NYU Pollack Center For Law & Business

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First Annual NYU/Penn Conference on Law and Finance

Friday, February 25, 2005
Conference: 9:00 a.m. to 5:30
Dinner: 6:00 p.m.

Saturday, February 26, 2005
Conference: 9:00 a.m. to 12 noon
Box lunch provided

New York University School of Law
Furman Hall, 245 Sullivan Street
Pollack Seminar Room, 9th floor

Directions to NYU School of Law

Conference Organizers:

William T. Allen , Nusbaum Professor of Law and Business
Director, Center for Law & Business
New York University

Yakov Amihud , Ira Rennert Professor of Finance
Stern School of Business, New York University

Richard E. Kihlstrom , Ervin Miller-Arthur M. Freedman Professor of Finance and Economics
The Wharton School, University of Pennsylvania

Edward B. Rock , Saul A. Fox Distinguished Professor of Business Law
Co-director, Institute for Law and Economics
University of Pennsylvania School of Law

FRIDAY, FEBRUARY 25

9:00 a.m.	Registration and Breakfast
9:40 a.m.	WELCOMING REMARKS: Dean Richard Revesz, NYU School of Law
9:45 to 10:45 a.m.	Armando Gomes, The Wharton School, University of Pennsylvania Gary Gorton, The Wharton School, University of Pennsylvania Leonardo Madureira, The Wharton School, University of Pennsylvania "SEC Regulation Fair Disclosure, Information, and the Cost of Capital"	Commentator:: Merritt B. Fox, Columbia University School of Law
10:45 to 11:00 a.m.	Coffee Break
11:00 to 12 noon	Mihir A. Desai, Harvard University and NBER Alexander Dyck, University of Toronto Luigi Zingales, University of Chicago, NBER and CEPR "Theft and Taxes"	Commentator: Daniel Shaviro NYU School of Law
12 noon to 1:00 p.m.	Lawrence D. Brown, Georgia State University Marcus L. Caylor, Georgia State University "Corporate Governance and Firm Performance"	Commentator: Andrew Metrick The Wharton School, University of Pennsylvania
1:00 p.m. to 1:30 p.m.	Buffet Lunch
1:30 p.m. to 2:30 p.m.	Stephen N. Kaplan, University of Chicago Graduate School of Business Frederic Martel, University of Lausanne IMD and UBS Global Asset Management Per Strömberg, University of Chicago Graduate School of Business "How Do Legal Differences and Learning Affect Financial Contracts?"	Commentator: Oliver Hart Harvard University
2:30 p.m. to 2:45 p.m.	Coffee Break
2:45 p.m. to 3:45 p.m.	Robert Daines, Stanford Law School Vinay Nair, The Wharton School, University of Pennsylvania Lewis A. Kornhauser, NYU School of Law "The Good, The Bad, and the Lucky: CEO Pay and Skill"	Commentator: Antoinette Schoar, MIT
3:45 p.m. to 4:00 p.m.	Coffee Break
4:00 p.m. to 5:00 p.m.	Viral V. Acharya, London Business School Rangarajan K. Sundaram, Stern School of Business, New York University Kose John, Stern School of Business, New York University "On the Capital Structure Implications of Bankruptcy Codes"	Commentator: Alan Schwartz Yale Law School
7:00 p.m. to 9:00 p.m.	DINNER	Provence, 38 MacDougal Street

SATURDAY, FEBRUARY 26

8:30 a.m.	Continental Breakfast
9:00 a.m. to 10:00 a.m.	Stephen J. Choi, NYU School of Law "Do the Merits Matter Less After the Private Securities Litigation Reform Act?"	Commentator: Lemma Senbet, Smith School of Business University of Maryland Visiting, Stern School of Business
10:00 a.m. to 10:15 a.m.	Coffee Break
10:15 a.m. to 11:15 a.m.	Michael L. Wachter, University of Pennsylvania Law School Richard E. Kihlstrom, The Wharton School, University of Pennsylvania "Why Defer to Managers? A Strong Form Efficiency Model"	Commentator: Ronald Gilson Stanford University School of Law Columbia University School of Law
11:15 a.m. to 11:30 a.m.	Coffee Break
11:30 a.m. to 12:30 p.m.	Eric Talley, USC Law School Gudrun Johnsen, International Monetary Fund "Corporate Governance, Executive Compensation and Securities Litigation"	Commentator: Bernard S. Black University of Texas
12:30 p.m.	LUNCH	Lipton Hall, 110 W. 3rd Street

For more information, contact the NYU Center for Law & Business
(212) 998-0761 or at CLBevents@stern.nyu.edu