SECOND THEORY WORKSHOP ON CORPORATE FINANCE AND FINANCIAL MARKETS

Organizers: Viral Acharya (NYU) and Adriano Rampini (Duke University)
Saturday, May 1, 2010 at NYU Stern, 44 West 4th St, New York, NY
KMC (Kaufmann Management Center) 3-55

Program:

Friday, April 30

7:00pm

Dinner at NYU's Torch Club, 18 Waverly Place, New York, NY [Tel: (212) 998-6724]

Saturday, May 1

08:00-09:00

Breakfast [Gardner Commons, Shimkin Lobby]

09:00-10:00

Commitment Contracts
Philip Bond (University of Pennsylvania) and Gustav Sigurdsson (University of Pennsylvania)

10:00-11:00

Rewarding Trading Skills Without Inducing Gambling
Igor Makarov (London Business School) and Guillaume Plantin (Toulouse School of Economics)

11:00-11:30

Break

11:30-12:30

Market-Timing, Investment, and Risk Management
Patrick Bolton (Columbia University), Hui Chen (MIT), and Neng Wang (Columbia University)

12:30-2:00

Lunch + Discussion on future meetings [Gardner Commons, Shimkin Lobby]

2:00-3:00

Rating Agencies in the Face of Regulation: Rating Inflation and Rating Arbitrage
Christian Opp (University of Pennsylvania), Marcus Opp (University of California at Berkeley), and Milton Harris (University of Chicago)

3:00-3:30

Break

3:30-4:30

Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
Alex Edmans (University of Pennsylvania) and Xavier Gabaix (NYU)

4:30

Adjourn

Participants (by invitation only)

Adolfo De Motta (McGill)
Adriano Rampini (Duke)
Alex Edmans (Wharton)
Archishman Chakraborty (York)
Bilge Yilmaz (Wharton)
Dirk Hackbarth (UIUC)
Dmitry Livdan (Berkeley)
Guillaume Plantin (Toulouse)
Gustav Sigurdsson (Wharton)
Gustavo Manso (MIT)
Haresh Sapra (Chicago)
Igor Makarov (LBS)
Ilya Strebulaev (Stanford)

Itay Goldstein (Wharton)
Jennifer Huang (Texas)
Jianjun Miao (BU)
Joao Gomes (Wharton)
Marcus Opp (Berkeley)
Matthieu Bouvard (McGill)
Neng Wang (Columbia)
Nittai Bergman (MIT)
Ohad Kadan (WashU)
Paul Povel (Houston)
Philip Bond (Wharton)
Philipp Illeditsch (Wharton)
Raj Singh (Minnesota)

Rich Mathews (Duke)
Robert Marquez (BU),
Samuel Lee (NYU),
Simon Gervais (Duke)
Tomasz Pikorski (Columbia)
Uday Rajan (Michigan)
Ulf Axelson (LSE)
Vincent Glode (Wharton)
Viral Acharya (NYU)
Xavier Gabaix (NYU)
Yrjo Koskinen (BU)
Zhiguo He (Chicago)