Corporate Finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met at the University of Chicago's Booth School of Business on April 13, 2012. NBER Research Associates Yael Hochberg, NBER and Northwestern University's Kellogg School of Management, and Alexander Ljungqvist, NBER and NYU's Stern School of Business, organized the meeting. These papers were discussed:

* John Hund, Rice University; Donald R. Monk, Rutgers University; and Sheri T. Tice, Tulane University, "Apples to Apples: The Economic Benefits to Diversification"

* Geoffrey Tate and Liu Yang, University of California at Los Angeles, "The Bright Side of Corporate Diversification: Evidence from Internal Labor Markets"

* Zhiguo He, University of Chicago, and Gregor Matvos, University of Chicago and NBER, "Debt and Creative Destruction: Why Could Subsidizing Corporate Debt be Optimal?" (NBER Working Paper No. 17920)

* Dirk Hackbarth, University of Illinois at Urbana-Champaign; Richmond D. Mathews, University of Maryland; and David T...