PROGRAM - FRIC’17: Conference on Financial Frictions
  Thursday 17-18 August 2017, CBS Flintholm Campus

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Thursday 17 August, 2017

 

08:15

-

09:00      

Registration and coffee

 

09:00

-

09:15

Welcome and opening remarks David Lando and Lasse Heje Pedersen

 

09:15 - 10:00

SESSION ON COLLATERAL

Keynote: S. ‘Vish’ Viswanathan, Fuqua School of Business, Duke University: Collateral and Corporate Risk Management (joint with Adriano Rampini, Fuqua School of Business, Duke University)

Slides S. ‘Vish’ Viswanathan

 

10:00 - 10:45

SESSION ON COMMON OWNERSHIP

Martin C. Schmalz, Ross School of Business, University of Michigan: Common Ownership, Competition, and Top Management Incentives (with Miguel Anton, IESE Business School, Universidad de Navarra; Florian Ederer, Yale University; and Mireia Gine, IESE Business School, University of Navarra, The University of Pennsylvania)

Slides Martin C. Schmalz

 

Discussant: Morten Sørensen, Copenhagen Business School and CEPR

Slides Morten Sørensen

  

10:45 - 11:15

Coffee break

 

11:15 - 12:00

SESSION ON COLLATERAL – CONTINUED

Jennie Bai, Georgetown University: Safe Asset Shortages: Evidence from the European Government Bond Lending Market (with Reena Aggarwal, Georgetown University, and Luc Laeven, European Central Bank and CEPR)

 

Discussant: Emanuel Mönch, Deutsche Bundesbank and CEPR

Slides Emanuel Mönch

 

12:00

-

13:30

Lunch (standing)

 

13:30

-

14:15

SESSION ON FINANCIAL INSTITUTIONS

Miguel Ferreira, Nova School of Business and Economics and CEPR: Can Credit Rating Agencies Affect Election Outcomes? (with Igor Cunha, University of Kentucky and Rui Silva, London Business School)

 

Discussant: Bo Becker, Stockholm School of Economics and CEPR

Slides Bo Becker

 

14:15

-

15:00

Ilya Strebulaev, Graduate School of Business, Stanford University: Financing as a Supply Chain: The Capital Structure of Banks and Borrowers (with Will Gornall, University of British Columbia, Sauder School of Business)

 

Discussant: Suresh Sundaresan, Columbia Business School

 

15:00

-

15:30

Coffee break

 

15:30

-

16:15

Keynote: Rafael Repullo, Centro de Estudios Monetarios y Financieros (CEMFI) and CEPR: Markets, Banks and Shadow Banks (with David Martinez-Miera, UC3M and CEPR)

Slides Rafael Repullo
 

16:15

-

17:15

Cocktail reception

 

 

 

Friday 18 August, 2017

 

08:15

-

09:00

Registration and coffee
 

09:00

-

09:45

SESSION ON MARKET EFFICIENCY

Keynote: Paul Glasserman, Columbia Business School: Market Efficiency with Micro and Macro Information (with Harry Mamaysky, Columbia University)

 

09:45

-

10:30

Marcin T. Kacperczyk, Imperial College London and CEPR: Market Power and Price Informativeness (with Jaromir Nosal, Boston College and Savitar Sundaresan, Imperial College London)

Slides Marcin T. Kacperczyk

 

Discussant: Pedro Matos, University of Virginia, Darden School of Business

Slides Pedro Matos

 

10:30

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11:00

Coffee break

 

11:00

-

11:45

SESSION ON INVESTMENT

Adair Morse, Haas School of Business, University of California, Berkeley: Impact Investing

(with Brad M. Barber, University of California, Davis and Ayako Yasuda, University of California, Davis)

 

Discussant: Magnus Dahlquist, Stockholm School of Economics and CEPR

 

11:45

-

12:30

Keynote: Allan Timmermann, Rady School of Management, University of California, San Diego and CEPR: Transparency, Investor information acquisition, and money market fund risk rebalancing during the 2011-12 Eurozone crisis (with Emily Gallagher, Washington University, St Louis;  Lawrence Schmidt, University of Chicago and Russ Wermers, University of Maryland)

Slides Allan Timmermann

 

12:30

-

12:45

Closing remarks: David Lando and Lasse Heje Pedersen

 

12:45

-

14:30

Lunch (standing)

 

 

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Program in PDF

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