| Conferences & Announcements Author Guide Submissions Editorial Board |
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The W.E. Carroll School of Management and NEW TECHNOLOGIES, FINANCIAL INNOVATION, AND INTERMEDIATION Boston College, Chestnut Hill, MA May 25-27, 2000 Thursday, May 25 |
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| 7:00 PM | Welcome Reception | |
| Friday, May 26 |
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| SESSION 1: BANKING | ||
| Chair: Edward J. Kane, Boston College | ||
| 9:30 AM | Andres Almazan (University of Texas-Austin) | |
| "A Model of Competition in Banking: Bank Capital vs. Expertise" | ||
| Discussant: Thomas Chemmanur, Boston College | ||
| 10:30 AM | Break | |
| SESSION 2: TOPICS IN MARKET MICROSTRUCTURE - I | ||
| Chair: Maureen O'Hara, Cornell University | ||
| 11:00 AM | Thierry Foucault (L'Ecole HEC) | |
| Ailsa Roell (Princeton University) | ||
| Patrik Sandas (University of Pennsylvania) | ||
| "Imperfect Market Monitoring and SOES Trading" | ||
| Discussant: Matthew Spiegel, Yale University | ||
| 12:00 Noon | Gordon J. Alexander (University of Minnesota) | |
| Mark A. Peterson (Southern Illinois University) | ||
| "Implications for Short-Selling Associated with a Reduction in Tick Size" | ||
| Discussant: Fu-Kuo (Albert) Wang, Rice University | ||
| 1:00 PM | Lunch | |
| SESSION 3: INITIAL PUBLIC OFFERINGS | ||
| Chair: Tim Opler, W.R. Hambrecht & Co. | ||
| 2:30 PM | Jorg Kukies (University of Chicago) | |
| "The Effects of Introducing a New Stock Exchange on the IPO Process" | ||
| Discussant: William J. Wilhelm, Jr., Boston College | ||
| 3:30 PM | Break | |
| 4:00 PM | Bruno Biais (Universite de Toulouse) | |
| Anne Marie Faugeron-Crouzet (Universite de Paris Val de Marne) | ||
| "IPO Auctions: English, Dutch, ... French and Internet" | ||
| Discussant: Pegaret Pichler, Boston College | ||
| 5:00 PM | Lawrence M. Benveniste (University of Minnesota) | |
| Walid Y. Busaba (University of Arizona) | ||
| William J. Wilhelm, Jr. (Boston College) | ||
| "Information Externalities in Primary Equity Markets" | ||
| Discussant: Mitchell Petersen, Northwestern University | ||
| 7:00 PM | Cocktails | |
| 7:30 PM | Conference Dinner | |
| Victor R. Simone, Managing Director and Head of E-Commerce, Fixed Income Division, The Goldman Sachs Group, Inc. | ||
| "E-Commerce in the Fixed Income Markets" | ||
Saturday, May 27 |
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| 9:00 AM | Continental Breakfast | |
| SESSION 4: VENTURE CAPITAL FINANCING | ||
| Chair: Anjan V. Thakor, University of Michigan | ||
| 10:00 AM | Thomas Hellman (Stanford University) | |
| Manju Puri (Stanford University) | ||
| "Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence" | ||
| Discussant: Josh Lerner, Harvard University | ||
| 11:00 AM | Andrei A. Kirilenko (International Monetary Fund) | |
| "Valuation and Control in Venture Finance" | ||
| Discussant: George Kanatas, Rice University | ||
| 12:00 Noon | Lunch | |
| SESSION 5: TOPICS IN MARKET MICROSTRUCTURE - II | ||
| Chair: Lawrence M. Benveniste, University of Minnesota | ||
| 2:00 PM | Ananth Madhavan (University of Southern California) | |
| David Porter (University of Wisconsin) | ||
| Daniel Weaver (Baruch College) | ||
| "Should Securities Markets Be Transparent?" | ||
| Discussant: Erik Sirri, Babson College | ||
| 3:00 PM | Jay F. Coughenour (University of Delaware) | |
| Daniel N. Deli (United States Securities and Exchange Commission) | ||
| "Liquidity Provision and the Organizational Form of NYSE Specialist Firms" | ||
| Discussant: William G. Christie, Vanderbilt University | ||
| 4:00 PM | Concluding Remarks | |