Corporate Governance and the "New Economy"

Corporate Governance and the "New Economy"

  • 13 - 14 April 2002
  • Brussels, Belgium

An ESF Exploratory Workshop
Organised By CEPR and ECGI in collaboration with ECARES
Brussels, 13/14 April 2002

Information

Address:
Brussels, Belgium
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

13 April 2002

12:30
- 14:00

Lunch

Back to full programme

Session 1 Corporate Governance and Financial Systems

Time:
14:00h
- 16:00h

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

Daniela Klingebiel

Conference Documents

16:00
- 16:30

Coffee break

Back to full programme

Session 2 Capital Structure

Time:
16:30h
- 18:30h

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

19:00

Dinner

14 April 2002

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Session 3 Innovation

Time:
08:30h
- 10:30h

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

10:30
- 11:00

Coffee break

Back to full programme

Session 4 Shareholder Agreements and Venture Capital Contracts

Time:
11:00h
- 13:00h

    
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

Frederic Martel

Conference Documents

13:00

Conclusion followed by lunch

Speakers

Daniela Klingebiel
Frederic Martel

Presentations

Back to all presentations

Session 1 Corporate Governance and Financial Systems

Time:
14:00h
- 16:00h

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

Daniela Klingebiel

Conference Documents

Back to all presentations

Session 2 Capital Structure

Time:
16:30h
- 18:30h

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

Back to all presentations

Session 3 Innovation

Time:
08:30h
- 10:30h

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

Back to all presentations

Session 4 Shareholder Agreements and Venture Capital Contracts

Time:
11:00h
- 13:00h

    
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

Frederic Martel

Conference Documents