Thursday, November 8, 2012
Session 1: Opening Reception and Keynote Address by James Bullard
5:30 pm - 6:30 pm Opening Reception - Room 340 Charles F. Knight Center
6:30 pm - 8:30 pm "Where is the U.S. Economcy Heading? Analysis & Outlook for Economic Activity and the
Fed's Monetary Policy" - James Bullard, President & CEO - Federal Reserve Bank
of St. Louis - Charles F. Knight Center Anheuser Busch Dining Room
Friday, November 9, 2012
8:00 am Continental Breakfast - Knight Center 2nd Floor Break Area
ALL SESSIONS HELD IN ROOM 200 OF THE KNIGHT CENTER
Session 2: Corporate Governance I
Session Chair: Dirk Hackbarth, University of Illinois
8:30 am - 9:15 am Performance-Vesting Provisions in Executive Compensation
by John Bizjak, Carr Bettis, Swami Kalpathy and Jeff Coles
Discussant: Stuart Gillan, University of Georgia
9:15 am - 10:00 am The Labor Market for Directors, Reputational Concerns, & Externalities in
Corporate Governance
by Doron Levit and Nadya Malenko
Discussant: David Dicks, University of North Carolina
10:00 am - 10:30 am Break
Session 3: Financing Private Firms
Session Chair: Narasimhan Jegadeesh, Emory University
10:30 am - 11:15 am Is a VC Partnership Greater Than the Sum of Its Partners?
by Michael Ewens, and Matthew Rhodes-Kropf
Discussant: Merih Sevilir, Indiana University
11:15 am - 12:00 pm Financing from Family and Friends
by Samuel Lee and Petra Persson
Discussant: Heitor Almeida, University of Illinois
12:00 pm - 1:30 pm Lunch - Anhueser Busch Dining Room, Knight Center
Session 4: Contract Theory
Session Chair: Sugato Bhattacharya, University of Michigan
1:30 pm - 2:15 pm Intellectual Property Contracts: Theory and Evidence from Screenplay Sales
by S. Abraham Ravid, Milton Harris and Suman Basuroy
Discussant: Rajesh Aggarwal, University of Minnesota
2:15 pm - 3:00 pm Risking Other People's Money: Gambling, Limited Liability, & Optimal Incentives
by Peter Demarzo, Dmitri Livdan and Alexei Tchistyi
Discussant: Diego Garcia, University of North Carolina
3:00 pm - 3:30 pm Break
Session 5: Short Paper Session
3:30 pm - 4:30 pm Short Presentations of Early Ideas
Session 6: Ph. D Poster Session and Selection of Best Paper Award
in Honor of Professor Stuart I. Greenbaum
Poster Session Finalists:
Shaun Davies, University of California - Los Angeles
Juanita Gonzales, Columbia University
Xing Huang, University of California - Berkeley
Christiane Kneer, Tilburg Univeristy
Tyler Muir, Northwestern University
Thien Nguyen, University of Pennsylvania
Erin Smith, New York University - Stern
Lei Xie, Yale University
5:30 pm - 7:00 pm Cocktails and PhD Poster Session, Whittemore House
7:00 pm - 8:30 pm Dinner, Whittemore House
Saturday, November 10, 2012
8:00 am Continental Breakfast - Knight Center 2nd Floor Break Area
Session 7: Corporate Governance II
Session Chair: Kenneth Lehn, University of Pittsburgh
8:30 am - 9:15 am The Real Effects of Hedge Fund Activism: Productivity, Risk, and Product Market
Competition
by Hyunseob Kim, Alon Brav, and Wei Jiang
Discussant: Joan Farre-Mensa, Harvard Business School
9:15 am - 10:00 am Shareholder Empowerment: The Right to Approve and the Right to Propose
by Oguzhan Ozbas and John G. Matsusaka
Discussant: Sugato Bhattacharya, University of Michigan
10:00 am - 10:30 am Break
Session 8: Private Firms: Investment and Valuation
Session Chair: Anjan Thakor, Washington University
10:30 am - 11:15 am Valuing Private Equity
by Morten Sorensen, Neng Wang, and Jinqiang Yang
Discussant: Narasimhan Jegadeesh, Emory University
11:15 am - 12:00 pm Do Private Firms Invest Differently Than Public Firms? Taking Cues from the
Natural Gas Industry
by Erik Gilje and Jerome Taillard
Discussant: Yelena Larkin, Pennsylvania State University
12:00 pm - 1:30 pm Lunch - Anhueser Busch Dining Room, Knight Center
Session 9: Empirical Corporate Finance
Session Chair: Roni Michaely, Cornell University
1:30 pm - 2:10 pm Financial Integration, Housing, & Economic Volatility
by Elena Loutskina and Philip Strahan
Discussant: David Sraer, Princeton University
2:10 pm - 2:50 pm As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from
Exogenous State Tax Changes
by Florian Heider and Alexander Ljungqvist
Discussant: Irina Stefanescu, Indiana University
2:50 pm - 3:30 pm No News is News: Do Markets Underreact to Nothing?
by Kelly Shue, and Stefano Giglio
Discussant: Kenneth Lehn, Pittsburgh University
3:30 pm Adjourn
