Coronavirus Updates

October 3-4, 2019
Chicago, IL

About the Conference

In the last twenty years, political considerations have become important in financial economics. From political connections in firms to the effects of political uncertainty on investments and from the design of the rules that make financial markets viable to the politically-motivated changes in bankruptcy law, politics is playing a greater role in finance research. Yet this is the only conference dedicated to this topic. For this reason, the Stigler Center at the University of Chicago Booth School of Business is launching the third conference on the Political Economy of Finance.

The conference will be by invitation only

The conference venue is the Gleacher Center, located in Chicago at 450 Cityfront Plaza Dr.


Thursday, October 3

1:30 p.m. - 2:30 p.m. Partisan Professionals: Evidence from Credit Rating Analysts (with Margarita Tsoutsoura)
Elisabeth Kempf, University of Chicago Booth School of Business | View Slides
Discussant: Laura Starks, University of Texas at Austin McCombs School of Business
2:30 p.m. - 3:30 p.m. The Perils of Crying ‘Fake News’ (with Mancy Luo and Massimo Massa)
Alberto Manconi, Bocconi University
Discussant: Asaf Manela, Washington University in St. Louis | View Slides
3:30 p.m. - 4:00 p.m. Break
4:00 p.m. - 5:00 p.m. Corruption, Intimidation, and Whistleblowing: An Empirical Approach
Arieda Muço, Central European University | View Slides
Discussant: Rafael Di Tella, Harvard Business School
5:00 p.m. - 6:00 p.m. Terrorism Financing, Recruitment and Attacks: Evidence from a Natural Experiment
Nicola Limodio, Bocconi University | View Slides
Discussant: Graeme Wood, The Atlantic
6:00 p.m. Cocktail Reception 
6:30 p.m. Keynote Address
Anat Admati,Stanford University

Thursday, October 3

8:00 a.m. - 8:30 a.m. Breakfast
8:30 a.m. - 9:30 a.m. Going Bankrupt in China (with Jacopo Ponticelli)
Bo Li, Tsinghua University PCB School of Finance
Discussant: Vikrant Vig, London Business School
9:30 a.m. - 10:30 a.m. Financing Legislators (with Renée Adams)
Thomas Mosk, Goethe University | View Slides
Discussant: Deniz Igan, International Monetary Fund | View Slides
10:30 a.m. - 11:00 a.m. Break
11:00 a.m. - 12:00 p.m. The Revolving Door and Regulatory Enforcement -- Firm-level evidence from IRS audits and tax rates
Benjamin C.K. Egerod, University of Copenhagen | View Slides
Discussant: Mara Faccio, Purdue University  | View Slides
12:00 p.m. - 1:00 p.m. Lunch
1:00 p.m. - 2:00 p.m. The Value of Political Geography: Evidence from the Redistricting of Firms (with Joaquin Artes and Jeffrey F. Timmons)
Brian Richter, University of Texas at Austin McCombs School of Business
Discussant: Pat Akey, University of Toronto  | View Slides
2:00 p.m. - 3:00 p.m. Electoral Cycles in Macroprudential Regulation
Karsten Müller, Princeton University | View Slides
Discussant: Julia Fonseca, University of Illinois at Urbana-Champaign
3:00 p.m. - 3:30 p.m. Break
3:30 p.m. - 4:30 p.m. The Subsidy to Infrastructure as an Asset Class (with Aleksandar Andonov and Roman Kräussl)
Joshua Rauh, Stanford University | View Slides
Discussant: Michael S. Weisbach, Ohio State University | View Slides
4:30 p.m. Conference Ends

The conference venue is the Gleacher Center, located in downtown Chicago at 450 N Cityfront Plaza Dr. There are a number of hotels in the area.

InterContinental Chicago - Conference Hotel
505 N. Michigan Avenue Chicago, IL 60611

LondonHouse Chicago
85 East Wacker Drive, Chicago, IL 60601

Club Quarters Wacker at Michigan
75 E. Wacker Drive, Chicago, IL 60601
312.357.6400; Reservations: 203.905.2100

Omni Chicago
676 N. Michigan Avenue Chicago, IL 60611

Conference Organizers

  • Luigi Zingales, Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance & Charles M. Harper Faculty Fellow, University of Chicago Booth School of Business
  • Gregor Matvos, Howard Berolzheimer Chair in Finance, Northwestern University Kellogg School of Management

Program Committee

  • Pat Akey
  • Efraim Benmelech
  • Mara Faccio
  • Viktar Fedaseyeu
  • Raymond Fisman
  • Stefan Lewellen
  • Todd Mitton
  • Brian Richter
  • Boris Vallee
  • Vikrant Vig
  • Paolo Volpin
  • Yupana Wiwattanakantang

For more information, contact:

Rachel Piontek, Assistant Director, Stigler Center