Home > Research Papers, Publications & Events > 26th NBER-TCER-CEPR Conference on Corporate Governance (Follow-up conference)

26TH NBER-TCER-CEPR CONFERENCE ON CORPORATE GOVERNANCE (FOLLOW-UP CONFERENCE)

Outline

26th NBER-TCER-CEPR Conference on Corporate Governance was held on Jun. 22th, 2017, co-sponsored by University of Tokyo (The Center for Advanced Research in Finance (CARF), and Center for International Research on the Japanese Economy (CIRJE)) and the Research Institute of Capital Formation (RICF), Development Bank of Japan. This is the follow-up conference of 26th TRIO Conference on corporate governance held from Dec. 8th to 9th, 2016.

Overview

Date: June 22th, 2017 / Thu 10:00 - 17:45
Venue: University of Tokyo, Kojima Hall
Sponsors: Center for Economic Policy Research (CEPR), National Bureau of Economic Research (NBER), Tokyo Center for Economic Research (TCER)
Co-sponsors: University of Tokyo (the Center for Advanced Research in Finance (CARF), and Center for International Research on the Japanese Economy(CIRJE)), and Research Institute of Capital Formation (RICF), Development Bank of Japan
Organizers: Franklin Allen, Shin-ichi Fukuda, and Takeo Hoshi

Program

Chair: Takeo Hoshi (Stanford University and NBER)
10:00~11:00 Franklin Allen (Imperial College London, CEPR, and NBER)
International Evidence on Firm Level Decisions in Response to the Crisis: Shareholders vs. Other Stakeholders
Discussant Kenichi Ueda (University of Tokyo)
11:00~12:00 Hideaki Miyajima (Waseda University)
Changes in Corporate Governance and President Turnover: The Evidence from Japan
Discussant Yupana Wiwattanakantang (National University of Singapore)
Break 12:00~13:30
Chair: Jun-ichi Nakamura (Development Bank of Japan)
13:30~14:30 Randall Morck (University of Alberta and NBER)
State-Run Banks, Money Growth, and the Real Economy
Discussant Re-Jin Guo (University of Illinois at Chicago)
14:30~15:30 Kotaro Inoue (Tokyo Institute of Technology)
Enjoying the Quiet Life: Corporate Decision-Making by Entrenched Managers
Discussant Masao Nakamura (University of British Columbia)
Break 15:30~15:45
Chair: Shin-ichi Fukuda (University of Tokyo)
15:45~16:45 Benjamin Hermalin (University of California at Berkeley)
Biased Monitors: Corporate Governance When Managerial Ability is Mis-Assessed
Discussant Heather Montgomery (International Christian University)
16:45~17:45 Takeo Hoshi (Stanford University and NBER)
Decline of Bank-Led Restructuring in Japan: 1980-2010
Discussant Yoshiaki Ogura (Waseda University)