Abstract

http://ssrn.com/abstract=1927108
 


 



The NCAA Adopts 'Dodd-Frank': A Fable


David F. Larcker


Stanford University - Graduate School of Business

Brian Tayan


Stanford University - Graduate School of Business

September 14, 2011

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-20

Abstract:     
In recent years, NCAA football has been rocked by a string of high-profile violations, including those at USC, Ohio State, the University of Miami, and Auburn. In many ways, these violations were similar to the governance breakdowns at financial and other corporations leading up to the financial crisis of 2008 and 2009.

In the corporate world, Congress responded to the financial crisis by enacting the Dodd-Frank Wall Street Reform Act, which among other things imposed various governance requirements on all publicly traded companies.

What would happen were the NCAA to adopt these same provisions and require them of all universities and their football programs?

In this fictitious tale, we explore what such a set of rules would look like. We ask: If these requirements would not work in an athletic setting, should we expect them to work in business? Why are the governance provisions of Dodd-Frank legally required, rather than voluntarily adopted by individual companies? Why does Dodd-Frank place such emphasis on executive compensation and disclosure? Will its compensation requirements reduce governance failures?

Topics, Issues and Controversies in Corporate Governance and Leadership: The Closer Look series is a collection of short case studies through which we explore topics, issues, and controversies in corporate governance. In each study, we take a targeted look at a specific issue that is relevant to the current debate on governance and explain why it is so important. Larcker and Tayan are co-authors of the book Corporate Governance Matters, and A Real Look at Real World Corporate Governance.

Number of Pages in PDF File: 4

Keywords: Dodd-Frank, corporate governance regulations, NCAA

JEL Classification: D71, D83, G30, G34

Accepted Paper Series


Download This Paper

Date posted: September 14, 2011 ; Last revised: September 3, 2013

Suggested Citation

Larcker, David F. and Tayan, Brian, The NCAA Adopts 'Dodd-Frank': A Fable (September 14, 2011). Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-20. Available at SSRN: http://ssrn.com/abstract=1927108

Contact Information

David F. Larcker (Contact Author)
Stanford University - Graduate School of Business ( email )
Graduate School of Business
518 Memorial Way
Stanford, CA 94305-5015
United States
650-725-6159 (Phone)

Brian Tayan
Stanford University - Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States

Feedback to SSRN


Paper statistics
Abstract Views: 1,272
Downloads: 224
Download Rank: 77,423

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.390 seconds