NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC. |
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SUMMER INSTITUTE 2005 |
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Corporate Finance |
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Jeremy Stein and
Steven Kaplan, Organizers |
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Royal Sonesta Hotel |
5 Cambridge Parkway |
Cambridge, Massachusetts |
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PRELIMINARY
PROGRAM |
MONDAY, AUGUST 1: |
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8:30 am |
Coffee and Pastries |
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SESSION 1: |
Corporate Governance |
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9:00 am |
AUGUSTIN LANDIER, New York
University |
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DAVID SRAER, CREST-INSEE |
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DAVID THESMAR, ENSAE-CREST |
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Discussant: VINAY NAIR,
University of Pennsylvania |
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9:50 am |
ULRIKE MALMENDIER, Stanford
University and NBER |
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GEOFFREY TATE, University of
Pennsylvania |
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Superstar CEOs |
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Discussant: LUIGI ZINGALES,
University of Chicago and NBER |
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10:40 am |
Break |
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11:00 am |
ULF AXELSON, Stockholm
Institute for Financial Research |
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PER STROMBERG, University of
Chicago and NBER |
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MICHAEL WEISBACH, University
of Illinois and NBER |
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Why Are Buyouts Leveraged? The Financial Structure of Private Equity
Funds |
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Discussant: ANTOINETTE SCHOAR,
MIT and NBER |
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11:50 am |
Lunch |
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SESSION 2: |
Capital Structure |
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1:00 pm |
VIRAL ACHARYA, London Business
School |
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HEITOR ALMEIDA, New York
University and NBER |
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MURILLO CAMPELLO, University
of Illinois |
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Is Cash Negative Debt? A Hedging Perspective on Corporate Financial
Policies |
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Discussant: MALCOLM BAKER,
Harvard University and NBER |
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1:50 pm |
JOHN GRAHAM, Duke University |
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ALAN TUCKER, Pace University |
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Discussant: MIHIR DESAI,
Harvard University and NBER |
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2:40 pm |
Break |
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3:00 pm |
GORDON PHILLIPS, University of
Maryland and NBER |
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ARMANDO GOMES, University of
Pennsylvania |
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Discussant: JEFFREY WURGLER,
New York University and NBER |
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3:50 pm |
SERGEY CHERNENKO, Harvard University |
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MICHAEL FAULKENDER and TODD MILBOURN,
Washington University |
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Why Are Firms Using Interest Rate Swaps to Time the Yield Curve? |
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Discussant: BERNADETTE MINTON,
Ohio State University |
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4:40 pm |
Adjourn |
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6:00 pm |
Clambake, Harvard Faculty Club,
20 Quincy Street, Cambridge, MA |
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TUESDAY, AUGUST 2: |
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8:00 am |
Coffee and Pastries |
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SESSION 3: |
Banking |
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8:30 am |
ASIM IJAZ KHWAJA, Harvard
University |
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ATIF MIAN, University of
Chicago |
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Discussant: DAVID SCHARFSTEIN, Harvard University and
NBER |
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9:20 am |
MARIASSUNTA GIANNETTI,
Stockholm School of Economics |
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STEVEN ONGENA, Norwegian
School of Management |
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Discussant: PHILIP STRAHAN, Boston College and NBER |
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10:10 am |
Break |
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10:25 am |
JOSE LIBERTI, London Business
School |
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Discussant: MITCH PETERSEN, Northwestern University
and NBER |
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SESSION 4: |
Liquidity Constraints |
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11:15 am |
ANDREA EISFELDT and ADRIANO RAMPINI, Northwestern University |
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Discussant: JOSH RAUH,
University of Chicago and NBER |
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12:05 pm |
Lunch |
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1:10 pm |
JOSH COVAL, Harvard University
and NBER |
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ERIK STAFFORD, Harvard
University |
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Asset Fire Sales (and Purchases) in Equity Markets |
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Discussant: ANDREW METRICK,
University of Pennsylvania and NBER |
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SESSION 5: |
Explorations in Finance |
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2:00 pm |
MANJU PURI, Duke University
and NBER |
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DAVID ROBINSON, Duke
University |
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Discussant: PAOLA SAPIENZA,
Northwestern University and NBER |
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2:50 pm |
Break |
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3:10 pm |
SENDHIL MULLAINATHAN and
ANDREI SHLEIFER, |
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Harvard University and NBER |
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Persuasion in Finance |
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Discussant: OWEN LAMONT, Yale
University and NBER |
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4:00 pm |
Adjourn |
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7/5/05 |
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