SAKURA CONFERENCE
Corporate Governance and Politics of Finance
March 31,
2008
VEUNE: Institute
of Economic Research (Meeting Room, 4F)
Hitotsubashi University, Tokyo
ORGANIZERS
- University of Alberta School of
Business, Canada
- Copenhagen
Business School, Denmark
- Hitotsubashi University, Japan
PROGRAM COMMITTEE
Morten Bennedsen (Copenhagen Business School)
Vikas
Mehrotra (University of Alberta),
Yupana Wiwattanakantang (Hitotsubashi University)
FUNDING Eldon Foote Chair in International Business at the University of Alberta School of Business, CanadaCentre for Economic and Business Research (CEBR), Denmark
National Social Science Foundation, Denmark
Center for Economic Institutions at the Institute of Economic Research, Hitotsubashi University, Japan
Hitotsubashi University 21st Century COE (Center of Excellence) Program: Normative Evaluation and Social Choice of Contemporary Economic Systems, Japan
Grant-in-Aid Scientific Research, Japan.
PROGRAM
Session 1: Family
firms: work in progress
Chair: Lloyd Steier
(University of Alberta)
9.00 - 9.40 Vikas Mehrotra (University of Alberta), Randall
Morck (University of Alberta), Jungwook Shim (Hitotsubashi University), Yupana
Wiwattanakantang (Hitotsubashi University)
Succession in Post-war Japanese Family Firms
9.40 – 10.20 Morten
Bennedsen (Copenhagen Business School), Kasper Meisner Nielsen (Chinese
University of Hong Kong), and Thomas Vester Nielsen (BankInvest)
Private Contracting
and Corporate Governance: Evidence from the
Provision of
Tag-Along Rights in an Emerging Market
10.20 – 10.50 Coffee/tea time
Session 2: Governance
in China
Chair: Hiroyuki Okamuro (Hitotsubashi
University)
10.50-11.40 Joseph Fan (Chinese University of Hong Kong), Jun Huang (Chinese University
of Hong Kong), Felix
Oberholzer-Gee (Harvard University) and Mengxin Zhao (Bentley
Collage)
Corporate Diversification in China:
Causes and Consequences
Discussant: Seki Obata (Keio University)
11.40-
12.30 Raghu Rau (Purdue
University), Yan-Leung Cheung (City University of Hong Kong), Aris
Stouraitis, (City University of Hong Kong)
Discussant:
Kasper M. Nielsen
(Chinese University of Hong Kong)
12.30- 14.00 Lunch
Session 3: Managers
and Boards
Chair: Fukuda Shinichi
(Tokyo University)
14.00
-14.50 Daniel
Ferreira (London School of Economics), Miguel A. Ferreira (ISCTE
Business School) and Clara C. Raposo (ISCTE Business School)
Board Structure and Price Informativeness
Discussant: Wayne
Mikkelson (University of Oregon)
14.50-15.40 Rüdiger Fahlenbrach (Ohio State University)
and René M. Stulz (Ohio State University)
Managerial
ownership dynamics and firm value
Discussant: Renee
Adams (University of Queensland)
15.40 -16.00 Coffee/tea time
Session 4: Politics
in Finance
Chair: Steen Thomsen (Copenhagen
Business School)
16.00 - 16.50 Stefano Rossi
(Stockholm School of Economics) and Nicola Gennaioli (Universitat Pompeu Fabra
and Stockholm School of Economics)
Judicial Discretion in
Corporate Bankruptcy
Discussant: Worawat
Margsiri (Fordham University)
16.50 - 17.40 Art Durnyev (McGill
University), Maria Boutchkova (Concordia University), Hitesh Doshi (McGill
University), and Alexander Molchanov (Massey University)
Politics and Stock Markets Volatility
Discussant: Pantisa
Pavabutr (Thammasat
University)
17.40 – 18.00 SUM UP
Randall Morck (University of
Alberta)
18.30
Kaiseki
dinner (Kicho Tachikawa)