General information

2020 Napa/Sonoma Finance Conference

Friday, March 27, 2020

6:30 p.m.


Bottega, 6525 Washington Street,
Yountville CA 94599,
(707) 945-1050


Saturday, March 28, 2020

7:00 a.m. Breakfast on your own
(Ala carte breakfast is available at the Harvest Inn’s onsite restaurant, Harvest Table)
​8:00 a.m. Meet in the lobby to carpool to Cakebread Cellars
8:30 a.m.



Presenting authors appear in bold.

8:45 a.m. – 9:30 a.m.

Do Short-Term Incentives Affect Long-Term Productivity?

Heitor Almeida, University of Illinois at Urbana-Champaign
and NBER;

Nuri Ersahin, Michigan State University;
Vyacheslav Fos, Boston College, CEPR and ECGI;
Rustom M. Irani, University of Illinois at Urbana-Champaign and NBER; and
Mathias Kronlund, University of Illinois at Urbana-Champaign

9:30 a.m. – 10:15 a.m.

Miner Collusion and the BitCoin Protocol​

Alfred Lehar, University of Calgary and Christine A. Parlour, University of California Berkeley

10:15 a.m. – 10:45 a.m. Break
10:45 a.m. – 11:30 a.m.

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

Hui Chen, MIT;
Zhuo Chen, Tsinghua University; 
Zhiguo He, University of Chicago;
Jinyu Liu, University of International Business and Economics; and
Rengming Xie, CITIC Securities

11:30 a.m. – 12:15 p.m.

Winner’s Curse? Corporate Subsidies and Borrowing Costs of Local Governments

Sudheer Chava, Georgia Tech;
Baridhi Malakar, Georgia Tech; and 
Manpreet Singh, Georgia Tech

12:15 p.m. – 2:00 p.m.  Luncheon
2:00 p.m. – 2:45 p.m.

Competition and Incentives in Mortgage Markets: The Role of Brokers

Claudia Robles-Garcia, Stanford University

2:45 p.m. – 3:30 p.m.

Second Chance: Life without Student Debt

Marco Di Maggio, Harvard Business School and NBER;
Ankit Kalda, Indiana University; and
Vincent Yao, Georgia State University

3:30 p.m.

Wine Tasting


Harvest Table Patio (Harvest Inn)