Institute for Law and Economics

Penn Law

2006 PENN / NYU CONFERENCE

SECOND ANNUAL
PENN / NYU CONFERENCE ON LAW AND FINANCE

Jointly sponsored by
the University of Pennsylvania’s Institute for Law and Economics,
Wharton’s Financial Institutions Center,
and New York University’s Center for Law & Business.

Friday, FEBRUARY 24, 2006
9:30 a.m. to 5:00 p.m.

Saturday, FEBRUARY 25, 2006
9:00 a.m. to 12:30 p.m.

Levy Conference Center
University of Pennsylvania Law School
Entrance on 34th Street between Chestnut and Sansom
Directions to Penn Law

By invitation only

Conference Organizers

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

Marcel Kahan
George T. Lowy Professor of Law
New York University School of Law

Andrew Metrick
Associate Professor of Finance
The Wharton School

Michael L. Wachter
William B. Johnson Professor of Law and Economics
Co-Director, Institute for Law and Economics
University of Pennsylvania Law School

 

Conference Schedule
FRIDAY, FEBRUARY 24
9:30 a.m. Registration and Continental Breakfast

10:00 a.m

Welcoming Remarks
Michael A. Fitts
Dean and Bernard G. Segal Professor of Law
University of Pennsylvania Law School

10:15 a.m. – 11:15 a.m.

Theodore Eisenberg
Cornell University Law School

Geoffrey P. Miller
New York University School of Law

Ex Ante Choices of Law and Forum:
An Empirical Analysis of Corporate Merger Agreements


Commentator:
Matthew Rhodes-Kropf
Columbia University
Graduate School of Business

11:15 a.m. – 11:30 a.m. Coffee Break
11:30 a.m. – 12:30 p.m.

Michael R. Roberts
The Wharton School
University of Pennsylvania

Is Financial Contracting Costly?
An Empirical Analysis of Debt Covenants
and Corporate Investment


Commentator:
Michael Klausner
Stanford Law School

12:30 p.m. – 1:30 p.m. Lunch Break
1:30 p.m. – 2:30 p.m.

Augustin Landier
Leonard Stern School of Business
New York University

Bottom-Up Corporate Governance

Commentator:
Ehud Kamar
University of Southern California Law School

2:30 p.m. – 3:30 p.m.

Mark J. Roe
Harvard Law School

Legal Origins and Stock Markets in the Twentieth Century

Commentator:
Luigi Zingales
The University of Chicago
Graduate School of Business

3:30 p.m. – 3:45 p.m. Coffee Break
3:45 p.m. – 4:45 p.m.

Andrei Shleifer
Harvard University

The Law and Economics of Self-Dealing

Commentator:
John C. Coates
Harvard Law School

SATURDAY, FEBRUARY 25
8:30 a.m. Continental Breakfast
9:00 a.m. – 10:00 a.m.

Katharina Pistor
Columbia Law School

How Law Affects Lending

Commentator:
Viral V. Acharya
London Business School

10:00 a.m. – 11:00 a.m.

Marcel Kahan
New York University School of Law

Edward B. Rock
University of Pennsylvania Law School

Hedge Funds in Corporate Governance and Corporate Control

Commentator:
Laura T. Starks
McCombs School of Business
University of Texas at Austin

11:00 a.m. – 11:15 a.m. Coffee Break
11:15 a.m. – 12:15 p.m.

Antoinette Schoar
Sloan School of Management
Massachusetts Institute of Technology

Judge-Specific Effects in Ch.11 and Firm Outcomes

Commentator:
Barry E. Adler
New York University School of Law

12:15 p.m. – 12:30 p.m. Closing Remarks