NFA Conference 2014

The 26th Annual NFA Conference was held in the Ottawa Convention Centre (OCC), which has sparkling views of Parliament Hill.

Organized by Gordon Sick, Haskayne School of Business, University of Calgary. Plenary Address by Anil Shivdasani, University of North Carolina. PhD Program Sessions: Wayne Ferson, University of Southern California and Nadia Massoud, University of Melbourne.

NFA 2014 Program Chair Report by Gordon Sick

Anil Shivdasani

Anil Shivdasani, Plenary Lecture

Wachovia Distinguished Professor of Finance
Kenan-Flagler Business School
University of North Carolina

Gordon Sick

Gordon Sick, Program Chair

Professor of Finance
Haskayne School of Business
University of Calgary

Gordon is the Vice President of the Northern Finance Association. Please put his email address of in your address book, to reduce the risk of your junk mail filter trapping important emails regarding the conference.

Wayne Ferson

Wayne Ferson, PhD Session Chair

Ivadelle and Theodore Johnson Chair in Banking and Finance
Marshall School of Business
University of Southern California
Executive Editor of the Review of Asset Pricing Studies
Research Associate of the NBER

Nadia Massoud

Nadia Massoud, PhD Session Chair

NFA 2014 Sponsors and Exhibitors

Platinum Sponsors

Silver Sponsor

Bronze Sponsor

Bronze Sponsor


NFA 2014 Paper Awards

Best Paper $2000


Do IPO Underwriters Collude?
Fangjian Fu, Singapore Management University
Evgeny Lyandres, Boston University

Presented by Gordon Sick to Evgeny Lyandres

Best Paper on Derivatives $2000



Credit Default Swaps and Corporate Cash Holdings
Marti Subrahmanyam, New York University
Dragon Tang, University of Hong Kong
Sarah Wang, Warwick Business School

Presented by Martin Boyer to Dragon Tang

Best Empirical Paper $1000



Model Disagreement and Economic Outlook
Daniel Andrei, UCLA
Bruce Carlin, UCLA
Michael Hasler, University of Toronto

Presented by Stephanie Schneider to Daniel Andrei

Best Paper on Business Valuation $1000



Small Growth and Distress Anomalies: Two Sides of the Same Coin?
Kyung Shim, University of New South Wales
Harjoat Bhamra, Imperial College

Presented by Gordon Sick to Kyung Shim

Best Student Papers $1000



Is Idiosyncratic Volatility Risk Priced? Evidence from the Physical and Risk-Neutral Distributions
Ali Boloorforoosh
Concordia University

Presented to Ali Boloorforoosh by Wayne Ferson and Gordon Sick

NFA Best Student Paper “The Blame Game”, Dexin Zhou, Emory University


The Blame Game
Dexin Zhou
Emory University

Presented to Dexin Zhou by Nadia Massoud and Gordon Sick