empirical Evidence from the Small Business Innovation Research Program,” by Al Link, University of North Carolina, Christopher J. Ruhm, University of Virginia, and Donald S. Siegel, University at Albany

9:45 – 11:00 Keynote Address
“Estimating Private Equity Returns from the Limited Partner Cash Flows,” William N. Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies,Yale University

11:15 – 12:30 Session 1: “Buyout Activity: The Impact of Aggregate Discount Rates,” by Valentin Haddad, Princeton University, Erik Loualiche, MIT Sloan, and Matthew Plosser, Federal Reserve Bank of New York
Presenter: Matthew Plosser, Economist, Federal Reserve Bank of New York
Discussant: Louis Piccotti, Assistant Professor, University at Albany

12:30 – 2:00 Lunch and Practitioner Panel
Moderator: Na Dai, Associate Professor, University at Albany
Panelists:
Salvatore Gentile ’85, Managing Director, Intermediate Capital Group, Inc.
Alan Mantel ’85, Partner, Snow Phipps Group, LLC
Michael Nash ’83, Senior Managing Partner, Blackstone Group L.P.

2:15 – 3:30 Session 2: “Expertise or Proximity in International Private Equity? Evidence from a Natural Experiment,” by Thomas J. Chemmanur, Boston College, Tyler Hull, Norwegian School of Economics, and Karthik Krishnan, Northeastern University
Presenter: Karthik Krishnan, Associate Professor and Thomas Moore Faculty Fellow, Northeastern University
Discussant: Na Dai, Associate Professor, University at Albany

3:30 – 3:45 Concluding Remarks: Hany Shawky, Professor and Chair, School of Business, University at Albany

SUNY Global Center, 116 East 55th Street, New York, NY 10022
Contact: Sally Mills (518) 380-0662 or smills@albany.edu