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EUROPEAN SUMMER SYMPOSIUM IN FINANCIAL MARKETS
Generously hosted by
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The following papers will be presented at this conference. Please see the Programme for further details.
ESSFM paper (Corporate finance week only)
Why is hedge fund activism procyclical
*Mike Burkhart (Stockholm School of Economics and CEPR) and Amil Dasgupta (London School of Economics and CEPR)
Debt Relief and Debtor Outcomes: Measuring Effects of Consumer Bankruptcy Protection
*Will Dobbie (Princeton University) and Jae Song (Social Security Administration)
The Disciplinary Effects of Proxy Contests
*Vyacheslav Fos (University of Illinois)
Do Firms engage in risk shifting? Empirical Evidence
*Erik Gilje (University of Pennsylvania)
Rising Intangible Capital, Shrinking Debt Capacity and the US Corporate Savings Glut
Antonio Falato (Federal Reserve Board), *Dalida Kadyrzhanova (University of Maryland) and Jae Sim (Federal Reserve Board)
Financing from Family and Friends
*Samuel Lee (NYU – Stern) and Petra Persson (Columbia University)
Outsourcing Corporate Governance: Conflicts of Interest and Competition in the Proxy Advisory Industry
*Tao Li (Columbia University)
Tropical Lending: International Prices, Credit Constraints and Strategic Default among Coffee Washing Stations
*Rocco Macchiavello (Warwick University and CEPR) and Arthur Blouin (Warwick University)
Blood and Money - Kin altruism, governance, and inheritance in the family firm
*Thomas Noe (University of Oxford)
Innovation Cycles
Jiro Kondo (McGill University) and *Dimitris Papanikolaou (Northwestern University)
The Information and Agency Effects of Scores: Randomized Evidence from Credit Committees
*Daniel Paravisini (London School of Economics and CEPR) and Antoinette Schoar (MIT Sloan School of Management and CEPR)
Swinging for the Fences: Executive Reactions to Quasi-Random Options Grants
*Kelly Shue (University of Chicago) and Richard Townsend (Dartmouth College)
Endogenous Financial Constraints, Taxes, and Leverage
Shaojin Li (Shanghai University of Economics and Finance) and *Toni Whited (University of Rochester)
Asset Pricing
Valuation Risk and Asset Pricing
*Rui Albuquerque (Boston University and CEPR), Martin Eichenbaum (Northwestern University) and Sergio Rebelo (Northwestern University and CEPR)
*Adrian Buss (INSEAD), Bernard Dumas (INSEAD and CEPR), Raman Uppal (Edhec Business School and CEPR) and Grigory Vilkov (Goethe University Frankfurt)
Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles
*Jack Favilukis (London School of Economics) and Xiaoji Lin (Ohio State University)
Asset Pricing in the Frequency Domain - Theory and Empirics
*Stefano W Giglio (University of Chicago) and Ian Dew-Becker (Federal Reserve Bank of San Francisco)
Monetary Policy and Long-Term Real Rates
*Sam Hanson (Harvard University) and Jeremy Stein (Harvard University)
Thierry Foucault (HEC Paris and CEPR), *Johan Hombert (HEC Paris) and Ioanid Rosu (HEC Paris)
Short-term Debt and Financial Crisis: What we can learn from U.S. Treasury Supply
*Arvind Krishnamurthy (Northwestern University) and Annette Vissing-Jorgensen (Northwestern University)
Asset Pricing with Entry and Imperfect Competition
*Erik Loualiche (Northwestern University)
*Semyon Malamud (EPFL) and Marzena Rostek (University of Wisconsin)
Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
Nicolae Garleanu (UC Berkeley Haas School of Business and CEPR), *Stavros Panageas (University of Chicago – Booth School of Business), and Jianfeng Yu (University of Minnesota)
Commodity Trade and the Carry Trade: A Tale of Two Countries
Nikolai Roussanov (The Wharton School, University of Pennsylvania), *Robert Ready (University of Rochester) and Colin Ward (The Wharton School, University of Pennyslvania)
Asset Pricing: A Tale of Two Days
*Pavel Savor (The Wharton School, University of Pennyslvania) and Mungo Wilson (Said Business School, University of Oxford)
Firm Characteristics and Empirical Factor Models: a Data-Mining Experiment