Jointly sponsored by the University of Pennsylvania’s Institute for Law and Economics, Wharton’s Financial Institutions Center, and NYU Pollack Center for Law & Business
Friday, February 25, 2011
9:30 a.m.-5:00 p.m.
Saturday, February 26, 2011
8:30 a.m.-2:00 p.m.
NYU School of Law
Lester Pollack Colloquium Room, Furman Hall
245 Sullivan Street, between Washington Square South and West Third Street
Conference Organizers:
William 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
Jill Fisch
Institute for Law & Economics
University of Pennsylvania Law School
Program:
Friday, February 25, 2011
9:30 a.m.
Registration and Breakfast
10:00 a.m.
Welcoming Remarks
Dean Richard Revesz
Dean and Lawrence King Professor of Law
New York University School of Law
William Allen
Nusbaum Professor of Law & Business
Director, Lester Pollack Center for Law & Business
New York University
10:15–11:15 a.m.
The Political Economy of Fraud on the Market
William Bratton
Professor of Law
University of Pennsylvania Law School
Michael Wachter
William B. Johnson Professor of Law and Economics
University of Pennsylvania Law School
Commentator: Chester S. Spatt
Pamela R. and Kenneth B. Dunn Professor of Finance
Carnegie Mellon
Moderator: Jill Fisch
Perry Golkin Professor of Law
University of Pennsylvania Law School
11:15-11:30 a.m.
Coffee Break
11:30 a.m.-12:30 p.m.
Information Disclosure and Corporate Governance
Michael Weisbach
Professor and Ralph W. Kurtz Chair in Finance
The Ohio State University
Commentator: Merritt Fox
Michael E. Patterson Professor of Law
Columbia Law School
Moderator: Michael Wachter
William B. Johnson Prof. of Law and Economics
University of Pennsylvania Law School
12:30-1:30 p.m.
Lunch
Dean Peter Blair Henry
Dean Richard R. West Professorship in Business & William R. Berkley Professor of Economics & Business
NYU Stern School of Business
1:30-2:30 p.m.
Does Delaware Entrench Management?
Adam C. Pritchard
Frances and George Skestos Professor of Law
University of Michigan Law School
Commentator: Yaniv Grinstein
Professor of Finance
Cornell University
Moderator: Richard E. Kihlstrom
Ervin Miller-Arthur M. Freedman Professor of Finance and Economics
Wharton School of the University of Pennsylvania
2:30-3:30 p.m.
CEO Compensation and Corporate Risk-Taking: Evidence from a Natural Experiment
Todd Gormley
Professor of Finance
Wharton School of the University of Pennsylvania
Commentator: Michal Barzuza
Professor of Law
University of Virginia School of Law
Moderator: Michael Roberts
Professor of Finance
Wharton School of the University of Pennsylvania
3:30-3:45 p.m.
Coffee Break
3:45-4:45 p.m.
Corporate Governance and Corporate Political Activity: What Effect Will Citizens United Have on Shareholder Wealth?
John Coates
John F. Cogan, Jr. Professor of Law and Economics
Harvard Law School
Commentator: Andrew Metrick
Professor of Finance
Yale School of Management
Moderator: Barry Adler
Bernard Petrie Professor of Law and Business
NYU School of Law
5:00 - 6:00 p.m.
Cocktails
Aurora
6:00 - 8:00 p.m.
Dinner
Aurora
510 Broome Street
New York, NY
Saturday, February 26, 2011
8:30 a.m. Breakfast
9:00-10:00 a.m.
Fiduciary Duties and Equity-Debtholder Conflicts
Bo Becker
Professor of Business Administration
Harvard Business School
Commentator: Henry Hu
Allan Shivers Chair in the Law of Banking and Finance
University of Texas School of Law
Moderator: William Allen
Nusbaum Professor of Business; Professor of Law; Director Pollack Center for Law & Business
10:00-11:00 a.m.
Securitization and Moral Hazard: Evidence from a Lender Cutoff Rule
Ryan Bubb
Professor of Law
New York University School of Law
Commentator: Vikrant Vig
Professor of Finance
London Business School
Moderator: Kose John
Charles William Gerstenberg Professor of Banking and Finance
NYU Stern School of Business
11:00-11:15 a.m.
Coffee Break
11:15-12:15 p.m.
Competition for Managers, Corporate Governance and Incentive Compensation
Viral Acharya
Professor of Finance
NYU Stern School of Business
Commentator: Alan Schwartz
Sterling Professor of Law
Yale Law School
Moderator: Jennifer Arlen
Norma Z. Paige Professor of Law
NYU School of Law
12:15-12:30 p.m.
Closing Remarks
12:30-2:00 p.m.
Lunch