6th UNC-Duke Corporate Finance Conference
April 17-18, 2015
Rizzo Conference Center, Chapel Hill, NC
Friday, April 17
6:30 - 8:00 BREAKFAST BUFFET – Loudermilk Hall, outside Classroom 107
11:00 - 1:20 CONFERENCE REGISTRATION – Loudermilk Hall, outside Classroom 107
12:00 - 1:20 LUNCH – McLean Hall, Meadowmont Room (1st floor/lower level)
1:30 - 5:20 SESSIONS – Loudermilk Hall, Classroom 107
Session: Credit Markets
Session Chair: Anil Shivdasani (UNC)
1:30 - 2:10 Financial Contracting and Organizational Form: Evidence from the Regulation of Trade Credit
Emily Breza (Columbia) and Andres Liberman (NYU) Discussant: Amit Seru (University of Chicago)
2:10 - 2:50 Bank Capital, Bank Credit, and Unemployment
Jason Donaldson (Washington University in St. Louis), Giorgia Piacentino (Washington University in St. Louis), and Anjan Thakor (Washington University in St. Louis)
Discussant: Vincent Glode (Wharton)
2:50 - 3:30 Do Higher Creditor Rights Rupture Banking Relationships? Evidence from a Policy Experiment
Gursharan Singh Bhue (Indian School of Business), N. R. Prabhala (University of Maryland), and
Prasanna Tantri (Indian School of Business)
Discussant: Elena Loutskina (University of Virginia Darden)
3:30 - 4:00 COFFEE BREAK
Session: Law and Finance
Session Chair: Anjan Thakor (Washington University in St. Louis)
4:00 - 4:40 Political Connections, Incentives and Innovation: Evidence from Contract-Level Data
Jonathan Brogaard (University of Washington), Matthew Denes (University of Washington), and
Ran Duchin (University of Washington) Discussant: Juanita Gonzalez-Uribe (LSE)
4:40 - 5:20 Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
Daniel Chen (ETH Zurich), Tobias Moskowitz (University of Chicago), and
Kelly Shue (University of Chicago),
Discussant: Cary Frydman (USC)
5:30 - 7:00 RECEPTION – Loudermilk Hall, Magnolia C
KEYNOTE SPEECH by Doug Diamond (University of Chicago)
7:00 - 9:00 DINNER – DuBose House, Pine Room
Saturday, April 18
7:30 - 8:30 CONTINENTAL BREAKFAST – Loudermilk Hall, outside Classroom 107
8:30 - 12:20 SESSIONS – Loudermilk Hall, Classroom 107
Session: Firm Performance during Economic Downturns
Session Chair: Amit Seru (University of Chicago)
8:30 - 9:10 Is Family More Important in Bad Times?
Spyridon Lagaras (University of Illinios Urbana-Champaign) and Margarita Tsoutsoura (University of Chicago)
Discussant: Andrew Ellul (Indiana University)
9:10 - 9:50 Swimming Upstream: Struggling Firms in Corrupt Cities
Christopher Parsons (University of California San Diego), Johan Sulaeman (Southern Methodist University), and
Sheridan Titman (University of Texas Austin)
Discussant: Stefan Zeume (University of Michigan)
9:50 - 10:20 COFFEE BREAK
Session: Capital Markets
Session Chair: Andrew Karolyi (Cornell University)
10:20 - 11:00 Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging
Amir Kermani (University of California Berkeley), Marco Di Maggio (Columbia), and
Rodney Ramcharan (Federal Reserve Board)
Discussant: Pab Jotikasthira (UNC)
11:00 - 11:40 Collateralizing Liquidity
Cecilia Parlatore (NYU)
Discussant: Felipe Varas (Duke)
11:40 - 12:20 Financing Payouts
Joan Farre-Mensa (Harvard Business School), Roni Michaely (Cornell University), and
Martin Schmalz (University of Michigan)
Discussant: Michael Faulkender (University of Maryland)
12:30 - 2:00 LUNCH – DuBose House
Organizing Committee:
- Manuel Adelino (Duke)
- Nick Gantchev (UNC)
- Paige Ouimet (UNC)
- Jillian Popadak (Duke)
External Committee:
- Andrew Karolyi (Cornell University)
- Ulrike Malmendier (UC Berkeley)
- David Scharfstein (Harvard University)
- Amit Seru (University of Chicago)
- Ilya Strebulaev (Stanford University)
- Anjan Thakor (Washington University in St. Louis)