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

IAST - Fondation Jean-Jacques Laffont - TSE

21 allée de Brienne

31015 Toulouse Cedex 6

Toulouse Cedex, F-31042

France

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 2,670

SSRN RANKINGS

Top 2,670

in Total Papers Downloads

12,964

CITATIONS
Rank 28,754

SSRN RANKINGS

Top 28,754

in Total Papers Citations

8

Scholarly Papers (29)

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 2,421 (5,044)
Citation 2

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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 1,988 (7,051)
Citation 1

Abstract:

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

3.

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 1,311 (13,951)

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contract law, good faith, incomplete contracts

4.

Hedge Fund Activism, Firm Valuation and Stock Returns

Number of pages: 95 Posted: 24 Nov 2015 Last Revised: 20 Dec 2018
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 Finance, University of International Business and Economics
Downloads 1,260 (14,792)

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

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 872 (25,698)
Citation 1

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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 711 (34,064)
Citation 1

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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, University of Chicago - Law School and University of Arizona - James E. Rogers College of Law
Downloads 508 (52,923)

Abstract:

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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 407 (69,556)

Abstract:

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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 362 (79,795)

Abstract:

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

10.

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 327 (89,596)

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

11.

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 307 (96,039)
Citation 1

Abstract:

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

12.

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 272 (109,422)

Abstract:

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

13.

Shareholder Collaboration

Texas Law Review (2019 Forthcoming), 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: 62 Posted: 07 Aug 2018 Last Revised: 19 Mar 2019
Jill E. Fisch and Simone M. Sepe
University of Pennsylvania Law School - Institute for Law and Economics and University of Arizona - James E. Rogers College of Law
Downloads 271 (109,796)

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

14.

Shadow Pills and Long-Term Firm Value

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 595/2019
Number of pages: 109 Posted: 22 Nov 2017 Last Revised: 13 Feb 2019
University of Notre Dame, University of Cambridge - Judge Business School, University of Oklahoma - Michael F. Price College of Business and University of Arizona - James E. Rogers College of Law
Downloads 257 (116,027)

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poison pill, shadow pill, antitakeover statutes, firm value, bonding hypothesis, innovation

15.

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 University of Chicago - Law School
Downloads 253 (117,961)

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social contract, rule of law, urban infrastructure, austerity

16.

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 243 (122,874)
Citation 1

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Corporate Governance, Common Agency, Hybrid Securities, Fiduciary Duties

17.

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 193 (153,403)

Abstract:

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

18.

Stakeholder Orientation and Firm Value

Number of pages: 56 Posted: 27 Dec 2018 Last Revised: 02 Apr 2019
Martijn Cremers, Scott B. Guernsey and Simone M. Sepe
University of Notre Dame, University of Cambridge - Judge Business School and University of Arizona - James E. Rogers College of Law
Downloads 185 (159,342)

Abstract:

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directors’ duties statutes, stakeholder orientation, firm value, antitakeover statutes, bonding hypothesis, stakeholder relationships, endogenous risks, innovation

19.

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 156 (184,907)

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

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 150 (191,109)

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

21.

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 134 (209,357)

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

22.

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 80 (298,365)

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

23.

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 79 (300,591)

Abstract:

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staggered board, firm value, stakeholder relationships, innovation

24.

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 Law School and University of Arizona - James E. Rogers College of Law
Downloads 72 (319,619)

Abstract:

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corporate governance, theory of the firm, management agency costs

25.

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, University of Chicago - Law School and University of Arizona - James E. Rogers College of Law
Downloads 63 (340,452)

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

26.

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 38 (422,734)
Citation 1

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Liberalization, Privatization, Network industries, Partisanship

27.

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 35 (434,850)

Abstract:

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executive compensation, equity issuances, executive pay, manager incentives

28.

Internet Appendix Tables of 'Stakeholder Orientation and Firm Value'

Number of pages: 40 Posted: 02 May 2019
Martijn Cremers, Scott B. Guernsey and Simone M. Sepe
University of Notre Dame, University of Cambridge - Judge Business School and University of Arizona - James E. Rogers College of Law
Downloads 9 (573,566)

Abstract:

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directors’ duties statutes, stakeholder orientation, firm value, antitakeover statutes, bonding hypothesis, stakeholder relationships, endogenous risks, innovation

29.

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