2021 Finance, Organizations and Markets (FOM) CONFERENCE PROGRAM

THURSDAY, OCTOBER 28, 2021

All sessions held in the Frantz II classroom, Raether Building

12:00 - 12:55 Lunch and registration: Frantz II classroom, Raether Building.

12:55 - 1:00 Conference Introduction and Welcoming Remarks

SESSION 1: Venture Capital and Private Equity

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

1:00 pm - 2:30 pm

Paper 1: Common Ownership and Innovation Efficiency

Authors: Xuelin Li, University of South Carolina (Darla Moore), Tong Liu, University of Pennsylvania (Wharton), Luke A. Taylor, University of Pennsylvania (Wharton)

Presenter: Tong Liu, University of Pennsylvania (Wharton)

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

Paper 2: Local Journalism under Private Equity Ownership

Authors: Michael Ewens, California Institute of Technology, Arpit Gupta, NYU and Sabrina Howell, NYU

Presenter: Arpit Gupta, NYU Stern School of Business

Discussant: Ayako Yasuda, University of California, Davis (Click here for Discussant Slides)

2:30 - 2:45 pm Break

SESSION 2: Investment and Finance

Session Chair: Felipe Severino, Tuck School of Business, Dartmouth

2:45 - 4:15 pm

Paper 3: The Real Effects of Banking the Poor: Evidence from Brazil

Authors: Julia Fonseca, UIUC and Adrien Matray, Princeton

Presenter: Adrien Matray, Princeton

Discussant: Shawn Cole, Harvard Business School (Click here for Discussant Slides)

Paper 4: In Too Deep: The Effect of Sunk Costs on Corporate Investment

Author: Marius Guenzel, The Wharton School, University of Pennsylvania

Presenter: Marius Guenzel, The Wharton School, University of Pennsylvania

Discussant: Daniel Green, Harvard Business School (Click here for Discussant Slides)

4:15 - 4:30 pm Break

SESSION 3: Crypto Finance and Product Market Competition

Session Chair: Murray Frank, University of Minnesota

4:45 - 5:30 pm

Paper 5: Product Market Competition with Crypto Tokens and Smart Contracts

Author: Evgeny Lyandres, Tel Aviv University

Presenter: Evgeny Lyandres, Tel Aviv University

Discussant: William Cong, Cornell University (Click here for Discussant Slides)

KEYNOTE ADDRESS: 5:35 - 6:15

Raghuram Rajan, Chicago Booth School of Business

*** RECEPTION AND DINNER: 6:30 - 9:00 ***

FRIDAY, OCTOBER 29, 2021

Breakfast 8:00 - 9:00 am Foyer, Frantz II, Raether Building

SESSION 4: Corporations and Social Issues

Session Chair: Katharina Lewellen, Tuck School of Business, Dartmouth

9:00 am - 10:30 AM

Paper 6: Selfish Corporations

Authors: Emanuele Colonnelli, Chicago Booth, Niels Gormsen, Chicago Booth and Tim McQuade, UC Berkeley Haas

Presenter: Emanuele Colonnelli, Chicago Booth

Discussant: David Thesmar, MIT Sloan School (Click here for Discussant Slides)

Paper 7: "Potential" and the Gender Promotion Gap

Authors: Alan Benson, University of Minnesota, Danielle Li, MIT Sloan and Kelly Shue, Yale SOM

Presenter: Kelly Shue, Yale School of Management

Discussant: Geoffrey Tate, Smith School of Business, University of Maryland

10:30 - 11:00 am Break

SESSION 5: Physical and Technological Capital

Session Chair: Jerry Hoberg, USC Marshall School of Business

11:00 - 12:30 pm

Paper 8: Technology Obsolescence

Authors: Song Ma, Yale

Presenter: Song Ma, Yale

Discussant: Bruno Pellegrino, Smith School of Business, University of Maryland (Click here for Discussant Slides)

Paper 9: Tax Incentives, Small Businesses, and Physical Capital Reallocation

Authors: Riddha Basu, George Washington University School of Business, Doyeon Kim, Northwestern University and Manpreet Singh, Georgia Tech

Presenter: Manpreet Singh, Georgia Tech

Discussant: Erik Gilje, Wharton School of Business, University of Pennsylvania (Click here for Discussant Slides)

*** LUNCH 12:30 - 1:30 ***

SESSION 6: Mergers and Acquisitions

Session Chair: Espen Eckbo, Tuck School of Business, Dartmouth

1:30 - 3:00 pm

Paper 10: Acquisitions, Management, and Efficiency in Rwanda's Coffee Industry

Authors: Rocco Macchiavello, LSE and Ameet Morjaria, Kellogg School of Management, Northwestern University

Presenter: Ameet Morjaria, Kellogg School of Management, Northwestern University

Discussant: Tony Cookson, University of Colorado, Boulder (Click here for Discussant Slides)

Paper 11: Tax Avoidance through Cross-Border Mergers and Acquisitions

Authors: Jean-Marie Meier, University of Texas at Dallas and Jake Smith, University of Texas at Dallas

Presenter: Jean-Marie Meier, University of Texas at Dallas

Discussant: Leslie Robinson, Tuck School of Business, Dartmouth (Click here for Discussant Slides)