David I. Walker

Boston University School of Law

765 Commonwealth Avenue

Boston, MA 02215

United States

  • Boston University School of Law

SCHOLARLY PAPERS

32

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19,111

SSRN CITATIONS
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Top 2,324

in Total Papers Citations

215

CROSSREF CITATIONS

483

Scholarly Papers (32)

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1.

Managerial Power and Rent Extraction in the Design of Executive Compensation

Downloads 6,049 ( 2,284)
Citation 206

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 5,820 (2,378)
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 192 (268,782)
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 (760,839)
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

2.

Financial Accounting and Corporate Behavior

Boston Univ. School of Law Working Paper No. 06-05
Number of pages: 60 Posted: 29 Mar 2006
David I. Walker
Boston University School of Law
Downloads 2,865 (7,966)
Citation 6

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financial accounting, tax accounting, tax sheltering, artificial earnings inflation, tax income, book income, corporate behavior, positive accounting theory, agency theory

3.

Some Observations on the Stock Option Backdating Scandal of 2006

Boston Univ. School of Law Working Paper No. 06-31
Number of pages: 36 Posted: 13 Sep 2006
David I. Walker
Boston University School of Law
Downloads 1,339 (26,051)
Citation 12

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stock options, backdating, option valuation, Black-Scholes

4.

Rethinking Rights of First Refusal

Downloads 827 (51,678)

Rethinking Rights of First Refusal

Harvard Law School, Discussion Paper No. 261
Number of pages: 81 Posted: 05 Jan 2000
David I. Walker
Boston University School of Law
Downloads 827 (50,953)
Citation 5

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Rethinking Rights of First Refusal

Posted: 15 Feb 2001
David I. Walker
Boston University School of Law

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5.

The Law and Economics of Executive Compensation: Theory and Evidence

RESEARCH HANDBOOK ON THE ECONOMICS OF CORPORATE LAW, Claire Hill & Brett McDonnell, eds., Elgar Publishers, Forthcoming , Boston Univ. School of Law Working Paper No. 10-32
Number of pages: 24 Posted: 09 Oct 2010
David I. Walker
Boston University School of Law
Downloads 687 (66,085)

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executive compensation, stock options

6.

The Overlooked Corporate Finance Problems of a Microsoft Breakup

Downloads 587 (80,516)

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 521 (92,523)

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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 66 (584,862)

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7.

The Challenge of Improving the Long-Term Focus of Executive Pay

Boston Univ. School of Law Working Paper No. 09-22
Number of pages: 32 Posted: 29 Apr 2009 Last Revised: 27 Oct 2009
David I. Walker
Boston University School of Law
Downloads 576 (82,451)
Citation 7

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executive compensation, short-termism, stock options, restricted stock

8.

Executive Pay Clawbacks and Their Taxation

Boston Univ. School of Law, Law and Economics Research Paper No. 21-01 , Florida Tax Review Vol. 24 (2021), Boston Univ. School of Law, Public Law Research Paper
Number of pages: 51 Posted: 26 Jan 2021 Last Revised: 09 Jun 2021
David I. Walker
Boston University School of Law
Downloads 533 (90,912)

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clawback, executive compensation, claim of right

9.

Evolving Executive Equity Compensation and the Limits of Optimal Contracting

Boston University School of Law Working Paper No. 09-34, NYU Law and Economics Research Paper No. 09-46
Number of pages: 50 Posted: 05 Aug 2009 Last Revised: 10 Oct 2010
David I. Walker
Boston University School of Law
Downloads 500 (98,237)
Citation 2

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executive compensation, stock options, restricted stock, optimal contracting, managerial power

10.

Book/Tax Conformity and Equity Compensation

Boston Univ. School of Law Working Paper No. 08-23
Number of pages: 50 Posted: 02 Jul 2008
David I. Walker and Victor Fleischer
Boston University School of Law and UC-Irvine School of Law
Downloads 461 (108,374)

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book/tax conformity, equity compensation

11.

The Way We Pay Now: Understanding and Evaluating Performance-Based Executive Pay

Boston Univ. School of Law, Law and Economics Research Paper No. 15-34
Number of pages: 54 Posted: 27 Aug 2015 Last Revised: 02 Oct 2015
David I. Walker
Boston University School of Law
Downloads 420 (120,840)

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executive compensation, equity compensation, performance shares, stock options, relative performance evaluation

12.

Unpacking Backdating: Economic Analysis and Observations on the Stock Option Scandal

Boston University Law Review, Vol. 87, p. 561, 2007, Boston Univ. School of Law Working Paper No. 07-17
Number of pages: 64 Posted: 13 Aug 2007
David I. Walker
Boston University School of Law
Downloads 359 (144,247)
Citation 1

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stock options, backdating, option

13.

Executive Compensation in America: Optimal Contracting or Extraction of Rents?

Downloads 350 (148,292)
Citation 10

Executive Compensation in America: Optimal Contracting or Extraction of Rents?

NBER Working Paper No. w8661
Number of pages: 113 Posted: 14 Dec 2001 Last Revised: 02 Sep 2022
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 300 (173,567)

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Executive Compensation in America: Optimal Contracting or Extraction of Rents?

Number of pages: 115 Posted: 17 Jan 2002
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 50 (671,567)
Citation 1
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Executive compensation, stock options, corporate governance, private benefits of control, agency costs, rent extraction

14.

Sunshine, Stakeholders, and Executive Pay: A Regression-Discontinuity Approach

Boston College Law School Legal Studies Research Paper No. 316, Boston Univ. School of Law, Public Law Research Paper No. 14-09
Number of pages: 44 Posted: 04 Dec 2013 Last Revised: 26 Nov 2014
Brian D. Galle and David I. Walker
Georgetown University Law Center and Boston University School of Law
Downloads 348 (149,186)

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nonprofits, charity, executive compensation, agency costs, higher education, transparency, disclosure

15.

The Practice and Tax Consequences of Nonqualified Deferred Compensation

Boston Univ. School of Law, Law and Economics Research Paper No. 16-27
Number of pages: 55 Posted: 03 Aug 2016 Last Revised: 22 Apr 2017
David I. Walker
Boston University School of Law
Downloads 345 (150,588)
Citation 1

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Nonqualified Deferred Compensation, Executive Compensation, Corporate Owned Life Insurance

16.

The Economic (In) Significance of Executive Pay ESG Incentives

Boston Univ. School of Law Research Paper No. 2-2022
Number of pages: 37 Posted: 15 Feb 2022
David I. Walker
Boston University School of Law
Downloads 332 (156,866)

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ESG, executive compensation, executive incentives

17.

Nonprofit Executive Pay as an Agency Problem: Evidence from U.S. Colleges and Universities

94 Boston University Law Review 1881 (2014), Boston Univ. School of Law, Law and Economics Research Paper No. 14-72, Boston College Law School Legal Studies Research Paper No. 279
Number of pages: 55 Posted: 11 Dec 2012 Last Revised: 31 Mar 2015
Brian D. Galle and David I. Walker
Georgetown University Law Center and Boston University School of Law
Downloads 302 (174,029)
Citation 1

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executive compensation, managerial power, agency costs, universities, higher education, 501(c)(3), nonprofits, private inurement, warm glow compensation

18.

Is Equity Compensation Tax Advantaged?

Number of pages: 59 Posted: 13 Feb 2004
David I. Walker
Boston University School of Law
Downloads 300 (174,627)
Citation 2

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stock options, equity compensation, global tax advantage, delta hedging

19.

A Tax Response to the Executive Pay Problem

Downloads 283 (185,574)

A Tax Response to the Executive Pay Problem

Boston Univ. School of Law, Law and Economics Research Paper No. 11-50
Number of pages: 62 Posted: 14 Oct 2011 Last Revised: 17 Jan 2012
David I. Walker
Boston University School of Law
Downloads 143 (346,382)

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executive compensation, surtgax, tax incidence, managerial power

A Tax Response to the Executive Pay Problem

Number of pages: 61 Posted: 05 Jan 2012 Last Revised: 07 Jan 2012
David I. Walker
Boston University School of Law
Downloads 140 (352,252)

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20.

Common Ownership and Executive Incentives: The Implausibility of Compensation As an Anticompetitive Mechanism

Boston Univ. School of Law, Law and Economics Research Paper No. 19-3
Number of pages: 40 Posted: 01 Mar 2019
David I. Walker
Boston University School of Law
Downloads 241 (217,731)
Citation 5

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common ownership, executive compensation, relative performance evaluation, competition

21.

The Non-Option: Understanding the Dearth of Discounted Employee Stock Options

CLEA 2008 Meetings Paper, Boston Univ. School of Law Working Paper No. 08-30, Boston University Law Review, 2009
Number of pages: 59 Posted: 28 Jun 2008 Last Revised: 29 Jun 2009
David I. Walker
Boston University School of Law
Downloads 217 (240,732)
Citation 2

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Employee stock options, In-the-money, options, Discounted options, NQSO, ISO, Restricted stock

22.

The Manager's Share

Number of pages: 56 Posted: 24 Feb 2005
David I. Walker
Boston University School of Law
Downloads 185 (278,078)

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executive compensation, managerial slack, optimal contracting, managerial power

23.

Market Symmetry and the Tax Efficiency of Equity Compensation

Number of pages: 26 Posted: 14 Jun 2004
David I. Walker
Boston University School of Law
Downloads 152 (329,122)

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stock options, restricted stock, equity compensation, global tax advantage

24.

Tax Complexity and Technology

Boston Univ. School of Law, Law and Economics Research Paper No. 20-28
Number of pages: 51 Posted: 04 Sep 2020
David I. Walker
Boston University School of Law
Downloads 144 (343,797)

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complexity, opacity, tax planning, excess burden, deadweight loss, black box

25.

Donor-Advised Funds in the Wake of the Tax Cuts and Jobs Act

Boston Univ. School of Law Research Paper No. 22-27
Number of pages: 27 Posted: 26 Sep 2022 Last Revised: 20 Oct 2022
David I. Walker
Boston University School of Law
Downloads 141 (349,592)

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donor-advised fund, charitable giving, tax incentives

26.

Suitable for Framing: Business Deductions in a Net Income Tax System

William & Mary Law Review, Forthcoming, Boston Univ. School of Law Working Paper No. 10-22
Number of pages: 64 Posted: 09 Aug 2010
David I. Walker
Boston University School of Law
Downloads 127 (378,678)

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tax penalty, tax subsidy, framing effects, fiscal illusion

27.

Reconsidering Realization-Based Accounting for Equity Compensation

Boston Univ. School of Law, Law and Economics Research Paper No. 16-03
Number of pages: 50 Posted: 16 Jan 2016 Last Revised: 29 Aug 2016
David I. Walker
Boston University School of Law
Downloads 123 (387,987)

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28.

The Social Insurance Crisis and the Problem of Collective Saving: A Commentary on Shaviro's 'Reckless Disregard'

Number of pages: 17 Posted: 20 Jun 2005
David I. Walker
Boston University School of Law
Downloads 97 (459,496)

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Social Security, Medicare, fiscal gap, tax cuts, size of government

29.

Employer Losses and Deferred Compensation

Boston Univ. School of Law, Law and Economics Research Paper No. 19-13
Number of pages: 42 Posted: 01 Aug 2019
David I. Walker
Boston University School of Law
Downloads 86 (495,848)

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nonqualified deferred compensation, executive compensation, equity compensation, net operating losses, NOLs

30.

The SEC's Compensation Clawback Loophole

Boston Univ. School of Law Research Paper No. 22-42
Number of pages: 18 Posted: 08 Dec 2022 Last Revised: 11 Jan 2023
David I. Walker
Boston University School of Law
Downloads 76 (533,617)

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31.

The Impact of Public Disclosure on Equity Dispositions by Corporate Managers

112 Columbia Law Review Sidebar 101, 2012, Forthcoming, Boston Univ. School of Law, Law and Economics Research Paper No. 12-36
Number of pages: 16 Posted: 11 Jul 2012
David I. Walker
Boston University School of Law
Downloads 59 (609,463)

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equity compensation, public disclosure, section 16(a)

32.

Stock Options for Tax-Exempt Organization Managers?

Posted: 19 Sep 2003
David I. Walker
Boston University School of Law

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