News

October 2009

Professor Bob Chirinko was interviewed on First Business for a segment entitled "Fixing the Economy". To view video of his appearance from February 9, please visit http://www.firstbusinessx.com/index.php?option=com_content&task=view&id=1085&Itemid=76

Professor John Miller recently appeared on First Business. To view video of his appearance please visit: http://www.firstbusinessx.com/index.php?option=com_content&task=view&id=1158&Itemid=92

August 2009

Professor Dale Rosenthal commented on the possible future of Citadel Investment Group in the December 12 Chicago Tribune article about the company's decision to cover its operating costs rather than pass them on to clients. You can view the article online by clicking here.

Professor Bob Chirinko's essay about the current financial crisis in which he draws an analogy between the crisis and an accident on the Dan Ryan Expressway was featured in a recent edition of the Chicago Sun-Times. To view the essay, please visit here or download the article here.

June 2009

Professor Bob Chirinko's research on the effects of financial markets on business investment, "Fundamentals, Misvaluation, and Investment: The Real Story", was presented at a seminar at the University of Paris (Pantheon/Sorbonne). A presentation entitled "Tax Competition among U.S. States: Racing to the Bottom or Riding on a Seesaw?" was given at the 8th Edition of the Journées d'Économie Publique Louis-André Gérard-Varet organized by the University of the Mediterranean at Marseille, and "Can Lower Tax Rates Be Bought?: Business Rent-Seeking and Tax Competition among U.S. States" was presented at the Marseille conference, as well as at the III Workshop on Fiscal Federalism, Financing Sub-Central Government organized by the Institut d'Economia de Barcelona at the University of Barcelona.

March 2009

Professor John Miller recently appeared on First Business. To view video of his appearance please visit: http://www.firstbusinessx.com/index.php?option=com_content&task=view&id=1158 &Itemid=92.

January 2009

Professor Bob Chirinko recently appeared on First Business. To view video of his appearance please visit http://www.firstbusinessx.com/index.php?option=com_content&task=view&id=955&Itemid=92.

December 2008

Professor Hefei Wang gave a presentation on "Motivating Loan Officers: an Analysis of Salaries and Piece-Rates Compensation" at the Federal Reserve Bank of Chicago on December 15th. Professor Wang will present the same paper at the AEA 2009 annual meeting in San Francisco on Jan 4, 2009.

Professor Dale Rosenthal commented on the possible future of Citadel Investment Group in the December 12 Chicago Tribune article about the company's decision to cover its operating costs rather than pass them on to clients. You can view the article online by clicking here.

Professor Bob Chirinko's essay about the current financial crisis in which he draws an analogy between the crisis and an accident on the Dan Ryan Expressway was featured in a recent edition of the Chicago Sun-Times. To view the essay, please visit here or download the article here .

November 2008

Professor Bob Chirinko's recently had a article published in the U.S. Exchequer titled "Advice for the Next Treasury Secretary: Channel Market Forces for Public Purposes." To view the essay, please visit here or download the article here.

October 2008

Professor Bob Chirinko was interviewed by WBBM-TV (local CBS affiliate) about the current economic crisis and fears regarding a potential global recession. The full interview is avaliable on the CBS 2 Web site.

Professor John Miller was interviewed by WTTW-TV (local PBS affiliate) about credit default swaps. The full interview is avaliable on the WTTW Web site.

Professor Dale Rosenthal was interviewed by First Business Morning News about hedge funds. The full interview is avaliable on the First Business Morning News Web site.

Professor Lan Zhang spoke on "Volatility Estimation when Trade Times and Returns are Dependent" and "Inference for Continuous Semimartingales", in the Zell Center Seminar Series on Quantitative Finance, Kellogg School of Management, Northwestern University.

Professor Bob Chirinko Presented “Can Lower Tax Rates Be Bought?: Business Rent-Seeking and Tax Competition among U.S. States” at a conference – Mobility and Tax Policy: Do Yesterday’s Taxes Fit Tomorrow’s Economy? -- sponsored by the University of Tennessee.

September 2008

Professor Bob Chirinko participated in a roundtable discussion concerning the financial crisis and the bailout. The session -- The Critical Issues: Prospects for a Healthy Economy -- was sponsored by IGPA and the Union League. Slides for the talk (“A Spectre Is Haunting.”) and the accompanying article (“The $900 Billion Ghost Lurking Behind The Scenes”) are avaliable for download.

Professor Dale Rosenthal presenting a poster of his article "Modeling Trade Direction" at the Oxford-Man Institute of Quantitative Finance conference on Financial Econometrics and Vast Data at the University of Oxford.

Professor Bob Chirinko Participated in and served on the Program Committee for a National Tax Association Conference -- Attaining Fiscal Sustainability: State & Local Perspectives and the Federal Outlook – held in Washington, D.C.

August 2008

Professor Bob Chirinko Participated in Cleveland Public Radio’s The Sound of Ideas, a daily one-hour radio program with three guest experts answering questions from the moderator and responding to questions called-in by the audience. The program was entitled Are Corporate Tax Breaks Worth It?

July 2008

Professor Lan Zhang presented "Volatility estimation when trade times and returns are dependent", an invited seminar at the Oxford-Man Institute, Oxford University, UK..

June 2008

Professor Gib Bassett presented, "Diversification when there are Fat-tailed Distributions", at FERM, June 2008, Shanghai.

Professor Hefei Wang presented "Leverage Management", with Darrell Duffie and Chenyang Wang, at the FERM 2008 in Shanghai, China

May 2008

Professor Bob Chirinko presented “The Irreversibility Premium,” at The Economics of Imperfect Markets: Their Interaction and the Consequences for Economic Theory and Policy Conference sponsored by The Sapienza University of Rome, the Tor Vergata University of Rome, the University of Urbino “Carlo Bo”, and the Catholic University of Piacenza, in Rome, Italy.

Professor Bob Chirinko presented “Tax Competition Among U.S. States: Racing to the Bottom or Riding on a Seesaw?,” at the University of Bergamo.

Professor Bob Chirinko presented“Stock Market Misvaluation and Capital Misallocation: A Revealed Preference Approach,” at Banque de France.

April 2008

Professor Bob Chirinko presented “Tax Competition Among U.S. States: Racing to the Bottom or Riding on a Seesaw?,” at Center For Economic Studies and Ifo Institute Conference, CESifo Area Conference On Public Sector Economics.

March 2008

Professor Lan Zhang presented "Microstructure noise and the hidden semimartingale model", an invited seminar at the Department of Finance, University College Dublin, Ireland.

February 2008

Professor Lan Zhang presented an invited seminar at the Department of Finance, Hong Kong University of Science and Technology, Hong Kong.

Professor Bob Chirinko presented "Fundamentals, Misvaluation, and Investment: The Real Story," at Loyola University.

Professor Bob Chirinko presented "Tax Competition among U.S. States: Racing to the Bottom or Riding on a Seesaw?," at Baylor University.

January 2008

Professor Lan Zhang presented an invited seminar at the School of Operations Research and Information Engineering, Cornell University.

Professor Bob Chirinko presented "Tax Competition among U.S. States: Racing to the Bottom or Riding on a Seesaw?," at the American Economic Association, New Orleans, Louisiana.

Professor Bob Chirinko presented “Social Value of Public Information? Testing the Limits of Transparency,” at the North American Economic & Finance Association, New Orleans, Louisiana.

December 2007

The UIC Finance Department Hosted a Conference in Honor of Stan Pliska for more information visit the conference page.

November 2007

Professor Bob Chirinko presented "Tax Competition among U.S. States: Racing to the Bottom or Riding on a Seesaw?," at the National Tax Association, Columbus, Ohio.

October 2007

Professor BobChirinko presented "Fundamentals, Misvaluation, and Investment: The Real Story," at the University of Illinois at Chicago.

September 2007

Professor Bob Chirinko presented "Tax Competition and Capital Mobility: Evidence from the U.S. States," to the Federal Reserve System, Committee on Regional Analysis.

August 2007

Professor Hsiu-lang Chen presented "Closing and Cloning in Mutual Funds", co-authored with Xiaoqing Hu and Sheldon Gao, at the European Finance Association annual conference in Ljubljana, Slovenia, August 22-25, 2007.

Professor Lan Zhang was invited to deliver a talk on "Locally Parametric Inference in High Frequency Data", at International Statistical Institute 2007, Lisboa, Portugal, August 22-29, 2007.

July 2007

Professor Hefei Wang presented "Staged-Financing Contracts with Accounting Fraud" at the 2007 China International Conference in Finance in Chengdu, China.

Professor Jaeyoung Sung presented "Hierarchical Contract, Firm Size, and Pay Sensitivity," at the 2007 China International Conference in Finance in Chengdu, China.

May 2007

Professor Lan Zhang presented "Microstructure Noise and the Hidden Semimartingale Model", at the Department of Finance and Management Science, Norwegian School of Economics and Business Administration. Bergen, Norway, May 2007.

Professor Hefei Wang presented joint work with Somnath Das, "Pooling the Good and the Bad: a Re-examination of Underwriter Analyst Recommendations" in Lisbon at the 30th annual European Accounting Association Congress.

Professor Lan Zhang presented "Microstructure Noise and the Hidden Semimartingale Model", in a joint seminar at the Department of Finance, and Department of Statistics, London School of Economics. London, UK, May 2007.

Professor Lan Zhang has been invited to present at the, Seminaire Europeen de Statistique 2007, Caragena, Spain, May 6 - 12, 2007. The presentations are organized by the European Mathematical Society together with the European Regional Committee of the Bernoulli Society.

Students Receive Scholarships from Security Traders Association

January 2007

Professor Zhongyang Chen, Renmin University, who was a visiting scholar in the Department in the Fall semester was interviewed about financial conditions in China in the January 8, 2007 China Financial News, which is the leading outlet for financial news in China.

September 2006

Professor Oleg Bonderenko presented, Market Price of Variance Risk and Performance of Hedge Funds, at the CQA meeting, September 14, 2006 in Chicago.

August 2006

Dr. Zhongyang Chen will be visiting the Department during the Fall semester. Dr. Chen visits from Renmin University, Beijing, China where he is an Associate Professor and Director of the Department of Applied Finance. He is also the Founder and Director of Financial Risk Management Studio (FRMS) of the China Financial Policy Research Center. He will teaching MBA 590, Doing Business in China, and FIN 594 Chinese Financial Institutions. His office is 2416UH.

Professor Lan Zhang will present "Estimating covariation: Epps effect, microstructure noise" at the Bachelier Finance Society 2006 Fourth World Congress, Tokyo, Japan, August 17-20, 2006.

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