| Thursday, December 14 |
| Session 1: Technology and Business Dynamics |
| Technological Stickiness: Switching and Entry in the Long Transition from Water to Steam Power |
| Richard Hornbeck (Chicago), Shanon Hsuan-Ming Hsu (Chicago), Anders Humlum (Chicago), Martin Rotemberg* (NYU) |
| Discussant: Luise Eisfeld (HEC Lausanne) |
| New Technology and Business Dynamics |
| Hans K. Hvide* (University of Bergen), Tom G. Meling (Ohio State University) |
| Discussant: Thorsten Martin (Frankfurt School of Finance & Management) |
| The Impact of Cloud Computing and AI on Industry Dynamics and Competition |
| Yao Lu (Tsinghua), Gordon Phillips* (Dartmouth College), Jia Yang (Tsinghua) |
| Discussant: Simon Bunel (Banque de France) |
| Session 2: R&D |
| Excess Commitment in R&D |
| Marius Guenzel* (Wharton), Tong Liu (MIT Sloan) |
| Discussant: Discussant: David Robinson (Duke) |
| Friday, December 15 |
| Session 3: Venture Capital |
| Tolerating Losses for Growth: How US Venture Capitalists Invest Abroad |
| Thomas Hellmann* (Oxford University), Alexander Montag (Indiana University), Joacim Tåg (IFN) |
| Discussant: Katarina Warg (CBS) |
| Catching Outliers: Committee Voting and the Limits of Consensus when Financing Innovation |
| Andrey Malenko (University of Michigan), Ramana Nanda (Imperial College), Matt Rhodes-Kropf (MIT Sloan), Savitar Sundaresan* (Imperial College) |
| Discussant: Markus Parlasca (WU Vienna) |
| Session 4: Under-Represented Innovators |
| Are Patents with Female Inventors Under-Cited? Evidence from Causal Text Estimation |
| Yael V. Hochberg (Rice), Ali Kakhbod (UC Berkeley), Peiyao Li (UC Berkeley), Kunal Sachdeva* (Rice) |
| Discussant: Matthias Qian (ESMT) |
| America's Missing Entrepreneurs |
| Raj Chetty (Harvard), Gaia Dossi (LSE), Matthew Smith (US Treasury), John Van Reenen (LSE, MIT), Owen Zidar (Princeton), Eric Zwick* (Chicago Booth) |
| Discussant: Fabiano Schivardi (LUISS) |
| Session 5: Financing & Firm Growth |
| Great Recession Babies: How Are Startups Shaped by Macro Conditions at Birth? |
| Daniel Bias* (Vanderbilt), Alexander Ljungqvist (Stockholm School of Economics) |
| Discussant: Noémie Pinardon-Touati (Columbia) |
| Finance and Investment: Evidence from a Randomized Field Experiment |
| Deniz Aydin (WUSTL), Olivia S. Kim* (HBS) |
| Discussant: Kim Fe Cramer (LSE) |
| *Presenting author |
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