SI 2021 Corporate Finance

Antoinette Schoar and Amir Sufi, Organizers

July 12-13, 2021

on Zoom.us

Conference Code of Conduct

Monday, July 12
FORMAT: presenters - 20 minutes, discussants - 15 minutes, general Q&A - 15 minutes
11:00 am
Amir Kermani, University of California, Berkeley and NBER
Yueran Ma, University of Chicago and NBER

Two Tales of Debt
Discussant: Giorgia Piacentino, University of Southern California and NBER
11:50 am
Claudia Custodio, Imperial College London
Diana Bonfim, Banco de Portugal
Clara Raposo, ISEG Lisbon School of Economics and Management

The Sensitivity of SME’s Investment and Employment to the Cost of Debt Financing
Discussant: Ṣebnem Kalemli-Özcan, Brown University and NBER
12:40 pm
Break
1:30 pm
Patrick Bolton, Columbia University
Neng Wang, Cheung Kong Graduate School of Business
Jinqiang Yang, Shanghai University of Finance and Economics

Leverage Dynamics and Financial Flexibility
Discussant: Peter M. DeMarzo, Stanford University and NBER
2:20 pm
Hunt Allcott, Stanford University and NBER
Giovanni Montanari, New York University
Brandon Joel Tan, International Monetary Fund

An Economic View of Corporate Social Impact
Discussant: Harrison Hong, Columbia University and NBER
3:10 pm
Break
3:40 pm
Benjamin L. Collier, Temple University
Cameron Ellis, University of Iowa
Benjamin J. Keys, University of Pennsylvania and NBER

The Cost of Consumer Collateral: Evidence from Bunching
Discussant: Andreas Fuster, EPFL and Swiss Finance Institute
4:30 pm
Laura Blattner, Stanford University
Scott T. Nelson, University of Chicago

How Costly Is Noise? Data and Disparities in Consumer Credit
Discussant: Nancy E. Wallace, Haas School of Business, 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
Vyacheslav Fos, Boston College and NBER
Clifford Holderness, Boston College

The Distribution of Voting Rights to Shareholders
Discussant: Reena Aggarwal, Georgetown University
11:50 am
Dhruv Aggarwal, Yale University
Ofer Eldar, University of California, Berkeley
Yael Hochberg, Rice University and NBER
Lubomir Litov, University of Oklahoma

The Rise of Dual-Class Stock IPOs
Discussant: Per Stromberg, Stockholm School of Economics
12:40 pm
Break
JOINT WITH Risks of Financial Institutions
1:30 pm
Minmo Gahng, Cornell University
Jay Ritter, University of Florida
Donghang Zhang, University of South Carolina

SPACs
Discussant: S. P. Kothari, Massachusetts Institute of Technology (slides)
2:20 pm
Cynthia Balloch, London School of Economics
Juanita Gonzalez-Uribe, London School of Economics

Leverage Limits in Good and Bad Times
Discussant: Isil Erel, The Ohio State University and NBER
3:10 pm
Break
3:40 pm
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

Trade Credit and the Transmission of Unconventional Monetary Policy
Discussant: Luc Laeven, European Central Bank
4:30 pm
Thomas Philippon, New York University and NBER
Olivier Wang, New York University

Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum
Discussant: Jeremy C. Stein, Harvard University and NBER
5:20 pm
Adjourn