2014 Program

2014 Conference on Finance, Organizations and Markets

hosted by University of Southern California, Marshall School of Business

Popovich Hall, Room 112 (JKP-112), 611 W. Exposition Blvd., Los Angeles, CA 90089

December 11 - 12, 2014

Click here for the 2014 program and papers

Thursday, December 11, 2014

12:00 pm – 1:15 pm LUNCH and CONFERENCE CHECK-IN

1:30 pm – 2:20 pm SESSION I Session Chair: Gordon Phillips

Customer Concentration and Loan Contract Terms (click for paper)

Murillo Campello, Cornell University

Janet Gao, Cornell University

Discussant: Kenneth Ahern, USC

2:20 pm – 3:10 pm

Leverage and Strategic Preemption: Lessons from Entry Plans and Incumbent Investments (Click for paper)

Anthony Cookson, University of Colorado at Boulder

Discussant: Shai Bernstein, Stanford University

3:10 pm – 3:30 pm REFRESHMENT BREAK

3:30 pm – 4:20 pm SESSION II Session Chair: Kevin Murphy

Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment (Click for paper)

Steven Grenadier, Stanford University

Andrey Malenko, MIT

Nadya Malenko, Boston College

Discussant: Odilon Camara, University of Southern California

4:20 pm – 5:10 pm

Ambiguity Aversion, Disagreement, and the Theory of the Firm (Click for paper)

David Dicks, University of North Carolina

Paolo Fulghieri, University of North Carolina

Discussant: Kevin Murphy, University of Southern California

5:30 pm RECEPTION and DINNER

Keynote paper: Oliver Hart

Dinner address by Oliver Hart, Harvard University

Friday, December 12, 2014

8:00 am – 8:30 am CONTINENTAL BREAKFAST

8:30 am – 9:20 am SESSION III Session Chair: Jerry Hoberg

Competition and Ownership Structure (Click for paper)

Jan Bena, University of British Columbia

Ting Xu, University of British Columbia

Discussant: Giorgo Sertsios, Universidad de los Andes

9:20 am – 10:10 am

Complementarities in Mergers and Acquisitions (Click for paper)

Yelena Larkin, Penn State University

Evgeny Lyandres, Boston University

Discussant: Laurent Fresard, University of Maryland

10:10 am – 10:30 am COFFEE BREAK

10:30 am – 11:20 am SESSION IV Session Chair: Heitor Almeida

Wages and Firm Performance: Evidence from the 2008 Financial Crisis (Click for paper)

Paige Ouimet, University of North Carolina

Elena Simintzi, University of British Columbia

Discussant: Effriam Benmelech, Northwestern University

11:20 am – 12:10 pm

Risk Management and Distress: Hedging with Purchase Obligations (Click for paper)

Kristine Hankins, University of Kentucky

Ryan Williams, University of Arizona

Discussant: Heitor Almeida, University of Illinois at Urbana-Champaign

12:10 pm – 1:30 pm LUNCH

1:30 pm – 2:20 pm SESSION V Session Chair: Naveen Khanna

Real Estate Collateral and Labor Demand (Click for paper)

Thomas Chaney, Toulouse School of Economics

Zongbo Huang, Princeton University

David Sraer, University of California, Berkeley

David Thesmar, HEC Paris

Discussant: Daniel Carvalho, University of Southern California

2:20 pm – 3:10 pm

Information, Credit and Organization (Click for paper)

José Liberti, Depaul and Tilburg University

Amit Seru, University of Chicago

Vikrant Vig, London Business School

Discussant: Naveen Khanna, Michigan State University

3:10 pm – 3:30 pm REFRESHMENT BREAK

3:30 pm – 4:20 pm SESSION VI Session Chair: John Matsusaka

What Determines Entrepreneurial Outcomes across the World? (Click for paper)

Meghana Ayyagari, George Washington University,

Asli Demirguc-Kunt, World Bank

Vojislav Maksimovic, University of Maryland

Discussant: Todd Gormley, Wharton

4:30 pm End of Conference