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

SCHOLARLY PAPERS

39

DOWNLOADS
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Top 5,701

in Total Papers Downloads

12,540

SSRN CITATIONS
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SSRN RANKINGS

Top 5,097

in Total Papers Citations

259

CROSSREF CITATIONS

59

Scholarly Papers (39)

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 2,788 (7,988)
Citation 138

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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 964 (40,324)
Citation 25

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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 526 (88,368)
Citation 2

Abstract:

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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 387 (127,341)
Citation 10

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4.

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 831 (49,546)
Citation 2

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5.

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 740 (57,929)
Citation 4

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

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 662 (66,969)
Citation 9

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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 475 (101,188)

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Diversification, Mergers & Acquisitions, Corporate Governance,Corporate Control

8.

A Theory of Proxy Advice when Investors Have Social Goals

USC Marshall School of Business Research Paper
Number of pages: 52 Posted: 27 Mar 2020 Last Revised: 07 Apr 2021
John G. Matsusaka and Chong Shu
University of Southern California - Marshall School of Business and University of Utah - David Eccles School of Business
Downloads 382 (130,750)
Citation 2

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

9.

Does Proxy Advice Allow Funds to Cast Informed Votes?

USC CLASS Research Paper No. CLASS21-37, USC Law Legal Studies Paper No. 21-37, USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming
Number of pages: 45 Posted: 15 Jun 2021 Last Revised: 25 Oct 2022
John G. Matsusaka and Chong Shu
University of Southern California - Marshall School of Business and University of Utah - David Eccles School of Business
Downloads 348 (144,506)

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Proxy voting, proxy advice, corporate governance, shareholder rights

10.

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 340 (148,176)
Citation 4

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

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 289 (174,924)
Citation 14

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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.

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 284 (179,152)
Citation 3

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redistricting, gerrymander, public choice

13.

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 278 (183,077)
Citation 1

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Outside directors, Boards, Instrumental Variables, Quasi experiments

14.

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 278 (183,077)
Citation 5

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Development, social capital, industrialization

15.

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 263 (193,625)
Citation 7

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authority, delegation, incentives

16.

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: 25 Oct 2022
Mehmet Akbulut and John G. Matsusaka
California State University, Fullerton - Department of Finance and University of Southern California - Marshall School of Business
Downloads 252 (202,008)
Citation 2

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

17.

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 UCLA School of Law
Downloads 251 (202,791)
Citation 2

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initiatives, direct democracy, single subject rule

18.

Is Direct Democracy Good or Bad for Corporations and Unions?

USC CLASS Research Paper Series No. CLASS18-14, USC Law Legal Studies Paper No. 18-16
Number of pages: 44 Posted: 11 Jun 2018 Last Revised: 14 Jun 2022
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 243 (209,230)
Citation 2

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

19.

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 228 (222,621)
Citation 5

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

20.

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 215 (235,277)
Citation 9

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Democracy, Representation, Initiatives, Courts, Election Law

21.

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 209 (241,431)
Citation 7

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Direct democracy, initiative, social issues, representation

22.

When Do Legislators Represent Their Constituents? Evidence from Roll-Call and Referendum Votes

USC CLASS Research Paper No. CLASS15-18
Number of pages: 39 Posted: 31 May 2015 Last Revised: 22 Jul 2022
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 198 (253,713)
Citation 4

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Representation, legislators, roll-call votes, accountability, referendums

23.

Street-Level Responsiveness of City Governments in China, Germany, and the United States

USC CLASS Research Paper No. CLASS21-46, USC Law Legal Studies Paper No. 21-46
Number of pages: 40 Posted: 21 Aug 2021 Last Revised: 07 Nov 2022
Ekkehard A. Koehler, John G. Matsusaka and Yanhui Wu
University of Siegen - Department of Economics, University of Southern California - Marshall School of Business and University of Hong Kong
Downloads 170 (290,274)

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Responsiveness, bureaucracy, democracy, autocracy, environment, discrimination, China, Germany

24.

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 146 (329,483)

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25.

'Congruence' and 'Responsiveness' in the Study of Representation

USC CLASS Research Paper No. CLASS15-19
Number of pages: 20 Posted: 02 Jun 2015 Last Revised: 18 Jan 2022
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 129 (362,736)
Citation 2

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Representation, congruence, roll-call votes, referendums

26.

The Common Good and Voter Polarization

USC CLASS Research Paper No. CLASS21-38, USC Law Legal Studies Paper No. 21-38
Number of pages: 61 Posted: 29 Jun 2021 Last Revised: 05 Aug 2022
John G. Matsusaka and Chad Kendall
University of Southern California - Marshall School of Business and University of Southern California
Downloads 113 (399,846)

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Voting, polarization, voter preferences, referendums, common values, valence, elections

27.

Direct Democracy Backsliding? Quantifying the Prevalence and Investigating Causes 1960-2022

Number of pages: 39 Posted: 01 Aug 2023
John G. Matsusaka
University of Southern California - Marshall School of Business
Downloads 95 (451,025)
Citation 1

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Direct democracy, initiatives and references, backsliding, state legislatures

28.

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 85 (483,638)

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

29.

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 79 (505,046)
Citation 1

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

30.

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 79 (505,046)
Citation 42

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Direct democracy, public employees, initiatives, unions

31.

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
UCLA School of Law and University of Southern California - Marshall School of Business
Downloads 78 (508,761)

Abstract:

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32.

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 69 (544,793)
Citation 6

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33.

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 63 (571,281)
Citation 1

Abstract:

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34.

Robo-Voting: Does Delegated Proxy Voting Pose a Challenge for Shareholder Democracy?

Number of pages: 32
John G. Matsusaka and Chong Shu
University of Southern California - Marshall School of Business and University of Utah - David Eccles School of Business
Downloads 3

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Corporate governance, proxy voting, robo-voting, proxy advisor, shareholder democracy

35.

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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36.

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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37.

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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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 - Princeton 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 - Princeton School of Public and International Affairs

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39.

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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