Organized by LaRGE Research Center (University of Strasbourg), Bank of Finland Institute for Economies in Transition (BOFIT), and Gabelli School of Business, Fordham University (New York).

Programme

Monday, 17 August 2020

Opening remarks
TUOMAS VÄLIMÄKI (member of the Board of the Bank of Finland)

Session 1: Politics and Finance in China

Chair: Iikka Korhonen (Bank of Finland)

13:00–13:45 How do individual politicians affect privatization? Evidence from China
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Hong Ru (Nanyang Technological University),
Kunru Zou (Nanyang Technological University)
Discussant: Sili Zhou (Fudan University)

13:45–14:30 Growing up under Mao and Deng: On the ideological determinants of corporate policies
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Hao Liang (Singapore Management Unuversity),
Rong Wang (Singapore Management University),
Haikun Zhu (Erasmus University)
Discussant: Zuzana Fungáčová (Bank of Finland)

14:30–15:00 Coffee break

Session 2: Political access and campaigns
Chair: Zuzana Fungáčová (Bank of Finland)

15:00–15:45 Who pays a visit to Brussels? The firm value of cross-border political access to European Commissioners
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Kizkitza Burguri (BI Norwegian Business School),
Jörg Stahl (Catolica Lisbon School of Business & Economics)
Discussant: Swarnodeep Homroy (University of Groningen)

15:45–16:30 Debt in political campaigns
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Alexei Ovtchinnikov (HEC Paris),
Philip Valta (University of Bern)
Discussant: Thomas Lambert (Erasmus University)

16:30–17:00 Coffee break

Keynote Speech
17:00–18:00 Investing in Political Ties
RAYMOND FISMAN (Boston University and NBER)
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18:00–18:15 Coffee break

Session 3: Politics and Banking
Chair: Paul Wachtel (New York University)

18:15–19:00 The rise of a network: spillover of political patronage and cronyism to the private sector
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Terry Moon (University of British Columbia),
David Schoenherr (Princeton University)
Discussant: Eeva Kerola (Bank of Finland)

19:00–19:45 From finance to fascism
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Sebastian Doerr (University of Zurich),
Stefan Gissler (Federal Reserve Board),
José-Luis Peydro (Universitat Pompeu Fabra),
Hans-Joachim Voth (University of Zurich)
Discussant: Paul Wachtel (New York University)

 

Tuesday, 18 August 2020

Session 4: Financial regulation
Chair: Laura Solanko (Bank of Finland)

13:00–13:45 Financial policymaking after crises: Public vs. private interests
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Orkun Saka (University of Sussex),
Nauro Campos (UCL),
Paul De Grauwe (LSE),
Yuemei Ji (UCL)
Discussant: Karolin Kirschenmann (ZEW)

13:45–14:30 The making of financial regulation - Voting on the U.S. Congress
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Joao Rafael Cunha (University of St Andrews)
Discussant: Laurent Weill (LaRGE, University of Strasbourg)

14:30–15:00 Coffee break

Session 5: Politics and credit in emerging markets
Chair: Laurent Weill (LaRGE, University of Strasbourg)

15:00–15:45 The effect of conflict on lending: Evidence from Indian border areas
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Mrinal Mishra (University of Zurich),
Steven Ongena (University of Zurich)
Discussant: Diana Bonfim (Banco de Portugal)

15:45–16:30 Financial liberalization, rent seeking, and credit allocation: Firm-level evidence
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Shulong Kang (Dongbei University),
Jianfeng Dong (Dongbei University),
Haiyue Yu (Dongbei University),
Jin Cao (Norges Bank),
Valeriya Dinger (University of Osnabrück)
Discussant: Denis Davydov (University of Vaasa)

16:30–17:00 Coffee break

Keynote Speech
17:00–18:00 Politics and asset prices
ĽUBOŠ PÁSTOR (University of Chicago - Booth School of Business, CEPR, NBER)
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18:00–18:15 Coffee break

Session 6: Political ties
Chair: Iftekhar Hasan (Fordham University)

18:15–19:00 Partisan professionals: evidence from credit rating analysts
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Elisabeth Kempf (University of Chicago),
Margarita Tsoutsoura (Cornell University)
Discussant: Karsten Müller (Princeton University)

19:00–19:45 Political ties and raising capital in global markets: evidence from Yankee bonds
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Gene Ambrocio (Bank of Finland),
Xian Gu (University of Pennsylvania),
Iftekhar Hasan (Fordham University)
Discussant: Rima Turk-Ariss (IMF)

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