Universidad Internacional Menéndez Pelayo
Summer School

CORPORATE GOVERNANCE
ECONOMIC, FINANCIAL, AND LEGAL PERSPECTIVES

11-15 August 2008, Santander, Spain

PROGRAMME

LECTURES:
Monday, 11 August 2008
10:00 - 13:30
The basic framework model (Patrick Bolton)
Corporate Governance and Performance (Ailsa Roell)
Ownership and Control (Patrick Bolton)
Tuesday, 12 August 2008
10:00 - 13:30
Large Shareholder Monitoring (Patrick Bolton)
One-share-one-vote (Patrick Bolton)
Disclosure, BOD and Regulation (Patrick Bolton)
Wednesday, 13 August 2008
10:00 - 13:30
Takeovers and Proxy Fights (Patrick Bolton)
Suizer Case (Marco Becht)
Leveraged Buyouts Theory (Patrick Bolton)
Thursday, 14 August 2008
10:00 - 13:30
USG Case (Patrick Bolton)
Sunguard Case (Marco Becht)
Friday, 15 August 2008
10:00 - 13:30
Shareholder Activism (Marco Becht)
Executive Compensation (Ailsa Roell)
AFTERNOON SESSIONS:
Monday, 11 August 2008
15:30 - 17:30
David Dicks (Northwestern University): "Executive Compensation, Incentives, and the Role for Corporate Governance Regulation"
Eduard Alonso-Paulí (Universidad Pablo de Olavide): "Codes of Best Practice in Competitive Markets for Managers"
Laura Arranz Aperte (Swedish School of Economics): "How to pay the CEO in the face of restructuring?"
Thomas Schmid (Technische Universität München): "Family firms and organizational behaviour – Empirical evidence from diversification, hedging, capital structure and payout policy decisions"
Tuesday, 12 August 2008
15:30 - 17:30
Konrad Raff (Toulouse School of Economics): "Information Externalities in Corporate Governance"
Matthieu Bouvard (Université Toulouse 1): "Real option financing under asymmetric information"
Simone Hirschvogl (ECARES, Université Libre de Bruxelles): "Governance and Fee Setting in the Mutual Fund Industry"
Javed Ahmed (UC Berkeley, Haas School of Business): "Marketing and advisor selection in M&A"
Wednesday, 13 August 2008
15:30 - 17:30
Natalia Guseva (University of Lausanne): "The Role of Corporate Governance in Tender Offers"
Samuel Lee (Stockholm School of Economics): "A Goldrush Model of Buyout Wav"
Theodosios Dimopoulos (London Business School): "Entry costs in takeover contests: an empirical investigation"
Yujin Jeong (George Washington University): "Markets for Corporate Control vs. Markets for Corporate Assets: Insights from Corporate Governance"
Thursday, 14 August 2008
15:30 - 17:30
Michal Kowalik (University of Mannheim): "Endogenizing the Scope of the Stigma of Failure"
David Martínez (CEMFI): "Capital Requirements and Bank Failure"
Shan Zhao (Toulouse School of Economics): "When Bank Loans are Bad News: Market Reactions to Loan Announcements under the Risk of Expropriation"
Ulrich Schüwer (Goethe-University Frankfurt): "The Euro 4 Billion Gambling Loss and Failure of the Mortgage Bank AHBR: Clinical Study on Risk-Shifting and Accounting Manipulation"

 

CEMFI