Program

7th UNC-Duke Corporate Finance Conference

FRIDAY, MARCH 31:

12:00 - 1:20 LUNCH - Meadowmont Grill

1:30 - 5:20 SESSIONS - Room 188

SESSION I: FINANCIAL INTERMEDIATION

1:30 - 2:10 Bank Resolution and the Structure of Global Banks

Authors: Patrick Bolton (Columbia) and Martin Oehmke (Columbia)

Discussant: George Pennacchi (Illinois Urbana-Champaign)

2:10 - 2:50 Asset Insulators

Authors: Gabriel Chodorow-Reich (Harvard), Andra Ghent (U. Wisconsin-Madison) and Valentin Haddad (UCLA)

Discussant: Richard Rosen (Chicago Fed)

2:50 - 3:30 Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

Authors: Nathan Foley-Fisher (FRB), Borghan Narajabad (FRB) and Stéphane Verani (FRB)

Discussant: Adi Sunderam (Harvard)

3:30 - 4:00 COFFEE BREAK

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SESSION II: HOUSEHOLD AND CORPORATE FINANCE

4:00 - 4:40 Ditching the Middle Class with Consumer Protection Regulation

Authors: Francesco D’Acunto (Maryland) and Alberto Rossi (Maryland)

Discussant: Anthony DeFusco (Northwestern)

4:40 - 5:20 Locked in by Leverage: Job Search during the Housing Crisis

Authors: Jennifer Brown (UBC) and David Matsa (Northwestern)

Discussant: Fernando Ferreira (UPenn)

5:30 - 7:00 RECEPTION – Courtyard Lobby (outside room 188)

KEYNOTE SPEECH by ANDREI SHLEIFER (Harvard)

7:00 - 9:00 DINNER – Dubose House

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MORNING, SATURDAY, APRIL 1:

7:30 - 8:30 CONTINENTAL BREAKFAST - Meeting Room 188

8:30 - 12:20 SESSIONS – Room 188

SESSION III: ADVISORS

8:30 - 9:10 Proxy Advisory Firms: The Economics of Selling Information to Voters

Authors: Andrey Malenko (MIT) and Nadya Malenko (Boston College)

Discussant: Jonathan Cohn (UT Austin)

9:10 - 9:50 The Market for Conflicted Advice

Authors: Briana Chang (U. Wisconsin-Madison) and Martin Szydlowski (U. Minnesota)

Discussant: Dmitry Orlov (Rochester)

9:50 - 10:20 COFFEE BREAK

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SESSION IV: LABOR AND FINANCE

10:20 - 11:00 Capital Share Dynamics When Firms Insure Managers

Authors: Barney Hartman-Glaser (UCLA), Hanno Lustig (Stanford) and Mindy X. Zhang (U.T. Austin)

Discussant: Dimitris Papanikolaou (Northwestern)

11:00 - 11:40 Real Effects of Financial Distress of Workers: Evidence from Teacher Spillovers

Authors: Gonzalo Maturana (Emory) and Jordan Nickerson (Boston College)

Discussant: Xinxin Wang (UNC)

11:40 - 12:20 Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress

Authors: Ramin P. Baghai (SSE), Rui C. Silva (LBS), Viktor Thell (SSE), and Vikrant Vig (LBS)

Discussant: Xavier Giroud (MIT)

12:30 - 2:00 LUNCH – Dubose House

Overnight Conference Attendees

Breakfast is available for all overnight guests in the Meadowmont Grill 6 :30 AM – 9:00 AM

Check-out is 12 PM