6th RCF-ECGI Corporate Finance and Governance Conference

Session Chair:Vincenzo Capizzi (Department of Economics and Business Studies, Università del Piemonte Orientale (Novara, IT))

8.45am to 9.15am Blocking the Credit Chain: Cryptocurrencies, Deposits, and Bank Loan Growth

• Allen N. Berger (University of South Carolina) Jiarui (Jerry) Guo (University of International Business and Economics) Stephen A. Karolyi (Office of the Comptroller of the Currency) Leili Pour Rostami (University of Massachussetts-Boston)

• Discussant:  Hao Fu (Stevens Institute of Technology)

9.15am to 9.45am Does wash trading distort asset prices? [contact authors for the paper]

• Quoc Khanh Nguyen (University of Technology Sydney) Vinay Patel (Stockholm School of Economics in Riga) Tālis J. Putniņš (Digital Finance Co-operative Research Centre)

• Discussant: Douglas Cumming (Stevens Institute of Technology)

9.45am to 10.15am Centralized Governance in Decentralized Organizations

• Lin William Cong (Cornell University) Daniel Rabetti (National University of Singapore) Charles C.Y. Wang (Harvard Business School) Yu Yan (National University of Singapore)

• Discussant: Yanru Han (Stevens Institute of Technology)

Session Chair:  Suman Banerjee (Stevens Institute of Technology)

8.45am to 9.15am When Supervision Meets Politics: Credit Misallocation and its Real Effects  

• Pranav Garg (Yale University)

• Discussant: Yuan Meng (Chinese University of Hong Kong)

9.15am to 9.45am  The Political Economy of Undocumented Immigration: Sanctuary Jurisdiction Policies and Local Economic Dynamism

• Balbinder Singh Gill (Stevens Institute of Technology) Kose John (New York University)

• Discussant: Sofia Johan (Florida Atlantic University)

9.45am to 10.15am Political Donations and Rent-Seeking: Evidence from the U.S. Health Insurance Industry

• Jingshu Wen  (University of Oxford)

• Discussant: Andréanne Tremblay (Université Laval)

Session Chair: Joy Wilkinson (Florida Atlantic University and Providence College)

8.45am to 9.15am: Production and Externalities: How Governance Shapes Social Costs

• Alvin Chen (Stockholm School of Economics) Michael D. Wittry (Ohio State University)

• Discussant: Kehan Zhang (University of Oregon)

9.15am to 9:45am Debt Markets Retort to Mandatory Corporate Social Responsibility

• Jitendra Aswani (MIT Sloane)

• Discussant: Bektemir Ysmailov (Nazarbayev University)

9.45am to 10.15am The Double-Edged Sword of Executive Personal Liability: Firm Value vs Social Responsibility

• Ali Ahmadi (York University)

• Discussant: Philip Coyle (University of Wisconsin - Madison)

Session Chair: Jing Chen (Stevens Institute of Technology)

10.30am to 11.00am Taxes and Default Risk: Evidence From Establishment-Level Data  [contact authors for the paper]

• Mara Faccio (Purdue University) Stefano Manfredonia (Fordham University)

• Discussant:  Manuel Kathan (University of Augsburg)

11.00am to 11.30am Fiscal Stimulus and Housing Booms: Evidence from the 2003 Tax Cuts  [contact authors for the paper]

• Leming Lin (University of Pittsburgh) Atanas Mihov (University of Kansas) Xun Xiong (University of Kansas)

• Discussant:Meghana Vaidya (Marist College)

11.30am to 12.00pm Tax Incentives & Venture Capital Risk-Taking [contact authors for the paper]

• Murillo Campello (University of Florida) Guilherme Junqueira (University of Florida)

• Discussant: Robert Reardon (Elon University)

Session Chair: Yelin Zhang (Gonzaga University)

10.30am to 11.00am Individual Bankers, Concurrent IPO Underwriting, and Information Spillovers  

• Qiuyu (Ben) Meng (University of Massachusetts Boston)

• Discussant: Melissa Crumling (Drexel University)

11.00am to 11.30am Do Government Contracts Help to Foster Entrepreneurial Firm Success? Evidence from U.S. Federal Government Procurement [contact authors for the paper]

• Thomas J. Chemmanur (Boston College) Yudong Liu (The University of Adelaide) Jiajie Xu (University of Iowa) Zeyang Xue (Boston College)

• Discussant: Pedro Monteiro (University of Scraton)

11.30 am to 12.00pm Valuation Discipline in Private Credit  [contact authors for the paper]

• Young Soo Jang (Pennsylvania State University) Ginha Kim (University of Chicago)

• Discussant: Sungil Kim  (Duke University)

Session Chair:  Josep A. Tribo (Stevens Institute of Technology)

10.30am to 11.00am Strategic ESG Sentiment Exposures in the Hedge Fund Industry

• Jue Wang (Yale University; University of Massachusetts Amherst)

• Discussant: Abed El Karim Farroukh (Indiana University)

11.00am to 11.30am The Economics of Decarbonization  Commitments

• Keith Chan  (The Hong Kong University of Science and Technology) Quentin Moreau (The Hong Kong University of Science and Technology) Han Wang (The Hong Kong University of Science and Technology)

• Discussant: Jitendra Aswani (MIT Sloane)

11.30 am to 12.00pm Technological greenness and long-run performance

• Stefano Battiston (University of Zurich) Irene Monasterolo (Utrecht University) Maurizio Montone (Utrecht University)I just wanted to let you know that the website still reports our names incorrectly. My surname is Montone

• Discussant: Shikhar Singla (University of Texas at Austin)

Session Chair: Douglas Cumming (Stevens Instititute of Technology)

1.00pm to 1.30pm Bankruptcy Quarantines [contact authors for the paper]

• Donghyun Kang (Erasmus School of Economics) S. Lakshmi Naaraayanan (London Business School) Kasper Meisner Nielsen (Copenhagen Business School)

• Discussant: Vincenzo Capizzi (Department of Economics and Business Studies, Università del Piemonte Orientale (Novara, IT)) 

1.30pm to 2.00pm Profitable Misconduct, Corporate Governance, and Law Enforcement

• Anat R Admati  (Stanford Graduate School of Business) Nathan Atkinson (University of Wisconsin Law School) Paul Pfleiderer (Stanford Graduate School of Business)

• Discussant: Nora Pankratz (University of Toronto)

2.00pm to 2.30pm When Diversity Rules

• Abhinav Gupta (University of North Carolina) Joseph Kalmenovitz (University of Rochester) Ravi Ranjan (University of North Carolina) Kairong Xiao (Columbia University)

Discussant:  Charles J. Hadlock (University of Pittsburgh)

2.30pm to 3.00pm Corporate Response to Shifts in Judicial Ideology

• Joon Ho Kim (The University of Hawaii at Manoa) Tae-Nyun Kim (The College of New Jersey) Pil-Seng Lee (Baylor University) Vikram Nanda (The University of Texas at Dallas)

• Discussant:  Gerrit Köchling (Ilmenau University of Technology)

Session Chair: Sofia Johan (Florida Atlantic University)

1.00pm to 1.30pm Labor Networks, Mobility and Firm Policies [contact authors for the paper]

• Huihui Cheng (Rutgers Business School) Simi Kedia (Rutgers Business School)

• Discussant: Maxime Bonelli  (London Business School)

1.30pm to 2.00pm When the Tax Break Breaks: CEO Pay and Turnover Following TCJA [contact authors for the paper]

• Ilona Babenko (Arizona State University) Benjamin Bennett (Texas Christian University) Dragana Cvijanovic (Cornell University)

• Discussant: Stefano Manfredonia (Fordham University)

2.00pm to 2.30pm Corporate Social Responsibility and Employee Investment in Company Stock

• Maxime Bonelli  (London Business School) Marie Briere (Amundi Asset Management, Paris Dauphine University, Université Libre de Bruxelles) François Derrien (HEC Paris - Finance Department)

• Discussant:  Josep A. Tribo (Stevens Institute of Technology)

2.30pm to 3.00pm Belief Distortions and Unemployment Fluctuations [contact author for the paper]

• Do Lee (New York University)

• Discussant:  Leili Pour Rostami (University of Massachussetts-Boston)

Session Chair: Edward Lawrence (Florida International University)

1.00pm to 1.30pm M&A and Workplace Safety: Evidence from U.S. Mines

• Yue Qiu (Federal Reserve Bank of Philadelphia) Aaron Sojourner (The W.E. Upjohn Institute for Employment Research) Paolo Volpin (Drexel University)

• Discussant: Ying Wu (Stevens Institute of Technology)

1.30pm to 2.00pm Are Disclosed Merger Synergies Realized?

• Atif Ellahie (University of Utah) Xuanheng Huang (Bocconi University) Irem Tuna (London Business School) Roberto Vincenzi (Bocconi University)

• Discussant: Stefano Bonini (Stevens Institute of Technology)

2.00pm to 2.30pm Stress Testing a Literature with Declarative Econometrics

• Vanitha Ragunathan (University of Queensland) Jared Stanfield (University of Oklahoma) Robert Tumarkin (UNSW Sydney)

• Discussant:  Qiuyu (Ben) Meng (University of Massachusetts Boston)

2.30pm to 3.00pm Acquiring Supplier Networks: Domestic Mergers for International Supply Chain Resilience

• Ling Cen (The Chinese University of Hong Kong) Sudipto Dasgupta (The Chinese University of Hong Kong) Isil Erel (Ohio State University) Yanru Han (Stevens Institute of Technology)

• Discussant:   Shrijata Chattopadhyay (Binghamton University)

Session Chair: Mathias Awuni (Stevens Institute of Technology) 

3.15pm to 3.45pm Information Search, Prior Investors, and Investment Decisions: Evidence from Equity Crowdfunding

• Vincenzo Butticè (Politecnico di Milano) Valerio Lo Monaco (University of Bergamo) Tom Vanacker (Ghent University) Silvio Vismara (University of Bergamo)

• Discussant:  Morgan Webster (Stevens Institute of Technology)

3.45pm to 4.15pm Investor attention to social proof in equity crowdfunding 

• Shabnam Kazembalaghi (University of St. Andrews) Jerry Coakley (University of Essex)

• Discussant: Cristiano Bellavitis (Stevens Institute of Technology)

4.15pm to 4.45pm Anchors or Sails? Navigating Crowdfunding Security-Type Choices and Their Long-Term Implications

• Robert Reardon (Elon University)

• Discussant: Guilherme Junqueira (University of Florida)

Session Chair:  Anand Goel (Stevens Institute of Technology)

3.15pm to 3.45pm Falling Down Hard: Gender Differences in Top Management Turnover

• Charles J. Hadlock (University of Pittsburgh) Paul Obermann (Idaho State University) Joshua R. Pierce (University of Alabama)

• Discussant:   Benedikt Wick (Washington and Lee University)

3.45pm to 4.15pm Informing Independent Directors

• Messod D. Beneish (Indiana University) Cassandra D. Marshall (University of Richmond) Qianfan Wu (Indiana University) Jun Yang (Nanyang Technological University)

• Discussant: Aras Canipek (Columbia University)

4.15pm to 4.45pm Interlocking Directors and Technology Foreclosure of Peer Firms: Evidence from Licensing Agreements [contact authors for the paper]

• Jun Oh (Purdue University) Hojun Seo (Purdue University)

• Discussant: Timothy E. Trombley (Illinois State University)

Session Chair: Majeed Simaan (Stevens Institute of Technology)

3.15pm to 3.45pm Common Ownership Around the World [contact authors for the paper]

• Miguel Antón (University of Navarra) Florian Ederer (Boston University) Mireia Giné (University of Navarra) Guillermo Ramirez-Chiang (University of Navarra)

• Discussant:  Victor Saint-Jean (ESSEC Business School)

3.45pm to 4.15pm Freeriders and Underdogs: Participation in Corporate Voting

• Konstantinos E. Zachariadis (Queen Mary University) Dragana Cvijanovi´ (Cornell University) Moqi Groen-Xu (Queen Mary University)

• Discussant: George C. Nurisso (University of Florida)

4.15pm to 4.45pm Fund Family Dynamics: A Closer Look at Monitoring by Index and Active Funds

• Abed El Karim Farroukh (Indiana University) Jarrad Harford (University of Washington)

• Discussant: Zhexu (Edward) Ai (Wagner College)

Session Chair: Leili Pour Rostami (University of Massachussetts-Boston)

8.45am to 9.15am When Trade Dries Up: Infrastructure Constraints and Firm Performance [contact author for the paper]

• Nora Pankratz (University of Toronto)

• Discussant: Shizhen Wang (University College London)

9.15am to 9.45am Peer Effects in Impact Investing: Evidence from Infrastructure Investment

• Shizhen Wang (University College London) Stanimira Milcheva (University College London) Yuxin Chen (Chinese University of Hong Kong) Minyi Hu (Tsinghua University)

• Discussant: Joy Wilkinson (Florida Atlantic University and Providence College)

9.45am to 10.15am The Effect of Unlimiting Bankers’ Incentive Pay on Bank’s Risk Profile and Value

• David De Angelis (University of Houston) Hitesh Doshi (University of Houston) Mark Liang (University of Houston) Vijay Yerramilli (University of Houston)

• Discussant: Jingshu Wen (University of Oxford)

Session Chair: Cristiano Bellavitis (Stevens Institute of Technology)

8.45am to 9.15am Firms’ Data Assets and Innovation Protection Strategies [contact authors for the paper]

• Mark Bradshaw (Boston College) Pu Gu (Boston College)

• Discussant: Qilong Yu (Stevens Institute of Technology)

9.15am to 9.45am Automation-Induced Innovation Shift

• Lin William Cong (Cornell University) Yao Lu (Tsinghua University) Hanqing Shi (Tsinghua University) Wu Zhu (Tsinghua University)

• Discussant: Yu Yan (National University of Singapore)

9.45am to 10.15am Inventor Performance Pressure and Opportunistic Innovation Management [contact authors for the paper]

• Xiangqian (Sharon) Huang (Chinese University of Hong Kong) Tao Shu (Chinese University of Hong Kong) Xuan Tian (Tsinghua University)

• Discussant: Huafang Liu (Barruch College)

Session Chair: Anand Goel (Stevens Institute of Technology)

8.45am to 9.15am Local Emissions and the Dynamics of Climate Investments

• Vincenzo Butticè (Politecnico di Milano) Vincenzo Capizzi (Department of Economics and Business Studies, Università del Piemonte Orientale (Novara, IT)) Nicola Carta (Università del Piemonte Orientale) Francesca Tenca (Università del Piemonte Orientale)

• Discussant: Jue Wang (Yale University; University of Massachusetts Amherst)

9.15am to 9.45am Carbon in the Cloud [contact authors for the paper]

• Tingyu Yu (University of Zurich)

• Discussant: Keith Jin Deng Chan (The Hong Kong University of Science and Technology)

9.45am to 10.15am Set in Stone: The Persistence and Origins of Corporate Culture

• Kai Li (University of British Columbia) Yu-Jane Liu (Peking University) Ruichang Lu (Peking University) Kaihao Qian (Peking University) Xiaojun Zhang (Peking University)

• Discussant: Florian Ederer (Boston University and NBER)

Session Chair:   Stefano Bonini (Stevens Institute of Technology)

10.30am to 11.00am Beyond Bias: AI as a Proxy Advisor

• Choonsik Lee (University of Rhode Island) Matthew E. Souther (University of South Carolina)

• Discussant: Pedro Monteiro (University of Scranton)

11.00am to 11.30am Mimicking Finance

• Lauren H. Cohen (Harvard Business School) Yiwen Lu (University of Pennsylvania) Quoc H. Nguyen (DePaul University)

• Discussant: Suman Banerjee (Stevens Institute of Technology)

11.30 am to 12.00pm AlphaManager: A Data-Driven-Robust-Control Approach to Corporate Finance [contact authors for the paper]

• Murillo Campello (University of Florida) Lin William Cong (Cornell) Luofeng Zhou (New York University)

• Discussant: Stefano Bonini (Stevens Institute of Technology)

Session Chair:  Elaine Henry (Stevens Institute of Technology)

10.30am to 11.00am Bank Debt and Tax Avoidance: International Evidence

• Ruiyuan Chen (West Virginia University) Sadok El Ghoul (University of Alberta) Omrane Guedhami (University of South Carolina) Yang (David) Yang (Southern Illinois University Carbondale)

• Discussant: Jing Chen (Stevens Institute of Technology)

11.00am to 11.30am Do “MEASURES” of Bank Diversification Measure Up?

• Priyank Gandhi (Rutgers Business School) Darius Palia (Rutgers Business School) Jasper Pan (TCNJ School of Business)

• Discussant: Yudong Liu (The University of Adelaide)

11.30 am to 12.00pm The Shared Costs of Pursuing Shareholder Values [contact authors for the paper]

• Michele Fioretti (Universit`a Bocconi) Victor Saint-Jean (ESSEC Business School) Simon C. Smith (Federal Reserve Board)

• Discussant: Abhinav Gupta (UNC Kenan Flagler)

Session Chair: Majeed Simaan (Stevens Institute of Technology)

10.30pm to 11.00pm Human Capital Metrics and CEO Pay

• Zhexu (Edward) Ai (Wagner College) M. Diane Burton (Cornell University) Lingling Wang (University of Connecticut) Karen H. Wruck (Ohio State University)

• Discussant:  Serdar Aldatmaz (Northeastern University)

11.00pm to 11.30pm Executive Equity-based Compensation, Risk, and Environmental Performance

• Michael Goldstein (Babson College) Suchismita Mishra (Florida International University) Marcos Velazquez (The University of Texas Permian Basin) Le Zhao (California State University)

• Discussant: Majeed Simaan (Stevens Institute of Technology)

11.30pm to 12.00pm The Consequences of Index Investing on Managerial Incentives

• George C. Nurisso (University of Florida)

• Discussant: Anand Goel (Stevens Institute of Technology)

Details forthcoming

Session Chair:  Suman Banerjee (Stevens Institute of Technology)

1.45pm to 2.15pm Canaries in the Coal Mine: Firm Response to Biodiversity Policy Risk [contact authors for the paper]

• Ricardo Peña (University of Texas at Austin) Shikhar Singla (University of Texas at Austin) Zirui Wang (University of Texas at Austin)

• Discussant: Lauren H. Cohen (Harvard Business School)

2.15pm to 2.45pm Indebted to Nature: Corporate Biodiversity Endowment and Bond Market Reactions

• Xing Han (University of Auckland Business School) YiZheng Li (University of Auckland Business School) Pinwen L. Mu (University of Auckland Business School)

• Discussant: Tingyu Yu (University of Zurich)

2.45pm to 3.15pm  Monitoring or Selection? Institutional Ownership and Biodiversity Incidents [contact authors for the paper]

• Marwin Moenkemeyer (University of Cambridge)

• Discussant:  Jun Oh (Purdue University)

3.15pm to 3.45pm How Does Competition Affect Firms’ Carbon Performance? Firm-Level Evidence from Tariff Cuts

• Manuel Kathan (University of Augsburg) Raphaela Roeder (University of Augsburg) Sebastian Utz (University of Augsburg) Martin Nerlinger (University of St.Gallen)

• Discussant:  Maurizio Montonec (Utrecht University)

Session Chair:  Pedro Monteiro (University of Scraton)

1.45pm to 2.15pm Breaking Network Barriers in the Era of Data-Driven Venture Capitalists

• Melissa Crumling (Drexel University)

• Discussant: Mathias Awuni (Stevens Institute of Technology)

2.15pm to 2.45pm 2.15pm to 2.45pm When Roll-up Breaks: Serial Private Equity Acquisitions in the Hospital Industry [contact author for the paper]

• Sungil Kim (Duke University)

• Discussant: Young Soo Jang (Penn State)

2.45pm to 3.15pm  The Accredited Investor Definition, Private Investments, and Wealth Inequality in the US

• Aras Canipek (Columbia University)

• Discussant: Valerio Lo Monaco (University of Bergamo)

3.15pm to 3.45pm Style Drift and Legal Environment [contact author for the paper]

• Shrijata Chattopadhyay (Binghamton University) Yeejin Jang (University of New South Wales) Timothy E. Trombley (Illinois State University)

• Discussant:  Yelin Zhang (Gonzaga University)

Session Chair:  Josep A. Tribo (Stevens Institute of Technology)

1.45pm to 2.15pm Overconfident Money in Meme Stocks [contact author for the paper]

• Edward Lawrence (Florida International University), Mehul Raithatha (Indian Institute of Management Ahmedabad), Benedikt Wick (Washington and Lee University)

• Discussant: Robert Tumarkin (UNSW Sydney)

2.15pm to 2.45pm Social Media Reactions to Product Announcements and Competitive Response

• Yuanfang Chu (Chinese University of Hong Kong) Yuan Meng (Chinese University of Hong Kong)

• Discussant: Douglas Cumming (Stevens Institute of Technology)

2.45pm to 3.15pm  Beyond Disclosure: Signaling Corporate Ties on Social Media [contact author for the paper]

• Sean S. Cao (University of Maryland at College Park) Lijun (Gillian) Lei (University of North Carolina at Greensboro) Susan Shu (Boston College) Enshuai Yu (Boston College)

• Discussant:  Do Lee (New York University)

3.15pm to 3.45pm Don’t Stop the Presses! Online News Coverage and Financial Markets

• Gunchang Kim (SWUFE) Andréanne Tremblay (Université Laval)

• Discussant:  Huihui Cheng (Rutgers Business School)

Session Chair:  Jing Chen (Stevens Institute of Technology)

4.00pm to 4.30pm Regulating Activist Short-Termism: When Moral Hazard Meets Adverse Selection

• Adrian Aycan Corum (Cornell University) George C. Nurissoz (University of Florida)

• Discussant: Donghyun Kang (Erasmus School of Economics)

4.30pm to 5:00pm Emissions Restatements after the SEC’s Request for Public Input on Climate-Related Disclosures: Evidence from Carbon Disclosure Project Filings [contact author for the paper]

• Daniel Aobdia (Penn State University) Gerrit Köchling (Ilmenau University of Technology) Peter Limbach (University of Bielefeld) Aaron Yoon (Northwestern University)

• Discussant: Tae-Nyun Kim (The College of New Jersey)

5.00pm to 5.30pm  Do Female Analysts Know Politics Better? Evidence from China

• Cagri Berk Onuk (Wenzhou-Kean University) Haoran Wu (Yale University) Qilong Yu (Stevens Institute of Technology) Yunfei Zhao (Concordia University) Jiahe Zhou (City University of Hong Kong)

• Discussant: Xun Xiong (University of Kansas)

5.30pm to 6.00pm Biodiversity Protection and Housing Markets: Supply, Demand, and Speculation [contact author for the paper]

• Maxwell Sacher (University of Texas at Austin) Shikhar Singla (University of Texas at Austin)

• Discussant:  Andréanne Tremblay (Université Laval)

Session Chair: Balbinder Singh Gill (Stevens Institute of Technology)

4.00pm to 4.30pm AI and Labor Market Inequality

• Yuchi Yao (University of Oregon) Kehan Zhang (University of Oregon)

• Discussant: Sofia Johan (Florida Atlantic University)

4.30pm to 5.00pm Is There Wisdom Among the DAO Crowd? Evidence from Vote Delegation

• Chuxuan Fan (Chinese University of Hong Kong, Shenzhen) Tao Shu (Chinese University of Hong Kong) Fei Xie (University of Delaware)

• Discussant:  Pranav Garg (Yale University)

5.00pm to 5.30pm Innovation Similarity and Post-Merger Innovation Outcomes: A Labor Perspective

• Hongrui Feng (Pepperdine University) Wanli Zhao (Bocconi University) Yuri Zhu (Case Western Reserve University)

• Discussant: Jinghao Wang (Stevens Instititute of Technology)

5.30pm to 6.00pm Gender Discrimination and Human–Machine Collaboration in Credit Decisions — Evidence From Auto Finance Leasing Transactions [contact author for the paper]

• Yao Lu (Tsinghua University) Hanqing Shi (Tsinghua University) Xinzheng Shi (Peking University) Jian Sun (Singapore Management University) Yanling Sun (Politecnico di Milano)

• Discussant: Balbinder Singh Gill (Stevens Institute of Technology)

Session Chair: Yanru Han (Stevens Institute of Technology)

4.00pm to 4.30pm Non-Compete Agreements and Capital Structure Decisions

• Bektemir Ysmailov (Nazarbayev University)

• Discussant: Yang (David) Yang  (Southern Illinois University Carbondale)

4.30pm to 5.00pm Maturity Walls

• Philip Coyle (University of Wisconsin - Madison)

• Discussant: Choonsik Lee  (University of Rhode Island) 

5.00pm to 5.30pm Creditors inattention, risk taking and CEO firing: Evidence from debt covenants structure

• Stefano Bonini (Stevens Institute of Technology) Meghana Vaidya (Marist College)

• Discussant: Jasper Pan (The College of New Jersey)

5.30pm to 6.00pm Uniform Standards, Unified Risks: Expected Credit Loss and Systemic Risk in Global Banking

• Juejin Chen (Jimei University) Yupeng Lin (National University of Singapore) Ruichang Lu (Peking University) Anand Srinivasan (National University of Singapore) Xiaojun Zhang (Peking University)

• Discussant: Yanru Han (Stevens Institute of Technology)