NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
CORPORATE FINANCE PROGRAM MEETING
Raghuram Rajan and Per Strömberg, Organizers
April 11, 2003
Gleacher Center, GSB,
University of Chicago
Room 308
450 North Cityfront Plaza Drive
Chicago, IL 60611
PROGRAM
FRIDAY, April 11:
8:30 AM Continental Breakfast
9:00 AM ULF AXELSON, University of Chicago
Security Design with Investor Private Information
Discussant: PHILIP BOND, Northwestern University
9:50 AM EVAN GATEV and PHILIP E. STRAHAN, Boston College
Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence
from the Commercial Paper Market
Discussant: JEREMY STEIN, Harvard University and NBER
10:40 AM Break
11:10 AM STEVEN KAPLAN, University of Chicago and NBER
ANTOINETTE SCHOAR, MIT and NBER
Private Equity Returns: Persistence and Capital Flows
Discussant: ALEXANDER LJUNQVIST, New York University
12:00 PM Lunch-Room 320
1:00 PM ATIF MIAN, University of Chicago
Incentives, Supervision, and Organizational Hierarchy:
A Loan-Level Investigation of Banking
Discussant: PAOLA SAPIENZA, Northwestern University
1:50 PM RAFAEL LA PORTA, Harvard University and NBER
FLORENCIO LOPEZ-DE-SILANES, Yale University and NBER
ANDREI SHLEIFER, Harvard University and NBER
What Works in Securities Laws?
Discussant: DOUG BAIRD, University of Chicago
2:40 PM Break
3:10 PM ROMAN INDERST, London School of Economics and CEPR
HOLGER MÜLLER, New York University and CEPR
The Effect of Capital Market Characteristics on the Value of Start-Up Firms
Discussant: STEWART MYERS, MIT and NBER
Over, Please!
Corporate Finance Meeting Program, Page 2:
4:00 PM MARIANNE BITLER, RAND Corporation
TOBIA MOSKOWITZ, University of Chicago and NBER
ANNETTE VISSING-JORGENSEN, Northwestern University and NBER
Why Do Entrepreneurs Hold Large Ownership Shares?
Testing Agency Theory Using Entrepreneur Effort and Wealth
Discussant: DIRK JENTER, MIT
4:50 PM Adjourn
6:30 PM Joint Group Dinner
University of Chicago
Gleacher Center
Room 621
450 North Cityfront Plaza Drive
Chicago, IL
3/31/03