NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. |
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SUMMER
INSTITUTE 2008 |
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CORPORATE
FINANCE PROGRAM MEETING |
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Raghuram G. Rajan, Organizer |
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Royal Sonesta Hotel, Parkview Room |
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July
29-30, 2008 |
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PROGRAM |
Tuesday, July 29: |
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8:30 a.m. |
Coffee and Pastries |
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9:00 a.m. |
Session 1: Takeovers: Valuation and Efficiency |
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HOLGER M. MUELLER, |
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XAVIER GIROUD, |
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WEI JIANG, |
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ALEX EDMANS, |
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ITAY GOLDSTEIN, |
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Takeover Activity and Target
Valuations: Feedback Loops in
Financial Markets |
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Discussant: RANDALL MORCK, |
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10:20 a.m. |
Break |
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10:50 a.m. |
Session 2: Leverage |
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MICHAEL S. WEISBACH, |
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ULF AXELSON, SIFR and |
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TIM JENKINSON, Saïd |
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PER STRÖMBERG, SIFR, |
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AYAKO YASUDA, |
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MASSIMO |
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LEI ZHANG, INSEAD |
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Institutional
Investors, Credit Supply Uncertainty, and the Leverage of the Firm |
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Discussant: MALCOLM BAKER, |
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12:10 p.m. |
Lunch |
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1:10 p.m. |
Session 3: Public Information |
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ANDREW HERTZBERG, Northwestern
University |
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JOSE MARIA LIBERTI, DePaul University |
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DANIEL PARAVISINI, |
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Public Information and Coordination: Evidence from a
Credit Registry Expansion |
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TODD MILBOURN, |
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BO BECKER, |
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Reputation and Competition:
Evidence from the Credit Rating Industry |
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Discussant: MITCHELL PETERSEN,
Northwestern University and NBER |
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2:30 p.m. |
Break |
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3:00 p.m. |
Session 4: Laws and Finance |
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JULIAN FRANKS, |
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COLIN MAYER, Saïd |
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HIDEAKI MIYAJIMA, |
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FAUSTO PANUNZI, |
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ANDREW ELLUL, |
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MARCO PAGANO, |
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MARK J. ROE, |
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HOWELL E. JACKSON, |
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Public
and Private Enforcement of Securities Laws: Resource-Based Evidence |
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Discussant: SIMON JOHNSON,
IMF and NBER |
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4:40 p.m. |
Adjourn |
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Wednesday, July 30 |
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8:30 a.m. |
Coffee and Pastries |
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9:00 a.m. |
Session 5: Macro Finance |
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THOMAS PHILIPPON, |
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Why Has the |
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KRISTIN J. FORBES, MIT and
NBER |
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Discussant: FRANK WARNOCK, |
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10:20 a.m. |
Break |
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10:50 a.m. |
Session 6: Innovation |
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MORTEN SØRENSEN, |
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JOSH LERNER, |
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PER STRÖMBERG, SIFR, |
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Private
Equity and Long-Run Investment: The Case of Innovation |
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AJAY SUBRAMANIAN, |
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HARESH SAPRA, |
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KRISHNAMURTHY SUBRAMANIAN, |
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Discussant: VIRAL ACHARYA ,
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12:10 p.m. |
Lunch |
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1:10 p.m. |
Session 7 |
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MANJU PURI, |
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RAJKAMAL IYER, |
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Understanding
Bank Runs: The Importance of Depositor-Bank Relationships and Networks |
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I. SERDAR DINÇ, MIT |
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NANDINI GUPTA, |
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The Decision to Privatize: Finance, Politics, and
Patronage |
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Discussant: ATIF MIAN, |
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2:30 p.m. |
Break |
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3:00 p.m. |
Session 8: Firm Structures, Contracting, and Finance |
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HEITOR ALMEIDA, |
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SANG |
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MARTI SUBRAHMANYAM, |
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DANIEL WOLFENZON, |
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JULIE WULF, |
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MARIA GUADALUPE, |
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The
Flattening Firm and Product Market Competition: The Effect of Trade
Liberalization |
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ANTOINETTE SCHOAR, MIT and
NBER |
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RAJKAMAL IYER, |
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The
Importance of Hold Up in Contracting: Evidence from a Field Experiment |
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Discussant: LUIGI ZINGALES,
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4:40 p.m. |
Adjourn |
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7/2/08 |
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