2016 Program
Finance, Organizations and Markets (FOM) Conference
Tuck School of Business, Dartmouth College
100 Tuck Hall, Hanover, NH 03755
August 26 - 27, 2016
Photos by Laura DeCapua, Tuck School of Business.
Friday, August 26, 2016
Download all the conference papers here
12:00 pm – 1:15 pm LUNCH and CONFERENCE CHECK-IN
SESSION I Session Chair: Espen Eckbo, Tuck School at Dartmouth
1:00 pm – 1:45 pm
Paper 1: Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions
Authors: Taylor Nadauld, Berk Sensoy, Keith Vorkink, Michael Weisbach
Speaker: Berk Sensoy, Ohio State
Discussant: Joacim Tag, IFN Stockholm
1:45 pm – 2:30 pm
Paper 2: What is the Shareholder Impact of Target CEO Retention in Private Equity Deals?
Authors: Lance Bargeron, Frederik Schlingemann and Rene Stulz, and Chad Zutter
Speaker: Chad Zutter, University of Pittsburgh
Discussant: Xavier Giroud, MIT Sloan
2:30 pm – 3:15 pm
Paper 3: Understanding Precautionary Cash at Home and Abroad
Authors: Michael Faulklender and Kristine Hankins, and Mitchell Petersen
Speaker: Mitchell Pererson, Northwestern
Discussant: Laurent Fresard, University of Maryland
3:15 pm – 3:30 pm REFRESHMENT BREAK
SESSION II Session Chair: John Matsusaka, USC Marshall
3:30 pm – 4:15 pm
Paper 4: The Roles of Nature and Nurture in Entrepreneurial Success
Authors: Hans Hvide and Paul Oyer
Speaker: Paul Oyer, Stanford
Discussant: Sabrina Howell, NYU Stern
4:15 pm – 5:00 pm
Paper 5: An Autopsy of Cooperation: Diamond Dealers and the Limits of Trust-Based Exchange
Author: Barak Richman
Speaker: Barak Richman, Duke Law School
Discussant: Luigi Zingales, Chicago Booth
5:00 pm – 5:15 pm REFRESHMENT BREAK
5:15pm - 6:00pm Keynote Paper: Steven Kaplan, Chicago Booth
Keynote: How Do Venture Capitalists Make Decisions?
Authors: Paul Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. Strebulaev
Speaker: Steven Kaplan, Chicago Booth
6:30 pm Dinner @ Hanover Inn
Saturday, August 27, 2016
8:00 am – 8:30 am CONTINENTAL BREAKFAST
SESSION III Session Chair: Jerry Hoberg, USC Marshall
8:30 am – 9:15 am
Paper 6: Effect of Patent Rights on Industry Structure and R&D
Author: Tolga Caskurlu
Speaker: Tolga Caskurlu, University of Amsterdam
Discussant: Julian Atanasov, University of Nebraska
9:15 am – 10:00 am
Paper 7: Patents as Substitutes for Relationships
Authors: Farzad Saidi and Alminas Zaldokas
Speaker: Alminas Zaldokas, HKUST
Discussant: Song Ma, Yale University
10:00 am – 10:30 am COFFEE BREAK
SESSION IV Session Chair: Vojislav (Mak) Maksimovic, University of Maryland
10:30 am – 11:15 am
Paper 8: Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship
Author: Tania Babina
Speaker: Tania Babina, Columbia
Discussant: Katie Moon, University of Colorado
11:15 am – 12:00 pm
Paper 9: Cost of Experimentation and the Evolution of Venture Capital
Authors: Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
Speaker: Michael Ewens, Cal Tech
Discussant: Tony Cookson, University of Colorado
12:00 pm – 1:15 pm LUNCH
SESSION V Session Chair: Kevin Murphy, USC Marshall
1:15 pm – 2:00 pm
Paper 10: All Together Now: Integration, Decentralization and Management
Authors: Laura Alfaro, Nick Bloom, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew Newman, Raffaella Sadun and John Van Reenen
Speaker: Andrew Newman, Boston University
Discussant: Birger Wernerfelt, MIT
2:00 pm – 2:45 pm
Paper 11: Contract Negotiation and Price Stickiness
Authors: Raj Iyer, Andrey Malenko, and Antoinette Schoar
Speaker: Andrey Malenko, MIT
Discussant: N.R. Prabhala, University of Maryland
2:45 pm – 3:00 pm REFRESHMENT BREAK
SESSION VI Session Chair: Gordon Phillips, Tuck School at Dartmouth
3:00 pm – 3:45 pm
Paper 12: Can Promotion Tournaments Produce Bad Managers? Evidence of the Peter Principle
Authors: Alan Benson, Danielle Li, and Kelly Shue
Speaker: Kelly Shue, Chicago, Booth
Discussant: Felipe Severino, Tuck School at Dartmouth
3:45 pm End of Conference