Roberta Romano

Yale Law School

Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law

P.O. Box 208215

New Haven, CT 06520-8215

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

Fellow

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.ecgi.org

  • Yale Law School

    • Email
    • Tel: 203-432-4965
    • Fax: 203-432-4871
SCHOLARLY PAPERS

41

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53,992

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497

Scholarly Papers (41)

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1.

The Sarbanes-Oxley Act and the Making of Quack Corporate Governance

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 52/2004, NYU Law and Economics Research Paper No. 04-032, Yale ICF Working Paper No. 04-37, Yale Law & Economics Research Paper No. 297
Number of pages: 240 Posted: 27 Sep 2004 Last Revised: 03 Feb 2023
Roberta Romano
Yale Law School
Downloads 13,571 (715)
Citation 211

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corporate governance, corporate law, securities regulation, Sarbanes-Oxley Act

2.

Less is More: Making Shareholder Activism a Valued Mechanism of Corporate Governance

Number of pages: 142 Posted: 22 Jun 2000
Roberta Romano
Yale Law School
Downloads 4,915 (4,095)
Citation 15

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3.

Event Studies and the Law - Part I: Technique and Corporate Litigation

Number of pages: 35 Posted: 01 May 2001
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 3,182 (8,325)
Citation 26

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4.

The Future of Financial Regulation

Yale Law & Economics Research Paper No. 386
Number of pages: 158 Posted: 06 Jun 2009 Last Revised: 16 Jun 2010
John Morley and Roberta Romano
Yale Law School and Yale Law School
Downloads 2,894 (9,622)
Citation 2

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5.

The Promise and Peril of Corporate Governance Indices

ECGI - Law Working Paper No. 89/2007, Yale Law & Economics Research Paper No. 367
Number of pages: 91 Posted: 14 Oct 2007 Last Revised: 15 Feb 2009
Sanjai Bhagat, Brian J. Bolton and Roberta Romano
University of Colorado at Boulder - Department of Finance, University of Louisiana at Lafayette and Yale Law School
Downloads 2,777 (10,299)
Citation 59

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corporate governance, corporate performance, governance indices

6.

Empirical Studies of Corporate Law

HANDBOOK OF LAW AND ECONOMICS, A. Mitchell Polinsky and Steven Shavell, Forthcoming, Yale ICF Working Paper No. 05-16, ECGI - Finance Working Paper Forthcoming, European Corporate Governance Institute (ECGI) - Law Working Paper No. 44/2005
Number of pages: 118 Posted: 27 May 2005 Last Revised: 13 Nov 2018
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 2,327 (13,688)
Citation 4

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event studies, corporate governance, empirical research in corporate law

7.

Event Studies and the Law: Part Ii - Empirical Studies Of Corporate Law

Number of pages: 39 Posted: 09 May 2001
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 2,181 (15,188)
Citation 30

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8.

Is Regulatory Competition a Problem or Irrelevant for Corporate Governance?

Downloads 1,957 (18,105)
Citation 5

Is Regulatory Competition a Problem or Irrelevant for Corporate Governance?

Yale Law & Economics Research Paper 307; Yale ICF Working Paper 05-02; NYU, Law and Economics Research Paper 04-03, European Corporate Governance Institute (ECGI) - Law Working Paper No. 26/2005
Number of pages: 52 Posted: 28 Mar 2005 Last Revised: 13 Nov 2018
Roberta Romano
Yale Law School
Downloads 1,957 (17,780)
Citation 5

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regulatory competition,corporate law,corporate governance,Sarbanes-Oxley Act

Is Regulatory Competition a Problem or Irrelevant for Corporate Governance?

Oxford Review of Economic Policy, Vol. 21, Issue 2, pp. 212-231, 2005
Posted: 29 Feb 2008
Roberta Romano
Yale Law School

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9.

Regulating in the Dark

Downloads 1,637 (23,863)
Citation 12

Regulating in the Dark

Yale Law & Economics Research Paper No. 442
Number of pages: 48 Posted: 19 Dec 2011 Last Revised: 02 Apr 2012
Roberta Romano
Yale Law School
Downloads 1,511 (26,454)
Citation 8

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financial regulation, sunset, experimentation, Sarbanes-Oxley, Dodd-Frank, Basel Accord

Regulating in the Dark

Journal of Financial Perspectives, Vol. 1, No. 1, 2013
Number of pages: 10 Posted: 08 Dec 2017
Roberta Romano
Yale Law School
Downloads 126 (485,153)
Citation 4

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10.

The Need for Competition in International Securities Regulation

Downloads 1,614 (24,323)
Citation 19

The Need for Competition in International Securities Regulation

Number of pages: 143 Posted: 06 Aug 2001
Roberta Romano
Yale Law School
Downloads 1,614 (23,904)
Citation 19

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The Need for Competition in International Securities Regulation

Posted: 18 Feb 2002
Roberta Romano
Yale Law School

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Securities regulation, regulatory competition

11.

After the Revolution in Corporate Law

ECGI - Law Working Paper No. 50/2005, Yale Law & Economics Research Paper No. 323
Number of pages: 34 Posted: 19 Oct 2005
Roberta Romano
Yale Law School
Downloads 1,529 (26,415)
Citation 3

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corporate law, legal education, corporate law centers

12.

Against Financial Regulation Harmonization: A Comment

Yale Law & Economics Research Paper No. 414
Number of pages: 21 Posted: 25 Oct 2010 Last Revised: 22 Nov 2010
Roberta Romano
Yale Law School
Downloads 1,446 (28,756)
Citation 2

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Financial Regulation, Hedge Funds, Regulatory Arbitrage

13.

Reforming Executive Compensation: Simplicity, Transparency and Committing to the Long-Term

Yale Law & Economics Research Paper No. 393
Number of pages: 32 Posted: 16 Nov 2009 Last Revised: 16 Dec 2009
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 1,391 (30,415)
Citation 25

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executive compensation, restricted stock, financial institution regulation, emergency economic stablization act

14.

Institutional Investors and Proxy Voting: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation

Yale ICF Working Paper No. 07-10, Yale Law & Economics Research Paper No. 349, European Corporate Governance Institute (ECGI) - Law Working Paper No. 83/2007
Number of pages: 52 Posted: 25 Apr 2007 Last Revised: 07 Nov 2018
Martijn Cremers and Roberta Romano
University of Notre Dame and Yale Law School
Downloads 1,381 (30,751)
Citation 3

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Proxy Voting, Mutual Funds, Institutional Investors, Disclosure

15.

Reforming Executive Compensation: Focusing and Committing to the Long-Term

Yale Law & Economics Research Paper No. 374
Number of pages: 11 Posted: 04 Feb 2009 Last Revised: 20 Nov 2009
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School
Downloads 1,163 (39,531)
Citation 6

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executive compensation, restricted stock, financial institution regulation, emergency economic stabilization act

16.

Assessing Dodd-Frank

Yale Law & Economics Research Paper No. 434
Number of pages: 150 Posted: 13 Jul 2011 Last Revised: 12 Aug 2011
Andrew Verstein and Roberta Romano
University of California, Los Angeles (UCLA) - School of Law and Yale Law School
Downloads 949 (52,716)
Citation 2

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17.

Does the Sarbanes-Oxley Act Have a Future?

Yale Law & Economics Research Paper No. 385
Number of pages: 159 Posted: 20 May 2009 Last Revised: 22 Jun 2009
Roberta Romano
Yale Law School
Downloads 931 (54,164)
Citation 7

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Sarbanes-Oxley Act, financial regulation, media, corporate governance

18.

Quack Corporate Governance

Regulation, Vol. 28, No. 4, pp. 36-44, Winter 2005
Number of pages: 9 Posted: 14 Jan 2006
Roberta Romano
Yale Law School
Downloads 913 (55,700)
Citation 3

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Corporate Governance, Sarbanes-Oxley Act, firm performance, SOA

19.

The States as a Laboratory: Legal Innovation and State Competition for Corporate Charters

ECGI - Law Working Paper No. 34/2005, Yale Law & Economics Research Paper No. #
Number of pages: 59 Posted: 19 Apr 2005
Roberta Romano
Yale Law School
Downloads 812 (65,302)
Citation 25

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Corporate law, corporate governance, legal innovation, regulatory competition

20.

The SEC's Misguided Climate Disclosure Rule Proposal

GWU Legal Studies Research Paper No. 61, 2022, GWU Law School Public Law Research Paper No. 61, 2022, Virginia Law and Economics Research Paper No. 2022-27, 41 Banking & Financial Services Policy Report 1, 2022, Northwestern Law & Econ Research Paper No. 22-17, Stanford University Graduate School of Business Research Paper No. 4256724
Number of pages: 14 Posted: 27 Oct 2022 Last Revised: 05 Jan 2023
Lawrence A. Cunningham, Stephen M. Bainbridge, Jonathan Berk, Sanjai Bhagat, Bernard S. Black, William J. Carney, David J. Denis, Diane K. Denis, Charles M. Elson, Jesse M. Fried, Sean J. Griffith, Jonathan M. Karpoff, F. Scott Kieff, Edmund W. Kitch, Kate Litvak, Julia D. Mahoney, Paul G. Mahoney, Adam C. Pritchard, Dale A. Oesterle, Roberta Romano, Christina Parajon Skinner and Todd J. Zywicki
University of Delaware, University of California, Los Angeles (UCLA) - School of Law, Stanford Graduate School of Business, University of Colorado at Boulder - Department of Finance, Northwestern University - Pritzker School of Law, Emory University School of Law, University of Pittsburgh, University of Pittsburgh - Katz School of Business, University of Delaware - John L. Weinberg Center for Corporate Governance, Harvard Law School, Fordham University School of Law, University of Washington - Michael G. Foster School of Business, George Washington University - Law School, University of Virginia School of Law, Northwestern University - Pritzker School of Law, University of Virginia School of Law, University of Virginia School of Law, University of Michigan Law School, Ohio State University (OSU) - Michael E. Moritz College of Law, Yale Law School, University of Pennsylvania - The Wharton School and George Mason University - Antonin Scalia Law School
Downloads 793 (67,466)

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SEC authority, climate disclosure, ESG, institutional investors, individual investors, information economics, government policy, financial markets, government power

21.

Does Confidential Proxy Voting Matter?

Downloads 784 (68,360)
Citation 3

Does Confidential Proxy Voting Matter?

Number of pages: 53 Posted: 01 Sep 2002
Roberta Romano
Yale Law School
Downloads 720 (75,315)
Citation 1

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Institutional Activism, Shareholder Voting, Corporate Governance

Does Confidential Proxy Voting Matter?

NBER Working Paper No. w9126
Number of pages: 53 Posted: 30 Aug 2002 Last Revised: 10 Dec 2022
Roberta Romano
Yale Law School
Downloads 64 (748,132)
Citation 2

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Does Confidential Proxy Voting Matter?

Posted: 08 Jan 2004
Roberta Romano
Yale Law School

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Corporate governance, shareholder voting, institutional activism

22.

For Diversity in the International Regulation of Financial Institutions: Critiquing and Recalibrating the Basel Architecture

Yale Law & Economics Research Paper No. 452
Number of pages: 120 Posted: 10 Aug 2012 Last Revised: 18 Mar 2024
Roberta Romano
Yale Law School
Downloads 761 (71,405)
Citation 17

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financial regulation, Basel accords, capital requirements, banking, harmonization

23.

The Market for Corporate Law Redux

Forthcoming in Francesco Parisi, ed., Oxford Handbook of Law and Economics, European Corporate Governance Institute (ECGI) - Law Working Paper No. 270/2014, Yale Law & Economics Research Paper No. 514
Number of pages: 73 Posted: 26 Oct 2014 Last Revised: 07 Nov 2014
Roberta Romano
Yale Law School
Downloads 677 (82,716)
Citation 1

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market for corporate law; state competition for corporate charters; Delaware, race to the top, race for the bottom

24.

Further Assessment of the Iron Law of Financial Regulation: A Postscript to Regulating in the Dark

European Corporate Governance Institute (ECGI) - Law Working Paper No. 273/2014, Yale Law & Economics Research Paper No. 515
Number of pages: 58 Posted: 03 Nov 2014 Last Revised: 11 Nov 2014
Roberta Romano
Yale Law School
Downloads 505 (119,647)
Citation 3

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Dodd-Frank, sunsetting, financial regulation, experimentation

25.

Getting Incentives Right: Is Deferred Bank Executive Compensation Sufficient?

European Corporate Governance Institute (ECGI) - Law Working Paper No. 241/2014, Yale Law & Economics Research Paper No. 489
Number of pages: 70 Posted: 15 Feb 2014 Last Revised: 04 Mar 2014
Sanjai Bhagat, Brian J. Bolton and Roberta Romano
University of Colorado at Boulder - Department of Finance, University of Louisiana at Lafayette and Yale Law School
Downloads 489 (124,696)
Citation 2

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executive compensation, restricted stock, financial institution regulation

26.

The Private Ordering Solution to Multiforum Shareholder Litigation

Downloads 409 (153,633)
Citation 2

The Private Ordering Solution to Multiforum Shareholder Litigation

NBER Working Paper No. w21362
Number of pages: 75 Posted: 20 Jul 2015 Last Revised: 15 May 2023
Roberta Romano and Sarath Sanga
Yale Law School and Yale University - Law School
Downloads 36 (976,450)

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The Private Ordering Solution to Multiforum Shareholder Litigation

European Corporate Governance Institute (ECGI) - Law Working Paper No. 295/2015, Yale Law & Economics Research Paper No. 524
Number of pages: 79 Posted: 30 Jun 2015 Last Revised: 06 Aug 2015
Roberta Romano and Sarath Sanga
Yale Law School and Yale University - Law School
Downloads 373 (168,724)
Citation 2

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exclusive forum clauses, multiforum litigation, shareholder litigation

27.

Enterprise Law Conference of 2014: Edited Transcript

Number of pages: 202 Posted: 26 Sep 2014
Bruce E. Aronson, Kenneth Ayotte, Takaaki Eguchi, David Gamage, Mark P. Gergen, Gen Goto, Benjamin E. Hermalin, Yohsuke Higashi, Akio Hoshi, Hidefusa Iida, Hideshi Itoh, Hideshi Itoh, Takahito Kato, Nobuo Matsuki, Manabu Matsunaka, Manabu Matsunaka, Curtis J. Milhaupt, Hiroshi Mitoma, Hideaki Miyajima, Sadakazu Osaki, J. Mark Ramseyer, Shruti Rana, Roberta Romano, Takuji Saito, Kenichi Sekiguchi, Masakazu Shirai, Zenichi Shishido, Shinjiro Takagi, Wataru Tanaka, Takashi Toichi, Hideaki Umetsu, J. H. Verkerke, Tetsuya Watanabe and Noriyuki Yanagawa
New York University School of Law, University of California, Berkeley - School of Law, Hitotsubashi University, University of Missouri School of Law, University of California, Berkeley - School of Law, University of Tokyo - Graduate School of Law and Politics, University of California, Berkeley, Independent, Gakushuin University, University of Tokyo - Faculty of Law, Waseda Business SchoolCESifo (Center for Economic Studies and Ifo Institute), University of Tokyo, Tokyo Institute of Technology, Nagoya University, Graduate School of lawNagoya University, Graduate School of law, Stanford Law School, Independent, Waseda University - Graduate School of Commerce, Nomura Institute of Capital Markets Research, Harvard Law School, University of Missouri at Columbia, Yale Law School, Waseda University, Independent, Doshisha University, Faculty of Law, Hitotsubashi University Graduate School of Law, Independent, Independent, Independent, Independent, University of Virginia School of Law, Waseda University - School of Law and University of Tokyo - Faculty of Economics
Downloads 386 (163,929)

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28.

Pitfalls of Global Harmonization of Systemic Risk Regulation in a World of Financial Innovation

Yale Law & Economics Research Paper Forthcoming
Number of pages: 29 Posted: 08 Jan 2019
Roberta Romano
Yale Law School
Downloads 321 (200,477)
Citation 1

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systemic risk regulation, financial regulation, global financial crisis, financial innovation

29.

Are There Empirical Foundations for the Iron Law of Financial Regulation?

Yale Law & Economics Research Paper Forthcoming
Number of pages: 65 Posted: 01 Feb 2023 Last Revised: 07 Nov 2023
Roberta Romano
Yale Law School
Downloads 299 (216,348)
Citation 1

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financial regulation, financial crises, financial legislation, banking, political economy

30.

Challenges in Global Financial Services

Yale Law & Economics Research Paper No. 486
Number of pages: 142 Posted: 25 Jan 2014 Last Revised: 03 Nov 2014
Érica Gorga, Érica Gorga, Roberta Romano and Natalya Shnitser
Yale University - Center for the Study of Corporate LawSão Paulo Law School of Fundação Getulio Vargas FGV DIREITO SP, Yale Law School and Boston College - Law School
Downloads 296 (218,666)

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31.

Sunsetting as an Adaptive Strategy

Yale Law School, Public Law Research Paper Forthcoming
Number of pages: 23 Posted: 25 Aug 2020 Last Revised: 06 Oct 2023
Roberta Romano and Simon Levin
Yale Law School and Princeton University - Department of Ecology and Evolutionary Biology
Downloads 214 (302,268)
Citation 2

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financial crises, banking regulation, evolutionary biology, sunsetting

32.

Does Agency Structure Affect Agency Decisionmaking? Implications of the CFPB's Design for Administrative Governance

European Corporate Governance Institute (ECGI) - Law Working Paper No. 380/2018, Yale Law & Economics Research Paper No. 589
Number of pages: 120 Posted: 09 Jan 2018 Last Revised: 08 Apr 2024
Roberta Romano
Yale Law School
Downloads 204 (316,320)

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administrative rulemaking, CFPB, congressional control over independent agencies

33.

Institutional Investors and Proxy Voting on Compensation Plans: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation

NBER Working Paper No. w15449
Number of pages: 47 Posted: 03 Nov 2009 Last Revised: 20 Mar 2022
Martijn Cremers and Roberta Romano
University of Notre Dame and Yale Law School
Downloads 126 (476,984)
Citation 6

Abstract:

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34.

The Uncertain Future of the Sarbanes-Oxley Act

3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 116 Posted: 14 Apr 2008
Roberta Romano
Yale Law School
Downloads 84 (632,678)

Abstract:

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35.

Online Appendix for 'Are There Empirical Foundations for the Iron Law of Regulation?'

Yale Law & Economics Research Paper No. forthcoming
Number of pages: 87 Posted: 01 Feb 2023 Last Revised: 13 Oct 2024
Roberta Romano
Yale Law School
Downloads 74 (679,928)

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financial regulation, financial crises, financial legislation, banking, political economy

36.

Event Studies and the Law: Part Ii: Empirical Studies of Corporate Law

Downloads 0 (1,322,096)

Event Studies and the Law: Part Ii: Empirical Studies of Corporate Law

American Law and Economics Review, Vol. 4, No. 2, pp. 380-423, 2002
Posted: 29 Feb 2008
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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Event Studies and the Law - Part Ii: Empirical Studies of Corporate Law

Posted: 25 Sep 2002
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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corporate law, corporate governance, event studies

37.

Event Studies and the Law: Part I: Technique and Corporate Litigation

Downloads 0 (1,322,096)

Event Studies and the Law: Part I: Technique and Corporate Litigation

American Law and Economics Review, Vol. 4, No. 1, pp. 141-168, 2002
Posted: 29 Feb 2008
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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Event Studies and the Law - Part I: Technique and Corporate Litigation

Posted: 18 Feb 2002
Sanjai Bhagat and Roberta Romano
University of Colorado at Boulder - Department of Finance and Yale Law School

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Institutional investors, corporate governance, shareholder activism

39.

Empowering Investors: A Market Approach to Securities Regulation

Posted: 18 Sep 1998
Roberta Romano
Yale Law School

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40.

Regulation of Derivatives

The New Palgrave Dictionary of Economics and the Law, 1998.
Posted: 20 Jul 1998
Roberta Romano
Yale Law School

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41.

Corporate Law and Corporate Governance

Industrial and Corporate Change, vol.5, no. 3 (1996) (Oxford University Press).
Posted: 07 May 1998
Roberta Romano
Yale Law School

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