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

2019

1. Dancing With Activists
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
2. Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
3. The Specter of the Giant Three
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)

2015

4. The Long-Term Effects of Hedge Fund Activism
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)

2011

5. Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2010

6. Learning and the Disappearing Association Between Governance and Returns
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
7. Self-Fulfilling Credit Market Freezes
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2009

8. The State of Corporate Governance Research
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (10)
   See also Chapter The State of Corporate Governance Research, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (128) (2010)

2007

9. CEO Centrality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
10. Consent and Exchange
    NBER Working Papers, National Bureau of Economic Research, Inc
11. Investor Protection and Interest Group Politics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Chapter Investor Protection and Interest Group Politics, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (24) (2010)

2006

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

2005

14. Executive Pensions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
15. Firm Expansion and CEO Pay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
16. The Growth of Executive Pay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
    See also Journal Article The Growth of Executive Pay, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2005) View citations (149) (2005)

2004

17. Stealth Compensation Via Retirement Benefits
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
18. The Costs of Entrenched Boards
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in American Law & Economics Association Annual Meetings, American Law & Economics Association
    See also Journal Article The costs of entrenched boards, Journal of Financial Economics, Elsevier (2005) View citations (311) (2005)

2003

19. Executive Compensation as an Agency Problem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (655)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (661)
    See also Journal Article Executive Compensation as an Agency Problem, Journal of Economic Perspectives, American Economic Association (2003) View citations (661) (2003)
20. Why Firms Adopt Antitakeover Arrangements
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2002

21. Does the Evidence Favor State Competition in Corporate Law?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
22. Firms' Decisions Where to Incorporate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (9)
    See also Journal Article Firms' Decisions Where to Incorporate, Journal of Law and Economics, University of Chicago Press (2003) View citations (63) (2003)
23. Managerial Power and Rent Extraction in the Design of Executive Compensation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (429)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (425)
24. Optimal Defaults for Corporate Law Evolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (5)
25. The Case Against Board Veto in Corporate Takeovers
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (13)
26. The Market for Corporate Law
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (7)
    See also Journal Article The Market for Corporate Law, Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen (2006) View citations (13) (2006)
27. The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (119)

2001

28. A New Approach to Takeover Law and Regulatory Competition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
29. A New Approach to Valuing Secured Claims in Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
30. 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)
31. Executive Compensation in America: Optimal Contracting or Extraction of Rents
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (21)
32. Federal Intervention to Enhance Shareholder Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
33. 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 Precontractual Reliance, The Journal of Legal Studies, University of Chicago Press (2001) View citations (4) (2001)
34. Takeover Bids versus Proxy Fights in Contests for Corporate Control
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
35. Takeover bids vs. Proxy Fights in Contests for Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
36. The Overlooked Corporate Finance Problems of a Microsoft Breakup
    NBER Working Papers, National Bureau of Economic Research, Inc

2000

37. An Economic Analysis of Transnational Bankruptcies
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article An Economic Analysis of Transnational Bankruptcies, Journal of Law and Economics, University of Chicago Press (1999) View citations (14) (1999)
38. Federalism and Takeover Law: The Race to Protect Managers from Takeovers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
39. Managerial Value Diversion and Shareholder Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Managerial Value Diversion and Shareholder Wealth, The Journal of Law, Economics, and Organization, Oxford University Press (1999) View citations (26) (1999)
40. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article The Effect of Offer-of-Settlement Rules on the Terms of Settlement, The Journal of Legal Studies, University of Chicago Press (1999) View citations (2) (1999)
41. Using Options to Divide Value in Corporate Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article Using options to divide value in corporate bankruptcy, European Economic Review, Elsevier (2000) View citations (27) (2000)

1999

42. A Rent-Protection Theory of Corporate Ownership and Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (202)
43. Reconsidering Contractual Liability and the Incentive to Reveal Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
44. 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 (45)
45. The 'Lemons Effect' in Corporate Freeze-Outs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

1998

46. Chapter 11
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
47. Negative Expected Value Suits
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
48. 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 (8)

1996

49. Corporate Ownership Structures: Private versus Social Optimality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1994

50. 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 View citations (1)
    See also Journal Article 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, University of Chicago Press (1996) View citations (23) (1996)
51. 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 (6)
52. Efficient and Inefficient Sales of Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (77)

1992

53. Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
    See also Journal Article Optimal Sanctions When Individuals Are Imperfectly Informed about the Probability of Apprehension, The Journal of Legal Studies, University of Chicago Press (1992) View citations (52) (1992)
54. Optimal Sanctions When the Probability of Apprehension Varies Among Individuals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
55. The Effects of Insider Trading on Insiders' Effort in Good and Bad Times
    Working Papers, Tel Aviv
    See also Journal Article The effects of insider trading on insiders effort in good and bad times, European Journal of Political Economy, Elsevier (1993) View citations (2) (1993)

1991

56. 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 Bargaining and the Division of Value in Corporate Reorganization, The Journal of Law, Economics, and Organization, Oxford University Press (1992) View citations (50) (1992)
57. 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 (38)
    See also Journal Article Information and the Scope of Liability for Breach of Contract: The Rule of Hadley vs. Baxendale, The Journal of Law, Economics, and Organization, Oxford University Press (1991) View citations (34) (1991)
58. 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 (4)
59. 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

60. 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 Takeover Bids below the Expected Value of Minority Shares, Journal of Financial and Quantitative Analysis, Cambridge University Press (1989) View citations (20) (1989)

1987

61. Suing Solely to Extract a Settlement Offer
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Suing Solely to Extract a Settlement Offer, The Journal of Legal Studies, University of Chicago Press (1988) View citations (60) (1988)

Journal Articles

2009

1. Fixing Bankers' Pay
   The Economists' Voice, 2009, 6, (11), 7 View citations (2)
2. Toxic Tests
   The Economists' Voice, 2009, 6, (7), 2
3. What Matters in Corporate Governance?
   The Review of Financial Studies, 2009, 22, (2), 783-827 View citations (1038)

2008

4. A Better Plan for Addressing the Financial Crisis
   The Economists' Voice, 2008, 5, (5), 8 View citations (4)

2006

5. The Market for Corporate Law
   Journal of Institutional and Theoretical Economics (JITE), 2006, 162, (1), 134-160 View citations (13)
   See also Working Paper The Market for Corporate Law, CEPR Discussion Papers (2002) View citations (3) (2002)

2005

6. The Growth of Executive Pay
   Oxford Review of Economic Policy, 2005, 21, (2), 283-303 View citations (149)
   See also Working Paper The Growth of Executive Pay, NBER Working Papers (2005) View citations (138) (2005)
7. The costs of entrenched boards
   Journal of Financial Economics, 2005, 78, (2), 409-433 View citations (311)
   See also Working Paper The Costs of Entrenched Boards, NBER Working Papers (2004) View citations (21) (2004)

2003

8. Executive Compensation as an Agency Problem
   Journal of Economic Perspectives, 2003, 17, (3), 71-92 View citations (661)
   See also Working Paper Executive Compensation as an Agency Problem, CEPR Discussion Papers (2003) View citations (655) (2003)
9. Firms' Decisions Where to Incorporate
   Journal of Law and Economics, 2003, 46, (2), 383-425 View citations (63)
   See also Working Paper Firms' Decisions Where to Incorporate, NBER Working Papers (2002) View citations (13) (2002)

2001

10. Precontractual Reliance
    The Journal of Legal Studies, 2001, 30, (2), 423-57 View citations (4)
    See also Working Paper Pre-Contractual Reliance, NBER Working Papers (2001) View citations (1) (2001)

2000

11. Using options to divide value in corporate bankruptcy
    European Economic Review, 2000, 44, (4-6), 829-843 View citations (27)
    See also Working Paper Using Options to Divide Value in Corporate Bankruptcy, NBER Working Papers (2000) View citations (26) (2000)

1999

12. An Economic Analysis of Transnational Bankruptcies
    Journal of Law and Economics, 1999, 42, (2), 775-808 View citations (14)
    See also Working Paper An Economic Analysis of Transnational Bankruptcies, NBER Working Papers (2000) (2000)
13. Damage measures for inadvertant breach of contract
    International Review of Law and Economics, 1999, 19, (3), 319-331 View citations (4)
14. Managerial Value Diversion and Shareholder Wealth
    The Journal of Law, Economics, and Organization, 1999, 15, (2), 487-502 View citations (26)
    See also Working Paper Managerial Value Diversion and Shareholder Wealth, NBER Working Papers (2000) View citations (1) (2000)
15. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    The Journal of Legal Studies, 1999, 28, (2), 489-513 View citations (2)
    See also Working Paper The Effect of Offer-of-Settlement Rules on the Terms of Settlement, NBER Working Papers (2000) (2000)

1996

16. A New Theory Concerning the Credibility and Success of Threats to Sue
    The Journal of Legal Studies, 1996, 25, (1), 1-25 View citations (42)
17. 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 (23)
    See also Working Paper An Analysis of Fee-Shifting Based on the Margin of Victory: On FrivolousSuits, Meritorious Suits and the Role of Rule 11, NBER Working Papers (1994) View citations (1) (1994)

1994

18. Insider Trading and the Managerial Choice among Risky Projects
    Journal of Financial and Quantitative Analysis, 1994, 29, (1), 1-14 View citations (29)

1993

19. Do Short-Term Objectives Lead to Under- or Overinvestment in Long-Term Projects?
    Journal of Finance, 1993, 48, (2), 719-29 View citations (149)
20. Optimal sanctions and differences in individuals' likelihood of avoiding detection
    International Review of Law and Economics, 1993, 13, (2), 217-224 View citations (27)
21. The effects of insider trading on insiders effort in good and bad times
    European Journal of Political Economy, 1993, 9, (4), 469-481 View citations (2)
    See also Working Paper The Effects of Insider Trading on Insiders' Effort in Good and Bad Times, Working Papers (1992) (1992)

1992

22. Bargaining and the Division of Value in Corporate Reorganization
    The Journal of Law, Economics, and Organization, 1992, 8, (2), 253-79 View citations (50)
    See also Working Paper Bargaining and the Division of Value in Corporate Reorganization, NBER Technical Working Papers (1991) View citations (2) (1991)
23. Optimal Sanctions When Individuals Are Imperfectly Informed about the Probability of Apprehension
    The Journal of Legal Studies, 1992, 21, (2), 365-70 View citations (52)
    See also Working Paper Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension, NBER Working Papers (1992) View citations (50) (1992)

1991

24. Information and the Scope of Liability for Breach of Contract: The Rule of Hadley vs. Baxendale
    The Journal of Law, Economics, and Organization, 1991, 7, (2), 284-312 View citations (34)
    See also Working Paper Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale, NBER Working Papers (1991) View citations (38) (1991)

1989

25. Takeover Bids below the Expected Value of Minority Shares
    Journal of Financial and Quantitative Analysis, 1989, 24, (2), 171-184 View citations (20)
    See also Working Paper Takeover Bids below the Expected Value of Minority Shares, NBER Working Papers (1988) View citations (8) (1988)

1988

26. Suing Solely to Extract a Settlement Offer
    The Journal of Legal Studies, 1988, 17, (2), 437-50 View citations (60)
    See also Working Paper Suing Solely to Extract a Settlement Offer, NBER Working Papers (1987) (1987)
27. The Sole Owner Standard for Takeover Policy
    The Journal of Legal Studies, 1988, 17, (1), 197-229 View citations (2)

1986

28. 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]
    The Journal of Law, Economics, and Organization, 1986, 2, (2), 253-71

1984

29. Litigation and Settlement under Imperfect Information
    RAND Journal of Economics, 1984, 15, (3), 404-415 View citations (349)

1980

30. 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 View citations (1)

Chapters

2010

1. Investor Protection and Interest Group Politics
   A chapter in Corporate Governance, 2010 View citations (24)
   See also Working Paper Investor Protection and Interest Group Politics, National Bureau of Economic Research, Inc (2007) View citations (1) (2007)
2. The State of Corporate Governance Research
   A chapter in Corporate Governance, 2010 View citations (128)
   See also Working Paper The State of Corporate Governance Research, National Bureau of Economic Research, Inc (2009) View citations (10) (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 (9)
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 (225)