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).

Session Overview
Location: Room 105
Date: Tuesday, 28/May/2019
2.3: Generating and Interpreting Information
Location: Room 105
Chair: Kristine Hankins, University of Kentucky

Textual Factors: A Scalable, Interpretable, and Data-driven Approach to Analyzing Unstructured Information

Lin Cong, Tengyuan Liang, Xiao Zhang

The University of Chicago, United States of America

Information Monopolies and Monetary Policy Pass-through

Charles O'Donnell1,3, Fergal McCann2

1: European Central Bank, Germany; 2: Central Bank of Ireland; 3: Aix-Marseille School of Economics

Operational Risk is More Systemic than You Think: Evidence from U.S. Bank Holding Companies

Atanas Mihov1, Allen Berger2, Filippo Curti1, John Sedunov3

1: Federal Reserve Bank of Richmond, United States of America; 2: University of South Carolina, United States of America; 3: Villanova University, United States of America

6.1: Politics, Crime and Economics
Location: Room 105
Chair: alexander dyck, University of Toronto

Do Political Boundaries affect Firm Boundaries?

Matthew Denes1, Florian Schulz2, Vikrant Vig3

1: Carnegie Mellon University; 2: University of Washington; 3: London Business School

Executives in Politics

Ilona Babenko1, Viktar Fedaseyeu2, Song Zhang3

1: Arizona State University, United States of America; 2: Bocconi University; 3: Boston College

Organized Crime and Firms: Evidence from Italy

Pablo Slutzky1, Stefan Zeume2

1: University of Maryland, United States of America; 2: University of Michigan, United States of America

Who Benefits from the Decline of American Manufacturing? Evidence from 142,663 Foreign and Domestic Entries in China

Minwen Li3, Tanakorn Makaew2, Vojislav Maksimovic1

1: University of Maryland; 2: SEC, United States of America; 3: Tsinghua University

Date: Wednesday, 29/May/2019
2.5: Financial and Lending Networks
Location: Room 105
Chair: Uday Rajan, University of Michigan

Financial Networks over the Business Cycle

Alexandr Kopytov

Wharton, United States of America

Bitcoin as Decentralized Money: Prices, Mining, and Network Security

Emiliano Pagnotta

Imperial College Business School, United Kingdom

Credit Market Spillovers: Evidence from a Syndicated Loan Market Network

Abhimanyu Gupta1, Sotirios Kokas2, Alex Michaelides3

1: University of Essex; 2: University of Glasgow; 3: Imperial, United Kingdom

3.5: Valuation Risk, Systemic Risk and Financial Distress
Location: Room 105
Chair: Yaron Leitner, Washington University

Do Firms Hedge During Distress?

Heitor Almeida2, Kristine Hankins3, Ryan Williams1

1: University of Arizona; 2: University of Illinois - Urbana Champaign; 3: University of Kentucky

Insurers as Asset Managers and Systemic Risk

Andrew Ellul2, Chotibhak Jotikasthira1, Anastasia Kartasheva3, Lundblad Christian4, Wagner Wolf5

1: SMU - Cox School of Business; 2: Indiana University; 3: Bank for International Settlements; 4: University of North Carolina at Chapel Hill; 5: Rotterdam School of Management

Assessing Valuation Risk: Theory and Empirical Evidence

Samuel Kruger

University of Texas at Austin, United States of America

4.2: Bank Deposits, Capital and Decisionmaking
Location: Room 105
Chair: Franco Fiordelisi, University of Rome III

Bank Transparency and Deposit Flows

Qi Chen1, Itay Goldstein2, Zeqiong Huang3, Rahul Vashishtha1

1: Duke University; 2: University of Pennsylvania, The Wharton School; 3: Yale University

Decision-making Delegation in Banks

Jennifer Dlugosz1, Yong Kyu Gam2, Radha Gopalan1, Janis Skrastins1

1: Washington University in St. Louis; 2: Southwestern University of Finance and Economics

Bank Concentration and Product Market Competition

Farzad Saidi1, Daniel Streitz2

1: Stockholm School of Economics, CEPR; 2: Copenhagen Business School

The Interdependence of Bank Capital and Liquidity

Elena Carletti1, Itay Goldstein2, Agnese Leonello3

1: Bocconi University; 2: University of Pennsylvania; 3: European Central Bank

Date: Thursday, 30/May/2019
7.6: Financial Advisors and Investment Consultants
Location: Room 105
Chair: Justin Murfin, CORNELL

Unlocking Clients

Umit G. Gurun1, Noah Stoffman3, Scott E. Yonker2

1: University of Texas at Dallas; 2: Cornell University; 3: Indiana University

Real Estate Shocks and Financial Advisor Misconduct

Stephen Dimmock2, William Gerken1, Tyson Van Alfen1

1: University of Kentucky, United States of America; 2: Nanyang Technological University

Investment Consultants’ Claims About Their Own Performance: What Lies Beneath?

Howard Jones1, Tim Jenkinson1, Gordon Cookson2, Jose Martinez3

1: University of Oxford, United Kingdom; 2: Financial Conduct Authority, United Kingdom; 3: University of Connecticut, United States

8.6: Information and Learning
Location: Room 105
Chair: Olivier Darmouni, Columbia university

Learning by Doing: Judge Experience and Bankruptcy Outcomes

Benjamin Iverson1, Joshua Madsen2, Wei Wang3, Qiping Xu4

1: Brigham Young University; 2:; 3: Queen's University; 4: University of Notre Dame, United States of America

Learning by Owning in a Lemons Market

Brian Waters1, Jordan Martel2, Kenneth Mirkin3

1: University of Colorado, Boulder; 2: Indiana University, Bloomington; 3: The University of Edinburgh

Weeding out Bad Loans: Externalities of the Opioid Crisis

Mark Jansen

University of Utah, United States of America

6.5: Market Trading and Microstructure 1
Location: Room 105
Chair: Giovanni DellÂ’Ariccia, IMF

Market-making with Search and Information Frictions

Venky Venkateswaran1, Benjamin Lester2, Ali Shourideh3, Ariel Zetlin-Jones3

1: NYU Stern School of Business, Feseral Reserve Bank of Minneapolis; 2: Feseral Reserve Bank of Philadelphia; 3: Carnegie Mellon University

Trade with Ads

Vivian Fang, Joshua Madsen, Xinyuan Shao

University of Minnesota, United States of America

Identifying Price Informativeness

Eduardo Davila2, Cecilia Parlatore1

1: NYU Stern, United States of America; 2: Yale University/New York University, Stern School of Business, and NBER

Institutional Counterparties and Performance

Ozgur Ince1, Greg Kadlec2, Steve McKeon3

1: University of South Carolina, United States of America; 2: Virginia Tech; 3: University of Oregon