SI 2022 Corporate Finance

Antoinette Schoar and Amir Sufi, Organizers

July 11-12, 2022

Ballroom A

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA and zoom.us

Conference Code of Conduct

Monday, July 11
10:30 am
Introductions
10:40 am
Paul Gompers, Harvard University and NBER
Steven N. Kaplan, University of Chicago and NBER
Vladimir Mukharlyamov, Georgetown University

The Market For CEOs: Evidence From Private Equity
Discussant: John Graham, Duke University and NBER
11:30 am
Daron Acemoglu, Massachusetts Institute of Technology and NBER
Alex X. He, University of Maryland
Daniel le Maire, University of Copenhagen

Eclipse of Rent-Sharing: The Effects of Managers’ Business Education on Wages and the Labor Share in the US and Denmark
Discussant: Francisco Perez-Gonzalez, Instituto Tecnológico Autónomo de México and NBER
12:20 pm
Lunch
1:30 pm
Jason R. Donaldson, Washington University in St Louis
Lukas Kremens, University of Washington
Giorgia Piacentino, University of Southern California and NBER

Sovereign Bond Restructuring
Discussant: Wenxin Du, Columbia University and NBER
2:20 pm
Break
2:50 pm
Amir Amel-Zadeh, University of Oxford
Fiona Kasperk, University of Oxford
Martin C. Schmalz, University of Oxford

Mavericks, Universal, and Common Owners ­ The Largest Shareholders of US Public Firms
Discussant: Todd Gormley, Washington University in St. Louis and NBER
3:40 pm
Andrey Malenko, Boston College
Nadya Malenko, Boston College and NBER
Chester S. Spatt, Carnegie Mellon University and NBER

Creating Controversy in Proxy Voting Advice (slides)
Discussant: Vicente Cuñat, The London School of Economics
4:30 pm
Adjourn
Tuesday, July 12
8:30 am
Coffee and Pastries
9:10 am
Paul Décaire, Arizona State University
Michael D. Wittry, The Ohio State Univeristy

Strategic Learning and Corporate Investment (slides)
Discussant: Barney Hartman-Glaser, University of California at Los Angeles
10:00 am
Break
10:30 am
Bo Becker, Stockholm School of Economics
Murillo Campello, Cornell University and NBER
Viktor Thell, Stockholm School of Economics
Dong Yan, Rotterdam School of Management, Erasmus University & CEPR

Credit Risk and the Life Cycle of Callable Bonds: Implications for Real Corporate Decisions (slides)
Discussant: Gregory Duffee, Johns Hopkins University
11:20 am
Ishita Sen, Harvard University
Ana-Maria Tenekedjieva, Federal Reserve Board
Sangmin Oh, University of Chicago

Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies
Discussant: Motohiro Yogo, Princeton University and NBER
12:10 pm
Lunch
Joint session with the Risks of Financial Institutions group
1:10 pm
Zhiguo He, Stanford University and NBER
Jing Huang, Texas A&M University
Jidong Zhou, Yale University

Open Banking: Credit Market Competition When Borrowers Own the Data (slides)
Discussant: Marcus Opp, Stockholm School of Economics (slides)
2:00 pm
Tania Babina, Columbia University and NBER
Greg Buchak, Stanford University
Will Gornall, University of British Columbia

Customer Data Access and Fintech Entry: Early Evidence from Open Banking
Discussant: Theresa Kuchler, New York University and NBER
2:50 pm
Break
3:20 pm
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

Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Discussant: Annette Vissing-Jorgensen, Federal Reserve Board and NBER
4:10 pm
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, City University of Hong Kong

Bank Funding Risk, Reference Rates, and Credit Supply (slides)
Discussant: Anil K Kashyap, University of Chicago and NBER
5:00 pm
Adjourn