Corporate Finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met in Chicago on April 30, 2011. Program Director Malcolm Baker of Harvard Business School organized the meeting. These papers were discussed:

* Pol Antras and C. Fritz Foley, Harvard University and NBER, "Poultry in Motion: A Study of International Trade Finance Practices"

* Daniel Paravisini and Daniel Wolfenzon, Columbia University and NBER; Veronica Rappoport, Columbia University; and Philipp Schnabl, New York University, "Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data" (NBER Working Paper No. 16975)

* Anat Admati, Peter M. DeMarzo, and Paul Pfleiderer, Stanford University, and Martin F. Hellwig, Max Planck Institute for Research on Collective Goods, Bonn, "Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive"

* Robert L. McDonald, Northwestern University, "Contingent Capital with a Dual Price Trigger"

* Oliver Hart, Harvard University and NBER, and Luigi Zingales, University of Chicago and NBER, "A New...