Simone M. Sepe

University of Arizona - James E. Rogers College of Law

Professor of Law

P.O. Box 210176

Tucson, AZ 85721-0176

United States

University of Toulouse 1 - Université Toulouse 1 Capitole

2 Rue du Doyen-Gabriel-Marty

Toulouse, 31042

France

Toulouse School of Economics

21 allée de Brienne

31015 Toulouse Cedex 6

Toulouse Cedex, F-31042

France

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 2,606

SSRN RANKINGS

Top 2,606

in Total Papers Downloads

14,560

SSRN CITATIONS
Rank 13,866

SSRN RANKINGS

Top 13,866

in Total Papers Citations

23

CROSSREF CITATIONS

52

Scholarly Papers (31)

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 Arizona - James E. Rogers College of Law
Downloads 2,556 (5,405)
Citation 16

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

2.

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
University of Oklahoma - Michael F. Price College of Business, University of Arizona - James E. Rogers College of Law and Cornell Law School
Downloads 2,031 (7,945)
Citation 17

Abstract:

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

3.

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 Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 1,449 (13,726)
Citation 12

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

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 Arizona - James E. Rogers College of Law
Downloads 1,354 (15,232)
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 Arizona - James E. Rogers College of Law
Downloads 922 (27,021)

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

6.

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 Arizona - James E. Rogers College of Law
Downloads 724 (37,791)

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Dodd-Frank Act, Executive Compensation, Manager Employment Contracts

7.

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 Unibversity of Arizona Center for the Philosophy of Freedom and University of Arizona - James E. Rogers College of Law
Downloads 564 (52,527)
Citation 1

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

8.

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 Arizona - James E. Rogers College of Law
Downloads 428 (73,976)
Citation 5

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

9.

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 Arizona - James E. Rogers College of Law
Downloads 420 (75,695)
Citation 2

Abstract:

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

10.

Stakeholder Orientation and Firm Value

Number of pages: 58 Posted: 27 Dec 2018 Last Revised: 30 Dec 2019
Martijn Cremers, Scott B. Guernsey and Simone M. Sepe
University of Notre Dame, University of Tennessee - Department of Finance and University of Arizona - James E. Rogers College of Law
Downloads 393 (81,754)

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Stakeholder orientation, antitakeover statutes, firm value, bonding

11.

Shadow Pills, Pill Policy, and Firm Value

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 595/2019
Number of pages: 91 Posted: 22 Nov 2017 Last Revised: 23 Jul 2020
University of Notre Dame, University of Tennessee - Department of Finance, University of Oklahoma - Michael F. Price College of Business and University of Arizona - James E. Rogers College of Law
Downloads 370 (87,705)

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Poison pill, antitakeover statutes, shadow pill, firm value, bonding, bargaining power

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 Law School - Institute for Law and Economics, European Corporate Governance Institute and University of Arizona - James E. Rogers College of Law
Downloads 359 (90,790)
Citation 1

Abstract:

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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 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 Arizona - James E. Rogers College of Law
Downloads 343 (95,588)
Citation 3

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

14.

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 Arizona - James E. Rogers College of Law
Downloads 313 (105,741)

Abstract:

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

15.

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 Arizona - James E. Rogers College of Law
Downloads 282 (118,390)

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

16.

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 Arizona - James E. Rogers College of Law and The Unibversity of Arizona Center for the Philosophy of Freedom
Downloads 269 (124,322)

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social contract, rule of law, urban infrastructure, austerity

17.

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 Arizona - James E. Rogers College of Law
Downloads 258 (129,915)

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Corporate Governance, Common Agency, Hybrid Securities, Fiduciary Duties

18.

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 Arizona - James E. Rogers College of Law
Downloads 219 (152,615)

Abstract:

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

19.

Corporate Law and the Myth of Efficient Market Control

Cornell Law Review, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 19-21
Number of pages: 49 Posted: 10 May 2019
William W. Bratton and Simone M. Sepe
University of Pennsylvania Carey Law School and University of Arizona - James E. Rogers College of Law
Downloads 206 (161,576)

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corporate governance, theory of the firm, management agency costs

20.

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 Arizona - James E. Rogers College of Law
Downloads 166 (196,039)
Citation 1

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

21.

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 Arizona - James E. Rogers College of Law
Downloads 160 (202,271)

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

22.

Hedge Fund Activists: Value Creators or Good Stock Pickers?

Number of pages: 55 Posted: 23 Jun 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 Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 158 (204,383)

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hedge funds, stock pickers, timing skills

23.

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 Arizona - James E. Rogers College of Law and Cornell Law School
Downloads 146 (218,260)

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

24.

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
University of Tennessee - Department of Finance, The Unibversity of Arizona Center for the Philosophy of Freedom, University of Arizona - James E. Rogers College of Law and Cornell Law School
Downloads 98 (292,712)

Abstract:

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

25.

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 Arizona - James E. Rogers College of Law
Downloads 98 (292,712)
Citation 2

Abstract:

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staggered board, firm value, stakeholder relationships, innovation

26.

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 Arizona - James E. Rogers College of Law
Downloads 86 (317,967)

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

27.

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 Unibversity of Arizona Center for the Philosophy of Freedom and University of Arizona - James E. Rogers College of Law
Downloads 70 (358,299)

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

28.

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 Arizona - James E. Rogers College of Law
Downloads 44 (444,840)
Citation 2

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Liberalization, Privatization, Network industries, Partisanship

29.

Internet Appendix of 'Stakeholder Orientation and Firm Value'

Number of pages: 20 Posted: 02 May 2019 Last Revised: 30 Dec 2019
Martijn Cremers, Scott B. Guernsey and Simone M. Sepe
University of Notre Dame, University of Tennessee - Department of Finance and University of Arizona - James E. Rogers College of Law
Downloads 37 (474,481)

Abstract:

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Stakeholder orientation, antitakeover statutes, firm value, bonding

30.

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 Arizona - James E. Rogers College of Law
Downloads 37 (474,481)

Abstract:

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executive compensation, equity issuances, executive pay, manager incentives

31.

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 Arizona - James E. Rogers College of Law

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incomplete contracts, competition, FIsher Body/General Motors