2013 Program Archive

Session I
Session Chair: Lukas Schmid (Duke)

Contingent-Claim-Based Expected Stock Returns
Zhiyao Chen (University of Reading) and Ilya Strebulaev (Stanford)
Discussant: Rajnish Mehra (ASU)

A Labor Capital Asset Pricing Model
Lars-Alexander Kuehn (CMU), Mikhail Simutin (Toronto), and Jessie Jiaxu Wang (CMU)
Discussant: Dimitris Papanikolaou (Northwestern)

Session II
Session Chair: David Soloman (USC)

A Century of Capital Structure: The Leveraging of Corporate America
John Graham (Duke), Mark Leary (Washington), and Michael Roberts (UPenn)
Discussant: Murray Frank (Minnesota)

In the Mood for a Loan: The Causal Effect of Sentiment on Credit Origination
Sumit Agarwal (NUS), Ran Duchin (Washington), and Denis Sosyura (Michigan)
Discussant: Diego Garcia (UNC)

Session III
Session Chair: Neal Stoughton (The Vienna University of Economics and Business)

Firm Investment and Stakeholder Choices: A Top-Down Theory of Capital Budgeting
Andres Almazan (UT-Austin), Zhaohui Chen (UVA), and Sheridan Titman (UT-Austin)
Discussant: Jeffrey Zwiebel (Stanford)

A Theory of Initiation of Takeover Contests
Alexander Gorbenko (LBS) and Andrey Malenko (MIT)
Discussant: Merih Sevilir (Indiana)

Session IV
Session Chair: Pavel Savor (UPenn)

The Unpriced Side of Value
Joseph Gerakos (Chicago) and Juhani Linnainmaa (Chicago)
Discussant: Wayne Ferson (USC)

Discretionary Liquidity: Hedge Funds, Side Pockets, and Gates
Adam Aiken (Quinnipiac), Chris Clifford (Kentucky), and Jesse Ellis (Alabama)
Discussant: Vikas Agarwal (GSU)

Session V
Session Chair: Jarrad Harford (Washington)

How Much does Credit Matter for Entrepreneurial Success in the United States?
Cesare Fracassi (UT-Austin), Mark Garmaise (UCLA), Shimon Kogan (UT-Austin), Gabriel Natividad (NYU)
Discussant: Nishant Dass (Georgia Tech)

Credit Supply and Corporate Innovation
Mario Daniele Amore (Boccini), Cédric Schneider (Copenhagen), and Alminas Žaldokas (HKUST)
Discussant: Thomas Chemmanur (BC)

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