F i n a n c e U C

16th International Conference


MBA UC Building

Av. Libertador Bernardo O'Higgins 440

Santiago, Chile


June 26 - 27, 2019




Conference Program

Wednesday June 26, 2019

10:30 Registration

Session 1: Institutional Investors

11:00 The value of intermediation in the stock market
Mark Egan – Harvard Business School
Discussant: Vincent van Kervel - UC
12:00 Short break
12:05 Search for yield in large international corporate bonds
Mauricio Larrain – PUC Chile and CMF Chile
Discussant: Tony Cookson – University of Colorado
13:05 Lunch (by invitation only)

Session 2: Small firms

14:30 Common owners and the transmission of shocks between firms
Giorgo Sertsios – Universidad de Los Andes
Discussant: Emanuele Colonnelli – University of Chicago
15:30 Short Break
15:35 More cash flows, more options? The effects of cash windfalls on small firms
Carlos Parra – PUC Chile
Discussant: Juanita Gonzalez-Uribe – London School of Economics

Thursday June 27, 2019

Session 3: Entrepreneurs and politicians

9:45 Identifying and boosting "Gazelles": Evidence from business accelerators
Juanita Gonzalez-Uribe – London School of Economics
Discussant: Consuelo Silva – PUC Chile
10:45 Short break
10:50 Corruption and firms: Evidence from randomized audits in Brazil
Emanuele Colonnelli – University of Chicago
Discussant: Borja Larrain – PUC Chile
11:50 Coffee break
12:20 Labor market effects of deleting delinquencies
Gonzalo Maturana – Emory University
Discussant: Felipe Aldunate – PUC Chile
13:20 Lunch (by invitation only)

Session 4: Household finance

14:30 Shale shocked: The long run effect of wealth on household debt
Tony Cookson – University of Colorado
Discussant: Carlos Parra – PUC Chile
15:30 Short break
15:35 No job, no money, no refi: Frictions to refinancing in a recession
Anthony DeFusco – Northwestern University
Discussant: Jose Tessada – PUC Chile


This conference is funded by Finance UC, and the Vicerrectoría de Investigación of the Pontificia Universidad Católica de Chile.