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Mitsui Life Financial Research Center

9th Mitsui Life Symposium on Global Financial Markets:
Microanalysis and Emerging Markets
University of Michigan Business School
Ann Arbor, Michigan USA

June 11 & 12, 2004


PROGRAM

Friday,
June 11 
Afternoon

 

        MODERATOR: E. Han Kim (University of Michigan)

 1:30 – 2:30

“Corporate Governance and Taxation”

Mihir A. Desai (Harvard University and NBER)
Alexander Dyck (
Harvard University)
Luigi Zingales (
University of Chicago, NBER, and CEPR)

Discussant: Joel Slemrod (University of Michigan & NBER)  

 2:30 – 3:30

“Do Firms Want to Borrow More? Testing Credit Constraints
Using a Directed Lending Program”

Abhijit Banerjee (MIT & NBER)

Esther Duflo (MIT & NBER)

Discussant: Nandini Gupta (
Indiana University)

 4:00 – 5:00

“Cross Border Mergers and Acquisitions in Emerging Markets:
The Stock Market Valuation of Corporate Control”

Anusha Chari (University of Michigan)
Paige Parker Ouimet (
University of Michigan)
Linda Tesar (University of Michigan and NBER)

Discussant: Atif Mian (University of Chicago)
 

Dinner by Invitation

MEMIS Roll Out

Adair Morse (University of Michigan)

Saturday, June 12

Morning

 

        MODERATOR: Kathryn Dominguez, University of Michigan

 9:00 – 10:00

“Shelters from the Storm: The Benefits of Multinationals during Currency Crises”

Mihir A. Desai (Harvard University and NBER)
Fritz Foley (
University of Michigan)
Kristin Forbes (MIT and NBER)

Discussant: Yiorgos Allayannis (University of Virginia)
 

10:00 – 11: 00

“Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations”

Anusha Chari (University of Michigan)
Peter Blair Henry (
Stanford University and NBER)

Discussant: Chang-Tai Hsieh (UC Berkeley & NBER)

11:30 – 12:30

“Mixing Family with Business: A Study of Thai Business Families”

Marianne Bertrand (University of Chicago & NBER)
Simon Johnson (MIT & NBER)
Krislert Samphantharak (UC
San Diego)
Antoinette Schoar (MIT & NBER)

Discussant: Francisco Perez-Gonzalez (Columbia University)

 

        MODERATOR: M.P. Narayanan, University of Michigan 

 2:15 – 3:15

“Do Rural Banks Matter? Evidence from the Indian
Social Banking Experiment”

Robin Burgess (London School of Economics)
Rohini Pande (
Yale University)

Discussant: Paola Sapienza (Northwestern University)
 

 3:15 – 4:15

“Political Connections and Government Bailouts”

Mara Faccio (Vanderbilt University)
Ron Masulis (Vanderbilt University)
John McConnell (
Purdue University)

Discussant: Art Durnev (University of Miami)
 


 

University of MichiganUniversity of Michigan Business School