2017 Program
Finance, Organizations and Markets (FOM) Conference
hosted by 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
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
Discussant: 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