Conference on corporate finance and the macroeconomy under COVID-19

Organized by the Stanford Graduate School of Business and Princeton’s Bendheim Center for Finance

August 14, 2020 This conference will take place virtually on Zoom Open to the public

The COVID crisis has highlighted the importance of understanding corporate financing issues in the large and small firm sector, and the role of monetary and fiscal policy in alleviating these issues and bettering macroeconomic outcomes.

On August 14, Stanford GSB and Princeton BCF will hold a one-day conference to discuss five papers on recent theoretical and empirical research on this topic. The conference will take place on Zoom.

Please register to receive information on how to join via Zoom.

We will be using the YoTribe platform during breakout sessions. See instructions below the agenda.

Conference Agenda: Corporate Finance and the Macroeconomy
Friday, August 14, 2020
Organized by Markus Brunnermeier and Arvind Krishnamurthy

11:00 a.m. – 11:55 p.m. EST
“Can the Cure Kill the Patient? Corporate Credit Interventions and Debt Overhang,”
Nicolas Crouzet and Fabrice Tourre
Discussant: Thomas Philippon

12:00 p.m. – 12:55 p.m. EST

Restructuring vs. Bankruptcy
Jason Donaldson, Ed Morrison, Giorgia Piacentino, and Xiaobo Yu

~ BREAK~
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1:30 p.m. – 2:10 p.m. EST

Did the Paycheck Protection Program Hit the Target?
Joao Granja, Christos Makridis, Constantine Yannelis, Eric Zwick
Interlocutor: Josh Rauh

2:10 p.m. – 2:50 p.m. EST

Does FinTech Substitute for Banks? Evidence from the Paycheck Protection Program
Isil Erel and Jack Liebersohn
Interlocutor: Claudia Robles-Garcia

~ BREAK~
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3:20 p.m. – 4:00 p.m. EST

Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets
Antonio Falato, Itay Goldstein, Ali Hortaçsu
Interlocutor: Valentin Haddad

4:00 p.m. – 4:40 p.m. EST

The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID
Viral Acharya and Sascha Steffen
Interlocutor: Victoria Ivashina

~ Conference Closing Gathering~
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Joining breakout sessions with YoTribe

To aid informal conversations and networking, we will be utilizing the YoTribe platform during these breaks between presentations. The link to access the YoTribe platform is in the email you received after registering for the event.

YoTribe Tips

  • If your camera is being used by the Zoom application, you may need to exit Zoom temporarily in order to enter YoTribe and use your camera there. Alternately, you could stay in Zoom but enter YoTribe on a second device.
  • YoTribe works best on a laptop or desktop monitor and there is no mobile app. If you’re using YoTribe on a smartphone or tablet, you must use a web browser (Safari, Firefox, etc.).
  • When using YoTribe on a smart phone or tablet, we’ve noticed that the program does not perform as well on Google Chrome.

Register Here