Kobi Kastiel

Tel Aviv University - Buchmann Faculty of Law

Professor of Law

Ramat Aviv

Tel Aviv, 69978

Israel

http://https://en-law.tau.ac.il/profile/kastiel

Harvard Law School, Program on Corporate Governance

Senior Research Fellow

1575 Massachusetts

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Tel Aviv University - Buchmann Faculty of Law

  • Harvard Law School, Program on Corporate Governance

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

31

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29,653

SSRN CITATIONS
Rank 16,406

SSRN RANKINGS

Top 16,406

in Total Papers Citations

56

CROSSREF CITATIONS

24

Scholarly Papers (31)

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1.

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 4,281 (4,129)
Citation 26

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

2.

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 2,930 (7,731)
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

3.

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 2,446 (10,219)
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

4.

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
Downloads 2,429 (10,341)

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stakeholders, stakeholder capitalism, stakeholder governance, corporate social responsibility, corporate purpose, Twitter, Elon Musk

5.

The Rise of Bankruptcy Directors

European Corporate Governance Institute - Law Working Paper No. 593/2021, UC Hastings Research Paper Forthcoming, Southern California Law Review, Vol. 95, No. 5, 2022
Number of pages: 58 Posted: 16 Jun 2021 Last Revised: 04 Feb 2022
Jared A. Ellias, Ehud Kamar and Kobi Kastiel
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 2,420 (10,398)
Citation 1

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Boards of Directors; Chapter 11; Bankruptcy; Corporate Governance; Conflicts of Interest; Board Governance

6.

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 2,146 (12,639)

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

7.

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 1,776 (17,051)
Citation 7

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

8.

The Corporate Governance Gap

131 Yale L. J. 782 (2022), Univ. of Wisconsin Legal Studies Research Paper No. 1694
Number of pages: 79 Posted: 13 Apr 2021 Last Revised: 01 Feb 2022
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 1,182 (31,402)
Citation 1

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Corporate Governance, Corporate Law, Small-Cap Companies, Shareholder Voting, Shareholder Activism, Hedge Funds, Shareholder Proposals, Securities Regulation, Board Diversity, Directors, Governance Gap, Private Ordering

9.

The Giant Shadow of Corporate Gadflies

94 Southern California Law Review 569 (2021), Univ. of Wisconsin Legal Studies Research Paper No. 1523
Number of pages: 68 Posted: 17 Jan 2020 Last Revised: 28 Sep 2021
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 1,073 (36,038)
Citation 2

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Corporate Law, Shareholder Proposals, Gadflies, Securities Regulation, Corporate Governance, Shareholder Activism

10.

How Much Do Investors Care About Social Responsibility?

Boston Univ. School of Law Research Paper No. 4115854
Number of pages: 75 Posted: 02 Jun 2022 Last Revised: 25 Jan 2023
Scott Hirst, Kobi Kastiel and Tamar Kricheli‐Katz
Boston University - School of Law, Tel Aviv University - Buchmann Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 970 (41,639)
Citation 1

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social responsibility, stakeholders, corporate purpose, socially responsible investing

11.

'Captured Boards': The Rise of 'Super Directors' and the Case for a Board Suite

Wisconsin Law Review, 19 (2017) , Univ. of Wisconsin Legal Studies Research Paper No. 1392
Number of pages: 51 Posted: 16 Sep 2016 Last Revised: 07 Sep 2022
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 946 (43,104)
Citation 4

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hedge funds, shareholder activism, corporate governance, corporate law, board of directors, super directors

12.

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 834 (51,269)
Citation 4

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

13.

In Search of the 'Absent' Shareholders: A New Solution to Retail Investors' Apathy

Delaware Journal of Corporate Law (DJCL), Vol. 41, No. 1, 2016, Univ. of Wisconsin Legal Studies Research Paper No. 1397
Number of pages: 51 Posted: 18 Nov 2016 Last Revised: 29 Mar 2017
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 611 (76,896)
Citation 1

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Rational Apathy, Shareholder Activism, Shareholder voting, Corporate Governance, Behavioral Law and Economics, Nudge

14.

Against All Odds: Hedge Fund Activism in Controlled Companies

Columbia Business Law Review, Forthcoming
Number of pages: 72 Posted: 10 Jul 2015 Last Revised: 18 Apr 2016
Kobi Kastiel
Tel Aviv University - Buchmann Faculty of Law
Downloads 570 (83,836)
Citation 5

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Corporate governance, controlled companies, shareholder activism, corporate law, minority director, dual-class

15.

Executive Compensation in Controlled Companies

Indiana Law Journal, Vol. 90, No. 3, 2015, Harvard John M. Olin Center for Law, Economics, and Business Fellows' Discussion Paper No. 56
Number of pages: 46 Posted: 22 Jul 2014 Last Revised: 30 Jun 2015
Kobi Kastiel
Tel Aviv University - Buchmann Faculty of Law
Downloads 522 (93,603)
Citation 1

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Corporate governance, executive pay, controlling shareholder, say-on-pay, ISS

16.

Lucian Bebchuk and the Study of Corporate Governance

Forthcoming, University of Chicago Law Review, Vol. 88, No. 7, 2021
Number of pages: 26 Posted: 13 Oct 2021
Kobi Kastiel
Tel Aviv University - Buchmann Faculty of Law
Downloads 480 (103,647)

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Corporate governance, managers, shareholders, directors, boards, controlling shareholders, shareholder rights, management accountability, entrenchment, executive compensation, state competition, contractual freedom, corporate charters, mergers and acquisitions, takeovers, shareholder activism, short

17.

Superstar CEOs and Corporate Law

Washington University Law Review, 2023, European Corporate Governance Institute - Law Working Paper No. 695/2023
Number of pages: 63
Assaf Hamdani and Kobi Kastiel
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Tel Aviv University - Buchmann Faculty of Law
Downloads 434

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Corporate governance, corporate law, superstar CEOs, agency costs, institutional investors, accountability, mergers & acquisitions, executive compensation, related-party transactions, judicial review

18.

בעלות מבוזרת, שליטה, ושיתופי פעולה בין גופים מוסדיים Diffused Ownership, Control and Director Appointments by Institutional Investors

Number of pages: 44 Posted: 09 Jul 2020 Last Revised: 18 Feb 2021
Assaf Hamdani and Kobi Kastiel
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Tel Aviv University - Buchmann Faculty of Law
Downloads 418 (121,986)

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Corporations, Institutional investors, Directors, Corporate Governance, Control, Activism

19.

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 407 (125,747)
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

20.

Corporate Governance by Index Exclusion

Boston University Law Review, Vol. 99, 2019, 1229-1278, Boston Univ. School of Law, Law and Economics Research Paper No. 19-12
Number of pages: 51 Posted: 12 Jun 2019 Last Revised: 10 Sep 2019
Scott Hirst and Kobi Kastiel
Boston University - School of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 377 (137,134)
Citation 1

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Corporate Governance, Index Funds, Index Providers, Dual-Class Shares, Institutional Investors

21.

For Whom Corporate Leaders Bargain: Presentation Slides

Number of pages: 21 Posted: 05 Aug 2021
Lucian A. Bebchuk, Kobi Kastiel and Roberto Tallarita
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 351 (148,310)
Citation 2

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corporate purpose, stakeholders, stakeholder governance, stakeholder capitalism, constituency statutes, corporate social responsibility, entrenchment, managerialism, private equity, mergers & acquisitions

22.

The Rise of Private Equity Continuation Funds

172 University of Pennsylvania Law Review, Forthcoming, European Corporate Governance Institute - Law Working Paper No. 733/2023, Univ. of Wisconsin Legal Studies Research Paper No. 1787
Number of pages: 65 Posted: 28 Sep 2023 Last Revised: 28 Nov 2023
Kobi Kastiel and Yaron Nili
Tel Aviv University - Buchmann Faculty of Law and University of Wisconsin Law School
Downloads 344 (201,116)

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Private Equity, Continuation Funds, Corporate Governance, Corporate Law, Securities Law, Reputation, Related Party Transactions, SEC

23.

התביעה הנגזרת בישראל: סיכום ביניים ומבט לעתידDerivative Lawsuits in Israel

Number of pages: 97 Posted: 29 Jan 2021 Last Revised: 11 Apr 2023
Assaf Hamdani, Kobi Kastiel and Maayan Weisman
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Tel Aviv University - Buchmann Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 314 (167,125)

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תביעה נגזרת, חובות זהירות, חובות אמון, אחריות דירקטורים

24.

Competing for Votes

10 Harvard Business Law Review 287 (2020), Univ. of Wisconsin Legal Studies Research Paper No. 1605
Number of pages: 51 Posted: 27 Aug 2020
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 256 (206,029)

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Corporate Law, Board of Directors, Proxy Advisors, Agency Cost, Public Corporations, Shareholders, Voting, Business Investors

25.

חישוב פיצויי ציפייה במיזמים עתירי סיכון
Calculating Expectation Damages in Risk-Intensive Ventures

משפטים - Mishpatim, Forthcoming
Number of pages: 30 Posted: 17 May 2018
Yotam Kaplan and Kobi Kastiel
Bar-Ilan University - Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 243 (216,775)

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contract law, expectation damages, risk, remedies, courts, litigation

26.

How Twitter Pushed Stakeholders Under the Bus: Presentation Slides

Number of pages: 28 Posted: 31 Mar 2023 Last Revised: 05 Apr 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
Downloads 226 (232,511)

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stakeholders, stakeholder capitalism, stakeholder governance, corporate social responsibility, corporate purpose, Twitter, Elon Musk

27.

Global Antitakeover Devices

Yale Journal on Regulation, Forthcoming
Number of pages: 48 Posted: 18 Aug 2018 Last Revised: 09 Jan 2019
Kobi Kastiel and Adi Libson
Tel Aviv University - Buchmann Faculty of Law and Bar-Ilan University - Faculty of Law
Downloads 214 (244,810)

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corporations, cross listing, dual-listing, corporate inversions, antitakeover devices, corporate governance, agency costs, globalization

28.

The 'Hidden' Tax Cost of Executive Compensation

70 Stanford Law Review Online 179 (2018)
Number of pages: 13 Posted: 25 May 2018 Last Revised: 01 Jul 2018
Kobi Kastiel and Noam Noked
Tel Aviv University - Buchmann Faculty of Law and The Chinese University of Hong Kong (CUHK) - Faculty of Law
Downloads 159 (318,155)
Citation 1

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162(m), executive compensation, tax reform, deduction, proxy statement

29.

מינוי דירקטורים: תיאוריה, ראיות, מדיניות Nomination of Directors in Israel: Theory, Evidence, Policy

Hebrew University Law Review (forthcoming, 2022)
Number of pages: 58 Posted: 19 Apr 2021 Last Revised: 18 Mar 2022
Asaf Eckstein and Kobi Kastiel
Hebrew University of Jerusalem - Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 114 (411,799)

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Director Elections; Institutional Investors; Proxy Advisory Firms

30.

Stakeholder Capitalism in the Time of COVID: Appendix

Harvard Law School John M. Olin Center Discussion Paper No. 1089
Harvard Law School Program on Corporate Governance Working Paper 2022-9
Number of pages: 93 Posted: 13 Dec 2022 Last Revised: 06 Feb 2023
Lucian A. Bebchuk, Kobi Kastiel and Roberto Tallarita
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 93 (474,254)

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stakeholders, stakeholder capitalism, corporate social responsibility, corpo-rate purpose, COVID-19, employees, managerialism, mergers

31.

Long Term Bias, Incentives, and Agency Costs

Columbia Business Law Review, Vol. 2020, No. 3, 2020
Number of pages: 36 Posted: 12 Apr 2021
Kobi Kastiel
Tel Aviv University - Buchmann Faculty of Law
Downloads 87 (494,371)

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Short-termism; Long-termism; Managerial overconfidence; Activists hedge funds; Behavioral finance; Dual-class; Agency costs; incentives