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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

                         

 

CORPORATE FINANCE PROGRAM MEETING

 

 

 

Christian Leuz and Morten Sorensen, Organizers

 

 

 

November 20, 2009

 

 

 

Royal Sonesta Hotel

 

Park View Room

 

40 Edwin Land Boulevard

 

Cambridge, Massachusetts

 

 

 

PROGRAM

 

 

 

THURSDAY, NOVEMBER 19, 2009

 

 

6:30 pm

Dinner

 

Bambara Restaurant at Hotel Marlowe 

 

25 Edwin H. Land Boulevard (Across the street from Royal Sonesta Hotel)

 

Cambridge, MA

 

 

FRIDAY, NOVEMBER 20, 2009

 

 

8:00 am

Continental Breakfast

 

 

 

BANKING AND INFORMATION

 

 

8:30 am

TODD GORMLEY, University of Pennsylvania

 

BONG H. KIM and XIUMIN MARTIN, Washington University of St. Louis

 

Can Firms Adjust Their Opaqueness to Lenders? Evidence from Foreign Bank Entry into India

 

 

 

Discussant:       ANNE BEATTY, Ohio State University

 

 

9:20 am

DANIEL PARAVISINI, Columbia University

 

HANNAH LIN, International Monetary Fund

 

What's Bank Reputation Worth? The Effect of Fraud on Financial Contracts and Investment

 

 

 

Discussant:       ATIF MIAN, University of Chicago and NBER

 

 

10:10 am

Break

 

 

 

CAPITAL STRUCTURE

 

 

10:30 am

MICHAEL R. ROBERTS, University of Pennsylvania

 

MARK LEARY, Cornell University

 

Do Peer Firms Affect Corporate Financial Policy?

 

 

 

Discussant:       ULRIKE MALMENDIER, UC, Berkeley and NBER

 

 

11:20 pm

IVO WELCH, Brown University and NBER

 

PETER ILIEV, Pennsylvania State University

 

How Quickly Do Firms Readjust Capital Structure?

 

 

 

Discussant:       ILYA A. STREBULAEV, Stanford University

 

 

12:10 pm

Lunch- Room Charles B

 

 

 

PRICES AND CORPORATE DECISIONS

 

 

1:10 pm

ITAY GOLDSTEIN, University of Pennsylvania

 

EMRE OZDENOREN and KATHY YUAN, University of Michigan

 

Trading Frenzies and Their Impact on Real Investment

 

 

 

Discussant:       HARESH SAPRA, University of Chicago

 

 

 

CAPITAL STRUCTURE AND LABOR

 

 

2:00 pm

ELENA SIMINTZI, VIKRANT VIG, and PAOLO VOLPIN, 

 

                                                                                        London Business School

 

Labor and Capital: Is Debt a Bargaining Tool?

 

 

 

Discussant:       DAVID MATSA, Northwestern University

 

 

2:50 pm

Break

 

 

3:10 pm

EFRAIM BENMELECH, Harvard University and NBER

 

NITTAI BERGMAN, MIT and NBER

 

Negotiating with Labor Under Financial Distress

 

 

 

Discussant:       JOSHUA RAUH, Northwestern University and NBER

 

 

4:00 pm

Adjourn

 

 

11/11/09