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CSEF - Center for Studies in Economics and Finance

21 June 2019 – 22 June 2019
Conference on Finance, Labor and Inequality

Friday, 21 June 2019

8:30-8:55 Registration

8:55-9:00 Welcome address

Session 1: M&As and Human Capital

Chair: Andrew Ellul (Kelley School of Business, Indiana University)

9:00-10:00 Alex Xi He (Massachusetts Institute of Technology)
“Mergers and Managers: Manager-Specific Wage Premiums and Rent Extraction in M&As” (joint with Daniel le Maire) III slides
Discussant: David Matsa (Kellogg School of Management, Northwestern University) III slides

10:00-10:20 Coffee break

10:20-11:20 Spyridon Lagaras (Katz Graduate School of Business, University of Pittsburgh)
“Corporate Takeovers and Labor Restructuring” III slides
Discussant: Ashwini Agrawal (London School of Economics) III slides
11:20-12:20 Paolo Fulghieri (Kenan-Flagler Business School, University of North Carolina)
“Human Capital Integration in Mergers and Acquisitions” (joint with Merih Sevilir) III slides
Discussant: Alessio Piccolo (Kelley School of Business, Indiana University) III slides

12:20-13:10 Lunch

Session 2: Workers and Corporate Governance

Chair: Elena Simintzi (Kenan-Flagler Business School, University of North Carolina)

13:10-14:10 Simon Jäger (Massachusetts Institute of Technology)
“Workers in the Board Room: The Causal Effects of Shared Corporate Governance” (joint with Benjamin Schoefer and Jörg Heining) III slides
Discussant: Jonathan Cohn (McCombs School of Business, University of Texas at Austin) III slides

14:10-15:10 Denis Sosyura (Arizona State University)
“The Origins and Real Effects of the Gender Gap: Evidence from CEOs’ Formative Years” (joint with Ran Duchin and M. Simutin) III slides
Discussant: Edward van Wesep (Leeds School of Business, University of Colorado) III slides

15:10-15:30 Coffee break

Session 3: Financial Development, Policy and Human Capital Accumulation

Chair: Annalisa Scognamiglio (University of Naples Federico II)

15:30-16:30 Luke C.D. Stein (W. P. Carey School of Business, Arizona State University)
“Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank” (joint with Constantine Yannelis) III slides
Discussant: Roberto Pinto (Lancaster University) III slides

16:30-17:30 Miao Ben Zhang (Marshall School of Business, University of Southern California)
“Economic Stimulus at the Expense of Routine-Task Jobs” (joint with Selale Tuzel) III slides
Discussant: Julien Sauvagnat (Bocconi University) III slides

Saturday, 22 June 2019

Session 4: Equity Issuance, Business Groups and Human Capital

Chair: Marco Pagano (University of Naples Federico II)

9:15-10:15 Rui Silva (London Business School)
“The Impact of Going Public on the Firm’s Human Capital” (joint with Ramin Baghai) III slides
Discussant: Joacim Tåg (Research Institute of Industrial Economics) III slides

10:15-10:40 Coffee break

10:40-11:40 E. Han Kim (Ross School of Business, University of Michigan)
“How Do Equity Offerings Affect Firms? Evidence on Technology, Employees and Performance” (joint with Heuijung Kim, Yuan Li, Yao Lu, and Xinzheng Shi) III slides
Discussant: Vincenzo Pezone (Johann Wolfgang Goethe-University) III slides

11:40-12:40 Mounu Prem (University of Rosario)
“The Internal Labor Markets of Business Groups” (joint with Cristobal Huneeus, Federico Huneeus, Borja Larrain and Mauricio Larrain) III slides
Discussant: Liu Yang (Robert H. Smith School of Business, University of Maryland) III slides

12:40-13:40 Lunch

Allocated time:

Author: 40 minutes
Discussant: 15 minutes
Floor discussion: 5 minutes

General information and conference logistics