NBER Working Papers by Lucian A. Bebchuk

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Working Papers

June 2011Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments
with Alma Cohen, Charles C.Y. Wang: w17127
May 2010Self-Fulfilling Credit Market Freezes
with Itay Goldstein: w16031
April 2010Learning and the Disappearing Association Between Governance and Returns
with Alma Cohen, Charles C.Y. Wang: w15912
November 2009The State of Corporate Governance Research
with Michael S. Weisbach: w15537
December 2007CEO Centrality
with Martijn Cremers, Urs Peyer: w13701
Investor Protection and Interest Group Politics
with Zvika Neeman: w13702
July 2007Consent and Exchange
with Oren Bar-Gill: w13267
December 2006Lucky Directors
with Yaniv Grinstein, Urs Peyer: w12811
Lucky CEOs
with Yaniv Grinstein, Urs Peyer: w12771
December 2005Executive Pensions
with Robert J. Jackson, Jr.: w11907
Firm Expansion and CEO Pay
with Yaniv Grinstein: w11886
June 2005The Growth of Executive Pay
with Yaniv Grinstein: w11443
September 2004Stealth Compensation Via Retirement Benefits
with Lucian Arye Bebchuk, Jesse M. Fried: w10742
June 2004The Costs of Entrenched Boards
with Alma Cohen: w10587
December 2003Why Firms Adopt Antitakeover Arrangements
July 2003Executive Compensation as an Agency Problem
with Jesse M. Fried: w9813
December 2002Does the Evidence Favor State Competition in Corporate Law?
with Alma Cohen, Allen Ferrell: w9380
September 2002The Market for Corporate Law
with Oren Bar-Gill, Michal Barzuza: w9156
August 2002Firms' Decisions Where to Incorporate
with Alma Cohen: w9107
July 2002The Case Against Board Veto in Corporate Takeovers
Managerial Power and Rent Extraction in the Design of Executive Compensation
with Jesse M. Fried, David I. Walker: w9068
May 2002The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
with John C. Coates IV, Guhan Subramanian: w8974
January 2002Optimal Defaults for Corporate Law Evolution
with Assaf Hamdani: w8703
December 2001Executive Compensation in America: Optimal Contracting or Extraction of Rents?
with Jesse M. Fried, David I. Walker: w8661
Takeover bids vs. Proxy Fights in Contests for Corporate Control
with Oliver Hart: w8633
July 2001Ex Ante Costs of Violating Absolute Priority in Bankruptcy
May 2001A New Approach to Valuing Secured Claims in Bankruptcy
with Jesse M. Fried: w8276
April 2001Pre-Contractual Reliance
with Omri Ben-Shahar: w8235
March 2001A New Approach to Takeover Law and Regulatory Competition
with Allen Ferrell: w8148
January 2001The Overlooked Corporate Finance Problems of a Microsoft Breakup
with David I. Walker: w8089
June 2000Federalism and Takeover Law: The Race to Protect Managers from Takeovers
with Allen Ferrell: w7232
May 2000The Effect of Offer-of-Settlement Rules on the Terms of Settlement
with Howard F. Chang: w6509
April 2000Managerial Value Diversion and Shareholder Wealth
with Christine Jolls: w6919
March 2000An Economic Analysis of Transnational Bankruptcies
with Andrew T. Guzman: w6521
Using Options to Divide Value in Corporate Bankruptcy
July 1999A Rent-Protection Theory of Corporate Ownership and Control
May 1999Reconsidering Contractual Liability and the Incentive to Reveal Information
with Steven Shavell: w7106
February 1999The 'Lemons Effect' in Corporate Freeze-Outs
with Marcel Kahan: w6938
Stock Pyramids, Cross-Ownership, and the Dual Class Equity: The Creation and Agency Costs of Seperating Control from Cash Flow Rights
with Reinier Kraakman, George Triantis: w6951
March 1998The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics
with Jesse Fried: w6472
Chapter 11
Negative Expected Value Suits
May 1996Corporate Ownership Structures: Private versus Social Optimality
with Luigi Zingales: w5584
July 1994Efficient and Inefficient Sales of Corporate Control
May 1994Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects
with Lars A. Stole: t0098
An Analysis of Fee-Shifting Based on the Margin of Victory: On FrivolousSuits, Meritorious Suits and the Role of Rule 11
with Howard F. Chang: w4731
May 1992Optimal Sanctions When the Probability of Apprehension Varies Among Individuals
with Louis Kaplow: w4078
Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
with Louis Kaplow: w4079
May 1991Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale
with Steven Shavell: w3696
February 1991The Effect of Insider Trading on Insiders' Reaction to Opportunities to "Waste" Corporate Value
with Chaim Fershtman: t0095
The Effects of Insider Trading on Insiders' Choice Among Risky Investment Projects
with Chaim Fershtman: t0096
Bargaining and the Division of Value in Corporate Reorganization
with Howard F. Chang: t0097
February 1988Takeover Bids below the Expected Value of Minority Shares
1987Suing Solely to Extract a Settlement Offer

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