Duke/Kauffman Entrepreneurship Conference
March 10, 2011

Program

Session 1:  Psychology, Personality and Entrepreneurship (Chair: Howard Aldrich, UNC)

8:30 am – 9:10am

Robert Fairlie and William Holleran (UC Santa Cruz)
Entrepreneurship Training, Risk Aversion and Other Personality Traits: Evidence from a Random Experiment

Discussant: Morten Sorensen, Columbia University

9:10 am - 9:50 am

Gavin Cassar (The Wharton School)
The Roles of Industry and Startup Experience on Entrepreneur Forecast Performance at New Business Entry

Discussant: Alicia Robb, Kauffman Foundation

9:50 am -  10:30 am

Erik Hurst and Ben Pugsley (University of Chicago)
Non Pecuniary Benefits of Small Business Ownership

Discussant: Sarada, UCSD

10:30-10:50 - BREAK

Session 2:  Venture Capital and Exit (Chair: Jean de Bettignies, Queen’s)

10:50 – 11:30

Yael Hochberg (Kellogg), Laura Lindsey (Arizona State) and Mark Westerfield (USC)
Inter-Firm Economic Ties: Evidence from Venture Capital

Discussant: Waverly Ding, UC Berkeley

11:30 – 12:10

Thomas Chemmanur (BC), Jie He (Georgia), Shan He (LSU), Debarshi Nandy (York)
The Exit Choices of Entrepreneurial Firms

Discussant: Ramana Nanda, Harvard Business School

12:10-1:30 - LUNCH

Session 3:  Private Capital Markets for Small Firms (Chair: Alicia Robb, Kauffman)

1:30-2:10

Douglas Cumming (York), Ari Pandes and Michael Robinson (Calgary)
The Role of Agents in Markets Characterized by Extreme Information Asymmetry

Discussant:  Manju Puri, Duke University

2:10-2:50

Jose Plehn-Dujowich, Sang Mook Lee, Yuanzhi Li, Sheryl Winston Smith (Temple)
The Distribution and Evolution of the Capital Structure of Entrepreneurial Firms

Discussant: David Robinson, Duke University

2:50-3:10 - BREAK

Session 4:  Private Equity (Chair: Morten Sorensen, Columbia)

3:10-3:50

Adam Reed (UNC), Hung-Chia Hsu (UW-Milwaukee), Jorg Rocholl (ESMT Berlin)
Competitive Effects of Private Equity Investments

Discussant: Gordon Phillips, University of Maryland

3:50-4:30

David T Robinson (Duke) and Berk Sensoy (Ohio State)
Private Equity in the 21st Century: Cash Flows, Performance and Contract Terms from 1984-2010

Discussant: Andrew Metrick, Yale School of Management

 

6:00 pm
Joint Dinner with Duke/UNC Corporate Finance Conference
Keynote Speaker: Andrew Metrick, Yale University