NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Lucian A. Bebchuk

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

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

Published: “Self - Fulfilling Credit Market Freezes,” 24 Review of Financial Studies 3519 - 3555 (2011) 24242321 . (with Itay Goldstein)

April 2010Learning and the Disappearing Association Between Governance and Returns
with Alma Cohen, Charles C.Y. Wang: w15912

Published: Learning and the Disappearing Association between Governance and Returns (with Alma Cohen and Charles C.Y. Wang) 108 Journal of Financial Economics 323-348 (2013).

November 2009The State of Corporate Governance Research
with Michael S. Weisbach: w15537

Published:

December 2007CEO Centrality
with Martijn Cremers, Urs Peyer: w13701

Published: Journal of Financial Economics Volume 102, Issue 1, October 2011, Pages 199–221 Cover image The CEO pay slice ☆ Lucian A. Bebchuka, b, K.J. Martijn Cremersc, Urs C. Peyerd,

Investor Protection and Interest Group Politics
with Zvika Neeman: w13702

Published:

July 2007Consent and Exchange
with Oren Bar-Gill: w13267

Published: Bar-Gill, Oren and Bebchuk, Lucian A., Consent and Exchange (2007). Harvard Law and Economics Discussion Paper No. 590; Journal of Legal Studies, Vol. 39, pp. 375-397, 2010

December 2006Lucky Directors
with Yaniv Grinstein, Urs Peyer: w12811

Published: Bebchuk, Lucian, Yaniv Grinstein, and Urs Peyer. “Lucky CEOs and Lucky Directors." Journal of Finance 65, 6 (2010): 2363-2401.

Lucky CEOs
with Yaniv Grinstein, Urs Peyer: w12771

Published: Bebchuk, Lucian, Yaniv Grinstein, and Urs Peyer. “Lucky CEOs and Lucky Directors." Journal of Finance 65, 6 (2010): 2363-2401.

December 2005Executive Pensions
with Robert J. Jackson, Jr.: w11907

Published: Bebchuk, Lucian and Robert Jackson. “Executive Pensions.” Journal of Corporation Law 30 (2005): 823-855.

Firm Expansion and CEO Pay
with Yaniv Grinstein: w11886
June 2005The Growth of Executive Pay
with Yaniv Grinstein: w11443

Published: Bebchuk, Lucian A. and Yaniv Grinstein. “The Growth of Executive Pay.” Oxford Review of Economic Policy 21 (2005): 283-303. citation courtesy of

September 2004Stealth Compensation Via Retirement Benefits
with Lucian Arye Bebchuk, Jesse M. Fried: w10742

Published: Bebchuk, Lucian Arye and Jesse Fried. “Stealth Compensation via Retirement Benefits.” 1 Berkeley Business Law Journal (2004): 291-326.

June 2004The Costs of Entrenched Boards
with Alma Cohen: w10587

Published: Bebchuk, Lucian A. and Alma Cohen. "The Costs Of Entrenched Boards," Journal of Financial Economics, 2005, v78(2,Nov), 409-433. citation courtesy of

December 2003Why Firms Adopt Antitakeover Arrangements
w10190

Published: Bebchuk, Lucian A. “Why Firms Adopt Antitakeover Arrangements." University of Pennsylvania Law Review 152 (2003): 713-753.

July 2003Executive Compensation as an Agency Problem
with Jesse M. Fried: w9813

Published: Bebchuk, Lucian Arye and Jesse M. Fried. "Executive Compensation As An Agency Problem," Journal of Economic Perspectives, 2003, v17(3,Summer), 71-92. citation courtesy of

December 2002Does the Evidence Favor State Competition in Corporate Law?
with Alma Cohen, Allen Ferrell: w9380

Published: Bebchuk, Lucian, Alma Cohen and Allen Ferrell. "Does the Evidence Favor State Competition in Corporate Law?" California Law Review 90, 6 (Dec., 2002): 1775-1821.

September 2002The Market for Corporate Law
with Oren Bar-Gill, Michal Barzuza: w9156

Published: Oren Bar-Gill & Michal Barzuza & Lucian Bebchuk, 2006. "The Market for Corporate Law," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 162(1), pages 134-160, March. citation courtesy of

August 2002Firms' Decisions Where to Incorporate
with Alma Cohen: w9107

Published: Bebchuk, Lucian and Alma Cohen. “Firms’ Decisions Where to Incorporate." Journal of Law and Economics 46 (2003): 383-425. citation courtesy of

July 2002The Case Against Board Veto in Corporate Takeovers
w9078

Published: Bebchuk, Lucian Arye. 58. “The Case Against Board Veto in Corporate Takeovers." University of Chicago Law Review 69 (2002): 973-1035.

Managerial Power and Rent Extraction in the Design of Executive Compensation
with Jesse M. Fried, David I. Walker: w9068

Published: Bebchuk, Lucian Arye, Jesse Fried and David Walker. “Managerial Power and Rent Extraction in the Design of Executive Compensation." University of Chicago Law Review 69 (2002): 751-846.

May 2002The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
with John C. Coates IV, Guhan Subramanian: w8974

Published: Bebchuk, Lucian, John Coates, Guhan Subramanian. "The Powerful Antitakeover Force of Staggered Boards: Further Findings and a Reply to Symposium Participants." Stanford Law Review 55 (2002): 885-917.

January 2002Optimal Defaults for Corporate Law Evolution
with Assaf Hamdani: w8703

Published: Bebchuk, Lucian Arye and Assaf Hamdani. "Optimal Defaults for Corporate Law Evolution." Northwestern Law Review 96 (2002): 489-520.

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
w8388

Published: Bebchuk, Lucian Arye. "Ex Ante Costs Of Violating Absolute Priority In Bankruptcy," Journal of Finance, 2002, v57(1,Feb), 445-460. citation courtesy of

May 2001A New Approach to Valuing Secured Claims in Bankruptcy
with Jesse M. Fried: w8276

Published: "A New Approach to Valuing Secured Claims in Bankruptcy" Harvard Law Review , Vol. 114, pp. 2386-2436 (2001).

April 2001Pre-Contractual Reliance
with Omri Ben-Shahar: w8235

Published: "Pre-Contractual Reliance" Journal of Legal Studies, Vol. 30, pp. 423-457, June 2001. citation courtesy of

March 2001A New Approach to Takeover Law and Regulatory Competition
with Allen Ferrell: w8148

Published: "A New Approach to Takeover Law and Regulatory Competition" Virginia Law Review, Vol. 87, No. 1, pp. 111-164 (2001).

January 2001The Overlooked Corporate Finance Problems of a Microsoft Breakup
with David I. Walker: w8089

Published: "The Overlooked Corporate Finance Problems of a Microsoft Breakup" The Business Lawyer, Vol. 56, No. 2, pp. 459-481 (2001).

June 2000Federalism and Takeover Law: The Race to Protect Managers from Takeovers
with Allen Ferrell: w7232

Published: "Federalism and Corportate Law: The Race to Protect Managers from Takovers." Columbia Law Review, vol. 99, no.5, pp. 1168-1199 (1999)

May 2000The Effect of Offer-of-Settlement Rules on the Terms of Settlement
with Howard F. Chang: w6509

Published: Journal of Legal Studies, vol. 28, no. 2, pp. 489-513, 1999. citation courtesy of

April 2000Managerial Value Diversion and Shareholder Wealth
with Christine Jolls: w6919

Published: Journal of Law, Economics & Organization, vol. 15, no. 2, (July 1999): 487-502 citation courtesy of

March 2000An Economic Analysis of Transnational Bankruptcies
with Andrew T. Guzman: w6521

Published: The Journal of Law and Economics, vol. XLII, no. 2, pp. 775-808, 1999. citation courtesy of

Using Options to Divide Value in Corporate Bankruptcy
w7614

Published: "Using Options to Divide Value in Corporate Bankruptcy" European Economic Review, Vol. 44, pp. 829-843 (2000). citation courtesy of

July 1999A Rent-Protection Theory of Corporate Ownership and Control
w7203
May 1999Reconsidering Contractual Liability and the Incentive to Reveal Information
with Steven Shavell: w7106

Published: "Reconsidering Contractual Liability and the Incentive to Reveal Information" Stanford Law Review, Vol. 51, No. 6, pp. 1615-1627 (1999).

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

Published: Lucian A. Bebchuk & Reinier Kraakman & George Triantis, 2000. "III. ECONOMIC EFFECTS OF CONCENTRATED CORPORATE OWNERSHIP: 10. Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights," NBER Chapters, in: Concentrated Corporate Ownership, pages 295-318 National Bureau of Economic Research, Inc.

March 1998The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics
with Jesse Fried: w6472

Published: Cornell Law Review Vol. 82, No. 6, pp. 1279-1348 (1997)

Chapter 11
w6473

Published: The New Palgrave Dictionary of Economics and the Law (1998), pp. 219-224

Negative Expected Value Suits
w6474

Published: The New Palgrave Dictionary of Economics and the Law (1998), pp. 551-554

May 1996Corporate Ownership Structures: Private versus Social Optimality
with Luigi Zingales: w5584
July 1994Efficient and Inefficient Sales of Corporate Control
w4788

Published: The Quarterly Journal of Economics, vol. 109, no. 4, pp. 957-993,(November 1994) citation courtesy of

May 1994Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects
with Lars A. Stole: t0098

Published: Journal of Finance, vol 48, no 2, pp 719-729 (1993)

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

Published: Journal of Legal Studies Vol. XXV, No. 2, pp. 371-403 (1996) citation courtesy of

May 1992Optimal Sanctions When the Probability of Apprehension Varies Among Individuals
with Louis Kaplow: w4078

Published: "Optimal Sanctions and Differences in Individuals' Likelihood of Avoiding Detecion," International Review of Law and Economics, vol. 13, pp 217-224 (1993)

Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
with Louis Kaplow: w4079

Published: The Journal of Legal Studies, Vol. XXI, No. 2, pp. 365-370 (June 1992). citation courtesy of

May 1991Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale
with Steven Shavell: w3696

Published: Journal of Law, Economics, and Organization, Vol. 7, No. 2, pp. 284-312, Fall 1991. citation courtesy of

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

Published: Journal of Financial and Quantitative Analysis, vol. 29, no. 1, pp. 1-4 (1994)

Bargaining and the Division of Value in Corporate Reorganization
with Howard F. Chang: t0097

Published: Journal of Law, Economics and Organization, vol. 8, no. 2, pp 253-179 (1992)

February 1988Takeover Bids below the Expected Value of Minority Shares
w2524

Published: Journal of Financial and Quantitative Analysis, vol. 24, pp. 171-184, June 1989 citation courtesy of

1987Suing Solely to Extract a Settlement Offer
w2161

Published: Journal of Legal Studies, vol. 17, June 1988,pp. 437-450. citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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