UNC-Duke 2013 Corporate Finance Conference
March 8-9,
Rizzo Conference Center, Chapel Hill, NC
Friday, March 8
6:30 – 8:00 BREAKFAST BUFFET – DuBose House (overnight guests)
11:00 – 1:20 CONFERENCE REGISTRATION – Seminar 145, McLean Hall; Guest room check-in in McLean Hall
12:00 – 1:20 LUNCH – Magnolia, Loudermilk
1:30 – 5:20 SESSIONS – Seminar 145, McLean Hall
Session: Labor and Politics
Session Chair: John Graham (Duke)
1:30 – 2:10 Labor Representation in Governance as an Insurance Mechanism
E. Han Kim (University of Michigan), Ernst Maug (University of Mannheim) and Christoph Schneider (University of Mannheim)
Discussant: David Matsa (Northwestern)
2:10 – 2:50 Informed Trading and High Compensation in Finance
Vincent Glode (Wharton) and Richard Lowery (UT Austin)
Discussant: Ed Van Wesep (UNC)
2:50 – 3:30 Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Quoc-Anh Do (Sciences Po), Yen-Teik Lee (Singapore Management University) and Bang Dang Nguyen (University of Cambridge)
Discussant: Chris Parsons (UC San Diego)
3:30 – 4:00 COFFEE BREAK
Session: Behavioral Corporate Finance
Session Chair: Anil Shivdasani (UNC)
4:00 – 4:40 Acquirer Valuation and Acquisition Decisions: Identifying Mispricing Using Short Interest
Itzhak Ben-David (Ohio State University), Michael Drake (Brigham Young University) and Darren Roulstone (Ohio State University)
Discussant: Alex Edmans (Wharton)
4:40 – 5:20 Industry Window Dressing
Huaizhi Chen (London School of Economics), Lauren Cohen (Harvard University) and Dong Lou (London School of Economics)
Discussant: Belén Villalonga (NYU)
6:00 – 7:00 RECEPTION – DuBose House, 2nd floor
7:00 – 9:00 DINNER – Meadowmont Room
Saturday, March 9
7:30 – 8:30 CONTINENTAL BREAKFAST – Outside of Seminar 145, McLean Hall
8:30 – 12:20 SESSIONS – Seminar 145, McLean Hall
Session: Taxes and Investment
Session Chair: Ron Giammarino (UBC)
8:30 – 9:10 Beyond Q: Estimating Investment without Asset Prices
Vito Gala (London Business School) and Joao Gomes (Wharton School)
Discussant: Hui Chen (MIT)
9:10 – 9:50 As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
Florian Heider (European Central Bank) and Alexander Ljungqvist (New York University)
Discussant: Todd Gormley (Wharton)
9:50 – 10:30 Capital Structure and Taxes: What Happens when you (also) Subsidize Equity
Frédéric Panier (Stanford University), Francisco Pérez-González (Stanford University) and Pablo Villanueva (Stanford University)
Discussant: Margarita Tsoutsoura (Chicago)
10:30 – 11:00 COFFEE BREAK
Session: Financing and Asymmetric Information
Session Chair: Paolo Fulghieri (UNC)
11:00 – 11:40 How Much does Credit Matter for Entrepreneurial Success in the United States?
Cesare Fracassi (UT Austin), Mark Garmaise (UCLA), Shimon Kogan (UT Austin) and Gabriel Natividad (New York University)
Discussant: Manuel Adelino (Duke)
11:40 – 12:20 Dynamic Information Asymmetry, Financing, and Investment Decisions
Ilya Strebulaev (Stanford University), Haoxiang Zhu (MIT) and Pavel Zryumov (Stanford University)
Discussant: Zhiguo He (Chicago)
12:30 – 2:00 LUNCH – DuBose House
2:00 Shuttle to RDU Airport from McLean Hall
Please note that conference seating is limited due to space constraints.
| CONTACT: Marion Strandh, Kenan-Flagler Business School, (919) 962-3174 |
| Email: Marion_Strandh@kenan-flagler.unc.edu |
Other Contact Information:
| Simon Gervais: sgervais@duke.edu |
| Paige Ouimet: Paige_Ouimet@kenan-flagler.unc.edu |
| Geoff Tate: Geoffrey_Tate@kenan-flagler.unc.edu |
| Ming Yang: ming.yang@duke.edu |
External Program Committee:
Effi Benmelech (Northwestern University)
Ron Giammarino (University of British Columbia)
Steven Kaplan (University of Chicago)
Atif Mian (Princeton University)
Mitchell Petersen (Northwestern University)
Michael Weisbach (Ohio State University)