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).

Only Sessions at Location/Venue 
Session Overview
Location: Room 101
Date: Tuesday, 28/May/2019
1:30pm - 3:15pm2.1: Monetary Policy and Credit Markets
Session Chair: Mitchell Berlin, FRB Philadelphia
Room 101 

Mortgage Prepayments and Path Dependent Effects of Monetary Policy

Fabrice Tourre1, Joseph Vavra2, Konstantin Milbradt3, David Berger3

1Copenhagen Business School; 2University of Chicago; 3Northwestern University

Discussant: Deeksha Gupta (Carnegie Mellon University)

Tourre-Mortgage Prepayments and Path Dependent Effects of Monetary Policy-186.pdf

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Francois Koulischer1, Ralph Koijen2, Motohiro Yogo3, Benoit Nguyen4

1Université du Luxembourg, Luxembourg School of Finance; 2Chicago Booth Business School; 3Princeton University; 4Banque de France

Discussant: Diana Bonfim (Banco de Portugal and Católica Lisbon)

Koulischer-Inspecting the Mechanism of Quantitative Easing in the Euro Area-161.pdf

The Real Effects of Fed Intervention: Revisiting the 1920-1921 Depression

William Mann, Bruce Carlin

UCLA Anderson School of Management, United States of America

Discussant: William Roberds (Federal Reserve Bank of Atlanta)

Mann-The Real Effects of Fed Intervention-1056.pdf
3:30pm - 5:45pm1.1: Fintech 1: Fintech, ICOs and Digital Currencies
Session Chair: Zhiguo He, University of Chicago
Room 101 

Initial Coin Offerings and Platform Building

Jiasun Li1, William Mann2

1George Mason University; 2UCLA Anderson School of Management

Discussant: Fahad Saleh (McGill University)

Li-Initial Coin Offerings and Platform Building-626.pdf

Digital Currency Runs

David Skeie

Texas A&M University, United States of America

Discussant: Hyunsoo Doh (Nanyang Technological University)

Skeie-Digital Currency Runs-857.pdf

FinTech Isn’t So Different from Traditional Banking: Trading off Aggregation of Soft Information for Transaction Processing Efficiency

Stephen G. Ryan, Chenqi Zhu

New York University, United States of America

Discussant: Gregory Buchak (University of Chicago)

Ryan-FinTech Isn’t So Different from Traditional Banking-276.pdf

The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings

Jongsub Lee1, Tao Li2, Donghwa Shin3

1Seoul National University, Korea, Republic of (South Korea); 2University of Florida; 3Princeton University

Discussant: Xuanjuan Chen (Shanghai University of Finance and Economics)

Lee-The Wisdom of Crowds in FinTech-679.pdf
Date: Wednesday, 29/May/2019
8:30am - 10:15am5.1: Fintech 2: Fintech, Lending and Illiquidity
Session Chair: William Mann, UCLA Anderson School of Management
Room 101 

P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?

Loriana Pelizzon2, Calebe DeRoure1, Anjan Thakor3

1Royal Bank of Australia; 2SAFE Goethe University, Germany; 3Olin School of Business

Discussant: Tetyana Balyuk (Emory University)

Pelizzon-P2P Lenders versus Banks-804.pdf

The Performance of Marketplace Lenders: Evidence from Lending Club Payment Data

Roman Kräussl1, Zsofia Kräussl1, Joshua Pollet2, Kalle Rinne3

1University of Luxembourg, Luxembourg; 2University of Illinois at Urbana-Champaign, U.S.; 3Luxembourg Institute of Science and Technology, Luxembourg

Discussant: Brian Andrew Wolfe (University at Buffalo)

Kräussl-The Performance of Marketplace Lenders-985.pdf

Illiquidity, Closure Policies and the Role of LOLR

Stefano Corradin1, Suresh Sundaresan2

1European Central Bank, Germany; 2Columbia University

Discussant: Sriya Anbil (Federal Reserve Board of Governors)

Corradin-Illiquidity, Closure Policies and the Role of LOLR-676.pdf
10:30am - 12:15pm4.5: Innovation 1
Session Chair: Filippo Mezzanotti, Northwestern University
Room 101 

Bank Geographic Diversification and Corporate Innovation: Evidence from the Lending Channel

Saiying Deng1, Connie X. Mao2, Cong Xia3

1Southern Illinois University; 2Temple University; 3Southern Illinois University

Discussant: Simone Lenzu (NYU, Stern Finance)

Deng-Bank Geographic Diversification and Corporate Innovation-246.pdf

Find and Replace: R&D Investment Following the Erosion of Existing Products

Joshua Krieger1, Xuelin Li2, Richard T. Thakor2

1Harvard Business School; 2University of Minnesota

Discussant: Nuri Ersahin (Eli Broad College of Business, Michigan State University)

Krieger-Find and Replace-1076.pdf

Access to Finance and Technological Innovation: Evidence from Antebellum America

Yifei Mao1, Jessie Jiaxu Wang2

1Cornell University; 2Arizona State University

Discussant: Nicolas Ziebarth (Auburn University)

Mao-Access to Finance and Technological Innovation-816.pdf
2:00pm - 4:15pm2.7: Mutual Funds
Session Chair: Sugato Bhattacharyya, University of Michigan
Room 101 

Investors’ Appetite for Money-Like Assets: The Money Market Fund Industry after the 2014 Regulatory Reform

Gabriele La Spada, Marco Cipriani

Federal Reserve Bank of New York, United States of America

Discussant: Sahil Raina (Alberta School of Business)

Missing in Action: Investor Reaction to Mutual Fund Misconduct

Rachel Li

Southern Methodist University, United States of America

Discussant: Kandarp Srinivasan (Northeastern University)

Liability Structure and Risk-Taking: Evidence from the Money Market Fund Industry

Ramin Baghai, Mariassunta Giannetti, Ivika Jäger

Stockholm School of Economics, Sweden

Discussant: Malcolm Wardlaw (University of Michigan)

Passive Investors are Passive Monitors

Davidson Heath1, Daniele Macciocchi1, Roni Michaely2, Matthew Ringgenberg1

1University of Utah, United States of America; 2University of Geneva

Discussant: Amrita Nain (University of Iowa)

Date: Thursday, 30/May/2019
8:30am - 10:15am7.1: Innovation 2: Promoting Innovation
Session Chair: Rebecca Zarutskie, Federal Reserve Board
Room 101 

Speech Is Silver, But Silence Is Golden: Information Suppression And The Promotion Of Innovation

Gaurav Kankanhalli1, Alan Kwan2, Kenneth Merkley3

1Cornell University; 2University of Hong Kong; 3Indiana University

Discussant: Paula Suh (University of Georgia)

Kankanhalli-Speech Is Silver, But Silence Is Golden-1033.pdf

Selling Innovation in Bankruptcy

Song Ma1, Joy Tianjiao Tong2, Wei Wang3

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

Discussant: Richmond Mathews (University of Maryland)

Ma-Selling Innovation in Bankruptcy-903.pdf

Entrepreneurship and Economic Conditions: Evidence from Regional Windfall Gains

Rafael Zambrana1, Miguel Ferreira1, Vicente Bermejo2, Daniel Wolfenzon3

1Universidade Nova de Lisboa, Portugal; 2Esade Business School; 3Columbia Business School

Discussant: Joan Farre-Mensa (Northeastern University)

Zambrana-Entrepreneurship and Economic Conditions-449.pdf
10:30am - 12:15pm7.5: Corporate Culture, Ethics and Social Responsibility
Session Chair: Murillo Campello, Cornell
Room 101 

Social Progress and Corporate Culture

Alexander Zentefis, Gary Gorton

Yale University, United States of America

Discussant: David L Dicks (Baylor University)

Zentefis-Social Progress and Corporate Culture-850.pdf

Socially Responsible Corporate Customers

Rui Dai1, Liang Hao2, Lilian Ng3

1University of Pennsylvania, United States of America; 2Singapore Management University, Singapore; 3York University, CanadaSocially Responsible Corporate Customers

Discussant: Han Xia (University of Texas at Dallas)

Dai-Socially Responsible Corporate Customers-620.pdf

Director Appointments – It is Who You Know

Jay Cai1, Tu Nguyen2, Ralph Walkling1

1Drexel University, United States of America; 2University of Waterloo, Canada

Discussant: Yihui Pan (University of Utah)

Cai-Director Appointments – It is Who You Know-393.pdf
2:00pm - 4:15pm6.2: Innovation 3: Entrepreneurship
Session Chair: Arthur Korteweg, University of Southern California
Room 101 

Entrepreneurial Wages

Tania Babina2, Wenting Ma1, Paige Ouimet1, Rebecca Zarutskie3

1UNC, United States of America; 2Columbia University; 3Federal Reserve Board

Discussant: Andres Donangelo (UT Austin)

Babina-Entrepreneurial Wages-262.pdf

Keeping Options Open: What Motivates Entrepreneurs?

Sylvain Catherine

The Wharton School, United States of America

Discussant: Ryan Peters (Tulane University)

Catherine-Keeping Options Open-602.pdf

The Impact of Student Debt on High Value Entrepreneurship and Venture Success: Evidence from No-Loans Financial Aid Policies

Karthik Krishnan1, Pinshuo Wang2

1Northeastern University; 2University of South Florida

Discussant: Constantine Yannelis (University of Chicago Booth School of Business)

Krishnan-The Impact of Student Debt on High Value Entrepreneurship and Venture Success-142.pdf

Fewer and Less Skilled? Human Capital, Competition, and Entrepreneurial Success in Manufacturing

Meghana Ayyagari1, Vojislav Maksimovic2

1GWU, United States of America; 2University of Maryland, College Park

Discussant: Rebecca Zarutskie (Federal Reserve Board)

Ayyagari-Fewer and Less Skilled Human Capital, Competition, and Entrepreneurial Success-993.pdf

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