NATIONAL BUREAU OF ECONOMIC RESEARCH

Summer Institute 2010

Entrepreneurship Working Group Meeting

Josh Lerner and Antoinette Schoar, Organizers

July 27, 2010

Royal Sonesta Hotel
Charles Suite AB

40 Edwin H. Land Blvd.

Cambridge, MA

PROGRAM

MONDAY, JULY 26:
6:00 pm Group Dinner at Bambara Restaurant, 25 Edwin H. Land Blvd. (across the street from the Sonesta)
TUESDAY, JULY 27:
8:30 am	Continental Breakfast
Payoffs from Entrepreneurial Firms:
9:00 am	Thomas Hellmann, University of British Columbia and NBER
	Noam Wasserman, Harvard University
	The First Deal: The Division of Founder Equity in New Ventures
	Discussant: David Hsu, University of Pennsylvania
9:45 am	Paige Ouimet and Rebecca Zarutskie, Duke University
	The Worker Age-Firm Age Relation
	Discussant: Paul Oyer, Stanford University and NBER
10:30 am	Break
10:45 am	Erik Hurst, University of Chicago and NBER
	Benjamin Pugsley, University of Chicago
	Nonpecuniary Benefits of Small Business Ownership
	Discussant: Augustin Landier, Toulouse School of Economics
11:30 am	Christian Fons-Rosen, London School of Economics
	Knowledge Flows Through FDI: the Case of Privatizations in Central and Eastern Europe
	Discussant: Ajay Agrawal, University of Toronto and NBER
12:15 pm	Lunch
Angels and Demons:
1:15 pm	Brian Broughman and Jesse Fried, Harvard University
	VC Inside Rounds as Rescue Financing: Theory and Evidence
	Discussant: Paul Gompers, Harvard University and NBER
2:00 pm	Break
2:15 pm	William Kerr and Joshua Lerner, Harvard University and NBER
	Antoinette Schoar, MIT and NBER
	The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis
	Discussant: Alexander Ljungqvist, New York University
3:00 pm	Aaron Chatterji, Duke University
	Robert Seamans, New York University
	Credit Cards, Race and Entrepreneurship
	Discussant: Justin Sydnor, Case Western Reserve University
3:45 pm	Adjourn