Assaf Hamdani

Tel Aviv University; Buchman Faculty of Law; Coller School of Management

Professor of Law

Ramat Aviv

Tel Aviv, 69978

Israel

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 2,625

SSRN RANKINGS

Top 2,625

in Total Papers Downloads

24,246

SSRN CITATIONS
Rank 8,359

SSRN RANKINGS

Top 8,359

in Total Papers Citations

110

CROSSREF CITATIONS

90

Scholarly Papers (30)

1.

The Elusive Quest for Global Governance Standards

University of Pennsylvania Law Review, Vol. 157, pp. 1263-1317, 2009, Harvard Law and Economics Discussion Paper No. 633
Number of pages: 55 Posted: 08 Apr 2009 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 3,674 (5,720)
Citation 8

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Corporate governance, investor protection, agency costs, law and finance, governance indices, global standards, best practices, controlling shareholders, CGQ, anti-director index, anti-self-dealing index.

2.

Independent Directors and Controlling Shareholders

165 University of Pennsylvania Law Review, Issue 6 (May 2017).
Number of pages: 52 Posted: 07 Mar 2016 Last Revised: 26 Oct 2017
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 2,624 (9,792)
Citation 10

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Controlling Shareholders, Corporate Control, Independent Directors, Corporate Governance, Agency Problems, Conflict of Interest, Self-Dealing, Controller Opportunism, Tunneling, Boards of Directors

3.

Corporate Control and Idiosyncratic Vision

Columbia Law and Economics Working Paper No. 444, ECGI - Law Working Paper No. 206, Yale Law Journal, Vol. 125, 2016
Number of pages: 58 Posted: 04 Mar 2013 Last Revised: 20 Jan 2016
Zohar Goshen and Assaf Hamdani
Columbia Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 2,467 (10,787)
Citation 16

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Concentrated Ownership, Dispersed Ownership, Corporate Law, Self Dealing, Entire Fairness, Dividend, Freezeout, Business Judgment Rule, Agency Cost, Control Premium, Financial Contracting, Asymmetric Information, Idiosyncratic Vision, Dual Class Shares, Controlling Shareholder, Minority Protection

4.

The New Titans of Wall Street: A Theoretical Framework for Passive Investors

University of Pennsylvania Law Review, Vol. 168, p. 17, 2020, U of Penn, Inst for Law & Econ Research Paper No. 18-12, UC Berkeley Public Law Research Paper, European Corporate Governance Institute (ECGI) - Law Working Paper No. 414/2018
Number of pages: 63 Posted: 06 Jun 2018 Last Revised: 10 Feb 2020
University of Pennsylvania Carey Law School, Tel Aviv University; Buchman Faculty of Law; Coller School of Management and University of California, Berkeley - School of Law
Downloads 1,960 (15,549)
Citation 38

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Law and economics, corporate governance, securities law, passive investing, mutual funds, ETFs, corporate finance, institutional investors, shareholder activism, capital markets

5.

Federal Corporate Law: Lessons from History

Columbia Law Review, Vol. 106, pp. 1793-1839, 2006, Harvard Law and Economics Discussion Paper No. 558
Number of pages: 48 Posted: 29 Aug 2006 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 1,787 (18,014)
Citation 1

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State competition, regulatory competition, Delaware regulations, incorporations, Corporate Charters, corporate law, corporate governance, securities regulations, SEC

6.

Institutional Investors as Minority Shareholders

ECGI - Law Working Paper No. 172/2010
Number of pages: 41 Posted: 16 Jul 2010 Last Revised: 08 Apr 2024
Yishay Yafeh and Assaf Hamdani
Hebrew University of Jerusalem - Jerusalem School of Business Administration and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 1,324 (28,335)
Citation 5

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Corporate Governance, Corporate Law, Institutional Investors, Minority Shareholders, Business Groups, Shareholder Activism, Mutual Funds, Emerging Markets

7.

Gatekeeper Liability

Number of pages: 71 Posted: 17 Mar 2005
Assaf Hamdani
Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 1,239 (31,231)
Citation 2

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gatekeepers, strict liability, negligence, securities fraud, secondary liability

8.

Rewarding Outside Directors

Harvard Law & Economics Discussion Paper No. 578, ECGI - Law Working Paper No. 85/2007
Number of pages: 47 Posted: 24 Jan 2007
Assaf Hamdani and Reinier Kraakman
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Harvard Law School
Downloads 1,230 (31,588)
Citation 6

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independent directors, liability, gatekeepers

9.

Corporate Control, Dual Class, and the Limits of Judicial Review

European Corporate Governance Institute - Law Working Paper No. 462/2019, Columbia Law and Economics Working Paper No. 605, Columbia Law Review, Vol. 120, No. 941, 2020
Number of pages: 60 Posted: 20 May 2019 Last Revised: 07 Jul 2020
Zohar Goshen and Assaf Hamdani
Columbia Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 979 (43,761)
Citation 3

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control rights, agency costs, idiosyncratic vision, dual class, corporate law, entire fairness, self-dealing, valuation, Delaware courts

10.

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 833

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

11.

The Future of Shareholder Activism

Boston University Law Review, Vol. 99, p. 971, 2019
Number of pages: 30 Posted: 09 Jul 2019
Assaf Hamdani and Sharon Hannes
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Tel Aviv University - Buchmann Faculty of Law
Downloads 742 (63,906)
Citation 3

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Hedge Funds, Institutional Investors, Shareholder Activism, Activist Directors, Corporate Governance, Passive Investors,

12.
Downloads 704 (68,318)
Citation 6

Optimal Defaults for Corporate Law Evolution

Northwestern University Law Review, Vol. 96, No. 2, pp. 489-520, 2002, Harvard Law and Economics Discussion Paper No. 343, November 2001
Number of pages: 40 Posted: 10 Dec 2001 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 584 (85,518)
Citation 1

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Shareholders, managers, directors, default rules, interpretation, takeovers, antitakeover statutes, poison pill, and staggered boards

Optimal Defaults for Corporate Law Evolution

NBER Working Paper No. w8703
Number of pages: 45 Posted: 10 Jan 2002 Last Revised: 14 Oct 2022
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 99 (490,574)
Citation 2

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Optimal Defaults for Corporate Law Evolution

Number of pages: 47 Posted: 29 Jan 2002
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 21 (962,908)
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Shareholders, managers, directors, default rules, interpretation, takeovers, anti-takeover statutes, poison pill, staggered boards

13.

Vigorous Race or Leisurely Walk: Reconsidering the Competition Over Corporate Charters

Yale Law Journal, Vol. 112, pp. 553-615, 2002, Harvard Law and Economics Discussion Paper No. 376, July 2002
Number of pages: 69 Posted: 24 Aug 2002 Last Revised: 15 Apr 2015
Lucian A. Bebchuk and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 545 (94,490)
Citation 21

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Delaware, Incorporation, Corporate Charters, Corporate Governance, Regulatory Competition, Managers, Shareholders, Takeovers, Barriers to entry, Network Externalities, Federalism

14.

פטור מחבות בגין הפרת חובת זהירות Exculpatory Charter Provisions

Number of pages: 68 Posted: 29 Jan 2021 Last Revised: 07 Nov 2022
Assaf Hamdani and Sharon Hannes
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Tel Aviv University - Buchmann Faculty of Law
Downloads 505 (103,801)

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חובת זהירות, דירקטורים, פטור, חובת אמון

15.

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 437 (123,288)

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

16.

Mens Rea and the Cost of Ignorance

Bar Ilan Univ. Pub Law Working Paper No. 06-4
Number of pages: 41 Posted: 30 Mar 2006
Assaf Hamdani
Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 427 (126,683)
Citation 3

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criminal law, strict liability, mens rea, statutory rape

17.

Deterrence and the Corporate Death Penalty

Number of pages: 40 Posted: 27 Oct 2007 Last Revised: 15 Apr 2015
Assaf Hamdani and Alon Klement
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Buchman Faculty of Law, Tel Aviv University
Downloads 379 (145,128)
Citation 1

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Criminal Liability, Corporate Sanction, Marginal Deterrence, Collective Action

18.

Will Systematic Stewardship Save the Planet?

European Corporate Governance Institute - Law Working Paper No. 739/2023
Number of pages: 71 Posted: 13 Nov 2023 Last Revised: 07 Feb 2024
Zohar Goshen and Assaf Hamdani
Columbia Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 368 (149,969)

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systematic stewardship, carbon emissions, ESG, ESG funds, universal owners, hedge funds, agency costs

19.

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 315 (177,351)

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תביעה נגזרת, חובות זהירות, חובות אמון, אחריות דירקטורים

Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea and Israel

European Corporate Governance Institute - Law Working Paper No. 542/2020
Number of pages: 43 Posted: 15 Sep 2020 Last Revised: 22 Sep 2020
Assaf Hamdani, Konstantin Kosenko and Yishay Yafeh
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bank of Israel and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 299 (186,156)

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business groups, pyramids, corporate governance, controlling shareholders, concentration of economic power

Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea and Israel

CEPR Discussion Paper No. DP15342
Number of pages: 40 Posted: 03 Nov 2020
Assaf Hamdani, Konstantin Kosenko and Yishay Yafeh
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bank of Israel and Hebrew University of Jerusalem - Jerusalem School of Business Administration
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Business Groups, concentration of economic power, controlling shareholders, corporate governance, pyramids

21.

Optimal Liability for Libel

Number of pages: 41 Posted: 17 Aug 2002
Oren Bar-Gill and Assaf Hamdani
Harvard Law School and Tel Aviv University; Buchman Faculty of Law; Coller School of Management
Downloads 267 (210,431)
Citation 1

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Libel, Externalities, Liability, Tort Law, Constitutional Law

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment

Journal of Law, Finance & Accounting, Vol. 2, No. 1, 2017
Number of pages: 38 Posted: 22 Sep 2015 Last Revised: 30 Sep 2017
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Hebrew University of Jerusalem - Department of Economics, Bar Ilan University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 248 (225,359)

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Institutional Investors, Pension Funds, Incentive Fees, Defined Contribution

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment in Israel

CEPR Discussion Paper No. DP10911
Number of pages: 40 Posted: 04 Nov 2015
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Hebrew University of Jerusalem - Department of Economics, Bar Ilan University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
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Competition, Incentives, Pension Funds, Retirement Savings

23.

The Class Defense

Number of pages: 68 Posted: 16 Nov 2004
Assaf Hamdani and Alon Klement
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Buchman Faculty of Law, Tel Aviv University
Downloads 223 (250,875)

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class action, litigation, peer to peer

Conditional Control: The Consequences of Expanding Creditors’ Right to Initiate Bankruptcy

European Corporate Governance Institute – Finance Working Paper No. 811/2022
Number of pages: 65 Posted: 11 Jan 2022 Last Revised: 25 Sep 2022
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bar Ilan University, Hebrew University, Bank of Israel - Research Department and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 187 (294,256)

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Creditor Rights, Financial Distress, Bankruptcy, Aggressive Accounting, Informativeness

Creditor Rights, Implicit Covenants, and the Quality of Accounting Information

CEPR Discussion Paper No. DP16844
Number of pages: 58 Posted: 04 Feb 2022
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bar Ilan University, Hebrew University, Bank of Israel - Research Department and Hebrew University of Jerusalem - Jerusalem School of Business Administration
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Accounting conservatism, Accruals, bankruptcy, Covenants, Creditor rights, financial distress, Informativeness

25.

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 459/2016
Number of pages: 49 Posted: 17 Feb 2016
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Hebrew University of Jerusalem - Department of Economics, Bar Ilan University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 151 (354,455)
Citation 1

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competition, incentives, pension funds, retirement savings

26.

Hidden Government Influence Over Privatized Banks

Theoretical Inquires in Law, Forthcoming, USC CLEO Research Papers Series No. C11-15, USC Legal Studies Research Papers Series No. 11-22
Number of pages: 31 Posted: 19 Sep 2011 Last Revised: 15 Apr 2015
Assaf Hamdani and Ehud Kamar
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Tel Aviv University - Buchmann Faculty of Law
Downloads 134 (389,572)

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27.

Poor ESG: Regressive Effects of Climate Stewardship

European Corporate Governance Institute - Law Working Paper No. 764/2024
Number of pages: 63 Posted: 08 Apr 2024 Last Revised: 15 Apr 2024
Zohar Goshen, Assaf Hamdani and Alex Raskolnikov
Columbia Law School, Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Columbia University - Law School
Downloads 108 (458,204)

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ESG, Climate Stewardship, Regressive effects, political backlash, universal owners,

28.

Reservation Prices in Shareholders’ Response to Freeze-Out Tender Offers

Number of pages: 28 Posted: 17 Dec 2019
Assaf Hamdani, Beni Lauterbach and Yevgeny Mugerman
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Bar-Ilan University - Graduate School of Business Administration and Bar Ilan University
Downloads 47 (725,198)
Citation 3

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freeze-out transactions, reference points, loss aversion

29.

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment

NBER Working Paper No. w22634
Number of pages: 48 Posted: 20 Sep 2016 Last Revised: 07 May 2023
Tel Aviv University; Buchman Faculty of Law; Coller School of Management, Hebrew University of Jerusalem - Department of Economics, Bar Ilan University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 40 (773,142)
Citation 6

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30.

Institutional Investors as Minority Shareholders: Do They Matter When Ownership is Concentrated?

CEPR Discussion Paper No. DP7934
Number of pages: 49 Posted: 26 Jul 2010
Assaf Hamdani and Yishay Yafeh
Tel Aviv University; Buchman Faculty of Law; Coller School of Management and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 3 (1,099,280)
Citation 8
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Business Groups, Corporate Governance, Corporate Law, Emerging Markets, Institutional Investors, Minority Shareholders, Mutual Funds, Shareholder Activism