10:30 - 12:30 CONFERENCE REGISTRATION - Loudermilk Lobby; Guest Room check-in in McLean Hall
11:20 - 12:20 LUNCH - Magnolia Room AB, Loudermilk
12:30 - 5:50 SESSIONS - Magnolia Room C, Loudermilk
Session Chair: Jeremy Stein (Harvard University)
12:30 - 1:10 pm The Dividend Policies of Private Firms: Insights into Smoothing, Agency Costs, and Information Asymmetry
Roni Michaely (Cornell University and IDC) and Michael Roberts (University of Pennsylvania)
Discussant: Doug Skinner (University of Chicago)
1:10 - 1:50 To Be or Not to Be (Public): Using Going Private Transactions to Examine Why Firms Go Public
Sreedhar Bharath (University of Michigan) and Amy Dittmar (University of Michigan)
Discussant: Gordon Phillips (University of Maryland)
1:50 - 2:30 The Variability of IPO Initial Returns
Michelle Lowry (Pennsylvania State University), Micah Officer (University of Southern California) and William Schwert (University of Rochester)
Discussant: Jay Ritter (University of Florida)
2:30 - 2:50 COFFEE BREAK - Breakout room 141 is available for email communications/printing. Wireless available.
Session Chair: Roni Michaely (Cornell University and IDC)
2:50 - 3:30 Rewriting History
Alexander Ljungqvist (New York University), Christopher Malloy (London Business School) and Felicia Marston (University of Virginia)
Discussant: Kent Womack (Dartmouth College)
3:30 - 4:10 Firm Expansion and CEO Pay
Lucian Bebchuk (Harvard University) and Yaniv Grinstein (Cornell University)
Discussant: Belen Villalonga (Harvard University)
4:10 - 4:30 COFFEE BREAK - Breakout room 141 is available for email communications/printing. Wireless available.
Session Chair: William Schwert (University of Rochester)
4:30 - 5:10 Stock Returns in Mergers and Acquisitions
Dirk Hackbarth (Washington University St. Louis) and Erwan Morellec (HEC Lausanne)
Discussant: Diego Garcia (University of North Carolina)
5:10 - 5:50 Takeovers and the Cross Section of Returns
Martijn Cremers (Yale University), Vinay Nair (University of Pennsylvania), and Kose John (New York University)
Discussant: Rich Mathews (Duke University)
6:30 - 9:00 DINNER - Magnolia Room AB, Loudermilk
Keynote Speaker: Steve Kaplan (University of Chicago)
6:30 - 8:30 am BREAKFAST for McLean Hall guests in Dining Room A, Du Bose House
8:30 - 11:30 SESSIONS - Classroom 107, Loudermilk
Session Chair: Kose John (New York University)
8:30 to 9:10 Stakeholder Capitalism, Corporate Governance and Firm Value
Franklin Allen (University of Pennsylvania), Elena Carletti (Center for Financial Studies) and Robert Marquez (Arizona State University)
Discussant: Merih Sevilir (University of North Carolina)
9:10 to 9:50 A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002
Yael Hochberg (Northwestern University), Paola Sapienza (Northwestern University) and Annette Vissing-Jorgensen (Northwestern University)
Discussant: Wei Jiang (Columbia University, visiting Wharton)
9:50 - 10:10 COFFEE BREAK - Breakout rooms 121 and 127 are available for email communications/printing. Wireless available.
Session Chair: Michael Lemmon (University of Utah)
10:10-10:50 Overinvestment and Corporate Fraud in Efficient Capital Markets
Praveen Kumar (University of Houston) and Nisan Langberg (University of Houston)
Discussant: Itay Goldstein (University of Pennsylvania)
10:50-11:30 Who Blows the Whistle on Corporate Fraud?
Alexander Dyck (University of Toronto), Adair Morse (University of Michigan) and Luigi Zingales (University of Chicago)
Discussant: Adriano Rampini (Duke University)
11: 45 - 12:45 LUNCH - Dining Room A&B, Du Bose House
1:00pm Shuttle to RDU Airport from McLean Hall
1:00 pm Shuttle to RDU Airport from McLean Hall
Conference seating is limited due to space constraints.
Other Contact Information:
External Program Committee:
Patrick Bolton (Columbia University)
Douglas Diamond (University of Chicago)
Mitchell Petersen (Northwestern University)
Jeremy Stein (Harvard University)
Luigi Zingales (University of Chicago)
