Simone M. Sepe

University of Toronto - Faculty of Law

78 and 84 Queen's Park

Toronto, Ontario M5S 2C5

Canada

University of Toronto - Rotman School of Management

105 St. George Street

Toronto, Ontario M5S 3E6 M5S1S4

Canada

University of Arizona - James E. Rogers College of Law

P.O. Box 210176

Tucson, AZ 85721-0176

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

American College of Governance Counsel

555 8th Avenue, Suite 1902

New York, NY 10018

United States

  • University of Toronto - Faculty of Law

  • University of Toronto - Rotman School of Management

  • University of Arizona - James E. Rogers College of Law

  • European Corporate Governance Institute (ECGI)

  • American College of Governance Counsel

SCHOLARLY PAPERS

37

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21,754

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Top 9,038

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175

Scholarly Papers (37)

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1.

Staggered Boards and Long-Term Firm Value, Revisited

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 07 Dec 2013 Last Revised: 25 Jul 2017
Martijn Cremers, Lubomir P. Litov and Simone M. Sepe
University of Notre Dame, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Faculty of Law
Downloads 3,124 (8,507)
Citation 78

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Staggered Boards, Classified Boards, Firm Value, Long-term Commitment, Entrenchment

2.

Hedge Fund Activism and Long-Term Firm Value

Number of pages: 66 Posted: 19 Nov 2015 Last Revised: 29 May 2020
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Toronto - Faculty of Law and School of Banking and Finance, University of International Business and Economics
Downloads 2,426 (12,654)
Citation 15

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Hedge fund activism, corporate governance, long-term firm value, selection effect, matched sample, limited commitment, stakeholder relationships

3.

Lawyers and Fools: Lawyer-Directors in Public Corporations

Georgetown Law Journal, Vol. 102, Cornell Legal Studies Research Paper No. 13-63, Arizona Legal Studies Discussion Paper 13-25
Number of pages: 68 Posted: 17 Feb 2013 Last Revised: 20 Jan 2014
Lubomir P. Litov, Simone M. Sepe and Charles K. Whitehead
University of Oklahoma - Michael F. Price College of Business, University of Toronto - Faculty of Law and Cornell Law School
Downloads 2,230 (14,481)
Citation 23

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corporate governance, board of directors, board composition, lawyer-directors

4.

Good Faith and Contract Interpretation: A Law and Economics Perspective

SIena Memos and Papers in Law & Economics - SIMPLE Paper No. 42/06, Arizona Legal Studies Discussion Paper No. 10-28
Number of pages: 61 Posted: 22 Jan 2008 Last Revised: 15 Aug 2010
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 1,669 (22,903)
Citation 5

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contract law, good faith, incomplete contracts

5.

Private Sale of Corporate Control: Why the European Mandatory Bid Rule is Inefficient

Arizona Legal Studies Discussion Paper No. 10-29
Number of pages: 61 Posted: 22 Jan 2008 Last Revised: 15 Aug 2010
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 1,290 (33,626)

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corporate governance, mandatory bid rule, incomplete contracts, private benefits of control

6.

Poison Pills in the Shadow of the Law

Downloads 974 (50,354)
Citation 5

Poison Pills in the Shadow of the Law

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 595/2019
Number of pages: 103 Posted: 13 Jan 2022 Last Revised: 24 Aug 2024
Martijn Cremers, Simone M. Sepe, Michał Zator and Lubomir P. Litov
University of Notre Dame, University of Toronto - Faculty of Law, University of Notre Dame - Mendoza College of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 892 (55,967)

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Poison pill, antitakeover statutes, shadow pill, firm value

Poison Pills in the Shadow of the Law

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 103 Posted: 31 May 2018 Last Revised: 24 Aug 2024
Martijn Cremers, Lubomir P. Litov, Simone M. Sepe and Michał Zator
University of Notre Dame, University of Oklahoma - Michael F. Price College of Business, University of Toronto - Faculty of Law and University of Notre Dame - Mendoza College of Business
Downloads 82 (640,786)
Citation 5

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Poison pill, antitakeover statutes, shadow pill, firm value

7.

Blood in the Water: The Value of Antitakeover Provisions During Market Shocks

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 28 Oct 2020 Last Revised: 10 Jan 2022
Scott Guernsey, Simone M. Sepe and Matthew Serfling
University of Tennessee, University of Toronto - Faculty of Law and University of Tennessee
Downloads 826 (63,103)

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Antitakeover provisions, Market shocks, Firm value, Takeover premiums, Relationship-specific investments

8.

Making Sense of Executive Compensation

36 Delaware Journal of Corporate Law 189 (2011), Arizona Legal Studies Discussion Paper No. 10-42
Number of pages: 49 Posted: 08 Dec 2010 Last Revised: 16 Jun 2014
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 772 (69,040)

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Dodd-Frank Act, Executive Compensation, Manager Employment Contracts

9.

Commitment and Entrenchment in Corporate Governance

Northwestern University Law Review, 2016, Northwestern Law & Econ Research Paper No. 15-22
Number of pages: 69 Posted: 24 Oct 2015 Last Revised: 10 Dec 2015
Martijn Cremers, Saura Masconale and Simone M. Sepe
University of Notre Dame, The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom and University of Toronto - Faculty of Law
Downloads 762 (70,207)
Citation 12

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Corporate Governance, Firm Value, Long-term Commitment, Entrenchment, G-Index, E-Index, C-Index, I-Index

10.

Board Declassification Activism: The Financial Value of the Shareholder Rights Project

Number of pages: 40 Posted: 03 May 2017 Last Revised: 21 Jun 2017
Martijn Cremers and Simone M. Sepe
University of Notre Dame and University of Toronto - Faculty of Law
Downloads 690 (79,787)
Citation 3

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staggered board, declassification, firm value, shareholder activism, shareholder proposals, legal clinic

11.

Hedge Fund Activists: Value Creators or Good Stock Pickers?

Number of pages: 58 Posted: 23 Jun 2020 Last Revised: 22 Jan 2021
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Toronto - Faculty of Law and School of Banking and Finance, University of International Business and Economics
Downloads 580 (99,643)
Citation 2

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hedge funds, stock pickers, timing skills

12.

Shareholder Collaboration

Texas Law Review, Vol. 98, p. 863, 2020, U of Penn, Inst for Law & Econ Research Paper No. 18-22, European Corporate Governance Institute (ECGI) - Law Working Paper No. 415/2018
Number of pages: 65 Posted: 07 Aug 2018 Last Revised: 29 Jul 2020
Jill E. Fisch and Simone M. Sepe
University of Pennsylvania Carey Law School and University of Toronto - Faculty of Law
Downloads 578 (100,062)
Citation 1

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Corporations, corporate governance, venture capital, hedge fund activism, publicly-held companies, theory of the firm, private ordering, spectrum of shareholder collaboration, collaborative insider-shareholder model, enhancement of shareholder information, management, shareholders

13.

The Shareholder Value of Empowered Boards

Stanford Law Review, Vol. 68, 2016, Northwestern Law & Econ Research Paper No. 15-21
Number of pages: 87 Posted: 18 Oct 2015 Last Revised: 10 Dec 2015
Martijn Cremers and Simone M. Sepe
University of Notre Dame and University of Toronto - Faculty of Law
Downloads 545 (107,958)
Citation 16

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staggered boards, destaggering, corporate law, firm value, entrenchment, limited commitment

14.

The Financial Value of Corporate Law: Evidence from (Re)incorporations

Number of pages: 82 Posted: 06 Nov 2014 Last Revised: 10 Nov 2015
Martijn Cremers and Simone M. Sepe
University of Notre Dame and University of Toronto - Faculty of Law
Downloads 428 (144,100)
Citation 3

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State corporate law, Delaware, reincorporation, firm value, limited commitment, moral hazard, shareholders, stakeholders

15.

Paying for Risk: Bankers, Compensation, and Competition

Cornell Law Review, Vol. 100, Forthcoming, Cornell Legal Studies Research Paper No. 13-87
Number of pages: 43 Posted: 09 Aug 2013 Last Revised: 15 Dec 2015
Charles K. Whitehead and Simone M. Sepe
Cornell Law School and University of Toronto - Faculty of Law
Downloads 387 (162,091)

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Bank, financial, financial crisis, risk-taking, compensation

16.

CITIZEN CORP.

European Corporate Governance Institute - Law Working Paper No. 568/2021
Number of pages: 69 Posted: 26 Feb 2021 Last Revised: 28 Mar 2022
Simone M. Sepe and Saura Masconale
University of Toronto - Faculty of Law and The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom
Downloads 382 (164,017)

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corporate social responsibility, asset pricing, political equality, democracy, corporate voting

17.

Urban Decay, Austerity, and the Rule of Law

64 Emory Law Journal 1 (2014), Arizona Legal Studies Discussion Paper No. 13-15
Number of pages: 57 Posted: 11 Mar 2013 Last Revised: 04 Apr 2014
Brent T. White, Simone M. Sepe and Saura Masconale
University of Arizona - James E. Rogers College of Law, University of Toronto - Faculty of Law and The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom
Downloads 371 (169,367)

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social contract, rule of law, urban infrastructure, austerity

18.

Corporate Law and the Myth of Efficient Market Control

Cornell Law Review, Vol. 105, p. 675, 2020, U of Penn, Inst for Law & Econ Research Paper No. 19-21
Number of pages: 66 Posted: 10 May 2019 Last Revised: 19 Aug 2020
William W. Bratton and Simone M. Sepe
University of Pennsylvania Carey Law School and University of Toronto - Faculty of Law
Downloads 363 (174,025)

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corporate governance, theory of the firm, management agency costs

19.

Economic Challenges for the Law of Contract

Yale Journal on Regulation, Forthcoming, Yale Law & Economics Research Paper
Number of pages: 27 Posted: 12 Dec 2020
Alan Schwartz and Simone M. Sepe
Yale Law School and University of Toronto - Faculty of Law
Downloads 359 (175,572)
Citation 1

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contracts, contract theory, law and economics, industrial organization

20.

Corporate Agency Problems and Dequity Contracts

36 Journal of Corporation Law 113 (2010)
Number of pages: 70 Posted: 24 Mar 2010 Last Revised: 28 May 2013
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 339 (187,574)
Citation 1

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Corporate Governance, Common Agency, Hybrid Securities, Fiduciary Duties

21.

Directors' Duty to Creditors and the Debt Contract

Journal of Business & Technology Law, Vol. 1, No. 2, p. 553, 2007
Number of pages: 54 Posted: 22 Jan 2008
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 337 (188,181)

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corporate governance, fiduciary duties, incomplete contracts, contract theory, covenants

22.

Board Declassification Activism: Why Run Away from the Evidence?

Number of pages: 13 Posted: 26 Jun 2017
Martijn Cremers and Simone M. Sepe
University of Notre Dame and University of Toronto - Faculty of Law
Downloads 316 (201,520)
Citation 1

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staggered board, declassification, firm value, shareholder activism, shareholder proposals, legal clinic

23.

Banking on the Lawyers

Cornell Legal Studies Research Paper No. 20-13
Number of pages: 61 Posted: 26 Feb 2020 Last Revised: 02 Mar 2020
Scott Guernsey, Saura Masconale, Simone M. Sepe and Charles K. Whitehead
University of Tennessee, The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom, University of Toronto - Faculty of Law and Cornell Law School
Downloads 290 (221,596)

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bank governance, risk management, lawyer-directors, financial crisis, corporate governance

24.

Reckless Associations

Harvard Journal of Law & Technology, Forthcoming, Arizona Legal Studies Discussion Paper No. 22-10, Law & Economics Center at George Mason University Scalia Law School Research Paper Series No. 22-042
Number of pages: 59 Posted: 12 Mar 2022 Last Revised: 01 Dec 2022
Jane R. Bambauer, Saura Masconale and Simone M. Sepe
University of Florida Levin College of Law, The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom and University of Toronto - Faculty of Law
Downloads 241 (266,273)

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torts, First Amendment, conspiracy theories, freedom of association, social media, internet law, secondary liability

25.

Intruders in the Boardroom: The Case of Constituency Directors

Washington University Law Review, Vol. 91, 2013, Forthcoming, Arizona Legal Studies Discussion Paper No. 12-24
Number of pages: 65 Posted: 23 Apr 2013 Last Revised: 10 May 2013
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 227 (282,157)
Citation 2

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constitutuency directors, NCE investors, non-common equity investors, fiduciary duty

26.

Regulating Risk and Governance in Banks: A Contractarian Perspective

62 Emory Law Journal 327 (2012), Arizona Legal Studies Discussion Paper No. 13-14
Number of pages: 81 Posted: 03 Mar 2013
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 198 (321,144)

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bank regulation, regulating risk, debtholders, shareholders, safe governance, risk taking, contractarian approach

27.

Rethinking Chutes: Incentives, Investment, and Innovation

95 Boston University Law Review 2029 (2015), Cornell Legal Studies Research Paper No. 15-41, Arizona Legal Studies Discussion Paper No. 15-35
Number of pages: 56 Posted: 07 Dec 2015 Last Revised: 17 Dec 2015
Simone M. Sepe and Charles K. Whitehead
University of Toronto - Faculty of Law and Cornell Law School
Downloads 187 (338,386)

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parachute, chute, executive compensation, takeover, governance, innovation, specific investment

28.

Online Appendix Tables of 'Staggered Boards and Long-Term Firm Value, Revisited'

Number of pages: 32 Posted: 09 Nov 2016 Last Revised: 26 Jul 2017
Martijn Cremers, Lubomir P. Litov and Simone M. Sepe
University of Notre Dame, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Faculty of Law
Downloads 180 (350,324)
Citation 4

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staggered board, firm value, stakeholder relationships, innovation

29.

Midstream Contract Interpretation

Notre Dame Law Review, 2023, Yale Law & Economics Research Paper Forthcoming
Number of pages: 51 Posted: 12 May 2023
Alan Schwartz and Simone M. Sepe
Yale Law School and University of Toronto - Faculty of Law
Downloads 140 (432,831)

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30.

CEO Pay Redux

Texas Law Review, Vol. 96, No. 2, 2017
Number of pages: 74 Posted: 31 Jul 2018
Martijn Cremers, Saura Masconale and Simone M. Sepe
University of Notre Dame, The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom and University of Toronto - Faculty of Law
Downloads 138 (437,824)

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executive compensation, dynamic contracts, firm value, CEO pay, incentives, stock grants, options

31.

Risk Shifting, Conversion Rules, and Optional Payment Schedules

Arizona Legal Studies Discussion Paper No. 10-30
Number of pages: 35 Posted: 26 Jul 2010 Last Revised: 15 Aug 2010
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 123 (479,560)

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Asset Substitution, Convertible Debt, Corporate Governance, Risk Shifting, SOSD

32.

Disentangling Liberalization and Privatization Policies: Is There a Political Trade-Off?

Journal of Comparative Economics, Vol. 42, No. 4, 2014
Number of pages: 19 Posted: 20 Jun 2015
Filippo Belloc, Antonio Nicita and Simone M. Sepe
University of Siena - Department of Economics and Statistics, University of Siena - Department of Economics and University of Toronto - Faculty of Law
Downloads 82 (631,885)
Citation 2

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Liberalization, Privatization, Network industries, Partisanship

33.

Cheap Friendship

54 UC Davis Law Review 2341 (2021), Arizona Legal Studies Discussion Paper No. 21-18
Number of pages: 13 Posted: 01 Oct 2021
Jane R. Bambauer, Saura Masconale and Simone M. Sepe
University of Florida Levin College of Law, The University of Arizona Department of Political Economy and Moral Science; Center for the Philosophy of Freedom and University of Toronto - Faculty of Law
Downloads 73 (674,100)

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Internet, the web, internet law and policy, Big Tech, internet content, faulty cognition, cheap speech, cheap friendship, social media, social networks, political polarization

34.

Give 'Em Enough Rope: Optimal Design of Executive Pay and Rent Extraction

89 Tex. L. Rev. See Also 143 (2011), Arizona Legal Studies Discussion Paper No. 13-08
Number of pages: 15 Posted: 11 Feb 2013
Simone M. Sepe
University of Toronto - Faculty of Law
Downloads 66 (710,852)

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executive compensation, equity issuances, executive pay, manager incentives

35.

Internet Appendix of 'Blood in the Water: The Value of Antitakeover Provisions During Market Shocks'

Number of pages: 35 Posted: 22 Dec 2021
Scott Guernsey, Simone M. Sepe and Matthew Serfling
University of Tennessee, University of Toronto - Faculty of Law and University of Tennessee
Downloads 61 (739,476)
Citation 1

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Antitakeover provisions, Market shocks, Firm value, Takeover premiums, Relationship-specific investments

36.

Incomplete Contracts and Competition - Another Look at Fisher Body/General Motors?

34 Eur. J. L. & Econ. 495 (2012)
Posted: 29 Apr 2010 Last Revised: 07 Feb 2013
Antonio Nicita and Simone M. Sepe
University of Siena - Department of Economics and University of Toronto - Faculty of Law

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incomplete contracts, competition, FIsher Body/General Motors

37.

DEREGULATING CONTRACTS

Number of pages: 45
Alan Schwartz and Simone M. Sepe
Yale Law School and University of Toronto - Faculty of Law
Downloads 0

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