SI 2023 Corporate Finance

Antoinette Schoar and Amir Sufi, Organizers

July 10-11, 2023

Ballroom A

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

Conference Code of Conduct

Monday, July 10
9:00 am
Coffee and Pastries
9:30 am
Introductions
9:40 am
Aleksandar Andonov, University of Amsterdam
Joshua Rauh, Stanford University and NBER

The Shifting Finance of Electricity Generation
Discussant: Steve Cicala, Tufts University and NBER
10:30 am
Michael Ewens, Columbia University and NBER
Denis Sosyura, Arizona State University

Irreplaceable Venture Capitalists
Discussant: Morten Sorensen, Dartmouth College and NBER
11:20 am
Break
11:40 am
Asaf Bernstein, University of Colorado Boulder and NBER
Carola Frydman, Northwestern University and NBER
Eric Hilt, Wellesley College and NBER

The Value of Ratings: Evidence from their Introduction in Securities Markets
Discussant: Michael R. Roberts, University of Pennsylvania and NBER
12:30 pm
Lunch
1:40 pm
Janet Gao, Georgetown University
Shan Ge, New York University
Lawrence Schmidt, Massachusetts Institute of Technology
Cristina Tello-Trillo, U.S. Census Bureau

How Do Health Insurance Costs Affect Firm Labor Composition and Technology Investment?
Discussant: David A. Matsa, Northwestern University and NBER
2:30 pm
Break
3:00 pm
Terry Moon, University of British Columbia
David Arnold, University of California, San Diego and NBER
Kevin S. Milligan, University of British Columbia and NBER
Amirhossein Tavakoli, University of British Columbia

Job Transitions and Employee Earnings After Acquisitions: Linking Corporate and Worker Outcomes
Discussant: Rebecca Zarutskie, Federal Reserve Board
3:50 pm
Joseph A. Kalmenovitz, University of Rochester
Siddharth Vij, University of Georgia
Kairong Xiao, Columbia University and NBER

Closing the Revolving Door
Discussant: Elisabeth Kempf, Harvard University and NBER
4:40 pm
Adjourn
Tuesday, July 11
8:30 am
Coffee and Pastries
9:10 am
Daniel Green, Harvard University
Boris Vallee, Harvard University

Can Finance Save the World? Measurement and Effects of Bank Coal Exit Policies
Discussant: Jonathan Karpoff, University of Washington
10:00 am
Philip Bond, University of Washington
Doron Y. Levit, University of Washington

ESG: A Panacea for Market Power?
Discussant: Andrey Malenko, Boston College
10:50 am
Break
11:19 am
Joint Session with Risks of Financial Institutions
11:20 am
Andrés P. Sarto, New York University
Olivier Wang, New York University

The Secular Decline in Interest Rates and the Rise of Shadow Banks
Discussant: Adi Sunderam, Harvard University and NBER
12:10 pm
Lunch
1:10 pm
Mitali Das, International Monetary Fund
Gita Gopinath, International Monetary Fund
Taehoon Kim, International Monetary Fund
Jeremy C. Stein, Harvard University and NBER

Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings
Discussant: Arvind Krishnamurthy, Stanford University and NBER (slides)
2:00 pm
Break
2:20 pm
Panel on Recent Bank Runs and Financial Instability
Viral Acharya, New York University and NBER
Gregor Matvos, Northwestern University and NBER
Manju Puri, Duke University and NBER
Philipp Schnabl, New York University and NBER
Slides
3:50 pm
Adjourn
Martin Feldstein Lecture follows at 4:00 pm