8th Mitsui Life Symposium on Global Financial Markets Corporate Governance in Asia

Mitsui Life Symposium on Global Financial Markets
Tokyo, Japan
Saturday, October 5, 2002

Opening Address
Hiroshi Nishimura, President, Mitsui Mutual Life Insurance Company
Chairperson: Christina Ahmadjian, Hitotsubashi University
Art Durnev, University of Michigan
E. Han Kim, University of Michigan*
“To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation”
Discussant: Noriyuki Yanagawa, University of Tokyo
Zhiwu Chen, Yale University*
Peng Xiong, Beijing University
“Discounts on Illiquid Stocks: Evidence from China”
Discussant: Guojun Wu, University of Michigan
Bernard Black, Stanford University
Hasung Jang , Korea University
Woochan Kim, KDI School of Public Policy and Management*
“Does Corporate Governance Matter? Evidence from Korean Market”
Discussant: Hideaki Miyajima, Waseda University
Peng Xu, Hosei University*
“Corporate Governance in Japan: Upturn vs. Downturn in the Economy”
Discussant: Tsung-ming Yeh, Kansai Gaidai University
Mara Faccio, University of Notre Dame
Larry Lang, Chinese University of Hong Kong*
Leslie Young, Chinese University of Hong Kong
“Debt and Expropriation”
Discussant: Yasuo Hoshino, University of Tsukuba
Panel Discussion—“Corporate Governance in Asia”

Chair:
Panelists:		 E. Han Kim, University of Michigan
Christina Ahmadjian, Hitotsubashi University
Zhiwu Chen, Yale University
Hasung Jang, Korea University
Larry Lang, Chinese University of Hong Kong
Noriyuki Morimoto, Watson Wyatt Corporation
“Considering Alternative Investment Areas”
Itsuo Toyoshima, World Gold Council
“Alternative Investments in Gold”