NATIONAL BUREAU
OF ECONOMIC RESEARCH
The
October 5,
2007
Joshua Lerner
and Per Stromberg, Organizers
NBER
2nd
Floor Conference Room
PRELIMINARY
PROGRAM
8:30 am
Shuttle
Van Departs from The Royal Sonesta Hotel for
8:45 am
Continental Breakfast
9:15 am
ULF AXELSON, Stockholm Institute for Financial
Research
TIM JENKINSON,
PER STRÖMBERG, Stockholm Institute
for Financial Research and NBER
MICHAEL WEISBACH,
Leverage and Pricing in
Buyouts: An Empirical Analysis
9:45 am
TOBY STUART and SOOJIN YIM,
Board Interlocks and
the Propensity to be Targeted in Private Equity Transactions
10:15
am
Break
10:30
am
JOOST DRIESSEN, TSE-CHUN LIN and LUDOVIC PHALIPPOU,
Measuring the Risk of Private
Equity Funds: A New Approach
11:00
am
ALEXANDER PETER GROH,
OLIVER GOTTSCHALG,
Measuring the
Risk-Adjusted Performance of US Buyouts
11:30
am
Break
11:45
am
SHOURUN GUO and EDIE HOTCHKISS,
WEIHONG SONG,
Do Buyouts (Still)
Create Value?
12:15
pm
STEVE KAPLAN,
MARK KLEBANOV,
MORTEN SORENSEN,
Which CEO
Characteristics and Abilities Matter?
12:45
pm
Lunch
1:45 pm
SHARON P. KATZ,
Earnings Management and
Conservatism: The Role of Private Equity Sponsors
2:15 pm
STEVEN DAVIS,
JOHN HALTIWANGER,
RON JARMIN, Bureau of the
Census
JOSHUA LERNER,
JAVIER MIRANDA, Bureau of the
Census
Private Equity and Employment
2:45 pm
Break
3:00 pm
PHILLIP LESLIE and PAUL OYER,
Managerial Incentives and
Strategic Change: Evidence from Private Equity
3:30 pm
ALEXANDER LJUNGQVIST,
MATTHEW RICHARDSON and DANIEL
WOLFENZON,
The Investment
Behavior of Buyout Funds: Theory and Evidence
4:00 pm
Adjourn
4:15 pm
Shuttle
Vans Depart from
6:00 pm
Group
Dinner
Dante at the Royal Sonesta Hotel
10/1/07