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Níl an t-ábhar seo ar fáil i nGaeilge.

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: info@ecb.europa.eu
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: dimitrios.koukidis@ecb.europa.eu

Alexander Popov
ECB Directorate General Research
Financial Research Division
E-mail: alexander.popov@ecb.europa.eu

Sabine Wiedemann
ECB Directorate General Research
Financial Research Division
E-mail: sabine.wiedemann@ecb.europa.eu