Conference Program
Centre for Analytical Finance, ISB, Hyderabad, India Summer Research Conference 2012 in Finance - Recent Advances in Corporate Finance

ISB campus, Hyderabad, July 26-29, 2012

Conference site: http://www.isb.edu/financeconference2012

July 26, evening
Reception for conference participants

July 27, morning
Managerial Incentives
Chair: Bhagwan Chowdhry (University of California Los Angeles)

Candie Chang (Massey University), Sudipto Dasgupta (Hong Kong University of Science and Technology) and Jie Gan (Cheung Kong Graduate School of Business)
Fit, Style, and the Portability of Managerial Talent
Discussant: NR Prabhala (University of Maryland)

Zhi Li (Tulane University), Harley Ryan (Georgia State University) and Lingling Wang (Tulane University)
Family Firms and Top Management Compensation Incentives
Discussant: Radhakrishnan Gopalan (Washington University in St. Louis)

Ilona Babenko (Arizona State University) and Rik Sen (Hong Kong University of Science and Technology)
Money Left on the Table: An Analysis of Participation in Employee Stock Purchase Plans
Discussant: Vikram Nanda (Georgia Tech)

July 27, afternoon
Corporate Boards
Chair: Vikram Nanda (Georgia Tech)

Quoc-Anh Do (Singapore Management University), Bang Dang Nguyen (University of Cambridge) and P. Raghavendra Rau (University of Cambridge)
Sugar and Spice and Everything Nice: What Are Good Directors Made of?
Discussant: NK Chidambaran (Fordham University)

Lixiong Guo and Ronald Masulis (University of New South Wales)
Board Structure and Monitoring: New Evidence from CEO Turnover
Discussant: Abhiroop Mukherjee (Hong Kong University of Science and Technology)

Amit Bubna (Indian School of Business) and Radhakrishnan Gopalan (Washington University in St. Louis)
Bank Involvement in Firm Management, Panacea or a Pain?
Discussant: Subrata Sarkar (Indira Gandhi Institute of Development Research)

July 27, evening
CAF anniversary dinner
July 28, morning
Finance and Growth
Chair: Sudipto Dasgupta (Hong Kong University of Science and Technology)

Thorsten Beck (Tilburg University), Tao Chen (Chinese University of Hong Kong), Chen Lin (Chinese University of Hong Kong) and Frank M. Song (University of Hong Kong)
Financial Innovation: The Bright and the Dark Sides
Discussant: Manju Puri (Duke University)

Neviana Petkova (University of Oregon)
The Real Effects of Foreign Investment
Discussant: Krishnamurthy Subramanian (Indian School of Business)

Franklin Allen (Wharton School), Elena Carletti (European University Institute), Robert Cull (World Bank), Jun Qian (Boston College), Lemma Senbet (University of Maryland) and Patricio Valenzuela (European University Institute)
Improving Access to Banking: Evidence from Kenya
Discussant: Thorsten Beck (Tilburg University)

July 28, afternoon
Finance and Government
Chair: Thorsten Beck (Tilburg University)

Viral Acharya (New York University) and Raghuram Rajan (University of Chicago)
Sovereign Debt, Government Myopia, and the Financial Sector
Discussant: Bhagwan Chowdhry (University of California Los Angeles)

Sumit Agarwal (National University of Singapore), Gene Amromin (Federal Reserve Bank of Chicago), Itzhak Ben-David (Ohio State University), Souphala Chomsisengphet (Comptroller of the Currency, USA), Tomasz Piskorski (Columbia University) and Amit Seru (University of Chicago)
Policy Intervention in Debt Renegotiation: Evidence from Home Affordability Modification Program
Discussant: Vikrant Vig (London Business School)

July 28, evening
Chair: Sankar De (Indian School of Business)

Keynote address: Douglas Diamond (University of Chicago and CAF Academic Fellow 2012)

Conference best paper award presentation

July 29, morning
Banks
Chair: Douglas Diamond (University of Chicago)

Tobias Berg (Humboldt University), Manju Puri (Duke University) and Jörg Rocholl (European School of Management and Technology)
Loan Officer Incentives and the Limits of Hard Information
Discussant: Sumit Agarwal (National University of Singapore)

Shawn Cole (Harvard Business School), Martin Kanz (World Bank) and Leora Klapper (World Bank)
Incentivizing Calculated Risk-Taking: Evidence from a Series of Experiments with Commercial Bank Loan Officers
Discussant: Sudipto Dasgupta (Hong Kong University of Science and Technology)

Raymond Fisman (Columbia Business School), Daniel Paravisini (Columbia Business School) and Vikrant Vig (London Business School)
Cultural Proximity and Loan Outcomes
Discussant: Tarun Jain (Indian School of Business)

Andrew Winton (University of Minnesota) and Vijay Yerramilli (University of Houston)
Lender Moral Hazard and Reputation in Originate-to-Distribute Markets
Discussant: Viral Acharya (New York University)

ORGANIZING COMMITTEE: Rahul Chhabra, Sankar De, Saptarshi Mukherjee, Divya Nair, Prasanna Tantri, and Siddharth Vij

PROGRAM COMMITTEE: Viral Acharya (NYU), Rajesh Aggarwal (Minnesota), Franklin Allen (Wharton), Thorsten Beck (Tilburg), Arnoud Boot (Amsterdam), Glenn Boyle (Canterbury, New Zealand), Bhagwan Chowdhry (UCLA), Stijn Claessens (IMF), Francesca Cornelli (LBS), Sudipto Dasgupta (HKUST), Asli Demirguc-Kunt (World Bank), Joseph Fan (CUHK), Mariassunta Giannetti (Stockholm), Charles Hadlock (Michigan State)), Thomas Hellmann (UBC), Ravi Jagannathan (Kellogg), Kose John (NYU), Han Kim (Michigan), Arvind Krishnamurthy (Kellogg), Kai Li (UBC), Vojislav Maksimovic (Maryland), Ron Masulis (UNSW), Randall Morck (Alberta), Tom Noe (Oxford), Terry Odean (Berkeley), NR Prabhala (Maryland), Manju Puri (Duke), Subrata Sarkar (IGIDR), Raghu Sundaram (NYU), Anjan Thakor (Washington - St. Louis), and Vish Viswanathan (Duke).