June 29–30, 2015
Toulouse, France
	Program of the event
Monday, June 29, 2015
	09:30 Jean Tirole (Toulouse): Keynote speech "The Economics of Innovation"
		11:00 William Mann (UCLA): "Creditor Rights and Innovation: Evidence from Patent Collateral"
Discussant: Frédéric Cherbonnier (IAST - TSE)
	Discussant: Frédéric Cherbonnier (IAST - TSE)
		14:00 Robert Merges (Berkeley): "Two Cheers for Absolute Liability: Questioning the Superiority of an Independent Invention Defense in Patent Law"
	
	
		Discussant: Stefan Bechtold (ETH Zurich)
	
	
		15.30 Andrea Attar (Toulouse): "Multiple Lenders, Strategic Default and Covenants"
	
	
		Discussant: Augustin Landier (TSE)
	
	
		16.30 Scott Hemphill (NYU): "The Actavis Inference: Theory and Practice"
	
	
		Discussant: Andrea Günster (ETH Zurich)
	
Tuesday, June 30, 2015
			9:30 Gustav Martinsson (Stockholm): "Payout Taxes, Costly External Finance, and Long-Run Investment"
Discussant: Martin Schonger (ETH Zurich)
		Discussant: Martin Schonger (ETH Zurich)
			11:00 Luca Enriques (Oxford): "Financing Disruptive Innovation"
		
		
			Discussant: Simone Sepe (IAST & University of Arizona)
		
		
			14:00 Bruno Biais (TSE): "Endogenous Agency Problems and the Dynamics of Rents"
		
		
			Discussant: Jerome Mathis (Paris Dauphine)
		
		
			15:30 Saura Masconale (Univ. of Arizona & Univ. Chicago): "What Does Really Matter in Corporate Governance? Commitment, Innovation, and Stakeholder Value"
		
		
			Discussant: Gerard Hertig (ETH Zurich)
		
		
			16.30 Innovation Roundtable, with Stefan Bechtold, Gérard Hertig, Sébastien Pouget, Paul Seabright (chair), Lucien Rapp and Simone Sepe
		
		This event has been funded by a French government subsidy managed by the Agence Nationale de la Recherche under the framework of the investissements d'avenir programme reference ANR-11-LABX-0052.
	
Reference
2015 Innovation, Finance and the Law Conference: Fostering Innovation, Toulouse, France, June 29–30, 2015.
    