2019 Santiago Finance Workshop

University of Chile

Monday, December 9th

10:30     Registration and Coffee

10:50     Opening Words - Eduardo S. Schwartz, UCLA


Session 1: Corporate Finance

11:00     Labor Force Demographics and Corporate Innovation

                By Ambrus Kecskés, York University

                Discussant: Patricio Valenzuela (University of Chile)

11:45     Corporate Credit Provision

                By Philippe Mueller, Warwick Business School

                Discussant: Felipe Aldunate (Pontifical Catholic University of Chile)

12:30     Crowdsourcing Financial Information to Change Spending Behavior

                By Francesco D’Acunto, Boston College

                Discussant: Patricio Toro (Central Bank of Chile)

13:15     Lunch


Session 2: Assets and Risk

14:30     Hedging Risk Factors

                By Bernard Herskovic, UCLA

                Discussant: Juan Sotes-Paladino (Los Andes University)

15:15     Response of the Macroeconomy to Uncertainty Shocks: the Risk Premium Channel

                By Alex Hsu, Georgia Institute of Technology

                Discussant: Fernando Mendo (Central Bank of Chile)


Tuesday, December 10th

10:00   Coffee

Session 3: Banking and Bank Regulation (organized by the Central Bank of Chile)

10:30     Capital Flows, Real Estate, and Local Cycles: Evidence from German Banks, Firms, and Cities

                By Alessandro Rebucci, Johns Hopkins Carey Business School

                Discussant: Paula Margaretic (San Andrés University)

11:15     Deregulation, Market Structure, and the Demise of Old-School Banking

                By Stefan Lewellen, Pennsylvania State University

                Discussant: Phuong-Anh Nguyen (York University)

12:00     Coffee Break

12:15     Credit Spreads and Industry Cycles

                By Daniel Streitz, Copenhagen Business School

                Discussant: Juan Francisco Martinez (Central Bank of Chile)

13:15     Lunch


Session 4: Microestructure

14:30     Price Discreteness and Investment to Price Sensitivity

                By Mao Ye, University of Illinois 

                Discussant: Vincent Van Kervel (Pontifical Catholic University of Chile)

15:15     Crowded Analyst Coverage

                By Charles Martineau, University of Toronto 

                Discussant: Jorge Sabat (Diego Portales University)

Keynote Speaker Lecture

16:30    Itay Goldstein, Wharton Business School, University of Pennsylvania

18:00     Dinner (by invitation)