[no-title]
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.
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.
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.
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