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The Economics and Law of the Entrepreneur

Wednesday, June 18th — Thursday, June 19th, 2008

The goal of this Research Symposium is to provide a forum where economists and legal scholars can gather together with Northwestern University 's own distinguished faculty to present and discuss high quality research relevant to the economics and law of the entrepreneur. Panels cover research on Venture Capital and the Entrepreneur; Entrepreneur Law; Economic Growth and Development; Innovation and the Entrepreneur; and The Social Context of Entrepreneurship.

The conference is organized by Professor Daniel F. Spulber, Elinor Hobbs Distinguished Professor of International Business and Professor of Management Strategy, Kellogg School of Management, Northwestern University in cooperation with the Journal of Economics & Management Strategy (JEMS). JEMS will publish a special issue on the economies of the entrepreneur.

 

AGENDA

Day One—Wednesday June, 18th 2008

12-1 pm Lunch

1:00-1:15 Welcome and Introduction
Henry N. Butler, Executive Director, Searle Center, Northwestern University School of Law
Daniel F. Spulber, Elinor Hobbs Distinguished Professor of International Business and Professor of Management Strategy, Kellogg School of Management, Northwestern University

 

1:15-3:00 Session One—Venture Capital and the Entrepreneur
Moderator: Olufunmilayo Arewa, Associate Professor of Law, Northwestern University School of Law

Competition between Informed Venture Capitalists and Entrepreneurs' Fund-Raising Strategy
Carole Haritchabalet, Toulouse School of Economics

Venture Capital Exit Rights
Carsten Bienz, Assistant Professor, Department of Finance and Management, Norwegian School of Economics and Business Administration
Uwe Walz, Professor, J. W. Goethe-Universität Frankfurt/ Main

Financing Start-Ups
Joaquin Poblete, Kellogg School of Management, Northwestern University

 

3:00-3:30 Break

 

3:30-5:30 Session Two—Entrepreneur Law
Moderator: Henry N. Butler, Executive Director, Searle Center on Law, Regulation, and Economic Growth, Northwestern University School of Law

Law and Entrepreneurial Opportunities
D. Gordon Smith, Glen L. Farr Professor of Law, J. Reuben Clark Law School, Brigham Young University
Darian M. Ibrahim, Associate Professor of Law, James E. Rogers College of Law, University of Arizona

The Effect of Litigation on Venture Capitalist Reputation
Vladimir Ivanov, Assistant Professor, University of Kansas School of Business

Schumpterian Law: Rethinking the Role of Law in Fostering Entrepreneurship
Viktor Mayer-Schönberger, Associate Professor of Public Policy, John F. Kennedy School of Government, Harvard University

Discussants:
Henry E. Smith, Fred A. Johnston Professor of Property and Environmental Law, Yale Law School
Masako Ueda, Assistant Professor of Finance, University of Wisconsin-Madison School of Business
Peter H. Huang, Harold E. Kohn Chair Professor of Law, Temple Law School

 

5:30-6:30 Reception (Atrium)

 

6:30 Dinner/Keynote Address
Entrepreneurship, Innovation and Economic Growth
David B. Audretsch, Distinguished Professor and Ameritech Chair of Economic Development and Director of the Institute for Development Strategies at Indiana University

 

Day Two—Thursday June 19th, 2008

8:00-8:30 a.m. Continental Breakfast

 

8:30-10:15 Session Three —Economic Growth and Development
Moderator: Kenneth Ayotte, Associate Professor of Law, Northwestern University School of Law

Rent Seeking, Market Structure and Growth
Daniel Brou, Ph.D Candidate, Economics, Columbia University

Financial Development, Entrepreneurship, and Job Satisfaction
Milo Bianchi, Post-Doctoral Fellow, Paris School of Economics

Bureaucratic Start-Up Costs, Entrepreneurial Capital, and Sectoral Growth
Christian Fons-Rosen, London School of Economics

 

10:15-10:30 Break

 

10:30-12:00 Session Four—Innovation, Contracts, and the Entrepreneur
Moderator: Daniel F. Spulber, Elinor Hobbs Distinguished Professor of International Business and Professor of Management Strategy, Kellogg School of Management, Northwestern University

Scarcity of Ideas and Options to Invest in R&D
Nisvan Erkal, Assistant Professor, University of Melbourne, Department of Economics

The Entrepreneurial Spawning of Scientists and Engineers: Stars, Slugs, and the Small Firm Effect
Daniel W. Elfenbein, Assistant Professor of Organization and Strategy, Washington University in St. Louis

Relational Contract and Replaceability
Yuk-fai Fong, Assistant Professor of Management and Strategy, Kellogg School of Management, Northwestern University
Jin Li, Senior Lecturer/Donald P. Jacobs Scholar , Kellogg School of Management, Northwestern University
Peter Andrew Schnabl, Massachusetts Institute for Technology, Department of Economics

 

12-1:00 p.m. Lunch/Keynote Address
Billions of Entrepreneurs: How China and India Are Reshaping Their Futures and Yours
Tarun Khanna, Jorge Paulo Lemann Professor, Harvard Business School

 

1:00-2:30 Session Five—The Social Context of Entrepreneurship
Moderator:
Peter G. Klein, Associate Professor, University of Missouri, Division of Applied Social Sciences

Group Status and Entrepreneurship
Simon C. Parker, Head of Department, Department of Economics & Finance, Durham University
C. Mirjam van Praag, Professor of Entrepreneurship and Organization, Faculty of Economics and Business, University of Amsterdam

American Indian Entrepreneurs: Unique Challenges, Unlimited Potential
Robert J. Miller, Professor, Lewis & Clark Law School

A Law and Economics Perspective on Entrepreneurship in China's Marketizing Economy
Linda Yueh, Fellow in Economics, University of Oxford

Legality and Venture Governance Around the World
Douglas Cumming, Associate Professor of Finance and Entrepreneurship, and Ontario Research Chair, York University Schulich School of Business
Uwe Walz, Professor, J. W. Goethe-Universität Frankfurt/ Main

2:30 Conference adjourns



Location
Northwestern University School of Law
Arthur Rubloff Building, Room 175
357 East Chicago Avenue
Chicago , IL 60611

Contact
For more information regarding this conference or other initiatives of the Searle Center , please visit www.law.northwestern.edu/searlecenter, call (312) 503-1811 or send an email to searlecenter@law.northwestern.edu.

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