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Small business financing
European Central Bank, Kelley School of Business - Indiana University, Center for Economic Policy Research, and Review of Finance jointly organized conference
Location: Eurotower, CIV
| 12.45 p.m. | Registration and lunch buffet |
| 1:45 p.m. | Welcome address Benoît Cœuré, Member of the Executive Board, European Central Bank Session 1 Loan officers' incentives Chair: Alexander Popov, European Central Bank |
| 2.00 p.m. | Do loan officers' incentives lead to lax lending standards? Sumit Agarwal, Federal Reserve Board of Chicago; Itzhak Ben-David, Ohio State University Discussant: Florian Heider, European Central Bank |
| 2.45 p.m. | Does discretion in banking increase bank risk? Borrower self-selection and loan officer capture effects Reint Gropp, Andre Guttler, and Christian Gruendl, European Business School Discussant: Vivek Ghosal, Georgia Institute of Technology |
| 3.30 p.m. | Coffee break |
| 3.45 p.m. | Session 2 Loan sales and securitization Chair: Philippe Moutot, European Central Bank Loan sales and screening incentives Thomas Gherig, Univeristy of Vienna; Helmut Bester, Free University Berlin; Rune Stenbacka, Hanken School of Economics; Discussant: Daniela Fabbri, Cass School of Business |
| 4.30 p.m. | Lending relations and credit rationing: The impact of securitization Santiago Carbo Valverde, Bangor University; Hans Degryse, KU Leuven; Francisco Rodriquez Fernandez, University of Granada; Discussant: Paolo Mistrulli, Bank of Italy |
| 7.30 p.m. | Dinner (by invitation only) Kuffler & Bucher am Opernplatz Opernplatz 2 Frankfurt am Main |
| 8.45 a.m. | Registration and coffee Session 3 Lending shocks Chair: Philipp Hartmann, European Central Bank |
| 9:30 a.m. | Shocks abroad, pain at home? Bank-firm level evidence on financial contagion during the recent financial crisis Steven Ongena, Tilburg University; Jose-Luis Peydro, University Pompeu Fabra; Neeltje van Horen, Dutch Central Bank Discussant: Christa Hainz, University of Munich |
| 10.15 a.m. | The anatomy of a credit supply shock: Evidence from an internal credit market Jose Liberti, DePaul University; Jason Sturgess, Georgetown University Discussant: Nicolas Serrano-Velarde, Bocconi University |
| 11 a.m. | Coffee break |
| 11.30 a.m. | Keynote address Allen Berger, Moore School of Business, University of South Carolina |
| 1.00 p.m. | Lunch buffet |
| 2.00 p.m. | Session 5 Bank lending technologies Chair: Diego Rodriguez Palenzuela, European Central Bank Foreigners vs. natives: Bank lending technologies and loan pricingThorsten Beck, Vasso Ioannidou, and Larissa Schafer, Tilburg University Discussant: Lars Norden, Erasmus University Rotterdam |
| 2.45 p.m. | Differentiated use of small business credit scoring by relationship lenders and transactional lenders: Evidence from firm-bank matched data in Japan Ryo Hasumo, Japan Center for Economic Research; Hideaki Hirata, Hosei Business School; Ariot Ono, Mizuho Research Institute Discussant: Robert De Young, University of Kansas |
| 3.30 p.m. | Coffee break |
| 3.45 p.m. | Entrepreneurial optimism, credit availability, and cost of financing: Evidence from U.S. small businesses Rebel Cole, DePaul University; Na Dai, SUNY Albany; Vladimir Ivanov, SEC Discussant: Ralph De Haas, EBRD |
| Conference venue | European Central Bank Kaiserstraße 29 60311 Frankfurt am Main Tel.: +49 (0) 69 1344 0 Fax: +49 (0) 69 1344 6000 E-mail: [email protected] |
| Conference language | English |
| Programme | The workshop programme may be changed without notice. |
| Contact persons | Dimitrios Koukidis ECB Directorate Communications Budget and Projects Division E-mail: [email protected] Alexander Popov ECB Directorate General Research Financial Research Division E-mail: [email protected] Sabine Wiedemann ECB Directorate General Research Financial Research Division E-mail: [email protected] |