2020 Program



Hosted by Tuck School of Business at Dartmouth College

& The Center for Private Equity and Venture Capital


October 15-16, 2020

Virtual via Zoom

All times are EDT

Click here for all conference papers

THURSDAY, OCTOBER 15, 2020

11:00 - 11:05 Conference Introduction and Welcoming Remarks: Gordon Phillips, Tuck School of Business at Dartmouth

SESSION 1: Mergers and Entrepreneurs

Session Chair: Gerard Hoberg, USC

11:05 am - 1:05 pm

Paper 1: The Merger-Adjusted U.S. Listing Gap

Authors: Espen Eckbo, Markus Lithell

Presenter: Espen Eckbo, Tuck School of Business, Dartmouth

Discussant: Vojislav Maksimovic, Maryland (Click here for Discussant Slides)

Paper 2: Higher Dividend Taxes, No Problem! Evidence from Taxing Entrepreneurs in France

Authors: Adrian Matray, Charles Boissel

Presenter: Adrien Matray, Princeton

Discussant: Hyunseob Kim, Cornell (Click here for Discussant Slides)

1:05 - 1:30 pm Break

SESSION 2: Voting and Corporate Governance

Session Chair: Naveen Khanna, Michigan State University

1:30 - 3:30 pm

Paper 3: A Theory of the Proxy Advice Market when Investors Have Social Goals

Authors: John Matsusaka and Chong Shu

Presenters: John Matsusaka and Chong Shu, USC

Discussant: Itay Goldstein, Wharton (Click here for Discussant Slides)

Paper 4: Exit vs. Voice

Authors: Eleonora Broccardo, Oliver Hart, Luigi Zingales

Presenter: Luigi Zingales, Chicago

Discussant: Augustin Landier, HEC Paris (Click here for Discussant Slides)

3:30 - 4:00 pm Break

SESSION 3: Artificial Intelligence and Competition

Session Chair: Evgeny Lyandres, Boston University

4:00 - 6:00 pm

Paper 5: Feedback and Contagion through Distressed Competition

Authors: Hui Chen, Winston Dou, Hongye Guo, Yan Ji

Presenter: Winston Dou, Wharton

Discussant: Maria Cecilia Bustamante, Maryland (Click here for Discussant Slides)

Paper 6: Artificial Intelligence, Firm Growth, and Industry Concentration

Authors: Tania Babina, Anastassia Fedyk, Alex He, James Hodson

Presenter: Alex He, Maryland

Discussant: Jan Bena, UBC (Click here for Discussant Slides)

FRIDAY, OCTOBER 16, 2020


SESSION 4: Investment and Finance

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

11:00 am - 1:00 pm

Paper 7: Endogenous Operating Leverage: Foreign Labor Regulations and Firm Boundaries

Authors: Katie Moon, Giorgo Sertsios

Presenters: Katie Moon, Colorado & Giorgo Sertsios, University de los Andes

Discussant: Elizabeth Berger, Cornell (Click here for Discussant Slides)

Paper 8: The Impact of the Opioid Crisis on Firm Value and Investment

Authors: Paige Ouimet, Eleni Simintzi, Kailei Ye

Presenter: Eleni Simintzi, UNC

Discussant: Janet Gao, Indiana (Click here for Discussant Slides)

1:00 - 1:30 pm Break

SESSION 5: Executive Compensation

Session Chair: Kevin Murphy, USC

1:30 - 3:30 pm

Paper 9: Executive Compensation: The Trend toward One Size Fits All

Authors: Felipe Cabezon

Presenter: Felipe Cabezon, USC

Discussant: Wayne Guay, Wharton (Click here for Discussant Slides)

Paper 10: Motivating Collusion

Authors: Sangeun Ha, Fangyuan Ma, Alminas Zaldokas

Presenter: Alminas Zaldokas, HKUST

Discussant: Matthew J. Bloomfield, Wharton (Click here for Discussant Slides)

3:30 - 4:00 pm Break

SESSION 6: Private Equity, Innovation and Patenting

Session Chair: Dimitris Papanikolaou, Northwestern

4:00 - 6:00 pm

Paper 11: Investment Committee Voting and the Financing of Innovation

Authors: Andrey Malenko, Ramana Nanda, Matthew Rhodes-Kropf, Savitar Sunderesan

Presenter: Andrey Malenko, Michigan

Discussant: Morten Sorensen, Tuck School of Business, Dartmouth (Click here for Discussant Slides)

Paper 12: Financial Innovation in the 21st Century: Evidence from U.S. Patenting

Authors: Josh Lerner, Amit Seru, Nick Short, Yuan Sun

Presenter: Josh Lerner, Harvard

Discussant: Danielle Li, MIT (Click here for Discussant Slides)