SI 2020 Corporate Finance

Antoinette Schoar and Amir Sufi, Organizers

July 6-15, 2020

Meeting on July 6, 7, 14 and 15 only

on Zoom.us

Conference Code of Conduct

Monday, July 6
Liquidity Provision and Financial Stability
12:00 pm
Kristian Blickle, Federal Reserve Bank of New York
Markus K. Brunnermeier, Princeton University and NBER
Stephan Luck, Federal Reserve Bank of New York

Micro-evidence from a System-wide Financial Meltdown: The German Crisis of 1931 (slides)
Discussant: Rajkamal Iyer, Imperial College London (slides)
12:50 pm
Yiming Ma, Columbia University
Kairong Xiao, Columbia University and NBER
Yao Zeng, University of Pennsylvania

Bank Debt versus Mutual Fund Equity in Liquidity Provision (slides)
Discussant: Itay Goldstein, University of Pennsylvania and NBER (slides)
1:40 pm
Break
Credit Market Disruptions
2:00 pm
Angelo D'Andrea, Bank of Italy
Nicola Limodio, Bocconi University

High-Speed Internet, Financial Technology and Banking (slides)
Discussant: Laura Blattner, Stanford University (slides)
2:50 pm
João Granja, University of Chicago
Sara Moreira, Northwestern University and NBER

Product Innovation and Credit Market Disruptions (slides)
Discussant: Philipp Schnabl, New York University and NBER (slides)
3:45 pm
Adjourn
Tuesday, July 7
Household Debt
12:00 pm
Atif R. Mian, Princeton University and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER

The Saving Glut of the Rich and the Rise in Household Debt (slides)
Discussant: Benjamin M. Hébert, Stanford University and NBER (slides)
12:50 pm
Manuel Adelino, Duke University and NBER
William B. McCartney, University of Virginia
Antoinette Schoar, Massachusetts Institute of Technology and NBER

The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market (slides)
Discussant: Claudia Robles Garcia, Stanford University
1:40 pm
Break
Investment and Returns
2:00 pm
Paul Goldsmith-Pinkham, Yale University and NBER
Kelly Shue, Yale University and NBER

The Gender Gap in Housing Returns (slides)
Discussant: Francesco D’Acunto, Georgetown University
2:50 pm
Allen Hu, University of British Columbia
Song Ma, Yale University and NBER

Human Interactions and Financial Investment: A Video-Based Approach (slides)
Discussant: Sabrina T. Howell, New York University and NBER
3:45 pm
Adjourn
Tuesday, July 14
Joint with the Risks of Financial Institutions group
12:00 pm
Sarah Miller, University of Michigan and NBER
Cindy Soo, University of Michigan

Does Increasing Formal Credit Access Reduce Payday Borrowing? (slides)
Discussant: Christopher Palmer, Massachusetts Institute of Technology and NBER (slides)
12:50 pm
Asaf Bernstein, University of Colorado Boulder and NBER
Peter Koudijs, University of Rotterdam

Mortgage Amortization and Wealth Accumulation (slides)
Discussant: Anthony A. DeFusco, University of Wisconsin-Madison and NBER
1:40 pm
Break
2:00 pm
Nicolas Crouzet, Northwestern University
Janice C. Eberly, Northwestern University and NBER

Rents and Intangible Capital: a Q+ Framework (slides)
Discussant: David Sraer, University of California, Berkeley and NBER (slides)
2:50 pm
Efraim Benmelech, Northwestern University and NBER
Nitish Kumar, University of Florida
Raghuram Rajan, University of Chicago and NBER

The Decline of Secured Debt (slides)
Discussant: Philip Strahan, Boston College and NBER
3:45 pm
Adjourn
Wednesday, July 15
12:00 pm
Peter Cziraki, Texas A&M University
Dirk Jenter, London School of Economics

The Market for CEOs (slides)
Discussant: Maria Guadalupe, INSEAD
12:50 pm
Todd Gormley, Washington University in St. Louis and NBER
Mahsa S. Kaviani, University of Delaware
Hosein Maleki, Florida State University

Are Judges Like Umpires? Political Affiliation and Corporate Prosecutions (slides)
Discussant: Will S. Dobbie, Harvard University and NBER (slides)
1:40 pm
Break
2:00 pm
Juliane Begenau, Stanford University and NBER
Emil Siriwardane, Harvard University and NBER

How do Private Equity Fees Vary Across Public Pensions? (slides)
Discussant: Yael Hochberg, Rice University and NBER
2:50 pm
Briana Chang, University of Wisconsin-Madison
Matthieu Gomez, Columbia University
Harrison Hong, Columbia University and NBER

Sorting Out the Real Effects of Credit Supply (slides)
Discussant: Samuel Hanson, Harvard University and NBER (slides)
3:45 pm
Adjourn