26th NBER-TCER-CEPR
June 22, 2017
Tokyo, Japan

Thursday, June 22

9:14 am

Chair: TBA

9:15 am

International Evidence on Firm Level Decisions in Response to the Crisis: Shareholders vs. Other Stakeholders

Franklin Allen, Imperial College London
Elena Carletti, Bocconi University
Yaniv Grinstein, Cornell University

10:15 am

Coffee Break

10:29 am

Chair: TBA

10:30 am

Biased Monitors: Corporate Governance When Managerial Ability is Mis-assessed

Benjamin E. Hermalin, University of California

11:30 am

Enjoying the Quiet Life: Corporate Decision-Making by Entrenched Managers

Kotaro Inoue, Tokyo Institute of Technology
Naoshi Ikeda, Tokyo Institute of Technology
Sho Watanabe, Tokyo Institute of Technology

12:30 pm

Lunch

1:29 pm

Chair: TBA

2:30 pm

Changes in Corporate Governance and President Turnover: The Evidence from Japan

Hideaki Miyajima, Waseda University
Ryo Ogawa, Chiba University of Commerce
Takuji Saito, Keio University

3:30 pm

Coffee Break

3:44 pm

Chair: TBA

3:45 pm

Decline of Bank-Led Restructuring in Japan: 1980-2010

Takeo Hoshi, The University of Tokyo

5:45 pm

Adjourn

6:30 pm

Dinner