Claire A. Hill

University of Minnesota Law School

James L. Krusemark Chair in Law

229 19th Avenue South

Minneapolis, MN 55455

United States

SCHOLARLY PAPERS

55

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22,139

CITATIONS
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93

Scholarly Papers (55)

1.

Regulating the Rating Agencies

Washington University Law Quarterly, Vol. 82, p. 43, 2004
Number of pages: 54 Posted: 04 Mar 2005
Claire A. Hill
University of Minnesota Law School
Downloads 3,227 (2,950)
Citation 16

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2.

Whole Business Securitization in Emerging Markets

Duke Journal of Comparative and International Law, Vol. 12, No. 2, 2002
Number of pages: 6 Posted: 11 Mar 2003
Claire A. Hill
University of Minnesota Law School
Downloads 1,495 (10,717)
Citation 1

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bankruptcy, securitization, whole business securitization, creditors' rights, transaction structures, emerging markets

3.

A Cognitive Theory of Trust

Minnesota Legal Studies Research Paper No. 05-51
Number of pages: 62 Posted: 13 Dec 2005
Claire A. Hill and Erin A. O'Hara O'Connor
University of Minnesota Law School and Florida State University - College of Law
Downloads 1,248 (14,280)
Citation 2

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trust

4.

Why Did Rating Agencies Do Such a Bad Job Rating Subprime Securities?

University of Pittsburgh Law Review, Forthcoming, Minnesota Legal Studies Research Paper 10-18
Number of pages: 25 Posted: 02 Apr 2010 Last Revised: 15 Apr 2010
Claire A. Hill
University of Minnesota Law School
Downloads 1,178 (15,623)
Citation 4

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rating agencies, conflict of interest, subprime securities

Securitization: A Low-Cost Sweetener for Lemons

Washington University Law Quarterly, Vol. 74, No. 4, 1996
Number of pages: 60 Posted: 29 Jan 2003
Claire A. Hill
University of Minnesota Law School
Downloads 1,161 (15,679)
Citation 18

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lemons, securitization, capital structures, Modigliani, Miller, financing

Securitization: A Low-Cost Sweetener for Lemons

Posted: 30 Jun 1998
Claire A. Hill
University of Minnesota Law School

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6.

Limits of Disclosure

Seattle University Law Review, Forthcoming, Minnesota Legal Studies Research Paper 12-63, Ohio State Public Law Working Paper 205
Number of pages: 33 Posted: 31 Oct 2012 Last Revised: 01 Jun 2013
Steven Davidoff Solomon and Claire A. Hill
University of California, Berkeley - School of Law and University of Minnesota Law School
Downloads 953 (21,462)

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disclosure, financial crisis, CDOs, executive compensation, information

7.

The Promise and Limits of Financial Engineering in Emerging Markets

Financial Innovation and the Welfare of Nations, Kluwer Academic Press, May 2000
Number of pages: 18 Posted: 24 Apr 2000
Claire A. Hill
University of Minnesota Law School
Downloads 801 (27,592)
Citation 1

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8.

Essay: Stone v. Ritter and the Expanding Duty of Loyalty

Minnesota Legal Studies Research Paper No. 07-35
Number of pages: 31 Posted: 23 Aug 2007
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 767 (29,238)

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corporate governance, good faith, fiduciary duty, duty of loyalty, duty of care

9.

The Future of Synthetic Securitization: A Comment on Bell and Dawson

Duke Journal of Comparative and International Law, Vol. 12, No. 2, 2002
Number of pages: 3 Posted: 23 Dec 2002
Claire A. Hill
University of Minnesota Law School
Downloads 718 (32,035)

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Synthetic securitization, Ian Bell, Petrina Dawson, derivative transactions, Enron

10.

Beyond Mistakes: The Next Wave of Behavioral Law and Economics

Queens Law Journal, Forthcoming
Number of pages: 33 Posted: 10 Oct 2003
Claire A. Hill
University of Minnesota Law School
Downloads 697 (33,344)
Citation 2

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11.

The Law and Economics of Identity

Queen's Law Journal, Vol. 32, No. 2, 2007, Minnesota Legal Studies Research Paper No. 05-46
Number of pages: 57 Posted: 09 Nov 2005 Last Revised: 13 Nov 2007
Claire A. Hill
University of Minnesota Law School
Downloads 624 (38,695)
Citation 5

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identity, behavioral law and economics

12.

Introduction: The Evolution of the Economic Analysis of Corporate Law

Chapter 1, RESEARCH HANDBOOK ON THE ECONOMICS OF CORPORATE LAW, Claire A. Hill and Brett H. McDonnell, eds., Elgar 2012, Minnesota Legal Studies Research Paper No. 12-21
Number of pages: 31 Posted: 05 May 2012
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 619 (39,091)

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law and economics, corporate law, corporate governance

13.

How Do German Contracts Do as Much with Fewer Words?

Chicago-Kent Law Review, Vol. 79, p. 889, 2004
Number of pages: 38 Posted: 29 Sep 2004
Claire A. Hill and Christopher King
University of Minnesota Law School and Hunter Douglas Management AG
Downloads 530 (47,815)
Citation 5

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Contracts, relational contracts, default provisions, comparative law

14.

Is Secured Debt Efficient?

University of Texas Law Review, Vol. 80, p. 1117, 2002
Number of pages: 61 Posted: 17 May 2002
Claire A. Hill
University of Minnesota Law School
Downloads 492 (52,524)
Citation 4

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Corporation and Securities Law, Financing Policy, Capital and Ownership Structure, Bankruptcy, Liquidation

15.

Why Contracts are Written in 'Legalese'

Chicago-Kent Law Review, Vol. 77, No. 1, 2001
Number of pages: 26 Posted: 01 Feb 2003
Claire A. Hill
University of Minnesota Law School
Downloads 478 (54,478)
Citation 4

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16.

Disney, Good Faith, and Structural Bias

Journal of Corporation Law, Vol. 32, No. 4, Summer 2007, Minnesota Legal Studies Research Paper No. 06-46
Number of pages: 33 Posted: 13 Sep 2006
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 469 (55,803)
Citation 3

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good faith, structural bias, fiduciary duty, executive compensation

17.

Berle's Vision Beyond Shareholder Interests: Why Investment Bankers Should Have (Some) Personal Liability

University of Seattle Law Review, Vol. 33, No. 4, p.1, 2010, Minnesota Legal Studies Research Paper No. 09-50
Number of pages: 27 Posted: 23 Nov 2009 Last Revised: 19 May 2010
Claire A. Hill and Richard W. Painter
University of Minnesota Law School and University of Minnesota Law School
Downloads 466 (56,280)

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Adolph Berle, executive compensation, financial crisis

18.

Limits of Dodd-Frank's Rating Agency Reform

Chapman Law Review, Vol. 15, No. 1, p. 133, 2011, Minnesota Legal Studies Research Paper No. 11-37
Number of pages: 17 Posted: 06 Sep 2011
Claire A. Hill
University of Minnesota Law School
Downloads 432 (61,754)

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rating agencies, Dodd-Frank, subprime securities

19.
Downloads 431 ( 61,923)

How Investors React to Political Risk

Duke Journal of Comparative and International Law, Vol. 8, No. 2, 1998
Number of pages: 31 Posted: 16 Jan 2003
Claire A. Hill
University of Minnesota Law School
Downloads 431 (61,326)
Citation 10

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How Investors React to Political Risk

Duke Journal of Comparative and International Law, Vol. 8, P. 283, 1998
Posted: 26 Feb 1999
Claire A. Hill
University of Minnesota Law School

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20.

Why Did Anyone Listen to the Rating Agencies After Enron?

Journal of Business and Technology Law, Vol. 4, p. 283, 2009, Minnesota Legal Studies Research Paper No. 09-35
Number of pages: 13 Posted: 28 Aug 2009
Claire A. Hill
University of Minnesota Law School
Downloads 430 (62,087)
Citation 1

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rating agencies, belief perseverance

21.

Anti-Anti-Anti Paternalism

NYU Journal of Law & Liberty, Vol. 2, No. 3, 2007, Minnesota Legal Studies Research Paper No. 07-02
Number of pages: 11 Posted: 11 Jan 2007 Last Revised: 14 Nov 2007
Claire A. Hill
University of Minnesota Law School
Downloads 372 (73,736)
Citation 1

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paternalism, behavioral law and economics

22.

Who Were the Villains in the Subprime Crisis, and Why it Matters

Ohio Entrepreneurial Business Law Journal, Vol. 4, p. 323, 2010, Minnesota Legal Studies Research Serioes 10-21
Number of pages: 29 Posted: 02 Apr 2010 Last Revised: 15 Apr 2010
Claire A. Hill
University of Minnesota Law School
Downloads 357 (77,384)
Citation 2

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financial crisis, subprime mortgage securities

Latin American Securitization: The Case of the Disappearing Political Risk

Virginia Journal of International Law, Vol. 38, Spring 1998
Number of pages: 28 Posted: 10 Feb 2003
Claire A. Hill
University of Minnesota Law School
Downloads 335 (82,692)
Citation 2

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Latin American Securitization: The Case of the Disappearing Political Risk

Virginia Journal of International Law, Vol. 38, No. 1, 1998.
Posted: 28 Sep 1998
Claire A. Hill
University of Minnesota Law School

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24.

Creating Failures in the Market for Tax Planning

Virginia Tax Review, Forthcoming, Minnesota Legal Studies Research Paper No. 07-07
Number of pages: 20 Posted: 05 Apr 2007
Philip A. Curry, Claire A. Hill and Francesco Parisi
University of Waterloo, University of Minnesota Law School and University of Minnesota - Law School
Downloads 325 (86,156)
Citation 2

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tax planning, tax enforcement policy, dissipation

25.

Bargaining in the Shadow of the Lawsuit: A Social Norms Theory of Incomplete Contracts

Deleware Journal of Corporate Law (DJCL), Vol. 34, No. 1, 2009, Minnesota Legal Studies Research Paper No. 08-46
Number of pages: 41 Posted: 28 Oct 2008 Last Revised: 30 Apr 2009
Claire A. Hill
University of Minnesota Law School
Downloads 298 (94,855)
Citation 3

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incomplete contracts, norms, Delaware, Journal, Corporate, Law, complex, business, contract, contracts

Why Financial Appearances Might Matter: An Explanation for 'Dirty Pooling' and Other Types of Financial Cosmetics

Delaware Journal of Coporate Law, Vol. 22, No. 1, 1997
Number of pages: 47 Posted: 10 Mar 2003
Claire A. Hill
University of Minnesota Law School
Downloads 266 (106,574)
Citation 4

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accounting, dirty pooling , financial appearance, financial cosmetics

Why Financial Appearances Might Matter: An Explanation for 'Dirty Pooling' and Other Types of Financial Cosmetics

George Mason Law & Economics Working Paper 96-04
Posted: 09 Dec 1996
Claire A. Hill
University of Minnesota Law School

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27.

A Comment on Language and Norms in Complex Business Contracting

Chicago-Kent Law Review, Vol. 77, No. 1, 2001
Number of pages: 29 Posted: 15 Dec 2002
Claire A. Hill
University of Minnesota Law School
Downloads 263 (108,330)
Citation 3

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contracts, acquisitions, legal consequences, contracting parties, contracting, business contracting, complex contracts, contractual provisions, loan agreements

28.

Tax Avoidance and the Optimal Design of Tax Law

Minnesota Legal Studies Research Paper No. 09-16
Number of pages: 32 Posted: 16 Apr 2009 Last Revised: 27 Sep 2014
Philip A. Curry, Claire A. Hill and Francesco Parisi
University of Waterloo, University of Minnesota Law School and University of Minnesota - Law School
Downloads 228 (125,326)

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optimal taxation, tax avoidance, public goods, patents, market failure

29.

The Rationality of Preference Construction (and the Irrationality of Rational Choice)

Minnesota Journal of Law, Science & Technology, Vol. 9, No. 2, 2008, Minnesota Legal Studies Research Paper No. 08-47
Number of pages: 55 Posted: 28 Oct 2008 Last Revised: 19 Dec 2008
Claire A. Hill
University of Minnesota Law School
Downloads 222 (128,645)

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preferences, behavioral law and economics

30.

Concepts, Categories, and Compliance in the Regulatory State

Minnesota Law Review, Vol. 94, p. 1151, 2010, Minnesota Legal Studies Research Paper No. 10-29
Number of pages: 51 Posted: 02 Apr 2010 Last Revised: 24 May 2010
Kristin E. Hickman and Claire A. Hill
University of Minnesota - Twin Cities - School of Law and University of Minnesota Law School
Downloads 221 (129,241)

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compliance, categories, statutory interpretation, regulation, tax shelters

31.

Introduction to Economics of Corporate Law

Economics of Corporate Law (Edward Elgar, 2016), Minnesota Legal Studies Research Paper No. 16-38
Number of pages: 26 Posted: 03 Nov 2016
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 203 (140,044)

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Corporate law, law and economics, corporate governance

32.

Short and Long Term Investors (and Other Stakeholders Too): Must (and Do) Their Interests Conflict?

Research Handbook on Mergers and Acquisitions, Claire A. Hill and Steven Davidoff Solomon (eds), Edward Elgar Publishing, Forthcoming, Minnesota Legal Studies Research Paper No. 15-37
Number of pages: 28 Posted: 06 Dec 2015
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 178 (158,065)

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short-termism, corporate governance, stakeholder, shareholder, corporate social responsibility

33.

Executive Compensation and the Optimal Penumbra of Delaware Corporate Law

Virginia Law and Business Review, Forthcoming, Minnesota Legal Studies Research Paper No. 09-21
Number of pages: 41 Posted: 18 Jun 2009 Last Revised: 31 Mar 2010
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 171 (163,736)

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executive compensation, social norms, structural bias

34.

A Positive Agenda for Behavioral Law and Economics

Cognitive Critique, Vol. 3, p. 85, 2011 , Minnesota Legal Studies Research Paper No. 11-36
Number of pages: 6 Posted: 06 Sep 2011
Claire A. Hill
University of Minnesota Law School
Downloads 168 (166,299)

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behavioral law and economics, identity, cultural cognition, empathy

35.

Why Didn’t Subprime Investors Demand (Much More of) a Lemons Premium?

Law and Contemporary Problems, Vol. 74, p. 47, 2011, Minnesota Legal Studies Research Paper No. 11-31
Number of pages: 17 Posted: 06 Sep 2011
Claire A. Hill
University of Minnesota Law School
Downloads 146 (187,269)

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herding, lemons, subprime securities, investors

36.

Better Bankers, Better Banks: Promoting Good Business Through Contractual Commitment

University of Chicago Press, October 2015, Minnesota Legal Studies Research Paper No. 16-09
Number of pages: 16 Posted: 12 Feb 2016 Last Revised: 06 May 2016
Claire A. Hill and Richard W. Painter
University of Minnesota Law School and University of Minnesota Law School
Downloads 138 (195,969)

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banks, financial crisis, personal liability, partnerships, responsibility

37.

The Rhetoric of Negative Externalities

Seattle University Law Review, Vol. 39, No. 2, 2016, Minnesota Legal Studies Research Paper No. 16-10
Number of pages: 13 Posted: 10 Feb 2016 Last Revised: 11 May 2016
Claire A. Hill
University of Minnesota Law School
Downloads 136 (198,255)

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Externalities, profit-maximization, corporate social responsibility

38.

Rationality in an Unjust World: A Research Agenda

Queen's Law Journal, Vol. 35, No. 1, 2009, Minnesota Legal Studies Research Paper No. 10-02
Number of pages: 34 Posted: 12 Jan 2010
Claire A. Hill
University of Minnesota Law School
Downloads 130 (205,619)

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rationality, just world belief

39.

Sanitizing Interested Transactions

Delaware Journal of Corporate Law (DJCL), Vol. 36, No. 3, 2011, Minnesota Legal Studies Research Paper No. 12-25
Number of pages: 37 Posted: 02 May 2012 Last Revised: 25 Jun 2012
Claire A. Hill and Brett McDonnell
University of Minnesota Law School and University of Minnesota Law School
Downloads 124 (213,233)

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Delaware, Journal, Corporate, Law, Transactions, Interested, Directors, Shareholder

40.

An Identity Theory of the Short- and Long-Term Investor Debate

Seattle University Law Review, Vol. 41, No. 475, 2018
Number of pages: 21 Posted: 01 Mar 2018
Claire A. Hill
University of Minnesota Law School
Downloads 103 (243,782)

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investor time horizons; shareholder activism; identity

41.

Compromised Fiduciaries: Conflicts of Interest in Government and Business

Minnesota Law Review, Vol. 95, p. 1637, 2011, Minnesota Legal Studies Research Paper No. 11-35
Number of pages: 56 Posted: 06 Sep 2011
Claire A. Hill and Richard W. Painter
University of Minnesota Law School and University of Minnesota Law School
Downloads 102 (245,479)

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government bailouts, fiduciary duties, conflicts of interest, professional responsibility

42.

Repugnant Business Models: Preliminary Thoughts on a Research and Policy Agenda

Washington and Lee Law Review, Vol. 74, No. 2, 2017, Minnesota Legal Studies Research Paper No. 17-03
Number of pages: 28 Posted: 23 Jan 2017 Last Revised: 20 Apr 2017
Claire A. Hill
University of Minnesota Law School
Downloads 83 (280,135)

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corporate social responsibility, paternalism, autonomy, externalization

Reducing the Negative Consequences of Identity: A Potential Role for the Nonprofit Sector in the Era of Globalization

Number of pages: 22 Posted: 23 Jul 2008
Avner Ben-Ner and Claire A. Hill
University of Minnesota - Twin Cities and University of Minnesota Law School
Downloads 81 (286,945)

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Reducing the Negative Consequences of Identity: A Potential Role for the Nonprofit Sector in the Era of Globalization

Annals of Public and Cooperative Economics, Vol. 79, Issue 3-4, pp. 579-600, September/December 2008
Number of pages: 22 Posted: 12 Sep 2008
Avner Ben-Ner and Claire A. Hill
University of Minnesota - Twin Cities and University of Minnesota Law School
Downloads 2 (622,931)
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44.

Justification Norms Under Uncertainty: A Preliminary Inquiry

Connecticut Insurance Law Journal, Vol. 17, No. 1, p. 27, 2010, Minnesota Legal Studies Research Paper No. 11-32
Number of pages: 29 Posted: 06 Sep 2011
Claire A. Hill
University of Minnesota Law School
Downloads 67 (316,561)

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justification, norms, herding, uncertainty, risk

45.

The Myth of Discovery

Minnesota Journal of Law, Science & Technology, Vol. 9, No. 2, p. 743, 2008, Minnesota Legal Studies Research Paper No. 11-33
Number of pages: 13 Posted: 06 Sep 2011
Claire A. Hill
University of Minnesota Law School
Downloads 54 (352,462)

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preferences, rationality, choice

46.

Caremark as Soft Law

90 Temple Law Review 681 (2018)
Number of pages: 17 Posted: 11 Sep 2018
Claire A. Hill
University of Minnesota Law School
Downloads 44 (384,586)

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Caremark, soft law, corporate governance, social norms, compliance

47.

A Personality Theory of Sophisticated Investor Decision-Making (In the 2008 Financial Crisis), with Some Policy Implications

Revue internationale des services financiers/International Journal for Financial Services, Forthcoming, Minnesota Legal Studies Research Paper No. 17-02
Number of pages: 8 Posted: 24 Jan 2017 Last Revised: 06 Feb 2017
Claire A. Hill
University of Minnesota Law School
Downloads 44 (384,586)

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financial regulation; behavioral law and economics

48.

Reducing the Social Costs of (Some) Priors

Minnesota Legal Studies Research Paper
Number of pages: 22 Posted: 10 Feb 2016
Claire A. Hill
University of Minnesota Law School
Downloads 31 (434,812)

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identity, behavioral law and economics, priors

49.

Cheap Sentiment

Law and Contemporary Problems, Vol. 81, No. 3, 2018
Number of pages: 15 Posted: 23 May 2018
Claire A. Hill
University of Minnesota Law School
Downloads 25 (463,775)

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cognitive dissonance, behavioral law and economics, altruism

50.

Of the Conditional Fee as a Response to Lawyers, Bankers and Loopholes

American University Business Law Review, Vol. 1, No. 1, 42
Number of pages: 16 Posted: 23 Apr 2018 Last Revised: 12 Jul 2018
Claire A. Hill and Richard W. Painter
University of Minnesota Law School and University of Minnesota Law School
Downloads 6 (567,785)

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Dodd-Frank, financial crisis, securities, regulatory, regulation, standards-based regulation

51.

Innovation, Morality, Externalities, and Evolution

Posted: 22 Jun 2012
Claire A. Hill
University of Minnesota Law School

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52.

How Can Pernicious Norms Be Changed? The Case of Investment Bankers

Gruter Institute Squaw Valley Conference: Law, Institutions & Human Behavior, 2011
Posted: 24 May 2011
Claire A. Hill
University of Minnesota Law School

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53.

Justification Under Uncertainty: A Preliminary Inquiry

Gruter Institute Squaw Valley Conference 2010: Law, Institutions & Human Behavior
Posted: 16 May 2010
Claire A. Hill
University of Minnesota Law School

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54.

Investor Psychology and the Financial Crisis

Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain
Posted: 21 May 2009
Claire A. Hill
University of Minnesota Law School

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55.

Review Essay: Law and Economics in the Personal Sphere

Law & Social Inquiry, Forthcoming
Posted: 08 Oct 2003
Claire A. Hill
University of Minnesota Law School

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