2019 Program
Finance, Organizations and Markets (FOM) Conference
hosted by Marshall School of Business, University of Southern California
Room 236 Fertitta Hall (JFF), Los Angeles, CA 90089
December 12 - 13, 2019
Click here for program in PDF format
*** Notes for participants ***
Each paper has 45 minutes total: allocated as 25 for presenter, 12 for discussant, and 8 for audience
*We thank iORB (Institute for Outlier Research in Business) and the FBE department at USC Marshall for generously funding conference expenses.
Thursday, December 12, 2019
*Click on each paper for PDF file
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: Kevin Murphy, University of Southern California
1:00 pm – 1:45 pm
Paper 1: Entrepreneurial Teams: Diversity of Experience and Firm Growth
Authors: Francesco D'Acunto, Geoffrey Tate, and Liu Yang
Speaker: Liu Yang, University of Maryland
Discussant: Arthur Korteweg, University of Southern California
1:45 pm – 2:30 pm
Paper 2: CEO Stress and Life Expectancy: The Role of Corporate Governance and Financial Distress
Authors: Ulrike Malmendier, Mark Borgschulte, Marius Guenzel, and Canyao Liu
Speaker: Marius Guenzel, University of California Berkeley
Discussant: Tania Babina, Columbia University
2:30 pm – 3:15 pm
Paper 3: The Impact of Consumer Credit Access on Self-Employment and Entrepreneurship
Authors: Kyle Herkenhoff, Gordon Phillips, and Ethan Cohen-Cole
Speaker: Gordon Phillips, Dartmouth College
Discussant: David Robinson, Duke University
3:15 pm – 3:30 pm REFRESHMENT BREAK
SESSION II Session Chair: Mara Faccio, Purdue University
3:30 pm – 4:15 pm
Paper 4: Can Investment Incentives Crowd Out Innovation? Evidence from China
Authors: Shaowei Ke, Yao Lu, Xinzheng Shi, and Yeqing Zhang
Speaker: Yao Lu, Tsinghua University
Discussant: Albert Sheen, University of Oregon
4:15 pm – 5:00 pm
Authors: Serguey Braguinsky, Atsushi Ohyama, Tetsuji Okazaki, and Chad Syverson
Speaker: Serguey Braguinsky, University of Maryland
Discussant: Carola Frydman, Northwestern University
5:15 pm – 5:45 pm Reception @ The University Club
5:45pm - 6:30pm Keynote Paper: Vojislav Maksimovic, Maryland Smith School of Business
Keynote Presentation: The evolving corporation: firm dynamism, competition and investment
Speaker: Vojislav Maksimovic, University of Maryland Smith School of Business
6:30 pm Dinner @ University Club, University of Southern California
Friday, December 13, 2019
8:00 am – 8:30 am CONTINENTAL BREAKFAST
SESSION III John Matsusaka, University of Southern California
8:30 am – 9:15 am
Paper 6: Corporate Rivalry and Return Comovement
Authors: Eric de Bodt, B. Espen Eckbo, and Richard W. Roll
Speaker: B. Espen Eckbo, Dartmouth College
Discussant: Davidson Heath, University of Utah
9:15 am – 10:00 am
Paper 7: Exploring and Quantifying Network Effects in Product Markets
Authors: William Grieser, Morad Zekhnini, and Jim LeSage
Speaker: Morad Zekhnini, Tulane University
Discussant: Sandy Klasa, University of Arizona
10:00 am – 10:30 am COFFEE BREAK
SESSION IV Richard Roll, California Institute of Technology
10:30 am – 11:15 am
Paper 8: Do Short-Term Incentives Affect Long-Term Productivity?
Authors: Heitor Almeida, Nuri Ersahin, Slava Fos, Rustom Irani, and Mathias Kronlund
Speaker: Heitor Almeida, University of Illinois
Discussant: Matthew Serfling, University of Tennessee at Knoxville
11:15 am – 12:00 pm
Paper 9: Court Congestion, Transmission of Shocks, and Vertical Integration (paper not yet public)
Authors: Janis Skrastins, Dimas Fazio, and Thiago Silva
Speaker: Janis Skrastins, Washington University
Discussant: Cesare Fracassi, University of Texas at Austin
12:00 pm – 1:00 pm LUNCH
SESSION V Session Chair: Evgeny Lyandres, Boston University
1:00 pm – 1:45 pm
Paper 10: Endogenous Knowledge Cycles and Corporate Investment
Authors: Maria C Bustamante, Laurent Fresard, and Julien Cujean
Speaker: Maria C Bustamante, University of Maryland
Discussant: Alexei Zhdanov, Pennsylvania State University
1:45 pm – 2:30 pm
Paper 11: Competition for Talent: The Impact of Venture Capital Flows on Incumbent Firms
Author: Linghang Zeng
Speaker: Linghang Zeng, Babson College
Discussant: Giorgo Sertsios, Universidad de los Andes
2:30 pm – 2:45 pm REFRESHMENT BREAK
SESSION VI Session Chair: Gerard Hoberg, University of Southern California
2:45 pm – 3:30 pm
Paper 12: Product Differentiation, Oligopoly and Resource Allocation
Author: Bruno Pellegrino
Speaker: Bruno Pellegrino, University of California at Los Angeles
Discussant: Naveen Khanna, Michigan State University
3:30 pm End of Conference