Kobi Kastiel

Tel Aviv University - Buchmann Faculty of Law

Associate 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

SCHOLARLY PAPERS

21

DOWNLOADS
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Top 4,423

in Total Papers Downloads

11,307

SSRN CITATIONS
Rank 21,719

SSRN RANKINGS

Top 21,719

in Total Papers Citations

20

CROSSREF CITATIONS

26

Scholarly Papers (21)

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 2,908 (5,099)
Citation 17

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

2.

For Whom Corporate Leaders Bargain

Forthcoming, Southern California Law Review, Volume 93, 2021
Number of pages: 76 Posted: 20 Aug 2020 Last Revised: 07 May 2021
Harvard Law School, Tel Aviv University - Buchmann Faculty of Law and Harvard Law School
Downloads 1,440 (15,884)
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.

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 1,404 (16,522)
Citation 7

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

4.

'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: 25 Jun 2017
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 794 (37,777)

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

5.

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 611 (53,643)
Citation 5

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

6.

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 478 (72,827)
Citation 1

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

7.

The Giant Shadow of Corporate Gadflies

94 Southern California Law Review, Forthcoming, Univ. of Wisconsin Legal Studies Research Paper No. 1523
Number of pages: 63 Posted: 17 Jan 2020 Last Revised: 01 Apr 2020
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 460 (76,326)
Citation 1

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

8.

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 449 (78,502)
Citation 1

Abstract:

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

9.

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 432 (82,226)
Citation 4

Abstract:

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

10.

The Rise of Bankruptcy Directors

Number of pages: 53 Posted: 16 Jun 2021
Jared A. Ellias, Ehud Kamar and Kobi Kastiel
UC Hastings Law, Tel Aviv University - Buchmann Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 371 (97,963)

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

11.

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 314 (117,968)
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

12.

The Corporate Governance Gap

131 Yale L. J. (Forthcoming), Univ. of Wisconsin Legal Studies Research Paper No. 1694
Number of pages: 64 Posted: 13 Apr 2021 Last Revised: 16 Apr 2021
Yaron Nili and Kobi Kastiel
University of Wisconsin Law School and Tel Aviv University - Buchmann Faculty of Law
Downloads 305 (121,731)

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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

13.

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 264 (141,463)
Citation 1

Abstract:

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

14.

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 254 (147,062)
Citation 1

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

15.

התביעה הנגזרת בישראל: סיכום ביניים ומבט לעתיד
Derivative Lawsuits in Israel

Number of pages: 73 Posted: 29 Jan 2021 Last Revised: 08 Apr 2021
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 198 (186,509)

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תביעה נגזרת, חובות זהירות, חובות אמון, אחריות דירקטורים

16.

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 168 (215,324)

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

17.

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 140 (250,477)

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

18.

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 135 (257,735)
Citation 1

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

19.

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 130 (265,091)

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

20.

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 29 (564,134)

Abstract:

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

21.

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

Number of pages: 47 Posted: 19 Apr 2021
Asaf Eckstein and Kobi Kastiel
Hebrew University of Jerusalem - Faculty of Law and Tel Aviv University - Buchmann Faculty of Law
Downloads 23 (601,976)

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Director Elections; Institutional Investors; Proxy Advisory Firms