Corporate Finance.

PositionProgram and Working Group Meetings

Members of the NBER's Corporate Finance Program met on April 6 in Chicago. Research Associates Carola Frydman of Northwestern University and Gregor Matvos of the University of Texas at Austin organized the meeting. These researchers' papers were presented and discussed:

* Christopher Martin and Alexander Ufier, Federal Deposit Insurance Corporation; and Manju Puri, Duke University and NBER, "Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance" (NBER Working Paper No. 24589)

* Sergey Chernenko and Isil Erel, The Ohio State University; and Robert Prilmeier, Tulane University, "Nonbank Lending"

* Pat Akey, University of Toronto, and Ian R. Appel, Boston College, "The Limits of Limited Liability: Evidence from Industrial Pollution"

* Peter Koudijs, Stanford University and NBER, and Laura Salisbury, York University and NBER, "For Richer, For Poorer: Banker's Liability and Risk Taking in New England, 1867-80"

* Adair Morse, University of California, Berkeley and NBER, and Robert P. Bartlett III, Richard Stanton, and Nancy Wallace...

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