Presidential Address

If you have 40 minutes and want to learn a great deal about finance, listen (and/or watch) Rene Stulz's presidential address. He gave this at the 2005 AFA meetings in Philadelphia.The basic theme of his speech is globalization. He points out that the world is not yet flat and the "impact of financial globabilization has been limited." Why? "...because of the “twin agency problems” that arise