SI 2019 Corporate Finance
Organized by Antoinette Schoar and Amir Sufi
July 8-9, 2019
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA
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, Federal Reserve Bank of Atlanta

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, Seoul National 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, Harvard 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, Northwestern University
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 and NBER
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, 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, Banco de España

Discussant:
Daniel Paravisini, London School of Economics and Political Science (LSE)
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