Finance, Organizations and Markets (FOM) Conference

Marshall School of Business, University of Southern California 
Popovich Hall Room 112, Los Angeles, CA 90089

December 7 - 8, 2017

click here for program in pdf format

*** Notes for participants ***
Each paper has 45 minutes total: allocated as 27 for presenter, 13 for discussant, and 5 for audience

*We thank iORB (Institute for Outlier Research in Business) and the FBE department at the USC Marshall School of Business for generously funding conference expenses.

*Click here to view photos from the August, 2016 FOM Conference!

Thursday, December 7, 2017

Download all the conference papers:  Browse to the end of this page

11:45 pm – 12:50 pm       LUNCH and CONFERENCE CHECK-IN (Popovich Room 112)  

12:50 pm – 1:00 pm       OPENING REMARKS  (Popovich Room 112, all sessions will be here too)

SESSION I      Session Chair:  Gordon Phillips, Tuck School of Business at Dartmouth

1:00 pm – 1:45 pm       

Paper 1:   The Evolution of the Private Equity Market and the Decline in IPOs

Authors: Michael Ewens and Joan Farre-Mensa

Speaker: Joan Farre-Mensa, Cornerstone Research

Discussant:  Berk Sensoy, Vanderbilt University

1:45 pm – 2:30 pm                

Paper 2: Patent Acquisition, Investment, and Contracting

Authors:  Donald Bowen

Speaker: Donald Bowen, Virginia Tech

Discussant: David Robinson, Duke University

2:30 pm – 3:15 pm                

Paper 3: Decision-making delegation in banks

Authors: Jennifer Dlugosz, YongKyu Gam, Radhakrishnan Gopalan, Janis Skrastins

Speaker: Radhakrishnan Gopalan, Washington University in St. Louis

  Amiyatosh Purnanandam, University of Michigan

3:15 pm – 3:30 pm       REFRESHMENT BREAK         

SESSION II     Session Chair: Heitor Almeida, University of Illinois at Urbana-Champaign

3:30 pm – 4:15 pm       

Paper 4:   Blockchain Disruption and Smart Contracts

Authors:  Lin William Cong and Zhiguo He

Speaker: Lin William Cong, University of Chicago

Discussant: Alex Edmans, London Business School

4:15 pm – 5:00 pm   Distinguished Invited Paper:  Wouter Dessein, Columbia University                

Paper 5: Organizational Capital, Corporate Leadership, and Firm Dynamics

Authors:  Wouter Dessein and Andrea Prat  

Speaker: Wouter Dessein, Columbia Business School

5:15 pm – 5:45 pm       Reception @ The University Club  

5:45pm - 6:30pm  Keynote Paper:  Luigi Zingales, Chicago Booth School of Business

        Keynote Presentation: Towards a Political Theory of the Firm.

        Speaker: Luigi Zingales, University of Chicago Booth School of Business

6:30 pm   Dinner @ University Club, University of Southern California  

Friday, December 8, 2017

8:00 am – 8:30 am       CONTINENTAL BREAKFAST   

SESSION III    Session Chair: Kenneth Ahern, University of Southern California 

8:30 am – 9:15 am       

Paper 6:  Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Authors: Sudipto Dasgupta and Alminas Žaldokas

Speaker: Sudipto Dasgupta, Chinese University of Hong Kong

Discussant:  Sandy Klasa, University of Arizona

9:15 am – 10:00 am                

Paper 7: Economics of Voluntary Information Sharing

Authors:  José Liberti, Jason Sturgess, and Andrew Sutherland

Speaker:  Andrew Sutherland, Massachusetts Institute of Technology

Discussant:  Daniel Paravisini, London School of Economics


10:00 am – 10:30 am       COFFEE BREAK         

SESSION IV    Session Chair:  Kevin Murphy, University of Southern California

10:30 am – 11:15 am       

Paper 8:  Drivers of Effort: Evidence from Employee Absenteeism

Authors: Morten Bennedsen, Margarita Tsoutsoura, and Daniel Wolfenzon

Speaker: Margarita Tsoutsoura, Cornell University

Discussant: Giorgo Sertsios, Universidad de los Andes


11:15 am – 12:00 pm              

Paper 9:  Well Begun Is Half Done: Initial R&D Competence and Firm Growth

Authors: Kyungran Lee, S. Katie Moon, and Seungjoon Oh

Speaker: S. Katie Moon, University of Colorado

Discussant:  Evgeny Lyandres, Boston University

12:00 pm – 1:00 pm       LUNCH 

SESSION V     Session Chair:  Gregor Matvos, University of Texas at Austin

1:00 pm – 1:45 pm       

Paper 10: Stunted Firms: The Long-Term Impacts of Colonial Taxation

Authors: Gabriel Natividad

Speaker: Gabriel Natividad, Universidad de Piura

Discussant: Tony Cookson, University of Colorado

1:45 pm – 2:30 pm     

Paper 11:  The Impermanence of Democracy: Endowed Wealth Versus Wealth Creation 

Authors:  William Gerken, Naveen Khanna, and Tianpeng Zhou

Speaker: Naveen Khanna, Michigan State University

Discussant: Todd Mitton, BYU Marriott School

2:30 pm – 2:45 pm       REFRESHMENT BREAK         

SESSION VI     Session Chair:   John Matsusaka, University of Southern California

2:45 pm – 3:30 pm       

Paper 12:  Product Market Dynamics and Mergers and Acquisitions: Insights from the USPTO Trademark Data 

           Author: Po-Hsuan Hsu, Kai Li, Yunan Liu, and Hong Wu

           Speaker: Hong Wu, Hong Kong Polytechnic University

           Discussant: Jessica Jeffers, University of Chicago

3:30 pm       End of Conference

Gordon Phillips,
Oct 16, 2017, 8:32 PM
Gordon Phillips,
Nov 22, 2017, 10:46 PM
Gordon Phillips,
Nov 19, 2017, 4:25 PM
Gordon Phillips,
Oct 13, 2017, 6:24 PM
Gordon Phillips,
Oct 15, 2017, 7:03 PM
Gordon Phillips,
Oct 15, 2017, 7:03 PM
Gordon Phillips,
Oct 15, 2017, 7:03 PM
Gordon Phillips,
Oct 13, 2017, 6:23 PM
Gordon Phillips,
Oct 15, 2017, 4:00 PM
Gordon Phillips,
Oct 13, 2017, 6:24 PM
Gordon Phillips,
Nov 20, 2017, 3:52 PM
Gordon Phillips,
Oct 15, 2017, 7:03 PM
Gordon Phillips,
Nov 20, 2017, 8:55 PM
Gordon Phillips,
Dec 1, 2017, 11:16 PM