Harrison Hong, Stanford University and Jeremy Stein, MIT and NBER
"Forecasting Crashes: Trading Volume, Past Returns, and Conditional Skewness in Stock Prices"
     Discussant: Kent Daniel, Northwestern University and NBER

Narasimhan Jegadeesh, University of Illinois and Sheridan Titman, University of Texas and NBER
"Profitability of Momentum Strategies: An Evaluation of Alternative Explanations"
     Discussant: Werner De Bondt, University of Wisconsin

Malcom Baker, Harvard University and Jeffrey Wurgler, Yale University
"The Equity Share in New Issues and Aggregate Stock Returns"
     Discussant: Robert Shiller, Yale University and NBER

Shlomo Benartzi, UC, Los Angeles
"Why Do Employees Invest their Retirement Savings in Company Stock?"
     Discussant: Andrei Shleifer, Harvard University and NBER

Brad Barber and Terrance Odean, UC, Davis
"Online Investors: Do the Slow Die First?"
     Discussant: Kenneth French, MIT and NBER

Randall Morck, Harvard University; Bernard Yeung, University of Michigan; and Wayne Yu, Queens University
"The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Price Movements?"
     Discussant: Kenneth Froot, Harvard University and NBER

Sponsored by:
Russell Sage Foundation and National Bureau of Economic Research