2013 – Industrial Organization and Corporate Finance
Program
IFN Stockholm Conference on
Industrial Organization and Corporate Finance
Updated June 10, 2013
Each presentation should take 20 minutes, the discussant may use 5 minutes and 20 minutes are devoted to general discussion.
--- Wednesday June 12 ---
19.00 Pre Conference Dinner
Waxholm's Hotel, for conference participants arriving on Wednesday
--- Thursday June 13 ---
08.30–08.45 Registration
08.45–09.00 Welcome address
Session I
09.00–09.45 Regulating Deferred Incentive Pay
Presenter: Roman Inderst
Discussant: Thomas Tangerås
09.45–10.30 Buying to Sell: Private Equity Buyouts and Industrial Restructuring
Presenter: Lars Persson
Discussant: Roman Inderst
10.30–11.00 Coffee
11.00–11.45 Credit Ratings and Security Design
Presenter: Joel Shapiro
Discussant: Rune Stenbacka
11.45–12.30 Why Entrepreneurs Choose Risky R&D Projects – But Still Not Risky Enough
Presenter: Pehr-Johan Norbäck
Discussant: Jens Josephson
12.30–13.45 Lunch
Session II
13.45–14.30 Transparency, Tax Pressure and Access to Finance
Presenter: Fausto Panunzi
Discussant: Mikaela Carlström
14.30–15.15 The Tax Shield of Debt Distorts the Market for Corporate Control
Presenter: Joacim Tåg
Discussant: Fausto Panunzi
15.15–15.45 Coffee
15.45–16.30 The Incentives for Vertical Mergers and Vertical Integration
Presenter: Gordon Phillips
Discussant: Giacinta Cestone
16.30–17.15 General discussion: The State of the Field "Industrial Organization and Corporate Finance"
Chair: Lars Persson and Joacim Tåg
18.45–22.00 Boat trip with dinner
--- Friday June 14 ---
Session III
09.00–09.45 Strategic Supply Chain Financing
Presenter: Frans Saxen
Discussant: Nadav Levy
09.45–10.30 Partial Vertical Integration, Ownership Structure and Foreclosure
Presenter: Nadav Levy
Discussant: Albert Banal-Estañol
10.30–11.00 Coffee (and check out from the hotel)
11.00–11.45 Insolvency Resolution and the Missing High Yield Bond Markets
Presenter: Jens Josephson
Discussant: Frans Saxen
11.45–12.30 Screening-based Competition
Presenter: Rune Stenbacka
Discussant: Yossi Spiegel
12.30–13.45 Lunch
Session IV
13.45–14.30 Backward integration, forward integration, and vertical foreclosure
Presenter: Yossi Spiegel
Discussant: Joel Shapiro
14.30–15.15 The Simple Economics of Capital Structure, Corporate Structure, and Information Policy
Presenter: Albert Banal-Estañol
Discussant: Gordon Phillips
15.15–15.30 Closing remarks
16.15–17.15 Boat trip to Stockholm and transfer to Hotel Terminus for participants staying in Stockholm for the night/weekend.