Institute for Law and Economics

Penn Law

2014 PENN / NYU CONFERENCE

TENTH 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 28, 2014
9:30 a.m. to 5:00 p.m.

Saturday, MARCH 1, 2014
8:30 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

William T. Allen
Nusbaum Professor of Law and Business
New York University School of Law

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

Stephen Choi
Murray and Kathleen Bring Professor of Law
New York University School of Law

Jill E. Fisch
Perry Golkin Professor of Law
University of Pennsylvania Law School

Itay Goldstein
Professor of Finance
The Wharton School, University of Pennsylvania

David Yermack
Albert Fingerhut Professor of Finance and Business Transformation
Leonard N. Stern School of Business, New York University

 

 

View all papers for the conference (available only to attendees)

Conference Schedule

FRIDAY, FEBRUARY 28
9:30 a.m. Registration and Breakfast

10:00 a.m

Welcoming Remarks

10:15 a.m. – 11:15 a.m.

Erik Gilje
The Wharton School, University of Pennsylvania

Jérôme P. Taillard
Carroll School of Management, Boston College

Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry

Commentator:
Todd Henderson
University of Chicago Law School

Moderator:
William W. Bratton
University of Pennsylvania Law School

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

Marcel Kahan
New York University School of Law

Edward Rock
University of Pennsylvania Law School

Symbolic Corporate Governance Politics

Commentator:
Daniel Wolfenzon
Columbia  Business School

Moderator:
William W. Bratton
University of Pennsylvania Law School

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

Eric A. Posner
University of Chicago Law School

E. Glen Weyl
University of Chicago Law School

Quadratic Voting as Efficient Corporate Governance

Commentator:
David Yermack

Leonard N. Stern School of Business, New York University

Moderator:
Stephen Choi
New York University School of Law

2:30 p.m. – 3:30 p.m.

Patrick Augustin
Desautels Faculty of Management, McGill University

Menachem Brenner 
Leonard N. Stern School of Business, New York University

Marti Subrahmanyam
Leonard N. Stern School of Business, New York University

Informed Options Trading prior to M&A Announcements: Insider Trading?

Commentator:
Vic Khanna
University of Michigan Law School

Moderator:
Stephen Choi
New York University School of Law

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

John Morley
Yale Law School

The Separation of Funds and Managers: A Theory of Investment Fund Structure and Regulation

Commentator:
Martijn Cremers
University of Notre Dame, Mendoza College of Business

Moderator:
Jill Fisch
University of Pennsylvania Law School

SATURDAY, MARCH 1
8:30 a.m. Breakfast
9:00 a.m. – 10:00 a.m.

B. Espen Eckbo
Tuck School of Business, Dartmouth College

Tanakorn Makaew
Darla Moore School of Business, University of South Carolina

Karin S. Thorburn
Norwegian School of Economics

Are stock-financed takeovers opportunistic?

Commentator:
Eric Talley
University of California, Berkeley, School of Law

Moderator:
Itay Goldstein
The Wharton School, University of Pennsylvania

10:00 a.m. – 11:00 a.m.

Daniel Ferreira
London School of Economics

David Kershaw
London School of Economics

Tom Kirchmaier
London School of Economics

Edmund Schuster
London School of Economics

Shareholder Empowerment and Bank Bailouts

Commentator:
Philipp Schnabl
Leonard N. Stern School of Business, New York University

Moderator:
Itay Goldstein
The Wharton School, University of Pennsylvania

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

Simon Gervais
The Fuqua School of Business, Duke University

Günter Strobl
Frankfurt School of Finance and Management

Transparency and Talent Allocation in Money Management

Commentator:
Ryan Bubb
New York University School of Law

Moderator:
Michael Wachter
University of Pennsylvania Law School

12:15 p.m. – 12:30 p.m. Closing