Preliminary Program AFA 2021 ANNUAL MEETING EIGHTY‐FIRST ANNUAL MEETING AMERICAN FINANCE ASSOCIATION

• DOI: http://doi.org/10.1111/jofi.12983
• Published date: 01 December 2020
• Date: 01 December 2020

January 3–5, 2021 AMERICAN FINANCE ASSOCIATION Preliminary Program

Preliminary Program

AFA 2021 ANNUAL MEETING

EIGHTY-FIRST ANNUAL MEETING

AMERICAN FINANCE ASSOCIATION

January 3, 2021 – 10:00 AM

AFA SPECIAL SESSION - Finance and COVID-19: Corporate Finance

and Banking

Session Chair: Yueran Ma, University of Chicago

Pandemics, Vaccines and Corporate Earnings

Harrison Hong; Columbia University

Jeffrey Kubik; Syracuse University

Neng Wang; Columbia University

Xiao Xu; Columbia University

Jinqiang Yang; Shanghai University of Finance and Economics

Corporate Flexibility in a Time of Crisis

John Barry; Duke University

Murillo Campello; Cornell University and NBER

John Graham; Duke University

Yueran Ma; University of Chicago

Public Guarantees for Small Businesses in Italy during Covid-19

Fabrizio Core; The London School of Economics and Political Sciences

Filippo De Marco; Bocconi University

Bank Liquidity Provision Across the Firm Size Distribution

Gabriel Chodorow-Reich; Harvard University

Olivier Darmouni; Columbia University

Stephan Luck; Federal Reserve of New York

Matthew Plosser; Federal Reserve Bank of New York

How Did Depositors Respond to COVID-19?

Ross Levine; University of California, Berkeley

Chen Lin; University of Hong Kong

Mingzhu Tai; The University of Hong Kong

Wensi Xie; The Chinese University of Hong Kong

January 3, 2021 – 10:00 AM

Asset Pricing: Frictions and Market Power

Session Chair: Benjamin Hebert, Stanford University

January 3–5, 2021 AMERICAN FINANCE ASSOCIATION Preliminary Program

Risk-Sharing, Investment, and Asset Prices According to Cournot and

Arrow-Debreu

Daniel Neuhann; University of Texas at Austin

Michael Sockin; University of Texas at Austin

Discussant: Ana Babus, Washington University in St. Louis

Resolving Asset-Pricing Puzzles using Price-Impact

Xiao Chen; Rutgers University

Jin Hyuk Choi; Ulsan National Institute of Science and Technology

Kasper Larsen; Rutgers University

Duane Seppi; Carnegie Mellon University

Discussant: Nicolae Garleanu, UC Berkeley

Arbitrage with Financial Constraints and Market Power

Vincent Fardeau; Higher School of Economics

Discussant: Jonathan Wallen, Stanford University

Price Destabilizing Speculation: The Role of Strategic Limit Orders

Suman Banerjee; Stevens Institute of Technology

Ravi Jagannathan; Northwestern University

Kai Wang; Stevens Institute of Technology

Discussant: Yajun Wang, City University of New York-Baruch Colle

January 3, 2021 – 10:00 AM

Corporate Finance: Policy and Regulatory Issues

Session Chair: Mara Faccio, Purdue University

Are Judges Like Umpires? Political Affiliation and Corporate Prosecutions

Todd Gormley; Washington University in St. Louis

Mahsa S. Kaviani; Temple University

Hosein Maleki; Temple University

Discussant: Qiping Xu, University of Illinois Urbana Champaign

The Real Effects of Politicians’ Compensation

Igor Cunha; University of Kentucky

Paulo Manoel; University of Kentucky

Discussant: Jacopo Ponticelli, Northwestern University

The Political Economy of Anti-Bribery Enforcement

Lauren Cohen; Harvard University

Bo Li; Tsinghua University

Discussant: David Parsley, Vanderbilt University

January 3–5, 2021 AMERICAN FINANCE ASSOCIATION Preliminary Program

January 3, 2021 – 10:00 AM

Corporate Finance: Risk Management

Session Chair: Jarrad Harford, University of Washington

Corporate Responses to Stock Price Fragility

Richard Friberg; Stockholm School of Economics

Itay Goldstein; University of Pennsylvania

Kristine Hankins; University of Kentucky

Discussant: Ming Dong, York University

Corporate Climate Risk: Measurements and Responses

Qing Li; University of Florida

Hongyu Shan; Fordham University

Yuehua Tang; University of Florida

Vincent Yao; Georgia State University

Discussant: Tim Loughran, University of Notre Dame

New Evidence on the Determinants of Corporate Hedging

Guojun Chen; Nanyang Technological University

Zhongjin Lu; University Of Georgia

Siddharth Vij; University of Georgia

Discussant: David Haushalter, Penn State University

January 3, 2021 – 10:00 AM

Debt Structure

Session Chair: Mark Leary, Washington University in St. Louis

The Dynamics of Corporate Debt Structure

Michael Halling; Stockholm School of Economics

Jin Yu; Monash University

Josef Zechner; Vienna University of Economics and Business

Discussant: Kai Li, University of British Columbia

Secured Credit Spreads

Efraim Benmelech; Northwestern University

Nitish Kumar; University of Florida

Raghuram Rajan; University of Chicago

Discussant: Michael Schwert, Wharton

Options Trading and Corporate Debt Structure

Jie Cao; Chinese University of Hong Kong

Michael Hertzel; Arizona State University

Jie Xu; Chinese University of Hong Kong

Xintong Zhan; Chinese University of Hong Kong

Discussant: Vassil Mihov, Texas Christian University