SI 2015 Corporate Finance
Organized by Malcolm Baker, Adi Sunderam, and Antoinette Schoar
Supported by the NASDAQ OMX Education Foundation
July 6-7, 2015
Royal Sonesta Hotel

Monday, July 6

10:00 am

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

John Bai, Northeastern University
Daniel Carvalho, Indiana University
Gordon M. Phillips, Dartmouth College and NBER

10:50 am

Assortative Matching in Managerial Labor Markets: Theory and Measurement

Egor V. Matveyev, Massachusetts Institute of Technology

1:00 pm

Deregulation, Competition and the Race to the Bottom

Marco Di Maggio, Imperial College London
Amir Kermani, University of California, Berkeley and NBER
Sanket A. Korgaonkar, University of Virginia

1:50 pm

Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs

David Lucca, Jane Street
Taylor D. Nadauld, Brigham Young University
Karen Shen, Johns Hopkins University

3:10 pm

The Deposits Channel of Monetary Policy

Itamar Drechsler, University of Pennsylvania and NBER
Alexi Savov, New York University and NBER
Philipp Schnabl, New York University and NBER

4:00 pm

Credit-Market Sentiment and the Business Cycle

David López-Salido, Federal Reserve Board of Governors
Jeremy C. Stein, Harvard University and NBER
Egon Zakrašjek, Federal Reserve Bank of Boston

Tuesday, July 7

9:00 am

Passive Investors, Not Passive Owners

Ian R. Appel, University of Virginia
Todd Gormley, Washington University in St. Louis and NBER
Donald Keim, University of Pennsylvania

9:50 am

The Deleveraging of U.S. Firms and Institutional Investors' Role

Roni Michaely, The University of Hong Kong (HKU)
Jillian A. Popadak, Emory University
Christopher Vincent, Cornell University

11:10 am

Corporate Governance and the Creation of the SEC

Arevik Avedian, Harvard University
Henrik Cronqvist, Chapman University
Marc D. Weidenmier, Chapman University and NBER

3;10 pm

Bad Times, Good Credit

Bo Becker, Stockholm School of Economics
Marieke Bos, Stockholm School of Economics
Kasper Roszbach, Norges Bank

1:00 pm

Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

Viral V. Acharya, New York University and NBER
Tim Eisert, Nova School of Business and Economics
Christian Eufinger, University of Navarra
Christian Hirsch, Goethe University Frankfurt

1:50 pm

The Stock Market and Bank Risk-Taking

Antonio Falato, Federal Reserve Board of Governors
David S. Scharfstein, Harvard University and NBER

4:00 pm

Pledgeability, Industry Liquidity, and Financing Cycles

Douglas W. Diamond, The University of Chicago and NBER
Yunzhi Hu, University of North Carolina at Chapel Hill
Raghuram Rajan, The University of Chicago and NBER