The Fifteenth Annual
NYU / PENN CONFERENCE ON LAW AND FINANCE
The 2019 NYU / Penn Conference on Law & Finance is scheduled at NYU Stern School of Business in February, 2019.
Sponsored by
The NYU Pollack Center for Law & Business
The University of Pennsylvania Institute for Law and Economics
Conference Organizers
Yakov Amihud, NYU Stern School of Business
Stephen Choi, NYU School of Law
Jill Fisch, University of Pennsylvania Law School
Itay Goldstein, The Wharton School of the University of Pennsylvania
David Yermack, NYU Stern School of Business
Friday, February 22, 2019
9:30am – Registration and Breakfast
10:10am – Welcoming Remarks
Stephen Choi, Director, NYU Pollack Center for Law and Business
10:15- 11:15am
Credit default swaps, agency problems, and management incentives
Presenter: David Yermack, NYU Stern School of Business
Co-authors: Jongsub Lee, Seoul National University, Department of Finance, and Junho Oh, Warrington College of Business, University of Florida
Commentator: Alan Schwartz, Yale Law School
15 Minute Break
11:30 am – 12:30pm
Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy
Presenter: Lucian Bebchuk, Harvard Law School
Co-author: Scott Hirst, Boston University School of Law
Commentator: Ian Appel, Boston College Carrol School of Management
12:30 – 1:30pm Lunch
1:30 – 2:30pm
Bank Transparency and Deposit Flows
Presenter: Itay Goldstein, The Wharton School, The University of Pennsylvania
Co-authors: Qi Chen, Duke University Fuqua School of Business, Zeqiong Huang, Yale School of Management, and Rahul Vashishtha, Duke University Fuqua School of Business
Commentator: Kathryn Judge, Columbia Law School
2:30 – 3:30pm
Hidden Holdouts: Contract Arbitrageurs and the Pricing of Collective Rights
Presenter: Mitu Gulati, Duke University School of Law
Co-author: Stephen Choi, NYU School of Law
Commentator: Kose John, NYU Stern School of Business
15 Minute Break
3:45 – 4:45pm
Common Ownership and Coordinated Effects
Presenter: Edward B. Rock, NYU School of Law
Co-author: Daniel L. Rubinfeld, NYU School of Law & UC Berkeley School of Law
Commentator: Doron Levit, The Wharton School, The University of Pennsylvania
Saturday, February 23, 2019
8:15am – Registration and Breakfast
9:00 – 10:00am
Long-Term Economic Consequences of Hedge Fund Activist Interventions
Presenter: Charles McClure, University of Chicago Booth School of Business
Co-authors: Ed deHaan, Michael G. Foster School of Business, University of Washington, and David Larcker, Stanford University Graduate School of Business
Commentator: Steven Davidoff Solomon, UC Berkeley School of Law
10:00 – 11:00am
The Impact of the Durbin Amendment on Banks, Merchants, and Consumers
Presenter: Natasha Sarin, University of Pennsylvania Law School and The Wharton School, The University of Pennsylvania
Co-author: Vladimir Mukharlyamov, Georgetown University McDonough School of Business
Commentator: Paul Goldsmith-Pinkham, Yale School of Management
15 Minute Break
11:15am – 12:15pm
Bond Covenants and Investment Policy
Presenter: Sandrine Docgne Penlap, C.T. Bauer College of Business, University of Houston
Commentator: William W. Bratton, University of Pennsylvania Law School
12:30pm – Lunch and Closing Remarks