WFA-CFAR Conference

Schedule

CORPORATE FINANCE CONFERENCE SCHEDULE

NOVEMBER 22 AND 23, 2019

All sessions will be held in the Knight Center, KC 220

 

Thursday, November 21  
5:00 pm - 7:00 pm

Welcome Reception, Charles F. Knight Executive Education Center,  4th Floor Pub

Friday, November 22  
8:00 am - 8:30 am

Continental Breakfast (Coffee, Tea, Pastries, Fruit), located just outside conference venue, Knight Center, Room KC 220

 

Session #1: Tangible & Intangible Capital
Session Chair: Adriano Rampini, Duke University   

8:30 am - 9:10 am

Measuring Intangible Capital with Market Prices
(Ewens, Peters, Wang)
Presenter:  Michael Ewens, California Institute of Technology
Discussant: Dimitris Papanikolaou, Northwestern University

9:10 am - 9:50 am

Young Firms, Old Capital
(Ma, Murfin, Pratt)
Presenter:  Song Ma, Yale University
Discussant: Liu Yang, University of Maryland

9:50 am - 10:20 am Break -- food and drink available just outside KC 220
 

Session #2:  Banking & Regulation
Session Chair: Andrew Winton, University of Minnesota

10:20 am - 11:00 am

Interbank Trading, Collusion, and Financial Regulation
(Corbae, Gofman)
Presenter: Michael Gofman, University of Rochester
Discussant:  Selman Erol, Carnegie Mellon University

11:00 am - 11:40 am

The Anatomy of the Transmission of Macroprudential Policies
(Acharya, Bergant, Crosignani, Eisert, McCann)
Presenter:  Matteo Crosignani, University of Michigan
Discussant: Anthony DeFusco, Northwestern University

11:40 am - 12:45 pm

Buffet Lunch -- Anheuser Busch Dining Room, 3rd Floor, Charles F. Knight Center

12:45 pm - 1:45 pm

Panel Discussion on "Debt Structure: The Role of Covenants and Collateral"

Speaker 1: Patrick Bolton, Columbia University
Speaker 2: Michael Roberts, University of Pennsylvania

1:45 pm - 2:15 pm Break -- food and drink available just outside KC 220
 

Session #3:  Debt Structure
Session Chair:  Michael Roberts, University of Pennsylvania 

2:15 pm - 2:55 pm

How Collateral Affects Borrowing: Evidence from U.S. Micro-Level Data
(Campello, Connolly, Kankanhalli, Steiner)
Presenter:  Murillo Campello, Cornell University
Discussant: Effi Benmelech, Northwestern University

2:55 pm - 3:35 pm

Losing Control: The 20-Year Decline in Loan Covenant Restrictions
(Griffin, Nini, Smith)
Presenter: Greg Nini, Drexel University
Discussant: Chris James, University of Florida  

3:35 pm - 4:05 pm Break -- food and drink available just outside KC 220
4:05 pm - 5:00 pm

Short Presentations of Early Ideas
5 papers, each with 10 minutes (including 5 minutes for questions)

5:00 pm - 5:50 pm Break -- food and drink available just outside KC 220
5:50 pm Meet Olin Faculty in Knight/ Olin Hall, 3rd Floor Atrium near South Campus Exit, for escorted walk to cocktails and dinner venue
6:00 pm - 7:30 pm Cocktails at Whittemore House, 6440 Forsyth Boulevard, St. Louis
7:30 pm Dinner at Whittemore House, 6440 Forsyth Boulevard, St. Louis

Saturday, November 23

 
8:00 am - 8:30 am Continental Breakfast (Coffee, Tea, Pastries, Fruit), located just outside conference venue, Knight Center, Room KC 220
 

Session #4 : Corporate Governance
Session Chair:  Yaniv Grinstein

8:30 am - 9:10 am

The economics of deferral and clawback requirements: An indirect tax approach to compensation regulation
(Opp, Hoffman, Inderst)
Presenter:  Marcus Opp, Stockholm School of Economics
Discussant: Mark Westerfield, University of Washington 

9:10 am - 9:50 am

The Costs and Benefits of Shareholder Democracy
(Gantchev, Giannetti)
Presenter:  Nickolay Gantchev, Southern Methodist University
Discussant: Bilge Yilmaz, University of Pennsylvania

9:50 am - 10:20 am Break -- food and drink available just outside KC 220
 

Session #5:  Households and Labor
Session Chair: Janis Skrastins, Washington University in St. Louis

10:20 am - 11:00 am

Shielding Firm Value: Employment Protection and Process Innovation
(Bena)
Presenter:  Jan Bena, University of British Columbia 
Discussant: Jessica Jeffers, University of Chicago 

11:00 am - 11:40 am

Shale Shocked: The long-run effect of wealth on household debt
(Cookson, Gilje, Heimer)
Presenter:  Erik Gilje, University of Pennslyvania
Discussant:  Julia Fonseca, University of Illinois Urbana-Champaign

11:40 am - 12:45 am Buffet Lunch -- Anheuser Busch Dining Room, 3rd Floor, Charles F. Knight Center
12:45 pm Adjourn