Corporate Finance Program Meeting
Organized by Zhiguo He and Christopher Palmer
November 6, 2026
Stanford University Graduate School of Business, Knight Management Center, 655 Knight Way, Oberndorf Center, Stanford, CA
Format: 20 minutes for presenters, 15 minutes for discussants, and 10 minutes for Q&A
Thursday, November 5
6:00 pm
Reception and Group Dinner - Vidalakis Dining Room
Friday, November 6
8:00 am
Continental Breakfast
Monetary Policy and Investment
8:30 am

Sticky Discount Rates

Masao Fukui, Boston University and NBER
Niels Joachim Gormsen, The University of Chicago and NBER
Kilian Huber, The University of Chicago and NBER

Discussant:
TBA
9:15 am
Break
9:30 am

Pre-Trends Ahead of Monetary Policy Surprises: Recovering the Response of Corporate Investment

Antoine Hubert de Fraisse, London School of Economics
Peter Maxted, University of California, Berkeley
Kunal Sangani, Columbia University and NBER
David Sraer, University of California, Berkeley and NBER

Discussant:
TBA
10:15 am
Break
LLM/AI Methods in Corporate Finance
10:30 am

Putting Marginal Back in Tobin's q

Allen Hu, University of British Columbia
Song Ma, Yale University and NBER

Discussant:
Toni Whited, University of Michigan and NBER
11:15 am
Break
11:30 am

Measuring Corporate Governance from the Source: Language Models and the Full Proxy Corpus

Andrew Charles Baker, University of California, Berkeley
Paul Goldsmith-Pinkham, Yale University and NBER

Discussant:
TBA
12:15 pm
Lunch - Vidalakis Dining Room
Banks and Non-Banks
1:30 pm

The Declining Role of Deposits in Credit Creation

Naz Koont, Stanford University
Stefan Walz, Boston College

Discussant:
TBA
2:15 pm
Break
2:30 pm

Credit Commitments by Nonbanks

Jing Huang, Texas A&M University
David X. Xu, Southern Methodist University

Discussant:
Olivier Darmouni, HEC Paris
3:15 pm
Break
Venture Capital and Debt Maturity
3:30 pm

Retail Capital as a Stepping Stone in Venture Capital: Theory and Empirics

Ran Xing, Baruch College of the City University of New York
Shane Miller, University of Michigan
Emmanuel Yimfor, Columbia University
Ye Zhang, Stockholm School of Economics

Discussant:
TBA
4:15 pm
Break
4:30 pm

The Cost of Maturity: Do Firms Overpay for Long-Term Debt?

Henri Servaes, London Business School
Dian Xu, London Business School

Discussant:
TBA
5:15 pm
Adjourn