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2016 Program

2016 PROGRAM

Finance, Organizations and Markets (FOM) Conference

Tuck School of Business, Dartmouth College 
100 Tuck Hall, Hanover, NH  03755

August 26 - 27, 2016


Please click here to view some fantastic photos from the August, 2016 FOM Conference! Hope to see everyone in Hanover October 2017!

Photos by Laura DeCapua, Tuck School of Business.

Friday, August 26, 2016

Download all the conference papers:  Browse to the end of this page

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

    Presenter Slides
    Discussant Slides

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

    Presenter Slides
    Discussant Slides

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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides

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

    Presenter Slides
    Discussant Slides


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

            Keynote Slides


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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides

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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides


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

    Presenter Slides
    Discussant Slides

3:45 pm       End of Conference

Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
Ċ
Gordon Phillips,
Sep 9, 2016, 10:12 AM
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