NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2007

Corporate Finance

David Scharfstein, Organizer

July 31 and August 1, 2007

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

PROGRAM

MONDAY, JULY 30:
6:30 pm	Group Dinner
	Dante at the Royal Sonesta Hotel
TUESDAY, JULY 31:
8:30 am	Coffee and Pastries
9:00 am	OLIVER HART, Harvard University and NBER
	Hold-up, Asset Ownership, and Reference Points
	Discussant: ROBERT GERTNER, University of Chicago
9:50 am	ALEX EDMANS, University of Pennsylvania
	XAVIER GABAIX, New York University and NBER
	AUGUSTIN LANDIER, New York University
	A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
	Discussant: BENJAMIN HERMALIN, UC, Berkeley
10:40 am	Break
11:00 am	VICTORIA IVASHINA, Harvard University
	ZHENG SUN, UC, Irvine
	Institutional Stock Trading on Loan Market Information
	Discussant: PHILIP STRAHAN, Boston College and NBER
11:50 am	Lunch
1:00 pm	RAN DUCHIN, JOHN G. MATSUSAKA, and OGUZHAN OZBAS, University of Southern California
	When are Outside Directors Effective
	Discussant: MICHAEL WEISBACH, University of Illinois and NBER
1:50 pm	CRAIG DOIDGE, University of Texas
	G. ANDREW KAROLYI, Ohio State University
	RENE STULZ, Ohio State University and NBER
	Has New York Become Less Competitive in Global Markets?: Evaluating Foreign Listing Changes Over Time
	Discussant: PAOLA SAPIENZA, Northwestern University and NBER
2:40 pm	Break
3:00 pm	ANDREW METRICK, University of Pennsylvania and NBER
	AYAKO YASUDA, University of Pennsylvania
	The Economics of Private Equity Funds
	Discussant: JOSH LERNER, Harvard University and NBER
3:50 pm	ANTOINETTE SCHOAR, MIT nd NBER
	CEO Careers and Style
	Discussant: RANDALL MORCK, University of Alberta and NBER
4:40 pm	Adjourn
WEDNESDAY, AUGUST 1:
8:00 am	Coffee and Pastries
8:30 am	STEWART MYERS, MIT and NBER
	ISIL EREL, Ohio State University
	JAMES A. READ, The Brattle Group
	Capital Allocation
	Discussant: KEN FROOT, Harvard University and NBER
9:20 am	MARK CAREY and MICHAEL GORDY, Federal Reserve Board
	The Bank as Grim Reaper: Debt Composition and Recoveries of Defaulted Debt
	Discussant: HAYNE LELAND, UC, Berkeley
10:10 am	Break
10:30 am	GERARD HOBERG, University of Maryland
	GORDON PHILLIPS, University of Maryland and NBER
	Real and Financial Industry Booms and Busts
	Discussant: MALCOLM BAKER, Harvard University and NBER
11:20 am	DAVID MATSA, Northwestern University
	Operating Under a Liquidity Crunch: The Impact of LBOs on Product Availability in the Supermarket Industry
	Discussant: ANIL KASHYAP, University of Chicago and NBER
12:10 pm	Lunch
1:10 pm	JOSH RAUH, University of Chicago and NBER
	The Effects of Financial Conditions on Capital Investment and Financing: Evidence from Variation in Pension Fund Asset Performance
	Discussant: MICHAEL ROBERTS, University of Pennsylvania
2:00 pm	JULES H. VAN BINSBERGEN, Duke University
	JOHN GRAHAM, Duke University and NBER
	JIE YANG, Duke University
	The Cost of Debt
	Discussant: MITCHELL PETERSEN, Northwestern University and NBER
2:50 pm	Adjourn
7/16/07