Thursday, August 18, 2011, 8:30-10:15 am; Corporate Finance Theory
Security Design - C6

Session Chair: Uday Rajan, University of Michigan

• Pay Now or Later: Financial Flexibility and Security Design PDF
  Karan Bhanot, Antonio Mello
  University of Texas - San Antonio; University of Wisconsin - Madison
  
  • Discussant: Nathalie Moyen, University of Colorado - Boulder

• The Commitment Problem of Secured Lending PDF
  Daniela Fabbri, Annamaria Menichini
  University of Amsterdam; University of Salerno, CSEF
  • Discussant: Zhaohui Chen, University of Virginia
  
  
• Smart Buyers PDF
  Mike Burkart, Samuel Lee
  Stockholm School of Economics; New York University
  • Discussant: Pierre Mella-Barral, EDHEC Business School