David I. Walker

Boston University School of Law

765 Commonwealth Avenue

Boston, MA 02215

United States

  • Boston University School of Law

SCHOLARLY PAPERS

27

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16,715

SSRN CITATIONS
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Top 2,094

in Total Papers Citations

50

CROSSREF CITATIONS

512

Scholarly Papers (27)

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1.

Managerial Power and Rent Extraction in the Design of Executive Compensation

Downloads 5,822 ( 1,299)
Citation 165

Managerial Power and Rent Extraction in the Design of Executive Compensation

University of Chicago Law Review, Vol. 69, pp. 751-846, 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 5,655 (1,338)
Citation 1

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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: 27 Oct 2009
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 134 (232,677)
Citation 1

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Managerial Power and Rent Extraction in the Design of Executive Compensation

CEPR Discussion Paper No. 3558
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 33 (501,335)
Citation 11
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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 2,816 (4,565)
Citation 5

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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 1,309 (15,903)
Citation 11

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stock options, backdating, option valuation, Black-Scholes

4.

Rethinking Rights of First Refusal

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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 716 (37,443)
Citation 5

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Rethinking Rights of First Refusal

Stanford Journal of Law, Business & Finance, Vol. 5, 1999
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
Number of pages: 24 Posted: 09 Oct 2010
David I. Walker
Boston University School of Law
Downloads 619 (46,199)

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executive compensation, stock options

6.

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 551 (53,582)
Citation 7

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

7.

The Overlooked Corporate Finance Problems of a Microsoft Breakup

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The Overlooked Corporate Finance Problems of a Microsoft Breakup

The Business Lawyer, Vol. 56, pp. 459-481, 2001
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 500 (59,949)

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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: 20 Oct 2010
Lucian A. Bebchuk and David I. Walker
Harvard Law School and Boston University School of Law
Downloads 41 (463,121)

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8.

Evolving Executive Equity Compensation and the Limits of Optimal Contracting

Boston University School of Law Working Paper No. 09-34
Number of pages: 50 Posted: 05 Aug 2009 Last Revised: 10 Oct 2010
David I. Walker
Boston University School of Law
Downloads 449 (69,223)
Citation 1

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

9.

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 426 (73,759)

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book/tax conformity, equity compensation

10.

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

Boston University Law Review, Vol. 87, p. 561, 2007
Number of pages: 64 Posted: 13 Aug 2007
David I. Walker
Boston University School of Law
Downloads 350 (92,718)
Citation 1

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stock options, backdating, option

11.

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 327 (99,988)
Citation 1

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Nonqualified Deferred Compensation, Executive Compensation, Corporate Owned Life Insurance

12.

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

Downloads 310 (105,990)
Citation 9

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: 25 Oct 2010
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 261 (126,734)

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

CEPR Discussion Paper No. 3112
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 49 (429,889)
Citation 1
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Executive compensation, stock options, corporate governance, private benefits of control, agency costs, rent extraction

13.

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 309 (106,366)
Citation 1

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

14.

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

Boston College Law School Legal Studies Research Paper No. 316
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 309 (106,366)

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

15.

Is Equity Compensation Tax Advantaged?

Boston U. School of Law Working Paper No. 04-01
Number of pages: 59 Posted: 13 Feb 2004
David I. Walker
Boston University School of Law
Downloads 286 (115,645)
Citation 2

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

16.

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

94 Boston University Law Review 1881 (2014)
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 276 (120,070)
Citation 2

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

17.

A Tax Response to the Executive Pay Problem

Downloads 250 (133,108)

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 126 (244,053)

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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 124 (246,990)

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18.

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

CLEA 2008 Meetings Paper
Number of pages: 59 Posted: 28 Jun 2008 Last Revised: 29 Jun 2009
David I. Walker
Boston University School of Law
Downloads 200 (164,818)
Citation 2

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

19.

The Manager's Share

Boston Univ. School of Law Working Paper No. 05-02
Number of pages: 56 Posted: 24 Feb 2005
David I. Walker
Boston University School of Law
Downloads 173 (187,776)

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executive compensation, managerial slack, optimal contracting, managerial power

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 148 (214,243)
Citation 1

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common ownership, executive compensation, relative performance evaluation, competition

21.

Market Symmetry and the Tax Efficiency of Equity Compensation

Boston Univ. School of Law Working Paper No. 04-05
Number of pages: 26 Posted: 14 Jun 2004
David I. Walker
Boston University School of Law
Downloads 138 (226,604)

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

22.

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

William & Mary Law Review, Forthcoming
Number of pages: 64 Posted: 09 Aug 2010
David I. Walker
Boston University School of Law
Downloads 113 (263,456)

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tax penalty, tax subsidy, framing effects, fiscal illusion

23.

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 105 (277,372)

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24.

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

Boston College Law Review, Vol. 45, pp. 1347-1361, 2004
Number of pages: 17 Posted: 20 Jun 2005
David I. Walker
Boston University School of Law
Downloads 89 (308,848)

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

25.

The Impact of Public Disclosure on Equity Dispositions by Corporate Managers

112 Columbia Law Review Sidebar 101, 2012, Forthcoming
Number of pages: 16 Posted: 11 Jul 2012
David I. Walker
Boston University School of Law
Downloads 49 (422,462)

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equity compensation, public disclosure, section 16(a)

26.

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 34 (484,458)

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

27.

Stock Options for Tax-Exempt Organization Managers?

Tax Notes, Vol. 100, No. 12, September 22, 2003
Posted: 19 Sep 2003
David I. Walker
Boston University School of Law

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