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FIFTH ANNUAL
NYU / PENN CONFERENCE ON LAW AND FINANCE

Jointly sponsored by:
the University of Pennsylvania’s Institute for Law and Economics,
Wharton’s Financial Institutions Center,
and New York University’s Pollack Center for Law & Business.
 
2011 NYU Penn Pollack Logo  2011 NYU Penn Penn Logo
Friday, FEBRUARY 27, 2009
9:30 a.m. to 5:00 p.m.

Saturday, FEBRURAY 28, 2009
8:30 a.m. to 2:00 p.m.

Lester Pollack Colloquium Room, Furman Hall
NYU School of Law
245 Sullivan Street, between Washington Square South and West Third Street
Directions to NYU

By invitation only.

For more information, contact Harold Jennings
at hjenning@stern.nyu.edu or 212.998.0565.
 


Conference Organizers:

William T. Allen
NYU Stern School of Business and NYU School of Law
Pollack Center for Law & Business
New York University

Yakov Amihud
Stern School of Business
New York University

Michael Roberts
The Wharton School
University of Pennsylvania

Ed Rock
Institute for Law & Economics
University of Pennsylvania Law School


Conference Schedule:

FRIDAY, FEBRUARY 27

9:30 a.m.
Registration and Breakfast

10:00 a.m
Welcoming Remarks

William T. Allen
New York University

10:15 – 11:15 a.m.
Franklin Allen
The Wharton School
University of Pennsylvania
Co-Author Jun “QJ” Qian, Boston College

Comparing Legal and Alternative Institutions in Finance and Commerce

Commentator:
Curtis Milhaupt, Columbia University

Moderator:
William Allen, New York University

11:15 – 11:30 a.m.
Coffee Break

11:30 a.m. – 12:30 p.m.
Stephen Choi
New York University School of Law

Motions for Lead Plaintiff in Securities Class Actions
Commentator:
Alexander Dyck, University of Toronto

Moderator:
Ed Rock, University of Pennsylvania

12:30 – 1:30 p.m.
Lunch

1:30 – 2:30 p.m.
Raghuram Rajan
Graduate School of Business
University of Chicago
Co-Authors Viral V. Acharya, LBS, NYU and CEPR
Stewart Myers, MIT and NBER

Internal Governance of Firms

Commentator:
Alan Schwartz, Yale University

Moderator:
Marcel Kahan, New York University

2:30 – 3:30 p.m.
Minor Myers
Brooklyn Law School

The Decisions of Corporate Special Litigation Committees: An Empirical Investigation

Commentator:
Sanjai Bhagat, University of Colorado at Boulder

Moderator:
Gerald Rosenfeld, New York University

3:30 – 3:45 p.m.
Coffee Break

3:45 – 4:45 p.m.
Avner Kalay
University of Utah
Co-Author Shagun Pant, University of Utah

The Market Value of the Vote: A Contingent Claims

And

One Share-One Vote is Unenforceable and Sub-optimal
With Shagun Pant, University of Utah

Commentator:
Henry Hu, University of Texas

Moderator:
Gerald Rosenfeld, New York University

5:00 - 6:00 p.m. Cocktails
Aurora SOHO
510 Broome St. (Between West Broadway & Thompson St.)
New York, NY 10013
http://www.auroraristorante.com/sohohome.html

6:00 - 8:00 p.m.
Dinner
Aurora SOHO
510 Broome St. (Between West Broadway & Thompson St.)
New York, NY 10013
http://www.auroraristorante.com/sohohome.html

SATURDAY, FEBRUARY 28

8:30 a.m.
Breakfast

9:00 – 10:00 a.m.
Wei Jiang
Columbia Business School
Co-Authors Alon Brav, Duke University
Frank Partnoy, University of San Diego
Randall Thomas, Vanderbilt University

The Returns to Hedge Fund Activism

Commentator:
Stuart Gillan, Texas Tech University

Moderator:
Richard Kihlstrom, University of Pennsylvania

10:00 – 11:00 a.m.
Lawrence Hamermesh
Widener's Institute of Delaware Corporate Law
Co-Author Michael L. Wachter, University of Pennsylvania Law School


Rationalizing Appraisal Standards in Compulsory Buyouts

Commentator:
Daniel Wolfenzon, Columbia University

Moderator:
Richard Kihlstrom, University of Pennsylvania

11:00 – 11:15 a.m.
Coffee Break

11:15 – 12:15 p.m.
Kose John
NYU Stern School of Business
Co-Author Dalida Kadyrzhanova, University of Maryland

Does Board Classification Matter for Industry Rivals? Evidence of Spillover Effects in the Market for Corporate Control

Commentator:
Alicia Davis Evans, University of Michigan

Moderator:
Michael Wachter, University of Pennsylvania

12:15 – 12:30 p.m.
Closing Remarks & Lunch