An ESF Exploratory Workshop
Organised By CEPR and ECGI in collaboration with ECARES
Brussels, 13/14 April 2002
Information
13 April 2002
Lunch
Session 1 Corporate Governance and Financial Systems
Speakers:
Session 1 Corporate Governance and Financial Systems
Objectivity, Proximity and Adaptability in Corporate Governance
Arnoud Boot (Universiteit van Amsterdam and CEPR)
Jonathan Macey (Cornell University)
Presenter: Erik Berglof (SITE, Stockholm School of Economics and CEPR)
The Future of Stock Markets: Evolution and Prospects
Stijn Claessens (Universiteit van Amsterdam and CEPR)
Daniela Klingebiel (The World Bank)
Sergio Schmukler (The World Bank)
Presenter: Joseph Zechner (Universität Wien and CEPR)
Speakers
Conference Documents
Coffee break
Session 2 Capital Structure
Session 2 Capital Structure
The Good Cop and the Bad Cop: Complementarities between Debt an Equity in Disciplining Management
Alexander Guembel (University of Oxford)
Lucy White (University of Oxford and CEPR)
Presenter: Sudipto Bhattacharya (London School of Economics and CEPR)
Capital Structure and Transparency
Andres Almazan (University of Texas)
Javier Suarez (Centre for Monetary and Financial Studies and CEPR)
Sheridan Titman (University of Texas)
Presenter: Giovanna Nicodano (Università di Torino)
Speakers
Conference Documents
Dinner
14 April 2002
Session 3 Innovation
Session 3 Innovation
The Ownership and Financing of Innovation in R&D Races
Paolo Fulghieri (INSEAD and CEPR)
Merih Sevilir (INSEAD)
Presenter: Ulrich Hege (HEC School of Management and CEPR)
Entrepreneurs and New Ideas
Enrico Perotti (Universiteit van Amsterdam and CEPR)
Bruno Biais (Université de Toulouse and CEPR)
Presenter: Guido Freibel (SITE, Stockholm School of Economics and CEPR)
Speakers
Conference Documents
Coffee break
Session 4 Shareholder Agreements and Venture Capital Contracts
Speakers:
Session 4 Shareholder Agreements and Venture Capital Contracts
An Analysis of Shareholder Agreements
Giles Chemla (University of British Columbia and CEPR)
Michel Habib (London Business School)
Alexander Ljungqvist (New York University and CEPR)
Presenter: Zsuzanna Fluck (Michigan State University)
Financial Contracting, Legal Institutions and Learning: A Study of International Venture Capital Contracts
Steven Kaplan (University of Chicago)
Per Stromberg (University of Chicago and CEPR)
Frederic Martel (UBS, Asset Management AG)
Presenter: Lucy White (University of Oxford and CEPR)
Speakers
Conference Documents
Conclusion followed by lunch
Speakers
Presentations
Session 1 Corporate Governance and Financial Systems
Objectivity, Proximity and Adaptability in Corporate Governance
Arnoud Boot (Universiteit van Amsterdam and CEPR)
Jonathan Macey (Cornell University)
Presenter: Erik Berglof (SITE, Stockholm School of Economics and CEPR)
The Future of Stock Markets: Evolution and Prospects
Stijn Claessens (Universiteit van Amsterdam and CEPR)
Daniela Klingebiel (The World Bank)
Sergio Schmukler (The World Bank)
Presenter: Joseph Zechner (Universität Wien and CEPR)
Speakers
Conference Documents
Session 2 Capital Structure
The Good Cop and the Bad Cop: Complementarities between Debt an Equity in Disciplining Management
Alexander Guembel (University of Oxford)
Lucy White (University of Oxford and CEPR)
Presenter: Sudipto Bhattacharya (London School of Economics and CEPR)
Capital Structure and Transparency
Andres Almazan (University of Texas)
Javier Suarez (Centre for Monetary and Financial Studies and CEPR)
Sheridan Titman (University of Texas)
Presenter: Giovanna Nicodano (Università di Torino)
Speakers
Conference Documents
Session 3 Innovation
The Ownership and Financing of Innovation in R&D Races
Paolo Fulghieri (INSEAD and CEPR)
Merih Sevilir (INSEAD)
Presenter: Ulrich Hege (HEC School of Management and CEPR)
Entrepreneurs and New Ideas
Enrico Perotti (Universiteit van Amsterdam and CEPR)
Bruno Biais (Université de Toulouse and CEPR)
Presenter: Guido Freibel (SITE, Stockholm School of Economics and CEPR)
Speakers
Conference Documents
Session 4 Shareholder Agreements and Venture Capital Contracts
An Analysis of Shareholder Agreements
Giles Chemla (University of British Columbia and CEPR)
Michel Habib (London Business School)
Alexander Ljungqvist (New York University and CEPR)
Presenter: Zsuzanna Fluck (Michigan State University)
Financial Contracting, Legal Institutions and Learning: A Study of International Venture Capital Contracts
Steven Kaplan (University of Chicago)
Per Stromberg (University of Chicago and CEPR)
Frederic Martel (UBS, Asset Management AG)
Presenter: Lucy White (University of Oxford and CEPR)