The Second FARFE conference  (see Founding Conference Information)

MIT's Endicott House, 80 Haven Street, Dedham, MA 02026
(List of Participants) (Conference Photos)

October 9 & 10, 2009

October 9, 2009

6:30-7:30 Reception and Appetizers

8:00 Dinner

October 10, 2009

7:30 - 8:30 Breakfast

8:30 - 9:30 Session 1: Dynamic Capital Structure I
Chair: Michael Brennan

Comments on the Literature
CDS Rate Predictions of a Structural Model Before and During the Crisis
  Hayne Leland, University of California at Berkeley

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk
  Harjoat S. Bhamra, University of British Columbia
  Lars-Alexander Kuehn, Carnegie Mellon University
  Ilya A. Strebulaev, Stanford University
Discussant: Gustavo Manso, Massachusetts Institute of Technology

9:30 - 9:50 Coffee Break

9:50 - 11:00 Session 2: Dynamic Capital Structure II
Chair: Michael Fishman

Optimal Priority Structure, Capital Structure, and Investment
  Dirk Hackbarth, Univerity of Illinois at Urbana-Champaign
  David Mauer, University of Texas at Dallas
Discussant: Josef Zechner, Vienna University of Economics and Business Administration

Manager Characteristics and Capital Structure: Theory and Evidence
  Sanjai Bhagat, University of Colorado at Boulder
  Brian Bolton, University of New Hampshire
  Ajay Subramanian, Georgia State University
Discussant: Erwan Morellec, Ecole Polytechnique Federale de Lausanne

11:00 - 11:20 Coffee Break

11:20 - 12:30 Session 3: Frontiers in Corporate Finance
Chair: Bengt Holmstrom

Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management
  Patrik Bolton, Columbia University
  Hui Chen, Massachusetts Institute of Technology
  Neng Wang, Columbia University
Discussant: Peter DeMarzo, Stanford University

Repeated Signaling and Firm Dynamics
  Christopher Hennessy, University of California at Berkeley
  Dmitry Livdan, University of California at Berkeley
  Bruno Miranda, Countrywide Bank
Discussant: Bilge Yilmaz, University of Pennsylvania

12:30 - 2:30 Lunch Break

2:30 - 4:30 Panel Discussion (with audience participation) on the Financial Crisis and the Way Forward

Moderator: Anat Admati, Stanford University

  Tobias Adrian, NY Fed
  Douglas W. Diamond, University of Chicago
  Anthony M. Santomero, University of Pennsylvania and Senior Advisor at McKinsey
  Steve A. Ross, Massachusetts Institute of Technology
  Chester Spatt, Carnegie Mellon University
  Jeremy Stein, Harvard University

5:00 FARFE annual members meeting

5:30 - 7:00 Reception and Appetizers

7:00 Dinner