Henry T. C. Hu

University of Texas at Austin - School of Law

Allan Shivers Chair in the Law of Banking and Finance

727 East Dean Keeton Street

Austin, TX 78705

United States

  • University of Texas at Austin - School of Law

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SCHOLARLY PAPERS

21

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Top 8,263

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103

Scholarly Papers (21)

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1.

The New Vote Buying: Empty Voting and Hidden (Morphable) Ownership

As published in Southern California Law Review, Vol. 79, pp. 811-908, 2006, University of Texas Law, Law and Econ Research Paper No. 53
Number of pages: 99 Posted: 05 Jun 2006 Last Revised: 10 Mar 2008
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 6,044 (2,848)
Citation 12

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Bank regulation, banking, corporate governance, derivative, disclosure, equity swap, financial innovation, hedge fund, hedging, insider, Mylan Laboratories, Perry Corp., Securities and Exchange Commission, securities regulation, shareholder, shareholder voting, takeover, vote buying, voting

2.

Hedge Funds, Insiders, and the Decoupling of Economic and Voting Ownership: Empty Voting and Hidden (Morphable) Ownership

Journal of Corporate Finance, vol. 13, pp. 343-367, 2007, ECGI - Law Working Paper No. 56/2006, McCombs Research Paper Series No. FIN-02-06, U of Texas Law, Law and Econ Research Paper No. 53
Number of pages: 31 Posted: 10 Jan 2006
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 4,920 (4,095)
Citation 5

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bank regulation, banking, corporate control, corporate governance, derivative, disclosure, dual class stock, equity swap, financial innovation, hedge fund, hedging, insider, Mylan Laboratories, option, Perry, Securities and Exchange Commission, securities regulation, shareholder, takeover, voting

3.

Empty Voting and Hidden (Morphable) Ownership: Taxonomy, Implications, and Reforms

As published in Business Lawyer, Vol. 61, pp. 1011-1070, 2006, European Corporate Governance Institute - Law Research Paper No. 64/2006, University of Texas Law, Law and Economics Research Paper No. 70
Number of pages: 61 Posted: 28 Feb 2006 Last Revised: 22 Jan 2019
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 3,269 (8,002)

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bank regulation, banking, corporate governance, derivative, disclosure, dual class stock, equity swap, financial innovation, hedge fund, hedging, insider, Mylan Laboratories, Perry Corp., Securities and Exchange Commission, securities regulation, shareholder, takeover, voting

4.

Debt, Equity, and Hybrid Decoupling: Governance and Systemic Risk Implications

U of Texas Law, Law and Econ Research Paper No. 120, Europen Financial Management Journal, Vol. 14, 2008, ECGI - Finance Working Paper Series No. 207/2008, McCombs Research Paper Series
Number of pages: 44 Posted: 17 Jan 2008 Last Revised: 22 Jan 2019
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 3,087 (8,753)
Citation 23

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equity decoupling, debt decoupling, hybrid decoupling, empty voting, hidden ownership, equity swaps, credit default swaps, CDOs, disclosure, Securities and Exchange Commission, securitization, systemic risk

5.

Equity and Debt Decoupling and Empty Voting II: Importance and Extensions

as published in University of Pennsylvania Law Review, Vol. 156, pp. 625-739, 2008, ECGI - Law Working Paper No. , U of Texas Law, Law and Econ Research Paper No. 122
Number of pages: 116 Posted: 20 Nov 2007 Last Revised: 11 Mar 2008
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 2,867 (9,792)
Citation 40

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bank regulation, bankruptcy, corporate governance, credit default swap, creditor rights and obligations, derivative, disclosure, empty voting, equity swap, financial innovation, hedge fund, housing finance, insider, SEC, securitization, shareholder rights and obligations, takeover, voting

6.

Competing for a Share of Global Derivatives Markets: Trends and Policy Choices for the United States

U of Texas Law, Law and Econ Research Paper No. 145, Rock Center for Corporate Governance at Stanford University Working Paper No. 50
Number of pages: 58 Posted: 05 Jun 2008 Last Revised: 29 Sep 2009
Darrell Duffie and Henry T. C. Hu
Stanford University - Graduate School of Business and University of Texas at Austin - School of Law
Downloads 1,929 (18,579)
Citation 8

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Chicago, co-location, competition, competitiveness, dataset, derivatives, derivatives dealers, derivatives regulation, exchanges, financial institutions, financial markets, financial services, futures, human resources, labor, law, location, London, migration, New York, options, securities regulation

7.

A Regulatory Framework for Exchange-Traded Funds

Southern California Law Review, Vol. 91: 839-941, 2018
Number of pages: 104 Posted: 13 Mar 2018 Last Revised: 19 Oct 2018
Henry T. C. Hu and John Morley
University of Texas at Austin - School of Law and Yale Law School
Downloads 1,618 (24,298)
Citation 3

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arbitrage, authorized participant, bitcoin, complexity/riskiness, disclosure & substantive regulation, ETF, discounts/premiums, externalities, financial innovation, financial portal, liquidity, market microstructure & stress, mutual fund, model & systemic risk, SEC, stock exchange, suitability

8.

Abolition of the Corporate Duty to Creditors

Columbia Law Review, Vol. 107, pp. 1321-1403, October 2007
Number of pages: 85 Posted: 03 Apr 2007 Last Revised: 03 Dec 2007
Henry T. C. Hu and Jay Lawrence Westbrook
University of Texas at Austin - School of Law and University of Texas at Austin - School of Law
Downloads 1,329 (32,618)

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bankruptcy & reorganization, corporate governance, corporate investment, corporate objective, Credit Lyonnais, creditor rights, diversification, fiduciary duty, financial distress, hedging, ownership, risk-taking, shareholder rights, shareholder wealth maximization, troubled companies, voting rights

9.

Too Complex to Depict? Innovation, 'Pure Information,' and the SEC Disclosure Paradigm

Texas Law Review, Vol. 90, No. 7, 2012
Number of pages: 116 Posted: 14 Jun 2012 Last Revised: 18 May 2014
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 1,325 (32,770)
Citation 2

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asset-backed securities, bank regulation, derivatives, disclosure, financial innovation, flash crash, governmental myopia, hedging, high frequency trading, informational asymmetry, Internet, model risk, SEC, securities regulation, short-selling, systemic risk, too big to fail, Value at Risk

10.

Financial Innovation and Governance Mechanisms: The Evolution of Decoupling and Transparency

Business Lawyer, Vol. 70, No. 2, 2015
Number of pages: 60 Posted: 01 Apr 2015 Last Revised: 12 Apr 2015
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 1,141 (40,776)
Citation 1

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ABS, accounting, bank regulation, bankruptcy, Basel, big data, debt, equity, hybrid decoupling, derivatives, disclosure, empty creditor, empty voting, Federal Reserve, financial innovation, governance, hedge fund, hidden interest, information, risk, SEC, securities regulation, stress test, VaR

11.

Efficient Markets and the Law: A Predictable Past and an Uncertain Future

Downloads 1,018 (47,942)

Efficient Markets and the Law: A Predictable Past and an Uncertain Future

Annual Review of Financial Economics, Volume 4, 2012, Forthcoming
Number of pages: 61 Posted: 10 Sep 2012 Last Revised: 16 Sep 2012
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 1,018 (47,174)

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bank regulation, corporate governance, crisis, derivatives, disclosure, efficient market hypothesis, equity premium, ETF, financial innovation, financial literacy, flash crash, high frequency trading, information, equity market structure, retirement, SEC, securitization, short selling, systemic risk

Efficient Markets and the Law: A Predictable Past and an Uncertain Future

Annual Review of Financial Economics, Vol. 4, pp. 179-214, 2012
Posted: 04 Nov 2012
Henry T. C. Hu
University of Texas at Austin - School of Law

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12.

Corporate Distress, Credit Default Swaps, and Defaults: Information and Traditional, Contingent, and Empty Creditors

13 Brooklyn Journal of Corporate, Financial & Commercial Law 5-32 (2018)
Number of pages: 28 Posted: 02 Jan 2019 Last Revised: 27 Feb 2019
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 786 (68,313)
Citation 3

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bankruptcy, credit default swap, covenant, debt decoupling, default, derivative, disclosure, empty creditor with negative economic exposure, net short debt activist, financial distress, hedge fund, information asymmetry, MD&A, 10b-5, securities regulation compliance, troubled companies

13.

Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests

Yale Journal on Regulation, Vol. 31, No. 3, 2014
Number of pages: 103 Posted: 27 May 2014 Last Revised: 22 Oct 2014
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 761 (71,339)
Citation 1

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accounting, bank regulation, Basel Pillar 3, big data, derivatives, disclosure, Dodd-Frank, Federal Reserve, financial innovation, FOIA, FSOC, information, investor protection, risk (market, model, and systemic), SEC, securities regulation, stress test, too big to fail, transparency, Value at Risk

14.

Debt and Hybrid Decoupling: An Overview

M&A Lawyer, Vol. 1, pp. 4-10, April 2008
Number of pages: 8 Posted: 08 May 2008
Henry T. C. Hu and Bernard S. Black
University of Texas at Austin - School of Law and Northwestern University - Pritzker School of Law
Downloads 663 (85,166)
Citation 2

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corporate governance, derivatives, equity swaps, hedge funds, shareholder voting, vote buying

15.

The SEC and Regulation of Exchange-Traded Funds: A Commendable Start and a Welcome Invitation

92 Southern California Law Review 1155-1202 (2019)
Number of pages: 48 Posted: 03 Sep 2019 Last Revised: 20 Nov 2019
Henry T. C. Hu and John Morley
University of Texas at Austin - School of Law and Yale Law School
Downloads 415 (151,467)
Citation 2

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arbitrage mechanism,authorized participant,bitcoin,complexity/riskiness,disclosure & substantive regulation,ETF,discounts/premiums,externalities,financial innovation,market maker,market microstructure & stress,model & systemic risk,mutual fund,SEC,stock exchange,suitability

16.

Decoupling and Motivation: Re-Calibrating Standards of Fiduciary Review, Rethinking 'Disinterested' Shareholder Decisions, and Deconstructing 'De-SPACs'

Business Lawyer (Vol. 78, Issue 4, Fall 2023, Forthcoming)
Number of pages: 48 Posted: 02 Aug 2023 Last Revised: 25 Oct 2023
Henry T. C. Hu and Lawrence A. Hamermesh
University of Texas at Austin - School of Law and Widener University Delaware Law School
Downloads 375 (169,673)
Citation 1

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board, controller, common ownership, Corwin, decoupling, Delaware, empty voter, entire fairness, ESG, fiduciary duty, governance, institutional investor, judicial review, merger, pass-through voting, shareholder voting, socially responsible investing, SPAC

17.

Governance and the Decoupling of Debt and Equity: The SEC Moves

Capital Markets Law Journal (forthcoming: Vol. 17, Issue 4, 2022) (draft of Sept. 17, 2022), available at http://ssrn.com/abstract=4241269., U of Texas Law, Legal Studies Research Paper
Number of pages: 60 Posted: 18 Oct 2022
Henry T. C. Hu
University of Texas at Austin - School of Law
Downloads 301 (215,455)

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Archegos, banks, corporate governance, credit default swaps, decoupling, Delaware, derivatives, disclosure, equity swaps, empty voting, empty creditors, hedge funds, hidden ownership, net short creditors, Schedule 10B, Schedule 13D, SEC, securities regulation, shareholder activism, total return swap

18.

Reconceptualizing Shareholder "Disinterestedness": Transformative Institutional Investor Changes and Motivational Misalignments in Voting

Business Lawyer, Volume 80, No. 2 (Spring 2025) (forthcoming), U of Texas Law, Legal Studies Research Paper
Number of pages: 79 Posted: 23 Apr 2024 Last Revised: 11 Mar 2025
Henry T. C. Hu and Lawrence A. Hamermesh
University of Texas at Austin - School of Law and Widener University Delaware Law School
Downloads 275 (236,772)

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activist, asset manager, common ownership, decoupling, Delaware, disclosure, empty voter, ESG, governance, hedge fund, indexing, institutional investor, ISS, pass-through voting, SEC, share lending, stockholder voting re directors, mergers, and disinterested shareholder cleansing (Corwin/MFW), 13F, activist, asset manager, common ownership, decoupling, Delaware, disclosure, empty voter, ESG, governance, hedge fund, indexing, institutional investor, ISS, mergers, pass-through voting, SEC, 13F, share lending, stockholder voting, disinterested shareholders, activis, activist., 13F, activism, activist; asset manager;

19.

The New Portfolio Society, Sec Mutual Fund Disclosure, and the Public Corporation Model

Business Lawyer, Vol. 60, pp. 1303-1367, 2005
Posted: 25 Sep 2006
Henry T. C. Hu
University of Texas at Austin - School of Law

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asset allocation, bonds, defined benefit, defined contribution, derivative, disclosure, financial education, financial illiteracy, hedge fund, individual investor, mutual fund, pension plans, prospectus, retirement, securities regulation, SEC, Social Security, stocks, time diversification

20.

Faith and Magic: Investor Beliefs and Government Neutrality

Texas Law Review, Vol. 78, March 2000
Posted: 10 Jul 2000
Henry T. C. Hu
University of Texas at Austin - School of Law

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21.

Buffett, Corporate Objectives, and the Nature of Sheep

Cardozo Law Review, Vol. 19, No. 2 (1997) (Symposium on the Essays of Warren Buffett)
Posted: 17 Sep 1998
Henry T. C. Hu
University of Texas at Austin - School of Law

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