Lynn A. Stout

Cornell Law School - Jack G. Clarke Business Law Institute

Distinguished Professor of Corporate and Business Law Jack G. Clarke Business Law

Myron Taylor Hall

Cornell University

Ithaca, NY 14853-4901

United States

SCHOLARLY PAPERS

45

DOWNLOADS
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in Total Papers Downloads

51,055

CITATIONS
Rank 1,301

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Top 1,301

in Total Papers Citations

424

Scholarly Papers (45)

A Team Production Theory of Corporate Law

Virginia Law Review, Vol. 85, No. 2, pp. 248-328, March 1999
Number of pages: 83 Posted: 23 Jul 2003
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 4,800 (1,099)
Citation 116

Abstract:

A Team Production Theory of Corporate Law

Virginia Law Review, Vol. 85, No. 2, 1999
Posted: 09 May 1998
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

2.

Bad and Not-So-Bad Arguments For Shareholder Primacy

Southern California Law Review, Vol. 75, p. 1189, 2002
Number of pages: 23 Posted: 19 Nov 2002
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 3,352 (1,492)
Citation 31

Abstract:

shareholder primacy, agency costs

3.

The Mechanisms of Market Inefficiency: An Introduction to the New Finance

UCLA School of Law, Law & Econ. Research Paper No. 03-23
Number of pages: 42 Posted: 18 Dec 2003
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 2,695 (2,915)
Citation 15

Abstract:

Efficient Capital Market Hypothesis (ECMH), market theory,

4.

Fiduciary Duties for Activist Shareholders

UCLA School of Law, Law-Econ Research Paper No. 08-02, Stanford Law Review, Vol. 60, 2008
Number of pages: 66 Posted: 05 Feb 2008 Last Revised: 21 Mar 2008
Iman Anabtawi and Lynn A. Stout
University of California, Los Angeles (UCLA) - School of Law and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 2,653 (2,792)
Citation 27

Abstract:

Public Corporations, shareholder responsibilities, corporate governance, activist investors, corporate transactions

5.

Trust, Trustworthiness, and the Behavioral Foundations of Corporate Law

University of Pennsylvania Law Review, June 2001
Number of pages: 95 Posted: 14 Sep 2000
Lynn A. Stout and Margaret M. Blair
Cornell Law School - Jack G. Clarke Business Law Institute and Vanderbilt University - Law School
Downloads 2,212 (4,033)
Citation 26

Abstract:

6.

Why We Should Stop Teaching Dodge v. Ford

UCLA School of Law, Law-Econ Research Paper No. 07-11
Number of pages: 14 Posted: 18 Sep 2007 Last Revised: 31 Jan 2008
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 2,088 (4,077)
Citation 3

Abstract:

Dodge vs Ford, nature of corporations, shareholder weath

How Efficient Markets Undervalue Stocks: CAPM and ECMH Under Conditions of Uncertainty and Disagreement

Number of pages: 34 Posted: 16 Jun 1997
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,982 (5,160)
Citation 2

Abstract:

How Efficient Markets Undervalue Stocks: CAPM and Ecmh Under Conditions of Uncertainty and Disagreement

Cardozo Law Review, Vol. 19, No. 2 (1997) (Symposium on the Essays of Warren Buffett)
Posted: 09 Apr 1997
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

8.

Director Accountability and the Mediating Role of the Corporate Board

Washington University Law Quarterly, Vol. 79, 2001, Forthcoming
Number of pages: 56 Posted: 12 Apr 2001
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,553 (7,708)
Citation 21

Abstract:

9.

Derivatives and the Legal Origin of the 2008 Credit Crisis

Harvard Business Law Review, Vol. 1, pp. 1-38, 2011, UCLA School of Law, Law-Econ Research Paper No. 11-11
Number of pages: 38 Posted: 30 Jun 2011
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,322 (6,376)
Citation 1

Abstract:

Commodities Futures Modernization Act of 2000 (CFMA), speculative trading, CEA, Frank-Dodd Act

10.

The Investor Confidence Game

UCLA School of Law, Research Paper No. 02-18
Number of pages: 45 Posted: 14 Aug 2002
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,301 (10,161)
Citation 8

Abstract:

Investor confidence, trust, securities

11.

The Mechanisms of Market Inefficiency

Journal of Corporation Law, Vol. 28, pp. 635-69, 2003
Number of pages: 36 Posted: 07 Apr 2004
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,297 (10,082)
Citation 18

Abstract:

market efficiency, behavioral finance

12.

New Thinking on ‘Shareholder Primacy’

UCLA School of Law, Law-Econ Research Paper No. 11-04
Number of pages: 28 Posted: 21 Feb 2011
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,291 (7,312)
Citation 5

Abstract:

corporate governance, shareholder primacy, social responsibility, corporate structure

13.

Inefficient Markets and the New Finance

Journal of Financial Transformation, Forthcoming
Number of pages: 18 Posted: 25 May 2005
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,270 (9,771)
Citation 5

Abstract:

Efficient Capital Market Hypothesis (ECMH)

14.

On the Nature of Corporations

University of Illinois Law Review, Vol. 2005, pp. 253-267, 2005, UCLA School of Law, Law-Econ Research Paper No. 04-13
Number of pages: 17 Posted: 22 Jul 2004
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,265 (8,982)
Citation 8

Abstract:

corporations, capital lock-in, corporate directors

On the Proper Motives of Corporate Directors (Or, Why You Don't Want to Invite Homo Economicus to Join Your Board)

Delaware Journal of Corporate Law, Vol. 28, pp. 1-25, 2003
Number of pages: 26 Posted: 25 Mar 2004
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 671 (28,544)
Citation 14

Abstract:

Corporate directors

On the Proper Motives of Corporate Directors (Or, Why You Don't Want to Invite Homo Economicus to Join Your Board)

UCLA School of Law, Law & Econ Research Paper No. 03-8
Number of pages: 27 Posted: 31 Mar 2003
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 547 (37,628)
Citation 14

Abstract:

corporate governance, corporate directors, public firms

16.

The Mythical Benefits of Shareholder Control

Virginia Law Review, 2006, UCLA School of Law, Law-Econ Research Paper No. 06-19
Number of pages: 16 Posted: 11 Sep 2006
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,212 (11,197)
Citation 21

Abstract:

corporate governance, shareholder control, board of directors, public corporations

17.

How Deregulating Derivatives Led to Disaster, and Why Re-Regulating Them can Prevent Another

Lombard Street, Vol. 1, No. 7, 2009, UCLA School of Law, Law-Econ Research Paper No. 09-13
Number of pages: 28 Posted: 11 Jul 2009
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,155 (11,718)
Citation 4

Abstract:

financial regulation, credit markets, Commodity Futures Modernization Act (CFMA) of 2000, derivatives regulation

Team Production in Business Organizations: An Introduction

Georgetown University Law Center, Business, Economics, and Regulatory Law Working Paper No. 180991
Number of pages: 9 Posted: 20 Sep 1999
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 1,101 (13,721)

Abstract:

Team Production in Business Organizations: An Introduction

Journal of Corporation Law, Vol. 24, p. 743, 1999
Posted: 05 Oct 1999
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

19.

Regulate OTC Derivatives by Deregulating Them

Regulation, Vol. 32, No. 3, pp. 30-41, Fall 2009, UCLA School of Law, Law-Econ Research Paper No. 09-22
Number of pages: 12 Posted: 12 Oct 2009 Last Revised: 01 Nov 2009
Cornell Law School - Jack G. Clarke Business Law Institute, UC Riverside, American Enterprise Institute (AEI) and University of Houston - Department of Finance
Downloads 1,004 (14,171)
Citation 3

Abstract:

OTC derivatives, derivatives, Irwin v. Williar, CDS, speculation, Commodities Futures Modernization Act

20.

The Shareholder Value Myth

European Financial Review, April-May 2013
Number of pages: 9 Posted: 11 Jun 2013
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 947 (9,476)
Citation 4

Abstract:

Shareholder, confidence, value, corporation

21.

In Praise of Procedure: An Economic and Behavioral Defense of Smith V. Van Gorkom and the Business Judgment Rule

UCLA, School of Law Research Paper No. 01-21
Number of pages: 30 Posted: 25 Nov 2001
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 939 (15,568)
Citation 5

Abstract:

22.

Other-Regarding Preferences and Social Norms

Georgetown Law and Economics Research Paper No. 265902; and Georgetown Public Law Research Paper No. 265902
Number of pages: 34 Posted: 06 Apr 2001
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 792 (22,161)
Citation 6

Abstract:

23.

On the Export of U.S.-Style Corporate Fiduciary Duties to Other Cultures: Can a Transplant Take?

UCLA, School of Law Working Paper No. 02-11
Number of pages: 41 Posted: 18 Jun 2002
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 786 (22,072)
Citation 4

Abstract:

24.

Do Antitakeover Defenses Decrease Shareholder Wealth? The Ex Post/Ex Ante Valuation Problem

Stanford Law Review, Forthcoming
Number of pages: 28 Posted: 18 Nov 2002
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 766 (23,378)
Citation 11

Abstract:

25.

Share Price as a Poor Criterion for Good Corporate Law

UCLA School of Law, Law-Econ Research Paper No. 05-7
Number of pages: 13 Posted: 03 Feb 2005
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 641 (28,869)
Citation 2

Abstract:

corporate performance

26.

Specific Investment: Explaining Anomalies in Corporate Law

Journal of Corporation Law, Forthcoming, Vanderbilt Law and Economics Research Paper No. 05-26, UCLA School of Law, Law-Econ Research Paper No. 05-27
Number of pages: 40 Posted: 18 Oct 2005
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 629 (31,064)
Citation 10

Abstract:

corporate law, principal-agent, agency costs, boards of directors, legal personality, specific investment, law and economics, scientific revolutions, nexus of contracts, shareholder wealth maximization, residual claimants, theory of the firm, capital lock-in, shareholder primacy, team production

27.

The Legal Origin of the 2008 Credit Crisis

UCLA School of Law, Law-Econ Research Paper No. 11-05
Number of pages: 33 Posted: 28 Feb 2011 Last Revised: 09 Mar 2011
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 621 (27,061)
Citation 1

Abstract:

Commodities Futures Modernization Act (CFMA), Dodd-Frank Financial Reform Bill, OTC Trading

28.

Stock Prices and Social Wealth

Harvard Law and Economics Discussion Paper No. 301; Georgetown Law and Economics Research Paper No. 249991
Number of pages: 40 Posted: 08 Jan 2001
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 614 (31,586)
Citation 3

Abstract:

29.

Takeovers in the Ivory Tower: How Academics are Learning Martin Lipton May be Right

UCLA School of Law, Law-Econ Research Paper No. 05-21
Number of pages: 34 Posted: 20 Sep 2005
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 609 (30,809)
Citation 2

Abstract:

efficient market theory, principal-agent model of the public corporation, Martin Lipton, share price, shareholders, board of directors

30.

Specific Investment and Corporate Law

European Business Organization Law Review, Forthcoming, UCLA School of Law, Law-Econ Research Paper No. 05-30, Vanderbilt Law and Economics Research Paper No. 05-31
Number of pages: 38 Posted: 13 Dec 2005
Margaret M. Blair and Lynn A. Stout
Vanderbilt University - Law School and Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 593 (31,962)
Citation 10

Abstract:

31.

The Shareholder as Ulysses: Some Empirical Evidence on Why Investors in Public Corporations Tolerate Board Governance

University of Pennsylvania Law Review, Vol. 152, 2003
Number of pages: 48 Posted: 15 Oct 2003
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 556 (36,103)
Citation 6

Abstract:

Board of directors, corporate assets, governance structures, shareholders

32.

Taking Conscience Seriously

UCLA School of Law, Law-Econ Research Paper No. 06-20, Free Enterprise: Values in Action Conference Series, 2005-2006, MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007
Number of pages: 27 Posted: 11 Sep 2006
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 535 (36,358)
Citation 2

Abstract:

33.

Trust Behavior: The Essential Foundation of Securities Markets

UCLA School of Law, Law-Econ Research Paper No. 09-15
Number of pages: 16 Posted: 03 Aug 2009
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 396 (51,959)

Abstract:

market investing, securities markets, investing behavior, market expectations

34.

Killing Conscience: The Unintended Behavioral Consequences of 'Pay For Performance'

(Forthcoming) Journal of Corporation Law, Vol. 39, Issue 1, Cornell Legal Studies Research Paper No. 14-06
Number of pages: 42 Posted: 12 Mar 2014
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 392 (26,179)

Abstract:

incentive contracts, compensation, performance, ethics, prosocial behavior, corporate executives

35.

The Mythical Benefit of Shareholder Control

Regulation, Vol. 30, No. 1, pp. 42-47, Spring 2007
Number of pages: 6 Posted: 06 Apr 2007 Last Revised: 26 Aug 2009
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 333 (61,154)
Citation 18

Abstract:

The Mythical Benefit of Shareholder Control, Lucian Bebchuk, shareholder control, public firms, board governance, advantages, decision making, accountability, inter-shareholder opportunism, team production, shareholder ownership, shareholder democracy, ENRON, ENRON effect

36.

Social Norms and Other-Regarding Preferences

NORMS AND THE LAW, John N. Drobak, ed., Cambridge University Press, 2006, UCLA School of Law, Law-Econ Research Paper No. 06-05
Number of pages: 37 Posted: 21 Feb 2006
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 327 (65,642)
Citation 6

Abstract:

behavioral approaches to law, rational selfishness, social norms, other-regarding preferences

37.

Judges as Altruistic Hierarchs

UCLA, School of Law Research Paper No. 01-16
Number of pages: 29 Posted: 16 Oct 2001
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 313 (73,083)
Citation 5

Abstract:

Technology, Transactions Costs, and Investor Welfare: Is A Motley Fool Born Every Minute?

Number of pages: 18 Posted: 23 Jun 1997
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 261 (91,299)
Citation 1

Abstract:

Technology, Transactions Costs, and Investor Welfare: Is a Motley Fool Born Every Minute?

Washington University Law Quarterly Symposium on Electronic Technology and Securities Regulation, Vol. 75, No. 2, 1997
Posted: 12 May 1997
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

39.

The Corporation as Time Machine: Intergenerational Equity, Intergenerational Efficiency, and the Corporate Form

Number of pages: 39 Posted: 30 Jan 2015
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 183 (76,448)

Abstract:

40.

The Modern Corporation Statement on Company Law

Number of pages: 4 Posted: 29 Oct 2016
Cornell Law School - Jack G. Clarke Business Law Institute, SciencesPo, Kent Law School, University of Cambridge - Centre for Business Research (CBR), Boston College Law School, University of Sheffield - Law School, University of Kent, Canterbury - Kent Law School, Vanderbilt University - Law School, University of York - York Law School, Queen Mary University of London - School of Law, Queen Mary, University of London, (CCLS), Washington and Lee University - School of Law, University of Oslo, Faculty of Law, Department of Private Law, University of Bristol, York University - Osgoode Hall Law School, University of Essex - School of Law, University of York (UK), University of Michigan, Stephen M. Ross School of Business, University of Manchester, The Business School, University of Colorado Denver, University of Leeds - School of Law, University of Cambridge, Faculty of Law, Deakin University, Geelong, Australia - Deakin Law School, University of Waikato - Management School, The University of Hong Kong - School of Business, York law School, Washington and Lee University School of Law, University of California, Davis - School of Law, Hofstra University College of Law, University of Technology, Sydney, Washington and Lee University - School of Law, University of Brescia, Wachtell, Lipton, Rosen & Katz, University of Victoria - Faculty of Law, University of Victoria - Faculty of Law, Dickinson College, Seyfarth Shaw LLP, Audencia School of Management, University of San Diego School of Law, INSEAD, Alvares Penteado School of Business (Fecap), Independent, Universidad Complutense de Madrid (UCM) - Colegio Universitario de Estudios Financieros (CUNEF), Université Grenoble Alpes, São Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP, University of South Africa - School of Law, Deakin University, Geelong, Australia - Deakin Law School, Cornell Law School, University of South Australia - School of Law, University of Essex - School of Law, Queen's University Belfast - School of Law, Independent, City University London - Sir John Cass Business School, CASS Business School, City University, London and Frank Bold
Downloads 0 (42,149)

Abstract:

Company, Law, Corporate, Governance

41.

Corporate Entities: Their Ownership, Control, and Purpose

Oxford Handbook of Law and Economics, Forthcoming, Cornell Legal Studies Research Paper No. 16-38
Number of pages: 22 Posted: 22 Sep 2016
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute
Downloads 0 (75,603)

Abstract:

Corporate Form, Corporate Entities, Legal Personality, Limited Liability, Delegated Management, Transferable Equity, Perpetual Life, Entity Theory, Aggregate Theory, Franchise Theory, Shareholder Primacy, Stakeholder Welfare, Corporate Governance, Theory of the Firm, Corporations

42.

Killing Conscience: The Behavioral Effects of 'Pay for Performance'

Gruter Institute Squaw Valley Conference: Law, Institutions & Human Behavior, 2011
Posted: 11 Jun 2013
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

43.

Crowding Out Conscience: The Perils of Material Incentives

Gruter Institute Squaw Valley Conference 2010: Law, Institutions & Human Behavior
Posted: 15 May 2010
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

44.

Chariots of the Sun

CULTIVATING CONSCIENCE, Chapter 10, 2009, Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain
Posted: 15 May 2009
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

Why the Law Hates Speculators: Regulation and Private Ordering in the Market for OTC Derivatives

Posted: 21 Oct 1998
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract:

Why the Law Hates Speculators: Regulation and Private Ordering in the Market for OTC Derivatives

Duke Law Journal, Vol. 48, p. 701, 1999
Posted: 21 Nov 2000
Lynn A. Stout
Cornell Law School - Jack G. Clarke Business Law Institute

Abstract: