National Bureau of Economic Reasearch

Summer Institute 2008

Week 4 Master Agenda July 28 -- 31

 

MONDAY, JULY 28

9:00 am

CL

The Effects of Corporate Law/Investor Protection Reforms

 

 

 

 

 

FENG GAO, Simon School, University of Rochester

 

 

JOANNA SHUANG WU, Simon School, University of Rochester

 

 

JEROLD ZIMMERMAN, Simon School, University of Rochester

 

 

Unintended Consequences of Granting Small Firms Exemptions from Securities Regulation: Evidence from the Sarbanes-Oxley Act

 

 

 

 

 

MARTIJN CREMERS, Yale School of Management

 

 

ROBERTA ROMANO, Yale Law School and NBER

 

 

Institutional Investors and Proxy Voting:  The Impact of the 2003 Mutual Fund Voting Disclosure Regulation

 

 

 

 9:30 am

ITI

BEATA JAVORCIK, World Bank

 

 

Getting Ready:  Preparation for Exporting

 

 

 

10:50 am

CL

The Effects of Corporate Law/Investor Protection Reforms (cont.)

 

 

 

 

 

FABRIZIO FERRI, Harvard Business School

 

 

SID BALACHANDRAN, Columbia Business School

 

 

DAVID MABER, Harvard Business School

 

 

Solving the executive compensation problem through shareholder votes? Evidence from the U.K

 

 

 

11:00 am

ITI

JUAN CARLOS HALLAK, Universidad de San Andrés and NBER

 

 

Productivity, Quality and Exporting Behavior under Minimum Quality Requirements

 

 

 

11:35 am

CL

Corporate Law and Investor Protection In Closely Held Firms

 

 

 

 

 

J.C. DAMMANN, University of Texas at Austin - School of Law

 

 

MATTHIAS SCHUNDELN, Harvard University Department of Economics

 

 

The Incorporation Choices of Privately Held Corporations

 

 

 

 1:00 pm

ITI

ERIC VERHOOGEN, Columbia University and NBER

 

 

Product Quality at the Plant Level:  Plant Size, Exports, Output Prices and Input Prices in Colombia

 

 

 

1:20 pm

CL

Securities Regulation

 

 

 

 

 

M. TODD HENDERSON, University of Chicago Law School

 

 

ALAN D. JAGOLINZER, Stanford University Graduate School of Business

 

 

KARL A.MULLER, Penn State Smeal College of Business

 

 

Scienter Disclosure

 

 

 

 

 

LUIGI ZINGALES, University of Chicago Graduate School of Business and NBER

 

 

The Future of Security Regulation

 

 

 

 2:30 pm

ITI

ROC ARMENTER, Federal Reserve Bank of New York

 

 

A Balls and Bins Model of Trade

 

 

 

3:10 pm

CL

Corporate Law and Investor Protection around the World

 

 

 

 

 

ENRICO PEROTTI, Universiteit Van Amsterdam - Amsterdam Business School

 

 

PAOLO VOLPIN, London Business School

 

 

Politics, Investor Protection and Competition

 

 

 

 

 

KATE LITVAK, University of Texas at Austin School of Law

 

 

The Correlation between Cross-Listing Premia, US Stock Prices, and Volume of US Trading: A Challenge to Law-Based Theories of Cross-Listing

 

 

 

TUESDAY, JULY 29:

9:00 am

CF

Session 1: Takeovers: Valuation and Efficiency

 

 

 

 

 

HOLGER M. MUELLER, New York University, CEBR, and ECGI

 

 

XAVIER GIROUD, New York University

 

 

Does Corporate Governance Matter in Competitive Industries?

 

 

 

 

 

WEI JIANG, Columbia Business School

 

 

ALEX EDMANS, University of Pennsylvania

 

 

ITAY GOLDSTEIN, University of Pennsylvania

 

 

Takeover Activity and Target Valuations: Evidence of Feedback in Financial Markets

 

 

 

 9:30 am

ITI

MARY AMITI, Federal Reserve Bank of New York

 

 

Trade, Firms, and Wages: Theory and Evidence

 

 

 

10:50 am

CF

Session 2: Leverage

 

 

 

 

 

MICHAEL S. WEISBACH, University of Illinois at Urbana-Champaign and NBER

 

 

ULF AXELSON, SIFR and Stockholm School of Economics

 

 

TIM JENKINSON, Saïd Business School, Oxford University, and CEPR

 

 

PER STRÖMBERG, SIFR, Stockholm School of Economics, CEPR, and NBER

 

 

Leverage and Pricing in Buyouts: An Empirical Analysis

 

 

 

 

 

AYAKO YASUDA, University of Pennsylvania

 

 

MASSIMO MASSA, INSEAD

 

 

LEI ZHANG, INSEAD

 

 

Institutional Investors, Credit Supply Uncertainty, and the Leverage of the Firm

 

 

 

11:00 am

ITI

JOHN ROMALIS, University of Chicago and NBER

 

 

Inequality and Prices:  Does China Benefit the Poor in America?

 

 

 

 1:00 pm

ITI

EMILY BLANCHARD, University of Virginia

 

 

An Education Theory of Trade

 

 

 

1:10 pm

CF

Session 3: Public Information

 

 

 

 

 

ANDREW HERTZBERG, Northwestern University

 

 

JOSE MARIA LIBERTI, DePaul University

 

 

DANIEL PARAVISINI, Columbia Business School and BREAD

 

 

Public Information and Coordination: Evidence from a Credit Registry Expansion

 

 

 

 

 

TODD MILBOURN, Washington University in St. Louis

 

 

BO BECKER, University of Illinois at Urbana-Champaign

 

 

Reputation and Competition: Evidence from the Credit Rating Industry

 

 

 

 2:30 pm

ITI

KATHERYN RUSS, UC, Davis and NBER

 

 

Financial Sector Openness: Foreign Loans versus FDI

 

 

 

3:00 pm

CF

Session 4: Laws and Finance

 

 

 

 

 

JULIAN FRANKS, London Business School, CEPR, and ECGI

 

 

COLIN MAYER, Saïd Business School, CEPR, and ECGI

 

 

HIDEAKI MIYAJIMA, Waseda University, WIAS, and RIETI

 

 

Equity Markets and Institutions: The Case of Japan

 

 

 

 

 

FAUSTO PANUNZI, University of Bocconi, CEPR, and ECGI

 

 

ANDREW ELLUL, Indiana University

 

 

MARCO PAGANO, University of Naples Federico II, CEPR, and ECGI

 

 

Inheritance Law and Investment in Family Firms

 

 

 

 

 

MARK J. ROE, Harvard Law School

 

 

HOWELL E. JACKSON, Harvard Law School

 

 

Public and Private Enforcement of Securities Laws: Resource-Based Evidence

 

 

 

WEDNESDAY, JULY 30:

 

 

 

9:00 am

CF

Session 5: Macro Finance

 

 

 

 

 

THOMAS PHILIPPON, New York University, NBER, and CEPR

 

 

Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance

 

 

 

 

 

KRISTIN J. FORBES, MIT and NBER

 

 

Why Do Foreigners Invest in the United States?

 

 

 

 9:30 am

ITI

RALPH OSSA, Princeton University

 

 

A New Trade Theory of GATT/WTO Negotiations

 

 

 

10:50 am

CF

Session 6: Innovation

 

 

 

 

 

MORTEN SØRENSEN, University of Chicago, NBER, and SIFR

 

 

JOSH LERNER, Harvard University and NBER

 

 

PER STRÖMBERG, SIFR, Stockholm School of Economics, CEPR, and NBER

 

 

Private Equity and Long-Run Investment: The Case of Innovation

 

 

 

 

 

AJAY SUBRAMANIAN, Georgia State University

 

 

HARESH SAPRA, University of Chicago

 

 

KRISHNAMURTHY SUBRAMANIAN, Emory University

 

 

Corporate Governance and Innovation: Theory and Evidence

 

 

 

11:00 am

ITI

RICHARD BALDWIN, Graduate Institute, Geneva and NBER

 

 

Are Trade Blocs Building or Stumbling Blocks?  New Evidence

 

 

 

 1:00 pm

ITI

EDWIN LAI, Federal Reserve Bank of Dallas

 

 

Parallel Imports and Price Controls

 

 

 

1:10 pm

CF

Session 7

 

 

 

 

 

MANJU PURI, Duke University & NBER

 

 

RAJKAMAL IYER, University of Amsterdam

 

 

Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks

 

 

 

 

 

I. SERDAR DINÇ, MIT

 

 

NANDINI GUPTA, Indiana University

 

 

The Decision to Privatize: Finance, Politics, and Patronage

 

 

 

 2:30 pm

ITI

REUVEN GLICK, Federal Reserve Bank of San Francisco

 

 

Collateral Damage:  Trade Disruption and the Economic Impact of War

 

 

 

3:00 pm

CF

Session 8: Firm Structures, Contracting, and Finance

 

 

 

 

 

HEITOR ALMEIDA, University of Illinois at Urbana-Champaign & NBER

 

 

SANG YONG PARK, Yonsei University

 

 

MARTI SUBRAHMANYAM, New York University

 

 

DANIEL WOLFENZON, New York University & NBER

 

 

Beyond Cash Flow and Voting Rights: Valuation and Performance of Firms in Complex Ownership Structures

 

 

 

 

 

JULIE WULF, Harvard University

 

 

MARIA GUADALUPE, Columbia University

 

 

The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization

 

 

 

 

 

ANTOINETTE SCHOAR, MIT & NBER

 

 

RAJKAMAL IYER, University of Amsterdam

 

 

The Importance of Hold Up in Contracting: Evidence from a Field Experiment

 

 

 

THURSDAY, JULY 31:

 

 

 

 9:30 am

ITI

JONATHAN EATON, New York University and NBER

 

 

A Search and Learning Model of Export Dynamics

 

 

 

11:00 am

ITI

JONATHAN VOGEL, UC, Los Angeles

 

 

Trade in a Knowledge Economy