Summer Research Conference, 2015
Day 0 : July 30, 2015
7:30 PMReception for Conference Participants
Day 1 : July 31, 2015
8:45 AM –
11:15 AM
Session 1: Corporate Governance and Compensation
Session Chair: Lemma Senbet, AERC and Maryland
Governance by Litigation
Author: Ian Appel, Wharton
Discussant: Jayant Kale, Northeastern University
The Role of Deferred Pay in Retaining Managerial Talent
Author: Radhakrishnan Gopalan, Washington University, St. Louis
            Sheng Huang, Singapore Management University
            Johan Maharjan, Washington University, St. Louis
Discussant: Gennaro Bernile, Singapore Management University
Information Asymmetry, Talent Competition, and the Decline in Incentives with Firm Size: Theory and Evidence
Author: Peter Swan, UNSW
            Jaeyoung Sung, Ajou University
Discussant: Archisman Chakraborty, Yeshiva University
11:15 AM–
11:30 AM 
Tea Break
11:30 AM –
1:15 PM
Session 2: Behavioral Corporate Finance
Session Chair: Evgeny Lyandres, Boston University
What doesn’t kill you will only make you more risk-loving: Early-life disasters and CEO behavior?
Author: Gennaro Bernile, Singapore Management University
            Vineet Bhagwat, University of Oregon
            P. Raghavendra Rau, Cambridge University
Discussant: Vikram Nanda, Rutgers Business School
The Effects of Experience on Investor Behavior: Evidence from India's IPO Lotteries 
Author: Vimal Balasubramaniam, Oxford University
             Tarun Ramadorai, Oxford University
             Santosh Anagol, Wharton
Discussant: Tarun Chordia, Emory University
1:15 PM –
3:15 PM
Lunch Break and Networking
       3:15 PM–
5:00 PM
Session 3: Regulation and Governance
Session Chair: Vikram Nanda, Rutgers Business School
Incomplete Contracts and the Costs of Job Rotation: Evidence From Loan Officer Rotation
Author: Krishnamurthy Subramanian, ISB
            Subhendu Bhowal, MIT
            Prasanna Tantri, ISB
Discussant: Yun Liu, UC-Riverside
Do Taxes Hinder Innovation?
Author: Manpreet Singh, HKUST
            Alminas Žaldokas, HKUST
            Abhiroop Mukherjee, HKUST
Discussant: Shashwat Alok, ISB
7:00 PM-
10:00 PM
CAF Anniversary Dinner, Novotel, Hyderabad
Day 2 : August 1, 2015
8:45 AM –
11:15 AM
Session 4: Investments
Session Chair: Tarun Chordia, Emory University
The Cultural Origin of Preferences
Author: Stephan Siegel, University of Washington, Seattle
            Yihui Pan, University of Utah
            Tracy Yue Wang, University of Minnesota
Discussant: Bhagwan Chowdhry, UCLA
Ephemeral Experiences, Long Lived Impact: Disasters and Portfolio Choice
Author: DuckKi Cho, Arizona State University
            Sreedhar T. Bharath, Arizona State University
Discussant: Sanjiv Ranjan Das, Santa Clara University
Information Environment and the Geography of Firms and Investors
Author: Gennaro Bernile, Singapore Management University
            Shimon Kogan, University of Texas, Austin
            Johan  Sulaeman, National University of Singapore
Discussant: Raman Kumar, Virginia Tech
11:15 AM–
11:30 AM
Tea Break
11:30 AM –
1:15 PM
Session 5: Financial Intermediation
Session Chair: Krishnamurthy Subramanian, Indian School of Business
Does Lack of Financial Stability Impair the Transmission of Monetary Policy?
Author: Björn Imbierowicz, Goethe University
            Viral V. Acharya, NYU-Stern
            Sascha Steffen, European School of Management and Technology
            Daniel Teichmann, Goethe University
Discussant: Prachi Mishra, IMF and RBI
The Bank Lending Channel of Monetary Transmission: New Evidence from India
Author: Prachi Mishra, IMF and RBI
            Abhiman Das, RBI
            N. R. Prabhala, Maryland and CAFRAL
Discussant: Prasanna TantriIndian School of Business
1:15 PM –
3:15 PM
Lunch Break and Networking
3:15 PM –
5:00 PM
Session 6: Capital Structure
Session Chair: Stephan Siegel, University of Washington
Passive Investors, Not Passive Owners
Author: Ian Appel, Wharton
            Todd A. Gormley, Wharton
            Donald B. Keim, Wharton
Discussant: Sevinç Cukurova, Aalto University

Owners' portfolio diversification and firm investment: Evidence from public and private firms
Author: Evgeny Lyandres, Boston University
            Maria-Teresa Marchica, University of Manchester
            Roni Michaely, Cornell University and IDC
            Roberto Mura, University of Manchester
Discussant: Amar Gande, SMU Cox
5:00 PM–
5:15 PM
Tea Break
 5:15 PM –
6:15 PM
Keynote address by Professor Lemma Senbet (AERC and Maryland)
6:30 PMBest Paper Presentation Award and Vote of Thanks