Details about Lucian Bebchuk

E-mail:
Homepage:	http://www.law.harvard.edu/faculty/bebchuk
Phone:	617-495-3138
Postal address:	Harvard Law School 1545 Massachusetts Ave. Cambridge, MA 02138
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) John M. Olin Center for Law, Economics, and Business, Harvard School of Law, Harvard University, (more information at EDIRC)

Access statistics for papers by Lucian Bebchuk.

Last updated 2010-06-04. Update your information in the RePEc Author Service.

Short-id: pbe72

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Jump to Journal Articles Edited books Chapters

Working Papers

2011

1. Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments
   NBER Working Papers, National Bureau of Economic Research, Inc

2010

2. Learning and the Disappearing Association Between Governance and Returns
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Self-Fulfilling Credit Market Freezes
   NBER Working Papers, National Bureau of Economic Research, Inc

2009

4. The State of Corporate Governance Research
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (3)
   See also Chapter (2010)

2007

5. CEO Centrality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
6. Consent and Exchange
   NBER Working Papers, National Bureau of Economic Research, Inc
7. Investor Protection and Interest Group Politics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Chapter (2010)

2006

8. Lucky CEOs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
9. Lucky Directors
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2005

10. Executive Pensions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
11. Firm Expansion and CEO Pay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
12. The Growth of Executive Pay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    See also Journal Article in Oxford Review of Economic Policy (2005)

2004

13. Stealth Compensation Via Retirement Benefits
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
14. The Costs of Entrenched Boards
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in American Law & Economics Association Annual Meetings, American Law & Economics Association
    See also Journal Article in Journal of Financial Economics (2005)

2003

15. Executive Compensation as an Agency Problem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (123)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (122)
    See also Journal Article in Journal of Economic Perspectives (2003)
16. Why Firms Adopt Antitakeover Arrangements
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2002

17. Does the Evidence Favor State Competition in Corporate Law?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
18. Firms' Decisions Where to Incorporate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in Journal of Law and Economics (2003)
19. Firms' Decisions on Where to Incorporate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
20. Managerial Power and Rent Extraction in the Design of Executive Compensation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (73)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (76)
21. Optimal Defaults for Corporate Law Evolution
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (1)
22. The Case Against Board Veto in Corporate Takeovers
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (5)
23. The Market for Corporate Law
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002)
    See also Journal Article in Journal of Institutional and Theoretical Economics (JITE) (2006)
24. The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

2001

25. A New Approach to Takeover Law and Regulatory Competition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
26. A New Approach to Valuing Secured Claims in Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
27. Ex Ante Costs of Violating Absolute Priority in Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (3)
    See also Journal Article in Journal of Finance (2002)
28. Executive Compensation in America: Optimal Contracting or Extraction of Rents
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (6)
29. Federal Intervention to Enhance Shareholder Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
30. Pre-Contractual Reliance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Working Papers, Tel Aviv (1996)
    See also Journal Article in The Journal of Legal Studies (2001)
31. Takeover Bids versus Proxy Fights in Contests for Corporate Control
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
32. Takeover bids vs. Proxy Fights in Contests for Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
33. The Overlooked Corporate Finance Problems of a Microsoft Breakup
    NBER Working Papers, National Bureau of Economic Research, Inc

2000

34. An Economic Analysis of Transnational Bankruptcies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Law and Economics (1999)
35. Federalism and Takeover Law: The Race to Protect Managers from Takeovers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
36. Managerial Value Diversion and Shareholder Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of Law, Economics and Organization (1999)
37. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in The Journal of Legal Studies (1999)
38. Using Options to Divide Value in Corporate Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article in European Economic Review (2000)

1999

39. A Rent-Protection Theory of Corporate Ownership and Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (101)
40. Reconsidering Contractual Liability and the Incentive to Reveal Information
    NBER Working Papers, National Bureau of Economic Research, Inc
41. Stock Pyramids, Cross-Ownership, and the Dual Class Equity: The Creation and Agency Costs of Seperating Control from Cash Flow Rights
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
42. The 'Lemons Effect' in Corporate Freeze-Outs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1998

43. Chapter 11
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
44. Negative Expected Value Suits
    NBER Working Papers, National Bureau of Economic Research, Inc
45. The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1996

46. Corporate Ownership Structures: Private versus Social Optimality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

1995

47. Efficient and Inefficient Sales of Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in The Quarterly Journal of Economics (1994)

1994

48. An Analysis of Fee-Shifting Based on the Margin of Victory: On FrivolousSuits, Meritorious Suits and the Role of Rule 11
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in The Journal of Legal Studies (1996)
49. Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (5)

1992

50. Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article in The Journal of Legal Studies (1992)
51. Optimal Sanctions When the Probability of Apprehension Varies Among Individuals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
52. The Effects of Insider Trading on Insiders' Effort in Good and Bad Times
    Working Papers, Tel Aviv
    See also Journal Article in European Journal of Political Economy (1993)

1991

53. Bargaining and the Division of Value in Corporate Reorganization
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Law, Economics and Organization (1992)
54. Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in Journal of Law, Economics and Organization (1991)
55. The Effect of Insider Trading on Insiders' Reaction to Opportunities to "Waste" Corporate Value
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1990) View citations (2)
56. The Effects of Insider Trading on Insiders' Choice Among Risky Investment Projects
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1990) View citations (1)

1988

57. Takeover Bids below the Expected Value of Minority Shares
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article in Journal of Financial and Quantitative Analysis (1989)

1987

58. Suing Solely to Extract a Settlement Offer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in The Journal of Legal Studies (1988)

Journal Articles

2010

1. How to Tie Equity Compensation to Long-Term Results
   Journal of Applied Corporate Finance, 2010, 22, (1), 99-106

2009

2. Fixing Bankers' Pay
   The Economists' Voice, 2009, 6, (11), 1-7
3. Toxic Tests
   The Economists' Voice, 2009, 6, (7), 1-2
4. What Matters in Corporate Governance?
   Review of Financial Studies, 2009, 22, (2), 783-827 View citations (71)

2008

5. A Better Plan for Addressing the Financial Crisis
   The Economists' Voice, 2008, 5, (5), 1-8 View citations (1)

2006

6. The Market for Corporate Law
   Journal of Institutional and Theoretical Economics (JITE), 2006, 162, (1), 134-160 View citations (5)
   See also Working Paper (2002)

2005

7. Pay Without Performance: Overview of the Issues
   Journal of Applied Corporate Finance, 2005, 17, (4), 8-23 View citations (9)
8. The Growth of Executive Pay
   Oxford Review of Economic Policy, 2005, 21, (2), 283-303 View citations (36)
   See also Working Paper (2005)
9. The costs of entrenched boards
   Journal of Financial Economics, 2005, 78, (2), 409-433 View citations (64)
   See also Working Paper (2004)

2003

10. Executive Compensation as an Agency Problem
    Journal of Economic Perspectives, 2003, 17, (3), 71-92 View citations (121)
    See also Working Paper (2003)
11. Firms' Decisions Where to Incorporate
    Journal of Law and Economics, 2003, 46, (2), 383-425 View citations (13)
    See also Working Paper (2002)

2002

12. Ex Ante Costs of Violating Absolute Priority in Bankruptcy
    Journal of Finance, 2002, 57, (1), 445-460 View citations (14)
    See also Working Paper (2001)
13. Power, rent extraction, and executive compensation
    CESifo Forum, 2002, 3, (3), 23-28

2001

14. Precontractual Reliance
    The Journal of Legal Studies, 2001, 30, (2), 423-57
    See also Working Paper (2001)

2000

15. Using options to divide value in corporate bankruptcy
    European Economic Review, 2000, 44, (4-6), 829-843 View citations (13)
    See also Working Paper (2000)

1999

16. An Economic Analysis of Transnational Bankruptcies
    Journal of Law and Economics, 1999, 42, (2), 775-808 View citations (5)
    See also Working Paper (2000)
17. Damage measures for inadvertant breach of contract
    International Review of Law and Economics, 1999, 19, (3), 319-331
18. Managerial Value Diversion and Shareholder Wealth
    Journal of Law, Economics and Organization, 1999, 15, (2), 487-502 View citations (7)
    See also Working Paper (2000)
19. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    The Journal of Legal Studies, 1999, 28, (2), 489-513
    See also Working Paper (2000)

1996

20. A New Theory Concerning the Credibility and Success of Threats to Sue
    The Journal of Legal Studies, 1996, 25, (1), 1-25 View citations (13)
21. An Analysis of Fee Shifting Based on the Margin of Victory: On Frivolous Suits, Meritorious Suits, and the Role of Rule 11
    The Journal of Legal Studies, 1996, 25, (2), 371-403 View citations (9)
    See also Working Paper (1994)

1994

22. Efficient and Inefficient Sales of Corporate Control
    The Quarterly Journal of Economics, 1994, 109, (4), 957-93 View citations (41)
    See also Working Paper (1995)
23. Insider Trading and the Managerial Choice among Risky Projects
    Journal of Financial and Quantitative Analysis, 1994, 29, (01), 1-14 View citations (9)

1993

24. Do Short-Term Objectives Lead to Under- or Overinvestment in Long-Term Projects?
    Journal of Finance, 1993, 48, (2), 719-29 View citations (14)
25. Optimal sanctions and differences in individuals' likelihood of avoiding detection
    International Review of Law and Economics, 1993, 13, (2), 217-224 View citations (16)
26. The effects of insider trading on insiders effort in good and bad times
    European Journal of Political Economy, 1993, 9, (4), 469-481
    See also Working Paper (1992)

1992

27. Bargaining and the Division of Value in Corporate Reorganization
    Journal of Law, Economics and Organization, 1992, 8, (2), 253-79 View citations (29)
    See also Working Paper (1991)
28. Optimal Sanctions When Individuals Are Imperfectly Informed about the Probability of Apprehension
    The Journal of Legal Studies, 1992, 21, (2), 365-70 View citations (16)
    See also Working Paper (1992)

1991

29. Information and the Scope of Liability for Breach of Contract: The Rule of Hadley vs. Baxendale
    Journal of Law, Economics and Organization, 1991, 7, (2), 284-312 View citations (8)
    See also Working Paper (1991)

1989

30. Takeover Bids below the Expected Value of Minority Shares
    Journal of Financial and Quantitative Analysis, 1989, 24, (02), 171-184 View citations (10)
    See also Working Paper (1988)

1988

31. Suing Solely to Extract a Settlement Offer
    The Journal of Legal Studies, 1988, 17, (2), 437-50 View citations (21)
    See also Working Paper (1987)
32. The Sole Owner Standard for Takeover Policy
    The Journal of Legal Studies, 1988, 17, (1), 197-229 View citations (1)

1986

33. The Case for Facilitating Competing Tender Offers: A Last (?) Reply [The Proper Role of a Target's Management in Responding to a Tender Offer] [Auctions and Sunk Costs in Tender Offers]
    Journal of Law, Economics and Organization, 1986, 2, (2), 253-71

1984

34. Litigation and Settlement under Imperfect Information
    RAND Journal of Economics, 1984, 15, (3), 404-415

1980

35. Ignorance and manipulation
    Economics Letters, 1980, 5, (2), 119-123 View citations (1)

Edited books

2005

1. Corporate Law and Economic Analysis
   Cambridge Books, Cambridge University Press

1991

2. Corporate Law and Economic Analysis
   Cambridge Books, Cambridge University Press

Chapters

2010

1. Investor Protection and Interest Group Politics
   A chapter in Corporate Governance, 2010 View citations (1)
   See also Working Paper (2007)
2. The State of Corporate Governance Research
   A chapter in Corporate Governance, 2010 View citations (6)
   See also Working Paper (2009)

2000

3. Ownership Structures and the Decision to Go Public: Private versus Social Optimality
   A chapter in Concentrated Corporate Ownership, 2000, pp 55-80 View citations (1)
4. Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights
   A chapter in Concentrated Corporate Ownership, 2000, pp 295-318 View citations (12)