Corporate Finance Program Meeting

Giorgia Piacentino and Michael R. Roberts, Organizers

April 8, 2022

Chicago and on Zoom

Conference Code of Conduct

Friday, April 8
Small business and finance
Theory on social responsibility
Future of work
Format: 20 minutes for presenters, 15 minutes for discussants, and 10 minutes for Q&A
8:30 am
Continental Breakfast
Collateral
9:00 am
Guangqian Pan, the University of Sydney
Zheyao Pan, Macquarie University
Kairong Xiao, Columbia University and NBER

The Shadow Cost of Collateral
Discussant: David Sraer, University of California, Berkeley and NBER
9:45 am
Adriano A. Rampini, Duke University and NBER
S. Vish Viswanathan, Duke University and NBER

Collateral and Secured Debt
Discussant: Martin Oehmke, London School of Economics
10:30 am
Break
Bankruptcy
10:50 am
Kristoph Kleiner, Indiana University
Niklas Huether, Indiana University

Are Judges Randomly Assigned to Chapter 11 Bankruptcies? Not According to Hedge Funds (slides)
Discussant: Wei Jiang, Emory University and NBER
11:35 am
Samuel Antill, Harvard University

Are Bankruptcy Professional Fees Excessively High?
Discussant: Gregor Matvos, Northwestern University and NBER
12:20 pm
Lunch - King Arthur Court, 3rd floor
Firm Boundaries
1:20 pm
Gerard Hoberg, University of Southern California
Gordon M. Phillips, Dartmouth College and NBER

Scope, Scale and Concentration: The 21st Century Firm
Discussant: Chad Syverson, University of Chicago and NBER
2:05 pm
Raghuram Rajan, University of Chicago and NBER
Luigi Zingales, University of Chicago and NBER

What Purpose Do Corporations Purport? Evidence from Letters to Shareholders
Discussant: Bernard Black, Northwestern University
Credit Market Frictions
2:50 pm
Break
3:10 pm
Anthony A. DeFusco, University of Wisconsin-Madison and NBER
Huan Tang, University of Pennsylvania
Constantine Yannelis, University of Cambridge and NBER

Measuring the Welfare Cost of Asymmetric Information in Consumer Credit Markets
Discussant: José Ignacio Cuesta, Stanford University and NBER
3:55 pm
Sasha Indarte, University of Pennsylvania

Bad News Bankers: Underwriter Reputation and Contagion in Pre-1914 Sovereign Debt Markets
Discussant: Carola Frydman, Northwestern University and NBER
4:40 pm
Adjourn