2022 Program

Finance, Organizations and Markets (FOM) Conference

hosted by Marshall School of Business, University of Southern California 

Room 110 Popovich Hall (JKP), USC, Los Angeles, CA 90089

November 18 - 19, 2022

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.

Friday, November 18, 2022

*Click on each paper for PDF file (when available)

8:15 am – 8:45 am       Continental Breakfast and Conference Check-In (Popovich Room 110)  

8:50 am – 9:00 am       Opening Remarks (Popovich Room 110, all sessions will be here too)

SESSION I      Session Chair:  John Matsusaka (USC)

9:00 am – 9:45 am       

Paper 1:   Can Finance Save the World?  Measurement and Effects of Coal Divestment Policies by Banks [click to download]

Authors: Daniel Green, Boris Vallee

Speaker: Daniel Green, Harvard Business School

Discussant: Ian Appel, University of Virginia

9:45 am – 10:30 am                

Paper 2: What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Authors: Raghuram Rajan, Pietro Ramella, and Luigi Zingales

Speaker: Luigi Zingales, University of Chicago

Discussant: Doron Levit, University of Washington

10:30 am – 11:00 am       COFFEE BREAK         

SESSION II     Session Chair: Katya Neretina (USC)

11:00 am – 11:45 am       

Paper 3: Remotely Productive: The Efficacy of Remote Work for Executives [click to download]

Authors:  Ran Duchin and Denis Sosyura

Speaker: Denis Sosyura, Arizona State University

Discussant: Tania Babina, Columbia University

11:45 am – 12:30 pm   

Paper 4: Did Western CEO Incentives Contribute to China’s Technological Rise?   [click to download]

Authors:  Bo Bian, and Jean-Marie Meier  

Speaker: Jean-Marie Meier, University of Texas, Dallas

Discussant: Richard Townsend, University of California, San Diego

12:30 pm – 1:30 pm       Lunch @ Suryan Plaza  

SESSION III     Session Chair: Umit Gurun (UT Dallas)

1:30 pm – 2:15 pm       

Paper 5Tale of Two Networks: Common Ownership and Product Market Rivalry [click to download]

Authors: Florian Ederer and Bruno Pellegrino

Speaker: Bruno Pellegrino, University of Maryland

Discussant: Tong Liu, Massachusetts Institute of Technology

2:15 pm – 3:00 pm                

Paper 6: Cloud Infrastructure, Industry Dynamics and Competition: Evidence from China  [click to download]

Authors: Yao Lu, Gordon M. Phillips and Jia Yang

Speaker:  Gordon Phillips, Dartmouth College

Discussant:  Heitor Almeida, University of Illinois

3:00 pm – 3:30 pm       COFFEE BREAK         

SESSION IV    Session Chair: Ivo Welch (UCLA)

3:30 pm – 4:15 pm       

Paper 7Entrepreneurship and the Platform Economy: Evidence from U.S. Tax Returns

Authors: Matthew Denes, Spyridon Lagaras, and Margarita Tsoutsoura

Speaker: Matthew Denes, Carnegie Mellon University

Discussant: Greg Buchak, Stanford University 

4:15 pm – 5:00 pm              

       Keynote PresentationChad Syverson, University of Chicago

       Title: Micro- and Macroeconomic Impacts of a Place-Based Industrial Policy [click to download paper]

       Speaker: Chad Syverson, University of Chicago Booth School of Business

5:45 pm - 6:30 pm Pre-Dinner Reception @ University Club, University of Southern California, Scriptorium Room  

6:30 pm   Dinner @ University Club, University of Southern California, Scriptorium Room


Saturday, November 19, 2022

7:45 am – 8:15 am       CONTINENTAL BREAKFAST   

SESSION V     Session Chair: Shawn Thomas (University of Pittsburgh)

8:15 am – 9:00 am       

Paper 8: Funding Black High-Growth Starups [click to download]

Authors: Lisa Cook, Matt Marx, Steven Wu-Chaves, and Emmanuel Yimfor

Speaker: Emmanuel Yimfor, University of Michigan

Discussant: Kelly Shue, Yale University

9:00 am – 9:45 am     

Paper 9Portfolio Management in Private Equity  [click to download]

Author: Gregory Brown, Celine Fei, and David Robinson

Speaker: Celine Fei (University of North Carolina)

Discussant: Morten Sorensen, Dartmouth College

9:45 am – 10:00 am       COFFEE BREAK         

SESSION VI     Session Chair: Nagpurnanand Prabhala (Johns Hopkins University)

10:00 am – 10:45 am       

Paper 10Innovation Networks and R&D Allocation [click to download]

        Author: Ernest Liu and Song Ma

        Speaker: Song Ma, Yale University

        Discussant: Jillian Grennan, Santa Clara University

10:45 am – 11:30 am       

Paper 11: The Epidemiology of Financial Constraints [click to download]

        Author: William Grieser, Ioannis Spyridopoulos, and Morad Zekhnini

        Speaker: William Grieser, Texas Christian University

        Discussant: Winston Dou, University of Pennsylvania (Wharton)

11:30 am     Closing Remarks

11:35 am     Box Lunch and End of Conference