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Inaugural Network Conference |
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28-29
January 2005
Hosted by the Saïd Business School, Oxford |
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Programme committee:
Guido Ferrarini, University of Genoa and ECGI,
Gerard Hertig, Swiss Federal Institute of Technology
and ECGI, Colin Mayer, Saïd Business School,
CEPR and ECGI, and Javier Suarez, Centro de Estudios
Monetarios y Financieros (CEMFI), CEPR and ECGI
Conference organisers:
Marco Becht, Université Libre de Bruxelles
(ULB), CEPR and ECGI, Alison Gomm, OXREP,
Tim Jenkinson, Saïd Business School, CEPR and ECGI,
Christine Miller, ECGI and Christine Seal,
Saïd Business School |
Programme
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Thursday
27 January 2005
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| 17.00 - 18.30 |
Regular weekly
finance seminar in Said Business School. Conference participants are
welcome to attend this |
| 18.30 |
Conference participants
arrive at Said Business School |
| 19.00 |
Dinner in Smollensky's for
conference participants and ECGI board members |
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Friday
28 January 2005
Papers Prepared for the
Special Issue of the Oxford Review of Economic Policy on Corporate
Governance |
| Boards and takeovers
– Chair Colin Mayer |
| 09.00-09.50 |
Board reform proposals
Gérard Hertig, Swiss Federal Institute
of Technology and ECGI
Discussant: Francesco Chiappetta, Telecom Italia |
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| 09.50-10.40 |
Regulation of takeovers
Luc Renneboog, Tilburg University and ECGI
Discussant: Mike Burkart, Stockholm School of Economics,
CEPR and ECGI
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| 10.40-11.10 |
Coffee |
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| Executive compensation
– Chair Tim Jenkinson |
| 11.10-12.00 |
The growth of executive compensation
in the US
Lucian Bebchuk, Harvard Law School, CEPR
and ECGI
Discussant: Ernst Ludwig von Thadden, University
of Mannheim, CEPR and ECGI
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| 12.00-12.50 |
Executive remuneration in Europe:
Guido Ferrarini, Law School, University of Genoa
and ECGI and Niamh Moloney, University of Nottingham
and ECGI
Discussant: Hans Hirt, Corporate Governance Manager
– Europe, Hermes Pensions Management
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| 12.50-14.00 |
Lunch |
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| Transition, emerging
markets and competition between systems – Chair Chris Allsopp |
| 14.00-14.50 |
Corporate governance in transition
economies
Erik Berglöf, Stockholm School of
Economics, CEPR and ECGI
Discussant: Stijn Claessens, World Bank, CEPR
and ECGI
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| 14.50-15.40 |
Corporate governance in emerging
markets
Franklin Allen, Wharton School, University
of Pennsylvania and ECGI
Discussant : George Dallas, Standard and Poors
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| 15.40-16.10 |
Tea |
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| 16.10-17.00 |
Competition between systems
Roberta Romano, Yale Law School and ECGI
Discussant: Zsuzsanna Fluck, Michigan State University
and WDI
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| 17.15 |
ECGTN Coordinators Meeting |
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| 19.00 |
Dinner |
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Saturday 29 January 2005
Papers Submitted to the European Corporate Governance Training
Network Programme
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| Legal systems
– Chair Javier Suarez |
| 09.00-09.50 |
What is the role of legal systems
in financial intermediation?
Laura Bottazzi, Bocconi University, Marco
da Rin, Turin University and ECGI and Thomas Hellmann,
University of British Columbia
Discussant: Oren Sussman, Saïd Business School
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| 09.50-10.40 |
How trivial are EC corporate
law directives and regulations?
Luca Enriques, University of Bologna
Discussant: Niamh Moloney, University of Nottingham
and ECGI
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| 10.40-11.10 |
Coffee |
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| Executive remuneration
– Chair Julian Franks |
| 11.10-12.00 |
Do directors perform for pay?
Renée Adams, Stockholm School of
Economics and ECGI and Daniel Ferreira, Stockholm
School of Economics and ECGI
Discussant: Francois Degeorge, University of
Lugano and ECGI |
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| 12.00-12.50 |
Understanding differences in
CEO compensation
Mariassunta Giannetti, Stockholm School
of Economics, CEPR and ECGI
Discussant: Alexander Gümbel, Saïd
Business School |
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| 12.50-14.00 |
Lunch |
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| Corporate ownership
– Chair Marco Becht |
| 14.00-14.50 |
Private benefits extraction
in closely-held corporations: The case for multiple large shareholders
Maria Gutiérrez, University Carlos
III of Madrid and ECGI and Josep Tribó,
University Carlos III of Madrid
Discussant: Alan Morrison, Saïd Business
School |
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| 14.50-15.40 |
What matters in corporate governance?
Allen Ferrell, Harvard Law School and ECGI,
Alma Cohen, National Bureau of Economic Research,
Analysis Group and Lucian Bebchuk, Harvard Law
School, CEPR and ECGI
Discussant: Yishay Yafeh, Hebrew University of
Jerusalem, CEPR and ECGI |
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| 15.40-16.10 |
Coffee |
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| 16.10-17.00 |
The political economy of dominant
investors
Enrico Perotti, University of Amsterdam
and CEPR, and Ernst Ludwig von Thadden, University
of Mannheim, CEPR and ECGI
Discussant: Paolo Volpin, London Business School,
CEPR and ECGI |
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| 19.00 |
Dinner |
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