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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Corporate Finance Program Meeting

Malcolm Baker, Organizer

November 2, 2012

Royal Sonesta Hotel
Riverfront Room
40 Edwin H. Land Boulevard
Cambridge, MA 02142

PROGRAM

Friday, November 2, 2012

8:00 am

Continental Breakfast

9:00 am

Carola Frydman, Boston University and NBER
Eric Hilt, Wellesley College and NBER
Lily Zhou, Federal Reserve Bank of New York
Economic Effects of Runs on Early `Shadow Banks': Trust Companies and the Impact of the Panic of 1907

Discussant:      Adi Sunderam, Harvard University

9:50 am

Sumit Agarwal, National University of Singapore
Itzhak Ben-David, Ohio State University
Vincent Yao, Fannie Mae
Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real-Estate Market

 

Discussant:      Efraim Benmelech, Northwestern University and NBER

10:40 am

Break

11:10 am

Kingsley Fong, University of New South Wales
Harrison Hong, Princeton University and NBER

Marcin Kacperczyk, New York University and NBER

Jeffrey Kubik,  Syracuse University

Do Security Analysts Discipline Credit Rating Agencies?

 

Anil Kashyap, University of Chicago and NBER

Natalia Kovrijnykh, Arizona State University

Who Should Pay for Credit Ratings and How?

Discussant:      Marcus Opp, University of California at Berkeley

12:30 pm

Lunch- Parkview Room

1:30 pm

Victoria Ivashina and David Scharfstein , Harvard University and NBER
Jeremy Stein, Federal Reserve Board
Dollar Funding and the Lending Behavior of Global Banks

Discussant:      Martin Oehmke, Columbia University

2:20 pm

Gregor Matvos, University of Chicago and NBER
Estimating the Benefits of Contractual Completeness

Discussant:      Toni Whited, University of Rochester

3:10 pm

Break

3:30 pm

Frederic Panier and Pablo Villanueva, Stanford University
Francisco Perez-Gonzalez, Stanford University and NBER

Capital Structure and Taxes: What Happens When You (Also) Subsidize Equity?

Discussant:      Florian Heider, European Central Bank

4:20 pm

Adjourn

6:30 pm

Dinner
Royal Sonesta Hotel
40 Edwin H. Land Boulevard
Cambridge, MA 02142

10/16/12