Details of the programme and photos from the Edinburgh Corporate Finance Conference 2016.

ECFC 2016 Group photo outdoors

Monday 23 May 2016

Session 1: Corporate Finance (13:30–15:30)

Session Chair: Mike Burkart, Stockholm School of Economics, Sweden

The Bright Side of Political Uncertainty: The Case of R&D

  • Julian Atanassov, University of Nebraska, USA (presenting)
  • Brandon Julio, University of Oregon, USA
  • Tiecheng Leng, Sun Yat-sen University, China

Discussant: Scott R. Baker, Northwestern University, USA

Flexible Prices and Leverage

  • Michael Weber, University of Chicago, USA (presenting)
  • Francesco D’Acunto, University of Maryland, USA
  • Ryan Liu, University of California, USA
  • Carolin Pflueger, University of British Columbia, USA

Discussant: Boris Nikolov, HEC Lausanne, Switzerland

Do Director Elections Matter?

  • Vyacheslav Fos, Boston College, USA
  • Kai Li, University of British Columbia, Canada (presenting)
  • Margarita Tsoutsoura, University of Chicago, USA

Discussant: Peter Limbach, Karlsruhe Institute of Technology, Germany

Session 2: Theory (16:00–18:00)

Session Chair: Boris Nikolov, HEC Lausanne, Switzerland

Do Underwriters Compete in IPO pricing?

  • Evgeny Lyandres, Boston University, USA and Interdisciplinary Centre, Israel (presenting)
  • Fangjian Fu, Singapore Management University, Singapore

Discussant: Tony Cookson, University of Colorado, USA

Corporate Control Activism

  • Doron Levit, University of Pennsylvania, USA (presenting)
  • Adrian Corum, University of Pennsylvania, USA

Discussant: Andrey Malenko, MIT, USA

The Effect of Activists' Short-termism on Corporate Governance

  • Gunter Strobl, Frankfurt School of Finance and Management, Germany (presenting)
  • Jing Zeng, Frankfurt School of Finance and Management, Germany

Discussant: Mike Burkart, Stockholm School of Economics, Sweden

Gala Dinner: The Scottish Cafe & Restaurant, Scottish National Gallery (19:15–late)


Tuesday 24 May 2016

Session 3: M&A (09:00–11:00)

Session Chair: Tim Adam, Humboldt University, Germany

Organisation Capital and Mergers and Acquisitions

  • Kai Li, University of British Columbia, Canada (presenting)
  • Buhui Qiu, University of Sydney, Australia
  • Rui Shen, Nanyang Technological University, Singapore

Discussant: Pradeep Yadav, University of Oklahoma, USA

Inefficiencies and Externalities from Opportunistic Acquirers

  • Di Li, Georgia State University, USA
  • Lucian Taylor, University of Pennsylvania, USA (presenting)
  • Wenyu Wang, Indiana University, USA

Discussant: Theodosios Dimopoulos, Swiss Finance Institute, Switzerland

Employment Protection and Takeovers

  • Olivier Dessaint, Rotman School of Management, Canada
  • Andrey Golubov, Rotman School of Management, Canada (presenting)
  • Paolo Volpin, Cass Business School, UK

Discussant: Julian Atanassov, University of Nebraska, USA

Keynote Speech: Capital Structure Misallocation (11:30–13:00)

Toni Whited, University of Michigan, USA

Session 4: Various Topics (14:00–16:00)

Session Chair: Pradeep Yadav, University of Oklahoma, USA

Lending Standards Over the Credit Cycle

  • Emanuele Tarantino, University of Mannheim and CEPR, Germany
  • Nicolas Serrrano Velarde, Bocconi University, Italy (presenting)
  • Giacomo Rodano, Bank of Italy, Italy

Discussant: Tim Adam, Humboldt University, Germany

Access to Collateral and the Democratisation of Credit: France's Reform of the Napoleonic Code

  • Kevin Aretz, Alliance Manchester Business School, UK (presenting)
  • Murillo Campello, Cornell University / NBER, USA
  • Maria-Teresa Marchica, Alliance Manchester Business School, UK

Discussant: Jun Kyung Auh, Georgetown University, USA

What is the Shareholder Wealth Impact of Target CEO Retention in Private Equity Deals

  • Leonce Bargeron, University of Kentucky USA
  • Frederik Schlingemann, University of Pittsburgh USA (presenting)
  • Chad Zutter, University of Pittsburgh USA
  • Rene Stulz, Ohio State University USA

Discussant: Moqi Xu, London School of Economics, UK

ECFC 2016 attendees outside NGS
ECFC 2016 attendees by Princes St Gardens
ECFC 2016 Group photo in Princes St Gardens
ECFC 2016 Seth Armitage and Jo Danbolt
ECFC 2017 attendees outside NGS
ECFC 2016 attendees outside NGS
ECFC 2017 attendees by Princes St Gardens
ECFC 2016 Group photo in Princes St Gardens
ECFC 2016 attendees in the Scottish Cafe
2016 attendees in the Scottish Cafe