Schedule

Sept 15
J. Tirole The Theory of Corporate Finance, Chapter 1, "Corporate Governance" and Chapter 2, "Corporate Financing: Some Stylized Facts"
Presenters: Alberto Bisin and Guido Ruta
Slides

Sept 22
J. Tirole The Theory of Corporate Finance, Chapter 4, "Some Determinants of Borrowing Capacity"
Presenters: Daniel Barczyk and Douglas Gale
Slides

Sept 29
B. Holmstrom and J. Tirole "LAPM: A Liquidity Based Asset-Pricing Model"
Presenters: Sadi Ozelge and Eren Tufekci
Slides

Oct 13
G. Gorton and P. He "Agency-Based Asset Pricing"
G. Gorton, J. Dow and A. Krishnamurthy "Equilibrium Investment and Asset Prices under Imperfect Corporate Control,"
Presenters: Gianluca Clementi and Jonathan Halket
Slides

Oct 20
E. Carceles-Poveda "Capital Ownership under Incomplete Markets: Does it Matter?"
E. Carceles-Poveda and D. Coen-Pirani "Shareholders Unanimity with Incomplete Markets"
E. Carceles-Poveda "On the Irrelevance of Financial Policy under Market Incompleteness and Trading Constraints"
Presenters: Alberto Bisin and Guido Ruta

Oct 27
Gomes, Yaron, and Zhang "Asset Pricing Implications of Firms' Financing Constraints"
Presenters: Dino Palazzo
Slides

Nov 3
R. Albuquerque and N. Wang "Agency Conflicts, Investment and Asset Pricing"
Presenters: Gianluca Clementi

Slides

Nov 10
Vikrant Vig "Access to Collateral and Corporate Debt Structure"
Presenter: Vikrant Vig

Nov 17
Carlson, Fisher and Giammarino "Corporate Investment and Asset Price Dynamics: Implications for the Cross Section of Returns," and "Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Term Returns"
Presenter: David Backus

Dec 1
Sadi Ozelge "Role of banks and private lenders on governance of borrowing firms" 
Presenter Sadi Ozelge

Dec 8
TBA
Presenter: Eren Tufekci