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Corporate Finance Workshop

Malcolm Baker and Gregor Matvos, Organizers


July 7-8, 2014


Ballroom A

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts





9:30 am

Coffee and Pastries







10:00 am

Mara Faccio, Purdue University
Jin Xu, Purdue University
Taxes, Capital Structure Choices, and Firm Value

Discussant: John Graham, Duke University and NBER



10:50 am

Michael Faulkender, University of Maryland
Jason Smith, Utah State University
Taxes and Leverage at Multinational Corporations

Discussant: Fritz Foley. Harvard University and NBER



11:40 am








1:00 pm

Heitor Almeida, University of Illinois at Urbana-Champaign and NBER
Igor Cunha, Nova School of Business and Economics
Miguel Ferreira, Nova School of Business and Economics
Felipe Restrepo, Boston College
The Real Effects of Credit Ratings: The Sovereign Ceiling Channel

Discussant: Victoria Ivashina, Harvard University and NBER



1:50 pm

Oliver G. Spalt, Tilburg University
Alberto Manconi,
Tilburg University

Elisabeth Kempf, Tilburg University
Distracted Shareholders and Corporate Actions

Discussant: Randy Cohen, Harvard University



2:40 pm





Public Policy



3:00 pm

Sheridan Titman, University of Texas, Austin and NBER
Johan Sulaeman, Southern Methodist University
Christopher A. Parsons, University of California at San Diego
Peer Effects and Corporate Corruption

Discussant: Ray Fisman, Columbia University and NBER



3:50 pm

Samuel Hanson, Harvard University and NBER
David S. Scharfstein, Harvard University and NBER
Ai Sunderam, Harvard University
Fiscal Risk and the Portfolio of Government Programs

Discussant: Thomas Philippon, New York University and NBER



4:40 pm




 6:00 pm

Group Dinner – Royal Sonesta Hotel, Ballroom B






8:30 am

Coffee and Pastries




Household Finance



9:00 am

Eduardo Davila, Harvard University
Using Elasticities to Derive Optimal Bankruptcy Policies

Discussant: Itay Goldstein, University of Pennsylvania



9:50 am

Bilal Zia, The World Bank
Gunhild Berg, The World Bank
Mainstreaming Finance: Financial Education through Entertainment Media

Discussant: Brigitte Madrian, Harvard University and NBER



10:40 am

Johan Hombert, HEC Paris
Antoinette Schoar, Massachusetts Institute of Technology and NBER
David Sraer, Princeton University and NBER
David Thesmar, HEC Paris
Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France

Discussant: Toby Moskowitz, University of Chicago and NBER



11:30 am





Financial Institutions
 (Joint with the Risks of Financial Institutions Working Group)



12:30  pm

Milton Harris, University of Chicago
Christian C. Opp, University of Pennsylvania
Marcus Opp, University of California at Berkeley
Macroprudential Bank Capital Regulation in a Competitive Financial System

Discussant: Jeremy Stein, Federal Reserve Board of Governors



1:20 pm

Markus Behn, Bonn Graduate School of Economics
Rainer Haselmann, Bonn Graduate School of Economics
Vikrant Vig, London Business School
The Limits of Model Based Regulation

Discussant: Johannes Stroebel, New York University



2:10 pm




2:30 pm

Ralph Koijen, London Business School
Motohiro Yogo, Federal Reserve Bank of Minneapolis
Shadow Insurance

Discussant: Andrew Metrick, Yale University and NBER



3:20 pm

Oliver D. Hart, Harvard University and NBER
Luigi Zingales, University of Chicago and NBER
Banks Are Where The Liquidity Is

Discussant: Rene Stulz, Ohio State University and NBER



4:10 pm