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: 17th Apr 2026, 04:41:29pm EDT
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Agenda Overview |
| 1:30pm - 3:15pm |
Covenants, Bank Specialization, and Equity Returns Chair: Simon Gervais, Duke University Do Covenants Bite Softly? Theory and Structural Estimates of Creditor Control Rights HEC Paris, France Lender Specialization in Small Business Lending The Graduate Center, CUNY, United States of America The Intersection of Expected Returns The University of Arizona, United States of America |
Healthcare and Finance Chair: Christopher Hansman, Emory Going for Broker? Intermediation in Health Insurance Markets 1: Department of Economics, University of Minnesota - Twin Cities; 2: Sloan School of Management, MIT; 3: Department of Economics, DePaul University; 4: Carey School of Business, Johns Hopkins University Hidden Medical Debt and Consumer Access to Credit University of Virginia, United States of America What Constrains Medicare Fraud? The Role of Firm Culture in Nursing Homes 1: University of Texas, McCombs School of Business; 2: University of Rochester, Simon Business School, United States of America |
Credit Supply Chair: Daniel Carvalho, Kelley School of Business Estimating the Impact of Loan Supply Shocks 1: Tel Aviv University; 2: Banco de España; 3: Imperial College London; 4: CEPR; 5: ABFER; 6: University of Manchester; 7: IZA A Public-Private Partnership? Central Bank Funding and Credit Supply 1: Bank for International Settlements, Switzerland; 2: Bank of England; 3: Copenhagen Business School Banks' Inflation Expectations and Credit Allocation: the Fisher Effect 1: Bocconi University, Italy; 2: Di Tella University, Argentina |
Demand Systems and Asset Pricing Chair: Erik Loualiche, University of Minnesota How (Not) to Identify Demand Elasticities in Dynamic Asset Markets 1: University of Rochester, Simon Business School, United States of America; 2: University of Pennsylvania Risk and Return in Asset Demand Systems 1: Warwick Business School, University of Warwick, United Kingdom; 2: Department of Economics, University of Warwick, United Kingdom A Trilemma for Asset Demand Estimation 1: University of Texas at Austin, United States of America; 2: Santa Clara University, United States of America |
| Collateral and Covenants Chair: William Mann, Emory University Collateral, Monitoring, and Bank Information Production KU Leuven Monetary Policy Exposure of Banks and Loan Contracting 1: Federal Reserve Board; 2: University of Missouri, United States of America Do Institutional Investors Trade on Covenant Violations? 1: NYU Stern School of Business; 2: Frankfurt School of Finance & Management, Germany |
Climate Finance I Chair: Kunal Sachdeva, University of Michigan Beyond the Storm: Climate Risk and Insurers of Last Resort 1: Kelley School of Business, Indiana University, United States of America; 2: USF Flooded House or Underwater Mortgage? The Macrofinancial Implications of Climate Change and Adaptation Nova SBE, Portugal The Economics of Insurance Guaranty Funds 1: University of Pennsylvania; 2: Harvard Business School; 3: Arizona State University; 4: Columbia University |
Labor and Finance Chair: Janet Gao, Georgetown University Firms as Electoral Monopsonies 1: Indiana University, Kelley School of Business, United States of America; 2: University of Alberta; 3: University of California -- San Diego, Rady School of Management Big Data and Bigger Firms: A Labor Market Channel The University of North Carolina at Chapel Hill, United States of America Task Efficiency and Signaling in the Age of GenAI: Effort Reallocation and Firm Value Effects Erasmus University, Netherlands, The |
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| 3:15pm - 3:30pm |
Cof1 |
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| 3:30pm - 5:15pm |
Mortgage Finance and Property Insurance Chair: Adriano Rampini, Duke University "Giving Up": The Impact of Decreasing Housing Affordability on Consumption, Work Effort, and Investment 1: University of Chicago, United States of America; 2: Northwestern University Unintended Risks of Bank Capital Regulations University of California, San Diego, United States of America The Rise in Insurance Costs for Commercial Properties: Causes, Effects on Rents, and the Role of Owners University of Texas at Austin |
ESG and Contracting Chair: Deeksha Gupta, Johns Hopkins The Role of Social Value in Contracting 1: University of Exeter, United Kingdom; 2: University of Virginia’s McIntire School of Commerce; 3: McGill University (Ir)responsible Takeovers University of Washington, United States of America Beyond ESG: Executive Pay Metrics and Shareholder Support 1: University of Virginia, CEPR, ECGI; 2: Stockholm School of Economics, CEPR, ECGI; 3: Stockholm School of Economics |
Open Banking and Alternative Data Chair: Julapa Jagtiani, Federal Reserve Bank of Philadelphia Open Banking and Competition in Banks and Fintech: Evidence from Mobile Apps London School of Economics and Political Science, United Kingdom Data as Collateral: Open Banking for Small Business Lending Tsinghua University Borrowers in the Shadows: The Promise and Pitfalls of Alternative Credit Data 1: University of Utah, Eccles School of Business; 2: University of Texas at Austin, Mc{C}ombs School of Business; 3: Emory University, Goizueta Business School; 4: Ohio State University, Fisher College of Business |
Re-evaluating Concepts in Asset Pricing Chair: Dimitri Vayanos, London School of Economics Asset Pricing with Supply Shocks 1: The Chinese University of Hong Kong, Hong Kong S.A.R. (China); 2: The Chinese University of Hong Kong, Hong Kong S.A.R. (China); 3: Cornell University; 4: Cornell University Erasing Alpha 1: Michigan State University, United States of America; 2: Ohio State University; 3: City St George's, University of London; 4: University of Notre Dame Equity Valuation Without DCF 1: London School of Economics, United Kingdom; 2: Korea University |
| Private Equity Chair: Vladimir Mukharlyamov, Georgetown University Selling to Yourself: Continuation Funds in Private Equity 1: University of Virginia, United States of America; 2: University of British Columbia; 3: University of Notre Dame; 4: Stanford University; 5: The Ohio State University FX Neglect in Private Equity Buyouts 1: University of St. Gallen; 2: Swiss Finance Institute How do Barbarians Get to the Gates? Private Equity Careers, Styles, and Returns University of Florida, United States of America |
Role of Funds in Intermediation Chair: Jiekun Huang, University of Illinois - Urbana Champaign Asset Reclassification and Mutual Fund Flows Vanderbilt University, United States of America The Longs and Shorts of Hedge Funds 1: University of Hong Kong; 2: National Taiwan University; 3: University of Rochester, United States of America The Hidden Cost of Stock Market Concentration: When Funds Hit Regulatory Limits University of Chicago Booth School of Business, United States |
Retail Investor Trading Behavior Chair: Alok Kumar, University of Miami Bot-induced social media manipulation and stock market distortion 1: University South Florida, United States of America; 2: University of Memphis; 3: Mendel University in Brno Dissecting Retail Investor Trading Tendencies 1: University of California at Irvine; 2: Georgia Institute of Technology; 3: University of Tennessee Risk-Taking Over Very Long Horizons: Investors’ Lifetime Returns and Exit from the Stock Market 1: University of Illinois at Urbana-Champaign, United States of America; 2: Aalto University; 3: Tsinghua University; 4: Shanghai Jiaotong University |
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| 8:30am - 10:15am |
Beliefs and Expectations Chair: Snehal Banerjee, University of Michigan From Numbers to Words: Breaking Down Institutional Beliefs 1: Bocconi University; 2: London Business School, United Kingdom Fading-Memory Expectations in Equity Markets INSEAD, Singapore Experience-Driven Mental Models 1: University of Rochester, United States of America; 2: Chinese University of Hong Kong, Shenzhen |
Bank Deposits Chair: Elena Carletti, Bocconi University Sticky Deposits, not Depositors 1: BYU; 2: MIT and NBER Deposit Competition Beyond Rates 1: Berkeley Haas, United States of America; 2: Stanford GSB, United States of America; 3: Berkeley Haas, United States of America How Do Government Guarantees Affect Deposit Supply? 1: Ohio Fisher, United States of America; 2: Michigan Ross, United States of America; 3: UCLA Anderson, United States of America; 4: Texas McCombs, United States of America |
Macro-Finance Chair: Leyla Han, Boston University The Original Sin Revisited: Investor Composition and Sovereign Risk 1: Harvard University, United States of America; 2: European Central Bank The Costs of Financial Crises in the United States 1: National University of Singapore; 2: Princeton University The Austerity Threshold 1: Johns Hopkins University, United States of America; 2: The Wharton School, University of Pennsylvania; 3: Columbia Business School |
| Entrepreneurial Finance Chair: Emmanuel Yimfor, Columbia University Elite Capture: Government Loan Guarantees for Startups University of Amsterdam, Netherlands, The Multilateral Contracting in Stage Financing 1: UNC, United States of America; 2: UT Dallas, United States of America Venture Fraud University of Toronto, Canada |
Household Investments Chair: Nandini Gupta, Indiana University Household Portfolio and Deposit Insurance: Implications for the Supply of Safe Assets 1: Washington University in St Louis, United States of America; 2: IIM Bangalore; 3: Bocconi University Financial Advisors and Retirees’ Risk-Taking 1: Indiana University, United States of America; 2: Arizona State University; 3: Washington University in St. Louis Rising Risk Among the Rich: Implications for Wealth Inequality and Interest Rates 1: University of Wisconsin; 2: University of Minnesota; 3: New York University; 4: US Census Bureau; 5: Massachusetts Institute of Technology |
Corporate Governance - Theory and Empirics Chair: Alon Brav, Duke University Impact Trickles Down: Exit, Engagement and Firm-Stakeholder Relationships 1: HKUST, Hong Kong S.A.R. (China); 2: Columbia University Hedge Fund Activism and the Retreat from Corporate Science 1: Duke University; 2: University of Utah Blockholder Representation on the Board: Theory and Evidence 1: University of Wuppertal; 2: University of Bielefeld; 3: HEC Paris, France |
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| 10:15am - 10:30am |
Cof2 |
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| 10:30am - 12:15pm |
Technology and Patents Chair: Thomas Chemmanur, Boston College Why Don't Old Firms Do New Things? 1: Northwestern University; 2: Stanford University; 3: University of Michigan; 4: University of Chicao Demographics and Technology Adoption BI Norwegian business school, Norway Patent Intensity, Firm Life Cycle, and the Long-Run Return and Risk Dynamics of Technological Innovators 1: Said Business School, University of Oxford, United Kingdom; 2: Sauder School of Business, University of British Columbia; 3: Theory and Practice |
Bank Regulation Chair: Amiyatosh Purnanandam, University of Texas Rules versus Disclosure: Prudential Regulation and Market Discipline 1: UT Austin, United States of America; 2: University of Santa Clara; 3: UT Austin, United States of America Mitigating the risks of deregulation: The role of supervisory attention 1: Bocconi University, Italy; 2: Federal Reserve Board of Governors When Banks Fail: Depositor Attention and the Cost of Funding for Survivors 1: Emory University Goizueta Business School; 2: Boston College |
Inefficiencies in ETFs Chair: Alexander Chinco, Michigan State University Underlying Valuation Uncertainty, Strategic ETF Creation and Pricing Efficiency 1: Southern Methodist University, United States of America; 2: University of Maryland; 3: University of Waterloo Index Disruption: The Promise and Pitfalls of Self-Indexed ETFs 1: UNIV OF OXFORD, United Kingdom; 2: Brandies University ETFs as a disciplinary device 1: BIS (Bank for International Settlements), Switzerland; 2: Hong Kong University of Science and Technology |
| Information and Timing in Financial Markets Chair: Liyan Yang, University of Toronto Certain vs Uncertain Timing: Financial Markets and Pricing Implications NYU Stern, United States of America The Magic of Markets: Information Acquisition and Aggregation with Strategic Traders Duke University, United States of America Data versus Information Sales under Financial Constraints 1: University of Rochester, United States of America; 2: University of Wisconsin-Madison; 3: University of Rochester Simon Business School, |
Climate Finance II Chair: Jawad Addoum, Cornell University Government-Funded Green Banks: Catalysts for the Green Transition 1: IESE Business School, University of Navarra; 2: Harvard Business School, Harvard University; 3: American University, United States of America Cap and Trade with Imperfect Hedging 1: HEC Paris, France; 2: UCLA, USA The Labor Market Effects of Carbon Pricing 1: EPFL & Swiss Finance Institute; 2: Tilburg University; 3: Luiss; 4: Norges Bank |
Shareholder Voting Chair: Michelle Lowry, Drexel University Fragmentation of Shareholder Power 1: Boston College, United States of America; 2: University of Toronto, Canada Information and Preferences in Shareholder Voting 1: Duke University; 2: Rice University; 3: Individual Freeriders and Underdogs: Participation in Corporate Voting 1: Queen Mary University of London, United Kingdom; 2: Cornell University |
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| 12:30pm - 2:00pm |
Lunch1 |
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| 2:30pm - 4:15pm |
Supply Chains and Trade Credit Chair: Adrien Matray, Atlanta Fed Cross-border knowledge flow, international supply chains, and the innovation ecosystem: a cautionary reminder for aggressive trade policy 1: Chinese University of Hong Kong, Hong Kong S.A.R. (China); 2: University of Liverpool The Ripple Effect: Supply Chain Reconfigurations and Cross-border Credit Dynamics 1: Federal Reserve Board, United States of America; 2: Bank of Italy; 3: Bank of Spain; 4: Banco de la Republica Corporate Liquidity Supply from Non-Bank Intermediaries and the Real Effects of Factoring 1: CUHK Business School; 2: Wharton School; 3: Central Bank of Brazil |
Bank Lending Chair: Elena Loutskina, Darden School of Business How Costly is It for Firms to Find a New Bank? 1: federal reserve bank of new york; 2: university of chicago; 3: federal reserve bank of richmond; 4: columbia university Bank Financing of Global Supply Chains 1: Federal Reserve Bank of Atlanta, United States of America; 2: Harvard University; 3: Inter-American Development Bank; 4: International Monetary Fund; 5: Ibmec-RJ Bank Sentiment, Loan Loss Provisioning, and Lending 1: University of South Carolina, Darla Moore School of Business, United States of America; 2: KAIST, Korea |
Geopolitical Risk Chair: Naveen Gondhi, INSEAD Geopolitical Risk and Stock Returns 1: UC Irvine, United States of America; 2: Hong Kong Baptist University Political risk everywhere 1: Morningstar Investment Management LLC; 2: BI Norwegian Business School, Norway; 3: Wisconsin School of Business; 4: Durham University Military Hegemony as Enforcement Capital: A Fiscal Theory of the Global Financial Cycle University of Arizona, United States of America |
| Trading and Reinforcement Learning Chair: Haoxiang Zhu, Massachusetts Institute of Technology (MIT) (Deep) Learning to Trade: An Experimental Analysis of AI Trading and Market Outcomes 1: Frankfurt School of Finance & Management, Germany; 2: Luiss University Financial Market Fragility in the Era of AI Planning 1: University of Pennsylvania and NBER; 2: HKUST Trading against Algorithms: Price Dynamics and Risk-sharing in a Market with Q-learners 1: University of Michigan, United States of America; 2: Hong Kong University of Science and Technology |
Corporate Financing and Investment Policies Chair: Carola Schenone, University of Virginia Investment, Debt and Taxes 1: Duke University, United States of America; 2: Chicago Fed; 3: Wash U in St Louis; 4: San Diego State University Strategic Bankruptcy and Corporate Negligence 1: Harvard Business School; 2: University of Georgia; 3: University of Michigan The Optimal Schedules of Incentives and Cash Flows 1: University of Georgia, United States of America; 2: University of Washington, United States of America |
Venture Capital Chair: Jie He, University of Georgia Tax Incentives and Venture Capital Risk-Taking 1: University of Florida; 2: NBER Group vs. Individual Decision Making Under Real World Uncertainty: Internal Evidence from a Venture Capital Accelerator 1: Texas A&M University; 2: Texas A&M University Retail Capital as a Stepping Stone in Venture Capital: Theory and Empirics 1: Stockholm University; 2: Columbia Business School |
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| 8:30am - 10:15am |
Asset Prices and Corporate Policies Chair: Vyacheslav (Slava) Fos, Boston College The Fed Information Effect and Firm Investment 1: Georgia Institute of Technology; 2: Federal Reserve Bank of Atlanta; 3: University of Delaware; 4: Babson College Learning about Discount Rates INSEAD, France Do Share Repurchases Increase the Value of Non-repurchasing Firms? UC Irvine, United States of America |
Bank Stability Chair: Robert Marquez, University of California, Davis Dealers, Information, and Liquidity Crises in Safe Assets 1: Copenhagen Business School, Denmark; 2: Bank of England Interest Rate Risk and Bank Hedging 1: Stanford University, United States of America; 2: Northwestern University, United States of America; 3: NBER Fragile Financing? How Corporate Reliance on Shadow Banking Affects their Access to Bank Liquidity 1: NYU Stern; 2: Georgia Institute of Technology,; 3: Frankfurt School of Finance; 4: CEPR; 5: NBER; 6: ECGI |
Predicting Prices and Returns Chair: Seth Pruitt, ASU Dinner Table Alphas 1: University of Texas at Dallas, United States of America; 2: University of Maryland; 3: Harvard Business School Price Agnostic Demand 1: Boston College, United States of America; 2: University of Chicago Haven’t We Seen This Before? Return Predictions from 200 Years of News 1: University of British Columbia, Canada; 2: University of Southern California, USA |
| Cryptocurrencies and Tokens Chair: Alfred Lehar, University of Calgary The Design of Central Bank Digital Currencies and Consumer Demand 1: University of Houston, United States of America; 2: Georgetown University, United States of America; 3: Alliance Manchester Business School Optimal Policy for Financial Market Tokenization International Monetary Fund, United States of America Are Crypto Anti-Money Laundering Policies Effective? McCombs School of Business, University of Texas at Austin, United States of America |
LLMs and AI Chair: Anastassia Fedyk, UC Berkeley Haas Behavioral Economics of AI: LLM Biases and Corrections 1: Boston University, United States of America; 2: Cornell University, United States of America; 3: NBER Writing Matters: Generative AI as an Academic Impact Equalizer 1: University of Rochester, United States of America; 2: University of Texas at Dallas, United States of America How Good is Generative AI Personal Financial Advice? 1: Stanford University, United States of America; 2: Massachusetts Institute of Technology, United States of America |
Conflicts of Interest in Financial Intermediation Chair: Anjan Thakor, washington university in st. louis China Walls 1: Hong Kong Polytechnic University, Hong Kong S.A.R. (China); 2: The Wharton School; 3: Central European University Conflicts of Interest in Universal Banks 1: Goethe University, Germany; 2: Chicago Booth Beyond Creation and Redemption: Principal Trading by Bond ETFs 1: University of Waterloo; 2: Cornell University; 3: Southern Methodist University, United States of America |
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| 10:15am - 10:30am |
Cof3 |
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| 10:30am - 12:15pm |
Real Estate Chair: Timothy McQuade, Haas School of Business, UC Berkeley Supply Constraints Do Not Explain House Price and Quantity Growth Across U.S. Cities 1: Federal Reserve Bank of San Francisco, United States of America; 2: University of California, Irvine The Long-Run Effects of Remote Work on U.S. Office Markets 1: SUNY Buffalo, United States of America; 2: University of North Carolina, Chapel Hill; 3: University of California San Diego, Rady School of Management The Commercial Real Estate Ecosystem 1: Booth School of Business, University of Chicago; 2: Columbia Business School |
Payment Fragmentation and Timing Chair: Christine Parlour, UC Berkeley The Effect of Instant Payments on the Banking System: Liquidity Transformation and Risk-Taking 1: Massachusetts Institute of Technology, United States of America; 2: Central Bank of Brazil, Brazil; 3: Columbia University, United States of America; 4: University of Pennsylvania, United States of America Integrating Fragmented Networks: Interoperability in Money and Payments 1: International Monetary Fund, United States of America; 2: Wharton School, University of Pennsylvania; 3: NBER Payment Timing Federal Reserve Board, United States of America |
Cross-sectional Stock Returns Chair: Shrihari Santosh, University of Maryland Size Distortions in Robust Estimators: Implications for Asset Pricing 1: HEC Montreal, Canada; 2: University of Toronto, Canada Macroeconomic reports and the cross-section of industry returns Technical University of Munich, Germany The Relative Price Premium 1: University of Iowa, United States of America; 2: BI Oslo; 3: Indiana University |
| Instruments: Applications and Critique Chair: Malcolm Wardlaw, University of Georgia The Channels of Amplification: Dissecting the Credit Boom that led to the Global Financial Crisis UIUC Gies, United States of America From Cayman to Main Street: Offshore Tax Transparency and Small Business Lending 1: INSEAD, France; 2: National University of Singapore Business School Investigating Instruments with Meta-Regressions 1: University of Texas at Austin McCombs School of Business, United States of America; 2: Colorado State University |
Repos Chair: Ernst-Ludwig von Thadden, University of Mannheim Negative Treasury Haircuts 1: Office of Financial Research; 2: Federal Reserve Bank of Boston; 3: Harvard Business School, United States of America Short-Circuiting Short-Term Funding 1: Office of Financial Research, United States of America; 2: Federal Reserve Board of Governors Treasury Tri-party Repo Pricing 1: Federal Reserve Board, United States of America; 2: Office of Financial Research, U.S. Department of the Treasury |
CEO and Employee Compensation Chair: Pedro Matos, University of Virginia Human Capital Metrics and CEO Pay 1: University of Connecticut, United States of America; 2: Wagner College; 3: Cornell University; 4: Ohio State University Employee Forgivable Loans 1: INSEAD and Wharton, France; 2: INSEAD When the Tax Break Breaks: CEO Pay and Turnover Following TCJA 1: ASU, United States of America; 2: Texas Christian University; 3: Cornell University |
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| 12:30pm - 2:00pm |
Lunch2 |
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| 2:30pm - 4:15pm |
Legal Actions Chair: Edie Hotchkiss, Boston College The Real Effects of Bankruptcy Forum Shopping 1: UNC, United States of America; 2: Harvard Business School Judicial Enforcement, Credit Frictions, and the Transmission of Bankruptcy through Firm Networks 1: UCP, Portugal; 2: Banco de Portugal A Theory of Shareholder Class Action UT Dallas, United States of America |
Relationship Between Banks and Non-Banks Chair: Indraneel Chakraborty, University of Miami Lending to Hedge Funds: Does Competition Erode Bank Risk Management? Deutsche Bundesbank, Germany Banks and non-banks: competitors in loans originations, partners in regulatory arbitrage University College London, United Kingdom How Does Bank Lending To Non-Banks Affect Credit Allocation And Systemic Risk 1: Tulane University; 2: Muthoot FinCorp Ltd. |
Options and Futures Chair: Dmitriy Muravyev, University of Illinois Urbana-Champaign Intermediary Option Pricing University of Michigan, United States of America On the No-Arbitrage Relation between Securities\\ Lending Fees and Option Prices 1: City University of Hong Kong; 2: University of Utah, United States of America Exchange-Traded Liquidity 1: Copenhagen Business School; 2: Aarhus University; 3: Chinese University of Hong Kong |
| Human Capital Chair: Margarita Tsoutsoura, Washington University Luck as a Mixed Blessing 1: McDonough School of Business, Georgetown University; 2: Terry College of Business, University of Georgia; 3: Owen Graduate School of Management, Vanderbilt University; and Kelley School of Business, Indiana University; 4: Fisher College of Business, Ohio State University Economic Opportunity Costs: Banking Access and Educational (Dis)Investment 1: National University of Singapore, Singapore; 2: IIM Bangalore Investing in Human Capital Incubation 1: Northwestern University; 2: University of Southern California; 3: Ohio State University |
Corporate Policies - Evidence from Textual Analysis Chair: S. Viswanathan, Duke University Intangible Intensity 1: University of California, Los Angeles; 2: University of Michigan Corporate Horizons UVA Darden, United States of America The Equity Constraint Channel of Monetary Policy University of Illinois at Urbana-Champaign, United States of America |
Takeover Effects - Positive and Negative Chair: Thomas Bates, Arizona State University The Real Effects of Valuation Mistakes:\\ Estimates from Mergers and Acquisitions 1: HEC Paris, France; 2: University of Bern Acquiring Supplier Networks: Domestic Mergers for International Supply Chain Resilience 1: Chinese University of Hong Kong, Hong Kong S.A.R. (China); 2: Ohio State University; 3: Stevens Institute of Technology The Effect of Takeovers on Knowledge Worker Productivity 1: Central European University; 2: University of Vienna, Austria |
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