Lucian A. Bebchuk

William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance

Director, Program on Corporate Governance

Representative Publications

Bibliography


Books
Bebchuk, Lucian A. & Jesse Fried. Pay without Performance: The Unfulfilled Promise of Executive Compensation (Harvard University Press 2004).
Full text: AMAZON (Purchase)
Bebchuk, Lucian A. & Jesse M. Fried. Pay Without Performance: The Unfulfilled Promise of Executive Compensation (Harvard University Press 2004).
Full text: WWW

Shorter Works in Collection
Bebchuk, Lucian A. & Alon Klement. "Negative-Expected-Value Suits" in Procedural Law And Economics 341 (Chris William Sanchirico ed., Edward Elgar Publishing, 2012).
Full text: SSRN
Bebchuk, Lucian A. & Allen Ferrell. "Federalism and Takeover Law: The Race to Protect Managers from Takeovers" in Regulatory Competition and Economic Integration 68 (D. Esty & D. Geradin eds., Oxford University Press, 2001).
Full text: WWW
Bebchuk, Lucian A. & Marcel Kahan. "Adverse Selection and Gains to Controllers in Corporate Freezeouts" in Concentrated Corporate Ownership 247 (R. Morck ed., University of Chicago Press, 2000).
Full text: WWW
(Earlier issued as : ' The "Lemon Effect" in Corporate Freeze-Outs', NBER Working Paper No. 6938 (1999))
Bebchuk, Lucian A. & Luigi Zingales. "Ownership Structures and the Decision to Go Public: Private Versus Social Optimality" in Concentrated Corporate Ownership 55 (R. Morck ed., University of Chicago Press, 2000).
Full text: WWW
(Earlier issued as: NBER Working Paper No. 5584 (1996))
Bebchuk, Lucian A., Reinier H. Kraakman & George Triantis. "Stock Pyramids, Cross-Ownership and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights" in Concentrated Corporate Ownership 295 (R. Morck ed., University of Chicago Press, 2000).
Full text: WWW
(Earlier issued as: NBER Working Paper No. 6951 (1999))
Triantis, George G., Lucian A. Bebchuk & Reinier H. Kraakman. "Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Creation and Agency Costs of Separating Control from Cash Flow Rights" in Concentrated Corporate Ownership (University of Chicago Press, 2000).
Bebchuk, Lucian A. "Chapter 11" in The New Palgrave Dictionary of Economics and the Law 219 (1998).
Full text: WWW
Bebchuk, Lucian A. "Suits with Negative Expected Value" in The New Palgrave Dictionary of Economics and the Law 551 (1998).
Full text: WWW

Articles in a Periodical
Bebchuk, Lucian A., Alon Brav & Wei Jiang. "The Long-Term Effects of Hedge Fund Activism," 115 Colum. L. Rev. 1085 (2015).
Full text: SSRN
Bebchuk, Lucian A. & Allen Ferrell. "Rethinking Basic," 69 Bus. Law. 671 (2014).
Full text: WWW
Bebchuk, Lucian A. & Robert L. Jackson, Jr. "Toward a Constitutional Review of the Poison Pill," 114 Colum. L. Rev. 1549 (2014).
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Charles C.Y. Wang. "Golden Parachutes and the Wealth of Shareholders," 25 J. Corp. Fin. 140 (2014).
Full text: WWW
Bebchuk, Lucian A. "The Myth that Insulating Boards Serves Long-Term Value," 113 Colum. L. Rev. 1637 (2013) (article review).
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Charles C. Y. Wang. "Learning and the Disappearing Association Between Governance and Returns," 108 Journal of Financial Economics 323 (2013).
Full text: SSRN
Bebchuk, Lucian A., Alon Brav, Robert J. Jackson, Jr. & Wei Jiang. "Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy," 39 Journal of Corporation Law 1 (2013) (article review).
Full text: WWW
Bebchuk, Lucian A. & Robert J. Jackson, Jr. "Shining Light on Corporate Political Spending," 101 Georgetown Law Journal 923 (2013).
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Charles C.Y. Wang. "Learning and the Disappearing Association between Governance and Returns," 108 J. Fin. Econ. 323 (2013).
Full text: SSRN
Bebchuk, Lucian A. & Robert J. Jackson, Jr. "The Law and Economics of Blockholder Disclosure," 2 Harvard Business Law Review 40 (2012).
Full text: SSRN
Bebchuk, Lucian A. & Itay Goldstein. "Self-Fulfilling Credit Market Freezes," 24 Review of Financial Studies 3519 (2011).
Full text: SSRN
Bebchuk, Lucian A., Grinstein Yaniv & Peyer Urs. "Lucky CEOS and Lucky Directors," 65 Journal of Finance 2363 (2010).
Full text: WWW
Bebchuk, Lucian A. & Robert J. Jackson, Jr. "Corporate Political Speech: Who Decides?" 124 Harv. L. Rev. 83 (2010).
Full text: WWW
Bebchuk, Lucian A. & Jesse M. Fried. "Paying for Long-Term Performance," 158 U. Pa. L. Rev 1915 (2010).
Full text: WWW
Bebchuk, Lucian A. & Zvika Neeman. "Investor Protection and Interest Group Politics," 23 Review of Financial Studies 1089 (2010).
Full text: SSRN
Bebchuk, Lucian A. & Scott Hirst. "Private Ordering and the Proxy Access Debate," 65 Business Lawyer 329 (2010).
Full text: WWW
Bebchuk, Lucian A. & Michael S. Weisbach. "The State of Corporate Governance Research," 23 Review of Financial Studies 939 (2010).
Full text: WWW
Bebchuk, Lucian A. & Jesse M. Fried. "Tackling the Managerial Power Problem," Pathways Magazine, Summer 2010, at 9.
Full text: WWW
Bebchuk, Lucian A. & Kamar Ehud. "Bundling and Entrenchment," 123 Harvard Law Review 1551 (2010).
Full text: SSRN
Bebchuk, Lucian A. & Holger Spamann. "Regulating Bankers' Pay," 98 Georgetown Law Journal 247 (2010).
Full text: WWW
Bebchuk, Lucian A. & Jesse M. Fried. "How to Tie Equity Compensation to Long-Term Results," 22 Journal of Applied Corporate Finance 99 (2010).
Full text: WWW
Bar-Gill, Oren & Lucian A. Bebchuk. "Consent and Exchange," 39 J. Legal Studies 375 (2010).
Bar-Gill, Oren & Lucian A. Bebchuk. "Consent and Exchange," 39 J. Legal Stud. 375 (2010).
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Holger Spamann. "The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008," 27 Yale J. on Reg. 257 (2010).
Full text: WWW
(data documentation is available at http://bit.ly/laenYP)
Bebchuk, Lucian A. "Fixing Bankers? Pay," The Economists' Voice, November 2009.
Full text: WWW
Bebchuk, Lucian A. & Assaf Hamdani. "The Elusive Quest for Global Governance Standards," 157 U. Pa. L. Rev. 1263 (2009).
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Allen Ferrell. "What Matters in Corporate Governance?" 22 Review of Financial Studies 783-827 (2009).
Bebchuk, Lucian A. & Assaf Hamdani. "The Elusive Quest For Global Governance Standards," 157 University of Pennsylvania Law Review 1263 (2009).
Full text: SSRN
Bebchuk, Lucian A. "Buying Troubled Assets," 26 Yale Journal on Regulation 343 (2009).
Full text: SSRN
Bebchuk, Lucian A., Alma Cohen & Allen Ferrell. "What Matter's in Corporate Governance?" 22 Rev. Fin. Stud. 783 (2009).
Full text: WWW
Bebchuk, Lucian A. "A Better Plan for Addressing the Financial Crisis," 5 The Economists' Voice (2008).
Bebchuk, Lucian A. "The Myth of the Shareholder Franchise," 93 Virginia Law Review 675 (2007).
Full text: SSRN
Bebchuk, Lucian A. "Letting Shareholders Set the Rules," 119 Harv. L. Rev. 1784 (2006).
Full text: SSRN
Bebchuk, Lucian A. & Assaf Hamdani. "Federal Corporate Law: Lessons From History," 106 Columbia Law Review 1793 (2006).
Full text: SSRN
Bebchuk, Lucian A., Oren Bar-Gill & Michal Barzuza. "The Market for Corporate Law," 162 Journal of Institutional and Theoretical Economics 134 (2006).
Full text: SSRN
Bebchuk, Lucian A. & Richard A. Posner. "One-Sided Contracts in Competitive Consumer Markets," 104 Michigan Law Review 827 (2006).
Full text: SSRN
((Reprinted (translated into Spanish) in 57 Themis Law Review (2010)))
Bebchuk, Lucian A., Leo E. Strine Jr., Joseph Bachelder, Roel Campos, Byron Georgiou, Alan Hevesi, William Lerach, Robert Mendelsohn, Robert Monks, Toby Myerson, John Olson & John Wilcox. "Director Liability," 31 Delaware Journal of Corporate Law 1011 (2006).
Full text: SSRN
Bar-Gill, Oren, Michal Barzuza & Lucian A. Bebchuk. "The Market for Corporate Law," 162 J. Institutional & Theoretical Econ. 1 (2006).
Full text: WWW
Bebchuk, Lucian A. "What Corporate-Governance Reforms are Still Necessary?" Optimize Magazine, April.
Full text: WWW
Bebchuk, Lucian A. & Alma Cohen. "The Costs of Entrenched Boards," 78 Journal of Financial Economics 409 (2005).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Robert J. Jackson, Jr. "Executive Pensions," 30 Journal of Corporation Law 823 (2005).
Full text: SSRN
Bebchuk, Lucian A. "The Case for Increasing Shareholder Power," 118 Harvard Law Review 833 (2005).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Reprinted in Foundations of Corporate Law, 2nd ed., (Romano, ed., 2010))
Bebchuk, Lucian A. & Yaniv Grinstein. "The Growth of Executive Pay," 21 Oxford Review of Economic Policy 283 (2005).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Jesse M. Fried. "Executive Compensation at Fannie Mae: A Case Study of Perverse Incentives, Nonperformance Pay and Camouflage," 30 Journal of Corporation Law 807 (2005).
Bebchuk, Lucian A. & Jesse M. Fried. "Pay without Performance: Overview of the Issues," 30 Journal of Corporation Law 647 (2005).
Full text: SSRN
Fried, Jesse M. & Lucian A. Bebchuk. "Pay without Performance: Overview of the Issues," 17 Journal of Applied Corporate Finance 8 (2005).
Bebchuk, Lucian A. & Alma Cohen. "The Costs of Entrenched Boards," 78 J. Fin. Econ. 409 (2005).
Full text: WWW
Bebchuk, Lucian A. & Jesse Fried. "Stealth Compensation via Retirement Benefits," 1 Berkeley Business Law Journal 291 (2004).
Full text: WWW || HEIN (Harvard Users) || HEIN || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. "Designing a Shareholder Access Rule," 12 Corporate Governance Advisor 28 (2004).
Full text: WWW
Bebchuk, Lucian A. & Jesse M. Fried. "Improving Executive Compensation," 7 TIAA-CREF Invesment Forum 11 (2003).
Bebchuk, Lucian A., John C. Coates & Guhan Subramanian. "The Trouble with Staggered Boards: A Reply to Georgeson's John Wilcox," 11 Corporate Governance Advisor 17 (2003).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. "The Case for Shareholder Access to the Ballot," 59 The Business Lawyer 43 (2003).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Harvard Olin Disucssion Paper No. 428 (Aug. 2003))
Bebchuk, Lucian A. "Why Firms Adopt Antitakeover Arrangements," 152 University of Pennsylvania Law Review 713 (2003).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || WESTLAW
Bebchuk, Lucian A. & Jesse Fried. "Executive Compensation as an Agency Problem," 17 Journal of Economic Perspectives 71 (2003).
Full text: WWW || SSRN (Harvard Users) || SSRN
(Reprinted in The Economic Nature of the Firm: A Reader, 3rd ed., (Putterman and Kroszner, eds., 2009)
Bebchuk, Lucian A. & Alma Cohen. "Firms' Decisions Where to Incorporate," 48 Journal of Law and Economics 383 (2003).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse M. Fried. "Stealth Compensation as an Agency Problem," 117 Journal of Economic Perspectives 71 (2003).
(reprinted in Hebrew in A/4 Taagidim Law Review 3 (2004))
Bebchuk, Lucian A. & Alma Cohen. "Firms’ Decisions Where to Incorporate," 46 J. L. & Econ. 383 (2003).
Full text: SSRN
Bebchuk, Lucian A. & Jesse M. Fried. "Power, Rent Extraction, and Executive Compensation," 3 CESifo Forum 23 (2002).
Full text: WWW
Bebchuk, Lucian A., John C. Coates & Guhan Subramanian. "The Powerful Antitakeover Force of Staggered Boards: Further Findings and a Reply to Symposium Participants," 55 Stanford Law Review 885 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. "The Questionable Case for Using Auctions to Select Lead Counsel," 80 Washington University Law Quartely 889 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Symposium on Litigation)
Bebchuk, Lucian A. & Assaf Hamdani. "Vigorous Race or Leisurely Walk: Reconsidering the Competition Over Corporate Charters," 112 Yale Law Journal 553 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Harvard Press Release, http://www.law.harvard.edu/news/2003/01/02_bebchuk.php)
Bebchuk, Lucian A., Jesse Fried & David Walker. "Managerial Power and Rent Extraction in the Design of Executive Compensation," 69 University of Chicago Law Review 751 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Earlier circulated as "Executive Compensation in America: Optimal Contracting or Extraction of Rents?" Article in the media about this study: The New York Times (Paul Krugman's column) http://www.law.harvard.edu/faculty/bebchuk/pdfs/2002.NYT.Outrage.Constraint.pdf The Economist, http://www.law.harvard.edu/faculty/bebchuk/pdfs/2002.Economist.Taken.for.a.ride.pdf The Financial Times, http://www.law.harvard.edu/faculty/bebchuk/pdfs/FT.Curbs.on.Covetousness.pdf The Washington Post, http://www.law.harvard.edu/faculty/bebchuk/pdfs/2002.Washington.Post.Managerial.Power.pdf Washington Post II (Robert Samuelson), http://www.law.harvard.edu/faculty/bebchuk/pdfs/Samuelson_WashPost.pdf US News and World Report, http://www.law.harvard.edu/faculty/bebchuk/pdfs/USNewsArticle.2002.pdf Critique in Wall Street Journal, http://www.law.harvard.edu/faculty/bebchuk/pdfs/Jenkins_WSJ.pdf)
Bebchuk, Lucian A. & Allen Ferrell. "On Takeover Law and Regulatory Competition," 57 Business Lawyer 1047 (2002).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. "The Case Against Board Veto in Corporate Takeovers," 69 University of Chicago Law Review 973 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A., Allen Ferrell & Alma Cohen. "Does the Evidence Favor State Competition in Corporate Law?" 90 California Law Review 1775 (2002).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. "Ex Ante Costs of Violating Absolute Priority in Bankruptcy," 57 Journal of Finance 445 (2002).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Assaf Hamdani. "Optimal Defaults for Corporate Law Evolution," 96 Northwestern Law Review 489 (2002).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A., Jesse M. Fried & David Walker. "Managerial Power and Rent Extraction in the Design of Executive Compensation," 69 University of Chicago Law Review 751 (2002).
(recognized by Corporate Practice Commentator as one of the Ten Best Corporate and Securities Articles of 2002)
Bebchuk, Lucian A., Alma Cohen & Allen Ferrell. "Does the Evidence Favor State Competition in Corporate Law?" 90 Cal. L.Rev. 1775 (2002).
Full text: SSRN
Bebchuk, Lucian A. & Allen Ferrell. "Federal Intervention to Enhance Shareholder Choice," 87 Virginia Law Review 993 (2001).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Omri Ben-Shahar. "Precontractual Reliance," 30 Journal of Legal Studies 423 (2001).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse Fried. "A New Approach to Valuing Secured Claims in Bankruptcy," 114 Harvard Law Review 2386 (2001).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Allen Ferrell. "A New Approach to Takeover Law and Regulatory Competition," 87 Virginia Law Review 111 (2001).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & David Walker. "The Overlooked Corporate Finance Problems of a Microsoft Breakup," 56 The Business Lawyer 459 (2001).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. "Property Rights and Liability Rules: The Ex Ante View of the Cathedral," 100 Michigan Law Review 601 (2001).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse M. Fried. "A New Approach to Valuing Secured Claims in Bankrputcy," 114 Harvard Law Review 2386 (2001).
Bebchuk, Lucian A. "Using Options to Divide Value in Corporate Bankruptcy," 44 European Economic Review 829 (2000).
Full text: WWW || SSRN (Harvard Users) || SSRN
(Earlier issued as: NBER Working Paper No. 7614 (1999))
Roe, Mark J. & Lucian A. Bebchuk. "A Theory of Path Dependence in Corporate Ownership and Governance," 52 Stanford Law Review 127 (1999).
Full text: HEIN || SSRN
(Reprinted in Foundations of Corporate Law, 2nd ed., (Romano, ed., 2010); Translated into Mandarin and reprinted in 26 Graduate Law Review 126 (2011) (Ning Guijun, translator))
Bebchuk, Lucian A. & I.P.L. Png. "Damage Measures for Inadvertent Breach of Contract," 19 International Review of Law and Economics 319 (1999).
Full text: WWW || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Andrew Guzman. "An Economics Analysis of Transnational Bankruptcies," 42 The Journal of Law and Economics 775 (1999).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Steven M. Shavell. "Reconsidering Contractual Liability and the Incentive to Reveal Information," 51 Stanford Law Review 1615 (1999).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Allen Ferrell. "Federalism and Takeover Law: The Race to Protect Managers from Takeovers," 99 Columbia Law Review 1168 (1999).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
(Reprinted in Regulatory Competition and Economic Integration (D.Esty and D. Geradin eds., Oxford University Press 2001))
Bebchuk, Lucian A. & Christine M. Jolls. "Managerial Value Diversion and Shareholder Wealth," 15 Journal of Law, Economics, and Organization 487 (1999).
Full text: WWW || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Howard Chang. "The Effect of Offer-of-Settlement Rules on the Terms of Settlement," 28 Journal of Legal Studies 489 (1999).
Full text: LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse Fried. "The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics," 82 Cornell Law Review 1279 (1997).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse M. Fried. "The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics," 82 Cornell Law Review 1279 (1997).
Bebchuk, Lucian A. & Andrew Guzman. "How Would You Like to Pay for That? The Strategic Effects of Fee Arrangements on Settlement Terms," 1 Harvard Negotation Law Review 53 (1996).
Full text: WWW || HEIN (Harvard Users) || HEIN || WESTLAW
Bebchuk, Lucian A. & Jesse Fried. "The Uneasy Case for the Priority of Secured Claims in Bankruptcy," 105 Yale Law Journal 857 (1996).
Full text: WWW || HEIN (Harvard Users) || HEIN || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. "A New Theory Concerning the Credibility and Success of Threats to Sue," 25 Journal of Legal Studies 1 (1996).
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Bebchuk, Lucian A. & Howard Chang. "An Analysis of Fee-Shifting Based on the Margin of Victory: On Frivolous Suits, Meritorious Suits, and the Role of Rule 11," 25 Journal of Legal Studies 371 (1996).
Full text: WWW || LEXIS || SSRN (Harvard Users) || SSRN || WESTLAW
Bebchuk, Lucian A. & Jesse M. Fried. "The Uneasy Case for the Priority of Secured Claims in Bankrutcy," 105 Yale Law Journal 857 (1996).
(subsequently reprinted in Charles J. Tabb, Bankruptcy Anthology (Anderson, 2001))
Bebchuk, Lucian A., Louis Kaplow & Jesse M. Fried. "Concentration in the Israeli Economy and Bank Investment in Nonfinancial Companies," 42 Economic Quaterly 643 (1996).
(in Hebrew)
Bebchuk, Lucian A. "Efficient and Inefficient Sales of Corporate Control," 109 Quarterly Journal of Economics 957 (1994).
Full text: WWW
Bebchuk, Lucian A. & Chaim Fershtman. "The Effects of Insider Trading on Insiders' Choice Among Risky Investment Projects," 29 Journal of Financial and Quantitative Analysis 1 (1994).
Full text: WWW
Bebchuk, Lucian A. & C. Fershtman. "The Effects of Insider Trading on Insiders' Effort in Good and Bad Times," 9 European Journal of Political Economy 469 (1993).
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Bebchuk, Lucian A. & Louis Kaplow. "Optimal Sanctions and Differences in Individuals' Likelihood of Avoiding Detection," 13 International Review of Law and Economics 217 (1993).
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Bebchuk, Lucian A. & Lars Stole. "Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects?" 48 Journal of Finance 719 (1993).
Full text: WWW
Bebchuk, Lucian A. & Louis Kaplow. "Optimal Sanctions When Individuals are Imperfectly Informed about the Probability of Apprehension," 21 Journal of Legal Studies 365 (1992).
Full text: WWW
Bebchuk, Lucian A. & Howard F. Chang. "Bargaining and the Division of Value in Corporate Reorganization," 8 Journal of Law, Economics, and Organization 253 (1992).
Full text: WWW
Bebchuk, Lucian A. "Federalism and the Corporation: The Desireable Limits on State Competition in Corporate Law," 105 Harvard Law Review 1435 (1992).
Full text: WWW
(Reprinted in Company Law, (Sally Wheeler ed., New York University Press, 1993); and (translated in Japanese) in 50 Ryvdai Law Review (1993))
Bebchuk, Lucian A. & Steven M. Shavell. "Information and the Scope of Liability for Breach of Contract: The Rule of Hadley v. Baxendale," 7 Journal of Law, Economics, and Organization 284 (1991).
Full text: WWW
Bebchuk, Lucian A. & Marcel Kahan. "A Framework for Analyzing Legal Policy Toward Proxy Contests," 78 California Law Review 1071 (1990).
Full text: WWW
Bebchuk, Lucian A. "The Debate on Contractual Freedom in Corporate Law," 89 Columbia Law Review 1395 (1989).
Full text: WWW
(Reprinted (translated into Japenese) in 7 Sapporo Gakvin Law Review 89 (1991); and in 32 Corporate Practice Commentator, (F. Hodge O'Neal, ed.) 425 (1990))

Articles in a Newspaper
Bebchuk, Lucian A. "The Myth of Hedge Funds as 'Myopic Activists'," Wall Street Journal, August 7, 2013.
Full text: WWW
Bebchuk, Lucian A. "Don't Make Poison Pills More Deadly," New York Times, February 7, 2013, DealBook.
Full text: WWW
Bebchuk, Lucian A. & Robert Jackson Jr. "Voluntary Disclosure on Corporate Political Spending Is Not Enough," New York Times, December 17, 2012, DealBook.
Full text: WWW
Bebchuk, Lucian A. "Letting Shareholders Know How Their Money Is Spent," New York Times, November 14, 2012, DealBook.
Full text: WWW
Bebchuk, Lucian A. "For Whom Golden Parachutes Shine," New York Times, October 24, 2012, DealBook.
Full text: WWW
Bebchuk, Lucian A. "Investing in Good Governance," New York Times, September 12, 2012, DealBook.
Full text: WWW
Bebchuk, Lucian A. "Don't Discourage Outside Shareholders," New York Times, August 15, 2012, DealBook.
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Bebchuk, Lucian A. "Giving Shareholders a Voice," New York Times, April 19, 2012, DealBook.
Full text: WWW
Bebchuk, Lucian A. "An Antidote for the Corporate Poison Pill," Wall Street Journal, Feb., 24, 2011.
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Bebchuk, Lucian A. "Pricing Corporate Governance," Project Syndicate, November 26.
Full text: WWW
Bebchuk, Lucian A. "Rating the Raters," Project Syndicate, May.
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Bebchuk, Lucian A., Alma Cohen & Holger Spamann. "Paid to Fail," Project Syndicate, March.
Full text: WWW
Bebchuk, Lucian A. "Politics and Corporate Money," Project Syndicate, September 2010.
Full text: WWW
Bebchuk, Lucian A. "How to Pay a Banker," Project Syndicate, July 2010.
Full text: WWW
Bebchuk, Lucian A. "Don't Gut Proxy Access," New York Times Online, June 21, 2010, DealBook.
Full text: WWW
Bebchuk, Lucian A. "Corporate Political Speech is Bad for Shareholders," Project Syndicate, February 2010.
Full text: WWW
Bebchuk, Lucian A., Cremers Martijn & Peyer Urs. "The CEO Pay Slice," Project Syndicate, January 2010.
Full text: WWW
Bebchuk, Lucian A. "Who Should Be Bailed Out?" Project Syndicate, December 2009.
Full text: WWW
Bebchuk, Lucian A., Alma Cohen & Holger Spamann. "Bankers had Cashed in Before the Music Stopped," Financial Times, December 6, 2009, Opinion.
Full text: WWW
Bebchuk, Lucian A. & Jesse M. Fried. "Taming the Stock Option Game," Project Syndicate, November 2009.
Full text: WWW
Bebchuk, Lucian A. "Should Bondholders be Bailed Out?" Project Syndicate, October 2009.
Full text: WWW
Bebchuk, Lucian A. & Holger Spamann. "Reducing Incentives for Risk-Taking," New York Times, October 12, 2009, Dealbook.
Full text: WWW
Bebchuk, Lucian A. "Why Financial Pay Shouldn't be Left to the Market," Project Syndicate, August 2009.
Full text: WWW
Bebchuk, Lucian A. "Bonus Guarantees Can Fuel Risky Moves," Wall Street Journal Online, August 27, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Regulate Financial Pay to Reduce Risk-Taking," Financial Times, August 4, 2009.
Full text: WWW
Bebchuk, Lucian A. & Alma Cohen. "Op-Ed: Back to the Good Times on Wall Street," Wall Street Journal Online, July 31, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Paying for Performance at Goldman," Wall Street Journal Online, July 24, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: The Fall of the Toxic-Assets Plan," Wall Street Journal Online, July 9, 2009.
Full text: WWW
Bebchuk, Lucian A. "Toxic Tests," Project Syndicate, June 2009.
Full text: WWW
Bebchuk, Lucian A. & Jesse Fried. "Op-Ed: Equity Compensation for Long-Term Results," Wall Street Journal Online, June 16, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: The False Promise of Global Governance Standards," Project Syndicate, May 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: The SEC's Proxy Access Proposal," Wall Street Journal Online, May 27, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Near-Sighted Stress Tests," Forbes.com, May 20, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: The PPIP: keep banks out," FinancialTimes.com, May 5, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: How to Avoid Overpaying for Toxic Assets," Wall Street Journal Online, April 21, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: A Fix for Geithner's Plan," Washington Post, March 31, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: AIG Still Isn't Too Big to Fail," Wall Street Journal, March 20, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Jump-Starting The Market For Troubled Assets," Forbes, March 3, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Congress Gets Punitive on Executive Pay," Wall Street Journal, February 17, 2009.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Pay Cap Debate," Wall Street Journal, February 6, 2009.
Full text: WWW
Bebchuk, Lucian A. & Itay Goldstein. "Op-Ed: How to Give Banks Confidence to Lend to Businesses," Financial Times, December 19.
Full text: WWW
Bebchuk, Lucian A. "The Rescue Plan: Direct Capital Investments Would be Better For Both Markets and Taxpayers," Financial Times: Economist's Forum, October 1, 2008.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: How to Pay Less For Distressed Financial Assets," Wall Street Journal, September 26, 2008.
Full text: WWW
Bebchuk, Lucian A. "Insider Luck," Harvard Magazine, March-April 2007.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Inside Jobs," Wall Street Journal, January 6, 2007.
Full text: WWW
Bebchuk, Lucian A. & Urs Peyer. "Op-Ed: 'Lucky' Grants Point to a Deeper Governance Malaise," Financial Times, December 18, 2006.
Full text: WWW
Bebchuk, Lucian A. & Rakesh Khurana. "Op-Ed: The Compensation Game," Harvard Business School Working Knowledge, August 30, 2006.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: Investors Must Have Power, Not Just Figures on Pay," Financial Times, July 27, 2006.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: The SEC: Beyond Disclosure," Forbes, January 19, 2006.
Full text: WWW
Bebchuk, Lucian A. "Op-Ed: How Much Does the Boss Make?" Wall Street Journal, January 18, 2006.
Full text: WWW
Bebchuk, Lucian A. "The Disney Verdict and the Protection of Investors," Financial Times, August 11, 2005.
Full text: WWW
Bebchuk, Lucian A. "What's $13 Million Among Friends?" New York Times, January 17, 2005.
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Bebchuk, Lucian A. "Making Directors Accountable," Harvard Magazine, Nov-Dec 2003, at 29.
(http://www.law.harvard.edu/faculty/bebchuk/)
Bebchuk, Lucian A. "Why Shareholders Must Have More Power," Financial Times, Oct. 21 2003, Op-Ed, at 1.
Full text: WWW
Bebchuk, Lucian A. & Alma Cohen. "Not-So-Fierce Rivalry," The Daily Deal, January 31, 2003, at xx.
Full text: WWW
Bebchuk, Lucian A. & Oliver Hart. "A Threat to Dual Class Shares," Financial Times, May 31, 2002, (Op-Ed), at 13.
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Bebchuk, Lucian A. & David Walker. "A Hard Division," Legal Times, November 20, 2000, at 31.
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Bebchuk, Lucian A. & David Walker. "Breaking Up is Hard to Do," The Financial Times, October 4, 2000, at 13.
Full text: WWW

Working or Discussion Papers
"The Harvard Law School Proxy Access Roundtable," The Harvard M. Olin Discussion Paper Series, No. 661 (2010).
Full text: WWW
Bebchuk, Lucian A. "How to Fix Bankers? Pay," Harvard Law School Olin Discussion Paper, No. 677 (2010).
Full text: SSRN
(Daedalus, Volume 139, pp. 52?60, 2010)
Bebchuk, Lucian A., Alma Cohen & Charles C.Y. Wang. "Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments," Harvard Olin Disucssion Series, No. 697 (2010).
Full text: WWW
Bebchuk, Lucian A. "How To Make TARP II Work," The Harvard M. Olin Discussion Paper Series, No. 626 (2009).
Full text: SSRN
Bebchuk, Lucian A. & Holger Spamann. "Regulating Bankers' Pay," The Harvard M. Olin Discussion Paper Series, No. 641 (2009).
Full text: WWW
Bebchuk, Lucian A. "Unfreezing Credit Markets," The Harvard M. Olin Discussion Paper Series, No. 622 (2008).
Full text: SSRN
Bebchuk, Lucian A. & Oren Bar-Gill. "Consent and Exchange," Harvard Law School Olin Discussion Paper, No. 590 (2007).
Full text: SSRN
Bebchuk, Lucian A., Martijn Cremers & Urs Peyer. "CEO Centrality," Harvard Law School Olin Discussion Paper, No. 601 (2007).
Full text: SSRN
Bebchuk, Lucian A., Jay W. Eisenhofer, Stuart M. Grant, Michael J. Barry & P. Bradford deLeeuw. "On the Validity of Poison Pill By-laws," Working Draft (2006).
Full text: SSRN
Bebchuk, Lucian A., Yaniv Grinstein & Urs Peyer. "Lucky CEOs," Harvard Law School Olin Discussion Paper, No. 566 (2006).
Full text: SSRN
Bebchuk, Lucian A., Yaniv Grinstein & Urs Peyer. "Lucky Directors," Harvard Law School Olin Discussion Paper, No. 573 (2006).
Full text: SSRN
Bebchuk, Lucian A., Martijn Cremers & Urs Peyer. "Pay Distribution in the Top Executive Team," Harvard Law School Olin Discussion Paper, No. 574 (2006).
Full text: SSRN
Bebchuk, Lucian A. & Robert Jackson. "Putting Executive Pensions on the Radar Screen," Harvard Olin Discussion Paper, No. 507 (2005).
Full text: WWW || SSRN (Harvard Users)
Bebchuk, Lucian A. & Jesse Fried. "Pay without Performance: Overview of the Issues," SSRN Working Paper [Social Science Research Network] (2005).
Full text: SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Jesse Fried. "Executive Compensation at Fannie Mae: A Case Study of Perverse Incentives, Nonperformance Pay, and Camouflage," Harvard Olin Discussion Paper, No. 505 (2005).
Full text: SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Yaniv Grinstein. "Firm Expansion and CEO Pay," Harvard Law School Olin Discussion Paper, No. 533 (2005).
Full text: SSRN
Bebchuk, Lucian A. & Zvika Neeman. "A Political Economy Model of Investor Protection," Incomplete Working Draft (2005).
Full text: WWW
Bebchuk, Lucian A., Allen Ferrell, Reinier H. Kraakman, Mark J. Roe & Guhan Subramanian. "Placing Election Bylaws on the Corporate Ballot," Harvard PON Working Paper, No. 915403 (2005).
Full text: SSRN
"Symposium on Corporate Elections," John M. Olin Center for Law, Economics and Business, Harvard Law School, Discussion Paper Series No. 448 (2003).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. & Oren Bar-Gill. "Misreporting Corporate Performance," John M. Olin Center for Law, Economics and Business, Harvard Law School, Discussion Paper Series No. 4000 (2002).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A., Oren Bar-Gill & Michal Barzuza. "The Market for Corporate Law," John M. Olin Center for Law, Economics and Business, Harvard Law School, Discussion Paper Series No. 377 (2002).
Full text: WWW || SSRN (Harvard Users) || SSRN
(Also published as: NBER Working Paper No. 9156)
Bebchuk, Lucian A. "Ex Ante Investments and Ex Post Externalities," John M. Olin Center for Law, Economics and Business, Harvard Law School, Discussion Paper Series No. 397 (2002).
Full text: WWW || SSRN (Harvard Users) || SSRN
Bebchuk, Lucian A. "Takeover Bids vs. Proxy Fights in Contests for Corporate Control," John M. Olin Center for Law, Economics and Business, Harvard Law School, Discussion Paper Series, No. 336 (2001).
Full text: WWW || SSRN (Harvard Users) || SSRN
(NBER Working Paper No. 8633)

Reports or Studies
Bebchuk, Lucian A., Martijn Cremers & Urs Peyer. "The CEO Pay Slice" (2009).
Full text: WWW

Presentations
Bebchuk, Lucian A., Nell Minow & Joseph Stiglitz. Compensation in the Financial Industry, Testimony before the House Committee on Financial Services (January 22, 2010) (Jan. 22, 2010).
Full text: WWW
Bebchuk, Lucian A. & Jesse Fried. Improving Executive Compensation (June 2003).
Full text: WWW

Works in Progress
Bebchuk, Lucian A., John C. Coates & Guhan Subramanian. The Effect of Takeover Defenses (2006).
(Discussion Paper, Harvard Law School Olin Center for Law, Economics & Business)

Representative Publications