Friday, April 8
Small business and finance
Theory on social responsibility
Future of work
Format: 20 minutes for presenters, 15 minutes for discussants, and 10 minutes for Q&A
8:30 am
Continental Breakfast
Collateral
9:00 am

The Shadow Cost of Collateral

Guangqian Pan, University of Sydney
Zheyao Pan, Macquarie University
Kairong Xiao, Columbia University and NBER

Discussant:
David Sraer, University of California, Berkeley and NBER
9:45 am

Collateral and Secured Debt

Adriano A. Rampini, Duke University and NBER
S. Vish Viswanathan, Duke University and NBER

Discussant:
Martin Oehmke, London School of Economics
10:30 am
Break
Bankruptcy
10:50 am

Are Judges Randomly Assigned to Chapter 11 Bankruptcies? Not According to Hedge Funds (slides)

Kristoph Kleiner, Indiana University
Niklas Huether, Indiana University

Discussant:
Wei Jiang, Emory University and NBER
11:35 am

Are Bankruptcy Professional Fees Excessively High?

Samuel Antill, Harvard University

Discussant:
Gregor Matvos, Northwestern University and NBER
12:20 pm
Lunch - King Arthur Court, 3rd floor
Firm Boundaries
1:20 pm

Scope, Scale and Concentration: The 21st Century Firm

Gerard Hoberg, University of Southern California
Gordon M. Phillips, Dartmouth College and NBER

Discussant:
Chad Syverson, University of Chicago and NBER
2:05 pm

What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Raghuram Rajan, University of Chicago and NBER
Luigi Zingales, University of Chicago and NBER

Discussant:
Bernard Black, Northwestern University
Credit Market Frictions
2:50 pm
Break
3:10 pm

Measuring the Welfare Cost of Asymmetric Information in Consumer Credit Markets

Anthony A. DeFusco, University of Wisconsin - Madison and NBER
Huan Tang, University of Pennsylvania
Constantine Yannelis, University of Cambridge

Discussant:
José Ignacio Cuesta, Stanford University and NBER
3:55 pm

Bad News Bankers: Underwriter Reputation and Contagion in Pre-1914 Sovereign Debt Markets

Sasha Indarte, University of Pennsylvania

Discussant:
Carola Frydman, Northwestern University and NBER
4:40 pm
Adjourn