John M. Olin Program in Law and Economics

Prof. Mahoney with a student

Law professor Julia Mahoney (right) spoke with students about her paper,
“Perpetual Restrictions on Land and the Problem of the Future.”

John M. Olin Conference on Empirical Research in Corporate, Bankruptcy, and Securities Law

Friday and Saturday, February 27-28, 2004
Contact: Joyce Holt

This conference assembles scholars from law school and business school faculties to discuss recent empirical work in the fields of corporate, bankruptcy, and securities law. This work is part of a broader trend towards empirical research in law and economics. The goal of the conference is to not only evaluate recent, notable findings, but also to promote greater dialogue between law and business faculties on topics of mutual interest and on empirical methodology. Participants include Anup Agrawal, Lucian Bebchuk, Robert Bushman, Ming Yi Hung, Michael Klausner, and Laura Beny. The papers cover a range of topics from insider trading and corporate governance in Southeast Asia to the governance structure of spinoffs.

PRELIMINARY SCHEDULE

Friday, February 27, 2004

SESSION I
1:30 p.m. A. IREM TUNA, Wharton School of Business, University of Pennsylvania
Accounting for Taste: Board Member Preferences and Corporate Policy Choices
Commentator: Albert Choi, University of Virginia Economics Department
2:15 p.m. ANUP AGRAWAL, Culverhouse College of Com. & Bus. Admin., Univ. of Alabama
Corporate Governance and Accounting Scandals
Commentator: Robert Bruner, Darden School of Business, University Of Virginia
3:00 p.m Break
3:15 p.m.

ARTURO BRIS, Yale School of Management
Adopting Better Corporate Governance: Evidence from Cross-Border Mergers
Commentator: Anup Malani, University of Virginia School of Law

4:00 p.m.

LUCIAN BEBCHUK, Harvard University Law School
The Costs of Entrenched Boards” 
Commentator: Rajesh Aggarwal, McIntire School of Commerce, University Of Virginia

5:00 p.m. Bus returns to Boar's Head Inn
Saturday, February 28, 2004

SESSION II

9:00 a.m.

EDWARD MORRISON, Columbia University School of Law
Bankruptcy Decision-Making: An Empirical Study of Small-Business Bankruptcies
Commentator: George Triantis, University of Virginia School of Law

9:45 a.m.

DAVID SKEEL, University of Pennsylvania Law School
"Why Do Distressed Companies Choose Delaware: An Empirical Analysis of Venue Choice in Bankruptcy?
Commentator: Mitu Gulati, Georgetown University Law Center

10:30 a.m.

Break

10:45 a.m.

ROBERT M. BUSHMAN, Kenan-Flagler Business School - UNC
Insider Trading Restrictions and Analysts' Incentives to Follow Firms
Commentator: Stephen Choi, UC Berkeley School of Law

11:30 a.m.

LAURA BENY, University of Michigan Law School
Do Shareholders Value Insider Trading Laws? International Evidence
Commentator: Robert Trezevant, Marshall School of Business-USC

12:15 a.m. Lunch - Law School Faculty Lounge

SESSION III

1:30 p.m.

MING YI HUNG, Marshall School of Business – USC
Insider Trading and Corporate Governance Structure: Evidence from Southeast Asia
Commentator: Kenneth Ayotte, Columbia Business School

2:15 p.m.

MARTIJN CREMERS, Yale School of Management
Governance Mechanisms and Equity Prices
Commentator: Paul Mahoney, University of Virginia School of Law

3:00 p.m. Break
3:15 p.m. GUHAN SUBRAMANIAN, Harvard Law School
"Post-Siliconix Freeze-Outs: Theory, Evidence, and Policy" 
Commentator: Sandeep Dahiya, McDonough School of Business-Georgetown
4:00 p.m.

MICHAEL KLAUSNER, Stanford Law School
Agents Watching Agents: The Governance Structure of Spinoffs
Commentator: Christos Cabolis, Yale School of Management

5:00 p.m.

Bus back to Boar's Head Inn