XIII Luso-Brazilian Finance Meeting – Olhão, Algarve

June 7-9, 2019

Organizers: João Amaro de Matos, José Miguel Gaspar, Igor Cunha and Bruno Giovannetti

Friday Evening

5:30-6:15 pm: Mergers and Acquisitions with Private Equity Intermediation

Authors: Armando Gomes (Washington University in St. Louis), Swaminathan Balasubramaniamy (Washington University in St. Louis), SangMok Lee (Washington University in St. Louis)

Discussant: José Miguel Gaspar (ESSEC Business School)

6:15-7:00 pm: Demand Elasticities, Nominal Rigidities and Asset Prices

Authors: Nuno Clara (London Business School)

Discussant: Dejanir Silva (University of Illinois at Urbana-Champaign)

Break

Short Communications

7:15-7:30 pm: Asset prices with biased traders (Fernando Chague, FGV-EESP)

7:30-7:45 pm: Does Paycheck Frequency Matter for Households’ Decisions? Evidence from Financial Account Data (Filipe Correia, University of Illinois at Urbana-Champaign)

7:45-8:00 pm: Labor Market Effects of a Credit Crunch (Marco Bonomo, Insper)

8:00-8:15 pm:Price discovery and market microstructure noise (Marcelo Fernandes, FGV-EESP)

8:15-8:30 pm: I remember what you did last summer: Spillover effects of security class action filings on firms with a history of corporate misconduct (José Faias, Católica Lisbon School of Business & Economics)

Saturday Morning

9:00-9:45 am: How Global is Your Mutual Fund? International Diversification from Multinationals

Authors: Irem Demirci (Nova SBE), Miguel A. Ferreira (Nova SBE), Pedro Matos (University of Virginia at Darden), Clemens Sialm (University of Texas at Austin and NBER)

Discussant: Pedro Saffi (University of Cambridge)

9:45-10:30 am: Hedge Fund Activism and Big Bears: The Role of Large Short Positions Disclosures

Authors: Tao Li (Florida), Pedro Saffi (University of Cambridge), Daheng Yang (Columbia)

Discussant: Melissa Prado (Nova SBE)    

Break

11:00-11:45 am: Financial Access Under the Microscope

Authors: Sumit Agarwal (National University of Singapore), Thomas Kigabo (National Bank of Rwanda), Camelia Minoiu (Federal Reserve Board), Andrea Presbitero (International Monetary Fund and MoFiR), André Silva (Federal Reserve Board)

Discussant: Fernando Chague (FGV - EESP)

11:45-12:30 am: Hedging Risk Factors

Authors: Bernard Herskovic (UCLA), Alan Moreira (Rochester), Tyler Muir (UCLA)

Discussant: Ricardo Barahona (Tilburg University)

Saturday Afternoon

5:30-6:15 pm: Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery

Authors: Vicente J. Bermejo (ESADE), Miguel A. Ferreira (Nova SBE), Daniel Wolfenzon (Columbia University and NBER), Rafael Zambrana (Nova SBE)

Discussant: Filipe Silva (Trulaske College of Business, University of Missouri)

6:15-7:00 pm: How Collateral Affects Borrowing: Evidence from U.S. Micro-Level Data

Authors: Murillo Campello (Cornell University & NBER), Robert Connolly (UNC-Chapel Hill), Gaurav Kankanhalli (Cornell University), Eva Steiner (Cornell University)

Discussant: Rafael Zambrana (Nova SBE)

Break

Short Communications

7:15-7:30 pm: Corporate Capture of Blockchain Governance (Daniel Ferreira, LSE)

7:30-7:45 pm: Inspect what you expect to get respect: Can bank supervisors kill zombie lending? (Diana Bonfim, Banco de Portugal)

7:45-8:00 pm: Risk externality (Felipe Iachan, FGV-EPGE)

8:00-8:15 pm:Can unpredictable risk exposure be priced? (Ricardo Barahona, Tilburg University)

8:15-8:30 pm: The Effects of an Exogenous Reduction in the Opaqueness of an Equity Lending Market (Bruno Giovannetti, FGV - EESP)

Sunday Morning

9:00-9:45 am: The Effect of Fiscal Policy on Banks’ Financial Reporting

Authors: Felipe Silva (Trulaske College of Business, University of Missouri)

Discussant: André Silva (Federal Reserve Board)

9:45-10:30 am: Banks’ Liquidity Management and Financial Fragility

Authors: Luca G. Deidda (University of Sassari and CRENoS), Ettore Panetti (Banco de Portugal)

Discussant: Armando Gomes (Washington University in St. Louis)

Break

11:00-11:45 am: Heterogeneity, Trading Frictions, and Asset Prices

Authors: Wei Cui (University College London), Juan Passadore (Einaudi Institute for Economics and Finance), Dejanir Silva (University of Illinois at Urbana-Champaign)

Discussant: Nuno Clara (London Business School)

11:45-12:30 pm: Capital Commitment and Investment Decisions: The Role of Mutual Fund Charges

Authors: Juan-Pedro Gomez (IE Business School), Melissa Prado (Nova SBE), Rafael Zambrana (Nova SBE)

Discussant: Bruno Giovannetti (FGV-EESP)