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

2014 PENN / NYU CONFERENCE

TENTH ANNUAL PENN / NYU CONFERENCE ON LAW AND FINANCE

Conference Organizers

Conference Schedule

TENTH ANNUAL
PENN / NYU CONFERENCE ON LAW AND FINANCE