+44(0)131 650 4603 ecfconference@ed.ac.uk 29 Buccleuch Place, Edinburgh, EH8 9JS, UK

2015 Conference

Keynote: Andy Haldane

Chief Economist and Executive Director, Monetary Analysis and Statistics, Bank of England

Rating Friends: the Effect of Personal Connections on Credit Ratings

Seyed Hossein Khatami, University of Manchester
Maria-Teresa Marchica, University of Manchester
Roberto Mura, University of Manchester

Strategic News Releases in Equity Vesting Months

Alex Edmans, London Business School
Luis Goncalves-Pinto, National University of Singapore
Yanbo Wang, INSEAD
Moqi Xu, London School of Economics

In the Path of the Storm: Does Distress Cause Non-Financial Firms to Risk-Shift?

Oksana Pryshchepa, Birmingham University
Kevin Aretz, Manchester Business School
Shantanu Banerjee, Lancaster University

CEO Fitness and Firm Value

Peter Limbach, Karlsruhe Institute of Technology
Florian Sonnenburg, University of Cologne

The Market for Equity Lending and Corporate Cash

Murillo Campello, Cornell University
Pedro Saffi, University of Cambridge

Hold-Up and the Use of Performance-Sensitive Debt

Tim Adam, Humboldt University
Daniel Streitz, Humboldt University

The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans

Veljko Fotak, SUNY Buffalo
Hae Kwon Lee, SUNY Buffalo

Financing Decisions of Private and Publicly Traded Firms: Evidence from a Quasi-Natural Experiment

Gordon Phillips, University of Southern California
Giorgo Sertsios, University de los Andes

Market and Regional Segmentation and Risk Premia in the First Era of Financial Globalization

David Chambers, Cambridge Judge Business School
Sergei Sarkissian, McGill University
Michael Schill, Darden School of Business, University of Virginia

Does Short Selling Discipline Overinvestment?

Eric C. Chang, University of Hong Kong
Tse-Chun Lin, University of Hong Kong
Xiaorong Ma, University of Hong Kong

Spillovers Inside Conglomerates: Incentives and Capital

Ran Duchin, University of Washington
Amir Goldberg, Stanford University
Denis Sosyura, University of Michigan

The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market

Martin Kanz, World Bank
Xavier Gine, World Bank