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

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