Full papers appear
on line only. Authors 10-page
summaries will be available at the meeting |
|
Authors, please upload your paper here. |
|
|
|
|
|
NATIONAL BUREAU OF
ECONOMIC RESEARCH, INC. |
|
|
|
|
|
SUMMER INSTITUTE 2009 |
|
|
|
|
|
Corporate Finance Workshop |
|
|
|
|
|
Raghuram G. Rajan and Amir Sufi, Organizers |
|
|
|
|
|
July 6-7, 2009 |
|
|
|
|
|
Royal Sonesta Hotel |
|
|
Ballroom A |
|
|
|
|
|
|
|
|
|
|
|
PROGRAM |
|
|
|
|
|
MONDAY,
JULY 6: |
||
|
|
|
8:30 am |
Coffee
and Pastries |
|
|
|
|
|
Session: Disclosure |
|
|
|
|
9:00 am |
CHRISTIAN
LEUZ, |
|
|
CATHERINE
SCHRAND, |
|
|
Disclosure and the Cost of Capital:
Evidence from Firms Responses to the Enron Shock |
|
|
|
|
|
Discussant: PAOLA SAPIENZA, Northwestern University |
|
|
|
|
10:00
am |
Break |
|
|
|
|
|
Session: Corporate
Theory |
|
|
|
|
10:20
am |
OLIVER
HART, |
|
|
BENGT HOLMSTROM, MIT and NBER |
|
|
||
|
|
|
|
Discussant: DOUGLAS DIAMOND, |
|
|
|
|
11:10
am |
ULF
AXELSON, |
|
|
PHILIP
BOND, |
|
|
||
|
|
|
|
Discussant: CAMELIA KUHNEN, Northwestern University |
|
|
|
|
12:00
pm |
Lunch |
|
|
|
|
1:20 pm |
Session: Corporate
Debt |
|
|
|
|
|
DARREN
KISGEN, |
|
|
PHILIP
STRAHAN, |
|
|
Do Regulations Based on
Credit Ratings Affect a Firms Cost of Capital? |
|
|
|
|
|
ANDREW
ELLUL, |
|
|
CHOTIBHAK
LOTIKASTHIRA, |
|
|
CHRISTIAN
LUNDBLAD, |
|
|
Regulatory Pressure and Fire Sales
in the Corporate Bond Market |
|
|
|
|
|
Discussant
for both papers: MICHAEL ROBERTS, |
|
|
|
|
2:30 pm |
Break |
|
|
|
|
2:50 pm |
Session: Sovereign
Wealth Funds |
|
|
|
|
|
NUNO
FERNANDES, IMD |
|
|
Sovereign Wealth Funds: Investment Choices and
Implications around the World |
|
|
|
|
|
SHAI
BERNSTEIN, |
|
|
JOSH
LERNER, |
|
|
ANTOINETTE SCHOAR, MIT and NBER |
|
|
||
|
|
|
|
Discussant
for both papers: RANDALL MORCK, |
|
|
|
|
4:00 pm |
Session: Behavioral
Corporate Finance |
|
|
|
|
|
MALCOLM
BAKER, |
|
|
XIN
PAN, |
|
|
JEFFREY
WURGLER, |
|
|
||
|
|
|
|
Discussant: GORDON PHILLIPS, |
|
|
|
|
4:50 pm |
Adjourn |
|
|
|
|
TUESDAY,
JULY 7: |
||
|
|
|
8:20 am |
Coffee
and Pastries |
|
|
|
|
|
Session: Corporate
Governance |
|
|
|
|
8:50 am |
ASHWINI
AGRAWAL, |
|
|
The Impact of Investor Protection Law on Corporate
Policy: Evidence from the Blue Sky Laws |
|
|
|
|
|
Discussant: DIRK JENTER, |
|
|
|
|
9:40 am |
FRANCESCA
CORNELLI, |
|
|
ZBIGNIEW
KOMINEK, European Bank for Reconstruction and Development |
|
|
ALEXANDER
LJUNGQVIST, |
|
|
||
|
|
|
|
Discussant: DANIEL PARAVISINI, |
|
|
|
|
10:30
am |
Break |
|
|
|
|
10:50
am |
Session: Household
Finance |
|
|
|
|
|
ALBERTO
ALESINA, |
|
|
FRANCESCA
LOTTI, Bank of |
|
|
PAOLO
EMILIO MISTRULLI, Bank of |
|
|
||
|
|
|
|
MARIANNE
BERTRAND, |
|
|
ADAIR
MORSE, |
|
|
Information
Disclosure, Cognitive Biases, and Payday Borrowing (not online) |
|
|
|
|
|
Discussant
for both papers: SHAWN COLE, |
|
|
|
|
12:00
n |
Adjourn |
|
|
|
|
1:15 pm |
Project
on Market Institutions and Financial Market Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6/20/09 |
|
|
|
|
|