2012 Agenda

Third Entrepreneurial Finance and Innovation Conference

Conference Program
The Inn at Harvard and Harvard Faculty Club
1201 Massachusetts Avenue, Cambridge, MA 02138 Phone: 617-491-2222

June 9th

6:30 pm   Cocktail Reception at Harvard Inn

June 10th—Day 1 at Harvard Inn

7:30 am   Breakfast
Session 1   Chair: Thomas Chemmanur, Boston College
9:00 – 9:50 am Does Going Public Affect Innovation? By Shai Bernstein, Harvard University.
Discussant: Laura Field, Pennsylvania State University
9:50 – 10:40 am Propagation of Financial Shocks: The Case of Venture Capital, by Richard Townsend, Dartmouth College.
Discussant: Sudheer Chava, Georgia Tech.
10:40 – 11:00 am   Coffee Break
Session 2   Chair: Hassan Tehranian, Boston College
11:00 – 11:50 am Growth Through Heterogeneous Innovations by Ufuk Akcigit, University of Pennsylvania and William Kerr, Harvard University.
Discussant: Jan Bena, University of British Columbia
11:50 am – 12:40 pm Strategic Cash Holdings and R&D Competition: Theory and Evidence, by Evgeny Lyandres, Boston University and Dino Palazzo, Boston University.
Discussant:  Vikram Nanda, Georgia Tech.
12:40 – 2:00 pm  
Lunch
Session 3   Chair: Vikram Nanda, Georgia Tech.
2:00 – 2:50 pm Bridging the Gap? Government Subsidized Lending and Access to Capital, by Kristle Cortes, Boston College and Josh Lerner, Harvard University.
Discussant: Daniel Bergstresser, Brandeis University
2:50 – 3:40 pm House prices, household leverage, and entrepreneurship by Alexander Popov, European Central Bank and Stefano Corradin, European Central Bank
Discussant: Deborah Lucas, MIT
3:40 – 3:50 pm   Coffee Break
Session 4   Chair: Debarshi Nandy, Brandeis University
3:50 – 4:40 pm How Do Start-Up Firms Finance Their Assets? Evidence from the Kauffman Firm Surveys, by Rebel Cole, DePaul University and Tatyana Sokolyk, Brock University.
Discussant: Leora Klapper, World Bank
4:40 – 5:30 pm Do Entrepreneurs Make Good VCs? By Ye Cai, Santa Clara University, Merih Sevilir, Indiana University, and Xuan Tian, Indiana University.
Discussant: Joan Farre-Mensa, Harvard University
5:30 – 6:00 pm  
Break and Reception
6:00 pm  
Dinner followed by Keynote Speech

Professor Franklin Allen, University of Pennsylvania

June 11th—Day 2 at Harvard Faculty Club

7:00 am   Breakfast
Session 5   Chair: Paolo Fulghieri, University of North Carolina
8:30 – 9:20 am Subsidiary Entities and the Innovator's Dilemma, by Kenneth Ayotte, Northwestern University.
Discussant: Matthew Rhodes-Kropf, Harvard University
9:20 – 10:10 am Entrepreneurship, Mines, and Urban Growth, by Ed Glaeser , Harvard University, Sari Kerr, Wellesley College, and William Kerr, Harvard University.
Discussant: Adam Storeygard, Brown University
10:10 – 10:30 am   Coffee Break
Session 6   Chair: Adam Jaffe, Brandeis University
10:30 – 11:20 am The Dark Side of Analyst Coverage: The Case of Innovation, by Jie He, University of Georgia and Xuan Tian, Indiana University.
Discussant: David Hsu, University of Pennsylvania
11:20 am – 12:10 pm Credit Supply and Corporate Innovations by Mario Daniele Amore, Copenhagen Business School, Cedric Schneider, Copenhagen Business School, and Alminas Zaldokas, INSEAD.
Discussant: Bo Becker, Harvard University
12:10 – 1:30 pm  
Lunch
Session 7   Chair: William Kerr, Harvard University
1:30 – 2:20 pm Does Security Choice Matter in Venture Capital? The Case of Venture Debt by Indraneel Chakraborty, Southern Methodist University and Michael Ewens, Carnegie Mellon University.
Discussant: Nadya Malenko, Boston College
2:20 – 3:10 pm Speed of Entrepreneurial Learning and Firm Growth, by Indu Khurana, Florida International University.
Discussant: Sheryl Winston Smith, Temple University
3:10   Adjourn

The Entreprenurial Finance and Innovation Conference is supported by
The Ewing Marion Kauffman Foundation and the Society for Financial Studies

Conference Organizers
Thomas Chemmanur, Paolo Fulghieri, and Debarshi Nandy