NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. |
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SUMMER INSTITUTE 2006 |
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Corporate Governance Project
Workshop |
(joint meeting with the Law and
Economics Program) |
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Lucian Bebchuk, Organizer |
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July 31, 2006 |
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Royal Sonesta Hotel |
Charles AB & Parkview Room |
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PRELIMINARY PROGRAM |
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SUNDAY, JULY 30: |
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6:30 pm |
Group
Dinner |
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MONDAY, JULY 31 |
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8:30 am |
Coffee
and pastries |
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MANAGEMENT TURNOVER |
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9:00 am |
STEVEN
KAPLAN, |
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BERNADETTE
MINTON, |
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How Has CEO
Turnover Changed? Increasingly
Performance Sensitive Boards and Increasingly Uneasy CEOs |
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Discussant:
STUART GILLAN, |
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9:50 am |
DIRK
JENTER, MIT and NBER |
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FADI
KANAAN, MIT |
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Discussant:
JARAD HARFORD, |
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10:40 am |
Break |
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EXECUTIVE COMPENSATION |
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11:00 am |
VIDHI
CHHAOCHHARI, The World Bank |
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YANIV
GRINSTEIN, |
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Discussant:
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11:50 am |
XAVIER
GABAIX, MIT and NBER |
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AUGUSTIN
LANDIER, |
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Discussant:
JEREMY STEIN, |
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12:40 pm |
Lunch |
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SHAREHOLDER ACTIVISM |
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1:40
pm |
MICHAEL
BRADLEY and ALON BRAV, |
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ITAY
GOLDSTEIN, |
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WEI
JIANG, |
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Costly Communication, Shareholder
Activism, and Limits to Arbitrage |
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Discussant:
RONALD MASULIS, |
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2:30 pm |
MARCO
BECHT, Université Libre de Bruxelles |
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JULIAN
FRANKS, |
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COLIN
MAYER, |
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STEFANO
ROSSI, |
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Returns to
Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus
Fund |
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Discussant:
ANDREW METRICK, |
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3:20 pm |
Break |
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DETECTING MISBEHAVIOR |
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3:40 pm |
RANDAL A.
HERON, |
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ERIK LIE,
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Does Backdating Explain the Stock
Price Pattern around Executive Stock Option Grants? |
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Discussant:
JOHN CORE, |
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4:30 pm |
ALEXANDER
DYCK, |
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ADAIR
MORSE, |
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LUIGI
ZINGALES, |
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Who Blows the Whistle on Corporate
Fraud? |
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Discussant:
JOHN DONOHUE, Yale University and NBER |
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5:20 pm |
Adjourn |
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6/2/06 |
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