Authors, please upload your paper here.
NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2011
Corporate Finance Workshop
Malcolm Baker and Victoria Ivashina, Organizers
July 11 - 12, 2011
Royal Sonesta Hotel
40 Edwin H. Land Boulevard
Cambridge, Massachusetts
PROGRAM
Monday, July 11:
8:30 am		Coffee and Pastries
			ECONOMICS OF TAKEOVERS
	9:30 am		Yael Hochberg, Northwestern University and NBER Joshua Rauh, Northwestern University and NBER Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments Discussant: Lauren Cohen, Harvard University and NBER
	10:20 am		Mike Burkart, Stockholm School of Economics Denis Gromb, INSEAD Holger Mueller, New York University and NBER Fausto Panunzi, Universita Bocconi Legal Investor Protection and Takeovers Discussant: Augustin Landier, Toulouse School of Economics
	11:10 am		Ulrike Malmendier, University of California at Berkeley and NBER Marcus Opp, University of California at Berkeley Farzad Saidi, New York University Cash is King - Revaluation and the Medium of Exchange in Merger Bids Discussant: Pavel Savor, University of Pennsylvania
	12:00 n		Lunch
			FINANCE IN HISTORICAL PERSPECTIVE
	1:00 pm		Carola Frydman, Boston University and NBER Eric Hilt, Wellesley College and NBER Predators or Watchdogs? Bankers on Corporate Boards in the Early Twentieth Century Discussant: Randall Morck, University of Alberta and NBER
	1:50 pm		Konrad Burchardi, London School of Economics Tarek Hassan, University of Chicago and NBER The Economic Impact of Social Ties: Evidence from German Reunification Discussant: Antoinette Schoar, Massachusetts Institute of Technology and NBER
	2:40 pm		Break
			FINANCIAL REFORM: POLICY PROPOSALS
	3:00 pm		Wilson Ervin, Credit Suisse Bank Resolution and Too Big To Fail: Is Bail-In the Best Answer?
			David Scharfstein, Harvard University and NBER Adi Sunderam, Harvard University The Economics of Housing Reform: Privatizing, Regulating, and Backstopping Mortgage Markets Gary Gorton, Yale University and NBER Andrew Metrick, Yale University and NBER Regulating the Shadow Banking System
	4:45 pm		Adjourn
	6:00 pm		Group Dinner: Royal Sonesta Hotel – Grand Ballroom B
	Tuesday, July 12:
	8:00 am		Coffee and Pastries
			FINANCIAL CONSTRAINTS AND INVESTMENT DECISIONS
	8:30 am		Harrison Hong, Princeton University and NBER Jeffrey Kubik, Syracuse University Jose A. Scheinkman, Princeton University and NBER Financial Constraints on Corporate Goodness Discussant: Joshua Margolis, Harvard University
	9:20 am		Gregor Matvos, University of Chicago and NBER Amit Seru, University of Chicago and NBER Resource Allocation Within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates Discussant: Heitor Almeida, University of Illinois at Urbana-Champaign and NBER
	10:10 am		Break
	JOINT SESSIONS WITH RISKS OF FINANCIAL INSTITUTIONS
			DERIVATIVES
	10:30 am		Adriano Rampini, Duke University Amir Sufi, University of Chicago and NBER S. Viswanathan, Duke University Dynamic Risk Management Discussant: Stefan Nagel, Stanford University and NBER
	11:20 am		Patrick Bolton, Columbia University and NBER Martin Oehmke, Columbia University Should Derivatives be Senior? Discussant: Gustavo Manso, Massachusetts Institute of Technology
	12:10 pm		Lunch
			BANKING AND SYSTEMIC RISK
	1:10 pm		Atif R. Mian, University of California at Berkeley and NBER Joao Santos, Federal Reserve Bank of New York Liquidity Risk And Maturity Management Over The Credit Cycle Discussant: Michael Roberts, University of Pennsylvania and NBER
	2:00 pm		Markus K. Brunnermeier, Princeton University and NBER Darius Palia, Rutgers University Gang Dong, Rutgers University Bank's Non-Interest Income and Systemic Risk Discussant: Thomas Philippon, New York University and NBER
	2:50 pm		Break
	3:10 pm		Oliver D. Hart, Harvard University and NBER Luigi Zingales, University of Chicago and NBER Inefficient Provision of Inside Money by Banks Discussant: Douglas Gale, New York University
	4:00 pm		Adjourn