Lucian Bebchuk and the Study of Corporate Governance

26 Pages Posted: 13 Oct 2021

See all articles by Kobi Kastiel

Kobi Kastiel

Tel Aviv University - Buchmann Faculty of Law; Harvard Law School, Program on Corporate Governance; European Corporate Governance Institute (ECGI)

Date Written: October 4, 2021


Prepared for an upcoming issue of The University of Chicago Law Review on the most-cited legal scholars, this Essay discusses Lucian Bebchuk’s fundamental contributions to the field of corporate governance, as well as his major impact on scholarship, practice, and policy. Bebchuk is the author of more than one hundred corporate law and finance articles, and is ranked by SSRN as the most-cited corporate law scholar (as well as one of the most-cited among all law professors). However, this ranking only tells part of the story; this Essay seeks to provide a fuller picture.

The first part of the Essay focuses on Bebchuk’s research contributions. I begin by surveying the broad range of corporate governance areas to which Bebchuk has made major contributions. I then identify the aspects of Bebchuk’s research that have made it so consequential, including Bebchuk’s tools and modes of analysis and some overarching themes and approaches shared by his work in disparate areas.

The second part of the Essay focuses on Bebchuk’s impact. I discuss three ways in which Bebchuk’s work has been impactful—by shaping and influencing subsequent academic research, as well as discourse among practitioners and policymakers; through his mentorship of many corporate governance scholars; and by having substantial influence on the evolution of policy and practices in the corporate field.

Keywords: Corporate governance, managers, shareholders, directors, boards, controlling shareholders, shareholder rights, management accountability, entrenchment, executive compensation, state competition, contractual freedom, corporate charters, mergers and acquisitions, takeovers, shareholder activism, short

JEL Classification: D20, G3, K22, M10, M52

Suggested Citation

Kastiel, Kobi, Lucian Bebchuk and the Study of Corporate Governance (October 4, 2021). Forthcoming, University of Chicago Law Review, Vol. 88, No. 7, 2021, Available at SSRN:

Kobi Kastiel (Contact Author)

Tel Aviv University - Buchmann Faculty of Law ( email )

Ramat Aviv
Tel Aviv, 69978

HOME PAGE: http://

Harvard Law School, Program on Corporate Governance ( email )

1575 Massachusetts
Cambridge, MA 02138
United States

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels

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