Thursday, September 08, 2016
8:30 – 8:55 Registration
8:55 – 9:00 Welcome address
Morning Session – Chair: Andrew Ellul (Kelley School of Business – Indiana University)
9:00 – 10:10 Vicente Cuñat (London School of Economics)
“Firing the Wrong Workers: Financing Constraints and Labor Misallocation” (joint with Andrea Caggese and Daniel Metzger) paper III slides
Discussant: Harald Hau (University of Geneva) slides
10:10 – 10:30 Coffee break
10:30 – 11:40 Rustom M. Irani (University of Illinois, Urbana-Champaign)
“Creditor Control Rights and Resource Allocation within Firms” (joint with Nuri Ersahin and Hanh Le) paper III slides
Discussant: Elisabeth Kempf (University of Chicago Booth School of Business) slides
11:40 – 12:50 Efraim Benmelech (Northwestern University, Kellogg School of Management)
“Credit Market Disruptions and Employment during the Great Depression: Evidence from Firm-level Data” (joint with Carola Frydman and Dimitris Papanikolaou) III slides
Discussant: Fabiano Schivardi (Bocconi University) slides
12:50 – 13:30 Lunch
Afternoon Session – Chair: Jonathan Berk (Stanford University – Graduate School of Business)
13:30 – 14:40 Elena Simintzi (University of British Columbia Sauder School of Business)
“Mergers and Acquisitions, Technological Change and Inequality” (joint with Wenting Ma and Paige Ouimet) paper III slides
Discussant: Liu Yang (University of Maryland) slides
14:40 – 15:00 Coffee break
15:00 – 16:10 Miguel Palacios (Vanderbilt University)
“The Cross-Section of Labor Leverage and Equity Returns” (joint with A. Donangelo and F. Gourio) paper III slides
Discussant: Josef Zechner (Vienna University of Economics and Business) slides
16:10 – 17:20 Jessie Wang (Arizona State University)
“A Labor Capital Asset Pricing Model” (joint with Lars-Alexander Kuehn and Mikhail Simutin) paper III slides
Discussant: Christian Lundblad (University of North Carolina, Chapel Hill) slides
Friday, September 09, 2016
Morning Session – Chair: Josef Zechner (Vienna University of Economics and Business)
9:00 – 10:10 Gregor Matvos (University of Chicago, Booth School of Business)
“The Market for Financial Adviser Misconduct” (joint with Mark Egan and Amit Seru) paper III slides
Discussant: Alessandro Previtero (Kelley School of Business, Indiana University) slides
10:10 – 10:30 Coffee break
10:30 – 11:40 Annalisa Scognamiglio (Centre for Studies in Economics and Finance)
“Careers in Finance” (joint with Marco Pagano and Andrew Ellul) paper III slides
Discussant: Rui Silva (London Business School) slides
11:40 – 12:50 Claudio Michelacci (Einaudi Institute for Economics and Finance)
“Are They All Like Bill, Mark, and Steve? The Education Premium for Entrepreneurs” (joint with Fabiano Schivardi) paper III slides
Discussant: Isaac Hacamo (Kelley School of Business, Indiana University) slides
12:50 – 13:30 Lunch
Afternoon Session – Chair: Vincenzo Quadrini (University of Southern California, Marshall School of Business)
13:30 – 14:40 Yue Qiu (University of Minnesota)
“Debt Structure as a Strategic Bargaining Tool” paper
Discussant: Jonathan B. Cohn (The University of Texas at Austin) slides
14:40 – 15:00 Coffee break
15:00 – 16:10 Timothy E. Dore (Federal Reserve Board)
“Leverage, Labor Market Size, and Employee Pay” (joint with Rebecca Zarutskie) paper III slides
Discussant: Ashwini Agrawal (London School of Economics) slides
16:10 – 17:20 Ilona Babenko (Arizona State University)
“Will I Get Paid? Employee Stock Options and Mergers and Acquisitions” (joint with Yuri Tserlukevich and Fangfang Du) paper III slides
Discussant: Hyunseob Kim (Cornell University) slides
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