Corporate Governance Lab

The Corporate Governance Lab will seek to foster research using quantitative tools – including econometric, statistical, or modeling tools – in the field of corporate governance. A key focus of the Lab in coming years will be the use of data science tools to produce novel datasets that would facilitate corporate governance research. The lab is being set up and will be directed by Professor Alma Cohen.

The Program on Corporate Governance and the faculty associated with it have a long track record in producing corporate governance research studies that uses econometric, statistical, or modeling tools. Such studies include:

For Whom Corporate Leaders Bargain

Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita
93 Southern California Law Review (forthcoming, 2021)

Short-Termism, Shareholder Payouts, and Investment in the EU

Jesse M. Fried and Charles C. Y. Wang
European Financial Management (forthcoming, 2021)

Dancing with Activists

Lucian A. Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch
137 Journal of Financial Economics, 1-41 (2020)

Do Founders Control Start-Up Firms that Go Public?

Jesse M. Fried and Brian J. Broughman
10 Harvard Business Law Review, 49-86 (2020)

The Effect of Minority Veto Rights on Controller Tunneling

Jesse M. Fried, Ehud Kamar, and Yishay Yafeh
138 Journal of Financial Economics, 777-788 (2020)

Cheap-Stock Tunneling Around Preemptive Rights

Jesse M. Fried and Holgar Spamann
137 Journal of Financial Economics, 353-370 (2020)

Politics and Gender in the Executive Suite

Alma Cohen, Moshe Hazan, and David Weiss
Harvard Law School John M. Olin Center Discussion Paper No. 1029

On Inference When Using State Corporate Laws for Identification

Holger Spamann
Harvard Law School John M. Olin Center Discussion Paper No. 1024 (2019)

The Politics of CEOs

Alma Cohen, Moshe Hazan, Roberto Tallarita, and David Weiss.
11 Journal of Legal Analysis (2019).

Go-Shops Revisited

Guhan Subramanian and Annie Zhao
133 Harvard Law Review, 1215 (2019)

The Perils of Small-Minority Controllers

Lucian A. Bebchuk and Kobi Kastiel
107 Georgetown Law Journal, 1453-1514 (2019)

Financial Markets and the Political Center of Gravity

Mark J. Roe and Travis G. Coan
2 Journal of Law, Finance & Accounting (2017)

Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right

Jesse M. Fried and Charles C. Y. Wang
8 Review of Corporate Finance Studies,  207-233 (2019)

Reverse Termination Fees in M&A

John C. Coates, IV, Darius Palia, and Ge Wu

Reexamining Staggered Boards and Shareholder Value

Alma Cohen and Charles CY Wang
127 Journal of Financial Economics, 637-647 (2017)

The New Look of Deal Protection

Fernan Restrepo and Guhan Subramanian
69 Stanford Law Review, 1015-1074 (2017)

The Prudent Investor Rule and Market Risk: An Empirical Analysis

Max M. Schanzenbach and Robert H. Sitkoff
14 Journal of Empirical Legal Studies, 129-168 (2017)

Socially Responsible Firms

Allen Ferrell, Hao Liang and Luc Renneboog
122 Journal of Financial Economics, 585-606 (2016)

The Effect of Delaware Doctrine on Freezeout Structure and Outcomes: Evidence on the Unified Approach

Fernan Restrepo and Guhan Subramanian
Harvard Business Law Review, 205-236 (2015)

The Long-Term Effects of Hedge Fund Activism

Lucian A. Bebchuk, Alon Brav, and Wei Jiang
115 Columbia Law Review, 1085-1156 (2015)

Thirty Years of Shareholder Rights and Firm Value

Martijn Cremers and Allen Ferrell
69 Journal of Finance, 1167-1196 (2014)

Golden Parachutes and the Wealth of Shareholders

Lucian Bebchuk, Alma Cohen and Charles C.Y. Wang
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
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
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
108 Journal of Financial Economics, 323-348 (2013)

The CEO Pay Slice

Lucian Bebchuk, Martijn Cremers and Urs Peyer
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
20 Journal of Economics and Management Strategy, 843-885 (2011)