# 2023 Five-Star Conference

This annual conference brings together finance researchers from five leading northeastern universities. We invite colleagues at all schools in the northeast, and others interested in current finance research, to a day of research presentations in finance. Faculty from each of the program participant schools present one of the papers on the program.

**Agenda**

9:00am - Registration

9:30am - Introduction

9:45am - Itamar Drechsler, The University of Pennsylvania – Wharton School Alexi Savov, Philipp Schnabl and Olivier Wang, NYU – Stern School

[Banking on Uninsured Deposits ](https://www.nber.org/system/files/working_papers/w31138/w31138.pdf)

Discussant: Alp Simsek, Yale School of Management

10:45am - Refreshment Break

11:00am - Naz Koont and Tano Santos, Columbia University – GSB Luigi Zingales, University of Chicago – Booth School

[Destabilizing Digital “Bank Walks” ](https://www.chicagobooth.edu/-/media/research/stigler/pdfs/workingpapers/328destabilizingdigitalbankwalks.pdf)

Discussant: Thomas Philippon, NYU – Stern School

12:00pm - Refreshment Break

12:15pm - Jules van Binsbergen, University of Pennsylvania – Wharton School Sophia Hua, University of Pennsylvania – Wharton School Jessica A. Wachter, University of Pennsylvania – Wharton School

[Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach ](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3689958)

Discussant: Moritz Lenel, Princeton University

1:15pm - Lunch

Speakers: Martin J. Gruber, NYU – Stern School Keynote address by Andrei Shleifer, Harvard University

2:15pm - Ernest Liu, Princeton University - Room 1-170 Song Ma, Yale School of Management

[Innovation Networks and R&D Allocation ](https://www.nber.org/system/files/working_papers/w29607/w29607.pdf)

Discussant: Bruno Pellegrino, Columbia University GSB

3:15pm - Refreshment Break

3:30pm - Samuel M. Hartzmark, Boston College Kelly Shue, Yale School of Management

[Counterproductive Sustainable Investing: The Impact Elasticity of Brown and Green Firms ](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4359282)

Discussant: Lucian Taylor, University of Pennsylvania – Wharton School

4:30pm - Reception