NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2002
CORPORATE FINANCE
Marianne Bertrand and Sendhil Mullainathan, Organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
August 5 and 6, 2002
PRELIMINARY PROGRAM
MONDAY, AUGUST 5:
8:00 AM Coffee and Pastries
8:30 AM PAUL ASQUITH, MIT and NBER
ANNE BEATTY, Pennsylvania State University
JOSEPH WEBER, MIT
Performance Pricing in Debt Contracts
Discussant: DANIEL WOLFENZOHN, New York University
9:45 AM Break
10:00 AM KEVIN J. MURPHY, University of Southern California
PAUL OYER, Stanford University
Discretion in Executive Contracts: Theory and Evidence
Discussant: BELEN VILLALONGA, Harvard University
11:15 AM JONATHAN LEVIN and STEVE TADELIS, Stanford University
Discussant: DENIS GROMB, London School of Business
12:30 PM Lunch
1:30 PM LUCIAN BEBCHUK and OLIVER HART, Harvard University and NBER
Takeover Bids vs. Proxy Fights in Contests for Corporate Control
Discussant: ANDREW METRICK, University of Pennsylvania and NBER
2:45 PM Break
3:00 PM MARK MITCHELL, Harvard University
TODD PULVINO, Northwestern University
ERIK STAFFORD, Harvard University
Discussant: DIRK JENTER, MIT
4:15 PM Adjourn
6:00 PM Clambake
Harvard Faculty Club
20 Quincy Street
Cambridge, MA
TUESDAY, AUGUST 6:
8:00 AM Coffee and Pastries
8:30 AM WILLIAM M. GENTRY, Columbia University and NBER
CHRISTOPHER J. MAYER, University of Pennsylvania
Stock Prices and Fundamental Value: What Drives the Investment and Capital Structure of Real Estate Investment Trusts
Discussant: AUGUSTIN LANDIER, University of Chicago
9:45 AM Break
10:00 AM ARTURO BRIS, Yale University
YRJO KROSKINEN, Stockholm School of Economics
MATTIAS NILSSON, Yale University
Corporate Evidence
Discussant: MALCOLM BAKER, Harvard University and NBER
11:15 AM KATHY S. HE, University of Alberta
RANDALL MORCK, University of Alberta and NBER
BERNARD YEUNG, New York University
Corporate Stability and Economic Growth
Discussant: RAY FISMAN, Columbia University and NBER
12:30 PM Lunch
1:30 PM SIMEON DJANKOV, World Bank
RAFAEL LAPORTA, Harvard University and NBER
FLORENCIO LOPEZ-DE-SILANES, Yale University and NBER
ANDREI SHLEIFER, Harvard University and NBER
Discussant: ATIF MIAN, University of Chicago
2:45 PM Adjourn
7/17/02