SI 2020 Corporate Finance
Organized by Antoinette Schoar and Amir Sufi
July 6-15, 2020
on Zoom.us
Monday, July 6
Liquidity Provision and Financial Stability
12:00 pm

Micro-evidence from a System-wide Financial Meltdown: The German Crisis of 1931 (slides)

Kristian Blickle, Federal Reserve Bank of New York
Markus K. Brunnermeier, Princeton University and NBER
Stephan Luck, Federal Reserve Bank of New York

Discussant:
Rajkamal Iyer, Imperial College London (slides)
12:50 pm

Bank Debt versus Mutual Fund Equity in Liquidity Provision (slides)

Yiming Ma, Columbia University and NBER
Kairong Xiao, Columbia University and NBER
Yao Zeng, University of Pennsylvania and NBER

Discussant:
Itay Goldstein, University of Pennsylvania and NBER (slides)
1:40 pm
Break
Credit Market Disruptions
2:00 pm

High-Speed Internet, Financial Technology and Banking (slides)

Angelo D'Andrea, Banca d'Italia
Nicola Limodio, Bocconi University

Discussant:
Laura Blattner, Stanford University (slides)
2:50 pm

Product Innovation and Credit Market Disruptions (slides)

João Granja, University of Chicago
Sara Moreira, Northwestern University and NBER

Discussant:
Philipp Schnabl, New York University and NBER (slides)
3:45 pm
Adjourn
Tuesday, July 7
Household Debt
12:00 pm

The Saving Glut of the Rich and the Rise in Household Debt (slides)

Atif R. Mian, Princeton University and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER

Discussant:
Benjamin M. Hébert, Stanford University and NBER (slides)
12:50 pm

The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market (slides)

Manuel Adelino, Duke University and NBER
William B. McCartney, University of Virginia
Antoinette Schoar, Massachusetts Institute of Technology and NBER

Discussant:
Claudia Robles Garcia
1:40 pm
Break
Investment and Returns
2:00 pm

The Gender Gap in Housing Returns (slides)

Paul Goldsmith-Pinkham, Yale University and NBER
Kelly Shue, Yale University and NBER

Discussant:
Francesco D’Acunto, Georgetown University
2:50 pm

Human Interactions and Financial Investment: A Video-Based Approach (slides)

Allen Hu, University of British Columbia
Song Ma, Yale University and NBER

Discussant:
Sabrina T. Howell, Harvard University and NBER
3:45 pm
Adjourn
Tuesday, July 14
Joint with the Risks of Financial Institutions group
12:00 pm

Does Increasing Formal Credit Access Reduce Payday Borrowing? (slides)

Sarah Miller, University of Michigan and NBER
Cindy Soo, University of Michigan

Discussant:
Christopher Palmer, Massachusetts Institute of Technology and NBER (slides)
12:50 pm

Mortgage Amortization and Wealth Accumulation (slides)

Asaf Bernstein, University of Colorado Boulder and NBER
Peter Koudijs, New York University

Discussant:
Anthony A. DeFusco, University of Wisconsin - Madison and NBER
1:40 pm
Break
2:00 pm

Rents and Intangible Capital: a Q+ Framework (slides)

Nicolas Crouzet, Northwestern University
Janice C. Eberly, Northwestern University and NBER

Discussant:
David Sraer, University of California, Berkeley and NBER (slides)
2:50 pm

The Decline of Secured Debt (slides)

Efraim Benmelech, Northwestern University and NBER
Nitish Kumar, University of Florida
Raghuram Rajan, University of Chicago and NBER

Discussant:
Philip Strahan, Boston College and NBER
3:45 pm
Adjourn
Wednesday, July 15
12:00 pm

The Market for CEOs (slides)

Peter Cziraki, Texas A&M University
Dirk Jenter, London School of Economics and Political Science (LSE)

Discussant:
Maria Guadalupe, INSEAD
12:50 pm

Are Judges Like Umpires? Political Affiliation and Corporate Prosecutions (slides)

Todd Gormley, Washington University in St. Louis and NBER
Mahsa S. Kaviani, University of Delaware
Hosein Maleki, Florida State University

Discussant:
Will S. Dobbie, Harvard University and NBER (slides)
1:40 pm
Break
2:00 pm

How do Private Equity Fees Vary Across Public Pensions? (slides)

Juliane Begenau, Stanford University and NBER
Emil Siriwardane, Harvard University and NBER

Discussant:
Yael Hochberg, Rice University and NBER
2:50 pm

Sorting Out the Real Effects of Credit Supply (slides)

Briana Chang, Hong Kong University of Science and Technology (HKUST)
Matthieu Gomez, Columbia University
Harrison Hong, Columbia University and NBER

Discussant:
Samuel Hanson, Harvard University and NBER (slides)
3:45 pm
Adjourn