Foundation for Advancement of Research in Financial Economics
The Second FARFE conference (see Founding Conference Information)
MIT's Endicott House, 80 Haven Street, Dedham, MA 02026
(List of Participants)
(Conference Photos)
October 9 & 10, 2009
October 9, 2009
6:30-7:30 Reception and Appetizers
8:00 Dinner
October 10, 2009
7:30 - 8:30 Breakfast
8:30 - 9:30 Session 1: Dynamic Capital Structure I
Chair: Michael Brennan
Comments on the
Literature
CDS Rate Predictions
of a Structural Model Before and During the Crisis
Hayne Leland, University of California at Berkeley
The Aggregate
Dynamics of Capital Structure and Macroeconomic Risk
Harjoat S. Bhamra, University of British Columbia
Lars-Alexander Kuehn, Carnegie Mellon University
Ilya A. Strebulaev, Stanford University
Discussant: Gustavo
Manso, Massachusetts Institute of Technology
9:30 - 9:50 Coffee Break
9:50 - 11:00 Session 2: Dynamic Capital Structure II
Chair: Michael Fishman
Optimal Priority
Structure, Capital Structure, and Investment
Dirk Hackbarth, Univerity of Illinois at Urbana-Champaign
David Mauer, University of Texas at Dallas
Discussant: Josef
Zechner, Vienna University of Economics and Business Administration
Manager
Characteristics and Capital Structure: Theory and Evidence
Sanjai Bhagat, University of Colorado at Boulder
Brian Bolton, University of New Hampshire
Ajay Subramanian, Georgia State University
Discussant: Erwan
Morellec, Ecole Polytechnique Federale de Lausanne
11:00 - 11:20 Coffee Break
11:20 - 12:30 Session 3: Frontiers in Corporate Finance
Chair: Bengt Holmstrom
Unified Theory of
Tobin's q, Corporate Investment, Financing, and Risk Management
Patrik Bolton, Columbia University
Hui Chen, Massachusetts Institute of Technology
Neng Wang, Columbia University
Discussant: Peter
DeMarzo, Stanford University
Repeated
Signaling and Firm Dynamics
Christopher Hennessy, University of California at Berkeley
Dmitry Livdan, University of California at Berkeley
Bruno Miranda, Countrywide Bank
Discussant: Bilge
Yilmaz, University of Pennsylvania
12:30 - 2:30 Lunch Break
2:30 - 4:30 Panel Discussion (with audience participation) on the Financial
Crisis and the Way Forward
Moderator: Anat Admati, Stanford University
Tobias Adrian, NY Fed
Douglas W. Diamond, University of Chicago
Anthony M. Santomero, University of Pennsylvania and Senior Advisor
at McKinsey
Steve A. Ross, Massachusetts Institute of Technology
Chester Spatt, Carnegie Mellon University
Jeremy Stein, Harvard University
5:00 FARFE annual members meeting
5:30 - 7:00 Reception and Appetizers
7:00 Dinner