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

A Theory of Partnerships

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

Price Pressure Around Mergers



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

The Euro Is Good After All:

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

Courts: the Lex Mundi Project



Discussant: ATIF MIAN, University of Chicago



2:45 PM Adjourn



7/17/02