Holden Conference

BRANCHING OUT INEQUALITY: THE IMPACT OF CREDIT EQUALITY POLICIES
Authors: Jacelly Cespedes (University of Minnesota); Erica Jiang (USC); Carlos Parra (Pontifical Catholic University of Chile); Jinyuan Zhang (UCLA)
Discussants: Empirical – Paolina Medina (University of Houston)
Theory – Derek Wenning (Indiana University)

THE MARKET FOR SHARING INTEREST RATE RISK: QUANTITIES AND ASSET PRICES
Authors: Jian Li (Columbia University); Umang Khetan (University of Iowa);
Ioana Neamtu (Bank of England); Ishita Sen (Harvard Business School)
Discussants: Empirical – Carter Davis (Indiana University)
Theory – Chaojun Wang (University of Pennsylvania)

INDIVIDUAL LANDLORDS IN THE MORTGAGE MARKET
Authors: Joao Cocco (London Business School); Lakshmi Naaraayanan (London Business School); Jagdish Tripathy (Bank of England)
Discussants: Empirical – Nitzan Tzur Ilan (Federal Reserve Board)
Theory – Boaz Abramson (Columbia University)

WHO CLEARS THE MARKET WHEN PASSIVE INVESTORS TRADE?
Authors: Marco Sammon (Harvard Business School); John Shim (University of Notre Dame)
Discussants: Empirical – Veronika Pool (Vanderbilt University)
Theory – Ehsan Azarmsa (University of Illinois, Chicago)

A NEW THEORY OF CREDIT LINES (WITH EVIDENCE)
Authors: Jason Donaldson (USC); Naz Koont (Columbia); Giorgia Piacentino (USC); Victoria Vanasco (CREi)
Discussants: Empirical – Heitor Almeida (University of Illinois, Urbana-Champaign)
Theory – Pavel Zryumov (University of Rochester)

CREDIT CARD BORROWING IN HETEROGENEOUS-AGENT MODELS: RECONCILING THEORY AND DATA
Authors: Sean Lee (Harvard University); Peter Maxted (UC Berkeley)
Discussants: Empirical – Sasha Indarte (University of Pennsylvania)
Theory – Alejandro Rivera (University of Texas, Dallas)

INFORMATION WAVES AND FIRM INVESTMENT
Authors: Feng Chi (Cornell University)
Discussants: Empirical – Xiaoyun Yu (SAIF, China)
Theory – Xuelin Li (Columbia University)

DYNAMIC GREEN DISCLOSURE REQUIREMENTS
Authors: Deeksha Gupta (Johns Hopkins Univ); Jan Starmans (Stockholm School of Economics)
Discussants: Empirical – Lin Peng (Baruch College, CUNY)
Theory – Jan Schneemeier (Michigan State University)

POLLUTION-SHIFTING VS. DOWNSCALING: HOW FINANCIAL DISTRESS AFFECTS THE GREEN TRANSITION
Authors: Yasser Boualam (University of North Carolina); Aymeric Bellon (University of North Carolina)
Discussants: Empirical – Sumudu Watugala (Indiana University)
Theory – Cecilia Bustamante (University of Maryland)

BETWEEN BOARDROOMS AND THE BELTWAY: THE CAREER PATHS OF SENIOR REGULATORS
Authors: Ran Duchin (Boston College); Jeffery Wang (Boston College)
Discussants: Empirical – Nishant Vats (Washington University St. Louis)
Theory – Eitan Goldman (Indiana University)

VOTING ON PUBLIC GOODS: CITIZENS VS. SHAREHOLDERS
Authors: Robin Döttling (Rotterdam School of Management); Doron Levit (University of Washington); Nadya Malenko (Boston College); Magdalena Rola-Janicka (Imperial College)
Discussants: Empirical – Pat Akey (INSEAD and University of Toronto)
Theory – Alessio Piccolo (Indiana University)

IN SEARCH OF THE MATCHING FUNCTION IN THE HOUSING MARKET
Authors: Cristian Badarinza (National University of Singapore);
Vimal Balasubramaniam (Queen Mary University London); Tarun Ramadorai (Imperial College)
Discussants: Empirical – Seohee Kim (Indiana University)
Theory – Jordan Martel (Indiana University)

MORTGAGE LOCK-IN, MOBILITY, AND LABOR REALLOCATION
Authors: Julia Fonseca (University of Illinois) and Lu Liu (University of Pennsylvania)
Discussants: Empirical – Kristoph Kleiner (Indiana University)
Theory – Brian Waters (University of Colorado)

DYNASTIC HOME EQUITY
Authors: Matteo Benetton (UC Berkeley), Marianna Kudlyak (Federal Reserve Bank of San Francisco), John Mondragon (Federal Reserve Bank of San Francisco)
Discussants: Empirical – Ankit Kalda (Indiana University)
Theory – Will Diamond (University of Pennsylvania)

REDUCING CARBON USING REGULATORY AND FINANCIAL MARKETS TOOLS
Authors: Franklin Allen (Imperial College), Adelina Barbalau (University of Alberta), Federica Zini (The World Bank)
Discussants: Empirical – Mathias Kruttli (Indiana University)
Theory – Alexandr Kopytov (University of Rochester)

EXTERNALITIES OF RESPONSIBLE INVESTMENTS
Authors: Michele Bisceglia (Toulouse School of Economics), Alessio Piccolo (Indiana University), Jan Schneemeier (Indiana University)
Discussants: Empirical – Christoph Schiller (Arizona State University)
Theory – Joanne Chen (Boston University)

CONSUMPTION SMOOTHING OR CONSUMPTION BINGING? THE EFFECTS OF GOVERNMENT-LED CONSUMER CREDIT EXPANSION IN BRAZIL
Keynote Speaker: Amir Sufi, Bruce Lindsay Distinguished Service Professor of Economics and Public Policy at the University of Chicago

INVESTING IN MISALLOCATION
Authors: Mete Kilic (University of Southern California), Selale Tuzel (University of Southern California)
Discussants: Empirical – Fotis Grigoris (University of Iowa)
Theory – Yuchen Chen (University of Illinois)

DISCOUNT RATES, LABOR MARKET DYNAMICS, AND INCOME RISK
Authors: Maarten Meeuwis (Washington University, St. Louis)
Discussants: Empirical – Wenyu Wang (Indiana University)
Theory – Christian Heyerdahl-Larsen (BI Norwegian Business School)

STRATEGIC BARGAINING AND PORTFOLIO CHOICE IN INTERMEDIATED MARKETS
Authors: Jessica Shi Li (University of Chicago)
Discussants: Empirical – Jaewon Choi (University of Illinois)
Theory – Semih Üslü (Johns Hopkins University)

INTERGENERATIONAL CONFLICT AND EDUCATION FINANCING: EVIDENCE FROM A DECADE OF BOND ELECTIONS
Authors: Livia Yi (Boston College)
Discussants: Empirical – J. Anthony Cookson (University of Colorado)
Theory – Jordan Martel (Indiana University)

POLITICAL SENTIMENT AND INNOVATION: EVIDENCE FROM PATENTERS
Authors: Joseph Engelberg (UC San Diego), Runjing Lu (University of Alberta), William Mullins (UC San Diego), Richard Townsend (UC San Diego)
Discussants: Empirical – Ana-Maria Tenekedjieva (Federal Reserve Board)
Theory – Adelina Barbalau (University of Alberta)

EMPLOYEE RESPONSES TO CEO ACTIVISM
Authors: Anya Mkrtchyan (University of Massachusetts), Jason Sandvik (University of Arizona), Da Xu (Tsinghua University)
Discussants: Empirical – Xiaoyun Yu (SAIF, China)
Theory – Jan Schneemeier (Indiana University)

PERCEPTION OF HOUSE PRICE RISK AND HOMEOWNERSHIP
Authors: Manuel Adelino (Duke University), Felipe Severino (Dartmouth College), Antoinette Schoar (MIT)
Discussants: Empirical – Stephanie Johnson (Rice University)
Theory – Spencer Yongwook Kwon (Harvard University)

WHAT PROBLEM DO INTERMEDIARIES SOLVE? EVIDENCE FROM REAL ESTATE MARKETS
Authors: Darren Aiello (Brigham Young University), Mark Garmaise (UCLA), Taylor Nadauld (Brigham Young University)
Discussants: Empirical – Marco Giacoletti (University of Southern California)
Theory – Alexei Tchistyi (Cornell University)

THE VALUE OF OFF-EXCHANGE DATA
Authors: Thomas Ernst, Jonathan Sokobin, and Chester Spatt
Discussant: Ingrid Werner

PRICE CEILING, MARKET STRUCTURE, AND PAYOUT POLICIES
Authors: Mao Ye, Miles Zheng, and Xiongshi Li
Discussant: Ruslan Goyenko

DO BREACHES OF TRUST BY BROKER OPERATORS OF DARK POOLS IMPACT INSTITUTIONAL ORDER ROUTING?
Authors: Robert Battalio, Shane Corwin, Robert Jennings, Emanuele Rizzo, and Rafael Zambrana
Discussant: Shawn O’Donoghue

NARRATIVE ASSET PRICING: INTERPRETABLE SYSTEMATIC RISK FACTORS FROM NEWS TEXT
Authors: Leland Bybee, Bryan Kelley, and Yinan Su
Discussant: Ryan Israelsen

WHAT MOVES EQUITY MARKETS? A TERM STRUCTURE DECOMPOSITION FOR STOCK RETURNS
Authors: Andrei Gonzalves
Discussant: Ben Golez

EVALUATING THE ANOMALY ZOOKEEPERS
Authors: Fahiz Baba-Yara, Brian Boyer, and Carter Davis
Discussant: Robert Dittmar

THE VOTING PREMIUM
Authors: Doron Levit, Nadya Malenko, and Ernst Maug
Discussant: Alessio Piccolo

CRISIS INTERVENTIONS IN CORPORATE INSOLVENCY
Authors: Samuel Antill and Christopher Clayton
Discussant: Jason Donaldson

THE HETEROGENEOUS EFFECTS OF DEFAULT ON INVESTMENT: AN APPLICATION OF CAUSAL FOREST IN CORPORATE FINANCE
Authors: Huseyin Gulen, Candace Jens, and T. Beau Page
Discussant: Tony Cookson

TRADE POLICY, MARKET STRUCTURE, AND CONSUMER CREDIT: EVIDENCE FROM THE 2018 STEEL TARIFFS
Authors: Kristine W. Hankins, Morteza Momeni, and David Sovich
Discussant: Brittany Almquist Lewis

FOREIGN INFLUENCE IN US POLITICS
Authors: Marco Grotteria, Max Miller, and S. Lakshmi Naaraayanan
Discussant: Eitan Goldman

COLLATERAL VALUE UNCERTAINTY, MORTGAGE CREDIT, AND THE HOMEOWNERSHIP GAP
Authors: Erica Xuewei Jiang and Anthony Lee Zhang
Discussant: Vijay Yeramilli

ENTREPRENEURSHIP AND THE PLATFORM ECONOMY: EVIDENCE FROM US TAX RETURNS
Authors: Matthew Denes, Spyridon Lagaras, and Margarita Tsoutsoura
Discussant: Emilie Jackson

TRANSMISSION OF INFORMATION FROM PRIVATE TO PUBLIC MARKETS
Authors: Shrijata Chattopadhyay, John J. McConnell, Timothy E. Trombley, and M. Deniz Yavuz
Discussant: Veronika Pool

BANK DIVERSIFICATION AND LENDING RESILIENCY
Authors: Michael Gelman, Itay Goldstein, and Andrew MacKinlay
Discussant: Kristoph Kleiner