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: 1st May 2025, 02:30:11am CEST

 
 
Session Overview
Date: Wednesday, 29/May/2024
9:30am - 6:00pmConference Registration
Location: Gartenlounge
1:30pm - 3:15pm1.1: Consequences of Market Intervention
Location: Tiergarten
Session Chair: Viral Acharya, New York University Stern School of Business
 

Voters, Bailouts, and the Size of the Firm

Linda Schilling

Olin Business School Washington University in St Louis, United States of America

Discussant: Wenhao Li (University of Southern California, Marshall School of Business)

Schilling-Voters, Bailouts, and the Size of the Firm-1290.pdf


When Should Governments Buy Assets?

Michael Sockin1, Daniel Neuhann2

1University of Texas at Austin, United States of America; 2University of Texas at Austin, United States of America

Discussant: Victoria Vanasco (CREI, UPF, Barcelona GSE)

Sockin-When Should Governments Buy Assets-811.pdf


Bailout Addiction: Does Bailout Anticipation Induce Adverse Selection?

Fenghua Song1, Anjan Thakor2

1Pennsylvania State University, United States of America; 2Washington University in St. Louis, United States of America

Discussant: Martin Oehmke (London School of Economics)

Song-Bailout Addiction-450.pdf
 
1:30pm - 3:15pm1.2: Corporate Investment and Financial Frictions
Location: Köpenick
Session Chair: Lukas Schmid, USC Marshall School of Business
 

Precautionary Debt Capacity

Deniz Aydın1, Olivia Kim2

1Washington University in St. Louis, Olin Business School; 2Harvard Business School

Discussant: Egemen Eren (Bank for International Settlements)

Aydın-Precautionary Debt Capacity-1044.pdf


Identifying Firm-Level Financial Frictions using Theory-Informed Restrictions

Andrea Caggese, Geert Mesters

UPF, Spain

Discussant: Roberto Steri (University of Luxembourg)

Caggese-Identifying Firm-Level Financial Frictions using Theory-Informed Restrictions-1188.pdf


Investing in Misallocation

Mete Kilic, Selale Tuzel

USC Marshall School of Business, United States of America

Discussant: Lars Kuehn (Carnegie Mellon University)

Kilic-Investing in Misallocation-525.pdf
 
1:30pm - 3:15pm1.3: Incentives of Central Bankers and Regulators
Location: Charlottenburg I
Session Chair: Enrico Perotti, University of Amsterdam
 

The Reverse Revolving Door in the Supervision of European Banks

Stefano Colonnello1,2, Michael Koetter2,3, Alex Sclip4, Konstantin Wagner2

1Ca' Foscari University of Venice, Italy; 2Halle Institute for Economic Research, Germany; 3Otto-von-Guericke University Magdeburg; 4University of Verona

Discussant: Mikhail Mamonov (Toulouse Business School)

Colonnello-The Reverse Revolving Door in the Supervision of European Banks-557.pdf


The Political Economy of Financial Regulation

Rainer Haselmann1, Arkodipta Sarkar2, Shikhar Singla3, Vikrant Vig3

1Goethe University Frankfurt; 2National University of Singapore; 3Stanford University

Discussant: Orkun Saka (City, University of London)

Haselmann-The Political Economy of Financial Regulation-1098.pdf


The Value of Private Meetings with Central Bankers

Rainer Haselmann1, Maik Schmeling1, Sebastian Schreiber1, Michael Weber2

1Goethe University Frankfurt, Germany; 2Chicago Booth

Discussant: Franco Fiordelisi (University of Essex)

Haselmann-The Value of Private Meetings with Central Bankers-354.pdf
 
1:30pm - 3:15pm1.4: Asset Pricing with Heterogeneity and Subjective Beliefs
Location: Charlottenburg II
Session Chair: Raman Uppal, EDHEC Business School
 

Asset Prices, Wealth Inequality, and Taxation

Suleyman Basak1, Georgy Chabakauri2

1London Business School; 2London School of Economics, United Kingdom

Discussant: Ali Lazrak (UBC)

Basak-Asset Prices, Wealth Inequality, and Taxation-144.pdf


Economic Growth Through Diversity in Beliefs

Christian Heyerdahl-Larsen3, Philipp Illeditsch1, Howard Kung2

1Texas A&M University, United States of America; 2London Business School; 3BI Oslo

Discussant: Burton Hollifield (Carnegie Mellon University)

Heyerdahl-Larsen-Economic Growth Through Diversity in Beliefs-985.pdf


Risk Premia, Subjective Beliefs, and Bundled Monetary Shocks

Paymon Khorrami, Anna Cieslak

Duke University, United States of America

Discussant: Harjoat Bhamra (Imperial College Business School)

Khorrami-Risk Premia, Subjective Beliefs, and Bundled Monetary Shocks-422.pdf
 
1:30pm - 3:15pm1.5: Financial Decisions of Households
Location: Charlottenburg III
Session Chair: Margarita Tsoutsoura, Washington University
 

Stock Market Wealth and Entrepreneurship

Gabriel Chodorow-Reich1, Plamen Nenov2,3, Vitor Santos3, Alp Simsek4

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

Discussant: Daniel Wolfenzon (Columbia University)

Chodorow-Reich-Stock Market Wealth and Entrepreneurship-643.pdf


The Banker in Your Social Network

Samuli Knüpfer1, Elias Rantapuska1, Theresa Spickers2

1Aalto University; 2University of Amsterdam

Discussant: Noah Stoffman (Indiana University)

Knüpfer-The Banker in Your Social Network-567.pdf


(Not) Anticipating Predictable Inheritances

Erkki Johannes Vihriälä1, Tuomo Virkola2

1Aalto University School of Business; 2VATT Institute for Economic Research

Discussant: Akash Raja (Copenhagen Business School)

Vihriälä-(Not) Anticipating Predictable Inheritances-358.pdf
 
1:30pm - 3:15pm1.6: Financing Clean Vehicles
Location: Schöneberg
Session Chair: Effi Benmelech, Northwestern University
 

Financing the Global Shift to Electric Mobility

Jan Bena1, Bo Bian1, Huan Tang2

1University of British Columbia, Canada; 2The Wharton School

Discussant: Joao Monteiro (Einaudi Institute for Economics and Finance (EIEF))

Bena-Financing the Global Shift to Electric Mobility-1225.pdf


Auto Finance in the Electric Vehicle Transition

Elizabeth Klee1, Adair Morse2, Chaehee Shin1

1Federal Reserve Board; 2UC-Berkeley

Discussant: Miriam Schwartz (Hebrew University of Jerusalem)

Klee-Auto Finance in the Electric Vehicle Transition-890.pdf


Do ESG Investors Care About Carbon Emissions? Evidence From Securitized Auto Loans

Christian Kontz

Stanford GSB, United States of America

Discussant: Lior Shabtai (Northwestern University)

Kontz-Do ESG Investors Care About Carbon Emissions Evidence-1112.pdf
 
1:30pm - 3:15pm1.7: PhD Session 1: Intermediaries and Pricing
Location: Tegel
Session Chair: Elena Loutskina, UVA
 

The Flattening Demand Curves

Alireza Aghaee Shahrbabaki

Bocconi University, Italy

Discussant: Chotibhak Jotikasthira (SMU - Cox School of Business)



Disentangling the Loan Premium: The Value of Bank Lending

Zhuolu Gao

Copenhagen Business School, Denmark

Discussant: Christopher James (University of Florida)



Monetary Policy Complementarity: Bank Regulation and the Term Premium

Stefan Walz

Columbia Business School, United States of America

Discussant: Johan Walden (University of California, Berkeley)

 
3:15pm - 3:30pmCoffee Break
Location: Gartenlounge
3:30pm - 5:15pm2.1: Data Use by Banks and FinTechs
Location: Tiergarten
Session Chair: S "Vish" Viswanathan, Duke University
 

Fintech Disruption, Banks, and Credit (Dis-)Intermediation: When Do Foes Become Friends?

Yasser Boualam1, Paul Yoo2

1UNC Kenan-Flagler Business School; 2American University - Kogod School of Business

Discussant: Yue Yuan (University College London)

Boualam-Fintech Disruption, Banks, and Credit-1046.pdf


Information Span in Credit Market Competition

Zhiguo He2, Jing Huang1, Cecilia Parlatore3

1Texas A&M University; 2Stanford University; 3New York University

Discussant: Basil Williams (Imperial College)

He-Information Span in Credit Market Competition-928.pdf


The Limits of Big Data in Credit Markets

Uday Rajan2, Yan Xiong1

1Hong Kong University of Science and Technology, Hong Kong S.A.R. (China); 2University of Michigan

Discussant: Stefano Pegoraro (University of Notre Dame)

Rajan-The Limits of Big Data in Credit Markets-259.pdf
 
3:30pm - 5:15pm2.2: Pricing of Corporate Bond and ABS Characteristics
Location: Köpenick
Session Chair: Andrew Winton, University of Minnesota
 

Textual Disclosure in Prospectuses and Investors’ Security Pricing

Jörn Debener1, Arved Fenner1, Philipp Klein1,2,3, Steven Ongena3,4,5,6,7

1University of Münster, Germany; 2University of Paderborn, Germany; 3University of Zurich, Switzerland; 4SFI; 5KU Leuven; 6NTNU Business School; 7CEPR

Discussant: Melina Papoutsi (ECB)

Debener-Textual Disclosure in Prospectuses and Investors’ Security Pricing-158.pdf


Heterogeneous Intermediaries and Bond Characteristics in the Transmission of Monetary Policy

Matteo Leombroni1, Federic Holm-Hadulla2

1Boston College, United States of America; 2ECB

Discussant: Veronica De Falco (Harvard University)

Leombroni-Heterogeneous Intermediaries and Bond Characteristics-663.pdf


Financially Sophisticated Firms

Lira Mota, Kerry Siani

MIT SLOAN SCHOOL OF MANAGEMENT, United States of America

Discussant: Stefano Lugo (Utrecht University)

Mota-Financially Sophisticated Firms-1537.pdf
 
3:30pm - 5:15pm2.3: Bank Assets
Location: Charlottenburg I
Session Chair: Jan P. Krahnen, SAFE, Goethe University Frankfurt
 

Failing Banks

Sergio Correia1, Stephan Luck2, Emil Verner3

1Board of Governors of the Federal Reserve System; 2Federal Reserve Bank of New York; 3MIT

Discussant: Kasper Zimmermann (Frankfurt School of Finance & Management)

Correia-Failing Banks-1255.pdf


Monetary Transmission through Bank Securities Portfolios

Daniel Greenwald1, John Krainer2, Pascal Paul3

1New York University; 2Board of Governors of the Federal Reserve; 3Federal Reserve Bank of San Francisco

Discussant: Filippo De Marco (Bocconi University)

Greenwald-Monetary Transmission through Bank Securities Portfolios-784.pdf


The Secular Decline in Interest Rates and the Rise of Shadow Banks

Andres Pablo Sarto, Olivier Wang

New York University

Discussant: Dmitry Kuvshinov (Universitat Pompeu Fabra)

Sarto-The Secular Decline in Interest Rates and the Rise-800.pdf
 
3:30pm - 5:15pm2.4: Factors in Bond and Equity Returns
Location: Charlottenburg II
Session Chair: Svetlana Bryzgalova, London Business School
 

Does Peer-Reviewed Research Help Predict Stock Returns?

Andrew Chen1, Alejandro Lopez Lira2, Tom Zimmermann3

1Federal Reserve Board; 2University of Florida; 3University of Cologne

Discussant: Shri Santosh (University of Maryland)

Chen-Does Peer-Reviewed Research Help Predict Stock Returns-1551.pdf


The Corporate Bond Factor Zoo

Alexander Dickerson1, Christian Julliard2, Philippe Mueller3

1University of New South Waes, Australia; 2London School of Economics, United Kingdom; 3Universisty of Warwick, United Kingdom

Discussant: Lukas Schmid (USC Marshall School of Business)

Dickerson-The Corporate Bond Factor Zoo-771.pdf


Corporate Bond Factors: Replication Failures and a New Framework

Jens Dick-Nielsen, Peter Feldhütter, Lasse Heje Pedersen, Christian Stolborg

Copenhagen Business School, Denmark

Discussant: Chuck Fang (Drexel University)

Dick-Nielsen-Corporate Bond Factors-814.pdf
 
3:30pm - 5:15pm2.5: Student Loans and Entrepreneurship
Location: Charlottenburg III
Session Chair: Merih Sevilir, ESMT-Berlin and Halle Institute for Economic Research (IWH), ECGI
 

The Effects of the QSBS Exemption on Entrepreneurship and Innovation

Jun Chen1, Joan Farre-Mensa2

1Renmin University of China; 2University of Illinois Chicago

Discussant: Alexander Reifschneider (Halle Institute for Economic Research (IWH))

Chen-The Effects of the QSBS Exemption on Entrepreneurship and Innovation-938.pdf


Labor Market Polarization and Student Debt

Sanket Korgaonkar1, Elena Loutskina1, Constantine Yannelis2

1University of Virginia; 2University of Chicago

Discussant: Tim Liu (University of Utah)

Korgaonkar-Labor Market Polarization and Student Debt-1307.pdf


The Effect of Student Loans on Entrepreneurial Firm Risk-taking, Performance, and Access to Venture Capital with Implications for the Biden Administration's Student Loan Forgiveness Program

Harshit Rajaiya1, Tom Chemmanur2, Karthik Krishnan3, Pinshuo Wang4

1University of Ottawa, Canada; 2Boston college; 3Northeastern University; 4University of South Florida

Discussant: Ekaterina Gavrilova (Nova School of Business and Economics)

Rajaiya-The Effect of Student Loans on Entrepreneurial Firm Risk-taking, Performance, and-1296.pdf
 
3:30pm - 5:15pm2.6: Climate Concerns of Households and Analysts
Location: Schöneberg
Session Chair: Mariassunta Giannetti, Stockholm School of Economics
 

Household Climate Finance: Theory and Survey Data on Safe and Risky Green Assets

Shifrah Aron-Dine2, Johannes Beutel1, Monika Piazzesi2, Martin Schneider2

1Deutsche Bundesbank; 2Stanford University

Discussant: Ye Zhang (Stockholm School of Economics)

Aron-Dine-Household Climate Finance-424.pdf


Fighting Climate Change with FinTech

Antonio Gargano1, Alberto Rossi2

1University of Houston; 2Georgetown University

Discussant: Ruidi Huang (Southern Methodist University)

Gargano-Fighting Climate Change with FinTech-276.pdf


Climate Value and Values Discovery in Earnings Calls

Zacharias Sautner1, Grigory Vilkov2, Laurence van Lent3, Ruishen Zhang4

1University of Zurich and Swiss Finance Institute; 2Frankfurt School of Finance & Management; 3Frankfurt School of Finance & Management; 4Shanghai University of Finance and Economics

Discussant: Maria Loumioti (The University of Texas at Dallas)

Sautner-Climate Value and Values Discovery in Earnings Calls-1099.pdf
 
3:30pm - 5:15pm2.7: PhD Session 2: Climate Risks and Effects of IPOs
Location: Tegel
Session Chair: Martin Oehmke, London School of Economics
 

What Drives Beliefs about Climate Risks? Evidence from Financial Analysts

Matilde Faralli

Imperial College London, United Kingdom

Discussant: Raghavendra Rau (University of Cambridge)



Climate Risk and Contract Completeness: Evidence from Corporate Real Estate Leases

Masashi Takahashi

Pennsylvania State University, United States of America

Discussant: Francesco D\'Acunto (Georgetown University)



The Silicon Divide: High-Technology IPOs and the Widening Socioeconomic Gap

Wenchuan Zhao

University of Oxford, United Kingdom

Discussant: Ting Xu (University of Toronto)

 
6:00pm - 8:00pmElsevier-Sponsored Welcome Reception
Location: Hugos 360°

 
Contact and Legal Notice · Contact Address:
Privacy Statement · Conference: FIRS 2024
Conference Software: ConfTool Pro 2.6.153+TC
© 2001–2025 by Dr. H. Weinreich, Hamburg, Germany