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)