NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



CORPORATE FINANCE PROGRAM MEETING

Andrei Shleifer, Organizer



NOVEMBER 10, 2006

Royal Sonesta Hotel

Riverfront Room

5 Edwin H. Land Boulevard

Cambridge, Massachusetts



PROGRAM



THURSDAY, NOVEMBER 9:



6:30 PM Dinner

Legal Sea Food Restaurant

Kendall Square

5Cambridge Center

Cambridge, MA



FRIDAY, NOVEMBER 10:



8:30 PM Continental Breakfast



9:00 AM CAMELIA KUHNEN, Northwestern University

JEFFREY ZWIEBEL, Stanford University

Executive Pay, Hidden Compensation, and Managerial Entrenchment

Discussant: XAVIER GABAIX, MIT and NBER



9:50 AM JIN XU, University of Chicago

What Determines Capital Structure? Evidence from Import Competition



Discussant: MICHAEL WEISBACH, University of Illinois and NBER



10:40 AM Break



11:00 AM BART LAMBRECHT, University of Lancaster

STEWART MYERS, MIT

Debt and Managerial Rents in a Real-Options Model of the Firm

Discussant: DOUGLAS DIAMOND, University of Chicago and NBER



12:00 N Lunch- Somerset Room



1:00 PM DOUGLAS BAIRD, University of Chicago

ARTURO BRIS, Yale University

NING ZHU, UC, Davis

The Dynamics of Large and Small Chapter 11 Case:

An Empirical Study



Discussant: MICHELLE WHITE, UC, San Diego and NBER

Over, Please!

CORPORATE FINANCE PROGRAM, PAGE 2:



1:50 PM NICOLA GENNAIOLI, Stockholm University

STEFANO ROSSI, Stockholm School of Economics

Optimal Resolutions of Financial Distress by Contract



Discussant: KENNETH AYOTTE, Columbia University



2:40 PM Break



3:00 PM SIMEON DJANKOV and CARALEE MCLIESH, World Bank

OLIVER HART and ANDREI SHLEIFER, Harvard University and NBER

Debt Enforcement Around the World

Discussant: DAVID SCHARFSTEIN, Harvard University and NBER



3:50 PM Adjourn



10/27/06