Organized by LaRGE Research Center (University of Strasbourg), Bank of Finland Institute for Economies in Transition (BOFIT), and Fordham University (New York)
Program
Monday 4th June
Registration and Coffee (8.30–9.00)
Session 1 : (9.00–10.30) Finance and politics in the US
Chair: Laurent Weill (LaRGE, EM Strasbourg Business School)
African-American mayors, home ownership and mortage lending
Thomas Krause (IWH Halle)
Discussant: Pierre-Guillaume Méon (Université Libre de Bruxelles)
It’s all relative: what relatives of politicians can tell us about the effects of political connections of firms
Timothy E. Trombley (San Diego State University)
Discussant: Bing Xu (Banco de Espana)
Coffee Break (10.30–11.00)
Keynote speech : (11.00–12.00): Serdar Dinc (Rutgers University) “The Politics of Banking”
Lunch (12.00–13.00)
Session 2 : (13.00–14.30) Banks and politics in Germany
Chair: Iftekhar Hasan (Fordham University and Bank of Finland)
Politics, banks, and sub-sovereign debt: unholy trinity or divine coincidence?
Michael Koetter (IWH Halle) and Alexander Popov (European Central Bank)
Discussant: Eeva Kerola (Bank of Finland)
Profitability sclerosis and political exit barriers in banking
Benedict Fritz (Deutsche Bundesbank), Michael Koetter (IWH Halle), Carolina Müller (IWH Halle) and Felix Noth (IWH Halle)
Discussant: Laurent Weill (LaRGE, EM Strasbourg Business School, University of Strasbourg)
Coffee Break (14.30–15.00)
Session 3 : (15.00–16.30) Emerging economies
Chair: Iikka Korhonen (Bank of Finland)
Anticorruption and bank lending
Cheng Sun (Peking University) and Jiangmin Xu (Peking University)
Discussant: Zuzana Fungacova (Bank of Finland)
Political lending cycles and real outcomes: evidence from Turkey
Cagatay Bircan (EBRD) and Orkun Saka (LSE)
Discussant: Laura Solanko (Bank of Finland)
Tuesday 5th June
Registration and Coffee (8.30–9.00)
Session 4 : (9.00–10.30) Political uncertainty
Chair: Laura Solanko (Bank of Finland)
Political uncertainty and beyond: the relationship of economic policy positions and firms’ cost of equity capital
Robert A. Heigermoser (Yale University and TU Munich) and Marcel Maier (TU Munich)
Discussant: Abel François (Université de Lille)
Political uncertainty and analyst behavior
Vishal Baloria (Boston College) and Kaleab Mamo (Wilfried Laurier University)
Discussant: Robert A. Heigermoser (Yale University and TU Munich)
Coffee Break (10.30–11.00)
Session 5: (11.00–12.30) Regional politics
Chair: Felix Noth (IWH Halle)
Moral suasion in regional government bond markets
Jana Ohls (Deutsche Bundesbank)
Discussant: Jin Cao (Norges Bank)
Politics and corporate investments
Peter H. Severin (University of Mannheim)
Discussant: Liping Lu (VU University Amsterdam)
Lunch (12.30–13.30)
Session 6: (13.30–15.00) Lobbying
Chair: Zuzana Fungacova (Bank of Finland)
Antitrust merger review and acquirer lobbying
Jana P. Fidrmuc (Warwick Business School), Peter Roosenboom (Erasmus University) and Eden Quxian Zhang (Monash University)
Discussant: Koen Schoors (Ghent University)
Winning connections? Special interests and the sale of failed banks
Deniz Igan (IMF), Thomas Lambert (Erasmus University), Wolf Wagner (Erasmus University) and Eden Quxian Zhang (Monash University)
Discussant: Alexandra Zins (LaRGE, EM Strasbourg Business School)