Finance Seminar Winter Term 2020/2021

The finance seminar is organized in collaboration with the Cluster of Excellence 2126 ECONtribute: Markets & Public Policy and with the Collaborative Research Center Transregio 224: Economic Perspectives on Societal Challenges.


The Finance Seminar takes place on Tuesday at 12:15 p.m. in person or via zoom

In person seminars will be (if possible, with a limited number of people) on Tuesday, 12:15-1:30 PM in the Faculty Lounge, Juridicum, Adenauerallee 24-42, 53113 Bonn and will further be streamed via Zoom. Further details for Zoom seminars can be found here


October 27, 2020 - Nuri Ersahin (Michigan State University)

Announcemnts: This seminar will take place via Zoom. Due to time difference, the seminar will take place at 15:00.

Title: Crowded out from the Beginning: Impact of Government Debt on Corporate Financing

Abstract: Using hand-collected data on corporate bond and stock offerings, we identify the impact of government debt on corporate financing during World War I. The early twentieth century provides a unique opportunity to identify the impact of government debt on private financing because during this period (1) firms announced the amount they wanted to raise before each security offering and (2) the Treasury issued debt in discrete intervals. We identify the impact of Treasury issues by comparing differences in the amount firms offered to the amount they actually raised when the Treasury was borrowing to when the Treasury was not in the market. We find that long term government bond offerings negatively affect both amount of long-term corporate bonds and dividend paying stocks issued. In contrast, we find no effect of government bond offerings on short term debt issue. Our findings suggest that investors view dividend paying stocks as a close substitute for relatively safe long-term bonds.

 

November 03, 2020 - Hongda Zhong (LSE)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.

 

November 10, 2020 - Lasse Pedersen (Copenhagen Business School)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place via Zoom at the usual seminar time.

 

November 17, 2020 - Alex Stomper (HU Berlin)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.

 

November 24, 2020 - Sebastian Doerr (BIS)

Announcemnts: This seminar will take place in person at the usual seminar time.

 

December 01, 2020 - Sumit Agarwal (National University of Singapore)

Announcemnts: This seminar will take place via Zoom. Due to time difference, the seminar will not take place at the usual time. The time will be announced shortly.

 

December 08, 2020 - Fred Malherbe (UCL)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.

 

January 05, 2021 - Yannick Timmer (IMF)

Announcemnts: This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.

 

January 12, 2021 - Jean-Edouard Colliard (HEC Paris)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.

 

January 19, 2021 - Theresa Kuchler (NYU)

Announcemnts: This seminar will take place via Zoom. Due to time difference, the seminar will not take place at the usual time. The time will be announced shortly.

 

January 26, 2021 - Johann Hombert (HEC Paris)

Announcemnts: Finance Seminar in collaboration with ECONTribute. This seminar will take place in person (if possible, with limited number of participants) and via Zoom at the usual seminar time.