Creditors and Corporate Governance September 11-12, 2014

Saieh Hall for Economics, Room 021

Organizers: Douglas Baird, University Of Chicago Law School

Anthony Casey, University Of Chicago Law School Amir Sufi , University of Chicago Booth School of Business Thursday, September 11

9:00am-9:15am

Introduction

9:15am-10:00am

Creditor Confl ict and the Eff ic iency of Corporate Reorganization David C. Smith, University of Virginia

10:00am-10:45am

Covenant Thresholds and the Agency Costs of Debt Adam Badawi, Washington University, St. Louis

10:45am-11:00am

Break

11:00am-11:45am

Trade Creditors in Bankruptcy Benjamin Iverson, Northwestern University

11:45am-12:30pm

Capital Structure with Endogenous Liquidation Values Antonio Bernardo, University of California, Los Angeles

12:30pm-1:45pm

Lunch

1:45pm-2:30pm

Municipal Bankruptcy as a Governance Lever David Arthur Skeel, University of Pennsylvania

2:30pm-3:15pm

Sel l ing Fai led Banks Gregor Matvos, University of Chicago Booth School of Business Amit Seru, University of Chicago Booth School of Business

3:15pm-3:30pm

Break

3:30pm-4:15pm

Court Enforcement and Firm Productiv ity: Evidence from a Bankruptcy Reform in Brazi l Jacopo Ponticelli, University of Chicago Booth School of Business

       

4:15pm-5:30

Leasing and Capital Reallocation Efraim Benmelech, Northwestern University

Fr iday, September 12

9:00am-9:45am

Cashing out: M&A and Creditor Control in Chapter 11 Edith Hotchkiss, Boston College

9:45am-10:30am

Roll -ups, Debtor- in-Possession Financing, and Creditor Control in Bankruptcy Reorganization Frederick Tung, Boston University

10:30am-10:45am

Break

10:45am-11:30am

The Double-Edged Sword of Withdrawal Rights Ken Ayotte, University of California, Berkeley

11:30am-12:15pm

The New Corporate Web Anthony Casey, University of Chicago Law School