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Cambridge - Corporate Finance Theory Symposium September 2014

The symposium consists of nine high quality papers in the broad area of corporate finance theory

CERF 

 

Cambridge – Corporate Finance Theory Symposium

19th-20th September 2014

Programme

All sessions take place in

Lecture Theatre 3, Cambridge Judge Business School,
Trumpington Street, Cambridge, CB2 1AG

Attendance is by invitation or prior registration only. Due to limited places, please register with admin@cerf.cam.ac.uk by 1 September 2014

Friday 19th September

13:00

Registration and Buffet Lunch, Common Room, Cambridge Judge Business School

14:00

Welcome

 

Bart Lambrecht (CERF, Cambridge Judge Business School and CEPR)

 
 

Session 1 – chair: Grzegorz Pawlina

 

14:10

Activist Funds, Leverage, and Procyclicality

Mike Burkart (Stockholm School of Economics) and Amil Dasgupta (London School of Economics) Presentation Slides

Discussant: Giacinta Cestone (Cass Business School)

15:00

 

 

 

15:50

Ownership Structure, Organizational Reform and Corporate Reputations

Thomas Noe (Saïd Business School), Michael J. Rebello (University of Texas at Dallas) and Thomas Rietz (University of Iowa)

Discussant: Amil Dasgupta (London School of Economics)

Coffee, Common Room, Cambridge Judge Business School

 


Session 2 – chair: Bart Lambrecht

16:15

Incentives for Information Production in Markets Where Prices Affect Real Investment

James Dow (London Business School), Itay Goldstein (University of Pennsylvania) and Alexander Guembel (Toulouse School of Economics)

Discussant: Rohit Rahi (London School of Economics)

 

Saturday 20th September

08:45

Coffee, Common Room, Cambridge Judge Business School

 

Session 3 – chair: Bart Lambrecht

09:00

Debt, Taxes and Liquidity

Patrick Bolton (Columbia University), Hui Chen (MIT Sloan School of Management) and Neng Wang (Columbia Business School)

Discussant:  Christian Riis Flor (University of Southern Denmark)

09:50

How Effectively Can Debt Covenants Alleviate Financial Agency Problems?

Andrea Gamba (Warwick Business School) and Alexander Triantis (University of Maryland) Presentation Slides

Discussant: Grzegorz Pawlina (Lancaster University Management School)

 

10:40

Coffee, Common Room, Cambridge Judge Business School

 

11:00

The Corporate Finance of Banks and Firms

(based on : Deposits and Bank Capital Structure)

KEYNOTE speaker: Franklin Allen (Imperial College Business School)

 

Session 4 – chair: Grzegorz Pawlina

11:50

Strategic Decertification in Venture Capital

Pierre Mella-Barral (EDHEC Business School) and Vijay Vaidyanathan (EDHEC Risk Institute) Presentation Slides

Discussant: Gilles Chemla (Imperial College Business School)

12:40

Buffet Lunch, Common Room, Cambridge Judge Business School

 

 

 

Session 5 – chair: Bart Lambrecht

 

14:00

Government as Borrower of First Resort

Gilles Chemla (Imperial College) and Christopher Hennessy (London Business School)

Discussant: Joel Shapiro (Saïd Business School)

15:00

Financing Through Asset Sales

Alex Edmans (London Business School) and William Mann (Anderson School at UCLA)

Discussant: Farzad Saidi (Cambridge Judge Business School)

 

15:50

 

 

 

 

 

 

Means of Payment and Timing of Mergers and Acquisitions in a Dynamic Economy

Alexander Gorbenko (London Business School) and Andrey Malenko (MIT Sloan School of Management) Presentation Slides

Discussant: Sebastian Gryglewicz (Erasmus University Rotterdam)


 

 

Symposium organizers:

Bart Lambrecht (CERF, Cambridge Judge Business School and CEPR)

Grzegorz Pawlina (Lancaster University Management School)

 

Sponsor: Cambridge Endowment for Research in Finance (CERF)

 

 Organized in collaboration with the CEPR

 

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