ESSFM 2014 - Papers (Corporate Finance)

Monday 21 July

Morning Session - Consumer Credit

08.30 - 09.30 Household Risk Management

*Adriano Rampini (Duke University and CEPR) with S. "Vish" Viswanathan (Duke University)

09.30 - 10.30 Sticking to Your Plan: Hyperbolic Discounting and Credit Card Debt Paydown

Theresa Kuchler  (NYU - Stern) 

11.00 - 12.00The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market

*Martin Kanz (World Bank) with Xavier Gine (World Bank)

 

Tuesday 22 July

Focus session - Finance and Development

08.30 - 09.30 The Impact of Weather Insurance on Agricultural Outcomes: Evidence from a Seven-Year Field Experiment

*Shawn Cole (Harvard Business School) with Raghabendra Chattopadhyay (Poverty Action Lab), Laura Litvine (Centre for Microfinance - IFMR), Dan Stein (World Bank), and Jeremy Tobacman (University of Pennsylvania)

09.30 - 10.30 Does Microfinance Foster Business Growth? The Importance of Entrepreneurial Heterogeneity

*Emily Breza (Columbia University) with Abhijit Banerjee (MIT) and Esther Duflo (MIT and CEPR)

11.00 - 12.00 Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response

*Sumit Agarwal (National University of Singapore) with Wenlan Qian (National University of Singapore)

 

Wednesday 23 July

Morning session - Innovation and Entrepreneurship

08.30 - 09.30 Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France

*Johan Hombert (HEC Paris) with Antoinette Schoar (MIT and CEPR), David Sraer (Princeton University and CEPR) and David Thesmar (HEC Paris and CEPR)

09.30 - 10.30 CEO Contract Horizon and Innovation

*Juanita González-Uribe (London School of Economics) with Moqi Xu (London School of Economics)

11.00 - 12.00 Causal Effects of Patent Lawsuits on M&A Activity

Tolga Caskurlu (University of Illinois, Urbana-Champaign)

 

Thursday 24 July

Focus Session - Aggregate Implications of Micro-level Frictions

08.30 - 09.30 Adverse Selection, Slow Moving Capital and Misallocation

*Dimitris  Papanikolaou (Northwestern University, Kellogg School of Management) with William Fuchs (UC Berkeley) and Brett Green (UC Berkeley)

09.30 - 10.30 Financial Frictions in Production Networks

*Jennifer La'o (Columbia University) with Saki Bigio (Columbia University)

11.00 - 12.00 Liquidity Risk and the Dynamics of Arbitrage Capital

*Péter Kondor (C entral European University and CEPR) with Dimitri Vayanos (LSE and CEPR)

 

Friday 25 July

Morning session - Distress, Renegotiation and Incentives

08.30 - 09.30 Do Empty Creditors Matter? Evidence from Distressed Exchange Offers

Andras Danis (Georgia Institute of Technology)

09.30 - 10.30 Debt Renegotiation and Investment Decisions Across Countries

*Enrique Schroth (Cass Business School) with Giovanni Favara (Federal Reserve Board), Erwan Morellec (EPFL and CEPR) and Philip Valta (HEC Paris)

11.00 - 12.00 Does Hedging Reduce the Cost of Delegation?

Sapnoti Eswar (London Business School)