Corporate Finance 2004

Sponsored by UNC’s Wachovia Center for Corporate Finance and Duke Global Capital Markets Center

September 30-October 1, 2004
Durham/Chapel Hill, NC


Thursday,  September 30

Location:  Duke University

Session 1:  2-3:40 p.m.
Location: Duke – Fuqua School of Business – Conference Room 11 and 12

Accounting and Finance

Session Chair: Michael Fishman (Northwestern)

                 Discussant:  Jeff Coles (Arizona State University)

                 Discussant:  Richard Willis (Duke)

Session 2: 4-5:40 p.m.

Managerial Decisions

Session Chair:  Steve Kaplan (University of Chicago)

                 Discussant: Ulrike Malmendier (Stanford)

  • “How are Firms Sold?”
             Audra Boone (College of William & Mary)
             J. Harold Mulherin (Claremont McKenna College)

                 Discussant: David Robinson (Duke)

5:45-6:30 p.m.   Reception

6:30-8:30 p.m.   Dinner
Dinner Speaker:  David Yermack (NYU), “Flights of Fancy:  Corporate Jets, CEO Perquisites, and Inferior Shareholder Returns”    

Friday, October 1

Location:  UNC

Breakfast: 7:30-8:10 a.m.
8:15 am: Bus departs for UNC Kenan-Flagler Business School

Session 3: 9-10:40 a.m.
Room: 204 Kenan Center

Ownership Structure

Session Chair: René Stulz (Ohio State University)

                 Discussant: Matthias Kahl (UNC)

                 Discussant:  Yiorgos Allayannis (Virginia)

Session 4: 11 a.m. -12:40 p.m.
Room: 204 Kenan Center

Corporate Governance

Session Chair: Ken French (Dartmouth University)

                 Discussant:  Utpal Bhattacharyra (Indiana University)

                 Discussant:  David Denis (Purdue University)

12:45-1:45 p.m.  Lunch

Session 5: 1:50 – 4:20 p.m.
Room: 204 Kenan Center

Corporate Diversification and Internal Capital Markets

Session Chair: David Scharfstein (Harvard Business School)

                 Discussant:  Greg Brown (UNC)

                 Discussant: Michael Lemmon (University of Utah)

                 Discussant:  Henri Servaes (London Business School)

Conference ends at 4:20 p.m.

4:30 pm: Shuttle departs to RDU airport

4:30-5:30 pm: Wine and cheese in Kenan Lounge