NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2005

Corporate Governance Project Workshop

Lucian Bebchuk, Organizer

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 28-29, 2005

PRELIMINARY PROGRAM

THURSDAY, JULY 28:
6:00 pm	Group Dinner
	Davio’s Restaurant
	Royal Sonesta Hotel
	Cambridge, MA
FRIDAY, JULY 29:
8:30 am	Coffee and Pastries
	CEOs
9:00 am	VINAY B. NAIR, University of Pennsylvania
	Corporate Governance and Internal Organization
	Discussant: MARIASSUNTA GIANNETTTI, Stockholm School of Economics
9:50 am	MICHAEL JENSEN, Harvard University and NBER
	KEVIN J. MURPHY, University of Southern California
	ERIC WRUCK, Econalytics
	CEO Pay . . . and How to Fix It
	Discussant: DAVID SCHARFSTEIN, Harvard University and NBER
10:40 am	Break
	Investor Protection
11:00 am	LUCIAN BEBCHUK, Harvard University and NBER
	ZVIKA NEEMAN, Boston University
	A Political Economy Model of Corporate Governance
	Discussant: STEWART MYERS, MIT and NBER
11:50 am	MEGHANA AYYAGARI, George Washington University
	ASLI DEMIRGÜÇ-KUNT, The World Bank
	VOJISLAV MAKSIMOVIC, University of Maryland
	How Well Do Institutional Theories Explain Firms’ Perceptions of Property Rights?
	Discussant: RANDALL MORCK, University of Alberta and NBER
12:40 pm	Lunch
	Corporate Governance and Firm Value
1:40 pm	AMY DITTMAR, University of Michigan
	JAN MAHRT-SMITH, University of Toronto
	Corporate Governance and the Value of Cash Holdings
	Discussant: LI JIN, MIT
2:30 pm	LUBOMIR P. LITOV, New York University
	Corporate Governance and Financing Policy: New Evidence
	Discussant: ALLEN FERRELL, Harvard University
3:20 pm	Break
	Boards
3:40 pm	MILTON HARRIS, University of Chicago
	ARTUR RAVIV, Northwestern University
	A Theory of Board Control and Size
	Discussant: RAVI SINGH, Harvard University
4:30 pm	A. BURAK GÜNER, Stanford University
	ULRIKE MALMENDIER, Stanford University and NBER
	GEOFFREY TATE, University of Pennsylvania
	The Impact of Boards with Financial Expertise on Corporate Policies
	Discussant: KRISHNA PALEPU, Harvard University
5:20 pm	Adjourn