NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

CORPORATE FINANCE PROGRAM MEETING

 

Atif Mian and Manju Puri, Organizers

 

April 25, 2008

                       

University of Chicago

                                                Gleacher Center, GSB (Downtown Chicago)

                                                                        Room 208

450 North Cityfront Plaza Drive

Chicago, IL 60611

 

PROGRAM

 

THURSDAY, APRIL 24:

 

7:00 pm            Dinner

                        InterContinental Chicago

                        Empire Room

                        505 N Michigan Avenue

                        Chicago, IL 60611

 

FRIDAY, APRIL 25:

 

8:00 am            Continental Breakfast                            

 

8:30 am            RAGHURAM RAJAN, University of Chicago and NBER

                        RODNEY RAMCHARAN, International Monetary Fund

                        Landed Interests and Financial Underdevelopment in the United States

 

                        Discussant:        SHAWN COLE, Harvard University

 

9:15 am            VOJISLAV MAKSIMOVIC, University of Maryland

                        GORDON PHILLIPS, University of Maryland and NBER

                        N.R. PHABHALA, University of Maryland

                        Post-Merger, Restructuring and the Boundaries of the Firm

                                               

                        Discussant:        MURILLO CAMPELLO, University of Illinois

                                     

10:00 am           Break

 

10:20 am           LUCIAN BEBCHUK, Harvard University and NBER

                        MARTIJN CREMERS, Yale University

                        URS PEYER, INSEAD

                        CEO Centrality

 

                        Discussant:        RAJESH AGGARWAL, University of Minnesota

 

11:05 am           ROBIN GREENWOOD, Harvard University

                        SAMUEL HANSON, Harvard University

                        JEREMY STEIN, Harvard University and NBER

                        A Gap-Filling Theory of Corporate Debt Maturity Choice

                       

                        Discussant:        ADRIANO RAMPINI, Duke University

 

11:50 am           Lunch

                        InterContinental Chicago

                        Empire Room

                        505 N Michigan Avenue

                        Chicago, IL 60611

 

1:10 pm            CHRISTOPHER MAYER, Columbia University and NBER

                        TOMASZ PISKORSKI, Columbia University

                        ALEXEI TCHISTYI, New York University

                        The Inefficiency of Refinancing:

                       Why Prepayment Penalties Are Good for Risky Borrowers

           

                        Discussant:        BRUCE CARLIN, UC, Los Angeles

 

1:45 pm            BENJAMIN KEYS, University of Michigan

                        TANMOY MUKHERJEE, Sorin Capital Management

                        AMIT SERU, University of Chicago

                        VIKRANT VIG, London Business School

                        Did Securitization Lead to Lax Screening? Evidence From Subprime Loans

 

                        Discussant:        DANIEL BERGSTRESSER, Harvard University

 

2:20 pm            Break                                      

 

2:40 pm            ATIF MIAN, University of Chicago and NBER

                        AMIR SUFI, University of Chicago

                        The Consequences of Mortgage Credit Expansion:

                        Evidence from the 2007 Mortgage Default Crisis

                       

                        Discussant:        NICHOLAS SOULELES, University of Pennsylvania and NBER

 

3:15pm             PANEL DISCUSSION:  US CREDIT MARKET CRISIS

                        Panelists: (Partial List) Douglas Diamond, Hyun Shin, Jeremy Stein

                       

4:30 pm            Adjourn

 

4/21/08