SI 2021 Corporate Finance
Organized by Antoinette Schoar and Amir Sufi
July 12-13, 2021
on Zoom.us
Monday, July 12
FORMAT: presenters - 20 minutes, discussants - 15 minutes, general Q&A - 15 minutes
11:00 am

Two Tales of Debt

Amir Kermani, University of California, Berkeley and NBER
Yueran Ma, University of Chicago and NBER

Discussant:
Giorgia Piacentino, University of Southern California and NBER
11:50 am

The Sensitivity of SME’s Investment and Employment to the Cost of Debt Financing

Claudia Custodio, Imperial College London
Diana Bonfim, Banco de Portugal
Clara Raposo, ISEG Lisbon School of Economics and Management

Discussant:
Ṣebnem Kalemli-Özcan, Brown University and NBER
12:40 pm
Break
1:30 pm

Leverage Dynamics and Financial Flexibility

Patrick Bolton, Columbia University
Neng Wang, Cheung Kong Graduate School of Business
Jinqiang Yang, Shanghai University of Finance and Economics

Discussant:
Peter M. DeMarzo, Stanford University and NBER
2:20 pm

An Economic View of Corporate Social Impact

Hunt Allcott, Stanford University and NBER
Giovanni Montanari, New York University
Brandon Joel Tan, International Monetary Fund

Discussant:
Harrison Hong, Columbia University and NBER
3:10 pm
Break
3:40 pm

The Cost of Consumer Collateral: Evidence from Bunching

Benjamin L. Collier, Temple University
Cameron Ellis, University of Iowa
Benjamin J. Keys, University of Pennsylvania and NBER

Discussant:
Andreas Fuster, EPFL and Swiss Finance Institute
4:30 pm

How Costly Is Noise? Data and Disparities in Consumer Credit

Laura Blattner, Stanford University
Scott T. Nelson, University of Chicago

Discussant:
Nancy E. Wallace, University of California, Berkeley
5:20 pm
Adjourn
Tuesday, July 13
FORMAT: presenters - 20 minutes, discussants - 15 minutes, general Q&A - 15 minutes
11:00 am

The Distribution of Voting Rights to Shareholders

Vyacheslav Fos, Boston College and NBER
Clifford Holderness, Boston College

Discussant:
Reena Aggarwal, Georgetown University
11:50 am

The Rise of Dual-Class Stock IPOs

Dhruv Aggarwal, Yale University
Ofer Eldar, University of California, Berkeley
Yael Hochberg, Rice University and NBER
Lubomir Litov, University of Oklahoma

Discussant:
Per Stromberg, Stockholm School of Economics
12:40 pm
Break
JOINT WITH Risks of Financial Institutions
1:30 pm

SPACs

Minmo Gahng, Cornell University
Jay Ritter, University of Florida
Donghang Zhang, University of South Carolina - Columbia

Discussant:
S. P. Kothari, Massachusetts Institute of Technology (slides)
2:20 pm

Leverage Limits in Good and Bad Times

Cynthia Balloch, London School of Economics and Political Science (LSE)
Juanita Gonzalez-Uribe, London School of Economics and Political Science (LSE)

Discussant:
Isil Erel, The Ohio State University and NBER
3:10 pm
Break
3:40 pm

Trade Credit and the Transmission of Unconventional Monetary Policy

Manuel Adelino, Duke University and NBER
Miguel A. Ferreira, Nova School of Business and Economics
Mariassunta Giannetti, Stockholm School of Economics
Pedro Pires, Nova School of Business and Economics

Discussant:
Luc Laeven, European Central Bank
4:30 pm

Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum

Thomas Philippon, New York University and NBER
Olivier Wang, New York University

Discussant:
Jeremy C. Stein, Harvard University and NBER
5:20 pm
Adjourn