Frank Partnoy

University of California, Berkeley - School of Law

215 Boalt Hall

Berkeley, CA 94720-7200

United States

SCHOLARLY PAPERS

45

DOWNLOADS
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Top 125

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75,504

CITATIONS
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Top 1,239

in Total Papers Citations

444

Scholarly Papers (45)

1.

The Promise and Perils of Credit Derivatives

University of Cincinnati Law Review, Vol. 75, p. 1019, 2007, U of Penn, Inst for Law & Econ Research Paper No. 06-22, U of Penn Law School, Public Law Working Paper No. 06-36, San Diego Legal Studies Paper No. 07-74
Number of pages: 33 Posted: 13 Sep 2006 Last Revised: 20 Mar 2010
David A. Skeel and Frank Partnoy
University of Pennsylvania Law School and University of California, Berkeley - School of Law
Downloads 9,870 (396)
Citation 30

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credit derivatives, credit quality, banks, credit default swap, collateralized debt obligation, risks, moral hazard, disclosure, credit ratings, bankruptcy

2.

How and Why Credit Rating Agencies are Not Like Other Gatekeepers

FINANCIAL GATEKEEPERS: CAN THEY PROTECT INVESTORS?, Yasuyuki Fuchita, Robert E. Litan, eds., Brookings Institution Press and the Nomura Institute of Capital Markets Research, 2006, San Diego Legal Studies Paper No. 07-46
Number of pages: 45 Posted: 04 May 2006
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 9,345 (445)
Citation 31

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Credit ratings, agencies, regulation, first amendment, CDOs

3.

Hedge Fund Activism, Corporate Governance, and Firm Performance

Journal of Finance, Vol. 63, p. 1729, 2008, ECGI - Finance Working Paper No. 139/2006, Vanderbilt Law and Economics Research Paper No. 07-28, FDIC Center for Financial Research Working Paper No. 2008-06
Number of pages: 56 Posted: 05 Apr 2007
Alon Brav, Wei Jiang, Randall S. Thomas and Frank Partnoy
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, Vanderbilt University - Law School and University of California, Berkeley - School of Law
Downloads 6,531 (848)
Citation 138

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Hedge Fund, Activism, Governance

4.

The Siskel and Ebert of Financial Markets: Two Thumbs Down for the Credit Rating Agencies

Washington University Law Quarterly, Vol 77, pp. 619-712, 1999
Number of pages: 104 Posted: 01 Sep 1999
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 6,090 (968)
Citation 51

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5.

The Paradox of Credit Ratings

U San Diego Law & Econ Research Paper No. 20
Number of pages: 23 Posted: 08 Oct 2001
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 5,289 (1,211)
Citation 25

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6.

Enron and Derivatives

Number of pages: 32 Posted: 28 Feb 2002
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 3,310 (2,776)
Citation 1

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7.

Rules for Growth: Promoting Innovation and Growth Through Legal Reform

Yale Law & Economics Research Paper No. 426, Stanford Law and Economics Olin Working Paper No. 410, UC Berkeley Public Law Research Paper No. 1757982
Number of pages: 513 Posted: 08 Feb 2011 Last Revised: 20 Feb 2014
Council on Foreign Relations (CFR) - Council on Foreign Relations- Washington D.C., Harvard University, George Mason University - Antonin Scalia Law School, Faculty, Massachusetts Institute of Technology (MIT) - Human Dynamics Group, Arizona State University (ASU), University of California, Berkeley - School of Law, University of California at Berkeley, Notre Dame Law School, Stanford Law School, Vermont Law School, USC Law School and Department of Economics, Stanford Law School, University of California, Berkeley - School of Law, Yale University - Law School, University of Illinois College of Law (deceased), Columbia University - Columbia Law School, Yale University - Law School, Harvard Law School, Columbia University - Law School, Israel Supreme Court, University of Illinois at Urbana-Champaign - Graduate School of Library and Information Science, Ewing Marion Kauffman Foundation, American Enterprise Institute and affiliation not provided to SSRN
Downloads 2,676 (4,002)
Citation 3

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entrepreneurship, policy, growth, rules, innovation, immigration, intellectual property, ip, university, business, federal, national, patent

8.

Rethinking Regulation of Credit Rating Agencies: An Institutional Investor Perspective

Council of Institutional Investors, April 2009, San Diego Legal Studies Paper No. 09-014
Number of pages: 22 Posted: 08 Jul 2009
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 2,255 (5,335)
Citation 8

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credit ratings, credit rating agencies, derivatives, structured finance, regulation, accounting, credit derivative

9.
Downloads 2,145 ( 5,803)

The Returns to Hedge Fund Activism

ECGI - Law Working Paper No. 098/2008
Number of pages: 35 Posted: 24 Mar 2008
Alon Brav, Wei Jiang, Frank Partnoy and Randall S. Thomas
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, University of California, Berkeley - School of Law and Vanderbilt University - Law School
Downloads 2,145 (5,689)
Citation 32

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Hedge Fund, Activism, Governance

The Returns to Hedge Fund Activism

Financial Analysts Journal, Vol. 64, No. 6, 2008, San Diego Legal Studies Paper No. 09-002
Posted: 17 Dec 2008
Alon Brav, Wei Jiang, Frank Partnoy and Randall S. Thomas
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, University of California, Berkeley - School of Law and Vanderbilt University - Law School

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Alternative Investments - Hedge Fund Strategies, Portfolio Management - Hedge Fund Strategies, Corporate Governance

Overdependence on Credit Ratings was a Primary Cause of the Crisis

Proceedings of the 2008 International Banking Conference: "The First Credit Market Turmoil of the 21st Century", World Scientific Publishers, 2009 , San Diego Legal Studies Paper No. 09-015
Number of pages: 19 Posted: 09 Jul 2009
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 1,620 (9,139)
Citation 5

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credit ratings, credit rating agencies, derivatives, stuctured finance, regulation, accounting, credit derivatives

Overdependence on Credit Ratings was a Primary Cause of the Crisis

FEEM Working Paper No. 27.2009
Number of pages: 25 Posted: 29 Jun 2009
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 517 (48,423)
Citation 5

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Rating Agencies, Subprime Mortgages, Securitization

11.

Isda, Nasd, Cfma, and Sdny: The Four Horsemen of Derivatives Regulation?

U San Diego, Public Law Research Paper No. 39
Number of pages: 53 Posted: 17 Jun 2002
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 1,978 (6,647)
Citation 6

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12.

Gap Filling, Hedge Funds, and Financial Innovation

BROOKINGS-NOMURA PAPERS ON FINANCIAL SERVICES, Yasuki Fuchita, Robert E. Litan, eds., Brookings Institution Press, 2007, Vanderbilt Law and Economics Research Paper No. 06-21, San Diego Legal Studies Paper No. 07-72
Number of pages: 62 Posted: 20 Sep 2006
Frank Partnoy and Randall S. Thomas
University of California, Berkeley - School of Law and Vanderbilt University - Law School
Downloads 1,789 (7,960)
Citation 23

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hedge funds, activism, corporate governance, risks, derivatives, institutional investors

13.

Credit Rating Agencies and Regulatory Reform

Research Handbook on the Economics of Corporate Law, 2012, Forthcoming, San Diego Legal Studies Paper No. 12-082
Number of pages: 30 Posted: 18 Apr 2012
Aline Darbellay and Frank Partnoy
affiliation not provided to SSRN and University of California, Berkeley - School of Law
Downloads 1,752 (8,216)
Citation 1

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Credit ratings, credit rating agencies, regulation, reform, Dodd-Frank Act, securities laws, oversight, accountability, liability, derivatives, structured finance, credit derivative

14.

Why Markets Crash and What Law Can Do About it

Number of pages: 80 Posted: 26 Nov 1999
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 1,558 (9,947)
Citation 12

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15.

Derivatives on TV: A Tale of Two Derivatives Debacles in Prime-Time

U San Diego Law & Econ Research Paper No. 08; U of Penn, Inst for Law & Econ Research Paper 01-04; USC Law School, Olin Research Paper No. 01-1
Number of pages: 11 Posted: 16 Feb 2001
Peter H. Huang, Frank Partnoy and Kimberly D. Krawiec
University of Colorado Law School, University of California, Berkeley - School of Law and Duke University School of Law
Downloads 1,378 (12,145)
Citation 1

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16.

The Second Wave of Hedge Fund Activism: The Importance of Reputation, Clout, and Expertise.

Vanderbilt Law and Economics Research Paper No. 15-9, Journal of Corporate Finance, Vol. 40, No. 296-314, 2016
Number of pages: 59 Posted: 06 Apr 2015 Last Revised: 15 Sep 2016
Case Western Reserve University - Department of Banking & Finance, University of California, Berkeley - School of Law and Vanderbilt University - Law School
Downloads 1,268 (13,788)

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Hedge funds, Shareholder Activism, Hedge fund reputation, Hedge fund investments, Proxy fights, Lawsuits, Post-intervention performance, Selection bias control, Hedge fund Capital under management, Hedge fund number of Portfolio Companies, Hedge fund Board Seats, Anti-takeover Provisions

17.

Adding Derivatives to the Corporate Law Mix

Georgia Law Review, 2000
Number of pages: 23 Posted: 19 Oct 2000
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 1,118 (16,779)
Citation 5

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18.

Historical Perspectives on the Financial Crisis: Ivar Kreuger, the Credit-Rating Agencies, and Two Theories About the Function, and Dysfunction, of Markets

Yale Journal on Regulation, Vol. 26, 2009, San Diego Legal Studies Paper No. 10-009
Number of pages: 14 Posted: 03 Feb 2010
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 1,111 (16,931)
Citation 7

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crisis, derivatives, history, kreuger, credit ratings, securities regulation, special purpose entities, CDO, collateralized debt obligation

19.

The Modern Corporation Statement on Company Law

Number of pages: 4 Posted: 29 Oct 2016
Cornell Law School - Jack G. Clarke Business Law Institute, SciencesPo, Kent Law School, University of Cambridge - Centre for Business Research (CBR), Boston College Law School, University of Sheffield - Law School, University of Kent, Canterbury - Kent Law School, Vanderbilt University - Law School, University of York - York Law School, Queen Mary University of London - School of Law, Queen Mary, University of London, (CCLS), Washington and Lee University - School of Law, University of Oslo - Faculty of Law, University of Bristol, York University - Osgoode Hall Law School, University of Essex - School of Law, University of York (UK), University of Michigan, Stephen M. Ross School of Business, University of Manchester, The Business School, University of Colorado Denver, University of Leeds - School of Law, University of Cambridge, Faculty of Law, Deakin University, Geelong, Australia - Deakin Law School, University of Waikato - Management School, The University of Hong Kong - School of Business, York law School, University of Georgia School of Law, University of California, Davis - School of Law, Hofstra University College of Law, University of Technology, Sydney, Washington and Lee University - School of Law, University of Brescia, Wachtell, Lipton, Rosen & Katz, Peter A. Allard School of Law, University of Victoria - Faculty of Law, NYU School of Law, Seyfarth Shaw LLP, Audencia School of Management, University of California, Berkeley - School of Law, INSEAD, Alvares Penteado School of Business (Fecap), Independent, Universidad Complutense de Madrid (UCM) - Colegio Universitario de Estudios Financieros (CUNEF), Université Grenoble Alpes, São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP, University of South Africa - School of Law, Deakin University, Geelong, Australia - Deakin Law School, Cornell Law School, University of South Australia - School of Law, University of Essex - School of Law, Queen's University Belfast - School of Law, Independent, City University London - Sir John Cass Business School, City University London - Faculty of Management and New York University (NYU) - NYU School of Law (Paris)
Downloads 1,050 (18,405)

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Company, Law, Corporate, Governance

Strict Liability for Gatekeepers: A Reply to Professor Coffee

U San Diego Law and Economics Research Paper No. 3
Number of pages: 9 Posted: 17 Jun 2003
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 562 (43,468)
Citation 5

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Strict Liability for Gatekeepers: A Reply to Professor Coffee

Boston University Law Review, Vol. 84, p. 365, 2004
Number of pages: 10 Posted: 16 Nov 2004
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 420 (62,791)
Citation 5

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strict liability, gatekeepers, insurance

21.

Credit Default Swap Spreads as Viable Substitutes for Credit Ratings

University of Pennsylvania Law Review, Vol. 158, 2010, San Diego Legal Studies Paper No. 10-031
Number of pages: 40 Posted: 27 Aug 2010 Last Revised: 03 Sep 2010
Mark J. Flannery, Joel F. Houston and Frank Partnoy
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Department of Finance, Insurance and Real Estate and University of California, Berkeley - School of Law
Downloads 977 (20,531)
Citation 5

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credit ratings, credit default swaps, finance, structured finance, event studies

22.

What's (Still) Wrong with Credit Ratings

Washington Law Review, Forthcoming, San Diego Legal Studies Paper No. 17-285
Number of pages: 67 Posted: 16 May 2017 Last Revised: 05 Oct 2017
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 974 (20,630)

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credit ratings, credit rating agency, Dodd-Frank Act, regulatory licenses, Office of Credit Ratings, Regulation Fair Disclosure, Regulation FD

23.

Barbarians at the Gatekeepers?: A Proposal for a Modified Strict Liability Regime

Washington University Law Quarterly, Vol. 79
Number of pages: 44 Posted: 27 Aug 2001
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 940 (21,744)
Citation 9

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24.

Encumbered Shares

University of Illinois Law Review, Forthcoming
Number of pages: 36 Posted: 17 Nov 2004
Shaun P. Martin and Frank Partnoy
University of San Diego School of Law and University of California, Berkeley - School of Law
Downloads 884 (23,766)
Citation 18

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shareholder, shareholder voting, law and economics, encumbered shares, one-share one-vote principle

25.

A Revisionist View of Enron and the Sudden Death of 'May'

Villanova Law Review, Vol. 48, No. 4, p. 1245, 2003
Number of pages: 37 Posted: 17 Jun 2003
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 882 (23,833)
Citation 2

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26.

The Shifting Contours of Global Derivatives Regulation

U San Diego Law & Econ Research Paper No. 15
Number of pages: 69 Posted: 27 Aug 2001
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 828 (26,123)
Citation 4

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27.

2013 State of Entrepreneurship Address: 'Financing Entrepreneurial Growth'

Ewing Marion Kauffman Foundation Research Paper
Number of pages: 16 Posted: 07 Feb 2013
Madrona Venture Group, Bogan Associates, LLC, Private Investor, University of California, Berkeley - School of Law, Gruter Institute for Law and Behavioral Research, Vermont Law School, WR Hambrecht + Co, National Association of Securities Dealers, Inc., NASD, University of Oxford - Said Business School, Independent, Ewing Marion Kauffman Foundation, Harvard Business School - Finance Unit, Council on Foreign Relations (CFR) - Council on Foreign Relations- Washington D.C., Ewing Marion Kauffman Foundation, Harvard University - Entrepreneurial Management Unit, University of California, Berkeley - School of Law, BATS Global Markets, Inc., AngelList, University of Florida - Department of Finance, Insurance and Real Estate, University of Colorado at Boulder, Fuqua School of Business, Duke University, Independent, SecondMarket, Babson College, Ewing Marion Kauffman Foundation and Astia
Downloads 824 (26,310)

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state of entrepreneurship, entrepreneurship, state, national, policy, job creation, regulation, barriers, growth, finance, crowdfunding, bank debt, IPO, venture capital

28.

Some Policy Implications of Single-Stock Futures

U San Diego Law & Econ Research Paper No. 10
Number of pages: 8 Posted: 28 Feb 2001
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 737 (30,689)
Citation 2

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29.

Financial Innovation and Corporate Law

San Diego Legal Studies Paper No. 07-89, Iowa Journal of Corporation Law, Vol. 31, p. 799, 2006
Number of pages: 30 Posted: 29 Mar 2007
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 697 (33,088)
Citation 2

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CDOs, credit derivatives, credit quality, banks, credit default swap, collateralized debt obligation, risks, moral hazard, disclosure, credit ratings, bankruptcy

30.

The Misuse of Tobin's Q

UC Berkeley Public Law Research Paper
Number of pages: 50 Posted: 15 Feb 2018 Last Revised: 28 Jun 2018
Robert P. Bartlett and Frank Partnoy
University of California, Berkeley - School of Law and University of California, Berkeley - School of Law
Downloads 549 (45,385)

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Tobin's q, firm value, corporate governance, law and finance

31.

U.S. Hedge Fund Activism

Research Handbook on Shareholder Power, Elgar Press, 2015, Forthcoming, San Diego Legal Studies Paper No. 15-187
Number of pages: 33 Posted: 27 Mar 2015
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 496 (51,665)

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hedge funds, corporate governance, market efficiency, shareholder activism, hedge fund activism, shareholder rights, takeovers, proxy fights, shareholder voting, equity derivatives, empty voting, encumbered shares, Telus

32.

Finance and Patent Length

U San Diego Law & Econ Research Paper No. 19
Number of pages: 46 Posted: 27 Sep 2001
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 453 (57,829)

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33.

Financial Systems, Crises and Regulation

Oxford Handbook of Financial Regulation, Chapter 5, 2014, San Diego Legal Studies Paper No. 14-154
Number of pages: 25 Posted: 12 May 2014
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 401 (67,086)

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crises, regulation, financial crisis, crashes market failure, regulatory license, moral hazard, bank capital, lender of the last resort

34.

Synthetic Common Law

U San Diego Law and Economics Research Paper No. 04
Number of pages: 100 Posted: 11 Oct 2000
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 396 (68,061)
Citation 1

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35.

Shapeshifting Corporations

University of Chicago Law Review, Vol. 76, 2009, San Diego Legal Studies Paper No. 10-010
Number of pages: 28 Posted: 03 Feb 2010
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 237 (119,767)

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private equity, derivatives, finance, structured finance

36.

Second-Order Benefits from Standards

Boston College Law Review, Vol. 48, p. 169, 2007, San Diego Legal Studies Paper No. 07-90
Number of pages: 24 Posted: 29 Mar 2007
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 233 (121,840)
Citation 1

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CDOs, credit derivatives, credit quality, banks, credit default swap, collateralized debt obligation, risks, moral hazard, disclosure, credit ratings, bankruptcy

37.

Disclosure Strategies and Shareholder Litigation Risk

San Diego Legal Studies Paper No. 15-186
Number of pages: 52 Posted: 27 Mar 2015
Michael Furchtgott and Frank Partnoy
University of California, San Diego (UCSD) - Department of Economics and University of California, Berkeley - School of Law
Downloads 217 (130,680)

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litigation risk, class action lawsuits, disclosure, restatements, event study

38.

The New Shareholder Activism

Number of pages: 40 Posted: 16 Jan 2006
Frank Partnoy and Randall S. Thomas
University of California, Berkeley - School of Law and Vanderbilt University - Law School
Downloads 206 (137,234)
Citation 1

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39.

Information Bundling and Securities Litigation

San Diego Legal Studies Paper No. 16-219
Number of pages: 53 Posted: 15 Jun 2016 Last Revised: 28 Nov 2016
University of San Diego, University of California, Berkeley - School of Law and University of California, San Diego (UCSD) - Department of Economics
Downloads 205 (137,850)

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strategic information disclosure, class-action securities lawsuits, litigation risk, earnings restatements

40.

Making Credit Ratings Data Publicly Available

San Diego Legal Studies Paper No. 18-320
Number of pages: 3 Posted: 18 Jan 2018
Marc D. Joffe and Frank Partnoy
Public Sector Credit Solutions and University of California, Berkeley - School of Law
Downloads 156 (176,141)

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credit ratings, credit rating agency, Dodd-Frank Act, regulatory licenses, Office of Credit Ratings, Regulation Fair Disclosure, Regulation FD

41.

The Match King, Chapter 9: The Author's Cut

Michigan State Law Review, Vol. 2009, 2010, San Diego Legal Studies Paper No. 10-030
Number of pages: 33 Posted: 27 Aug 2010
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 156 (176,141)

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credit ratings, credit default swaps, finance, structured finance, event studies

42.

Corporations and Human Life

Seattle University Law Review, Vol. 40, No. 2, 2017, San Diego Legal Studies Paper No. 17-268
Number of pages: 28 Posted: 30 Mar 2017 Last Revised: 06 Apr 2017
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 151 (180,999)

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Corporate Law, Liability, Tort Liability, Regulation, Regulation and Tort Liability Costs in Terms of Human Life

43.

The Timing and Source of Regulation

Seattle University Law Review, Vol. 37, No. 423, 2014, San Diego Legal Studies Paper No. 14-155
Number of pages: 13 Posted: 11 May 2014
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 147 (185,043)

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rules, principles, regulation, adjudication, arbitration, securities, derivatives, ISDA, transparency, disclosure, proprietary trading, Volcker Rule, financial innovation

44.

Delaware and Financial Risk

The Corporate Contract in Changing Times (Forthcoming), San Diego Legal Studies Paper No. 17-280
Number of pages: 20 Posted: 26 Apr 2017 Last Revised: 04 May 2017
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 77 (291,226)

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Financial risk, financial risk management, Delaware, financial risk and the modern corporate contract

45.

Law and the Theory of Fields

Seattle University Law Review, v. 39, 2016, San Diego Legal Studies Paper No. 16-224
Number of pages: 14 Posted: 13 Oct 2016
Frank Partnoy
University of California, Berkeley - School of Law
Downloads 49 (365,935)

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rules, principles, regulation, adjudication, arbitration, securities, derivatives, ISDA, transparency, disclosure, proprietary trading, Volcker Rule, financial innovation