MONDAY, JULY 30

 

 

 

8:45 am

CG

MARCO BECHT, Free University of Brussels

 

 

JULIAN FRANKS, London Business School

 

 

COLIN MAYER, University of Oxford

 

 

STEFANO ROSSI, Stockholm School of Economics

 

 

Returns to Shareholder Activism: Evidence from a Clinical Study of the Herms U.K. Focus Fund

 

 

 

8:45 am

CG

CHRISTIAN LEUZ, University of Chicago

 

 

KARL LINS, Utah University

 

 

FRANCIS E. WARNOCK, University of Virginia and NBER

 

 

Do Foreigners Invest Less in Poorly Governed Firms?

 

 

 

 9:30 am

ITI

DENNIS NOVY, University of Warwick

 

 

Is the Iceberg Melting Less Quickly? International Trade Costs after WWII

 

 

 

10:35 am

CG

STEVEN KAPLAN and JOSHUA RAUH, University of Chicago and NBER

 

 

Street and Main Street: What Contributes to the Rise in the Highest Incomes?

 

 

 

10:35 am 

CG

ENRICHETTA RAVINA, New York University

 

 

PAOLA SAPIENZA, Northwestern University and NBER

 

 

What Do Independent Directors Know? Evidence from Their Trading

 

 

 

 

 

PAUL GOMPERS, Harvard University and NBER

11:00 am

ITI

JOY ISHII, Stanford University

 

 

ANDREW METRICK, University of Pennsylvania and NBER

 

 

Extreme Governance: An Analysis of Dual-Class Firms in the United States

 

 

 

1:00 pm

ITI

GUY MICHAELS, London School of Economics

 

 

The Long Term Consequences of Regional Specialization

 

 

 

2:00 pm

CG

REENA AGGARWAL, Georgetown University

 

 

ISIL EREL, Ohio State University

 

 

RENE M. STULZ, Ohio State University and NBER

 

 

ROHAN WILLIAMSON, Georgetown University

 

 

Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth

 

 

 

 2:30 pm

ITI

VALENTINA BRUNO, The World Bank

 

 

STIJN CLAESSENS, University of Amsterdam

 

 

Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?

 

 

 

3:50 pm

 

CG

FRANKLIN ALLEN, University of Pennsylvania

 

 

ELENA CARLETTI, Center for Financial Studies

 

 

ROBERT MARQUEZ, Arizona State University

 

 

Stakeholder Capitalism, Corporate Governance and Firm Value

 

 

 

3:50 pm

CG

LUCIAN BEBCHUK, Harvard University and NBER

 

 

ZVIKA NEEMAN, Tel-Aviv University

 

 

Investor Protection and Interest Group Politics

 

 

 

TUESDAY, JULY 31:

 

 

 

9:00 am

CF

OLIVER HART, Harvard University and NBER

 

 

Hold-up, Asset Ownership, and Reference Points

 

 

 

 9:30 am

ITI

LAURA ALFARO, Harvard University

 

 

ANDREW CHARLTON, London School of Economics

 

 

Intra-Industry FDI

 

 

 

9:50 am

CF

ALEX EDMANS, University of Pennsylvania

 

 

XAVIER GABAIX, New York University and NBER

 

 

AUGUSTIN LANDIER, New York University

 

 

A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

 

 

 

11:00 am

CF

VICTORIA IVASHINA, Harvard University

 

 

ZHENG SUN, UC, Irvine

 

 

Institutional Stock Trading on Loan Market Information

 

 

 

11:00 am

ITI

AMIT KHANDELWAL, Yale University

 

 

The Long and Short of Quality Ladders

 

 

 

1:00 pm

CF

RAN DUCHIN, JOHN G. MATSUSAKA, and OGUZHAN OZBAS, University of Southern California

 

 

When are Outside Directors Effective

 

 

 

 1:00 pm

ITI

MARC MUENDLER, UC, San Diego

 

 

Labor Re-Allocation in Response to Trade Reform

 

 

 

1:50 pm

CF

CRAIG DOIDGE, University of Texas

 

 

G. ANDREW KAROLYI, Ohio State University

 

 

RENE STULZ, Ohio State University and NBER

 

 

Has New York Become Less Competitive in Global Markets?: Evaluating Foreign Listing Changes Over Time

 

 

 

 2:30 pm

ITI

HALE UTAR, University of Colorado at Boulder

 

 

Import Competition and Employment Dynamics

 

 

 

3:00 pm 

CF

ANDREW METRICK, University of Pennsylvania and NBER

 

 

AYAKO YASUDA, University of Pennsylvania

 

 

The Economics of Private Equity Funds

3:50 pm

CF

ANTOINETTE SCHOAR, MIT nd NBER

 

 

CEO Careers and Style

 

 

 

WEDNESDAY, AUGUST 1:

 

 

 

8:30 am

CF

STEWART MYERS, MIT and NBER

 

 

ISIL EREL, Ohio State University

 

 

JAMES A. READ, The Brattle Group

 

 

Capital Allocation

 

 

 

9:20 am

CF

MARK CAREY and MICHAEL GORDY, Federal Reserve Board

 

 

The Bank as Grim Reaper: Debt Composition and Recoveries of Defaulted Debt

 

 

 

 9:30 am

ITI

COSTAS ARKOLAKIS, University of Minnesota

 

 

Market Access Costs and the New Consumers Margin in International Trade

 

 

 

10:20 am

CF

GERARD HOBERG, University of Maryland

 

 

GORDON PHILLIPS, University of Maryland and NBER

 

 

Real and Financial Industry Booms and Busts

 

 

 

11:00 am

ITI

NATALIA RAMONDO, University of Texas at Austin

 

 

Size, Geography and Multinational Production

 

 

 

11:20 am

CF

DAVID MATSA, Northwestern University

 

 

Operating Under a Liquidity Crunch: The Impact of LBOs on Product Availability in the Supermarket Industry

 

 

 

1:00 pm

ITI

HOLGER BREINLICH, University of Essex

 

 

Trade Liberalization and Industrial Restructuring through M&A

 

 

 

1:10 pm 

CF

JOSH RAUH, University of Chicago and NBER

 

 

The Effects of Financial Conditions on Capital Investment and Financing: Evidence from Variation in Pension Fund Asset Performance

 

 

 

2:00 pm

CF

JULES H. VAN BINSBERGEN, Duke University

 

 

JOHN GRAHAM, Duke University and NBER

 

 

JIE YANG, Duke University

 

 

The Cost of Debt

 

 

 

 2:30 pm

ITI

PAULA BUSTOS, Universitat Pompeu Fabra

 

 

Multilateral Trade Liberalization, Exports and Technology Upgrading: Evidence on the Impact of Mercosur on Argentinian Firms

 

 

 

THURSDAY, AUGUST 2:

 

 

 

 9:30 am

ITI

DOUGLAS IRWIN, Dartmouth College and NBER

 

 

Trade Restrictiveness and Deadweight Losses from U.S. Tariffs, 1859-1961

 

 

 

11:00 am

ITI

GIOVANI PERI, UC, Davis and NBER

 

 

CHAD SPARBER, Colgate University

 

 

Comparative Advantage and Gains from Immigration