Conference Agenda

Tips to navigate the program:

  • Overview of all papers on a specific day: click on the day (e.g. Date: Thursday, 24/Aug/2017). To download papers, you will need to access the session by clicking on its title first.
  • Program index: click on the Authors tab below.
  • Location name: to display all sessions taking place in that room
  • Search box: to search for authors, papers and sessions.

Please notes that changes in the program might occur.

If your name is not displayed in the program, please register in our conference system.

If your paper information is not up to date, please send us an email at

Only Sessions at Location/Venue 
Session Overview
Date: Thursday, 24/Aug/2017
CGE-2: The Value of Networks
Location: O133
Chair: Bang Nguyen, University of Cambridge

Friends During Hard Times: Evidence from the Great Depression

Diego Garcia1, Tania Babina2, Geoffrey Tate3

1: University of Colorado Boulder; 2: Columbia University; 3: UNC Chapel Hill

The Value of Labor Networks to Managers and Firms

Isaac Hacamo, Kristoph Kleiner

Indiana University

The Benefits of Friendship in Hedge Fund Activism

Tao Li, Yazhou Ellen He

University of Warwick

CGE-5: Politics and Finance
Location: O133
Chair: Pat Akey, University of Toronto

The Value of Offshore Secrets - Evidence from the Panama Papers

James O'Donovan1, Hannes F. Wagner2, Stefan Zeume3

1: INSEAD; 2: Bocconi University; 3: University of Michigan

Leviathan Inc. and Corporate Environmental Engagement

Po-Hsuan Hsu1, Hao Liang2, Pedro Matos3

1: University of Hong Kong; 2: Singapore Management University; 3: University of Virginia

Debt and Incentives in Political Campaigns

Alexei V. Ovtchinnikov1, Philip Valta2

1: HEC Paris; 2: University of Bern, University of Geneva, Swiss Finance Institute

CGE-7: CEO Incentives
Location: O133
Chair: Oliver Spalt, Tilburg University

Perks or Peanuts? The Dollar Profits to Insider Trading

Jasmin Gider1, Peter Cziraki2

1: University of Bonn; 2: University of Toronto

The Role of Peer Firm Selection in Explicit Relative Performance Awards

John Bizjak1, Swaminathan Kalpathy1, Frank Li2, Brian Young3

1: Texas Christian University; 2: University of Western Ontario; 3: Southern Methodist University

Skin in the Game, Wealth and Risk-Taking

Carsten Bienz1, Karin Thorburn1, Uwe Walz2

1: NHH Norwegian School of Economics; 2: Goethe University Frankfurt

Date: Friday, 25/Aug/2017
CFGT-4: Uncertainty and Ambiguity
Location: O133
Chair: David L. Dicks, Baylor University

The Finance-Uncertainty Multiplier

Iván Alfaro1, Nicholas Bloom2, Xiaoji Lin1

1: The Ohio State University; 2: Stanford University

Robust Security Design

Seokwoo Lee1, Uday Rajan2

1: George Mason University; 2: University of Michigan

Ambiguity and the Tradeoff Theory of Capital Structure

Yehuda Izhakian1, David Yermack2, Jaime F. Zender3

1: Baruch College; 2: NYU Stern School of Business; 3: University of Colorado Boulder

CFGT-6: M&A and Product Markets
Location: O133
Chair: Andrey Malenko, Massachusetts Institute of Technology

Selling Innovation in Bankruptcy

Song Ma1, Joy Tong2, Wei Wang3

1: Yale University; 2: Duke University; 3: Queen's University

Why Are Underperforming Firms Rarely Acquired?

Yufeng Wu1, Wenyu Wang2

1: University of Illinois at Urbana-Champaign; 2: Indiana University

Portfolio Diversification, Market Power, and the Theory of the Firm

Jose Ariel Azar

IESE Business School

CFGT-5: Risk Taking and Risk Management
Location: O133
Chair: Dirk Hackbarth, Boston University

Short-Term Debt and Incentives for Risk-Taking (Withdrawn)

Marco Della Seta1, Erwan Morellec2, Francesca Zucchi3

1: APG Asset Management; 2: EPFL; 3: Federal Reserve Board

Inventory and Corporate Risk Management

Marco Bianco1, Andrea Gamba2

1: University of Bologna; 2: University of Warwick

Optimal Contracting with Unobservable Managerial Hedging

Yu Huang1, Nengjiu Ju1, Hao Xing2

1: Shanghai Jiao Tong University; 2: London School of Economics

Date: Saturday, 26/Aug/2017
CGE-6: Institutional Investors and Shareholder Voting
Location: O133
Chair: Ruediger Fahlenbrach, École Polytechnique Fédérale de Lausanne (EPFL)

Are Shareholder Votes Rigged?

Daniel Metzger, Laurent Bach

Stockholm School of Economics

Blockholder Heterogeneity, Multiple Blocks, and the Dance Between Blockholders

Miriam Schwartz-Ziv, Hadlock Charles

Michigan State University

Monitoring the Monitor: Distracted Institutional Investors and Board Governance

Claire Yang Liu1, Angie Low2, Ronald Masulis1, Le Zhang1

1: University of New South Wales; 2: Nanyang Technological University

CGE-1: Boards of Directors
Location: O133
Chair: Markus Schmid, University of St. Gallen

How Costly is Forced Gender-Balancing of Corporate Boards?

Espen Eckbo1, Knut Nygaard2, Karin Thorburn3

1: Dartmouth College; 2: Oslo and Akershus University College of Applied Sciences; 3: NHH Norwegian School of Economics

Board Changes and the Director Labor Market: The Case of Mergers

David A. Becher1, Ralph A. Walkling1, Jared Ian Wilson2

1: Drexel University; 2: Indiana University

Do Lead Directors Enhance Board Monitoring? Evidence from Forced CEO Turnover

Han Ma, Mark Chen

Georgia State University

Contact and Legal Notice · Contact Address:
Conference: EFA 2017
Conference Software - ConfTool Pro 2.6.113+TC
© 2001 - 2017 by H. Weinreich, Hamburg, Germany