2023 Program Archive

Session I

Session Chair: Marcus Opp (Stockholm School of Economics)

Bank Funding Risk, Reference Rates, and Credit Supply
Darrell Duffie (Stanford), Stephan Luck (Federal Reserve Bank of NY), Zachry Wang (Stanford), and Yilin Yang (City University of Hong Kong)
Discussant: Isha Agarwal (Cornell)

Closing the Revolving Door
Joseph Kalmenovitz (University of Rochester), Siddharth Vij (University of Georgia), and Kairong Xiao (Columbia)
Discussant: Anastasia Fedyk (UC Berkeley)

Bank Monitoring with On-Site Inspections
Amanda Heitz (Tulane University), Christopher Martin (FDIC), and Alexander Ufier (FDIC)
Discussant: Ivan Ivanov (Federal Reserve Bank of Chicago)

Session II – Short Presentations

Session Chair: Dmitry Livdan (UC Berkeley)

Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution
Ran Duchin (Boston College), Janet Gao (Georgetown), and Qiping Xu (University of Illinois)

Would Order By Order Auctions Be Competitive?
Thomas Ernst (University of Maryland), Chester Spatt (Carnegie Mellon), and Jian Sun (Singapore Management University)

Wisdom of the Institutional Crowd: Implications for Anomaly Returns
AJ Chen (USC), Gerard Hoberg (USC), and Miao Ben Zhang (USC)

Investing in Crises
Matthew Baron (Cornell), Luc Laeven (European Central Bank), Julien Penasse (University of Luxembourg), and Yevhenii Usenko (MIT)

Session III

Session Chair: Ian Appel (University of Virginia)

Making sure your vote does not count: ESG activism, pseudo-green shareholders, and insincere proxy voting
Dunhong Jin (University of Hong Kong) and Thomas Noe (University of Oxford)
Discussant: Pedro Matos (University of Virginia)

The Shifting Finance of Electricity Generation
Aleksandar Andonov (University of Amsterdam) and Joshua Rauh (Stanford)
Discussant: Aymeric Bellon (UNC)

Session IV

Session Chair: Jeffrey Zwiebel (Stanford)

Does the Market Understand Time Variation in the Equity Premium?
Mihir Gandhi (University of Chicago), Niels Gormsen (University of Chicago),
and Eben Lazarus (MIT)
Discussant: Dino Palazzo (Federal Reserve Board)

Shocking Wealth: The Long-Term Impact of Housing Wealth Taxation
Matthijs Korevaar (Erasmus University Rotterdam) and Peter Koudijs (Erasmus
University Rotterdam)
Discussant: Michaela Pagel (Columbia)

Household Debt Overhang and Human Capital Investment
Gustavo Manso (UC Berkeley), Alejandro Rivera (UT Dallas), Han Xia (UT Dallas), and Hui Wang (Bentley University)
Discussant: Vadim Elenev (John Hopkins University)