ECFC 2023

Wednesday 31 May 2023

Discussant Session 1: “Labor & PE”: (13:30–15:30)

Session Chair: Bill Megginson, Oklahoma

Shared Culture and Technological Innovation: Evidence from Corporate R&D Teams

• Tristan James Fitzgerald (presenting), Texas A&M University, USA
• Xiaoding Liu, Texas A&M University, USA

Discussant: Maria-Teresa Marchica, Manchester

Venture Labor: A Nonfinancial Signal for Start-up Success

• Jie He, University of Georgia, USA
• Sean Cao, University of Maryland, USA
• Luna Lin, Clarkson University, USA
• Xiao Ren, Chinese University of Hong Kong, Shenzhen, China (attending)

Discussant: Marina Niessner, Wharton

Private Equity and Debt Contract Enforcement: Evidence from Covenant Violations

• Sharjil Haque, Federal Reserve Board, USA
• Anya Kleymenova (attending), Federal Reserve Board, USA

Discussant: Patrick Verwijmeren, Erasmus

Short Presentations Session 1: (16:00–17:40)

Session Chair: Naveen Khanna, Michigan State

Municipal Capital Structure

• Murray Carlson, University of British Columbia, Canada
• Ron Giammarino (presenting), University of British Columbia, Canada
• Rob Heinkel, University of British Columbia, Canada

M&As and innovation: Evidence from acquiring private firms

• Jana Fidrmuc, Warwick Business School, UK (presenting)
• Siti Farida, Birmingham Business School, UK
• Chendi Zhang, University of Exeter Business School, UK

Sharing SME Cash Flow Data

• Saleem Bahaj, University College London, UK
• Filippo De Marco, Bocconi University, Italy
• Angus Foulis, Bank of England
• Francesco Mazzola, Erasmus University Rotterdam, Netherlands (presenting)

Tax Avoidance through Cross-Border Mergers and Acquisitions

• Jean-Marie Meier, University of Texas at Dallas, USA
• Jake Smith (presenting), University of Texas at Dallas, USA

Does a VC’s commitment lead to improved investment outcomes? Evidence from climate startups

• Aaron Burt, University of Oklahoma, USA
• Jarrad Harford, University of Washington, USA
• Jared Stanfield, University of Oklahoma, USA (presenting)
• Jason Zein, University of New South Wales, Australia

Gala Dinner and Whisky Tasting with the gracious support of Elsevier – Ghillie Dhu, 2 Rutland Place, Edinburgh EH1 2AD (19:30–22:30)

Thursday 1 June 2023

Discussant Session 2: “Debt”: (09:00–11:00)

Session Chair: Murillo Campello, Cornell

Is Bond Financing Disintermediated? The Role of Bank Trading Networks

• Giorgio Ottonello, Nova School of Business and Economics, Portugal (attending)
• Antonino Emanuele Rizzo, Nova School of Business and Economics, Portugal
• Rafael Zambrana, Mendoza College of Business, Notre Dame, USA

Discussant: Stas Nikolova, Nebraska

Trade Credit and the Stability of Supply Chains

• Nuri Ersahin, Michigan State University, USA (presenting)
• Mariassunta Giannetti, Stockholm School of Economics, Sweden
• Ruidi Huang, Southern Methodist University, USA

Discussant: Marc Lipson, Virginia

Household Debt Overhang and Human Capital Investment

• Gustavo Manso, UC-Berkeley, USA
• Alejandro Rivera, University of Texas at Dallas, USA
• Han Xia, University of Texas at Dallas, USA (attending)
• Hui Grace Wang, Bentley University, USA (attending)

Discussant: Irina Merkurieva, St. Andrews

Keynote Speech: (11:30–13:00)

Professor Reena Aggarwal, Georgetown University, USA

Short Presentations Session 2 (14:00–15:40)

Session Chair: Ron Giammarino, University of British Columbia

Sustainable Organizations

• Thomas Geelen, Copenhagen Business School and Danish Finance Institute
• Jakub Hajda, HEC Montreal, Canada
• Jan Starmans, Stockholm School of Economics, Sweden (presenting)

You Only Lend Twice: Corporate Borrowing and Land Values in Real Estate Cycles

• Cameron LaPoint, Yale University, USA (presenting)

Diversity Washing

• Andrew Baker, Berkeley Law School, USA
• David Larcker, Stanford Graduate School of Business, USA
• Charles McClure, University of Chicago, USA (presenting)
• Durgesh Saraph, Yale School of Management, USA
• Edward Watts, Jump Trading, USA

Remotely Productive: The Efficacy of Remote Work for Executives

• Ran Duchin, Boston College, USA
• Denis Sosyura, Arizona State University, USA (presenting)

Toxic CEOs, ESG Funds as Watchdogs, and the Labor Market Outcomes

• Ugur Lel, University of Georgia, USA

Discussant Session 3: “Governance” (16:00–18:00)

Session Chair: Raghu Rau, Cambridge

Shareholder Power and the Decline of Labor

• Antonio Falato, Federal Reserve Board, USA
• Hyunseob Kim, Federal Reserve Bank of Chicago, USA (attending)
• Till Von Wachter, UCLA, USA

Discussant: Ilyana Kuziemko, Princeton (online)

Self-Dealing in Corporate Investment

• Paul Decaire, Arizona State University, USA
• Denis Sosyura (attending), Arizona State University, USA

Discussant: Anastasia Zakolyukina, Chicago

Foreign Influence in US Politics

• Lakshmi Naaraayanan, London Business School, UK (attending)
• Marco Grotteria, London Business School, UK (attending)
• Max Miller, Wharton School of Business, USA

Discussant: Mancy Luo, Erasmus

Organising Committee

Programme Committee