Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 14th May 2024, 07:07:43pm EDT

 
 
Session Overview
Date: Tuesday, 21/May/2024
8:00am
-
3:00pm
Registration
Location: 4th floor foyer
8:30am
-
9:15am
Track T1-1: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Sergio Salgado, University of Pennsylvania
 

Stock Market Wealth and Entrepreneurship

Gabriel Chodorow-Reich3, Plamen Nenov1,2, Vitor Santos2, Alp Simsek4

1: Norges Bank; 2: BI Norwegian Business School; 3: Harvard University; 4: Yale School of Management

Track T2-1: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Yajun Wang, Baruch College
 

Anticompetitive Price Referencing

Vincent van Kervel1, Bart Zhou Yueshen2

1: Pontificia universidad católica de Chile; 2: Singapore Management University

Track T3-1: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Zhe Wang, Pennsylvania State University
 

Voting Choice

Andrey Malenko, Nadya Malenko

Boston College

Track T4-1: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: James Brown, Iowa State University
 

CEO compensation and cash-flow shocks: Evidence from changes in environmental regulations

Seungho Choi1, Ross Levine2, Raphael Jonghyeon Park3, Simon Xu4

1: Hanyang University; Queensland University of Technology; 2: Stanford University; 3: University of Technology Sydney; 4: Harvard University

Track T5-1: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Max Miller, Harvard Business School
 

Firms with Benefits? Nonwage Compensation and Implications for Firms and Labor Markets

Paige Ouimet1, Geoff Tate2

1: UNC; 2: University of Maryland

Track T6-1: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Philippe Mueller, Warwick Business School
 

Shrinking the Term Structure

Damir Filipovic1, Markus Pelger2, Ye Ye2

1: EPFL and Swiss Finance Institute; 2: Stanford University

Track T7-1: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Jacob Conway, Stanford University
 

A Tale of Two Networks: Common Ownership and Product Market Rivalry

Florian Ederer2, Bruno Pellegrino1

1: Columbia University; 2: Boston University

Track T8-1: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Deniz Aydın, Washington University in St. Louis
 

Microfounding Household Debt Cycles with Extrapolative Expectations

Francesco D’Acunto1, Michael Weber2, Xiao Yin3

1: Georgetown University; 2: University of Chicago; 3: UCL

9:15am
-
9:30am
Break
Location: 5th, 6th and 12th floor lounges
9:30am
-
10:15am
Track T1-2: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Olivia Kim, Harvard Business School
 

Minding Your Business or Minding Your Child? Motherhood and the Entrepreneurship Gap

Valentina Rutigliano

University of British Columbia

Track T2-2: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Sebastien Plante, UW Madison
 

Dealer Capacity and US Treasury Market Functionality

Darrell Duffie1, Michael Fleming2, Frank Keane2, Claire Nelson3, Or Shachar2, Peter Van Tassel4

1: Stanford University; 2: Federal Reserve Bank of New York; 3: Princeton University; 4: Independent

Track T3-2: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Pavel Zryumov, University of Rochester
 

Optimal Information and Security Design

Nicolas Inostroza1, Anton Tsoy2

1: University of Toronto; 2: University of Toronto

Track T4-2: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: Thomas Geelen, Copenhagen Business School
 

Pollution-Shifting vs. Downscaling: How Financial Distress Affects the Green Transition

Aymeric Bellon, Yasser Boualam

UNC - Chapel Hill

Track T5-2: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Victor Lyonnet, Ohio State University
 

Create Your Own Valuation

Minmo Gahng

Cornell University

Track T6-2: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Spencer Kwon, Brown University
 

The Long-Term Effects of Inflation on Inflation Expectations

Fabio Braggion1, Felix von Meyerinck2, Nic Schaub3, Michael Weber4

1: University of Tilburg; 2: University of Zurich; 3: WHU -- Otto Beisheim School of Management; 4: University of Chicago Booth

Track T7-2: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Isha Agarwal, University of British Columbia
 

Stagflationary Stock Returns

Yannick Timmer, Ben Knox

Federal Reserve Board

Track T8-2: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Allison Cole, NBER and ASU
 

Return Heterogeneity in Retirement Accounts

Andrea Tamoni1, Lorenzo Bretscher2, Riccardo Sabbatucci3

1: Rutgers Business School; 2: University of Lausanne; 3: Stockholm School of Economics

10:15am
-
10:30am
Break
Location: 5th, 6th and 12th floor lounges
10:30am
-
11:15am
Track T1-3: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Ramin Baghai, Stockholm School of Economics
 

Venture Labor: A Nonfinancial Signal for Start-up Success

Sean Cao1, Jie He2, Zhilu Lin3, Xiao Ren4

1: University of Maryland; 2: University of Georgia; 3: Clarkson University; 4: Chinese University of Hong Kong, Shenzhen

Track T2-3: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Dermot Paul Murphy, University of Illinois Chicago
 

What Does Best Execution Look Like?

Thomas Ernst1, Andrey Malenko2, Chester Spatt3, Jian Sun4

1: University of Maryland; 2: Boston College; 3: Carnegie Mellon University; 4: Singapore Management University

Track T3-3: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Mark Rempel, University of Toronto
 

The Efficiency of Patent Litigation

Samuel Antill1, Murat Alp Celik2, Xu Tian3, Toni M. Whited4

1: Harvard Business School; 2: University of Toronto; 3: Terry College of Business, University of Georgia; 4: University of Michigan and NBER

Track T4-3: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: Stefan Lewellen, Pennsylvania State University
 

Opening the Brown Box: Production Responses to Environmental Regulation

Rebecca De Simone1, S. Lakshmi Naaraayanan1, Kunal Sachdeva2

1: London Business School; 2: Jesse H. Jones Graduate School of Business, Rice University

Track T5-3: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Constantine Yannelis, University of Chicago
 

Banking on Education: How Credit Access Promotes Human Capital Development

Suzanne Chang1, Saravana Ravindran2

1: Tulane University; 2: National University of Singapore

Track T6-3: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Paymon Khorrami, Duke University
 

Fragility of Safe Asset Markets

Thomas M Eisenbach1, Gregory Phelan2

1: New York Fed; 2: Williams College

Track T7-3: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Winston Dou, The Wharton School at University of Pennsylvania
 

Markup Shocks and Asset Prices

Alexandre Corhay1, Jun Li2, Jincheng Tong1

1: University of Toronto; 2: University of Warwick

Track T8-3: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Victor Duarte, University of Illinois at Urbana Champaign
 

Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice

Aizhan Anarkulova1, Scott Cederburg2, Michael O'Doherty3

1: Emory University; 2: University of Arizona; 3: University of MIssouri

11:15am
-
11:30am
Break
Location: 5th, 6th and 12th floor lounges
11:30am
-
12:15pm
Track T1-4: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Lin Shen, INSEAD
 

How Financial Markets Create Superstars

Spyros Terovitis1, Vladimir Vladimirov1,2

1: University of Amsterdam; 2: CEPR

Track T2-4: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Mao Ye, Cornell University
 

Who Is Minding the Store? Order Routing and Competition in Retail Trade Execution

Xing Huang1, Philippe Jorion2, Mina Lee3, Christopher Schwarz2

1: Washington University in St. Louis; 2: UC Irvine; 3: Federal Reserve Board

Track T3-4: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Marcus Opp, Stockholm School of Economics
 

Executive Compensation with Social and Environmental Performance

Pierre Chaigneau1, Nicolas Sahuguet2

1: Queen's University; 2: HEC Montreal

Track T4-4: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: Matthew Serfling, University of Tennessee
 

Labor Exposure to Climate Risk, Productivity Loss, and Capital Deepening

Zhanbing Xiao

Harvard University

Track T5-4: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Allison Cole, NBER and ASU
 

What Do Unions Do? Incentives and Investments

Vojisav Maksimovic, Liu Yang

University of Maryland

Track T6-4: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Vadim Elenev, Johns Hopkins University
 

Inflation and Treasury Convenience

Anna Cieslak1, Wenhao Li2, Carolin Pflueger3

1: Duke University and NBER; 2: University of Southern California; 3: University of Chicago and NBER

Track T7-4: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Martin Souchier, Wharton School, University of Pennsylvania
 

Investing in Misallocation

Mete Kilic, Selale Tuzel

University of Southern California

Track T8-4: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Nuno Clara, Duke University
 

Partial Homeownership: A Quantitative Analysis

Eirik Eylands Brandsaas1, Jens Soerli Kvaerner2

1: Federal Reserve Board; 2: Tilburg University

12:15pm
-
1:45pm
Lunch with Keynote by Cavalcade Chair & Presentation of Cavalcade Awards
Location: Room 802/803 (main room)/1203/1216 (overflow)

Keynote Speaker: Jules van Binsbergen (The Wharton School)

1:45pm
-
2:30pm
Track T1-5: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Bo Bian, University of British Columbia
 

Mobile Apps, Firm Risk, and Growth

Xi Sissi Wu

University of California-Berkeley

Track T2-5: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Ji Hee Yoon, University College London
 

Automated Exchange Economies

Bryan Routledge1, Yikang Shen2, Ariel Zetlin-Jones3

1: Carnegie Mellon University; 2: Carnegie Mellon University; 3: Carnegie Mellon University

Track T3-5: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Matthieu Gomez, Columbia University
 

The Rise and Fall of Investment: Rethinking Q theory in Equilibrium

Xinwei LI

INSEAD

Track T4-5: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: Ivan Ivanov, Federal Reserve Bank of Chicago
 

When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets

Parinitha {Pari} Sastry1, Ishita Sen2, Ana-Maria Tenekedjieva3

1: Columbia Business School; 2: Harvard Business School; 3: Federal Reserve Board

Track T5-5: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Daniel Bias, Vanderbilt University
 

The Talent Gap in Family Firms

Morten Bennedsen1, Margarita Tsoutsoura2, Daniel Wolfenzon3

1: Copenhagen University; 2: Washington University in St. Louis; 3: Columbia University

Track T6-5: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Jian Jane Li, Columbia University
 

What about Japan?

YiLi Chien1, Harold Cole2, Hanno Lustig3

1: Federal Reserve Bank of Saint Louis; 2: University of Pennsylvania; 3: Stanford GSB

Track T7-5: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Adam Zhang, University of Minnesota
 

Inflation Surprises and Equity Returns

Antonio Gil de Rubio Cruz, Emilio Osambela, Berardino Palazzo, Francisco Palomino, Gustavo Suarez

Board of Governors of the Federal Reserve System

Track T8-5: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Carter Davis, Indiana University
 

The Cross-section of Subjective Expectations: Understanding Prices and Anomalies

Sean Myers1, Ricardo De la O2, Xiao Han3

1: The Wharton School; 2: USC Marshall School of Business; 3: Bayes Business School

2:30pm
-
2:45pm
Break
Location: 5th, 6th and 12th floor lounges
2:45pm
-
3:30pm
Track T1-6: Entrepreneurship and VC
Location: Room 1216
Chair: Tong Liu, MIT Sloan
Discussant: Tetyana Balyuk, Emory University
 

Revenue-Based Financing

Dominic Russel, Claire Shi, Rowan Clarke

Harvard University

Track T2-6: Microstructure
Location: Room 619
Chair: Briana Chang, UW Madison
Discussant: Kevin Crotty, Rice University
 

Information Intermediaries and the Distorting Effect of Incomplete Data

Sara Easterwood

Virginia Tech

Track T3-6: Corporate Theory
Location: Room 548
Chair: Giorgia Piacentino, USC
Discussant: Clemens Otto, Singapore Management University
 

Modeling Managers As EPS Maximizers

Itzhak Ben-David1, Alex Chinco2

1: The Ohio State University, Fisher School of Business; 2: Baruch College

Track T4-6: Climate Finance: Risk and Regulation
Location: Room 1203
Chair: Matthew Gustafson, Pennsylvania State University
Discussant: Ian Appel, University of Virginia
 

Divestment and Engagement: The Effect of Green Investors on Corporate Carbon Emissions

John G. Matsusaka1, Matthew Kahn2, Chong Shu3

1: University of Southern California; 2: University of Southern California; 3: University of Utah

Track T5-6: Labor and the Finance of Human Capital
Location: Room 1212
Chair: Elena Simintzi, UNC
Discussant: Carlos Fernando Avenancio-León, UCSD
 

Intergenerational Conflict in Education Financing: Evidence from A Decade of Bond Referenda

Livia Yi

Boston College

Track T6-6: Treasury Markets, Inflation and Taxes
Location: Room 501
Chair: Marco Grotteria, London Business School
Discussant: Patrick Augustin, McGill University
 

Do Municipal Bond Investors Pay a Convenience Premium to Avoid Taxes?

Matthias Fleckenstein1, Francis A. Longstaff2

1: University of Delaware; 2: UCLA Anderson School of Management and NBER

Track T7-6: Market power, markups and asset prices
Location: Room 601
Chair: Erik Loualiche, University of Minnesota
Discussant: Matthieu Gomez, Columbia University
 

The Present Value of Future Market Power

Thummim Cho1, Marco Grotteria2, Lukas Kremens3, Howard Kung2

1: Korea University Business School, Korea; 2: London Business School, UK; 3: University of Washington, US

Track T8-6: Return Expectations of Households and Professionals
Location: Room 610
Chair: Alessandro Previtero, Indiana University
Discussant: Michael Boutros, Bank of Canada
 

Insurance versus Moral Hazard in Income-Contingent Student Loan Repayment

Tim de Silva

MIT Sloan School of Management


 
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