Corporate Governance Lab

The Corporate Governance Lab, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research using quantitative tools – including econometric, statistical, or modeling tools – in the field of corporate governance.

The Faculty Director of the Lab is Professor Alma Cohen.

Corporate governance research studies using quantitative tools by faculty and fellows associated with the Programs include:

Dancing with Activists
Lucian A. Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch.
Harvard Law School Program on Corporate Governance Discussion Paper No. 2017-7, April 2017.

Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right
Jesse M. Fried & Charles C. Y. Wang
Harvard Law School Program on Corporate Governance Discussion Paper No. 2017-3, January 2017.

Staggered Boards and Shareholder Value: A Reply to Amihud and Stoyanov
Alma Cohen and Charles C.Y. Wang
Forthcoming in Journal of Financial Economics (2017).

The New Look of Deal Protection
Fernan Restrepo & Guhan Subramanian
Forthcoming in Stanford Law Review 69 (2017).

The Prudent Investor Rule and Market Risk: An Empirical Analysis
Max M. Schanzenbach & Robert H. Sitkoff
Forthcoming in 14 Journal of Empirical Legal Studies 129 (2017).

Socially Responsible Firms
Allen Ferrell, Hao Liang & Luc Renneboog
Published in 122 Journal of Financial Economics 585 (2016).

Effect of Delaware Doctrine on Freezeout Structure and Outcomes: Evidence on the Unified Approach
Fernan Restrepo & Guhan Subramanian
Published in 5 Harvard Business Law Review 205-236 (2015).

The Long-Term Effects of Hedge Fund Activism
Lucian A. Bebchuk, Alon Brav, and Wei Jiang
Published in 115 Columbia Law Review 1085-1156 (2015).

Thirty Years of Shareholder Rights and Firm Value
Martijn Cremers & Allen Ferrell
Published in 69 Journal of Finance 1167 (2014).

Golden Parachutes and the Wealth of Shareholders
Lucian Bebchuk, Alma Cohen and Charles C.Y. Wang
Published in 25 Journal of Corporate Finance 140-154 (2014).

How Do Staggered Boards Affect Shareholder Value? Evidence from a Natural Experiment
Alma Cohen and Charles C.Y. Wang
Published in 110 Journal of Financial Economics 627–641 (2013).

Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy
Lucian A. Bebchuk, Alon Brav, Robert J. Jackson, Jr. and Wei Jiang
Published in 39 Journal of Corporation Law 1-34 (2013).

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

The CEO Pay Slice
Lucian Bebchuk, Martijn Cremers and Urs Peyer
Published in 102 Journal of Financial Economics 199-221 (2011).

Executive Compensation in Japan: Estimating Levels and Determinants from Tax Records
Minoru Nakazato, J. Mark Ramseyer and Eric B. Rasmusen
Published in 20 Journal of Economics and Management Strategy 843 (2011).