Monday, July 9
Corporate Governance
10:20 am

Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests

Wei Jiang, Emory University and NBER
Alon Brav, Duke University and NBER
Tao Li, University of Florida

Discussant:
Dirk Jenter, London School of Economics
11:10 am

Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives

Erik P. Gilje, University of Pennsylvania
Todd Gormley, Washington University in St Louis and NBER
Doron Y. Levit, University of Washington

Discussant:
Nancy L. Rose, Massachusetts Institute of Technology and NBER
12:00 pm
Lunch
Corporate Taxes
1:00 pm

Optimal Corporate Taxation Under Financial Frictions

Benjamin Hébert, Stanford University and NBER
Eduardo Dávila, Yale University and NBER

Discussant:
S. Vish Viswanathan, Duke University and NBER
1:50 pm

The Missing Profits of Nations

Thomas R. Tørsløv, University of Copenhagen
Ludvig S. Wier, University of Copenhagen
Gabriel Zucman, University of California, Berkeley and NBER

Discussant:
C. Fritz Foley, Harvard University
2:40 pm
Break
Asymentric Information
3:10 pm

Asymmetric Information and Security Design under Knightian Uncertainty

Andrey Malenko, Boston College
Anton Tsoy, University of Toronto

Discussant:
Lucy White, Boston University
4:00 pm

The Equilibrium Effects of Asymmetric Information: Evidence from Consumer Credit Markets

Andres Liberman, New York University
Christopher Neilson, Yale University and NBER
Luis Aniba. Opazo, Chilean Banking Association
Seth D. Zimmerman, Yale University and NBER

Discussant:
Amir Kermani, University of California, Berkeley and NBER
4:50 pm
Adjourn
Tuesday, July 10
8:15 am
Coffee and Pastries
International Corporate Finance
8:45am

"Brexit" and the Contraction of Syndicated Lending

Tobias Berg, Goethe University Frankfurt
Anthony Saunders, New York University
Larissa Schaefer, Frankfurt School of Finance and Management
Sascha Steffen

Discussant:
Victoria Ivashina, Harvard University and NBER
9:35 am

Corruption, Government Subsidies, and Innovation: Evidence from China

Lily Fang, INSEAD
Josh Lerner, Harvard University and NBER
Chaopeng Wu, Xiamen University
Qi Zhang, Xiamen University

Discussant:
Luigi Zingales, University of Chicago and NBER
10:25 am
Break
10:55 am

China's Anti-Corruption Campaign and Credit Reallocation from SOEs to Non-SOEs

Bo Li, Tsinghua University
Zhengwei Wang, Tsinghua University
Hao Zhou, Tsinghua University

Discussant:
TBA
11:45 am
Lunch
Financial Intermediation
afternoon session is joint with Risks of Financial Institutions
12:45 pm

Judging Banks’ Risk by the Profits They Report

Ben S. Meiselman, Department of the Treasury
Stefan Nagel, University of Chicago and NBER
Amiyatosh Purnanandam, University of Michigan

Discussant:
David Sraer, University of California, Berkeley and NBER
1:35 pm

Do Banks have an Edge?

Juliane Begenau, Stanford University and NBER
Erik Stafford, Harvard University

Discussant:
Itamar Drechsler, University of Pennsylvania and NBER
2:25 pm
Break
2:40 pm

Dressing up for the Regulators: Evidence from the Largest-Ever Supervisory Review

Puriya Abbassi, Deutsche Bundesbank
Rajkamal Iyer, Imperial College London
José-Luis Peydró, Universitat Pompeu Fabra
Paul Soto, Federal Reserve Board of Governors

Discussant:
Jeremy C. Stein, Harvard University and NBER
3:30 pm

The Anatomy of the Transmission of Macroprudential Policies

Viral V. Acharya, New York University and NBER
Katharina Bergant, International Monetary Fund
Matteo Crosignani, Federal Reserve Bank of New York
Tim Eisert, Nova School of Business and Economics
Fergal J. McCann, Central Bank of Ireland

Discussant:
Adam Guren, Boston University and NBER
4:20 pm
Adjourn
The Feldstein Lecture follows at 4:30 in the West Tower Ballroom