NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



ASSET PRICING PROGRAM MEETING



Jonathan Berk and Jun Pan, Organizer



November 5, 2004



NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM



THURSDAY, NOVEMBER 4, 2004



7:00 PM Legal Sea Foods

Kendall Square

5 Cambridge Center

Cambridge, MA 02139



FRIDAY, NOVEMBER 5, 2004



7:45 AM Shuttle Van from the Royal Sonesta to NBER



8:00 AM Shuttle Van from the Royal Sonesta to NBER



8:00 AM Continental Breakfast



8:30 AM MURRAY CARLSON, ADLAI FISHER, RON GIAMMARINO, University of British Columbia

Corporate Investment and Asset Price Dynamics:

Implications for SEO Event Studies and Long Run Performance



Discussant: LU ZHANG, University of Rochester



9:30 AM Break



9:45 AM LUBOS PASTOR and PIETRO VERONESI, University of Chicago and NBER

Was There a Nasdaq Bubble in the Late 1990s?



Discussant: LEONID KOGAN, MIT and NBER



10:45 AM ANDREW ANG, Columbia University and NBER

JUN LIU, UC, Los Angeles

Risk, Return and Dividends



Discussant: JOHN CAMPBELL, Harvard University and NBER



11:45 AM Lunch





12:45 PM LU ZHANG, University of Rochester

Anomalies



Discussant: JOHN COCHRANE, University of Chicago and NBER



1:45 PM Break



2:00 PM JORGEN HAUG, Norwegian School of Economics

JACOB SAGI, UC, Berkeley

Endogenous Regime Changes in the Real Term Structure of Interest Rates



Discussant: JOAO GOMES, University of Pennsylvania

3:00 PM RAVI JAGANNATHAN, Northwestern University and NBER

YONG WANG, Northwestern University

Consumption Risk and the Cost of Equity Capital



Discussant: SYDNEY LUDVIGSON, New York University and NBER



4:00 PM Adjourn



10/21/04