
	Monday, July 8
	Capital Structure
10:20 am	Firm Debt Covenants and the Macroeconomy: The Interest Coverage Channel Daniel Greenwald, New York University and NBER Discussant: Heitor Almeida, University of Illinois Urbana-Champaign and NBER
11:10 am	Higher Dividend Taxes, No Problem! Evidence from Taxing Entrepreneurs in France Charles Boissel, HEC-Paris Adrien Matray, Princeton University and NBER Discussant: Eric Zwick, University of Chicago and NBER
12:00 pm	Lunch
	Beliefs and Endowment Effects
1:00 pm	The Endowment Effect and Collateralized Loans Kevin Carney, University of Michigan Michael Kremer, University of Chicago and NBER Xinyue Lin, Harvard University Gautam Rao, University of California, Berkeley and NBER Discussant: Andres Liberman, New York University
1:50 pm	Partisan Professionals:Evidence from Credit Rating Analysts Elisabeth Kempf, Harvard University and NBER Margarita Tsoutsoura, Washington University in St. Louis and NBER Discussant: David Schoenherr, Princeton University
2:40 pm	Break
	Financial Distress
3:10 pm	How do Consumers Fare When Dealing with Debt Collectors? Evidence from Out-of-court Settlements Ing-Haw Cheng, University of Toronto Felipe Severino, Dartmouth College Richard Townsend, University of California, San Diego and NBER Discussant: Taylor D. Nadauld, Brigham Young University
4:00 pm	The Effect of Foreclosures on Homeowners, Tenants, and Landlords Rebecca Diamond, Stanford University and NBER Adam Guren, Boston University and NBER Rose Tan, Stanford University Discussant: Stijn Van Nieuwerburgh, Columbia University and NBER
4:50 pm	Adjourn
	Tuesday, July 9
8:30 am	Coffee and Pastries
	Governance and Bankruptcy
9:00 am	Investor Ideology Patrick Bolton, Columbia University Tao Li, University of Florida Enrichetta Ravina, Federal Reserve Bank of Chicago Howard Rosenthal, New York University Discussant: Nadya Malenko, Boston College and NBER
9:50 am	Break
10:20 am	The Economic Consequences of Bankruptcy Reform Tal Gross, Boston University and NBER Raymond Kluender, Harvard University Feng Liu, Consumer Financial Protection Bureau Matthew J. Notowidigdo, University of Chicago and NBER Jialan Wang, University of Illinois Urbana-Champaign and NBER Discussant: Amit Seru, Stanford University and NBER
11:10 am	Selling Innovation in Bankruptcy Song Ma, Yale University and NBER Joy Tianjiao Tong, Ivey Business School, Western University Wei Wang, Queens University Discussant: Ramana Nanda, Imperial College London
12:00 pm	Lunch
	Risk and Financial Intermediation
1:00 pm	A Dynamic Theory of Lending Standards Michael Fishman, Northwestern University Jonathan A. Parker, Massachusetts Institute of Technology and NBER Ludwig Straub, Harvard University and NBER Discussant: Robert Marquez, University of California at Davis
1:50 pm	Loan Types and the Bank Lending Channel Victoria Ivashina, Harvard University and NBER Luc Laeven, European Central Bank Enrique Moral-Benito, Bank of Spain Discussant: Daniel Paravisini, London School of Economics
2:40 pm	Break
3:10 pm	Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms Carlo Altavilla, European Central Bank Lorenzo Burlon, European Central Bank Mariassunta Giannetti, Stockholm School of Economics Sarah Holton, European Central Bank Discussant: Gabriel Chodorow-Reich, Harvard University and NBER
4:00 pm	On the Scale of Financial Intermediaries (slides) Tobias Adrian, International Monetary Fund Nina Boyarchenko, Federal Reserve Bank of New York Hyun Song Shin, Bank for International Settlements Discussant: David S. Scharfstein, Harvard University and NBER
4:50 pm	Adjourn

Participants

Manuel Adelino, Duke University and NBER
Ashwini Agrawal, London School of Economics
Kenneth R. Ahern, University of Southern California and NBER
Heitor Almeida, University of Illinois Urbana-Champaign and NBER
Ian R. Appel, University of Virginia
Sirio Aramonte, Bank for International Settlements
Ulf Axelson, London School of Economics
Şenay Ağca, George Washington University
Tania Babina, Columbia University and NBER
Scott R. Baker, Northwestern University and NBER
Lucian A. Bebchuk, Harvard University and NBER
Juliane Begenau, Stanford University and NBER
Matteo Benetton, University of California, Berkeley
Efraim Benmelech, Northwestern University and NBER
Shai Bernstein, Harvard University and NBER
John Beshears, Harvard University and NBER
Amar Bhide, Columbia University
Yaswant Bitra, Reserve Bank of India
Laura Blattner, Stanford University
Alon Brav, Duke University and NBER
Emily Breza, Harvard University and NBER
Markus K. Brunnermeier, Princeton University and NBER
Mike Burkart, London School of Economics and Political Science
Mark Carey, Office of Financial Research
Indraneel Chakraborty, University of Miami
Hui Chen, Massachusetts Institute of Technology and NBER
Ing-Haw Cheng, University of Toronto
Gabriel Chodorow-Reich, Harvard University and NBER
Shawn Cole, Harvard University and NBER
Emanuele Colonnelli, University of Chicago and NBER
Nicolas Crouzet, Northwestern University
Kent D. Daniel, Columbia University and NBER
Olivier Darmouni, Columbia University
Anthony A. DeFusco, University of Wisconsin-Madison and NBER
Peter M. DeMarzo, Stanford University and NBER
Douglas W. Diamond, University of Chicago and NBER
William F. Diamond, University of Pennsylvania
Jason R. Donaldson, Washington University in St Louis
Wenxin Du, Harvard University and NBER
Alexander Dyck, University of Toronto
Eduardo Dávila, Yale University and NBER
Mark L. Egan, Harvard University and NBER
Isil Erel, The Ohio State University and NBER
Joan Farre-Mensa, University of Illinois at Chicago
Michael Faulkender, University of Maryland
Mark Flannery, University of Florida
C. Fritz Foley, Harvard University
Kenneth R. French, Dartmouth College and NBER
Carola Frydman, Northwestern University and NBER
Xavier Gabaix, Harvard University and NBER
Mark Garmaise, University of California at Los Angeles
Shan Ge, New York University
Simon Gervais, Duke University
Mariassunta Giannetti, Stockholm School of Economics
Erik P. Gilje, University of Pennsylvania
Todd A. Gormley, Washington University in St. Louis and NBER
John Graham, Duke University and NBER
João Granja, University of Chicago
Daniel Green, Harvard University
Daniel Greenwald, New York University and NBER
Arpit Gupta, New York University
Adam Guren, Boston University and NBER
Dirk Hackbarth, Boston University
Samuel Hanson, Harvard University and NBER
Florian Heider, Goethe Universität Frankfurt
Kyle F. Herkenhoff, University of Minnesota and NBER
Bengt R. Holmström, Massachusetts Institute of Technology and NBER
Takeo Hoshi, University of Tokyo
Sabrina T. Howell, New York University and NBER
R. Glenn Hubbard, Columbia University
Benjamin M. Hébert, Stanford University and NBER
Victoria Ivashina, Harvard University and NBER
Benjamin Iverson, Brigham Young University
Jessica Jeffers, HEC Paris
Dirk Jenter, London School of Economics
Steven N. Kaplan, University of Chicago and NBER
Elisabeth Kempf, Harvard University and NBER
Raymond Kluender, Harvard University
Peter Koudijs, University of Rotterdam
Anna Kovner, Federal Reserve Bank of Richmond
Arvind Krishnamurthy, Stanford University and NBER
Randall S. Kroszner, University of Chicago and NBER
Camelia M. Kuhnen, University of North Carolina at Chapel Hill and NBER
Rafael La Porta, Brown University and NBER
Luc Laeven, European Central Bank
Owen Lamont, Acadian Asset Management
Augustin Landier, HEC Paris
Borja Larrain, Harvard University
Mark T. Leary, Washington University in St. Louis and NBER
Simone Lenzu, New York University
Josh Lerner, Harvard University and NBER
Stefan Lewellen, Pennsylvania State University
Tao Li, University of Florida
Andres Liberman, New York University
Jack Liebersohn, University of California Irvine
Florencio Lopez-de-Silanes, SKEMA Business School and NBER

Song Ma, Yale University and NBER
Yiming Ma, Columbia University
Yueran Ma, University of Chicago and NBER
Andrew MacKinlay, Virginia Tech
Igor Makarov, London School of Economics
Vojislav Maksimovic, University of Maryland
Andrey Malenko, Boston College
Nadya Malenko, Boston College and NBER
Robert Marquez, University of California at Davis
Adrien Matray, Princeton University and NBER
David A. Matsa, Northwestern University and NBER
Gregor Matvos, Northwestern University and NBER
Robert L. McDonald, Northwestern University and NBER
Timothy McQuade, University of California, Berkeley and NBER
Filippo Mezzanotti, Northwestern University and NBER
Konstantin Milbradt, Northwestern University and NBER
Bernadette Minton, The Ohio State University
John A. Mondragon, Federal Reserve Bank of San Francisco
Randall Morck, University of Alberta and NBER
Adair Morse, University of California, Berkeley and NBER
Justin Murfin, Cornell University
Taylor D. Nadauld, Brigham Young University
Ramana Nanda, Imperial College London
Scott T. Nelson, University of Chicago
Pascal J. Noel, University of Chicago and NBER
Toshiaki Ogawa, Bank of Japan
Marcus Opp, Stockholm School of Economics
Paige Ouimet, University of North Carolina at Chapel Hill
Darius Palia, Rutgers University
Christopher Palmer, Massachusetts Institute of Technology and NBER
Daniel Paravisini, London School of Economics
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
Cecilia Parlatore, New York University and NBER
Christopher A. Parsons, University of Washington
Francisco Perez-Gonzalez, Instituto Tecnológico Autónomo de México and NBER
Enrico C. Perotti, University of Amsterdam
Mitchell A. Petersen, Northwestern University and NBER
Thomas Philippon, New York University and NBER
Giorgia Piacentino, University of Southern California and NBER
Jacopo Ponticelli, Northwestern University and NBER
Raghuram Rajan, University of Chicago and NBER
Adriano A. Rampini, Duke University and NBER
Gautam Rao, University of California, Berkeley and NBER
S. Abraham (Avri) Ravid, Yeshiva University, Visiting Professor Yale School of Management
Enrichetta Ravina, Federal Reserve Bank of Chicago
Matthew Rhodes-Kropf, Massachusetts Institute of Technology
Michael R. Roberts, University of Pennsylvania and NBER
Claudia Robles Garcia, Stanford University
Hong Ru, Massachusetts Institute of Technology
Farzad Saidi, University of Bonn
Paola Sapienza, Stanford University and NBER
Natasha Sarin, Yale University
Alexi Savov, New York University and NBER
Martin C. Schmalz, University of Oxford
Philipp Schnabl, New York University and NBER
Antoinette Schoar, Massachusetts Institute of Technology and NBER
David Schoenherr, Princeton University
Michael Schwert, AQR Arbitrage
Berk Sensoy, Vanderbilt University
Amit Seru, Stanford University and NBER
Felipe Severino, Dartmouth College
Hyun Song Shin, Bank for International Settlements
Andrei Shleifer, Harvard University and NBER
Kelly Shue, Yale University and NBER
Elena Simintzi, University of North Carolina at Chapel Hill
Alp Simsek, Yale University and NBER
Emil Siriwardane, Harvard University and NBER
Chester S. Spatt, Carnegie Mellon University and NBER
Jeremy C. Stein, Harvard University and NBER
Philip Strahan, Boston College and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER
Adi Sunderam, Harvard University and NBER
Geoffrey Tate, University of Maryland and NBER
Anjan Thakor, Washington University in St. Louis
David Thesmar, Massachusetts Institute of Technology and NBER
Joy Tianjiao Tong, Ivey Business School, Western University
Heather Tookes, Yale University and NBER
Richard R. Townsend, University of California, San Diego and NBER
Margarita Tsoutsoura, Washington University in St. Louis and NBER
Boris Vallee, Harvard University
Stijn Van Nieuwerburgh, Columbia University and NBER
Emil Verner, Massachusetts Institute of Technology and NBER
S. Vish Viswanathan, Duke University and NBER
Jialan Wang, University of Illinois Urbana-Champaign and NBER
Shingo Watanabe, Bank of Japan
Michael S. Weisbach, The Ohio State University and NBER
Daniel Wolfenzon, Columbia University and NBER
Kairong Xiao, Columbia University and NBER
Chenzi Xu, University of California, Berkeley and NBER
Constantine Yannelis, University of Cambridge and NBER
Mao Ye, Cornell University and NBER
Bernard Yeung, National University of Singapore
Alexander K. Zentefis, Yale University
Luigi Zingales, University of Chicago and NBER
Eric Zwick, University of Chicago and NBER