UPCOMING EVENTS
November 7-8, 2008: Shifting Capital Markets Academic Conference
The Shifting Capital Markets Academic Conference is scheduled for Nov. 7–8, 2008 in New Haven. Authors of the six selected papers from the December 2007 call for papers will present, as may authors of four additional papers. The collection and presentation of emerging academic research is a core branch of the Capital Markets Project, and continuing such conferences ensures dialogue and the latest research on the subject.
Videos from the conference: November 7, November 8.
THE SHIFTING CAPITAL MARKETS & CORPORATE PERFORMANCE CONFERENCE
November 7-8, 2008
Agenda
Thursday, November 6, 2008 – New Haven Hotel’s Restaurant
6:30P |
Welcome Reception and Buffet Dinner (Authors and Discussants Only) |
|
Jonathan Koppell, Faculty Director, Millstein Center for Corporate Governance and Performance, and Associate Professor, Yale School of Management |
Friday, November 7, 2008 – General Motors Room, Yale School of Management, 55 Hillhouse Avenue
8:45-9:00A |
Bus Shuttles from the New Haven Hotel to Yale School of Management, 55 Hillhouse Avenue |
9:00-9:30A |
Breakfast-General Motors Room, Horchow Hall, 55 Hillhouse Avenue |
9:30-9:45A |
Opening Remarks |
|
Jonathan Koppell, Faculty Director, Millstein Center for Corporate Governance and Performance, and Associate Professor, Yale School of Management |
9:45-10:45A |
Session 1: GM Room, Horchow Hall, 55 Hillhouse Avenue |
9:45-10:15A |
“Corporate Governance and Firm Performance: Empirical Evidence from India”, presented by Dr R. Madhumathi, Associate Professor, Department of Management Studies, Indian Institute of Technology Madras, Dr. M. Ranganatham, Registrar in-charge, University of Madras, and Dr. Raghunandan Kannan, Professor of Accounting, Florida International University. |
10:15-10:25A |
Discussant: Shyam Sunder, James L. Frank Professor of Accounting, Economics, and Finance, Yale School of Management |
10:25-10:45A |
Open Discussion |
10:45-11:00P Coffee Break
11:00-12:00P Session 2: GM Room
11:00-11:30A |
Privatization, Corporate Government, and Investment Efficiency in Africa”, presented by Roseline Misati, Senior Economist/ Researcher, Central Bank of Kenya, and Dr. Lucas Kamau Njoroge, Senior Economist/Researcher, Central Bank of Kenya |
11:30-11:40A |
Discussant: Gustav Ranis, Frank Altschul Professor Emeritus of International Economics, Yale University |
11:40-12:00P |
Open Discussion |
12:00-1:00P Session 3: GM Room
12:00-12:30P |
“Voluntary Disclosure and the Cost of Capital: Evidence from Firms’ Responses to the Enron Shock”, presented by Christian Leuz, Joseph Sondheimer Professor of Economics, Finance and Accounting, The Graduate School of Business, University of Chicago and Catherine Schrand, Associate Professor of Accounting, The Wharton School, University of Pennsylvania |
12:30-12:40P |
Discussant: Heather Tookes, Professor of Finance, Yale School of |
12:40-1:00P |
Open Discussion |
1:00-2:00P Lunch - General Motors Room
Welcome Address
Ira M. Millstein, Senior Associate Dean of Corporate Governance, Yale School of Management, and Senior Partner, Weil, Gotshal & Manges LLP
2:00P-4:00P Session 4: GM Room
2:00-2:30P |
"Beyond the Berle and Means Paradigm: Private Equity and the New Capitalist Order", presented by Stephen F. Diamond, Associate Professor of Law, School of Law, Santa Clara University |
2:30-2:40P |
Discussant: Ira M. Millstein, Senior Associate Dean for Corporate Governance, Yale School of Management |
2:40-3:00P |
Open Discussion |
3:00-3:30P |
"Insiders, Outsiders and the Politics of Corporate Governance: How Ownership Structure Shapes Party Positions in Germany, Britain and France”, presented by Helen Callaghan, Ph.D. Research Fellow, Max Planck Institute for the Study of Societies |
3:30-3:40P |
Discussant: John Cioffi, Assistant Professor of Political Science, |
3:40-4:00P |
Open Discussion |
4:00P Bus Shuttle to New Haven Hotel, 229 George Street, New Haven, CT 06510
5:45P Bus Shuttles from the New Haven Hotel to the Qunnipiack Club
6:00-8:00P Dinner –Quinnipiack Club, 221 Church Street, New Haven, CT (Authors and Discussants Only)
8:00-8:30P Bus Shuttles from Quinnipiack Club to the New Haven Hotel
Saturday, November 8, 2008 – Yale School of Management
8:45-9:00A |
Bus Shuttles from the New Haven Hotel to Yale School of Management, 55 Hillhouse Avenue |
9:00-9:30A |
Breakfast-General Motors Room, Horchow Hall, 55 Hillhouse Avenue |
9:30-9:45A |
Opening Remarks |
|
Jonathan Koppell, Faculty Director, Millstein Center for Corporate Governance and Performance, and Associate Professor, Yale School of Management |
9:45-10:45A Session 5: GM Room
9:45-10:15A |
“Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market” presented by Pedro Matos, Assistant Professor of Finance, University of Southern California, Marshall School of Business and Miguel Ferreira, Associate Professor of Finance, ISCTE Business School in Lisbon |
10:15-10:25A |
Discussant: Sreedhar Bharath, Assistant Professor of Finance, Stephen M. Ross School of Business, University of Michigan |
10:25-10:45A |
Open Discussion |
10:45-11:00A Coffee Break
11:00-1:00P Session 6: GM Room
11:00-11:30A |
“International Legal Aspects of Sovereign Wealth Funds: Reconciling International Economic Law and the Law of State Immunities with a New Role of the State”, presented by Bart De Meester, Research Fellow, Fund for Scientific Research Flanders Institute for International Law |
11:30-11:40A |
Discussant: Henry Hansmann, Augustus E. Lines Professor of Law, Yale University |
11:40-12:00P |
Open Discussion |
12:00-12:30P |
“The Evolution of Aggregate Stock Ownership: A Unified Explanation”, presented by Ilya Strebulaev, Assistant Professor of Finance, Graduate School of Business, Stanford University, Kristian Rydqvist, Zurack Professor of Finance and Economics, Binghamton University School of Management, and Joshua Spizman, PhD. Student, Binghamton University School of Management |
12:30-12:40P |
Discussant: Clifford Holderness, Professor of Finance, Carroll School of Management, Boston College |
12:40-1:00P |
Open Discussion |
1:00-2:00P Lunch-GM Room
2:00-3:00P Session 7: GM Room
2:00-2:30P |
“Corporate Political Contributions: Investment or Agency?” presented by Rajesh Aggarwal, Associate Professor of Finance, Carlson School of Management, University of Minnesota, Felix Meschke, Assistant Professor and Lecturer, Carlson School of Management, University of Minnesota, and Tracy Wang, Assistant Professor of Finance, Carlson School of Management, University of Minnesota |
2:30-2:40P |
Discussant: Timothy W. Guinnane, Philip Golden Bartlett Professor of Economic History Department of Economics, Yale University |
2:40-3:00P |
Open Discussion |
3:00 Farewell
3:00-3:30P
Bus Shuttles to the New Haven Hotel and Union Train Station
