NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



CORPORATE FINANCE PROGRAM MEETING



Malcolm Baker and Jeffrey Wurgler, Organizers

May 13, 2005



NBER Offices,

1050 Massachusetts Avenue

Cambridge, Massachusetts

PRELIMINARY PROGRAM

THURSDAY, MAY 12:



6:30 p.m. Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA 02142

FRIDAY, MAY 13:

8:15 a.m. Shuttle Van from the Royal Sonesta to NBER



8:30 a.m. Shuttle Van from the Royal Sonesta to NBER

8:30 a.m. Continental Breakfast



9:00 a.m. MARIANNE BERTRAND, University of Chicago and NBER

SIMON JOHNSON and ANTOINETTE SCHOAR, MIT and NBER

KRISLERT SAMPHANTHARAK, UC, San Diego

Mixing Family with Business: A Study of Thai Business Groups and the Families

Behind Them



DISCUSSANT: RANDALL MORCK, University of Alberta and NBER



9:50 a.m. BO BECKER, University of Illinois

Geographical Segmentation of US Capital Markets

DISCUSSANT: JEREMY STEIN, Harvard University and NBER



10:40 a.m. Break



11:00 a.m. ROMAN INDERST, INSEAD

HOLGER MUELLER, New York University

Keeping the Board in the Dark: CEO Compensation and Entrenchment



DISCUSSANT: DIRK JENTER, MIT and NBER



12:00 N Lunch

1:00 p.m. SIMEON DJANKOV and CARALEE McLIESH, World Bank

ANDREI SHLEIFER, Harvard University and NBER

Private Credit in 129 Countries



DISCUSSANT: LUIGI ZINGALES, University of Chicago and NBER

1:50 p.m. SIMI KEDIA, Rutgers University

THOMAS PHILLIPON, New York University and NBER

The Economics of Fraudulent Accounting



DISCUSSANT: CHRIS HENNESSY, UC, Berkeley



2:40 p.m. Break



3:00 p.m. SERGEI DAVYDENKO and JULIAN FRANKS, London Business School

Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the UK



DISCUSSANT: C. FRITZ FOLEY, Harvard University and NBER



3:50 p.m. Adjourn



5/10/05