More General Background Information on Fellow Workshops
Fellow Workshops build important bridges between scholars and the real world. Due to the mixed background of speakers and attendees (all influential persons from the academy, law as well as financial practice, and government), their interactions lead to substantial synergies. By exposing leading law and finance scholars to the fascinating issues faced by capital market actors, these interactions result in altered scholarly research agendas. Specifically, this exposure both increases the overall amount of study of capital market institutions and steers scholars working in the area to focus on more relevant and pressing issues. It also improves the quality of this scholarship. Scholarly studies, both theoretical and empirical, inevitably require the use of assumptions. The greater understanding of the experiences of real-world capital market participants gained at our Fellow Workshops, the sharper the choice of assumptions employed.
As for practitioners and regulators, learning what cutting-edge scholars are discovering about the institutions that are the focus of practitioners’ and regulators’ professional lives increases their understanding of the consequences of their decisions. This increased understanding both helps them better achieve their individual goals and improves the functioning of capital markets.
Each workshop has a featured presenter or two lay out the topic with a short presentation which is then followed by a much longer discussion among the fellows and the presenter (at times assisted by a lead commentator). The bulk of the time is devoted to an open exchange of ideas since the goal of the workshops is to make the information flow two-way, with academics learning about institutions and actual practice while legal practitioners, market participants, and regulators are exposed to the most current scholarly research.