NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



CORPORATE FINANCE PROGRAM MEETING

Florencio Lopez de Silanes and Rafael La Porta, Organizers

November 14, 2003

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, MA

PRELIMINARY PROGRAM

THURSDAY, NOVEMBER 13:

7:00 PM Dinner

Legals Sea Foods

(Kendall Square)

5 Cambridge Center

Cambridge, MA



FRIDAY, NOVEMBER 14:



8:30 AM Continental Breakfast



9:00 AM PATRICK BOLTON, Princeton University and NBER

JOSE SCHEINKMAN and WEI XIONG, Princeton University

Executive Compensation and Short-Termist Behavior in Speculative Markets

Discussant: SENDHIL MULLAINATHAN, MIT and NBER



9:50 AM MIHIR DESAI, Harvard University and NBER

FRITZ FOLEY, University of Michigan

JAMES HINES, University of Michigan and NBER

A Multinational Perspective on Capital Structure Choice and Internal

Capital Markets



Discussant: OWEN LAMONT, Yale University and NBER



10:40 AM Break



11:10 AM EUGENE FAMA, University of Chicago

KENNETH FRENCH, Dartmouth College and NBER

Financing Decisions: Who Issues Stocks?



Discussant: STEWART MYERS, MIT



12:00 PM Lunch











1:00 PM FRANCISCO PEREZ-GONZALEZ, Columbia University

The Impact of Acquiring Control on Productivity:

Evidence from Mexican Manufacturing Plants

Discussant: LUIGI ZINGALES, University of Chicago and NBER



1:50 PM LUCIAN BEBCHUK, Harvard University and NBER

Asymmetric Information and the Choice of Corporate Governance Arrangements

Discussant: NITTAI BERGMAN, MIT



2:40 PM Break



3:10 PM MARIANNE BERTRAND, University of Chicago and NBER

ANTOINETTE SCHOAR, MIT and NBER

Banking Deregulation and Industry Structure:

Evidence from the French Banking Reforms of 1985

(Joint with David Thesmar)



Discussant: PAOLA SAPIENZA, Northwestern University



4:00 PM DARON ACEMOGLU and SIMON JOHNSON, MIT and NBER

Unbundling Institutions



Discussant: ANDREI SHLEIFER, Harvard University and NBER



10/31/03