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
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)