Agenda

 

 Agenda 
July 30,2014, Evening 7.30pm
Reception for conference participants
July 31, 2014,Morning,9.00 am- 1.00 pm
Session 1: Default Risk and Corporate Finance
Chair: Krishna Ramaswamy (The Wharton School, University of Pennsylvania)
Does it Matter who Owns Moody's?

Authors
Simi Kedia (Rutgers Business School), Shivaram Rajgopal (Emory University), Xing Zhou (Rutgers Business School)
Discussant
Suresh Sundaresan (Columbia Business School)

Bankrupt Family Firms
Authors
Alminas Zaldokas (HKUST Business School) & Massimo Massa (INSEAD)
Discussant
Jayant Kale (Northeastern University)
Session 2: Investor Activism
Chair:  Suresh Sundaresan (Columbia Business School)
Activist Funds, Leverage, and Procyclicality
Authors
Amil Dasgupta & Mike Burkart (London School of Economics)
Discussant
Suman Banerjee (Nanyang Technological University in Singapore)
Hedge Fund Activists: Do They Take Cues from Institutional Exit
Authors
Nickolay Gantchev & Chotibhak Jotikasthira (UNC Chapel Hill)   
Discussant
Reena Aggarwal (Georgetown University)
Session 3: Banking
Chair:  Bhagwan Chowdhry (University of California, Los Angeles), 3.00 pm- 5.00 pm
Did the community reinvestment act lead to risky lending?​
Authors
Sumit Agarwal (National University of Singapore), Efraim Benmelech (Kellogg School of Management), Nittai Bergman (MIT) and Amit Seru (Chicago Booth)
Discussant  
Subbu Krishnamurthy (ISB)
How Organizational Hierarchy Affects Information Production ​
Authors
Janis Skrastins & Vikrant Vig (London Business School)
Discussant 
Wenlan Qian (National University of Singapore
KEYNOTE ADDRESS​,5.00 PM
Laura Starks, Charles E. and Sara MSeay Regents Chair and Director of AIM Investment Center, University of Texas, Austin and CAF Academic Fellow 2014​
Evening, 7.00 pm-10.00 pm
CAF anniversary dinner, Novotel, Hyderabad​
August 1, 2014, Morning,9.00am - 1.00 pm
Session 4: Governance
Chair:  Amit Bubna (ISB)​
Ownership, Investment and Governance: The Costs and Benefits of Dual Class Shares 
Authors
Suman Banerjee (Nanyang Technological University) & Ronald Masulis (Australian School of Business)
Discussant
Abhiroop Mukherjee (HKUST)​
Firms in Corrupt Environments and the Value of Corporate Governance​
Authors
Steven Chong Xiao, Nishant Dass (Georgia Tech) and Vikram Nanda (Rutgers Business School)
Discussant 
Martin Kanz (World Bank)
Session 5: Capital Structure and Incentives
Chair:  Subramanian Krishnamurthy (ISB)​
Managerial Compensation in Multi-division Firm​
Authors
Shashwat Alok (ISB) & Radha Gopalan (Washington University, St. Louis)
Discussant  
Harley Ryan (Georgia State University)
Financial leverage, product quality failures, and product market effects: Evidence from product recalls ​
Authors
Jaideep Shenoy, Venkat Subramaniam (Tulane University) & Omesh Kini (Georgia State University)
Discussant
Simi Kedia (Rutgers Business School)​
Session 6: Emerging Markets
Chair:  Reena Aggarwal (Georgetown University)​, 3.00pm - 5.00 pm
Does Microfinance Foster Business Growth? The Importance of Entrepreneurial Heterogeneity​​
Authors
Abhijit Banerjee (MIT), Emily Breza (Columbia Business School), Esther Duflo (MIT), and Cynthia Kinnan (Northwestern University)
Discussant  
Meghana Ayyagari (George Washington University)​
The Economic Effects of a Borrower Bailout: Evidence from an Emerging Market ​
Authors
Martin Kanz  & Xavier Gine (World Bank)  
Discussant  
Bhagwan Chowdhry (UCLA)
NSE best paper award presentation, 5.10 pm
Vote of Thanks, 5.30 PM
Program Chairs
Krishna Ramaswamy and N. R. Prabhala​
Organizing committee
Arkodipta Sarkar, Divya Nair, Gursharan Singh Bhue, Prasanna Tantri and Subhendu Bhowal. 
Program committee
Adlai Fisher, Anand Srinivasan, Anil Shivdasani, Anjan Thakor, Augustin Landier, Bhagwan Chowdhry, Clemens Sialm, David Reeb, David Yermack, Ernst Maug, Gerard Hoberg, Jayant Kale, Jennifer Huang, Lalitha Naveen, Manju Puri, N. K. Chidambaran, Per Stromberg, Radha Gopalan, Raghu Rau, Rajkamal Iyer, Rajesh Aggarwal, Reena Aggarwal, Renee Adams, Robert Hauswald, Ron Masulis, Shawn Cole, Stijn Claessens, Sumit Agarwal, Sudipto Dasgupta, Tarun Ramadorai, Thomas Hellmann, Todd Gormley, Uday Rajan, Vikrant Vig, Vikram Nanda, and Vojislav Maksimovic