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Cambridge - Corporate Finance Theory Symposium September 2016

For the third year, CERF is organising a Corporate Finance Theory Symposium.The symposium consists of nine high quality papers in the broad area of corporate finance theory.

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Cambridge – Corporate Finance Theory Symposium

Programme (Full Programme in Pdf)

16th-17th September 2016

Keynote speaker: Anjan Thakor, Washington University in St. Louis: John E. Simon Professor of Finance, Director of the PhD Program, and Director of the WFA Center for Finance and Accounting Research

Call for papers: now closed

Register here (please register for both days if you wish to attend the whole Symposium):

Register here to attend

Friday, 16 September

13.30-14.00 Arrival and Registration

14.00-14.15 Welcome and Introduction, Bart Lambrecht (CJBS and CERP)


Jean-Paul Décamps (Toulouse School of Economics) and Stéphane Villeneuve (Toulouse School of Economics) - Integrating profitability prospects and cash management. Discussant: Francesca Zucchi (Board of Governors of the Federal Reserve System)


Panagiotis Couzoff (London School of Economics), Shantanu Banerjee (Lancaster University Management School) and Grzegorz Pawlina (Lancaster University Management School) – Effectiveness of Monitoring, Managerial Entrenchment, and Corporate Cash Holdings. Discussant: Roberto Steri (University of Lausanne)

16.15- 17.05

Neil Brisley (University of Waterloo) - Market-specific Human Capital: Talent Mobility, Compensation, and Shareholder Value. Discussant: John Thanassoulis (Warwick Business School)

Saturday, 17 September

09.00- 09.50

Alex Edmans (London Business School, CEPR), Doron Levit (University of Pennsylvania), Devin Reilly (University of Pennsylvania) - Governing Multiple Firms. Discussant: Denis Gromb (HEC Paris)

09.50- 10.40

Julian Kolm (Vienna University of Economics and Business), Christian Laux (Vienna University of Economics and Business),  Gyöngyi Lóránth (University of Vienna) - Bank Regulation, CEO Compensation and Boards. Discussant: Hendrik Hakenes (Bonn Graduate School of Economics)

11.10- 12.00 Keynote Speaker Anjan Thakor (Washington University in St. Louis)


Cyrus Aghamolla (Columbia University) & Ilan Guttman (New York University) - Strategic Timing of IPO - A Dynamic Model of Multiple Firms. Discussant: Francesco Sangiorgi (Stockholm School of Economics)

14.00- 14.50

Jonathan Cohn (University of Texas), Uday Rajan (University of Michigan), Günter Strobl (Frankfurt School of Finance and Management) - Credit Ratings: Strategic Issuer Disclosure and Optimal Screening. Discussant: Vasiliki Skreta (University College London)

14.50- 15.40

Roman Inderst (University of Frankfurt) and Vladimir Vladimirov (University of Amsterdam) - Financing Choices When Investors Can Become Dominant. Discussant: Pierre Mella-Barral (EDHEC Business School)

16.00- 16.50

Juan M. Ortner (Boston University) and Martin C. Schmalz (University of Michigan) - Disagreement in Optimal Security Design. Discussant: Ulf Axelson (London School of Economics)


 Conference OrganizersNadya Malenko (Boston College Carroll School of Management) and Bart Lambrecht (CERF, Cambridge Judge Business School and CEPR)

 Programme Committee:

Snehal Banerjee (University of California at San Diego), Amil Dasgupta (London School of Economics), James Dow (London Business School), Paolo Fulghieri (University of North Carolina at Chapel Hill), Andrea Gamba (Warwick University), Sebastian Gryglewicz (Erasmus University Rotterdam), Ilan Guttman (New York University), Dirk Hackbarth (Boston University), Volker Laux (University of Texas at Austin), Doron Levit (University of Pennsylvania),  Richard Lowery (University of Texas at Austin), Qiusha Peng (University of Cambridge), Paul Povel (University of Houston), Edward Van Wesep (University of Colorado Boulder)


Sponsor: Cambridge Endowment for Research in Finance (CERF)

Organized in collaboration with CEPR



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