Fifth Annual Conference on Corporate Finance

FIFTH ANNUAL CONFERENCE ON CORPORATE FINANCE
October 30-31, 2008

Program Schedule

Wednesday, October 29, 2008

6:30 p.m. - Reception at the Knight Center Pub

Thursday, October 30, 2008

8:30 a.m. - Continental Breakfast

Session 1:

Chair: Anjan V. Thakor (Washington University in St. Louis)

9:00 - 9:45 "Love & Loans: The Effect of Beauty and Personal Characteristics in Credit Markets" by Enrichetta Ravina (Columbia University)
Discussant: David Matsa (Northwestern University)

9:45 - 10:30 "Collateral, Financial Intermediation, and Distribution of Debt Capacity" by Adriano Rampini (Duke University) and S. Viswanathan (Duke University)
Discussant: Christine Parlour (University of California-Berkeley)

10:30 - 11:00 Break

Session 2:

Chair: Andrew Ellul (Indiana University)

11:00-11:45 "Renegotiation of Financial Contracts: Evidence from Private Credit Agreements" by Michael Roberts (University of Pennsylvania) and Amir Sufi (University of Chicago)
Discussant: Vijay Yerramilli (Indiana University)

11:45-12:30 "Lending Relationship and Information Rents: Do Banks Exploit their Information Advantages?" by Carola Schenone (University of Virginia)
Discussant: Ayako Yasuda (University of Pennsylvania)

12:30 - 2:00 Lunch

Session 3:

Chair: Eliezer Fich (Drexel University)

2:00-2:45 "The Effect of Trading Commissions on Analysts" by Anne Beyer (Stanford University) and Ilan Guttman (Stanford University)
Discussant: Robert Marquez (Arizona State University)

2:45-3:30 "Pyramids: Empirical Evidence on the Costs and Benefits of Family Business Groups" by Peter Kien Pham (University of New South Wales), Ron Masulis (Vanderbilt University) and Jason Zein (University of New South Wales)
Discussant: Vikram Nanda (Arizona State University)

3:30 - 4:00 Break

Session 4:

Chair: Todd Milbourn (Washington University in St. Louis)

4:00-5:30 Short presentations of early ideas: Todd Gormley (Washington University in St. Louis), Christine Parlour (University of California-Berkeley), Natalia Reisel (Southern Methodist University), Radhakrishnan Gopalan (Washington University in St. Louis), Teodora Paligorova (Bank of Canada), David Goldreich (University of Toronto), Jacob Sagi (Vanderbilt University) and Eliezer Fich (Drexel Univeristy)

6:15 Dinner - Top of the Riverfront Restaurant

Friday, October 31, 2008

8:00 a.m. - Continental Breakfast

Session 5:

Chair: Jacob Sagi (Vanderbilt University)

8:30-9:15 "Takeover Activity and Target Valuation: Evidence of Feedback in Financial Markets" by Alex Edmans (University of Pennsylvania), Itay Goldstein (University of Pennsylvanian) and Wei Jiang (Columbia University)
Discussant: Thomas Bates (University of Arizona)

9:15-10:00"The New Game in Town: Competitive Effects of IPOs" by Scott Hsu (University of North Caroling), Adam Reed (University of North Carolina) and Jörg Rocholl (European School of Management and Technology)
Discussant: David Goldreich (University of Toronto)

10:00-10:30 Break

Session 6: Current Issues Facing Financial Markets

10:30-11:15 "Economic Principles and the Financial 'Crisis', Lessons and Challenges," Chester Spatt (Carnegie Mellon University and former Chief Economis and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission)

11:15-12:00 Panel and Discussion: Stuart Greenbaum (Washington University in St. Louis), Chester Spatt (CMU), Anjan Thakor (Washington University in St. Louis) and Murray Weidenbaum (Washington University in St. Louis)

12:00-1:30 Lunch

Session 7:

Chair: Murillo Campello (University of Illinois at Urbana-Champaign)

1:30-2:15 "Firm Boundaries in the New Economy: Theory and Evidence" by Krishnamurthy Subramanian (Emory University)
Discussant: Eitan Goldman (Indiana University)

2:15-3:00 "Do Cultural Differences between Contracting Parties Matter? Evidence from Syndicated Bank Loans" by Mariassunta Giannetti (Stockholm School of Economics) and Yishay Yafeh (Hebrew University)
Discussant: Sreedhar Bharath (University of Michigan)

Adjourn