Program (preliminary)Institutions, Politics, and Corporate
Governance
Venue: Mercury Tower Room3101 at Hitotsubashi University
Date: March 4-5, 2006

Organizer
Center for Economic Institutions at the Institute of Economic Research Hitotsubashi University,Japan

Co-Organizers
・The Centre for Institutions and Governance at the Chinese University of Hong Kong, China・Hitotsubashi University 21st Century COE (Center of Excellent) Program: Normative Evaluation andSocial Choice of Contemporary Economic Systems, Japan・Hitotsubashi University 21st Century COE (Center of Excellent) Program: Research Unit for Statistical
Analysis in Social Sciences, Japan・The Asian Institute of Corporate Governance at Business School, Korea University, Korea
・Waseda University 21st Century COE Program: Waseda Institute for Corporation Law and Society,Japan・The World Bank
Executive Committees (in alphabetical order):Stijn Claessens, World Bank, University of Amsterdam
Hasung Jang, Korea University
Hideaki Miyajima, Waseda University
Juro Teranishi, Hitotsubashi University
TJ Wong, Chinese University of Hong Kong

Day 1; Saturday, March 4, 2006
9.00 -Registration

9.20 -Opening Remarks: Noriyuki Takayama, Hitotsubashi University

Session1

Chair

Randall Morck, University of Alberta/ NBER

9.30 - 10.30

The Political Economy of Financial FragilityEnrico Perotti, University of Amsterdam
Erik Feijen, University of Amsterdam
Discussant: Motohiro Sato, Hitotsubashi University

10.30 - 11.30

Endogenous Cost Lobbying: Theory and EvidenceJohn de Figueiredo, University of California, Los Angeles
Charles M. Cameron, Princeton University/ New York University
Discussant: Konstantin Sonin, New Econimic School in Moscow

11.30 - 12.00

BreakSession2

Chair

Joseph Fan, Chinese University of Hong Kong

12.00 - 13.00

Tycoons turned Leaders: Investigating Economic Incentives for Holding Public
OfficePramuan Bunkanwanicha, ESCP-EAP European School of Managementa
Yupana Wiwattanakantang, Hitotsubashi University
Discussant: Atif Mian, University of Chicago

13.00 - 15.00

LunchSession3

Chair

Hiroyuki Odagiri, Hitotsubashi University

15.00 - 16.00

Rent Seeking and Corporate Finance: Evidence from Corruption Cases
Joseph Fan, Chinese University of Hong Kong
Oliver Meng Rui, The Chinese University of Hong Kong
Mengxin Zhao, Bentley College
Discussant: Bernard Yeung, New York University

16.00 - 17.00

Remark of Political Connection
Sung wook Joh, Seoul National University
Simon Johnson, MIT/ IMF
Se-Jik Kim, IMF
Discussant: Kyung Suh Park, Korea University

17.00 - 17.30

BreakSession4

Chair

Stijn Claessens, World Bank/ University of Amsterdam

17.30 - 18.00

Discussion on future research collaboration

19.00 -Dinner

Day 2: Sunday, March 5, 2006
Session5

Chair

Hideaki Miyajima, Waseda University

9.30 - 10.30

Egalitarianism and International Investment
Amir Licht, Interdisciplinary Center Herzliya, Radzyner School of Law
Jordan I. Siegel, Harvard University
Discussant: Stijn Claessens, World Bank/ University of Amsterdam

10.30 - 11.30

The Impact of Product Market Competition on Private Benefits of Control
Francisco Perez-Gonzalez, Columbia University
Maria Guadalupe, Columbia University
Discussant: Renee Adams, Stockholm School of Business11.30 - 12.00

BreakSession6

Chair

Bernard Yeung, New York University

12.00 - 13.00

Taxation and the Evolution of Aggregate Corporate Ownership Concentration
Mihir A. Desai, Harvard University/ NBER
Dhammika Dharmapala, University of Michigan
Winnie Fund, Harvard University
Discussant: Yishay Yafeh: Hebrew University

13.00 - 15.00

Lunch

Session7

Chair

Tsutomu Watanabe, Hitotsubashi University

15.00 - 16.00

Reciprocity and Network Coordination: Evidence from Japanese BanksJoe Peek, University of Kentucky
Zekeriya Eser, University of Kentucky/ Eastern Kentucky University
Discussant: Shin-ichi Fukuda, University of Tokyo

16.00 - 17.00

Limits to Policy Reversal: Privatization in India
Siddhartha G. Dastidar, Columbia University
Raymond Fisman, Columbia University
Tarun Khanna, Harvard University
Discussant: Vikas Mehrotha, University of Alberta

17.00 - 17.30

BreakSession8

Chair

TJ Wong, Chinese University of Hong Kong17.30 - 18.20

Conference wrap-up
Randall Morck, University of Alberta/ NBER
Juro Teranishi, Hitotsubashi University

18.20

Closing Remarks

19.00 -Dinner