2010 Agenda
Entrepreneurial Finance and Innovation Conference
Preliminary Program
The Inn at Harvard, Harvard Square, Cambridge
June 13th
| 6:30 pm | Cocktail Reception |
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June 14th—Day 1
| 7:30 am | Breakfast | |
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| Session 1 | Chair: Thomas Chemmanur, Boston College | |
| 9:00 – 9:50 am |
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Wrongful Discharge Laws and Innovation by Viral Acharya, New York University; Ramin Baghai, London Business School; and Krishnamurthy Subramanian, Indian School of Business Discussant: Amit Seru, University of Chicago |
| 9:50 – 10:40 am |
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Tolerance for Failure and Corporate Innovation by Xuan Tian, Indiana University, and Tracy Wang, University of Minnesota. Discussant: William Kerr, Harvard University |
| 10:40 – 11:00 am | Coffee Break | |
| Session 2 | Chair: Hassan Tehranian, Boston College | |
| 11:00 – 11:50 am |
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Asset Specificity, Information Asymmetry and New Firm Financing by Catherine L. Mann, Brandeis University and Paroma Sanyal, Brandeis University Discussant: Karthik Krishnan, Northeastern University |
| 11:50 am – 12:40 pm |
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The Capital Structure Decisions of New Firms by Alicia Robb, Kauffman Foundation and University of California, Santa Cruz, and David Robinson, Duke University Discussant: Ivo Welch, Brown University |
| 12:40 – 2:00 pm |
Lunch
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| Session 3 | Chair: Robert Strom, Kauffman Foundation | |
| 2:00 – 2:50 pm |
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How are Venture Capitalists Rewarded? The Economics of Venture Capital Partnerships by Murillo Campello, University of Illinois, and Rafael Da Matta, University of Illinois Discussant: Ulrich Hege, HEC Paris |
| 2:50 – 3:40 pm |
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Private Equity Fund Returns: Do Managers Actually Leave Money on the Table? By Robert Marquez, Boston University; Vikram Nanda, Georgia Tech; and Mehmet Yavuz, Washington University, St. Louis Discussant: Merih Sevilir, University of North Carolina |
| 3:40 – 3:50 pm | Coffee Break | |
| Session 4 | Chair: Ivo Welch, Brown University | |
| 3:50 – 4:40 pm |
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Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007-2009 Crisis by Rajkamal Iyer, MIT; Samuel Lopes, European Central Bank; Jose-Luis Peydro, European Central Bank; and Antoinette Schoar, MIT Discussant: Victoria Ivashina, Harvard University |
| 4:40 – 5:30 pm |
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How Do Venture Capital Partners Match with Startup Founders? By Ola Bengtsson, University of Illinois and David Hsu, University of Pennsylvania Discussant: Morten Sorenson, Columbia University |
| 6:00 pm |
Dinner
Keynote Speech by Professor Boyan Jovanovic: "Reputations versus Long-Term Contracts" |
June 15th—Day 2
| 7:00 am | Breakfast | |
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| Session 5 | Chair: Paolo Fulghieri, University of North Carolina | |
| 8:30 – 9:20 am |
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Venture Capitalists in Mature Public Firms by Ugur Celikyurt, Koc University; Merih Sevilir, University of North Carolina; and Anil Shivdasani, University of North Carolina Discussant: David Robinson, Duke University |
| 9:20 – 10:10 am |
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The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis by William Kerr, Harvard University; Josh Lerner, Harvard University; and Antoinette Schoar, MIT Discussant: Jean Helwege, University of South Carolina |
| 10:10 – 10:30 am | Coffee Break | |
| Session 6 | Chair: Antoinette Schoar, MIT | |
| 10:30 – 11:20 am |
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Is Pay-for-Performance Detrimental to Innovation? by Florian Ederer, UCLA and Gustavo Manso, MIT Discussant: Robert Marquez, Boston University |
| 11:20 am – 12:10 pm |
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Peer Monitoring and Syndicate Formation: Theory and Evidence on Venture Capital Syndicates and the Dynamics of VC Interactions by Thomas Chemmanur, Boston College and Xuan Tian, Indiana University Discussant: Vikram Nanda, Georgia Tech. |
| 12:10 – 2:00 pm |
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Lunch
Keynote Speech by Professor Josh Lerner: "Private equity, risk, and government regulation: The great challenge" |
| Session 7 | Chair: Debarshi Nandy, York University | |
| 2:00 – 2:50 pm |
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The Effects of Government-Sponsored Venture Capital: International Evidence by James Brander, University of British Columbia; Qianqian Du, Shanghai Advanced Institute of Finance; and Thomas Hellmann, University of British Columbia Discussant: David Hsu, University of Pennsylvania |
| 2:50 – 3:40 pm |
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Bankruptcy Reform Act of 2005 and Entrepreneurial Activity by Yongwook Paik, University of Southern California Discussant: Zhipheng Zhang, Boston College |
| 3:40 | Adjourn |