Corporate Finance.

• Position: Program and Working Group Meetings

The NBER's Program on Corporate Finance met at the University of Chicago Booth School on April 19, 2013. Philipp Schnabl, NBER and Stern School of Business at New York University, and Zhiguo He, NBER and University of Chicago Booth School, organized the meeting. These papers were discussed:

* Rene Stulz, Ohio State University and NBER; Taylor Nadauld and Craig Merrill, Brigham Young University; and Shane Sherlund, Federal Reserve Board, "Why Did Financial Institutions Sell RMBS at Fire Sale Prices During the Financial Crisis?"

* William Fuchs and Aniko Oery, University of California, Berkeley, and Andrzej Skrzypacz, Stanford University, "Transparency and Distressed Sales under Asymmetric Information"

* Kelly Shue, University of Chicago, and Richard Townsend, Dartmouth College, "Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants"

* Bruno Biais and Augustin Landier, University of Toulouse, "The (Ir)resistible...