Lucian A. Bebchuk

Harvard Law School

Professor of Law, Economics and Finance; Director, Corporate Governance Program

Cambridge, MA 02138

United States

http://www.law.harvard.edu/faculty/bebchuk/

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Harvard Law School

    • Email
    • Tel: 617-495-3138
    • Fax: 617-812-0554

  • European Corporate Governance Institute (ECGI)

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

155

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373,922

SSRN CITATIONS
Rank 77

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Top 77

in Total Papers Citations

3,885

CROSSREF CITATIONS

3,271

Scholarly Papers (155)

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1.

What Matters in Corporate Governance?

Downloads 37,174 ( 87)
Citation 1,280

What Matters in Corporate Governance?

Review of Financial Studies, Vol. 22, No. 2, pp. 783-827, February 2009, Harvard Law School John M. Olin Center Discussion Paper No. 491 (2004)
Number of pages: 61 Posted: 21 Sep 2004 Last Revised: 17 Apr 2009
Lucian A. Bebchuk, Alma Cohen and Allen Ferrell
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 37,174 (86)
Citation 1,280

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Corporate governance, agency costs, boards, directors, takeovers, tender offers, mergers and acquisitions, proxy fights, defensive tactics, entrenchment, anti-takeover provisions, staggered boards, corporate charters, corporate bylaws, golden parachutes, poison pills

What Matters in Corporate Governance?

The Review of Financial Studies, Vol. 22, Issue 2, pp. 783-827, 2009
Posted: 25 Jan 2009
Lucian A. Bebchuk, Alma Cohen and Allen Ferrell
Harvard Law School, Harvard Law School and Harvard Law School

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G30, G34, K22

2.

The Illusory Promise of Stakeholder Governance

Cornell Law Review, Volume 106, 2020, pp. 91-178, Harvard Law School John M. Olin Center Discussion Paper No.1052, Harvard Law School Program on Corporate Governance Working Paper 2020-1
Number of pages: 81 Posted: 27 Feb 2020 Last Revised: 03 Mar 2023
Lucian A. Bebchuk and Roberto Tallarita
Harvard Law School and Harvard Law School
Downloads 15,264 (431)
Citation 25

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corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, corporate constituencies, enlightened shareholder value, corporate governance, Business Roundtable, constituency statutes, entrenchment, accountability, managerialism

3.

The Long-Term Effects of Hedge Fund Activism

Downloads 14,903 ( 454)
Citation 95

The Long-Term Effects of Hedge Fund Activism

Harvard Law School John M. Olin Center Discussion Paper No. 802, Columbia Law Review, Vol. 115, 2015, pp. 1085-1156, Columbia Business School Research Paper No. 13-66
Number of pages: 77 Posted: 07 Aug 2013 Last Revised: 02 Jul 2015
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Emory University Goizueta Business School
Downloads 14,662 (462)
Citation 50

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Corporate governance, short-termism, managerial myopia, long-term value, investor horizons, market efficiency, shareholder activism, hedge fund activism, shareholder rights, takeovers, proxy fights, takeover defenses, hedge funds

The Long-Term Effects of Hedge Fund Activism

NBER Working Paper No. w21227
Number of pages: 85 Posted: 08 Jun 2015 Last Revised: 24 Jul 2022
Lucian A. Bebchuk, Alon Brav and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business and Emory University Goizueta Business School
Downloads 241 (209,772)
Citation 32

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4.

Regulating Bankers' Pay

Georgetown Law Journal, Vol. 98, No. 2, pp. 247-287, 2010, Harvard Law and Economics Discussion Paper No. 641
Number of pages: 52 Posted: 30 May 2009 Last Revised: 08 Oct 2010
Lucian A. Bebchuk and Holger Spamann
Harvard Law School and Harvard Law School
Downloads 12,543 (612)
Citation 11

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executive compensation, banks, financial regulation, financial firms, financial crisis, TARP, restricted shares, options, moral hazard, risk-taking, prudential regulation, say on pay, compensation committees

5.

The Case for Increasing Shareholder Power

Harvard Law Review, Vol. 118, No. 3, pp. 833-914, January 2005, Harvard Law and Economics Discussion Paper No. 500
Number of pages: 82 Posted: 17 Mar 2003 Last Revised: 28 Apr 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 11,490 (724)

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corporate governance, shareholders, managers, directors, boards, stakeholders, agency costs, mergers, takeovers, acquisitions, proxy contests, corporate charters, charter amendments, state competition, dividends, distributions, free cash-flow, empire-building, myopia, short-termism, corporate reform

6.

Pay Without Performance: Overview of the Issues

Journal of Corporation Law, Vol. 30, No. 4, pp. 647-673, 2005, Journal of Applied Corporate Finance, Vol. 17, No. 4, pp. 8-22, 2005, Academy of Management Perspectives, pp. 5-24, February 2006, Harvard Law and Economics Discussion Paper No. 528
Number of pages: 16 Posted: 19 Jul 2005 Last Revised: 28 Apr 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 11,224 (755)
Citation 26

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Keywords: Corporate governance, managers, shareholders, boards, directors, executive compensation, stock options, principal-agent problem, agency costs, rent extraction, disclosure, stealth compensation, compensation consultants, camouflage.

7.

The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008

Yale Journal on Regulation, Vol. 27, 2010, pp. 257-282, Harvard Law and Economics Discussion Paper No. 657, ECGI - Finance Working Paper No. 287
Number of pages: 31 Posted: 26 Nov 2009 Last Revised: 01 Dec 2010
Lucian A. Bebchuk, Alma Cohen and Holger Spamann
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 10,988 (784)
Citation 73

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Lehman Brothers, Bear Stearns, the financial crisis, banks, executive compensation, risk-taking, compensation structures, bonus compensation, stock options, restricted shares, moral hazard

8.

Executive Compensation as an Agency Problem

Downloads 8,502 ( 1,220)
Citation 494

Executive Compensation as an Agency Problem

Journal of Economic Perspectives, Vol. 17, pp. 71-92, 2003, Harvard Law and Economics Discussion Paper No. 421
Number of pages: 29 Posted: 06 Jan 2003 Last Revised: 28 Apr 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 8,255 (1,276)
Citation 47

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Executive Compensation as an Agency Problem

NBER Working Paper No. w9813
Number of pages: 27 Posted: 05 Jul 2003 Last Revised: 26 Oct 2022
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 191 (261,344)
Citation 76

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Executive Compensation as an Agency Problem

Number of pages: 30 Posted: 27 Aug 2003
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 56 (614,686)
Citation 132
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M14, corporate governance, managers, shareholders, boards, directors, executive compensation, stock options, principal-agent problem, agency costs, rent extraction, golden parachutes, executive loans, compensation consultants, expensing

9.

Pay Without Performance: The Unfulfilled Promise of Executive Compensation

Harvard University Press, 2004
Number of pages: 18 Posted: 30 Apr 2004 Last Revised: 18 Jul 2019
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 7,904 (1,395)
Citation 6

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Corporate governance, managers, executives, shareholders, boards, directors, executive compensation, principal-agent problem, pay for performance, agency costs, stock options, rents, camouflage

10.

The State of Corporate Governance Research

Downloads 7,586 ( 1,495)
Citation 22

The State of Corporate Governance Research

Review of Financial Studies, Vol. 23. No. 3, pp. 939-961, 2010., Fisher College of Business Working Paper No. 2009-03-20 , Charles A. Dice WP 2009-21, Harvard Law and Economics Discussion Paper No. 652
Number of pages: 39 Posted: 21 Nov 2009 Last Revised: 27 Sep 2010
Lucian A. Bebchuk and Michael S. Weisbach
Harvard Law School and Ohio State University (OSU) - Department of Finance
Downloads 6,990 (1,701)
Citation 15

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corporate governance, investor protection, shareholders, shareholder activism

The State of Corporate Governance Research

NBER Working Paper No. w15537
Number of pages: 39 Posted: 24 Nov 2009 Last Revised: 16 Jun 2023
Lucian A. Bebchuk and Michael S. Weisbach
Harvard Law School and Ohio State University (OSU) - Department of Finance
Downloads 596 (75,431)

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11.

A Theory of Path Dependence in Corporate Ownership and Governance

Stanford Law Review, Vol. 52, pp. 127-170, 1999, Columbia Law School, Center for Studies in Law & Economics Paper No. 131, November 1999
Number of pages: 41 Posted: 03 Jan 2000 Last Revised: 26 Apr 2009
Lucian A. Bebchuk and Mark J. Roe
Harvard Law School and Harvard Law School
Downloads 7,569 (1,500)
Citation 54

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12.

A Plan for Addressing the Financial Crisis

The Economists' Voice, Vol. 5, No. 5, Article 6, 2008, Harvard Law and Economics Discussion Paper No. 620, September 2008
Number of pages: 15 Posted: 26 Sep 2008 Last Revised: 29 Jun 2012
Lucian A. Bebchuk
Harvard Law School
Downloads 7,478 (1,527)
Citation 3

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Financial crisis, bailout, subprime mortgages, creditor run

13.

The Myth of the Shareholder Franchise

Virginia Law Review, Vol. 93, No. 3, pp. 675-732, 2007, Harvard Law and Economics Discussion Paper No. 567, October 2005
Number of pages: 58 Posted: 23 Jun 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 6,136 (2,120)
Citation 15

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Corporate governance, directors, boards, shareholders, shareholder rights, shareholder voting, shareholder franchise, corporate elections, corporate ballot, proxy fights, proxy contests, access to the ballot, staggered boards, confidential voting, majority voting, bylaws, entrenchment, myopia

14.

Managerial Power and Rent Extraction in the Design of Executive Compensation

Downloads 6,030 ( 2,191)
Citation 205

Managerial Power and Rent Extraction in the Design of Executive Compensation

University of Chicago Law Review, Vol. 69, pp. 751-846, 2002, Harvard Law and Economics Discussion Paper No. 366, June 2002
Number of pages: 97 Posted: 19 Jun 2002 Last Revised: 28 Apr 2009
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 5,809 (2,298)
Citation 2

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corporate governance, managers, shareholders, directors, boards, executive compensation, stock options, private benefits of control, principal-agent problem, agency costs, rent extraction, golden parachutes, accounting, FASB rules, disclosure, camouflage, insider trading, indexed options, vesting

Managerial Power and Rent Extraction in the Design of Executive Compensation

NBER Working Paper No. w9068
Number of pages: 101 Posted: 20 Jul 2002 Last Revised: 13 Oct 2022
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 184 (270,315)
Citation 2

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Managerial Power and Rent Extraction in the Design of Executive Compensation

Number of pages: 103 Posted: 30 Oct 2002
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 37 (733,851)
Citation 17
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Corporate governance, managers, shareholders, directors, boards, executive compensation, stock options, private benefits of control, principal-agent problem, agency costs, rent extraction, golden parachutes, accounting, FASB rules, disclosure, camouflage

15.

Paying for Long-Term Performance

University of Pennsylvania Law Review, Vol. 158, pp. 1915-1959, 2010, Harvard Law and Economics Discussion Paper No. 658
Number of pages: 46 Posted: 14 Jan 2010 Last Revised: 08 Oct 2010
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 5,763 (2,351)
Citation 52

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executive compensation, executive pay, equity-based compensation, restricted shares, options, risk-taking, long-term, retention, backdating, spring-loading, unloading, insider trading, hedging, derivatives

16.

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

Downloads 5,142 ( 2,897)
Citation 43

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

Columbia Law Review, Vol. 119, December 2019, pp. 2029-2146, European Corporate Governance Institute (ECGI) - Law Working Paper No. 433/2018, Harvard Law School John M. Olin Center Discussion Paper No. 986
Number of pages: 125 Posted: 14 Nov 2018 Last Revised: 31 Jul 2020
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 5,086 (2,916)
Citation 11

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Index funds, passive investing, institutional investors, corporate governance, stewardship, engagement, monitoring, agency problems, shareholder activism, hedge fund activism

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

NBER Working Paper No. w26543
Number of pages: 106 Posted: 16 Dec 2019 Last Revised: 12 Jul 2023
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 56 (614,686)
Citation 36

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17.

Asymmetric Information and the Choice of Corporate Governance Arrangements

Harvard Law and Economics Discussion Paper No. 398
Number of pages: 33 Posted: 04 Nov 2002 Last Revised: 08 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 4,807 (3,238)
Citation 22

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adverse selection, asymmetric information, corporate governance, investor protection, security design, private benefits of control, agency costs, expropriation, minority shareholders, IPO, going public, corporate charter, contractual freedom, private ordering, takeovers, antitakeover provisions, self-dealing

18.

Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Creation and Agency Costs of Separating Control from Cash Flow Rights

Concentrated Corporate Ownership, (R. Morck, ed.), pp. 295-315, 2000, Harvard Law and Economics Discussion Paper No. 249
Number of pages: 29 Posted: 01 Feb 1999 Last Revised: 02 Oct 2009
Lucian A. Bebchuk, Reinier Kraakman and George G. Triantis
Harvard Law School, Harvard Law School and Stanford Law School
Downloads 4,765 (3,294)
Citation 46

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Pyramids, dual-class, cross-ownership, cash flow nights, votes, agency costs, corporate governance, law and finance

19.

The Perils and Questionable Promise of ESG-Based Compensation

Journal of Corporation Law, Volume 48, 2022, pp. 37-75
Harvard Law School John M. Olin Center Discussion Paper No. 1090
Harvard Law School Program on Corporate Governance Working Paper 2022-10
, European Corporate Governance Institute - Law Working Paper No. 671/2022
Number of pages: 49 Posted: 04 Mar 2022 Last Revised: 20 Mar 2023
Lucian A. Bebchuk and Roberto Tallarita
Harvard Law School and Harvard Law School
Downloads 4,437 (3,722)
Citation 14

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corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, compensation, corporate governance, ESG

20.

The Myth that Insulating Boards Serves Long-Term Value

Columbia Law Review, Vol. 113, No. 6, pp. 1637-1694, October 2013, Harvard Law School John M. Olin Center Discussion Paper No. 755
Number of pages: 60 Posted: 11 Apr 2013 Last Revised: 26 Nov 2019
Lucian A. Bebchuk
Harvard Law School
Downloads 4,415 (3,751)
Citation 5

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Short-termism, myopia, corporate governance, shareholders, boards, managers, long-term value, investor horizons, shareholder rights, shareholder power, shareholder activism, takeovers, corporate elections, entrenchment, antitakeover defenses, market efficiency, hedge funds

21.

The Growth of Executive Pay

Downloads 4,384 ( 3,802)
Citation 133

The Growth of Executive Pay

Oxford Review of Economic Policy, Vol. 21, pp. 283-303, 2005, Harvard Law and Economics Discussion Paper No. 510
Number of pages: 36 Posted: 14 Jan 2005 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, Yaniv Grinstein and Yaniv Grinstein
Harvard Law School and Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 4,279 (3,889)
Citation 15

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executive compensation, equity-based compensation, cash compensation, growth of compensation, managerial power

The Growth of Executive Pay

NBER Working Paper No. w11443
Number of pages: 36 Posted: 12 Jul 2005 Last Revised: 09 Oct 2022
Lucian A. Bebchuk, Yaniv Grinstein and Yaniv Grinstein
Harvard Law School and Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 105 (423,253)
Citation 9

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The Growth of Executive Pay

Oxford Review of Economic Policy, Vol. 21, Issue 2, pp. 283-303, 2005
Posted: 29 Feb 2008
Lucian A. Bebchuk, Yaniv Grinstein and Yaniv Grinstein
Harvard Law School and Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management

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22.

Will Corporations Deliver Value to All Stakeholders?

Vanderbilt Law Review, Volume 75, 2022, pp. 1031-1091
Harvard Law School John M. Olin Center Discussion Paper No. 1078
Harvard Law School Program on Corporate Governance Working Paper 2021-11
, European Corporate Governance Institute - Law Working Paper No. 645/2022
Number of pages: 62 Posted: 05 Aug 2021 Last Revised: 07 Mar 2023
Lucian A. Bebchuk and Roberto Tallarita
Harvard Law School and Harvard Law School
Downloads 4,304 (3,910)
Citation 41

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Corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, corporate constituencies, corporate governance, Business Roundtable, corporate governance guidelines, proxy statements, shareholder proposals, corporate bylaws

23.

Takeover Bids Vs. Proxy Fights in Contests for Corporate Control

Downloads 4,294 ( 3,923)
Citation 8

Takeover Bids Vs. Proxy Fights in Contests for Corporate Control

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 04/2002, Harvard Law and Economics Discussion Paper No. 336
Number of pages: 47 Posted: 23 Apr 2003 Last Revised: 10 Dec 2018
Lucian A. Bebchuk and Oliver Hart
Harvard Law School and Harvard University - Department of Economics
Downloads 4,114 (4,147)
Citation 6

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Corporate governance, corporate control, takeovers, proxy contests, mergers and acquisitions

Takeover Bids vs. Proxy Fights in Contests for Corporate Control

NBER Working Paper No. w8633
Number of pages: 42 Posted: 06 Dec 2001 Last Revised: 05 Aug 2022
Lucian A. Bebchuk and Oliver Hart
Harvard Law School and Harvard University - Department of Economics
Downloads 180 (275,607)

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24.

The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy

Downloads 4,177 ( 4,134)
Citation 111

The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy

Stanford Law Review, Vol. 54, pp. 887-951, 2002, Harvard Law and Economics Discussion Paper No. 353
Number of pages: 66 Posted: 18 Mar 2002 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, John C. Coates IV and Guhan Subramanian
Harvard Law School, Harvard Law School and Harvard Business School
Downloads 4,023 (4,297)
Citation 11

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Takeover, mergers and acquisitions, tender offers, takeover bids, defensive tactics, staggered boards, poison pills

The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy

NBER Working Paper No. w8974
Number of pages: 73 Posted: 30 May 2002 Last Revised: 09 Apr 2022
Lucian A. Bebchuk, John C. Coates IV and Guhan Subramanian
Harvard Law School, Harvard Law School and Harvard Business School
Downloads 154 (315,263)
Citation 23

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25.

The Untenable Case for Perpetual Dual-Class Stock

Virginia Law Review, Volume 103, pp. 585-631, June 2017, Harvard Law School John M. Olin Center Discussion Paper No. 905, Harvard Law School Program on Corporate Governance Discussion Paper 2017-6
Number of pages: 48 Posted: 20 Apr 2017 Last Revised: 30 Aug 2017
Lucian A. Bebchuk and Kobi Kastiel
Harvard Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 4,158 (4,160)
Citation 24

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Corporations, Dual-Class, Controlling Shareholders, Corporate Governance, Agency Costs, Sunset

26.

Learning and the Disappearing Association Between Governance and Returns

Downloads 4,148 ( 4,174)
Citation 99

Learning and the Disappearing Association Between Governance and Returns

Journal of Financial Economics, Vol. 108, No. 2, pp. 323-348, May 2013, Harvard Law School John M. Olin Center Discussion Paper No. 667
Number of pages: 56 Posted: 14 Apr 2010 Last Revised: 12 Jun 2014
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 3,861 (4,587)
Citation 18

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Corporate governance, governance indices, GIM, G-Index, E-Index, shareholder rights, entrenchment, market efficiency, learning, earning announcements, analyst forecasts, IRRC provisions, behavioral finance, asset pricing

Learning and the Disappearing Association between Governance and Returns

NBER Working Paper No. w15912
Number of pages: 44 Posted: 26 Apr 2010 Last Revised: 25 Jun 2023
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 287 (175,915)
Citation 23

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27.

The Agency Problems of Institutional Investors

Journal of Economic Perspectives, Vol. 31 pp. 89-102 (Summer 2017)., Harvard Law School Olin Discussion Paper No. 930
Number of pages: 26 Posted: 09 Jun 2017 Last Revised: 05 May 2020
Lucian A. Bebchuk, Alma Cohen and Scott Hirst
Harvard Law School, Harvard Law School and Boston University - School of Law
Downloads 3,943 (4,524)
Citation 64

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institutional investors, investment managers, mutual funds, index funds, hedge fund activism

28.

Director Liability

Delaware Journal of Corporate Law, Vol. 31, No. 3, pp. 1011-1045, 2006
Number of pages: 35 Posted: 20 Nov 2006
Lucian A. Bebchuk, Joseph E. Bachelder, Roel C. Campos, Byron S. Georgiou, Alan G. Hevesi, William Lerach, Robert Mendelsohn, Robert A.G. Monks, Toby Myerson, John F. Olson, Leo E. Strine Jr. and John C. Wilcox
Harvard Law School, Bachelder Law Offices, U.S. Securities and Exchange Commission, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, New York State Office of the State Comptroller, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, Royal & Sun Alliance, Harvard College, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Gibson, Dunn & Crutcher LLP, Wachtell, Lipton, Rosen & Katz and SODALI
Downloads 3,924 (4,552)
Citation 2

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delaware, journal, corporate, law, transcript, personal liability, directors, Harvard Law, Corporate governance, directors, boards, shareholders, shareholder suits, liability, plaintiffs lawyers, derivative suits, securities litigation, D&O insurance

29.

Executive Compensation at Fannie Mae: A Case Study of Perverse Incentives, Nonperformance Pay, and Camouflage

Journal of Corporation Law, Vol. 30, No. 4, pp. 807-822, 2005, UC Berkeley Public Law Research Paper No. 653125, Harvard Law and Economics Discussion Paper No. 505, February 2005
Number of pages: 15 Posted: 02 Feb 2005 Last Revised: 05 May 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 3,915 (4,571)
Citation 16

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Executive compensation, agency problems, pay for performance, nonperformance pay, performance pay, soft landing, golden goodbyes, camouflage, misreporting, restatement, earning manipulation, incentives

30.

Dancing with Activists

Downloads 3,862 ( 4,678)
Citation 43

Dancing with Activists

Journal of Financial Economics, Vol. 137, pp. 1-41, July 2020 , Harvard Law and Economics Discussion Paper No. 906, Columbia Business School Research Paper No. 17-44, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 604/2019
Number of pages: 88 Posted: 10 Apr 2017 Last Revised: 18 May 2020
Lucian A. Bebchuk, Alon Brav, Wei Jiang and Thomas Keusch
Harvard Law School, Duke University - Fuqua School of Business, Emory University Goizueta Business School and INSEAD
Downloads 3,774 (4,781)
Citation 23

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Corporate governance, hedge fund activism, activist settlements

Dancing with Activists

NBER Working Paper No. w26171
Number of pages: 77 Posted: 09 Sep 2019 Last Revised: 06 Jul 2023
Lucian A. Bebchuk, Alon Brav, Wei Jiang and Thomas Keusch
Harvard Law School, Duke University - Fuqua School of Business, Emory University Goizueta Business School and INSEAD
Downloads 88 (476,923)

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31.

The Specter of the Giant Three

Downloads 3,773 ( 4,874)
Citation 23

The Specter of the Giant Three

Boston University Law Review, Vol. 99, 2019, pp. 721-741, Harvard Law School John M. Olin Center Discussion Paper No. 1004, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 608/2019
Number of pages: 32 Posted: 10 May 2019 Last Revised: 20 Mar 2020
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 3,672 (5,021)
Citation 27

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index funds, passive investing, institutional investors, ETFs, Big Three, stewardship, engagement, shareholder activism, corporate voting, ownership concentration

The Specter of the Giant Three

NBER Working Paper No. w25914
Number of pages: 21 Posted: 11 Jun 2019 Last Revised: 23 Apr 2023
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 101 (435,359)

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32.

The Elusive Quest for Global Governance Standards

University of Pennsylvania Law Review, Vol. 157, pp. 1263-1317, 2009, Harvard Law and Economics Discussion Paper No. 633
Number of pages: 55 Posted: 08 Apr 2009 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 3,619 (5,250)
Citation 8

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Corporate governance, investor protection, agency costs, law and finance, governance indices, global standards, best practices, controlling shareholders, CGQ, anti-director index, anti-self-dealing index.

33.

The Illusory Promise of Stakeholder Governance: Presentation Slides

Number of pages: 29 Posted: 04 May 2020 Last Revised: 09 Nov 2020
Lucian A. Bebchuk and Roberto Tallarita
Harvard Law School and Harvard Law School
Downloads 3,405 (5,827)
Citation 3

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corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, corporate constituencies, enlightened shareholder value, corporate governance, Business Roundtable, constituency statutes, entrenchment, accountability, managerialism

34.

Letting Shareholders Set the Rules

Harvard Law Review, Vol. 119, pp. 1784-1813, 2006
Number of pages: 31 Posted: 17 Mar 2006
Lucian A. Bebchuk
Harvard Law School
Downloads 3,315 (6,090)
Citation 4

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corporate governance, shareholders, managers, directors, boards, centralized management, corporate law, agency costs, corporate charters, charter amendments, incorporation, state competition, IPO, proxy contests, corporate reform

35.

Golden Parachutes and the Wealth of Shareholders

Journal of Corporate Finance, Vol. 25, April 2014, pp. 140-154, Harvard Law School John M. Olin Center Discussion Paper No. 683
Number of pages: 44 Posted: 02 Dec 2010 Last Revised: 14 Nov 2018
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 3,258 (6,261)
Citation 12

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Golden Parachute, Executive Compensation, Corporate Governance, Acquisitions, Takeovers, Acquisition Likelihood, Acquisition Premiums, Agency Costs, Tobin’s Q, Dodd-Frank

36.

Misreporting Corporate Performance

Harvard Law and Economics Discussion Paper No. 400
Number of pages: 45 Posted: 07 Dec 2002 Last Revised: 08 May 2009
Oren Bar-Gill and Lucian A. Bebchuk
Harvard Law School and Harvard Law School
Downloads 3,178 (6,526)
Citation 60

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Asymmetric information, acquisitions, corporate governance, disclosure, myopia, short-termism, executive compensation, stock options, insider trading, accounting, financial statements, earnings management, auditor, financial reporting

37.

The CEO Pay Slice

Downloads 3,041 ( 6,986)
Citation 109

The CEO Pay Slice

102 Journal of Financial Economics, Vol. 102, 2011, pp. 199-221
Number of pages: 55 Posted: 15 Nov 2007 Last Revised: 20 Nov 2018
Lucian A. Bebchuk, Martijn Cremers and Urs Peyer
Harvard Law School, University of Notre Dame and INSEAD - Finance
Downloads 2,916 (7,336)
Citation 109

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Executive compensation, corporate governance, CEOs, executives, options, equity-based compensation, non-equity compensation, Tobin's Q, firm entrenchment, CEO turnover, independent directors, CEO chair, acquisitions, CEO turnover, pay for luck., variability of returns, pay distribution, internal pay

CEO Centrality

NBER Working Paper No. w13701
Number of pages: 49 Posted: 31 Dec 2007 Last Revised: 10 Dec 2022
Lucian A. Bebchuk, Martijn Cremers and Urs Peyer
Harvard Law School, University of Notre Dame and INSEAD - Finance
Downloads 125 (372,106)
Citation 1

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38.

The Costs of Entrenched Boards

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Citation 173

The Costs of Entrenched Boards

Journal of Financial Economics, Vol. 78, pp. 409-433, 2005, Harvard Law and Economics Discussion Paper No. 478
Number of pages: 37 Posted: 08 Dec 2003 Last Revised: 23 May 2019
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 2,851 (7,603)
Citation 140

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Corporate governance, Tobin's Q, firm value, agency costs, boards, directors, takeovers, tender offers, mergers and acquisitions, proxy fights, defensive tactics, antitakeover provisions, staggered boards, poison pills

The Costs of Entrenched Boards

NBER Working Paper No. w10587
Number of pages: 36 Posted: 07 Jul 2004 Last Revised: 07 Dec 2022
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 134 (352,871)
Citation 61

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39.

A Rent-Protection Theory of Corporate Ownership and Control

Downloads 2,942 ( 7,359)
Citation 12

A Rent-Protection Theory of Corporate Ownership and Control

EFA 0285, 1999, Harvard Law and Economics Discussion Paper No. 260
Number of pages: 46 Posted: 22 Aug 1999 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 2,737 (8,083)
Citation 19

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A Rent-Protection Theory of Corporate Ownership and Control

NBER Working Paper No. w7203
Number of pages: 46 Posted: 13 Mar 2000 Last Revised: 09 Mar 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 205 (244,836)
Citation 2

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40.

Lucky CEOs

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Citation 4

Lucky CEOs

Journal of Finance, 2010 (published as "Lucky CEOs and Lucky Directors"), Harvard Law and Economics Discussion Paper No. 566
Number of pages: 49 Posted: 20 Nov 2006 Last Revised: 09 Dec 2010
Lucian A. Bebchuk, Yaniv Grinstein, Yaniv Grinstein and Urs Peyer
Harvard Law School, Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management and INSEAD - Finance
Downloads 2,867 (7,543)

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Executive compensation, corporate governance, options, backdating, spring-loading, inside information, CEO, independent directors

Lucky CEOS

NBER Working Paper No. w12771
Number of pages: 62 Posted: 23 Dec 2006 Last Revised: 25 Nov 2022
Lucian A. Bebchuk, Yaniv Grinstein, Yaniv Grinstein and Urs Peyer
Harvard Law School, Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management and INSEAD - Finance
Downloads 74 (529,915)

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41.

For Whom Corporate Leaders Bargain

Southern California Law Review, Volume 94, 2021, pp. 1467-1560
Harvard Law School Program on Corporate Governance Working Paper no. 2020-4
Number of pages: 99 Posted: 20 Aug 2020 Last Revised: 06 Mar 2023
Lucian A. Bebchuk, Kobi Kastiel and Roberto Tallarita
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 2,854 (7,727)
Citation 6

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corporate purpose, stakeholders, stakeholder-ism, stakeholder governance, stakeholder capitalism, constituency statutes, corporate social responsibility, corporate governance, agency costs, entrenchment, accountability, managerial-ism, private equity, mergers & acquisitions

42.

The Market for Corporate Law

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Citation 11

The Market for Corporate Law

Journal of Institutional and Theoretical Economics, Vol. 162, pp. 134-172, 2006, Harvard Law and Economics Discussion Paper No. 377
Number of pages: 44 Posted: 28 Jun 2001 Last Revised: 17 Aug 2009
Oren Bar-Gill, Michal Barzuza and Lucian A. Bebchuk
Harvard Law School, University of Virginia School of Law and Harvard Law School
Downloads 2,691 (8,305)
Citation 3

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corporate law, managers, shareholders, regulatory competition, Delaware, private benefits of control, network externalities

The Market for Corporate Law

NBER Working Paper No. w9156
Number of pages: 43 Posted: 23 Oct 2002 Last Revised: 10 Jul 2022
Lucian A. Bebchuk, Oren Bar-Gill and Michal Barzuza
Harvard Law School, Harvard Law School and University of Virginia School of Law
Downloads 85 (487,468)

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The Market for Corporate Law

Number of pages: 45 Posted: 04 Nov 2002
Lucian A. Bebchuk, Oren Bar-Gill and Michal Barzuza
Harvard Law School, Harvard Law School and University of Virginia School of Law
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Network externalities, private benefits of control, Delaware, regulatory competition, shareholders, corporate law

43.

Firms' Decisions Where to Incorporate

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Citation 47

Firms' Decisions Where to Incorporate

Journal of Law and Economics, Vol. 46, pp. 383-425, 2003, Harvard Law and Economics Discussion Paper No. 351, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 003/2002
Number of pages: 50 Posted: 11 Apr 2003 Last Revised: 04 Dec 2018
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 2,456 (9,567)
Citation 33

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Delaware, incorporation, corporate governance, regulatory competition, managers, shareholders, takeovers, antitakeover statutes, antitakeover defenses, home bias

Firms' Decisions Where to Incorporate

NBER Working Paper No. w9107
Number of pages: 53 Posted: 16 Aug 2002 Last Revised: 22 May 2022
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 83 (494,612)
Citation 16

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44.

Independent Directors and Controlling Shareholders

165 University of Pennsylvania Law Review, Issue 6 (May 2017).
Number of pages: 52 Posted: 07 Mar 2016 Last Revised: 26 Oct 2017
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 2,493 (9,529)
Citation 10

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Controlling Shareholders, Corporate Control, Independent Directors, Corporate Governance, Agency Problems, Conflict of Interest, Self-Dealing, Controller Opportunism, Tunneling, Boards of Directors

45.

Lucky CEOs and Lucky Directors

Journal of Finance, Vol. 65, No. 6, pp. 2363-2401, 2010, Johnson School Research Paper Series No. 39-09, CELS 2009 4th Annual Conference on Empirical Legal Studies Paper
Number of pages: 49 Posted: 03 Dec 2010 Last Revised: 26 Oct 2011
Lucian A. Bebchuk, Yaniv Grinstein, Yaniv Grinstein and Urs Peyer
Harvard Law School, Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management and INSEAD - Finance
Downloads 2,403 (10,078)
Citation 25

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Executive compensation, corporate governance, options, backdating, timing, spring-loading, inside information, CEO, independent directors

46.

How Twitter Pushed Stakeholders Under The Bus

Forthcoming, Stanford Journal of Law, Business, and Finance, Volume 28, 2023
Harvard Law School John M. Olin Center Discussion Paper No. 1102
Harvard Law School Program on Corporate Governance Working Paper 2023-1
, European Corporate Governance Institute - Law Working Paper No. 704/2023
Number of pages: 42 Posted: 24 Jan 2023 Last Revised: 02 Jun 2023
Lucian A. Bebchuk, Kobi Kastiel and Anna Toniolo
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard University - Harvard Law School
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stakeholders, stakeholder capitalism, stakeholder governance, corporate social responsibility, corporate purpose, Twitter, Elon Musk

47.

Rethinking Basic

The Business Lawyer, Vol. 69, No. 3, pp. 671-697, May 2014, Harvard Law School John M. Olin Center Discussion Paper No. 764
Number of pages: 41 Posted: 24 Dec 2013 Last Revised: 11 Jun 2014
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 2,375 (10,273)

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Basic, Class Action, Class Certification, Fraud-on-the-Market, Halliburton, Securities Litigation

48.

The Law and Economics of Blockholder Disclosure

Harvard Business Law Review, Vol. 2, No. 1, pp. 40-60, Spring 2012, Harvard Law School John M. Olin Center Discussion Paper No. 702, Columbia Law and Economics Research Paper No. 405
Number of pages: 23 Posted: 14 Jul 2011 Last Revised: 05 Jun 2015
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
Downloads 2,339 (10,554)
Citation 23

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49.

Shining Light on Corporate Political Spending

Georgetown Law Journal, Vol. 101, April 2013, pp. 923-967, Harvard Law School John M. Olin Center Discussion Paper No. 728, Columbia Law and Economics Working Paper No. 431
Number of pages: 47 Posted: 12 Sep 2012 Last Revised: 15 Aug 2014
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
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Political spending, SEC, disclosure, transparency

50.

Does Enlightened Shareholder Value Add Value?

The Business Lawyer, Volume 77, 2022, pp. 731-754
Harvard Law School John M. Olin Center Discussion Paper No. 1077
Harvard Law School Program on Corporate Governance Working Paper 2022-5
, European Corporate Governance Institute - Law Working Paper No. 643/2022
Number of pages: 32 Posted: 06 Apr 2022 Last Revised: 20 Mar 2023
Lucian A. Bebchuk, Kobi Kastiel and Roberto Tallarita
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 2,241 (11,363)
Citation 3

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Corporate purpose, corporate social responsibility, stakeholders, stakeholder governance, stakeholder capitalism, stakeholderism, corporate constituencies, enlightened shareholder value, corporate governance, short-termism

51.

How to Make TARP II Work

Harvard Law and Economics Discussion Paper No. 626, 2009
Number of pages: 15 Posted: 14 Feb 2009 Last Revised: 29 Jun 2012
Lucian A. Bebchuk
Harvard Law School
Downloads 2,234 (11,382)

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Troubled assets, Bailout, Financial Crisis, Banks, Financial Stability

52.

Corporate Political Speech: Who Decides?

Harvard Law Review, Vol. 124, pp. 83-117, 2010., Harvard Law and Economics Discussion Paper No. 676
Number of pages: 42 Posted: 01 Sep 2010 Last Revised: 14 Dec 2010
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
Downloads 2,180 (11,835)
Citation 1

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Public Corporation, Political Contributions, Campaign Finance, Citizens United

53.

Stakeholder Capitalism in the Time of COVID

Yale Journal of Regulation, Volume 40, 2023, pp. 60-126
Harvard Law School John M. Olin Center Discussion Paper No. 1088
Harvard Law School Program on Corporate Governance Working Paper
, European Corporate Governance Institute - Law Working Paper No. 670/202 2022-22
Number of pages: 79 Posted: 07 Feb 2022 Last Revised: 06 Mar 2023
Lucian A. Bebchuk, Kobi Kastiel and Roberto Tallarita
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 2,079 (12,782)

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Stakeholders, stakeholderism, stakeholder governance, stakeholder capitalism, corporate social responsibility, corporate purpose, COVID-19, employees, accountability, managerialism, mergers & acquisitions

54.

Investor Protection and Interest Group Politics

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Citation 16

Investor Protection and Interest Group Politics

Review of Financial Studies, Vol. 23. No. 3, pp. 1089-1119, 2010, Harvard Law and Economics Discussion Paper No. 603
Number of pages: 43 Posted: 15 Nov 2007 Last Revised: 28 Mar 2010
Lucian A. Bebchuk and Zvika Neeman
Harvard Law School and Tel Aviv University - Eitan Berglas School of Economics
Downloads 1,971 (13,633)

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Investor protection, corporate governance, corporate law, interest groups, political economy, law and finance, insiders, institutional investors, entrepreneurs, equity capital, agency costs, private benefits of control

Investor Protection and Interest Group Politics

NBER Working Paper No. w13702
Number of pages: 45 Posted: 31 Dec 2007 Last Revised: 11 Dec 2022
Lucian A. Bebchuk and Zvika Neeman
Harvard Law School and Tel Aviv University - Eitan Berglas School of Economics
Downloads 60 (593,816)
Citation 8

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55.

Firm Expansion and CEO Pay

Downloads 1,994 (13,623)
Citation 6

Firm Expansion and CEO Pay

Harvard Law and Economics Discussion Paper No. 533, 2005, Johnson School Research Paper No. 27-06
Number of pages: 39 Posted: 07 Nov 2005 Last Revised: 10 May 2009
Lucian A. Bebchuk, Yaniv Grinstein and Yaniv Grinstein
Harvard Law School and Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,917 (14,246)
Citation 3

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executive compensation, firm size, acquisitions, distributions, repurchases, stock issuance, empire-building, sales growth, pay for performance, options

Firm Expansion and CEO Pay

NBER Working Paper No. w11886
Number of pages: 33 Posted: 06 Apr 2006 Last Revised: 25 Dec 2022
Lucian A. Bebchuk, Yaniv Grinstein and Yaniv Grinstein
Harvard Law School and Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management
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56.

Stealth Compensation Via Retirement Benefits

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Citation 15

Stealth Compensation Via Retirement Benefits

Berkeley Business Law Journal, Vol. 1, pp. 291-326, 2004, Harvard Law and Economics Discussion Paper No. 487, UC Berkeley Public Law Research Paper No. 583861
Number of pages: 34 Posted: 02 Sep 2004 Last Revised: 29 Apr 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 1,762 (16,258)
Citation 2

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Executive compensation, pay for performance, agency costs, rent extraction, stealth compensation, camouflage, retirement benefits, deferred compensation, executive pensions, perks

Stealth Compensation Via Retirement Benefits

NBER Working Paper No. w10742
Number of pages: 33 Posted: 22 Sep 2004 Last Revised: 09 Nov 2022
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 69 (551,346)
Citation 3

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57.

Executive Pensions

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Citation 21

Executive Pensions

Journal of Corporation Law, Vol. 30, No. 4, pp. 823-855, 2005, Harvard Law and Economics Discussion Paper No. 507
Number of pages: 33 Posted: 30 Mar 2005 Last Revised: 29 Apr 2009
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
Downloads 1,670 (17,686)
Citation 11

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Executive compensation, executive retirement benefits, executive pensions, stealth compensation, camouflage, pay for performance

Executive Pensions

NBER Working Paper No. w11907
Number of pages: 47 Posted: 22 Jan 2006 Last Revised: 16 Jul 2022
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
Downloads 109 (412,071)
Citation 5

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58.

Federal Corporate Law: Lessons from History

Columbia Law Review, Vol. 106, pp. 1793-1839, 2006, Harvard Law and Economics Discussion Paper No. 558
Number of pages: 48 Posted: 29 Aug 2006 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 1,766 (16,480)
Citation 1

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State competition, regulatory competition, Delaware regulations, incorporations, Corporate Charters, corporate law, corporate governance, securities regulations, SEC

59.

The Case for Shareholder Access to the Ballot

The Business Lawyer, Vol. 59, pp. 43-66, 2003, Harvard Law and Economics Discussion Paper No. 428
Number of pages: 31 Posted: 05 Dec 2003 Last Revised: 29 Apr 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 1,755 (16,632)
Citation 27

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corporate governance, directors, shareholders, shareholder voting, corporate elections, proxy fights, proxy contests, proxy rules, SEC

60.

Buying Troubled Assets

Yale Journal on Regulation, Vol. 26, 2009, Harvard Law and Economics Discussion Paper No. 636
Number of pages: 21 Posted: 24 Apr 2009 Last Revised: 15 Sep 2009
Lucian A. Bebchuk
Harvard Law School
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Troubled assets, toxic assets, public-private investment program, bailout, financial crisis, banks, financial stability, U.S. Treasury

61.

The Perils of Small-Minority Controllers

Georgetown Law Journal, Vol. 107, 2019, pp.1453-1514, European Corporate Governance Institute (ECGI) - Law Working Paper No. 434/2018, Harvard Law School John M. Olin Center Discussion Paper No. 985
Number of pages: 78 Posted: 23 Feb 2018 Last Revised: 09 Oct 2019
Lucian A. Bebchuk and Kobi Kastiel
Harvard Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 1,746 (16,774)
Citation 7

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Corporate Governance, Agency Problems, Dual-Class, Controlling Shareholders, Small-Minority Controllers, Tiny-Minority Controllers, Wedge, Nonvoting Stock, IPO

62.

Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

Downloads 1,743 (16,820)
Citation 3

Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

Harvard Law School John M. Olin Center Discussion Paper No. 697
Number of pages: 36 Posted: 13 Nov 2010 Last Revised: 11 Jun 2014
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 1,670 (17,686)
Citation 2

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Corporate governance, staggered boards, takeover defenses, antitakeover provisions, proxy fights, Tobin's Q, firm value, agency costs, Delaware, chancery court, Airgas

Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

NBER Working Paper No. w17127
Number of pages: 36 Posted: 20 Jun 2011 Last Revised: 20 Apr 2023
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 73 (534,166)
Citation 1

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63.

Pay Distribution in the Top Executive Team

Harvard Law and Economics Discussion Paper No. 574
Number of pages: 57 Posted: 12 Jan 2007 Last Revised: 18 May 2009
Lucian A. Bebchuk, Martijn Cremers and Urs Peyer
Harvard Law School, University of Notre Dame and INSEAD - Finance
Downloads 1,728 (17,072)
Citation 12

Abstract:

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Executive compensation, corporate governance, CEOs, options, equity-based compensation, non-equity compensation, Tobin's Q, entrenchment, independent directors, board size, CEO tenure, CEO turnover, acquisitions, variability of returns, pay distribution, and internal pay equity

64.

A New Approach to Takeover Law and Regulatory Competition

Downloads 1,712 (17,344)
Citation 16

A New Approach to Takeover Law and Regulatory Competition

Virginia Law Review, Vol. 87, pp. 111-164, 2001 , Harvard Law and Economics Discussion Paper No. 309
Number of pages: 55 Posted: 06 Feb 2001 Last Revised: 29 Apr 2009
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 1,624 (18,462)
Citation 6

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Takeovers, mergers and acquisitions, corporate governance, regulatory competition

A New Approach to Takeover Law and Regulatory Competition

NBER Working Paper No. w8148
Number of pages: 64 Posted: 08 Mar 2001 Last Revised: 08 Oct 2022
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 88 (476,923)

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65.

Toward a Constitutional Review of the Poison Pill

Columbia Law Review, Vol. 114, No. 6, pp. 1549-1594, October 2014, Harvard Law School John M. Olin Center Discussion Paper No. 772, Columbia Public Law Research Paper No. 14-386
Number of pages: 45 Posted: 01 Mar 2014 Last Revised: 09 Dec 2014
Lucian A. Bebchuk and Robert J. Jackson Jr.
Harvard Law School and New York University School of Law
Downloads 1,701 (17,479)
Citation 4

Abstract:

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Corporate governance, Mergers and acquisitions, takeovers, tender offers, antitakeover defenses, poison pill, Williams Act, preemption, state antitakeover statutes

66.

Lucky Directors

Downloads 1,644 (18,427)
Citation 3

Lucky Directors

Journal of Finance, 2010 (published as "Lucky CEOs and Lucky Directors"), Harvard Law and Economics Discussion Paper No. 573
Number of pages: 49 Posted: 18 Dec 2006 Last Revised: 14 Dec 2010
Lucian A. Bebchuk, Yaniv Grinstein, Yaniv Grinstein and Urs Peyer
Harvard Law School, Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management and INSEAD - Finance
Downloads 1,586 (19,095)

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Executive compensation, corporate governance, stock options, backdating, spring loading, inside information, CEO, independent directors, outside directors, entrenchment

Lucky Directors

NBER Working Paper No. w12811
Number of pages: 54 Posted: 05 Jan 2007 Last Revised: 02 Jan 2023
Lucian A. Bebchuk, Yaniv Grinstein, Yaniv Grinstein and Urs Peyer
Harvard Law School, Reichman University - Interdisciplinary Center (IDC) HerzliyahCornell University - Samuel Curtis Johnson Graduate School of Management and INSEAD - Finance
Downloads 58 (604,048)

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67.

How to Fix Bankers’ Pay

Daedalus, Vol. 139, No. 4, Fall 2010, Harvard Law School John M. Olin Center Discussion Paper No. 677
Number of pages: 15 Posted: 07 Sep 2010 Last Revised: 11 Jun 2014
Lucian A. Bebchuk
Harvard Law School
Downloads 1,631 (18,676)
Citation 1

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Financial Crisis, Executive Compensation, Banking, Risk-Taking

68.

Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy

Journal of Corporation Law, Vol. 39, No. 1, pp. 1-34, Fall 2013, Columbia Business School Research Paper No. 13-33
Number of pages: 36 Posted: 30 Apr 2013 Last Revised: 03 Jun 2015
Lucian A. Bebchuk, Alon Brav, Robert J. Jackson Jr. and Wei Jiang
Harvard Law School, Duke University - Fuqua School of Business, New York University School of Law and Emory University Goizueta Business School
Downloads 1,450 (22,346)
Citation 9

Abstract:

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Corporate governance, disclosure, Williams Act, takeovers, proxy fights, takeover defenses, poison pills, control contests, shareholder activism, activist investors, hedge funds, blockholders

69.

Why Firms Adopt Antitakeover Arrangements

Downloads 1,325 (25,516)
Citation 13

Why Firms Adopt Antitakeover Arrangements

University of Pennsylvania Law Review, Vol. 152, pp. 713-753, 2003, Harvard Law and Economics Discussion Paper No. 420
Number of pages: 42 Posted: 13 Feb 2004 Last Revised: 29 Apr 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 1,262 (26,934)

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corporate governance, corporate control, takeovers, mergers and acquisitions, takeover bids, tender offers, takeover defenses, antitakeover charter provisions, staggered boards, corporate charters, IPO, mandatory rules, sunset arrangements

Why Firms Adopt Antitakeover Arrangements

NBER Working Paper No. w10190
Number of pages: 31 Posted: 04 Jan 2004 Last Revised: 06 Nov 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 63 (579,340)
Citation 1

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70.

The Case Against Board Veto in Corporate Takeovers

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Citation 13

The Case Against Board Veto in Corporate Takeovers

University of Chicago Law Review, Vol. 69, pp. 973-1035, 2002, Harvard Law and Economics Discussion Paper No. 361, 2002
Number of pages: 65 Posted: 31 May 2002 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 1,222 (28,246)

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corporate governance, corporate control, takeovers, mergers and acquisitions, takeover bids, tender offers, takeover defenses

The Case Against Board Veto in Corporate Takeovers

NBER Working Paper No. w9078
Number of pages: 66 Posted: 26 Jul 2002 Last Revised: 26 Oct 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 79 (509,713)
Citation 1

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The Case Against Board Veto in Corporate Takeovers

Number of pages: 68 Posted: 27 Aug 2002
Lucian A. Bebchuk
Harvard Law School
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Corporate governance, corporate control, takeovers, mergers and acquisitions, takeover bids, tender offers, takeover defences

71.

Self-Fulfilling Credit Market Freezes

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Citation 76

Self-Fulfilling Credit Market Freezes

Review of Financial Studies, Vol. 24, No. 11, pp. 3519-3555, 2011, Harvard Law and Economics Discussion Paper No. 623
Number of pages: 50 Posted: 13 Dec 2008 Last Revised: 07 Dec 2011
Lucian A. Bebchuk and Itay Goldstein
Harvard Law School and University of Pennsylvania - The Wharton School - Finance Department
Downloads 1,039 (35,675)
Citation 12

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Credit freeze, self-fulfilling crisis, run on the economy, global games, coordination failure, capital injection, government policy, lender of last resort

Self-Fulfilling Credit-Market Freezes

AFA 2011 Denver Meetings Paper
Number of pages: 42 Posted: 17 Mar 2010 Last Revised: 07 Dec 2011
Lucian A. Bebchuk and Itay Goldstein
Harvard Law School and University of Pennsylvania - The Wharton School - Finance Department
Downloads 164 (298,859)
Citation 3

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Self-Fulfilling Credit Market Freezes

NBER Working Paper No. w16031
Number of pages: 43 Posted: 04 Jun 2010 Last Revised: 22 Apr 2023
Lucian A. Bebchuk and Itay Goldstein
Harvard Law School and University of Pennsylvania - The Wharton School - Finance Department
Downloads 55 (620,099)
Citation 29

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72.

Chapter 11

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Citation 2

Chapter 11

The New Palgrave Dictionary of Economics and the Law, Vol. 3, pp. 219-224, 1998, Harvard Law and Economics Discussion Paper No. 227
Number of pages: 20 Posted: 17 Apr 1998 Last Revised: 29 Apr 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 1,164 (30,401)
Citation 2

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Chapter 11

NBER Working Paper No. w6473
Number of pages: 20 Posted: 24 Jul 2000 Last Revised: 11 Mar 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 78 (513,654)

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73.

One-Sided Contracts in Competitive Consumer Markets

Michigan Law Review, Vol. 104, pp. 827-836, 2006, Harvard Law and Economics Discussion Paper No. 534
Number of pages: 13 Posted: 10 Nov 2005 Last Revised: 29 Apr 2009
Lucian A. Bebchuk and Richard A. Posner
Harvard Law School and University of Chicago Law School
Downloads 1,214 (28,995)
Citation 2

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contracts, standard form contracts, contracts of adhesion, reputation, opportunism, observability

74.

The Powerful Antitakeover Force of Staggered Boards: Further Findings and a Reply to Symposium Participants

Stanford Law Review, Vol. 55, pp. 885-917, 2002, Harvard Law and Economics Discussion Paper No. 393
Number of pages: 31 Posted: 10 Dec 2002 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, John C. Coates IV and Guhan Subramanian
Harvard Law School, Harvard Law School and Harvard Business School
Downloads 1,197 (29,612)
Citation 10

Abstract:

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Takeover, mergers and acquisitions, tender offers, takeover bids, defensive tactics, staggered boards, poison pills, premia, independent directors

75.

The Uneasy Case for the Priority of Secured Claims in Bankruptcy

Yale Law Journal, Vol. 105, pp. 857-934, 1996, Harvard Law and Economics Discussion Paper No. 166
Number of pages: 93 Posted: 19 Jun 2003 Last Revised: 07 May 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 1,125 (32,444)
Citation 5

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Secured debt, bankruptcy, reorganization, chapter 11, priority, creditors, debtors, security interests, collateral, unsecured debt, lenders, borrowers

76.

Does the Evidence Favor State Competition in Corporate Law?

Downloads 1,100 (33,403)
Citation 28

Does the Evidence Favor State Competition in Corporate Law?

California Law Review, Vol. 90, pp. 1775-1821, 2002, Harvard Law and Economics Discussion Paper No. 352
Number of pages: 49 Posted: 06 Mar 2002 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, Alma Cohen and Allen Ferrell
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 1,037 (35,790)

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Delaware, incorporations, corporate charters, regulatory competition, corporate governance, managers, shareholders, takeovers, antitakeover statutes

Does the Evidence Favor State Competition in Corporate Law?

NBER Working Paper No. w9380
Number of pages: 46 Posted: 09 Dec 2002 Last Revised: 20 Aug 2022
Lucian A. Bebchuk, Alma Cohen and Allen Ferrell
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 63 (579,340)
Citation 4

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77.

Private Ordering and the Proxy Access Debate

The Business Lawyer, Vol. 65, No. 2, pp. 329–360, February 2010., Harvard Law and Economics Discussion Paper No. 653
Number of pages: 39 Posted: 27 Nov 2009 Last Revised: 09 Aug 2012
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 1,081 (34,230)
Citation 2

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Proxy access, Securities and Exchange Commission, shareholder voting, corporate elections, corporate governance, directors, default rules, private ordering, boards

78.

A New Approach to Valuing Secured Claims in Bankruptcy

Downloads 1,015 (37,431)
Citation 1

A New Approach to Valuing Secured Claims in Bankruptcy

Harvard Law Review, Vol. 114, pp. 2386-2436, 2001, Harvard Law and Economics Discussion Paper No. 321, 2001, UC Berkeley Public Law Research Paper No. 49
Number of pages: 50 Posted: 10 Apr 2001 Last Revised: 10 May 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 924 (42,106)
Citation 2

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bankruptcy, insolvency, secured debt, security interest, collateral, valuation, bankruptcy reform

A New Approach to Valuing Secured Claims in Bankruptcy

NBER Working Paper No. w8276
Number of pages: 59 Posted: 05 May 2001 Last Revised: 14 Aug 2022
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 91 (466,791)

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79.

Federalism and the Corporation: The Desirable Limits on State Competition in Corporate Law

Harvard Law Review, Vol. 105, No. 7, pp. 1443-1510, 1992
Number of pages: 87 Posted: 10 Jun 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 997 (38,406)
Citation 14

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Delaware, state competition, federalism, race to the top, race to the bottom, corporate governance, corporate law, agency costs, managerial opportunism, private benefits of control, takeovers

80.

Pre-Contractual Reliance

Downloads 994 (38,563)

Pre-Contractual Reliance

Journal of Legal Studies, Vol. 30, pp. 423-457, 2001, Harvard Law and Economics Discussion Paper No. 319, 2001, U of Michigan Law & Economics, Olin Working Paper No. 00-009
Number of pages: 55 Posted: 11 Dec 2000 Last Revised: 10 May 2009
Lucian A. Bebchuk and Omri Ben-Shahar
Harvard Law School and University of Chicago Law School
Downloads 922 (42,221)

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Contracts, bargaining, negotiations, reliance

Pre-Contractual Reliance

NBER Working Paper No. w8235
Number of pages: 55 Posted: 13 Apr 2001 Last Revised: 17 Apr 2022
Lucian A. Bebchuk and Omri Ben-Shahar
Harvard Law School and University of Chicago Law School
Downloads 72 (538,372)

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Pre-Contractual Reliance

John M. Olin Center for Law, Economics, and Business, Harvard Law School, Discussion Paper No. 192
Posted: 20 Jan 1997
Lucian A. Bebchuk and Omri Ben-Shahar
Harvard Law School and University of Chicago Law School

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Contracts, Negotiations, Reliance

81.

Fairness Opinions: How Fair are They and What Can Be Done About it?

Duke Law Journal, Vol. 27, pp. 27-53, 1989, Harvard Law and Economics Discussion Paper No. 50, 1988
Number of pages: 34 Posted: 28 Dec 2003 Last Revised: 10 May 2009
Lucian A. Bebchuk and Marcel Kahan
Harvard Law School and New York University School of Law
Downloads 986 (39,013)
Citation 7

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Investment bankers, fairness opinions, takeovers, freezeouts, corporate governance, conflict of interest, professionals

82.

Bundling and Entrenchment

Harvard Law Review, Vol. 123, No. 7, pp. 1551-1595, 2010, CELS 2009 4th Annual Conference on Empirical Legal Studies Paper, Harvard Law and Economics Discussion Paper No. 659, USC CLEO Research Paper No. C10-2
Number of pages: 55 Posted: 04 Aug 2009 Last Revised: 12 Nov 2013
Lucian A. Bebchuk and Ehud Kamar
Harvard Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 984 (39,126)
Citation 6

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Bundling, entrenchment, staggered boards, mergers, charter amendments, charter provisions, shareholder voting, shareholder approval

83.

The Pressure to Tender: An Analysis and a Proposed Remedy

Number of pages: 41 Posted: 27 Dec 2003
Lucian A. Bebchuk
Harvard Law School
Downloads 973 (39,701)
Citation 1

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Takeovers, targets, pressure, tender offers, for tender anti-takeover arrangements, anti-takeover statues, minority shares, freeze outs, bid price, voting

84.

On the Validity of Poison Pill By-Laws

Number of pages: 49 Posted: 06 Sep 2006
Lucian A. Bebchuk, Jay W. Eisenhofer, Stuart M. Grant, Michael J. Barry and P. Bradford DeLeeuw
Harvard Law School, Grant & Eisenhofer, P.A., Grant & Eisenhofer, P.A., Grant & Eisenhofer, P.A. and Grant & Eisenhofer, P.A.
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Abstract:

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Takeovers, takeover defenses, poison pill, bylaws, charter, fiduciary duties, corporate governance, agency costs, directors, shareholders, Delaware

85.

Efficient and Inefficient Sales of Corporate Control

Downloads 930 (42,331)
Citation 77

Efficient and Inefficient Sales of Corporate Control

Harvard Law and Economics Discussion Paper No. 136
Number of pages: 52 Posted: 24 Mar 2004
Lucian A. Bebchuk
Harvard Law School
Downloads 834 (48,522)
Citation 6

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Corporate control, sale of control, control blocks, large shareholders, mergers and acquisitions, private benefit of control, minority shareholders

Efficient and Inefficient Sales of Corporate Control

NBER Working Paper No. w4788
Number of pages: 39 Posted: 17 Aug 2010 Last Revised: 03 Aug 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 96 (450,501)
Citation 6

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86.

Symposium on Corporate Elections

Harvard Law and Economics Discussion Paper No. 448, 2003
Number of pages: 131 Posted: 01 Dec 2003 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 929 (42,391)
Citation 5

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corporate governance, directors, shareholders, shareholder voting, corporate elections, proxy fights, proxy contests, proxy rules, corporate elections, SEC

87.

Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale

Downloads 920 (43,000)
Citation 17

Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale

Journal of Law, Economics and Organization, Vol. 7, pp. 284-312, 1991, Harvard Law and Economics Discussion Paper No. 78
Number of pages: 31 Posted: 21 Nov 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 700 (61,377)
Citation 12

Abstract:

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contracts, breach, damages, precautions, information, communication

Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale

NBER Working Paper No. w3696
Number of pages: 56 Posted: 28 May 2004 Last Revised: 08 Aug 2022
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 220 (229,265)
Citation 9

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88.

On Takeover Law and Regulatory Competition

Business Lawyer, Vol. 57, pp. 1047-1068, 2002, Harvard Law and Economics Discussion Paper No. 363, 2002
Number of pages: 29 Posted: 24 May 2002 Last Revised: 10 May 2009
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 902 (44,164)
Citation 10

Abstract:

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Delaware, incorporations, corporate charters, regulatory competition, corporate governance, managers, shareholders, takeovers

89.

Big Three Power, and Why it Matters

Boston University Law Review, Volume 102, pp. 1547-1600
Harvard Law School John M. Olin Center Discussion Paper No. 1087
Harvard Law School Program on Corporate Governance Working Paper 2022-8
Number of pages: 59 Posted: 13 Dec 2022 Last Revised: 19 Apr 2023
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 893 (44,782)

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Index funds, passive investing, institutional investors, ETFs, Big Three, stewardship, engagement, monitoring, shareholder activism, corporate voting, ownership concentration

90.

Competing Views on the Economic Structure of Corporate Law

Harvard Law School John M. Olin Center Discussion Paper No. 1079
Harvard Law School Program on Corporate Governance Working Paper 2022-6
European Corporate Governance Institute - Law Working Paper No. 651/2022
Number of pages: 21 Posted: 24 May 2022 Last Revised: 01 Feb 2023
Lucian A. Bebchuk
Harvard Law School
Downloads 877 (45,891)

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91.

The Debate on Contractual Freedom in Corporate Law

Columbia Law Review, Vol. 89, pp. 1395-1415, 1989, Harvard Law and Economics Discussion Paper No. 63
Number of pages: 25 Posted: 01 Jun 2004 Last Revised: 07 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 863 (46,928)
Citation 1

Abstract:

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Corporate charters, freedom of contract, corporate governance, corporate law, corporate voting, midstream opportunism, collective action

92.

A New Approach to Corporate Reorganizations

Harvard Law Review, Vol. 101, pp. 775 – 804, 1988, Harvard Law and Economics Discussion Paper No. 37
Number of pages: 36 Posted: 09 Jun 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 850 (47,939)
Citation 52

Abstract:

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Chapter 11, reorganization, bankruptcy, absolute priority, options

93.

The Harvard Law School Proxy Access Roundtable

Harvard Law and Economics Discussion Paper No. 661
Number of pages: 102 Posted: 21 Jan 2010 Last Revised: 06 Feb 2010
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 848 (48,084)
Citation 9

Abstract:

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Proxy access, Securities and Exchange Commission, shareholder voting, corporate elections, corporate governance, directors, boards

94.

Toward Undistorted Choice and Equal Treatment in Corporate Takeovers

Harvard Law Review, Vol. 98, pp. 1695-1808, 1985, Harvard Law and Economics Discussion Paper No. 5, 1984
Number of pages: 129 Posted: 08 Aug 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 831 (49,475)
Citation 8

Abstract:

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takeovers, mergers and acquisitions, tender offers, takeover bids, targets, acquirers

95.

The Lifecycle Theory of Dual-Class Structures

Number of pages: 36 Posted: 18 Dec 2018 Last Revised: 21 Dec 2018
Lucian A. Bebchuk and Kobi Kastiel
Harvard Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 817 (50,676)
Citation 4

Abstract:

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dual-class stock, controlling shareholders, agency costs, entrenchment, short-termism, sunsets

96.

Ex Ante Costs of Violating Absolute Priority in Bankruptcy

Downloads 809 (51,326)
Citation 49

Ex Ante Costs of Violating Absolute Priority in Bankruptcy

Journal of Finance, Vol. 57, pp. 445-460, 2002, Harvard Law and Economics Discussion Paper No. 328, 2001
Number of pages: 25 Posted: 21 Jul 2001 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 726 (58,467)
Citation 5

Abstract:

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Bankruptcy, Chapter 11, corporate reorganizations, workouts, absolute priority, moral hazard, asset dilution, claim dilution

Ex Ante Costs of Violating Absolute Priority in Bankruptcy

NBER Working Paper No. w8388
Number of pages: 23 Posted: 20 Jul 2001 Last Revised: 04 Dec 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 55 (620,099)

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Ex Ante Costs of Violating Absolute Priority in Bankruptcy

Number of pages: 26 Posted: 27 Sep 2001
Lucian A. Bebchuk
Harvard Law School
Downloads 28 (804,909)
Citation 8
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Bankruptcy, Chapter 11, corporate reorganizations, workouts, absolute priority, moral hazard, asset dilution, claim dilution

97.

Property Rights and Liability Rules: The Ex Ante View of the Cathedral

Michigan Law Review, Vol. 100, pp. 601-639, 2001, Harvard Law and Economics Discussion Paper No. 347, 2001
Number of pages: 50 Posted: 20 Feb 2002 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 798 (52,240)
Citation 4

Abstract:

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externalities, property rights, liability rules, ex ante investments, regulation

98.

Using Options to Divide Value in Corporate Bankruptcy

Downloads 798 (52,240)
Citation 18

Using Options to Divide Value in Corporate Bankruptcy

European Economic Review, Vol. 44, pp. 829-843, 2000, Harvard Law and Economics Discussion Paper No. 271, 1999
Number of pages: 24 Posted: 27 Mar 2000 Last Revised: 10 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 713 (59,899)
Citation 1

Abstract:

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Bankruptcy, reorganization, options

Using Options to Divide Value in Corporate Bankruptcy

NBER Working Paper No. w7614
Number of pages: 24 Posted: 21 May 2000 Last Revised: 26 Oct 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 85 (487,468)
Citation 3

Abstract:

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99.

Managerial Value Diversion and Shareholder Wealth

Downloads 794 (52,593)
Citation 11

Managerial Value Diversion and Shareholder Wealth

The Journal of Law, Economics, and Organization, Vol. 15, No. 2, pp.487-502, 1999, Harvard Law and Economics Discussion Paper No. 179, February 1996
Number of pages: 27 Posted: 30 Jun 1998 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, Christine Jolls and Christine Jolls
Harvard Law School and National Bureau of Economic Research (NBER)Yale Law School
Downloads 718 (59,337)
Citation 1

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Managerial Value Diversion and Shareholder Wealth

NBER Working Paper No. w6919
Number of pages: 27 Posted: 25 Jul 2000 Last Revised: 29 Nov 2022
Lucian A. Bebchuk, Christine Jolls and Christine Jolls
Harvard Law School and National Bureau of Economic Research (NBER)Yale Law School
Downloads 76 (521,660)
Citation 1

Abstract:

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100.

Adverse Selection and Gains to Controllers in Corporate Freezeouts

Concentrated Corporate Ownership (Randall K. Morck, ed., University of Chicago Press), pp. 247-259, 2000, New York University, Center for Law & Business, Working Paper No. 99-008, Harvard Law and Economics Discussion Paper No. 248, January 1999
Number of pages: 15 Posted: 01 Feb 1999 Last Revised: 29 Apr 2009
Lucian A. Bebchuk and Marcel Kahan
Harvard Law School and New York University School of Law
Downloads 782 (53,697)
Citation 10

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Corporate freezeouts, minority shareholders, private benefits of control, expropriation, agency costs, appraisal

101.

The Untenable Case for Keeping Investors in the Dark

Harvard Business Law Review, Vol. 10, pp. 1-48, 2020, Harvard Law School John M. Olin Center Discussion Paper No. 1025
Number of pages: 54 Posted: 10 Nov 2018 Last Revised: 18 May 2020
Lucian A. Bebchuk, Robert J. Jackson Jr., James David Nelson and Roberto Tallarita
Harvard Law School, New York University School of Law, University of Houston Law Center and Harvard Law School
Downloads 724 (59,541)
Citation 1

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political spending, SEC, disclosure, transparency

102.

Optimal Defaults for Corporate Law Evolution

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Citation 6

Optimal Defaults for Corporate Law Evolution

Northwestern University Law Review, Vol. 96, No. 2, pp. 489-520, 2002, Harvard Law and Economics Discussion Paper No. 343, November 2001
Number of pages: 40 Posted: 10 Dec 2001 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 573 (79,224)
Citation 1

Abstract:

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Shareholders, managers, directors, default rules, interpretation, takeovers, antitakeover statutes, poison pill, and staggered boards

Optimal Defaults for Corporate Law Evolution

NBER Working Paper No. w8703
Number of pages: 45 Posted: 10 Jan 2002 Last Revised: 14 Oct 2022
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 90 (470,131)
Citation 2

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Optimal Defaults for Corporate Law Evolution

Number of pages: 47 Posted: 29 Jan 2002
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 21 (867,610)
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Shareholders, managers, directors, default rules, interpretation, takeovers, anti-takeover statutes, poison pill, staggered boards

103.

An Economic Analysis of Transnational Bankruptcies

Downloads 635 (70,532)
Citation 2

An Economic Analysis of Transnational Bankruptcies

Journal of Law and Economics, Vol. 42, pp. 775-808, 1999, Harvard Law and Economics Discussion Paper No. 180, 1996
Number of pages: 31 Posted: 11 Jul 2000 Last Revised: 05 May 2009
Lucian A. Bebchuk and Andrew T. Guzman
Harvard Law School and USC Gould School of Law
Downloads 541 (85,180)

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An Economic Analysis of Transnational Bankruptcies

NBER Working Paper No. w6521
Number of pages: 36 Posted: 12 Jul 2000 Last Revised: 29 Oct 2022
Lucian A. Bebchuk and Andrew T. Guzman
Harvard Law School and USC Gould School of Law
Downloads 94 (456,940)

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104.

The Trouble with Staggered Boards: A Reply to Georgeson's John Wilcox

Corporate Governance Advisor, Vol. 11, pp. 17-19, 2003, Harvard Law and Economics Discussion Paper No. 410, February 2003
Number of pages: 10 Posted: 03 Mar 2003 Last Revised: 29 Apr 2009
Lucian A. Bebchuk, John C. Coates IV and Guhan Subramanian
Harvard Law School, Harvard Law School and Harvard Business School
Downloads 633 (70,823)

Abstract:

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Takeover, mergers and acquisitions, tender offers, takeover bids, defensive tactics, staggered boards, poison pills, premia, independent directors

105.

Supreme Court Amicus Brief of 19 Corporate Law Professors, Friedrichs v. California Teachers Association, No. 14-915

Number of pages: 55 Posted: 08 Nov 2015
John C. Coates IV, Lucian A. Bebchuk, Bernard S. Black, John C. Coffee, James D. Cox, Ronald J. Gilson, Jeffrey N. Gordon, Lawrence A. Hamermesh, Henry Hansmann, Robert J. Jackson Jr., Marcel Kahan, Vikramaditya S. Khanna, Michael Klausner, Reinier Kraakman, Donald C. Langevoort, Brian JM Quinn, Edward B. Rock, Mark J. Roe and Helen S. Scott
Harvard Law School, Harvard Law School, Northwestern University - Pritzker School of Law, Columbia Law School, Duke University School of Law, Stanford Law School, Columbia Law School, Widener University Delaware Law School, Yale University - Law School, New York University School of Law, New York University School of Law, University of Michigan Law School, Stanford Law School, Harvard Law School, Georgetown University Law Center, BC Law School, New York University School of Law, Harvard Law School and New York University (NYU)
Downloads 626 (71,779)

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corporate politics, union politics, First Amendment, shareholder rights, corporate speech

106.

Federal Intervention to Enhance Shareholder Choice

Downloads 605 (74,917)
Citation 1

Federal Intervention to Enhance Shareholder Choice

Virginia Law Review, Vol. 87, pp. 993-1006, 2001, Harvard Law and Economics Discussion Paper No. 332
Number of pages: 21 Posted: 26 Sep 2001 Last Revised: 18 May 2009
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 452 (106,056)

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Federal Intervention to Enhance Shareholder Choice

Virginia Law Review, Vol. 87, pp. 993-1006, 2001, Harvard Law and Economics Discussion Paper No. 332
Number of pages: 14 Posted: 20 Jun 2003 Last Revised: 18 May 2009
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 125 (372,106)

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Federal Intervention to Enhance Shareholder Choice

Number of pages: 22 Posted: 29 Oct 2001
Lucian A. Bebchuk and Allen Ferrell
Harvard Law School and Harvard Law School
Downloads 28 (804,909)
Citation 1
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Takeover law, regulatory competition, federal takeover, state takeover, shareholder

107.

The Overlooked Corporate Finance Problems of a Microsoft Breakup

Downloads 581 (78,840)

The Overlooked Corporate Finance Problems of a Microsoft Breakup

The Business Lawyer, Vol. 56, pp. 459-481, 2001, Harvard Law and Economics Discussion Paper No. 296, 2000
Number of pages: 27 Posted: 31 May 2001 Last Revised: 10 May 2009
Lucian A. Bebchuk and David I. Walker
Harvard Law School and Boston University School of Law
Downloads 518 (89,929)

Abstract:

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Valuation, Microsoft, breakup, spin-off

The Overlooked Corporate Finance Problems of a Microsoft Breakup

NBER Working Paper No. w8089
Number of pages: 36 Posted: 19 Jan 2001 Last Revised: 10 Aug 2022
Lucian A. Bebchuk and David I. Walker
Harvard Law School and Boston University School of Law
Downloads 63 (579,340)

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108.

The Misguided Attack on Common Ownership

Harvard Public Law Working Paper No. 19-10, Duke Law School Public Law & Legal Theory Series
Number of pages: 11 Posted: 11 Dec 2018 Last Revised: 01 Apr 2019
Lucian A. Bebchuk and Scott Hirst
Harvard Law School and Boston University - School of Law
Downloads 577 (79,485)
Citation 1

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institutional investors, common ownership, stewardship

109.

The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics

Downloads 566 (81,415)
Citation 17

The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics

Cornell Law Review, Vol. 82, pp.1279-1348, 1997, Harvard Law and Economics Discussion Paper No. 224
Number of pages: 79 Posted: 27 Jan 1998 Last Revised: 05 May 2009
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 474 (100,239)
Citation 20

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Secured debt, bankruptcy, reorganization, chapter 11, priority, creditors, debtors, security interests, collateral, unsecured debt, lenders, borrowers

The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics

NBER Working Paper No. w6472
Number of pages: 70 Posted: 11 Jun 2000 Last Revised: 10 Mar 2022
Lucian A. Bebchuk and Jesse M. Fried
Harvard Law School and Harvard Law School
Downloads 92 (463,515)

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110.

Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments

Harvard Law Review, Vol. 102, pp. 1820-1860, 1989, Harvard Law and Economics Discussion Paper No. 46
Number of pages: 45 Posted: 10 Jun 2003 Last Revised: 07 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 552 (84,059)
Citation 10

Abstract:

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corporate charters, freedom of contract, corporate governance, corporate law, corporate voting, midstream opportunism, collective action

111.

Negative-Expected-Value Suits

Downloads 542 (85,963)
Citation 2

Negative-Expected-Value Suits

PROCEDURAL LAW AND ECONOMICS, Chris Sanchirico, ed., 2011, Harvard Law School John M. Olin Center Discussion Paper No. 656
Number of pages: 12 Posted: 12 Jan 2010 Last Revised: 11 Jun 2014
Lucian A. Bebchuk and Alon Klement
Harvard Law School and Buchman Faculty of Law, Tel Aviv University
Downloads 463 (103,072)
Citation 1

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Litigation, settlement, frivolous suits, negative expected value suits, positive expected value suit, divisibility, credibility, fee-shifting, contingent fees, retainer

Negative Expected Value Suits

NBER Working Paper No. w6474
Number of pages: 10 Posted: 21 Jul 2000 Last Revised: 11 Sep 2022
Lucian A. Bebchuk
Harvard Law School
Downloads 79 (509,713)

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112.

Vigorous Race or Leisurely Walk: Reconsidering the Competition Over Corporate Charters

Yale Law Journal, Vol. 112, pp. 553-615, 2002, Harvard Law and Economics Discussion Paper No. 376, July 2002
Number of pages: 69 Posted: 24 Aug 2002 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 532 (87,951)
Citation 21

Abstract:

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Delaware, Incorporation, Corporate Charters, Corporate Governance, Regulatory Competition, Managers, Shareholders, Takeovers, Barriers to entry, Network Externalities, Federalism

113.

Unfreezing Credit Markets

Harvard Law and Economics Discussion Paper No. 622
Number of pages: 18 Posted: 13 Dec 2008 Last Revised: 07 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 515 (91,543)
Citation 2

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Credit freeze, credit crunch, credit thaw, financial crisis, self-fulfilling crisis, banks, financial institutions, run on the bank, coordination failure

114.

Recent Board Declassifications: A Response to Cremers and Sepe

Number of pages: 10 Posted: 18 May 2017 Last Revised: 22 May 2017
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 512 (92,205)
Citation 4

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115.

A Framework for Analyzing Legal Policy Towards Proxy Contests

California Law Review, Vol. 78, 1071-1136, 1990, Harvard Law and Economics Discussion Paper No. 77, 1990
Number of pages: 72 Posted: 10 Jun 2003 Last Revised: 05 May 2009
Lucian A. Bebchuk and Marcel Kahan
Harvard Law School and New York University School of Law
Downloads 505 (93,826)
Citation 5

Abstract:

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corporate governance, proxy contests, proxy fights, corporate voting, corporate elections, boards, shareholders, institutional investors, shareholder activism

116.

Consent and Exchange

Downloads 497 (95,565)
Citation 2

Consent and Exchange

Journal of Legal Studies, Vol. 39, pp. 375-397, 2010., Harvard Law and Economics Discussion Paper No. 590, NYU Law and Economics Research Paper No. 07-21
Number of pages: 25 Posted: 08 Jul 2007 Last Revised: 09 Mar 2011
Oren Bar-Gill and Lucian A. Bebchuk
Harvard Law School and Harvard Law School
Downloads 421 (115,211)

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ownership, exchange, restitution, property rights, bargaining

Consent and Exchange

NBER Working Paper No. w13267
Number of pages: 24 Posted: 23 Jul 2007 Last Revised: 03 Apr 2022
Oren Bar-Gill and Lucian A. Bebchuk
Harvard Law School and Harvard Law School
Downloads 76 (521,660)

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117.

Ex Ante Investments and Ex Post Externalities

Harvard Law and Economics Discussion Paper No. 397
Number of pages: 49 Posted: 16 Jan 2002 Last Revised: 05 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 489 (97,521)

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externalities, property rights, liability rules, ex ante investments, regulation

118.

Reconsidering Contractual Liability and the Incentive to Reveal Information

Downloads 477 (100,517)

Reconsidering Contractual Liability and the Incentive to Reveal Information

Stanford Law Review, Vol. 51, pp.1615-1627, 1999, Harvard Law and Economics Discussion Paper No. 255, 1999
Number of pages: 19 Posted: 19 Sep 1999 Last Revised: 05 May 2009
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 421 (115,211)

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Reconsidering Contractual Liability and the Incentive to Reveal Information

NBER Working Paper No. w7106
Number of pages: 11 Posted: 13 Jul 2000 Last Revised: 04 Dec 2022
Lucian A. Bebchuk and Steven Shavell
Harvard Law School and Harvard Law School
Downloads 56 (614,686)

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119.

Designing a Shareholder Access Rule

Corporate Governance Advisor, Vol. 12, pp. 28-32, 2004, Harvard Law and Economics Discussion Paper No. 461
Number of pages: 12 Posted: 04 Mar 2004 Last Revised: 05 May 2009
Lucian A. Bebchuk
Harvard Law School
Downloads 467 (103,012)
Citation 3

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corporate governance, directors, shareholders, shareholder voting, corporate ballot, corporate elections, proxy fights, proxy contests, proxy rules, SEC.

120.

Towards the Declassification of S&P 500 Boards

Harvard Business Law Review, Vol. 3, No. 1, pp.157-184 (2013).
Number of pages: 28 Posted: 28 Feb 2014 Last Revised: 24 May 2016
Lucian A. Bebchuk, Scott Hirst and June Rhee
Harvard Law School, Boston University - School of Law and Yale University - Yale Program on Financial Stability
Downloads 439 (110,807)
Citation 6

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Staggered boards, classified boards, shareholder proposals, shareholder voting, shareholder activism, public pension funds, corporate governance

121.

Placing Election Bylaws on the Corporate Ballot

Harvard PON Working Paper No. 915403
Number of pages: 11 Posted: 10 Jul 2006 Last Revised: 07 May 2009
Lucian A. Bebchuk, Allen Ferrell, Reinier Kraakman, Mark J. Roe and Guhan Subramanian
Harvard Law School, Harvard Law School, Harvard Law School, Harvard Law School and Harvard Business School
Downloads 409 (120,325)
Citation 4

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Corporate elections, shareholder voting, proxy contests, access to the ballot, by-laws, by-law amendments, proxy fights, proxy contests, corporate governance, agency costs

122.

The Perils of Dell's Low-Voting Stock

Number of pages: 16 Posted: 16 Nov 2018 Last Revised: 03 Apr 2019
Lucian A. Bebchuk and Kobi Kastiel
Harvard Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 400 (123,450)
Citation 1

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corporate governance, agency problems, multiclass, dual-class, controlling shareholder, controlling minority shareholder, small-minority controller, perpetual control, sunset, wedge, nonvoting stock, IPO

123.

Bargaining and the Division of Value in Corporate Reorganization

Downloads 363 (137,732)
Citation 14