Opening Address : Colin Mayer (Oxford)

Chair : Colin Mayer

2.00 – 3.15 Rafael La Porta (Harvard), Florencio Lopez-de-Silanes (Harvard) and Andrei Shleifer (Harvard), "Corporate Ownership Around the World"

Discussants: Mark Roe (Columbia) and Roberta Romano (Yale) See comments

3.15 – 4.30 European Corporate Governance Network: "Corporate Ownership and Control: The European Experience" delivered by Marco Becht. See preview summary of book project draft manuscripts and slides of presentation

Discussants: Theodore Baums (Osnabrück) and Florencio Lopez-de-Silanes (Harvard) See comments

4.45 – 6.00 Karl Lins (North Carolina) and Henri Servaes (LBS), "International Evidence on the Value of Corporate Diversification"

Discussants: Peter Hogfeldt (SSE) and Tim Jenkinson (Oxford)

Chair : Marco Pagano

9.00 – 10.15 Wendy Carlin (UC London) and Colin Mayer (Oxford), "Finance, Investment and Growth"

Discussants: John Cable (University of Wales, Aberystwyth) and Giovanna Nicodano (Torino)

10.15 – 11.30 John Earle (CEU), "Post-Privatisation Ownership Structure and Productivity in Russian Industrial Enterprises"

Discussants: Sudipto Bhattacharya (LSE) and Marco Da Rin (IGIER)

Chair : Marco Becht

11.45 – 1.00 Ekkehart Boehmer (Berlin), "Business Groups, Bank Control and Large Shareholders: An Analysis of German Takeovers"

Discussants: Ron Gilson (Stanford) and Stephen Prowse (Federal Reserve)

Chair : Erik Berglöf

2.00 – 3.15 Enrico Perotti (Amsterdam) and Ernst-Ludwig von Thadden (Lausanne), "Dominant Investors and Strategic Transparency"

Discussants: Bengt Holmström (MIT) and Marco Pagano (Salerno)

3.30 – 4.45 Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (Chicago), "Agency Problems and Dividend Policies Around the World"

Discussants: Ailsa Röell (Princeton) and Thomas Hellmann (Stanford)

4.45 – 6.00 Panel

Reforming Corporate Governance : The Role for the European Union

Chair : Erik Berglöf

Peter Doralt (WU Wien), Léo Goldschmidt (EASD), Bengt Holmström (MIT), Gerard Hertig (ETH Zürich)

9.30 - 13.00 Ownership and Voting Power in Europe. Presentation of the ECGN Country Studies (20 min presentation and discussion)

9.30 · Introduction (Colin Mayer)

9.40 · Austria (Klaus Gugler, Alex Stomper, Susanne Kalss and Joe Zechner)

10.00 · Belgium (Marco Becht, Ariane Chapelle and Luc Renneboog)

10.20 · France (Laurence Block and Elizabeth Kremp)

10.40 · Germany (Marco Becht and Ekkehart Böhmer)

11.20 · Italy (Marcello Bianchi, Magda Bianco and Luca Enriques)

11.40 · The Netherlands (Abe De Jong, Rez Kabir, Teye Marra and Ailsa Röell)

12.00 · Spain (Rafel Crespí-Cladera and Miguel Angel Garcia-Cestona)

12.20 · Sweden (Jonas Agnblad, Erik Berglöf and Helena Svancar)

12.40 · United Kingdom (Marc Goergen and Luc Renneboog)

13.00 End of Conference