Corporate Finance 2023

Tentative Schedule

Friday, April 21, 2023

Lunch

The Externalities of Finance, Session Chair Paolo Fulghieri (UNC). 1:00-3:00pm
- Power Banks: Do Tax Equity Investors Add Value to Renewable Power Projects?
  - Authors: Sophie Shive* (University of Notre Dame)
  - Discussant: Daniel Garrett (University of Pennsylvania)
- Corporate Social Responsibility and Employee Retention
  - Authors: Xiao Cen* (Texas A&M University), Yue Qiu (Temple University), Tracy Yue Wang (University of Minnesota)
  - Discussant: Kelly Shue (Yale University)
- ESG: A Panacea for Market Power?
  - Authors: Philip Bond (University of Washington), Doron Levit (University of Washington) – Presenter TBD
  - Discussant: Dan Green (Harvard University)

Coffee Break – 3:00-3:30pm

The Market for Capital, Session Chair Adriano Rampini (Duke). 3:30-5:30pm
- Collateral Reallocation
  - Authors: Jason Donaldson* (Washington University in St. Louis and University of Southern California), Denis Gromb (HEC Paris), Giorgia Piacentino (Columbia University and University of Southern California)
  - Discussant: Brett Green (Washington University in St. Louis)
- Ownership Concentration and Performance of Deteriorating Syndicated Loans
  - Authors: Mariassunta Giannetti* (Stockholm School of Economics), Ralf Meisenzahl (Federal Reserve Bank of Chicago)
  - Discussant: Manasa Gopal (Georgia Institute of Technology)
- Investment when New Capital is Hard to Find
  - Authors: Olivier Darmouni (Columbia University), Andrew Sutherland* (MIT)
  - Discussant: Nicolas Crouzet (Northwestern University)

Keynote Speaker: Per Strömberg, SSE Centennial Professor of Finance and Private Equity at the Stockholm School of Economics
Dinner

Saturday, April 22, 2023

Breakfast

Household Finance and Labor, Session Chair Camelia Kuhnen (UNC). 8:30-10:30am
- Dual Credit Markets: Income Risk, Household Debt, and Consumption
  - Authors: David Matsa (Northwestern University), Brian Melzer* (Dartmouth University), Michal Zator (University of Notre Dame)
  - Discussant: Sasha Indarte (University of Pennsylvania)
- Skin in the Game: Colleges’ Financial Incentives and Student Outcomes
  - Authors: Nano Barahona (UC Berkeley), Cauê Dobbin (CEMFI ), Hanson Ho (University of Chicago), Sebastián Otero (UC Berkeley), Constantine Yannelis* (University of Chicago)
  - Discussant: Ankit Kalda (Indiana University)
- Can Human Capital Explain Income-based Disparities in Financial Services?
  - Authors: Ruidi Huang (Southern Methodist University), James Linck (Southern Methodist University), Erik Mayer* (Southern Methodist University), Christopher Parsons (University of Southern California)
  - Discussant: Neil Bhutta (Federal Reserve Board)

Coffee Break: 10:30-11:00am

Innovation and Private Capital Markets, Session Chair David Robinson (Duke). 11:00am-1:00pm
- Entrepreneurs’ Diversification and Labor Income Risk
  - Authors: Jan Bena* (University of British Columbia), Andrew Ellul (Indiana University), Marco Pagano (Universit`a di Napoli Federico II), Valentina Rutigliano (University of British Columbia)
  - Discussant: Geoff Tate (University of Maryland)
- All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization
  - Authors: Sabrina Howell (New York University), Yeejin Jang (University of New South Wales), Hyeik Kim (University of Alberta), Michael Weisbach* (Ohio State University)
  - Discussant: Tong Liu (MIT)
- Does a VC’s Commitment Lead to Improved Investment Outcomes? Evidence from Climate Startups
  - Authors: Aaron Burt (University of Oklahoma), Jarrad Harford (University of Washington), Jared Stanfield* (University of Oklahoma), Jason Zein (University of New South Wales)
  - Discussant: Olivia Kim (NBER)

Lunch