Sanjai Bhagat

University of Colorado at Boulder - Department of Finance

Prof.

Campus Box 419

Boulder, CO 80309

United States

SCHOLARLY PAPERS

43

DOWNLOADS
Rank 334

SSRN RANKINGS

Top 334

in Total Papers Downloads

47,618

CITATIONS
Rank 851

SSRN RANKINGS

Top 851

in Total Papers Citations

745

Scholarly Papers (43)

The Non-Correlation between Board Independence and Long-Term Firm Performance

Stanford Law and Economics Olin Working Paper No. 185
Number of pages: 44 Posted: 03 Oct 1998
Sanjai Bhagat and Bernard S. Black
University of Colorado at Boulder - Department of Finance and Northwestern University - Pritzker School of Law
Downloads 7,624 (702)
Citation 411

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The Non-Correlation between Board Independence And Long-Term Firm Performance

As published in Journal of Corporation Law, Vol. 27, pp. 231-273, 2002
Number of pages: 43 Posted: 03 Jan 2003
Sanjai Bhagat and Bernard S. Black
University of Colorado at Boulder - Department of Finance and Northwestern University - Pritzker School of Law
Downloads 716 (33,892)

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2.

The Uncertain Relationship between Board Composition and Firm Performance

As published in Business Lawyer, Vol. 54, pp. 921-963, 1999.
Number of pages: 47 Posted: 17 Oct 1997
Sanjai Bhagat and Bernard S. Black
University of Colorado at Boulder - Department of Finance and Northwestern University - Pritzker School of Law
Downloads 6,658 (908)
Citation 139

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3.

Corporate Governance and Firm Performance

Number of pages: 58 Posted: 28 Sep 2007
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 5,119 (1,423)
Citation 29

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Corporate governance, corporate performance, corporate ownership, capital structure, management turnover

4.

Event Studies and the Law - Part I: Technique and Corporate Litigation

Yale ICF Working Paper No. 00-31; Yale Law & Economics Research Paper No. 259
Number of pages: 35 Posted: 01 May 2001
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 2,941 (3,724)
Citation 7

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5.

The Promise and Peril of Corporate Governance Indices

ECGI - Law Working Paper No. 89/2007, Yale Law & Economics Research Paper No. 367
Number of pages: 91 Posted: 14 Oct 2007 Last Revised: 15 Feb 2009
Sanjai Bhagat, Brian J. Bolton and Roberta Romano
University of Colorado at Boulder - Department of Finance, IMD Business School, Global Board Center and Yale Law School
Downloads 2,499 (4,919)
Citation 39

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corporate governance, corporate performance, governance indices

6.

Empirical Studies of Corporate Law

HANDBOOK OF LAW AND ECONOMICS, A. Mitchell Polinsky and Steven Shavell, Forthcoming, Yale ICF Working Paper No. 05-16, ECGI - Finance Working Paper Forthcoming, European Corporate Governance Institute (ECGI) - Law Working Paper No. 44/2005
Number of pages: 118 Posted: 27 May 2005 Last Revised: 13 Nov 2018
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 2,175 (6,179)

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event studies, corporate governance, empirical research in corporate law

7.

CEO Education, CEO Turnover, and Firm Performance

Number of pages: 48 Posted: 02 Sep 2010 Last Revised: 09 Nov 2010
Sanjai Bhagat, Brian J. Bolton and Ajay Subramanian
University of Colorado at Boulder - Department of Finance, IMD Business School, Global Board Center and Georgia State University
Downloads 2,102 (6,563)
Citation 19

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Manager Ability, CEO Turnover, CEO Education, Firm Performance, Corporate Governance

8.

Event Studies and the Law: Part Ii - Empirical Studies Of Corporate Law

Yale ICF Working Paper No. 00-33; Yale Law & Economics Research Paper No. 260
Number of pages: 39 Posted: 09 May 2001
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 2,057 (6,805)
Citation 13

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9.

Director Ownership, Corporate Performance, and Management Turnover

Number of pages: 61 Posted: 31 Dec 1998
Sanjai Bhagat, Dennis C. Carey and Charles M. Elson
University of Colorado at Boulder - Department of Finance, Spencer Stuart and University of Delaware - John L. Weinberg Center for Corporate Governance
Downloads 1,968 (7,351)
Citation 31

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10.

Relational Investing and Firm Performance

Journal of Financial Research, Vol. 27, pp. 1-30, 2004
Number of pages: 51 Posted: 02 Jun 2003
Sanjai Bhagat, Bernard S. Black and Margaret M. Blair
University of Colorado at Boulder - Department of Finance, Northwestern University - Pritzker School of Law and Vanderbilt University - Law School
Downloads 1,463 (11,990)
Citation 1

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11.

Reforming Executive Compensation: Simplicity, Transparency and Committing to the Long-Term

Yale Law & Economics Research Paper No. 393
Number of pages: 32 Posted: 16 Nov 2009 Last Revised: 16 Dec 2009
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 1,271 (14,938)
Citation 20

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executive compensation, restricted stock, financial institution regulation, emergency economic stablization act

12.

Independent Directors

THE NEW PALGRAVE DICTIONARY OF ECONOMICS AND THE LAW, Peter Newman, ed., Vol. 2, pp. 283-287, 1998
Number of pages: 10 Posted: 06 Aug 2008
Sanjai Bhagat and Bernard S. Black
University of Colorado at Boulder - Department of Finance and Northwestern University - Pritzker School of Law
Downloads 1,152 (17,401)

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boards of directors, independent directors

13.

Reforming Executive Compensation: Focusing and Committing to the Long-Term

Yale Law & Economics Research Paper No. 374
Number of pages: 11 Posted: 04 Feb 2009 Last Revised: 20 Nov 2009
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 1,024 (20,728)

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executive compensation, restricted stock, financial institution regulation, emergency economic stabilization act

14.

Director Ownership, Governance and Performance

Number of pages: 86 Posted: 17 Mar 2010 Last Revised: 17 Apr 2012
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 950 (23,162)
Citation 7

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Corporate governance, Sarbanes-Oxley

15.

IPO Valuation in the New and Old Economies

AFA 2004 San Diego Meetings
Number of pages: 55 Posted: 14 Dec 2003
Sanjai Bhagat and Srinivasan Rangan
University of Colorado at Boulder - Department of Finance and Indian Institute of Management (IIMB), Bangalore
Downloads 892 (25,427)
Citation 2

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Initial public offerings, equity valuation, accounting data, insider ownership, new economy

16.

Bank Executive Compensation and Capital Requirements Reform

Number of pages: 81 Posted: 09 Mar 2011 Last Revised: 22 May 2013
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 870 (26,301)
Citation 7

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Executive Compensation, Bank Capital, Bank Capital Reform

17.

A Text-Based Analysis of Corporate Innovation

Number of pages: 85 Posted: 01 Jul 2016 Last Revised: 09 Jun 2019
Gustaf Bellstam, Sanjai Bhagat and J. Anthony Cookson
University of Colorado at Boulder - Leeds School of Business, University of Colorado at Boulder - Department of Finance and University of Colorado at Boulder - Leeds School of Business
Downloads 772 (31,177)
Citation 8

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Innovation, Text Analysis, Analyst Reports, Patenting

18.

Do Tender Offers Create Value? New Methods and Evidence

Dice Center Working Paper No. 2004-4
Number of pages: 64 Posted: 18 May 2004
University of Colorado at Boulder - Department of Finance, York University - Schulich School of Business, University of California, Irvine - Paul Merage School of Business and Cambridge Finance Partners, LLC
Downloads 647 (39,410)
Citation 40

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Tender offers, value improvements, truncation dilemma, revelation bias, agency

19.

The Impact of Fundamentals on IPO Valuation

Number of pages: 48 Posted: 11 Sep 2007
Northeastern University, University of Colorado at Boulder - Department of Finance and Indian Institute of Management (IIMB), Bangalore
Downloads 616 (42,117)
Citation 2

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Initial public offerings, equity valuation, insider ownership, investment banker prestige, new economy

20.

Manager Characteristics and Capital Structure: Theory and Evidence

Journal of Financial and Quantitative Analysis (JFQA), December 2011
Number of pages: 73 Posted: 19 Mar 2009 Last Revised: 25 May 2011
Sanjai Bhagat, Brian J. Bolton and Ajay Subramanian
University of Colorado at Boulder - Department of Finance, IMD Business School, Global Board Center and Georgia State University
Downloads 611 (42,559)
Citation 1

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Manager Ability, Risk Aversion, Manager Ownership, Capital Structure

21.

Size, Leverage, and Risk-Taking of Financial Institutions

Journal of Banking and Finance, Vol. 59, 2015
Number of pages: 56 Posted: 02 Aug 2012 Last Revised: 24 Apr 2018
Sanjai Bhagat, Brian J. Bolton and Jun Lu
University of Colorado at Boulder - Department of Finance, IMD Business School, Global Board Center and Central University of Finance and Economics (CUFE)
Downloads 567 (46,983)
Citation 3

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Bank governance, Bank size, Bank capital requirement, Corporate governance

22.

The Use of Escrow Contracts in Acquisition Agreements

Number of pages: 49 Posted: 29 May 2013 Last Revised: 07 Sep 2016
Sanjai Bhagat, Sandy Klasa and Lubomir P. Litov
University of Colorado at Boulder - Department of Finance, University of Arizona - Department of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 522 (52,139)
Citation 1

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mergers and acquisitions, escrow contracts, financial contracting

23.

Employment, Corporate Investment and Cash Flow Uncertainty

Number of pages: 46 Posted: 08 Sep 2011 Last Revised: 02 May 2013
Sanjai Bhagat and Iulian Obreja
University of Colorado at Boulder - Department of Finance and SEC
Downloads 510 (53,715)
Citation 4

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corporate investment, uncertainty, intangible capital, employment

24.

Sarbanes-Oxley, Governance and Performance

Number of pages: 51 Posted: 18 Mar 2009
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 509 (53,848)
Citation 8

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Board independence, corporate governance, corporate performance

25.

Getting Incentives Right: Is Deferred Bank Executive Compensation Sufficient?

European Corporate Governance Institute (ECGI) - Law Working Paper No. 241/2014, Yale Law & Economics Research Paper No. 489
Number of pages: 70 Posted: 15 Feb 2014 Last Revised: 04 Mar 2014
Sanjai Bhagat, Brian J. Bolton and Roberta Romano
University of Colorado at Boulder - Department of Finance, IMD Business School, Global Board Center and Yale Law School
Downloads 349 (84,769)
Citation 2

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executive compensation, restricted stock, financial institution regulation

26.

Investment Bankers’ Culture of Ownership?

Number of pages: 49 Posted: 25 Aug 2010
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 345 (85,906)
Citation 1

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27.

Misaligned Bank Executive Incentive Compensation

Number of pages: 72 Posted: 13 Jun 2013
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 183 (163,860)

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corporate governance, executive compensation, insider trading, banks financial crisis

28.

Emerging Country Cross-Border Acquisitions: Characteristics, Acquirer Returns and Cross-Sectional Determinants

Number of pages: 44 Posted: 22 Apr 2011
Sanjai Bhagat, Shavin Malhotra and Peng Cheng Zhu
University of Colorado at Boulder - Department of Finance, Carleton University - Eric Sprott School of Business and University of the Pacific - Eberhart School of Business
Downloads 139 (206,848)
Citation 1

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Cross border acquisitions, corporate governance, emerging market acquirers, acquirer returns, bidder returns

29.

Financial Crisis, Corporate Governance, and Bank Capital

Financial Crisis, Corporate Governance, and Bank Capital. Cambridge University Press (2017)
Number of pages: 16 Posted: 20 Jun 2017
Sanjai Bhagat
University of Colorado at Boulder - Department of Finance
Downloads 107 (251,792)

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CHOICE Act, Dodd-Frank, financial crisis, bank capital, bank governance, executive compensation, director compensation

30.

Voluntary and Mandatory Skin in the Game: Understanding Outside Directors’ Stock Holdings

Number of pages: 32 Posted: 31 Mar 2011
Sanjai Bhagat and Heather Tookes
University of Colorado at Boulder - Department of Finance and Yale University - Yale School of Management
Downloads 99 (265,509)
Citation 1

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director stockholdings, equity ownership requirements, corporate governance, ownership and performance

31.

Executive Compensation, Director Compensation and Bank Capital Requirements Reform

Number of pages: 87 Posted: 28 May 2014
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 88 (286,360)

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32.

IPO Valuation: The International Evidence

The Oxford Handbook of IPOs, Forthcoming
Number of pages: 51 Posted: 12 Feb 2019
Sanjai Bhagat, Jun Lu and Srinivasan Rangan
University of Colorado at Boulder - Department of Finance, Central University of Finance and Economics (CUFE) and Indian Institute of Management (IIMB), Bangalore
Downloads 40 (422,319)

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IPO valuation, IPOs, international IPOs, insider retention

33.

Corporate Governance and Firm Performance: The Sequel

Journal of Corporate Finance, Forthcoming
Number of pages: 52 Posted: 06 May 2019
Sanjai Bhagat and Brian J. Bolton
University of Colorado at Boulder - Department of Finance and IMD Business School, Global Board Center
Downloads 33 (451,201)
Citation 2

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corporate governance, firm performance, bank capital, bank governance, executive compensation, director compensation, bank risk

34.

Economic Policy Uncertainty and Economic Growth in India

IIM Bangalore Research Paper No. 407
Posted: 09 Apr 2013 Last Revised: 02 Oct 2017
Sanjai Bhagat, Pulak Ghosh and Srinivasan Rangan
University of Colorado at Boulder - Department of Finance, Indian Institute of Management (IIMB), Bangalore and Indian Institute of Management (IIMB), Bangalore

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economic policy uncertainty, India economic growth

Event Studies and the Law: Part Ii: Empirical Studies of Corporate Law

American Law and Economics Review, Vol. 4, No. 2, pp. 380-423, 2002
Posted: 29 Feb 2008
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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Event Studies and the Law - Part Ii: Empirical Studies of Corporate Law

American Law and Economics Review, Vol. 4, No. 2, 2002
Posted: 25 Sep 2002
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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corporate law, corporate governance, event studies

36.

The Econometrics of Corporate Governance Studies

Sanjai Bhagat and Richard Jefferis, Jr., THE ECONOMETRICS OF CORPORATE GOVERNANCE STUDIES, MIT Press, 2002, Forthcoming
Posted: 21 May 2002
Sanjai Bhagat and Richard Jefferis
University of Colorado at Boulder - Department of Finance and Koch Industries, Inc.

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Event Studies and the Law: Part I: Technique and Corporate Litigation

American Law and Economics Review, Vol. 4, No. 1, pp. 141-168, 2002
Posted: 29 Feb 2008
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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Event Studies and the Law - Part I: Technique and Corporate Litigation

American Law and Economics Review, Vol. 4, No. 1, 2002
Posted: 18 Feb 2002
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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38.

Information Asymmetry and Trading Volume

Posted: 13 Jul 1998
Sanjai Bhagat and Sanjiv Bhatia
University of Colorado at Boulder - Department of Finance and Association for Investment Management and Research

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39.

Trading Volume and Price Variability: Evidence on Lead-Lag Relations from Granger-Causality Tests

Posted: 05 Jul 1998
Sanjai Bhagat and Sanjiv Bhatia
University of Colorado at Boulder - Department of Finance and Association for Investment Management and Research

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40.

Share Price Drops and Shareholder Litigation

Posted: 26 Apr 1998
Sanjai Bhagat and James Beck
University of Colorado at Boulder - Department of Finance and affiliation not provided to SSRN

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41.

Do Takeovers Increase Value? An Intervention Approach

Posted: 11 Jul 1997
Sanjai Bhagat and David A. Hirshleifer
University of Colorado at Boulder - Department of Finance and University of California, Irvine - Paul Merage School of Business

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42.

The Shareholder Wealth Implications of Corporate Lawsuits

Posted: 24 Feb 1997
Sanjai Bhagat, John M. Bizjak and Jeffrey L. Coles
University of Colorado at Boulder - Department of Finance, Texas Christian University and University of Utah - Department of Finance

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43.

Market-Based Estimates of Value Gains from Takeovers: An Intervention Approach

Posted: 24 Feb 1997
Sanjai Bhagat and David A. Hirshleifer
University of Colorado at Boulder - Department of Finance and University of California, Irvine - Paul Merage School of Business

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