NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC. |
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Corporate
Governance |
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Lucian
Bebchuk, Organizer |
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Royal
Sonesta Hotel |
5
Cambridge Parkway |
Cambridge,
Massachusetts |
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July
29 and 30, 2004 |
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PROGRAM |
THURSDAY, JULY 29: |
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8:45 a.m. |
Coffee and Pastries |
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9:00 a.m. |
JOHN CORE, WAYNE GUAY, and
TJOMME RUSTICUS, |
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University of Pennsylvania |
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Discussant: RANDALL MORCK,
University of Alberta and NBER |
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9:50 a.m. |
K.J. MARTIJN CREMERS, Yale
University |
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VINAY NAIR, University of Pennsylvania |
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CHENYANG WEI, New York
University |
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The Impact of Shareholder
Control on Bondholders |
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Discussant: PAUL GOMPERS,
Harvard University and NBER |
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10:40 a.m. |
Break |
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11:00 a.m. |
BENJAMIN HERMALIN, UC, Berkeley |
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Discussant: OLIVER HART, Harvard
University and NBER |
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11:50 a.m. |
STUART L. GILLAN, University of
Delaware, |
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JAY C. HARTZELL and LAURA T.
STARKS, University of Texas |
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Explaining
Corporate Governance: Boards, Bylaws, and Charter Provisions |
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Discussant: PER STROMBERG,
University of Chicago and NBER |
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12:40 p.m. |
Lunch |
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1:40 p.m. |
LUCIAN BEBCHUK, Harvard
University and NBER |
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ALMA COHEN, Analysis Group |
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ALLEN FERRELL, Harvard
University |
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Corporate Governance and
Shareholder Value |
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Discussant: RAYMOND FISMAN, Columbia
University and NBER |
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2:30 p.m. |
DAVID YERMACK, New York
University |
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Corporate
Jets, CEO Perquisites, and Inferior Shareholder Returns |
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Discussant: MICHAEL WEISBACH,
University of Illinois and NBER |
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3:20 p.m. |
Break |
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3:40 p.m. |
PAUL A. GOMPERS, Harvard
University and NBER |
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JOY ISHII, Harvard University |
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ANDREW METRICK, University of
Pennsylvania and NBER |
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Incentives
vs. Control: An Analysis of U.S. Dual-Class Companies |
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Discussant: GUHAN SUBRAMANIAN,
Harvard University |
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4:30 p.m. |
BERNARD BLACK, University of
Texas |
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HASUNG JANG, Korea University |
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WOOCHAN KIM, KDI School of
Public Policy and Management |
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Predicting
Firms Corporate Governance Choices: Evidence from Korea |
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5:20 p.m. |
Adjourn |
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6:30 p.m. |
Group Dinner - Location to be
Announced |
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FRIDAY, JULY 30: |
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9:00 a.m. |
Coffee and Pastries |
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JOINT
SESSION WITH THE LAW AND ECONOMICS PROGRAM
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8:30 a.m. |
MICHAEL GREENSTONE, MIT and NBER |
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PAUL OYER, Stanford University
and NBER |
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ANNETTE VISSING-JORGENSEN,
Northwestern University and NBER |
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Mandated Disclosure, Stock
Returns, and the 1964 Securities Acts Amendments |
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Discussant: HOWARD CHANG,
University of Pennsylvania |
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9:15 a.m. |
ALLEN FERRELL, Harvard
University |
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Mandated Disclosure and Stock
Returns: |
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Evidence from the
Over-the-Counter Market |
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Discussant: JOSHUA LERNER,
Harvard University and NBER |
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CORPORATE GOVERNANCE PROGRAM |
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10:15 a.m. |
RENE STULZ, Ohio State
University and NBER |
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CRAIG DOIDGE, University of
Toronto |
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G. ANDREW KAROLYI, Ohio State
University |
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Discussant: SIMON JOHNSON, MIT |
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11:00 a.m. |
Adjourn |
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7/19/04 |
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