John G. Matsusaka

University of Southern California - Marshall School of Business

Department of Finance & Business Economics

Los Angeles, CA 90089

United States

USC Gould School of Law

Professor of Business and Law

699 Exposition Boulevard

Los Angeles, CA 90089

United States

  • University of Southern California - Marshall School of Business

    • Email
    • Tel: 213-740-6495
    • Fax: 213-740-6650

  • USC Gould School of Law

    • Tel: 213-740-6495
SCHOLARLY PAPERS

34

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154

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58

Scholarly Papers (34)

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1.

When Are Outside Directors Effective?

Journal of Financial Economics (JFE), Forthcoming, USC CLEO Research Paper No. C07-13, Marshall School of Business Working Paper No. MKT 02-09
Number of pages: 61 Posted: 26 Mar 2008 Last Revised: 13 Nov 2013
Ran Duchin, John G. Matsusaka and Oguzhan Ozbas
Boston College - Carroll School of Management, University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 2,607 (5,386)
Citation 73

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2.

Internal Capital Markets and Corporate Refocusing

USC Finance & Business Econ. Working Paper No. 01-6
Number of pages: 53 Posted: 17 Oct 2001
John G. Matsusaka and Vikram K. Nanda
University of Southern California - Marshall School of Business and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 941 (26,879)
Citation 16

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3.

Decision Processes, Agency Problems, and Information: An Economic Analysis of Budget Procedures

Downloads 862 ( 30,498)
Citation 8

Decision Processes, Agency Problems, and Information: An Economic Analysis of Budget Procedures

Number of pages: 47 Posted: 11 Sep 2000
Anthony M. Marino and John G. Matsusaka
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business
Downloads 504 (61,367)
Citation 1

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Decision Processes, Agency Problems, and Information: An Economic Analysis of Budget Procedures

Number of pages: 47 Posted: 08 Oct 2001
Anthony M. Marino and John G. Matsusaka
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business
Downloads 358 (92,409)
Citation 9

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4.

A Theory of Shareholder Approval and Proposal Rights

AFA 2013 San Diego Meetings Paper, USC CLEO Research Paper Series No. C12-1, Marshall School of Business Working Paper No. FBE 02-12 , USC Law Legal Studies Paper No. 12-3
Number of pages: 38 Posted: 14 Jan 2012 Last Revised: 17 Jan 2017
John G. Matsusaka and Oguzhan Ozbas
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 691 (41,217)
Citation 3

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Shareholder Proposals, Director Nominations, Proxy Access, Right to Propose and Approve, Cost of Shareholder Rights

5.

Can Shareholder Proposals Hurt Shareholders? Evidence from SEC No-Action Letter Decisions

USC CLASS Research Paper No. CLASS17-4, Marshall School of Business Working Paper No. 17-7
Number of pages: 58 Posted: 08 Dec 2016 Last Revised: 20 Apr 2020
John G. Matsusaka, Oguzhan Ozbas and Irene Yi
University of Southern California - Marshall School of Business, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Toronto
Downloads 617 (47,940)
Citation 2

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6.

Opportunistic Proposals by Union Shareholders

USC CLASS Research Paper No. CLASS15-25, Marshall School of Business Working Paper No. 17-3
Number of pages: 71 Posted: 28 Sep 2015 Last Revised: 08 Jul 2018
John G. Matsusaka, Oguzhan Ozbas and Irene Yi
University of Southern California - Marshall School of Business, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Toronto
Downloads 582 (51,727)
Citation 8

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Corporate governance, shareholder proposals, unions, proxy access

7.

Fifty Years of Diversification Announcements

Number of pages: 56 Posted: 26 Nov 2003
Mehmet Akbulut and John G. Matsusaka
California State University, Fullerton - Department of Finance and University of Southern California - Marshall School of Business
Downloads 402 (81,485)
Citation 5

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Diversification, Mergers & Acquisitions, Corporate Governance,Corporate Control

8.

The Waning of Corporate Diversification

Number of pages: 47 Posted: 07 Jul 2005
Mehmet Akbulut and John G. Matsusaka
California State University, Fullerton - Department of Finance and University of Southern California - Marshall School of Business
Downloads 303 (112,087)
Citation 4

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Corporate Diversification, diversification, mergers, acquisitions, diversifying mergers, diversifying acquisitions

9.

Public Choice Principles of Redistricting

USC CLEO Paper No. C05-8, USC Law Legal Studies Paper No. 05-18
Number of pages: 32 Posted: 05 Aug 2005
John G. Matsusaka and Thomas W. Gilligan
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business
Downloads 260 (131,777)
Citation 1

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redistricting, gerrymander, public choice

10.

From Families to Formal Contracts: An Approach to Development

Number of pages: 53 Posted: 10 Aug 2004 Last Revised: 17 Nov 2013
Krishna B. Kumar and John G. Matsusaka
University of Southern California and University of Southern California - Marshall School of Business
Downloads 253 (135,422)
Citation 5

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Development, social capital, industrialization

11.

Budget Referendums and Government Spending: Evidence from Swiss Cantons

Downloads 247 (138,775)
Citation 4

Budget Referendums and Government Spending: Evidence from Swiss Cantons

Number of pages: 33 Posted: 06 Nov 2000
Lars P. Feld and John G. Matsusaka
Walter Eucken Institute and University of Southern California - Marshall School of Business
Downloads 247 (138,215)
Citation 4

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Budget referendums, initiatives, government spending

Budget Referendums and Government Spending: Evidence from Swiss Cantons

Posted: 27 Oct 2002
Lars P. Feld and John G. Matsusaka
Walter Eucken Institute and University of Southern California - Marshall School of Business

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12.

Disobedience and Authority

USC CLEO Research Paper No. C06-11
Number of pages: 53 Posted: 14 Jul 2006
John G. Matsusaka, Anthony M. Marino and Jan Zabojnik
University of Southern California - Marshall School of Business, University of Southern California - Marshall School of Business and Queen's University - Department of Economics
Downloads 236 (145,010)
Citation 5

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authority, delegation, incentives

13.

50+ Years of Diversification Announcements

Downloads 231 (146,237)
Citation 8

50+ Years of Diversification Announcements

USC CLEO Research Paper No. C08-2, Marshall School of Business Working Paper No. MKT 11-08
Number of pages: 49 Posted: 14 Jan 2008 Last Revised: 16 Nov 2013
Mehmet Akbulut and John G. Matsusaka
California State University, Fullerton - Department of Finance and University of Southern California - Marshall School of Business
Downloads 231 (147,545)
Citation 2

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Diversification, Mergers, Acquisitions, Mergers and Acquisitions, Internal Capital Markets, Corporate Diversification, Corporate Governance, Corporate Control

14.

Comments on: 'The Trouble with Instruments: Re-Examining Shock-Based IV Designs' by Atanasov and Black

Number of pages: 12 Posted: 01 Dec 2015
Ran Duchin, John G. Matsusaka and Oguzhan Ozbas
Boston College - Carroll School of Management, University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 212 (160,496)
Citation 1

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Outside directors, Boards, Instrumental Variables, Quasi experiments

15.

Aggressive Enforcement of the Single Subject Rule

Loyola-LA Legal Studies Paper No. 2010-4, USC CLEO Research Paper No. C10-3, Marshall School of Business Working Paper No. FBE 28-10
Number of pages: 43 Posted: 08 Feb 2010
John G. Matsusaka and Richard L. Hasen
University of Southern California - Marshall School of Business and University of California, Irvine School of Law
Downloads 199 (170,464)
Citation 1

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initiatives, direct democracy, single subject rule

16.

Institutions and Popular Control of Public Policy

USC CLEO Research Paper No. C06-14
Number of pages: 55 Posted: 25 Nov 2006
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 192 (176,096)
Citation 8

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Democracy, Representation, Initiatives, Courts, Election Law

17.

Direct Democracy and Social Issues

Number of pages: 40 Posted: 30 May 2007
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 175 (191,228)
Citation 6

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Direct democracy, initiative, social issues, representation

18.

Public Policy and the Initiative and Referendum: A Survey with Some New Evidence

Number of pages: 67 Posted: 14 Apr 2017 Last Revised: 06 Nov 2017
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 170 (196,052)
Citation 5

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Direct Democracy, Initiative, Referendum, Public Policy, Political Economy, Representation

19.

When Voters Regulate Business: Capture Theory in Reverse?

USC CLASS Research Paper Series No. CLASS18-14, USC Law Legal Studies Paper No. 18-16
Number of pages: 49 Posted: 11 Jun 2018 Last Revised: 04 Aug 2020
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 165 (201,104)
Citation 1

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interest groups, direct democracy, initiative and referendum, public policy, representation, state and local politics, campaign contributions

20.

Have Voter Initiatives Paralyzed the California Budget?

Number of pages: 15 Posted: 05 Dec 2003
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 123 (254,669)

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21.

When Do Legislators Follow Constituent Opinion? Evidence from Matched Roll Call and Referendum Votes

USC CLASS Research Paper No. CLASS15-18
Number of pages: 50 Posted: 31 May 2015 Last Revised: 11 Apr 2018
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 101 (292,807)
Citation 3

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Representation, legislators, citizen candidates, roll call votes, accountability

22.

A Theory of Proxy Advice when Investors Have Social Goals

USC Marshall School of Business Research Paper
Number of pages: 42 Posted: 27 Mar 2020 Last Revised: 26 Oct 2020
John G. Matsusaka and Chong Shu
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business
Downloads 98 (300,525)
Citation 1

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Proxy advice, socially responsible investing, corporate voting, shareholder rights

23.

The Effect of Forced Refocusing on the Value of Diversified Firms

USC Law Legal Studies Paper No. 14-20, USC CLASS Research Paper No. CLASS14-19
Number of pages: 35 Posted: 22 Mar 2014 Last Revised: 26 Apr 2014
John G. Matsusaka and Yongxiang Wang
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business
Downloads 64 (382,874)

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Diversification, divestiture, refocusing, internal capital markets, business groups, Chinese economy, tunneling

24.

'Responsiveness' as a Measure of Representation

USC CLASS Research Paper No. CLASS15-19
Number of pages: 31 Posted: 02 Jun 2015 Last Revised: 05 Jun 2015
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 60 (395,483)
Citation 2

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Representation, congruence, roll call votes, referendums

25.

Direct Democracy and Public Employees

Number of pages: 38 Posted: 30 May 2007
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 60 (395,483)
Citation 40

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Direct democracy, public employees, initiatives, unions

26.

Ballot Order Effects in Referendum Elections

Marshall School of Business Working Paper No. FBE 02.14, USC CLASS Research Paper No. CLASS14-4
Number of pages: 33 Posted: 13 Feb 2014 Last Revised: 06 Apr 2015
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 55 (412,542)

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Direct democracy, initiative, referendum, voting behavior, ballot propositions

27.

Some Skepticism about the ‘Separable Preferences’ Approach to the Single Subject Rule: A Comment on Cooter & Gilbert

Columbia Law Review SIDEBAR, Vol. 110, 2010, Loyola-LA Legal Studies Paper No. 2010-14, Marshall School of Business Working Paper No. FBE 10-10
Number of pages: 8 Posted: 16 Apr 2010 Last Revised: 24 Jul 2013
Richard L. Hasen and John G. Matsusaka
University of California, Irvine School of Law and University of Southern California - Marshall School of Business
Downloads 54 (415,901)

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28.

Problems with a Methodology Used to Evaluate the Voter Initiative

Number of pages: 12 Posted: 17 Oct 2001
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 54 (415,901)
Citation 6

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29.

Disentangling the Direct and Indirect Effects of the Initiative Process

Number of pages: 36 Posted: 28 Jul 2012
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 44 (453,584)
Citation 3

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30.

Corporate Diversification, Value Maximization, and Organizational Capabilities

Posted: 22 Jun 2001
John G. Matsusaka
University of Southern California - Marshall School of Business

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31.

Fiscal Policy, Legislature Size, and Political Parties: Evidence from State and Local Governments in the First Half of the 20th Century

Posted: 22 May 2001
Thomas W. Gilligan and John G. Matsusaka
University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business

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32.

Fiscal Effects of the Voter Initiative in the First Half of the Twentieth Century

Posted: 20 Jun 2000
John G. Matsusaka
University of Southern California - Marshall School of Business

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33.

Political Resource Allocation: Benefits and Costs of Voter Initiatives

Downloads 0 (739,238)

Political Resource Allocation: Benefits and Costs of Voter Initiatives

Journal of Law, Economics, and Organization, Vol. 17, No.2, pp. 413-448, 2001
Posted: 19 Jun 2001
John G. Matsusaka and Nolan McCarty
University of Southern California - Marshall School of Business and Princeton University - Woodrow Wilson School of Public and International Affairs

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Political Resource Allocation: Benefits and Costs of Voter Initiatives

Posted: 29 Jun 1998
John G. Matsusaka and Nolan McCarty
University of Southern California - Marshall School of Business and Princeton University - Woodrow Wilson School of Public and International Affairs

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34.

Did Tough Antitrust Enforcement Cause the Diversification of American Corporations?

Posted: 19 May 1998
John G. Matsusaka
University of Southern California - Marshall School of Business

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