NYU/Penn Conference

The Eighteenth Annual
NYU / PENN CONFERENCE ON LAW & FINANCE

Sponsored by
The NYU Pollack Center for Law & Business
The University of Pennsylvania Institute for Law and Economics

Conference Organizers
Yakov Amihud, NYU Stern School of Business
Stephen Choi, NYU School of Law
Lisa Fairfax, University of Pennsylvania Carey Law School
Jill Fisch, University of Pennsylvania Carey Law School
Itay Goldstein, The Wharton School of the University of Pennsylvania
Elizabeth Pollman, University of Pennsylvania Carey Law School 
David Yermack, NYU Stern School of Business

Friday, February 23, 2024
NYU Stern School of Business 
| M1-70 (Gitlow Amphitheater)

9:30am – Registration and Breakfast

10:10am – Welcoming Remarks

10:15 – 11:15am
AI-Powered Trading, Algorithmic Collusion, and Price Efficiency
Presenter: Winston Wei Dou, The Wharton School of the University of Pennsylvania
Co-author(s): Itay Goldstein, The Wharton School of the University of Pennsylvania, and Yan Ji, Hong Kong University of Science and Technology 
Commentator: Eric Talley, Columbia Law School
Moderator: Stephen Choi, NYU School of Law

15 Minute Break

11:30 am – 12:30pm
Standardization and Innovation in Venture Capital Contracting: Evidence from Startup Company Charters
Presenter: Robert Bartlett, Stanford Law School
Commentator: Michael Ewens, Columbia Business School
Moderator: Elizabeth Pollman, University of Pennsylvania Carey Law School 

 

12:30 – 1:30pm Lunch

1:30 – 2:30pm
Why Have Uninsured Depositors Become De Facto Insured?
Presenter: Michael Ohlrogge, NYU School of Law
Commentator: Yao Zeng, The Wharton School of the University of Pennsylvania
Moderator: Itay Goldstein, The Wharton School of the University of Pennsylvania

2:30 – 3:30pm

Climate-related Disclosure Commitment of the Lenders, Credit Rationing, and Borrower Environmental Performance
Presenter: Anthony Saunders, NYU Stern School of Business
Co-author(s): Iftekhar Hasan, Fordham University, Bank of Finland, University of Sydney, Haekwon Lee, University of Sydney, and Buhui Qin, University of Sydney Business School  
Commentator: Saule Omarova, Cornell Law School

Moderator: Lisa Fairfax, University of Pennsylvania Carey Law School

15 Minute Break

3:45 – 4:45pm

Overtaking Mutual Funds: The Hidden Rise and Risk of Collective Investment Trusts 
Presenter: Natalya Shnitser, Boston College Law School 
Commentator: Chester Spatt, Carnegie Mellon University, Tepper School of Business
Moderator: Jill Fisch, University of Pennsylvania Carey Law School


5:00pm – Faculty Reception and Dinner

Saturday, February 24, 2024
NYU Stern School of Business 
| M1-100 (Gardner Commons)

8:15am – Registration and Breakfast

9:00 – 10:00am
Follow the Pipeline: Anticipatory Effects of Proposed Regulations
Presenter: Joseph Kalmenovitz, University of Rochester, Simon Business School
Co-author(s): Alejandro Lopez-Lira, University of Florida, Department of Finance, Insurance and Real Estate, Suzanne Chang, Tulane University, A.B Freeman School of Business

Commentator: Cary Coglianese, University of Pennsylvania Carey Law School
Moderator: Kose John, NYU Stern School of Business

10:00 – 11:00am
Market Response to Court Rejection of California's Board Diversity Laws
Presenter: Jonathan Klick, University of Pennsylvania Carey Law School
Commentator: Nadya Malenko, Boston College Carroll School of Management
Moderator: David Yermack, NYU Stern School of Business

15 Minute Break

11:15am – 12:15pm
Poison Bonds
Presenter: Rex Wang Renjie, VU Amsterdam and Tinbergen Institute 
Co-author(s): Shuo Xia, Leipzig University and the Halle Institute for Economic Research
Commentator: Elisabeth de Fontenay, Duke Law School
Moderator: Marcel Kahan, NYU School of Law

12:30pm – Lunch and Closing Remarks