1st CSEF Conference on Finance and Labor
Villa Orlandi Conference Center, Anacapri
University of Naples Federico II
26-27 August 2013

Programme | Organising Committee & Secretariat

Day 1: Monday, 26 August
08.40-09.00 Welcome and registration
Morning session: Credit, employment and inequality
09.00 Samuel Bentolila (CEMFI), “When Credit Dries Up: Job Losses in the Great Recession”
(with M. Jansen, G. Jiménez and S. Ruano)
Discussant: Tullio Jappelli (University of Naples Federico II and CSEF)
09.50 David Thesmar (HEC School of Management), “Employment and Credit Constraints”
(with T. Chaney and D. Sraer)
Discussant: Christian Julliard (London School of Economics)
10.40-11.10 coffee break
11.10 Anton Korinek (University of Maryland), “The Redistributive Effects of Financial Deregulation”
(with J. Kreamer)
Discussant: Marco Pagano (University of Naples Federico II, CSEF and EIEF)
12.00 Vincenzo Quadrini (University of Southern California), “Credit and Hiring”
(with Q. Sun)
Discussant: Marco Sorge (University of Naples Federico II and CSEF)
13.00-14.00 lunch
Afternoon session: Finance and labor reallocation
14.00 Dmytro Hryshko (University of Alberta), “Moving to a Job: The Role of Home Equity, Debt, and Access to Credit” (with Y. Demyanyky, M. J. Luengo-Prado and B. E. Sörensen)
Discussant: Tommaso Oliviero (European University Institute, University of Naples Federico II and CSEF)
14.50 Ashwini Agrawal (New York University), “Technological Investment and Labor Outcomes: Evidence from Private Equity”
(with P. Tambe)
Discussant: Martin Schmalz (Michigan University)
15.40-16.10 coffee break
16.10 Olga Kuzmina (New Economic School), “Capital Structure and Employment Flexibility”
Discussant: Effi Benmelech (Northwestern University)
17.00 Paige Ouimet (University of North Carolina), “Acquiring Labor” (with R. Zarutskie)
Discussant: Ernst Maug (Mannheim University)
Day 2: Tuesday, 27 August
Morning session: Risk sharing within firms
09.00 Fabiano Schivardi (LUISS and EIEF), “Employment and Wage Insurance within Firms: Worlkdwide Evidence”
(with A. Ellul and M. Pagano)
Discussant: Vikrant Vig (London Business School)
09.50 Christoph Schneider (University of Mannheim), “Labor Representation in Governance as an Insurance Mechanism”
(with E. H. Kim and E. Maug)
Discussant: Alex Stomper (Berlin Humboldt University)
10.40-11.10 coffee break
11.10 David Matsa (Northwestern University), “Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms”
(with J. Brown)
Discussant: Andrew Ellul (Indiana University and CSEF)
12.00 Nicolas Serrano-Velarde (Bocconi University), “CEO Identity and Labor Contracts: Theory and Evidence from CEO Transitions”
(with L. Bach)
Discussant: Egor Matveyev (University of Alberta)
13.00-14.00 lunch
Afternoon session: Risk taking, innovation and employees
14.00 Julian Atanassov (University of Oregon), “Corporate Governance, Non-Financial Stakeholders and Innovation: Evidence From a Natural Experiment”
Discussant: Marco Becht (Université Libre de Bruxelles and ECGI)
14.50 Xuan Tian (Indiana University), “Providing Protection or Encouraging Holdup? The Effects of Labor Unions on Innovation”
(with D. Bradley and I. Kim)
Discussant: Vicente Cunat (London School of Economics)
15.40-16.10 coffee break
16.10 Sudipto Dasgupta (Hong Kong University of Science and Technology), “Employee Inside Debt and Firm Risk-Taking: Evidence from Employee Deposit Programs in Japan”
(with Y. Lin, T. Yamada and Z. Zhang)
Discussant: Nandini Gupta (Indiana University)
17.00 Malcolm Wardlaw (University of Texas-Dallas), “The Effect of Financial Leverage on Workplace Safety”
(with J. Cohn)
Discussant: Giovanni Pica (University of Salerno and CSEF)

FUNDING: 2011 ERC Advanced Grant no. 295709 (FINLAB) awarded to Marco Pagano.