SI 2022 Corporate Finance
Organized by Antoinette Schoar and Amir Sufi
July 11-12, 2022
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA and zoom.us
Monday, July 11
10:30 am
Introductions
10:40 am

The Market For CEOs: Evidence From Private Equity

Paul Gompers, Harvard University and NBER
Steven N. Kaplan, University of Chicago and NBER
Vladimir Mukharlyamov, Georgetown University

Discussant:
John Graham, Duke University and NBER
11:30 am

Eclipse of Rent-Sharing: The Effects of Managers’ Business Education on Wages and the Labor Share in the US and Denmark

Daron Acemoglu, Massachusetts Institute of Technology and NBER
Alex X. He, University of Maryland, College Park
Daniel le Maire, University of Copenhagen

Discussant:
Francisco Perez-Gonzalez, Instituto Tecnológico Autónomo de México (ITAM) and NBER
12:20 pm
Lunch
1:30 pm

Sovereign Bond Restructuring

Jason R. Donaldson, Washington University in St. Louis
Lukas Kremens, University of Washington
Giorgia Piacentino, University of Southern California and NBER

Discussant:
Wenxin Du, Harvard University and NBER
2:20 pm
Break
2:50 pm

Mavericks, Universal, and Common Owners ­ The Largest Shareholders of US Public Firms

Amir Amel-Zadeh, University of Oxford
Fiona Kasperk, University of Oxford
Martin C. Schmalz, University of Oxford

Discussant:
Todd A. Gormley, Washington University in St. Louis and NBER
3:40 pm

Creating Controversy in Proxy Voting Advice (slides)

Andrey Malenko, Boston College
Nadya Malenko, Boston College and NBER
Chester S. Spatt, Carnegie Mellon University and NBER

Discussant:
Vicente Cuñat, The London School of Economics
4:30 pm
Adjourn
Tuesday, July 12
8:30 am
Coffee and Pastries
9:10 am

Strategic Learning and Corporate Investment (slides)

Paul Décaire, Arizona State University
Michael D. Wittry, The Ohio State Univeristy

Discussant:
Barney Hartman-Glaser, University of California, Los Angeles
10:00 am
Break
10:30 am

Credit Risk and the Life Cycle of Callable Bonds: Implications for Real Corporate Decisions (slides)

Bo Becker, Stockholm School of Economics
Murillo Campello, University of Florida and NBER
Viktor Thell, Stockholm School of Economics
Dong Yan, Rotterdam School of Management, Erasmus University & CEPR

Discussant:
Gregory Duffee, Johns Hopkins University
11:20 am

Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies

Ishita Sen, Harvard University
Ana-Maria Tenekedjieva, Arizona State University
Sangmin Oh, Columbia University

Discussant:
Motohiro Yogo, Princeton University and NBER
12:10 pm
Lunch
Joint session with the Risks of Financial Institutions group
1:10 pm

Open Banking: Credit Market Competition When Borrowers Own the Data (slides)

Zhiguo He, Stanford University and NBER
Jing Huang, Texas A&M University
Jidong Zhou, Yale University

Discussant:
Marcus Opp, Stockholm School of Economics (slides)
2:00 pm

Customer Data Access and Fintech Entry: Early Evidence from Open Banking

Tania Babina, University of Maryland, College Park and NBER
Greg Buchak, Stanford University and NBER
Will Gornall, University of British Columbia

Discussant:
Theresa Kuchler, New York University and NBER
2:50 pm
Break
3:20 pm

Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels

Viral V. Acharya, New York University and NBER
Ryan Banerjee, Bank for International Settlements
Matteo Crosignani, Federal Reserve Bank of New York
Tim Eisert, Nova School of Business and Economics
Renée Spigt, Erasmus University Rotterdam

Discussant:
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
4:10 pm

Bank Funding Risk, Reference Rates, and Credit Supply (slides)

Darrell Duffie, Stanford University and NBER
Harry R. Cooperman, Federal Reserve Bank of New York
Stephan Luck, Federal Reserve Bank of New York
Zachry Z. Wang, Stanford University
David Yang, University of Minnesota Twin Cities

Discussant:
Anil K Kashyap, University of Chicago and NBER
5:00 pm
Adjourn