Papers - ESSFM 2015 (CF)

Monday 13 July

 

Morning Session: Empirical banking: Wages, financial development, lending standards 

08.30 - 09.30 Since you’re so rich, you must be really smart: Talent and the Finance Wage Premium

*Per Johan Strömberg (Stockholm Institute for Financial Research and CEPR) with Daniel Metzger (Stockholm School of Economics)

09.30 - 10.30 Agricultural Productivity and Financial Development

*Jacopo Ponticelli  (U. of Chicago - Booth) with Paula Bustos (CREI, UPF and CEPR) and Bruno Caprettini (UPF)

11.00 - 12.00 Decision-Making under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

*Kelly Shue (University of Chicago) with Daniel Chen (University of Chicago) and Toby Moskowitz (University of Chicago)

 

Tuesday 14 July

 

Focus session: Experiments and Quasi-experiments

08.45 - 09.30 Incentive Effects of Equity Compensation: Employee-level Evidence from Google

Eric Zitzewitz (Darmouth)

09.30 - 10.15 Information Architecture and Intertemporal Choice: A Randomized Field Experiment in the United States

Yaron Levi (UCLA)

10.30 - 11.15 Team Incentives, Social Cohesion, and Performance: A Natural Field Experiment

Josse Delfgaauw (Erasmus University Rotterdam)

11.15 - 12.00 Competitiveness and the gender gap among young business professionals

Paola Sapienza (Northwestern University and CEPR)

 

Wednesday 15 July

 

Focus session: The Real Effects of Information Aggregation in Financial Markets  

08.30 - 09.30 Measuring The Informativeness Of Economic Actions And Market Prices

Philip Bond (University of Washington)

09.30 - 10.30 Informational Black Holes in Auctions

*Ulf Axelson (London School of Economics) with Igor Makarov (London School of Economics)

11.00 - 12.00 Target's Learning in M&A Negotiations

*Chong Huang (UC Irvine) with Qiguang Wang (UC Irvine)

 

Thursday 16 July

 

Morning Session: Corporate and Banking Theory

08.30 - 09.30 Multiple Lenders, Strategic Default and Covenants

*Andrea Attar (Toulouse School of Economics) with Catherine Casamatta (Toulouse School of Economics), Arnold Chassagnon (Tours University) and Jean Paul Decamps (Toulouse School of Economics)

09.30 - 10.30 Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment

*Andrey Malenko (MIT) with Steven Grenadier (Stanford University) and Nadya Malenko (Boston College)

11.00 - 12.00 Bank Capital, Bank Credit and Unemployment

*Giorgia Piacentino with Jason Donaldson and Anjan Thakor (all Washington University in St Louis) 

 

Friday 17 July

 

Morning session: Public finance, economics of marriage, the gambler's fallacy

08.30 - 09.30 The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration

*Miguel Ferreira (Universidade Nova de Lisboa and CEPR) with Manuel Adelino (Duke University) and Igor Cunha (Nova School of Business and Economics)

09.30 - 10.30 Credit and the Economics of Marriage: Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850

*Peter Koudijs (Stanford University) with Laura Salisbury (York University)

11.00 - 12.00 Lending Standards Over the Credit Cycle

*Nicolas Serrano-Velarde (Bocconi) with Emanuele Tarantino (University of Mannheim) and Giacomo Rodano (Bank of Italy)