David I. Walker

Boston University School of Law

765 Commonwealth Avenue

Boston, MA 02215

United States

  • Boston University School of Law

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 2,829

SSRN RANKINGS

Top 2,829

in Total Papers Downloads

18,063

SSRN CITATIONS
Rank 2,149

SSRN RANKINGS

Top 2,149

in Total Papers Citations

83

CROSSREF CITATIONS

513

Scholarly Papers (30)

Actions:
Email selected abstracts
1.

Managerial Power and Rent Extraction in the Design of Executive Compensation

Downloads 5,941 ( 1,834)
Citation 175

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 5,738 (1,906)
Citation 2

Abstract:

Loading...

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 Apr 2022
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 166 (248,893)
Citation 2

Abstract:

Loading...

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 (602,117)
Citation 17
  • Add to Cart

Abstract:

Loading...

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 2,840 (6,463)
Citation 6

Abstract:

Loading...

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 1,324 (21,378)
Citation 12

Abstract:

Loading...

stock options, backdating, option valuation, Black-Scholes

4.

Rethinking Rights of First Refusal

Downloads 800 ( 43,869)

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 800 (43,263)
Citation 5

Abstract:

Loading...

Rethinking Rights of First Refusal

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

Abstract:

Loading...

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 671 (55,383)

Abstract:

Loading...

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 557 (70,169)
Citation 7

Abstract:

Loading...

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

7.

The Overlooked Corporate Finance Problems of a Microsoft Breakup

Downloads 556 ( 70,334)

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 508 (77,857)

Abstract:

Loading...

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 48 (543,594)

Abstract:

Loading...

8.

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 471 (86,160)
Citation 2

Abstract:

Loading...

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 445 (92,135)

Abstract:

Loading...

book/tax conformity, equity compensation

10.

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 361 (117,075)

Abstract:

Loading...

clawback, executive compensation, claim of right

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 354 (119,628)

Abstract:

Loading...

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 352 (120,408)
Citation 1

Abstract:

Loading...

stock options, backdating, option

13.

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 334 (127,486)
Citation 1

Abstract:

Loading...

Nonqualified Deferred Compensation, Executive Compensation, Corporate Owned Life Insurance

14.

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

Downloads 329 (129,525)
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: 03 Mar 2022
Lucian A. Bebchuk, Jesse M. Fried and David I. Walker
Harvard Law School, Harvard Law School and Boston University School of Law
Downloads 279 (152,944)

Abstract:

Loading...

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 (534,115)
Citation 1
  • Add to Cart

Abstract:

Loading...

Executive compensation, stock options, corporate governance, private benefits of control, agency costs, rent extraction

15.

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 321 (132,880)

Abstract:

Loading...

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

16.

Is Equity Compensation Tax Advantaged?

Number of pages: 59 Posted: 13 Feb 2004
David I. Walker
Boston University School of Law
Downloads 292 (146,724)
Citation 2

Abstract:

Loading...

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

17.

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 290 (147,820)

Abstract:

Loading...

ESG, executive compensation, executive incentives

18.

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 285 (150,414)
Citation 1

Abstract:

Loading...

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

19.

A Tax Response to the Executive Pay Problem

Downloads 252 (170,190)

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 128 (306,820)

Abstract:

Loading...

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 (314,183)

Abstract:

Loading...

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 220 (193,764)
Citation 2

Abstract:

Loading...

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 210 (202,314)
Citation 2

Abstract:

Loading...

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 177 (235,454)

Abstract:

Loading...

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 140 (285,323)

Abstract:

Loading...

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

24.

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 121 (318,415)

Abstract:

Loading...

tax penalty, tax subsidy, framing effects, fiscal illusion

25.

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 107 (346,709)

Abstract:

Loading...

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

26.

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 107 (346,709)

Abstract:

Loading...

27.

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 89 (390,091)

Abstract:

Loading...

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

28.

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 67 (457,691)

Abstract:

Loading...

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

29.

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 50 (524,775)

Abstract:

Loading...

equity compensation, public disclosure, section 16(a)

30.

Stock Options for Tax-Exempt Organization Managers?

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

Abstract:

Loading...