INSEAD Finance Symposium

Past programs: 2023, 2022, 2021, 2020, 2018, 2017

Dates: June 4th, June 5th,  2024

Location: INSEAD, Fontainebleau Campus, East Wing, Amphi Loudon (Click for campus map)

2024 Program 

Presenters are underlined.  Timing:  45 min. per paper, consisting of 20 min. for the author’s presentation, 15 minutes for the discussant and 10 minutes for Q&A from the audience.

Tuesday June 4th

Session 1:  Corporate Finance Theory

Chair: James Dow (LBS)

14h00 "Reflexivity in Credit Markets"

Robin Greenwood(Harvard), Samuel G. Hanson(Harvard), and Lawrence J. Jin(Cornell)

Discussant: Naveen Gondhi(INSEAD)

Slides: presentation, discussion

14h45 “Information Span in Credit Market Competition”

Zhiguo He(Chicago), Jing Huang(Texas A&M), and Cecilia Parlatore(NYU)

Discussant: Junyuan Zou(INSEAD)

Slides: presentation, discussion

15h30 Coffee break

Session 2: Household Finance 

Chair: Johan Hombert (HEC)

16h00 "Financial Constraints and the Racial Housing Gap"

Arpit Gupta(NYU), Christopher Hansman(Emory), and Pierre Mabille(INSEAD)

Discussant: Charles Nathanson(Kellogg)

Slides: presentation, discussion

16h45 "Hedging through Product Design"

Alexandru Barbu(INSEAD) and Ishita Sen(Harvard)

Discussant: Pab Jotikashtira(Southern Methodist University)

Slides: presentation, discussion

18h00 – 19h00  Cocktail at the Cercle  (Click for campus map)

19h00 – 21h00   Dinner & wine tasting at the Cercle (Click for campus map)

Wednesday June 5th

08h30  Welcome coffee

Session 3: Empirical Macro-Finance

Chair: Philippe Aghion (INSEAD)

09h00 "Managing Resource (Mis)allocation"

Xavier Giroud(Columbia), Gregor Matvos(Kellogg), Amit Seru(Stanford), and Rui C. Silva(Nova)

Discussant: Pat Akey(INSEAD) 

Slides: presentation, discussion

09h45 "Upwardly Mobile: The Response of Young vs. Old Firms to Monetary Policy"

Per Krusell(IIES), Claire Thurwachter(Morgan Stanley), and Joshua Weiss(IIES)

Discussant: Martin Aragoneses(INSEAD/Harvard)

Slides: presentation, discussion

10h30 Coffee break

Session 4:  Macro-Finance Theory

Chair: Bernard Dumas (INSEAD)

11h00 "Government Intervention in the Financial Market"

Jiang Wang(MIT)

Discussant: Sergei Glebkin(INSEAD)

Slides: presentation, discussion

11h45 "Of Trees and Beanstalks: A Paradox of Co-integration and the Sharpe Ratio of Growth-indexed Bonds"

Stavros Panageas(UCLA)

Discussant: Rodolfo Prieto(INSEAD)

Slides: presentation, discussion

12h30 – 14h00   Lunch at the Cercle (Click for campus map)

Session 5: Empirical Corporate Finance

Chair: Urs Peyer (INSEAD)

14h00 "Government Arrears and Corporate Decisions: Lessons from a Natural Experiment"

José M. Abad(World Bank), Vicente J. Bermejo(ESADE),  Vicente Cunat(LSE) , and Rafael Zambrana(Notre Dame)

Discussant: Olivier Dessaint(INSEAD)

Slides: presentation

14h45 "ESG News, Future Cash Flows, and Firm Value"

Francois Derrien (HEC Paris), Philipp Krueger (U of Geneva), Augustin Landier (HEC Paris), and Tianhao Yao (Singapore Management University)

Discussant: Ben Charoenwong(INSEAD/NUS)

Slides: presentation, discussion

15h30 Coffee break

Session 6: Banking

Chair: Frederico Belo (INSEAD)

16h00 "Policy Portfolio for Banks: Deposit Insurance and Ex-post Liquidity Injection"

Chong Huang(UC Irvine), Lin Shen(INSEAD), and Junyuan Zou(INSEAD)

Discussant: Alexander Guembel(TSE)

Slides: presentation, discussion

16h45 "The Effect of Instant Payments on the Banking System: Liquidity Transformation and Risk-Taking"

Rodrigo Gonzalez(Bank of Brazil), Yiming Ma(Columbia), and Yao Zeng(Wharton)

Discussant: John Kuong (INSEAD)

Slides: presentation, discussion

17h30 Adjourn