Post on 06-Aug-2020
6TH CAMBRIDGE CORPORATE FINANCE THEORY SYMPOSIUM
The symposium covers all areas of theoretical corporate finance, including theory papers that combine corporate finance theory with a related area such as banking, market micro-structure, asset pricing, and financial accounting.
13-14 SEPTEMBER 2019
6th Cambridge Corporate Finance Theory Symposium 13-14 September 2019
Friday, 13 September
12.00 - 13.00 Lunch Great Hall, Old Court, Clare College, Trinity Lane entrance, Cambridge, CB2 1TL
13.30-14.00 Arrival and registration Clare College, Memorial Court,
Queens Road, Cambridge, CB3
9AJ
14.00 - 14.15 Introduction: Bart Lambrecht (CJBS and CEPR; Director CERF) All sessions take place at:
Clare College, Memorial Court,
Queens Road, Cambridge, CB3
9AJ
Session 1 – chair: Denis Gromb
14.15 – 15.05 Anatoli Segura (Bank of Italy), Alonso Villacorta (University of
California, Santa Cruz): Demand for Safety, Risky loans: A Model
of Securitization
Discussant: Joel Shapiro (Saïd Business School, University of
Oxford)
15.05 - 15.55 N. Aaron Pancost (University of Texas at Austin, McCombs
School of Business), Roberto Robatto (University of Wisconsin-
Madison, Wisconsin School of Business): The Effects of Capital
Requirements on Good and Bad Risk-Taking
Discussant: Pietro Dindo (Università Ca' Foscari Venezia)
15.55 – 16.15 Coffee break
Session 2 – chair: Ron Giammarino
16.15 - 17.05 Vincent Maurin (Stockholm School of Economics), David T.
Robinson (Duke University), Per Strὅmberg (Stockholm School of
Economics): A Theory of Liquidity in Private Equity
Discussant: Paolo Volpin (Cass Business School, City University
of London)
18.00 – 19.00 Punting (for Friday dinner guests only)
19.00 - 22.00 Conference Dinner (by invitation only)
6th Cambridge Corporate Finance Theory Symposium 13-14 September 2019 Saturday, 14 September, All sessions take place at: Clare College, Memorial Court, Queens Road, Cambridge, CB3 9AJ
08.45 - 09.00 Coffee
Session 3 – chair: Bart Lambrecht
09.00 - 09.50 Lorenzo Garlappi (Sauder School of Business, University of British Columbia), Ron
Giammarino (Sauder School of Business, University of British Columbia), Ali Lazrak
(Sauder School of Business, University of British Columbia): The Corporation as a
Group: Polarization and Investment Inefficiency
Discussant: Nadya Malenko (Boston College, Carroll School of Management)
09.50 – 10.40 Zhiyao Chen (Chinese University of Hong Kong), Dirk Hackbarth (Questrom School of
Business, Boston University), Ilya A. Strebulaev (Graduate School of Business,
Stanford University): A Unified Model of Distress Risk Puzzles
Discussant: Pierre Collin-Dufresne (EPFL)
10.40 – 11.10 Coffee and Group Photo
11.10 - 12.00 Keynote address: Itay Goldstein (Wharton School, University of Pennsylvania)
Session 4 – chair: Nadya Malenko
12.00 – 12.50 Christine A. Parlour (Haas School of Business, University of California at Berkeley),
Uday Rajan (Ross School of Business, University of Michigan), Haoxiang Zhu (MIT
Sloan School of Management): FinTech Disruption, Payment Data, and Bank
Information
Discussant: Gilles Chemla (Imperial College London)
12.50 – 14.00 Buffet Lunch
Session 5 – chair: Pierre Collin-Dufresne
14.00 – 14.50 Anil K Kashyap (Booth School of Business, University of Chicago), Natalia Kovrijnykh
(Arizona State University), Jian Li (University of Chicago), Anna Pavlova (London
Business School): The Benchmark Inclusion Subsidy
Discussant: Simon Gervais (The Fuqua School of Business, Duke University)
14.50 – 15.40 Max Bruche (Humboldt University of Berlin), John C.F. Kuong (INSEAD): Dealer
Funding and Market Liquidity
Discussant: Peter Kondor (London School of Economics)
15.40 – 16.00 Coffee Break
Session 6 – chair: Simon Gervais
16.00 – 16.50 Gary B. Gorton (Yale School of Management), Alexander K Zentefis (Yale School of
Management) : Social Progress and Corporate Culture
Discussant: John Thanassoulis (Warwick Business School)
19.00 Drinks and Dinner (by invitation only)
6th Cambridge Corporate Finance Theory Symposium 13-14 September 2019
Speakers, Discussants and Organizers
Gilles Chemla
Imperial College London
g.chemla@imperial.ac.uk
Zhiyao Chen
Chinese University of Hong Kong
nicholaschen@cuhk.edu.hk
Pierre Collin-Dufresne
EPFL
pierre.collin-dufresne@epfl.ch
Pietro Dindo
Università Ca' Foscari Venezia
pietro.dindo@unive.it
Simon Gervais
The Fuqua School of Business, Duke University
simon.gervais@duke.edu
Ron Giammarino
Sauder School of Business, University of British Columbia
ron.giammarino@sauder.ubc.ca
Itay Goldstein
Wharton School, University of Pennsylvania
itayg@wharton.upenn.edu
6th Cambridge Corporate Finance Theory Symposium 13-14 September 2019
Denis Gromb
HEC Paris
gromb@hec.fr
Peter Kondor
London School of Economics
p.kondor@lse.ac.uk
John C.F. Kuong
INSEAD
johncfkuong@gmail.com
Bart Lambrecht
CERF, Cambridge Judge Business School
b.lambrecht@jbs.cam.ac.uk
Ali Lazrak
Sauder School of Business, University of British Columbia
Ali.Lazrak@sauder.ubc.ca
Nadya Malenko
Boston College, Carroll School of Management
nadya.malenko@bc.edu
Vincent Maurin
Stockholm School of Economics
vincent.maurin@hhs.se
N. Aaron Pancost
University of Texas at Austin, McCombs School of Business
Aaron.Pancost@mccombs.utexas.edu
6th Cambridge Corporate Finance Theory Symposium 13-14 September 2019
Sponsor: Cambridge Endowment for Research in Finance (CERF). Organised in collaboration with
CEPR
Organizers: Bart Lambrecht, Director, CERF (Cambridge Judge Business School and CEPR) and
Denis Gromb (HEC Paris)
Contact details – cerf@jbs.cam.ac.uk
Anna Pavlova
London Business School
apavlova@london.edu
Uday Rajan
Ross School of Business, University of Michigan
urajan@umich.edu
Anatoli Segura
Bank of Italy
anatolisegura@gmail.com
Joel Shapiro
Saïd Business School, University of Oxford
Joel.Shapiro@sbs.ox.ac.uk
John Thanassoulis
Warwick Business School
john.thanassoulis@wbs.ac.uk
Paolo Volpin
Cass Business School, City University of London
paolo.volpin.1@city.ac.uk
Alexander K Zentefis
Yale School of Management
alexander.zentefis@yale.edu