NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

CORPORATE FINANCE PROGRAM MEETING

Raghuram Rajan, Organizer

November 15, 2002

Royal Sonesta Hotel

Skyline Rooms

5 Cambridge Parkway

Cambridge, MA

PRELIMINARY PROGRAM

THURSDAY, NOVEMBER 14:

6:30 PM Dinner

Thai Restaurant

One Kendall Square

Building 300

(Broadway and Hampshire Street)

Cambridge, MA 02139

FRIDAY, NOVEMBER 15:

8:30 AM Continental Breakfast

9:00 AM OLIVER HART, Harvard University and NBER

BENGT HOLMSTROM, MIT and NBER

A Theory of Firm Scope

Discussant: AMAR BHIDE, Columbia University

9:50 AM RAYMOND FISMAN, Columbia University and NBER

INESSA LOVE, The World Bank

Patterns of Industrial Development Revisited: The Role of Finance

Discussant: LUIGI ZINGALES, University of Chicago and NBER

10:40 AM Break

11:10 AM JAMES DOW, London Business School and CEPR

GARY GORTON, University of Pennsylvania and NBER

ARVIND KRISHNAMURTHY, Northwestern University

Corporate Finance and the Term Structure of Interest Rates

Discussant: PHILIP DYBVIG, Washington University

12:00 PM Lunch- Skyline Rooms

1:00 PM MALCOLM BAKER, Harvard University and NBER

JEFFREY WURGLER, New York University

A Catering Theory of Dividends

Discussant: LAURIE HODRICK, Columbia University

1:50 PM MARK AGUIAR and GITA GOPINATH, University of Chicago

Fire-Sale FDI and Liquidity Crises

Discussant: ANUSHA CHARI, University of Michigan

Over, Please!

Corporate Finance Program, Page 2, Continued:

2:40 PM Break

3:00 PM MATTHEW RHODES-KROPF, Columbia University

S. VISWANATHAN, Duke University

Market Valuation and Merger Waves

Discussant: AUGUSTIN LANDIER, University of Chicago and NBER

3:50 PM HEITOR ALMEIDA, New York University

MURILLO CAMPELLO, University of Illinois

MICHAEL S. WEISBACH, University of Illinois and NBER

Corporate Demand for Liquidity

Discussant: VIRAL ACHARYA, London Business School

4:40 PM Adjourn

11/12/02