F i n a n c e U C

5^th International Conference

Hotel Atton El Bosque

Roger de Flor 2770, Las Condes

Santiago, Chile

June 4 - 5, 2013

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Conference Program

Tuesday, June 04, 2013

10:30

Registration

Session 1: Debt and Insolvency

11:00	Insolvency resolution and the missing high yield bond markets Bo Becker - Harvard Business School Discussant: Julio Riutort - PUC Chile
12:00	Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis Gustavo Suarez - Federal Reserve Board Discussant: Jose Tessada - PUC Chile
13:00	Lunch

Session 2: Quasi-Natural Experiments in Corporate Finance

14:30	Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants Kelly Shue - Chicago Booth Discussant: Borja Larrain - PUC Chile
15:30	Financial Constraints and Investment: A Quasi-Experiment in the Electricity Sector Julio Riutort - PUC Chile Discussant: Gustavo Suarez - Federal Reserve Board

Wednesday, June 05, 2013

Session 3: News and Financial Markets

9:30	In search of fundamentals Zhi Da - Notre Dame Discussant: Tomas Reyes - PUC Chile
10:30	Playing Favorites: How Firms Prevent the Revelation of Bad News Dong Lou - LSE Discussant: Kelly Shue - Chicago Booth
11:30	Coffee break

Session 4: Controlling Shareholders

12:00	Controlling Shareholders and Firm Value Matias Tapia - PUC Chile Discussant: Henrik Cronqvist - China Europe International Business School
13:00	Lunch

Session 5: Financial Risk-Taking

14:30	Incentivizing Calculated Risk-Taking: Evidence from an Experiment with Commercial Bank Loan Officers Shawn Cole - Harvard Business School Discussant: Jeanne Lafortune - PUC Chile
15:30	Prenatal Exposure to Testosterone Reduces the Gender Gap in Financial Risk Taking Henrik Cronqvist - China Europe International Business School Discussant: Ricardo Guzman - UDD Chile