NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



CORPORATE FINANCE PROGRAM MEETING

Raghuram G. Rajan, Organizer



March 30, 2007

University of Chicago

Gleacher Center, GSB (Downtown Chicago)

Room 306

450 North Cityfront Plaza Drive

Chicago, IL 60611



PROGRAM



FRIDAY, MARCH 30:



8:00 AM Continental Breakfast



8:30 AM MORTEN BENNEDSEN, University of Copenhagen and CEBR

FRANCISCO PEREZ-GONZALEZ, Columbia University

DANIEL WOLFENZON, New York University and NBER

Do CEOs Matter?



Discussant: ANTOINETTE SCHOAR, MIT and NBER



9:20 AM GREG NINI, Board of Governors

DAVID C. SMITH, University of Virginia

AMIR SUFI, University of Chicago

Creditor Control Rights and Firm Investment Policy



Discussant: MATIAS BRAUN, UC, Los Angeles



10:10 AM Break

10:30 AM YAEL V. HOCHBERG, Northwestern University

PAOLA SAPIENZA and ANNETTE VISSING-JORGENSEN, Northwestern University

and NBER

A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002



Discussant: MORTEN SORENSEN, University of Chicago



11:20 AM ANDREW HERTZERG and JOSE MARIA LIBERTI, Northwestern University

DANIEL PARAVISINI, Columbia University

Information and Incentives Inside the Firm: Evidence from Loan Officer Rotation



Discussant: ULRIKE MALMENDIER, UC, Berkeley and NBER



12:10 PM Lunch- Room 621



1:10 PM LUCIAN BEBCHUK, Harvard University and NBER

Post Lunch Speech

Lucky CEOs

and

Lucky Directors

(Joint with Yaniv Grinstein and Urs Peyer) Over, Please!

CORPORATE FINANCE PROGRAM, PAGE 2:



1:40 PM EFRAIM BENMELECH, Harvard University and NBER

NITTAI K. BERGMAN, MIT

Liquidation Values and the Credibility of Financial Contract Renegotiation:

Evidence from U.S. Airlines

Discussant: BILGE YILMAZ, University of Pennsylvania



2:30 PM Break

2:50 PM BO BECKER and ZORAN IVKOVICH, University of Illinois

SCOTT WEISBENNER, University of Illinois and NBER

Local Dividend Clienteles



Discussant: CHRISTIAN LEUZ, University of Chicago



3:40 PM ASIM IJAZ KHWAJA, Harvard University

ATIF MIAN, University of Chicago and NBER

ABID QAMAR, State Bank of Pakistan

The Value of Business Networks

Discussant: KRISHNAMURTHY SUBRAMANIAN, Emory University



4:30 PM Adjourn



6:00 PM Joint Reception/Dinner

University of Chicago

Gleacher Center

Room 621

450 North Cityfront Plaza Drive

Chicago, IL 60611



3/20/07