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