Program Registration Travel Information Ross Papers Finance Dept Past Symposia

13TH MITSUI LIFE SYMPOSIUM
"Value Creation:  Financing and Organizing the Firm"
Stephen M. Ross School of Business
University of Michigan
Ann Arbor, MI
June 7 - 9, 2007

Keynote Address: Jerry York, CEO, Harwinton Capital Corporation

 

Friday, June 8, 2007 Ross – Room E1540
9:00-10:30 a.m.	Session 1:  Innovation Chair:  E. Han Kim
	Bankruptcy Codes and Innovation                   Krishnamurthy Subramanian and Viral Acharya
	Discussant: Amir Sufi
	Dynamic Competition, Innovation and Strategic Financing                   Matthew Spiegel, Heather Tookes
	Discussant: Uday Rajan
10:45-12:15	Session 2:  Ownership and Control Chair: Sugato Bhattacharyya
	Conflicts of Interest among Shareholders: The Case of Corporate Acquisitions                   Dirk Jenter, Jarrad Harford, Kai Li
	Discussant: Frederik Schlingemann
	Why Do Public Firms Issue Private and Public Securities?                   Gordon Phillips and Armando Gomes
	Discussant: Michael Roberts
2:00-3:30 p.m.	Session 3:  Agency Costs Chair: Gautam Kaul
	Overinvestment, Corporate Governance, and Dividend Initiations                   Micah Officer
	Discussant: Gustavo Grullon
	Agency Problems at Dual-Class Companies                    Ron Masulis, Cong Wang, and Fei Xie
	Discussant: Anil Shivdasani
3:45-5:15 p.m.	Session 4:  Compensation Chair: Tyler Shumway
	Executive Pay, Hidden Compensation, and Managerial Entrenchment                   Camelia Kuhnen, and Jeffrey Zwiebel
	Discussant: Jaime Zender
	Neighborhood Matters: The Impact of Location on Broad Based Stock Option Plans                   Simi Kedia, and Shiva Rajgopal
	Discussant: Paul Oyer
7:00 p.m.	Dinner and keynote speech by Jerry York
Saturday, June 9, 2007 Ross – Room E1540
9:00-10:30 a.m.	Session 5:  Labor and Finance Chair: Lu Zhang
	Labor Market Institutions and Global Strategic Adaptation: Evidence from Lincoln Electric                   Jordan Siegel and Barbara Zepp Larson
	Discussant: Paola Sapienza
	ESOP Fables: The Impact of Employee Stock Ownership Plans on Labor Disputes                   Hamid Mehran, Peter Cramton, and Joseph Tracy
	Discussant: Yaniv Grinstein
10:45 -12:15	Session 6:  Financial Policy Chair: M. P. Narayanan
	Temporary vs. Permanent Shocks: Explaining Corporate Financial Policies                    Ilya Strebulaev and Alexander Gorbenko
	Discussant: Dmitry Livdan
	Corporate Financial and Investment Policies When Future Financing Is Not Frictionless                    Michael Weisbach, Heitor Almeida, and Murillo Campello
	Discussant: Antonio Mello
12:15-1:30 p.m.	Lunch and Best Paper Award Ross – Room W0750