Working Papers
2011
Staggered Boards and the Wealth of Shareholders:
Evidence from Two Natural Experiments
(with Alma Cohen and Charles C.Y. Wang)
Harvard Law School Olin Discussion Paper No. 697, June 2011.
Articles about the study in New York Times DealBook and Thomson Reuters2010
Golden Parachutes and the Wealth of Shareholders
(with Alma Cohen and Charles C.Y. Wang)
Harvard Law School Olin Discussion Paper No. 683, December 2010.
Article about the study in U.S News and World ReportThe Harvard Law School Proxy Access Roundtable
(Lucian Bebchuk and Scott Hirst, editors)
Harvard Law School Olin Discussion Paper No. 661, January 2010.2008
Unfreezing Credit Markets
Harvard Law and Economics Discussion Paper No. 622, December 2008.
Interview about this paper with WSJ onlineA Plan for Addressing the Financial Crisis
Harvard Law School Olin Discussion Paper No. 620, September 2008.2007
CEO Centrality
(with Martijn Cremers and Urs Peyer)
Harvard Law School Olin Discussion Paper No. 601, November 2007.2006
Pay Distribution in the Top Executive Team
(with Martijn Cremers & Urs Peyer)
Harvard Law School Olin Discussion Paper No. 574, December 2006.
Noted in Forbes, Mar 12, 2007.Lucky Directors
(with Yaniv Grinstein & Urs Peyer)
Harvard Law School Olin Discussion Paper No. 573, December 2006.
Articles about the study in Social Funds, The Guardian, Associated Press, New York Times, Wall Street Journal, Washington Post, Financial Times, Investment News, Securities Law360, Red Herring, and Los Angeles Times.
Noted in USA Today, Mar 29, 2007, Forbes, Dec 18, 2006, MSNBC, Dec 18, 2006, and Houston Chronicle, Dec 18, 2006.
Powerpoint presentationLucky CEOs
(with Yaniv Grinstein & Urs Peyer)
Harvard Law School Olin Discussion Paper No. 566, November 2006.
Articles about the study in Social Funds, Atlanta Journal-Constitution, Associated Press, Boston Globe, New York Times, Wall Street Journal, Washington Post, Financial Times, and Los Angeles Times.
Noted in Financial Times, Dec 10, 2006, Investment News, Nov 27, 2006, The Independent, Nov 18, 2006, Houston Chronicle, Dec 14, 2006, and Houston Chronicle, Dec 9, 2006.On the Validity of Poison Pill By-laws
(with Jay W. Eisenhofer, Stuart M. Grant, Michael J. Barry, and P. Bradford deLeeuw)
Working Draft, June 2006.Placing Election Bylaws on the Corporate Ballot
(with Allen Ferrell, Reinier Kraakman, Mark Roe, and Guhan Subramanian)2005
Firm Expansion and CEO Pay
(with Yaniv Grinstein)
Harvard Law School Olin Discussion Paper No. 533, November 2005A Political Economy Model of Investor Protection
(with Zvika Neeman)
Incomplete Working Draft, July 2005.2003
Symposium on Corporate Elections
(Lucian Bebchuk, editor), 11/2003
Harvard Law School Olin Discussion Paper No. 448, November 20032002
Misreporting Corporate Performance
(with Oren Bar-Gill)
Working Paper, November 2002.Asymmetric Information and the Choice of Corporate Governance Arrangements
Working Paper, October 2002Executive Compensation in America: Optimal Contracting or Extraction of Rents?
(with Jesse Fried and David Walker)
Harvard Olin Discussion Paper No. 366
Revised as "Managerial Power and Rent Extraction in the Design of Executive Compensation" (2002)2001
Ex Ante Investments and Ex Post Externalities
Working Paper, December 2001Takeover Bids vs. Proxy Fights in Contests for Corporate Control
(with Oliver Hart)
Harvard Olin Discussion Paper No. 336 (2001)
NBER Working Paper No.86331999
A Rent Protection Theory of Corporate Ownership and Control
NBER Working Paper No. 7203 (1999)
You can also visit the website of my book:
Pay without Performance: The Unfulfilled Promise of Executive Compensation
(with Jesse Fried)
Harvard University Press
