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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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Working Papers

2019

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

2015

  1. The Long-Term Effects of Hedge Fund Activism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)

2011

  1. Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2010

  1. Learning and the Disappearing Association Between Governance and Returns
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
  2. Self-Fulfilling Credit Market Freezes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2009

  1. The State of Corporate Governance Research
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) Downloads View citations (6)

    See also Chapter (2010)

2007

  1. CEO Centrality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
  2. Consent and Exchange
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Investor Protection and Interest Group Politics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Chapter (2010)

2006

  1. Lucky CEOs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  2. Lucky Directors
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2005

  1. Executive Pensions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  2. Firm Expansion and CEO Pay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
  3. The Growth of Executive Pay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (90)
    See also Journal Article in Oxford Review of Economic Policy (2005)

2004

  1. Stealth Compensation Via Retirement Benefits
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  2. The Costs of Entrenched Boards
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in American Law & Economics Association Annual Meetings, American Law & Economics Association Downloads

    See also Journal Article in Journal of Financial Economics (2005)

2003

  1. Executive Compensation as an Agency Problem
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (384)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) Downloads View citations (385)

    See also Journal Article in Journal of Economic Perspectives (2003)
  2. Why Firms Adopt Antitakeover Arrangements
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2002

  1. Does the Evidence Favor State Competition in Corporate Law?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
  2. Firms' Decisions Where to Incorporate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (6)

    See also Journal Article in Journal of Law and Economics (2003)
  3. Managerial Power and Rent Extraction in the Design of Executive Compensation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (235)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (252)
  4. Optimal Defaults for Corporate Law Evolution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (3)
  5. The Case Against Board Veto in Corporate Takeovers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (11)
  6. The Market for Corporate Law
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (5)

    See also Journal Article in Journal of Institutional and Theoretical Economics (JITE) (2006)
  7. The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (79)

2001

  1. A New Approach to Takeover Law and Regulatory Competition
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
  2. A New Approach to Valuing Secured Claims in Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Ex Ante Costs of Violating Absolute Priority in Bankruptcy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (10)
  4. Executive Compensation in America: Optimal Contracting or Extraction of Rents
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (14)
  5. Federal Intervention to Enhance Shareholder Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  6. Pre-Contractual Reliance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, Tel Aviv (1996)

    See also Journal Article in The Journal of Legal Studies (2001)
  7. Takeover Bids versus Proxy Fights in Contests for Corporate Control
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
  8. Takeover bids vs. Proxy Fights in Contests for Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
  9. The Overlooked Corporate Finance Problems of a Microsoft Breakup
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2000

  1. An Economic Analysis of Transnational Bankruptcies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Law and Economics (1999)
  2. Federalism and Takeover Law: The Race to Protect Managers from Takeovers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  3. Managerial Value Diversion and Shareholder Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Law, Economics, and Organization (1999)
  4. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in The Journal of Legal Studies (1999)
  5. Using Options to Divide Value in Corporate Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article in European Economic Review (2000)

1999

  1. A Rent-Protection Theory of Corporate Ownership and Control
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (154)
  2. Reconsidering Contractual Liability and the Incentive to Reveal Information
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. 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 Downloads View citations (45)
  4. The 'Lemons Effect' in Corporate Freeze-Outs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

1998

  1. Chapter 11
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
  2. Negative Expected Value Suits
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. 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 Downloads View citations (7)

1996

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

1994

  1. 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 Downloads
    See also Journal Article in The Journal of Legal Studies (1996)
  2. 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 Downloads View citations (6)
  3. Efficient and Inefficient Sales of Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)

1992

  1. Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    See also Journal Article in The Journal of Legal Studies (1992)
  2. Optimal Sanctions When the Probability of Apprehension Varies Among Individuals
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. 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

  1. Bargaining and the Division of Value in Corporate Reorganization
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Law, Economics, and Organization (1992)
  2. 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 Downloads View citations (23)
    See also Journal Article in Journal of Law, Economics, and Organization (1991)
  3. The Effect of Insider Trading on Insiders' Reaction to Opportunities to "Waste" Corporate Value
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1990) Downloads View citations (5)
  4. The Effects of Insider Trading on Insiders' Choice Among Risky Investment Projects
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1990) Downloads View citations (1)

1988

  1. Takeover Bids below the Expected Value of Minority Shares
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article in Journal of Financial and Quantitative Analysis (1989)

1987

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

Journal Articles

2009

  1. Fixing Bankers' Pay
    The Economists' Voice, 2009, 6, (11), 1-7 Downloads
  2. Toxic Tests
    The Economists' Voice, 2009, 6, (7), 1-2 Downloads
  3. What Matters in Corporate Governance?
    Review of Financial Studies, 2009, 22, (2), 783-827 Downloads View citations (528)

2008

  1. A Better Plan for Addressing the Financial Crisis
    The Economists' Voice, 2008, 5, (5), 1-8 Downloads View citations (4)

2006

  1. The Market for Corporate Law
    Journal of Institutional and Theoretical Economics (JITE), 2006, 162, (1), 134-160 Downloads View citations (12)
    See also Working Paper (2002)

2005

  1. The Growth of Executive Pay
    Oxford Review of Economic Policy, 2005, 21, (2), 283-303 View citations (104)
    See also Working Paper (2005)
  2. The costs of entrenched boards
    Journal of Financial Economics, 2005, 78, (2), 409-433 Downloads View citations (206)
    See also Working Paper (2004)

2003

  1. Executive Compensation as an Agency Problem
    Journal of Economic Perspectives, 2003, 17, (3), 71-92 Downloads View citations (386)
    See also Working Paper (2003)
  2. Firms' Decisions Where to Incorporate
    Journal of Law and Economics, 2003, 46, (2), 383-425 Downloads View citations (44)
    See also Working Paper (2002)

2001

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

2000

  1. Using options to divide value in corporate bankruptcy
    European Economic Review, 2000, 44, (4-6), 829-843 Downloads View citations (20)
    See also Working Paper (2000)

1999

  1. An Economic Analysis of Transnational Bankruptcies
    Journal of Law and Economics, 1999, 42, (2), 775-808 Downloads View citations (13)
    See also Working Paper (2000)
  2. Damage measures for inadvertant breach of contract
    International Review of Law and Economics, 1999, 19, (3), 319-331 Downloads View citations (2)
  3. Managerial Value Diversion and Shareholder Wealth
    Journal of Law, Economics, and Organization, 1999, 15, (2), 487-502 View citations (20)
    See also Working Paper (2000)
  4. The Effect of Offer-of-Settlement Rules on the Terms of Settlement
    The Journal of Legal Studies, 1999, 28, (2), 489-513 Downloads View citations (2)
    See also Working Paper (2000)

1996

  1. A New Theory Concerning the Credibility and Success of Threats to Sue
    The Journal of Legal Studies, 1996, 25, (1), 1-25 Downloads View citations (27)
  2. 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 Downloads View citations (17)
    See also Working Paper (1994)

1994

  1. Insider Trading and the Managerial Choice among Risky Projects
    Journal of Financial and Quantitative Analysis, 1994, 29, (1), 1-14 Downloads View citations (21)

1993

  1. Do Short-Term Objectives Lead to Under- or Overinvestment in Long-Term Projects?
    Journal of Finance, 1993, 48, (2), 719-29 Downloads View citations (58)
  2. Optimal sanctions and differences in individuals' likelihood of avoiding detection
    International Review of Law and Economics, 1993, 13, (2), 217-224 Downloads View citations (24)
  3. The effects of insider trading on insiders effort in good and bad times
    European Journal of Political Economy, 1993, 9, (4), 469-481 Downloads View citations (1)
    See also Working Paper (1992)

1992

  1. Bargaining and the Division of Value in Corporate Reorganization
    Journal of Law, Economics, and Organization, 1992, 8, (2), 253-79 View citations (42)
    See also Working Paper (1991)
  2. Optimal Sanctions When Individuals Are Imperfectly Informed about the Probability of Apprehension
    The Journal of Legal Studies, 1992, 21, (2), 365-70 Downloads View citations (34)
    See also Working Paper (1992)

1991

  1. 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 (30)
    See also Working Paper (1991)

1989

  1. Takeover Bids below the Expected Value of Minority Shares
    Journal of Financial and Quantitative Analysis, 1989, 24, (2), 171-184 Downloads View citations (16)
    See also Working Paper (1988)

1988

  1. Suing Solely to Extract a Settlement Offer
    The Journal of Legal Studies, 1988, 17, (2), 437-50 Downloads View citations (42)
    See also Working Paper (1987)
  2. The Sole Owner Standard for Takeover Policy
    The Journal of Legal Studies, 1988, 17, (1), 197-229 Downloads View citations (1)

1986

  1. 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

  1. Litigation and Settlement under Imperfect Information
    RAND Journal of Economics, 1984, 15, (3), 404-415 Downloads View citations (243)

1980

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

Edited books

2005

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

1991

  1. 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 (12)
    See also Working Paper (2007)
  2. The State of Corporate Governance Research
    A chapter in Corporate Governance, 2010 View citations (78)
    See also Working Paper (2009)

2000

  1. Ownership Structures and the Decision to Go Public: Private versus Social Optimality
    A chapter in Concentrated Corporate Ownership, 2000, pp 55-80 Downloads View citations (9)
  2. 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 Downloads View citations (76)
 
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