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Contemporary Corporate Finance Issues III
Tuck School of Business at Dartmouth
July 9-10, 2004

Tuck's Center for Corporate Governance held its third bi-annual academic conference, Contemporary Corporate Finance Issues III. The two-day conference featured 10 papers across areas in corporate finance.

This event brought academics from around the world to Hanover to discuss current research on corporate finance and corporate governance. Conference papers are provided below.

Detailed Conference Program

July 2004 Conference Participants


Friday, July 9
9:00 - 9:45 "Capital Structure Decisions: Which Factors are Reliably Important?"

Murray Franks, University of British Columbia
Vidhan K. Goyal, Hong Kong University of Science & Technology
Discussant: Katharina Lewellyn, Massachusetts Institute of Technology

9:45 - 10:30 "Do Firms Rebalance Their Capital Structures?"

Mark T. Leary, Duke University
Michael N. Roberts, Duke University
Discussant: Murray Franks, University of British Columbia

11:00 - 11:45 "Are IPO Allocations for Sale? Evidence From Mutual Funds"

Jonathan Reuter, University of Oregon
Discussant: Alexander Ljungqvist, New York University

1:00 - 1:45 "Does Prospect Theory Explain IPO Market Behavior?"

Alexander Ljungqvist, New York University
William J. Wilhelm, Jr., University of Virginia
Discussant: Malcolm Baker, Harvard Business School

1:45 - 2:30 "Determinants and implications of arbitrage holdings in acquistions"

Jim Hsieh, George Mason University
Ralph A. Walkling, Ohio State University
Discussant: Jun Qian, Boston College

3:00 - 3:45 "Payout Policy in the 21st Century"

Campbell R. Harvey, Duke University and NBER
Alon Brav, Duke University
John R. Graham, Duke University
Roni Michaely, Cornell University and The Inter-Disciplinary Center
Discussant: Rafael LaPorta, Tuck School of Business, Dartmouth College

Saturday, July 10
9:00 - 9:45 A.M. "Analyst Coverage and Capital Structure Decisions"
Sudipto Dasgupta, Hong Kong University of Science & Technology
Gilles Hilary, Hong Kong University of Science & Technology
Xin Chang, University of Melbourne
Discussant: Kent L. Womack, Tuck School of Business, Dartmouth College

9:45 - 10:30 "Do Bank Relationships Affect the Firm's Underwriter Choice in the Corporate-Bond Underwriting Market?

Ayako Yasuda, University of Pennsylvania
Discussant: Steven Drucker, Stanford University

11:00 - 11:45 "On the Capital Structure Implications of Bankruptcy Codes"

Kose John, New York University
Rangarajan K. Sundaram, New York University
Viral V. Acharya, London Business School
Discussant: Karin S. Thorburn, Tuck School of Business, Dartmouth College

1:00 - 1:45 "Wealth Destruction on a Massive Scale? A Study of Acquiring-firm Returns in the Recent Merger Wave"

Sara Moeller, Southern Methodist University
Frederik P. Schlingemann, University of Pittsburg
Rene Stulz, Ohio State University
Discussant: Sandra Betton, Concordia University

For more information, please call 603-646-3412 or send email to corp.gov.center@dartmouth.edu.