Lectures & Events

 
January 2017
Wednesday
18
January
2017
Moot Courtroom (A59)
4:30 PM - 5:30 PM
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Speaker: Hon. James G. Carr
David Leopold
Fareed Siddiq
Robert Strassfeld
Moderator: Jessie Hill
1 hour of in-person CLE credit, pending approval  |  Webcast live
Thursday
19
January
2017
Moot Courtroom (A59)
4:30 PM - 5:30 PM
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Speaker: Dr. Juscelino Colares, Schott-van Eynden Professor of Business Law, CWRU School of Law
Dr. Susan Helper, Frank Carlton Professor of Economics, Weatherhead School of Management former Chief Economist of the U.S. Department of Commerce
Dr. Elliot Posner, Associate Professor of Political Science, CWRU College of Arts and Sciences
Moderated by Professor Tim Webster, Assistant Professor of Law, Director of Asian Legal Studies, CWRU School of Law
1 hour of in-person CLE credit, pending approval  |  Webcast live
March 2017
Friday
3
March
2017
Tinkham Veale University Center
8:00 AM - 4:00 PM
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Speaker: Maureen Guirguis (Kenny), Professor and Co-Director of Human Trafficking Law Clinic Case Western Reserve University School of Law
John Morgan, Detective, Cuyahoga County Sheriff's Department
Karen McHenry, Homeless and Missing Youth Program Director, Bellefaire JCB
Teresa Stafford, Senior Director of Victims' Services and Outreach, Cleveland Rape Crisis Center
Renee Jones, Founder and CEO, Renee Jones Empowerment Center
Barbara Freeman, First Graduate of CATCH Court, Columbus, Ohio, Founder, Freeman Project
Kathleen Hackett, RN, BSN, SANE (Sexual Assault Nurse Examiner) Coordinator, Rainbow Babies & Children's Hospital, University Hospitals
6.5 hours of in-person CLE credit, pending approval
Monday
6
March
2017
Moot Courtroom (A59)
4:30 PM - 5:30 PM
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Speaker: Elisabeth Rosenthal, Editor-in-Chief, Kaiser Health News
1 hour of in-person CLE credit, pending approval  |  Webcast live
Thursday
9
March
2017
Moot Courtroom (A59)
4:30 PM - 5:30 PM
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Speaker: Michael H. Posner, Jerome Kohlberg Professor Ethics and Finance, Professor Business and Society, Center for Business and Human Rights, NYU Stern School of Business
1 hour of in-person CLE credit, pending approval  |  Webcast live
Wednesday
22
March
2017
The City Club of Cleveland
8:30 AM - 9:30 AM
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Speaker: Juliet P. Kostritsky, Everett D. & Eugenia S. McCurdy Professor of Contract Law
1 hour of in-person CLE credit, pending approval  |  Webcast live
Thursday
23
March
2017
Moot Courtroom (A59)
4:30 PM - 5:30 PM
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Speaker: Philip Hackney, James E. & Betty M. Phillips Associate Professor of Law, LSU Law Center
1 hour of in-person CLE credit, pending approval  |  Webcast live
30
-
31
March
2017
Moot Courtroom (A59)
This is a two-day event
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8.25 hours of in-person CLE credit, pending approval  |  Webcast live
April 2017
Friday
7
April
2017
Glidden House
8:00 AM - 5:00 PM
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Wednesday
19
April
2017
The City Club of Cleveland
8:30 AM - 9:30 AM
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Speaker: Kathryn S. Mercer, Professor of Lawyering Skills, Case Western Reserve University School of Law
1 hour of in-person CLE credit, pending approval  |  Webcast live
May 2017
Wednesday
17
May
2017
The City Club of Cleveland
8:30 AM - 9:30 AM
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Speaker: Timothy Webster, Professor of Law, Case Western Reserve University School of Law
1 hour of in-person CLE credit, pending approval  |  Webcast live
Who Needs the Stock Market? Part I: The Empirical Evidence
Sponsor
CWRU Law Downtown Lecture Series
SEP 18, 2013
8:30 AM - 9:30 AM
Location
The City Club of Cleveland
850 Euclid Avenue #200
Cleveland, Ohio 44114
CLE Credit
Approved for 1 hour of in-person CLE credit
Data on historical and current corporate finance trends drawn from a variety of sources present a paradox. External equity has never played a significant role in financing industrial enterprises in the United States. The only American industry that has relied heavily upon external financing is the finance industry itself. Yet it is commonly accepted among legal scholars and economists that the stock market plays a valuable role in American economic life, and a recent, large body of macroeconomic work on economic development links the growth of financial institutions (including, in the U.S, the stock market) to growth in real economic output. How can this be the case if external equity as represented by the stock market plays an insignificant role in financing productivity? This paradox has been largely ignored in the legal and economic literature.

This paper surveys the history of American corporate finance, presents original and secondary data demonstrating the paradox, and raises questions regarding the structure of American capital markets, the appropriate rights of stockholders, the desirable regulatory structure (whether the stock market should be regulated by the Securities and Exchange Commission or the Commodities Futures Trading Commission, for example), and the overall relationship between finance and growth.

The answers to these questions are particularly pressing in light of a dramatic increase in stock market volatility since the turn of the century creating distorted incentives for long-term corporate management, especially trenchant in light of the recent global financial collapse.
Speaker Information
Lawrence MitchellLawrence E. Mitchell
Dean and Joseph C. Hostetler—BakerHostetler Professor of Law
Case Western Reserve University School of Law

Additional Information
Approved for 1-hour of CLE credit, complimentary.
Registration opens at 8:00 a.m. and a Continental breakfast is served.


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