Family Business
and Long-Term Investment Chair

Conference 2026

Title: 2nd Conference on “Ownership, Control, and Economic Performance”
Location: Université Paris Dauphine – PSL, Place du Maréchal de Lattre, 75016 Paris, Room A709

Organizers: François Belot, Edith Ginglinger, Mattia Girotti, Farid Toubal (Université Paris Dauphine–PSL)

Program

Monday, June 8, 2026

• 11:45 – Lunch buffet (Espace 7, Building A, 7th floor)
• 13:00 – Welcome remarks by Edith Ginglinger and Farid Toubal (Université Paris Dauphine–PSL)
• 13:05 – Session 1. Debt Structure and Creditor Relationships
  Chair: Fabrice Riva (Université Paris Dauphine–PSL)
  • Alireza Aghaee (Imperial College London), Lorenzo Bretscher (University of Lausanne, SFI, CEPR), Stefano Rossi* (Bocconi University, ECGI, CEPR)
    Corporate Debt Structure around the World
    Discussant: Pierluigi Murro (Luiss)
  • Christophe Cahn (Banque de France), Ettore Croci (Università Cattolica del Sacro Cuore), Mattia Girotti (Université Paris Dauphine–PSL), Federica Salvade* (Paris School of Business)
    Firm Ownership and the Structure of Banking Relationships
    Discussant: Guillaume Vuillemey (HEC Paris)
• 15:05 – Coffee break
• 15:25 – Session 2. Succession, Dynastic Control, and Leadership Transition
  Chair: Pramuan Bunkanwanicha (ESCP)
  • Ciprian Domnisoru* (Aalto University – Helsinki GSE), Robert A. Miller (Carnegie Mellon University)
    Planning for Family Succession
    Discussant: Étienne Fize (Institut des Politiques Publiques, PSE)
  • Mario Daniele Amore (Bocconi University, CEPR, ECGI), Morten Bennedsen (University of Copenhagen, CEPR, DFI, ECGI), Vikas Mehrotra (University of Alberta, ECGI), Jungwook Shim (Kansai University), Yupana Wiwattanakantang* (NUS Business School, National University of Singapore, ECGI)
    Placeholder CEOs
    Discussant: Ettore Croci (Università Cattolica del Sacro Cuore)
• 16:45 – Coffee break
• 17:05 – Session 3. Ownership Design and Firm Performance
  Chair: José Miguel Gaspar (ESSEC)
  • Paul Beaumont (McGill University), Johan Hombert* (HEC Paris, CEPR), Adrien Matray (Federal Reserve Bank of Atlanta, CEPR)
    Contract Completeness of Company Bylaws and Entrepreneurial Success
    Discussant: Juan Imbet (Université Paris Dauphine)
  • Chitru S. Fernando* (University of Oklahoma), William P. Meyers (University of Oklahoma)
    Corporate Cash Holdings, M&A, and Shareholder Value: Lessons from Family Firms
    Discussant: Rüdiger Fahlenbrach (EPFL)
• 17:45 – End of Day 1

Tuesday, June 9, 2026

• 08:30 – Welcome
• 09:00 – Session 4. Ownership Structure, Growth, and Labor Outcomes
  Chair: Stefano Lovo (HEC Paris)
  • Walid Faris* (Université Paris Dauphine–PSL)
    Private Equity and Pre-Investment Ownership Structure
    Discussant: Antoine Renucci (Université Paris 1)
  • Luca Coraggio (University of Naples Federico II, CSEF), Marco Pagano* (University of Naples Federico II, CSEF, EIEF), Annalisa Scognamiglio (University of Naples Federico II, CSEF), Joacim Tag (IFN & Hanken School of Economics)
    Family Ties, Corporate Power and Workers’ Careers
    Discussant: Gianluca Orefice (Université Paris Dauphine–PSL)
• 10:20 – Coffee break
• 10:40 – Session 5. Ownership Transition, Shareholder Agreements, and Firm Adjustment
  Chair: François Derrien (HEC Paris)
  • Anete Pajuste* (Stockholm School of Economics in Riga), Valerija Kozlova (Stockholm School of Economics in Riga), Jelena Luca (University of Latvia)
    Ownership Transition under Regulatory Pressure and Macroeconomic Shocks
    Discussant: Vincent Tena (Université Paris Dauphine–PSL)
  • Laurent Bach* (ESSEC Business School), Étienne Fize (IPP–PSE), Arthur Guillouzouic (AMSE & IPP–PSE), Clément Malgouyres (CREST–CNRS & IPP–PSE)
    Keep It in the Family, or Else! How Tax-Friendly Shareholder Agreements Affect Firm Outcomes
    Discussant: Morten Bennedsen (University of Copenhagen, CEPR, DFI, ECGI)
• 12:00 – Lunch buffet
• 13:30 – Session 6. Concentrated Ownership and Active Governance
  Chair: Carole Gresse (Université Paris Dauphine–PSL)
  • Steffen Andersen (Danmarks Nationalbank & Copenhagen Business School), Damiano Argan* (Bocconi University), Luigi Guiso (EIEF), Fabiano Schivardi (Luiss University & EIEF)
    Entrepreneurial Wealth Concentration and Firm Performance
    Discussant: Marcelo Ortiz (Universitat Pompeu Fabra)
  • Guodong Chen (NYU Shanghai), Dan Li* (Fudan University), Chuangwei Peng (Fudan University), Yu Zhou (NYU Shanghai)
    When Common Owners Engage: Governance, Coordination, and Firm Value
    Discussant: Martin Schmalz (University of Oxford)
• 14:50 – End of the conference

* Presenting author. Each 40-minute presentation consists of a 25-minute presentation, a 10-minute discussion, and 5 minutes of Q&A.