Prerequisites: Open to students who have had some basic exposure to empirical methods and to other students with the permission of the instructors. Because of the different issues covered, the course will be open to students who took the course Empirical Law and Economics in the Fall of 2014.
Exam Type: No exam.
Students will be asked to submit, before sessions, a brief memo on the assigned readings as well as to make some presentations in class. Grades will be based on these memos and presentations as well as on class discussion.
Empirical methods have been playing an increasingly central role in the analysis of issues in corporate, securities and capital markets law. The aim of this course will be to give students a sense of the empirical methods that have been applied to the study of such issues, some key issues to which such methods have been applied, and how to evaluate and criticize such empirical studies. Among the subjects we may cover are antitakeover defenses and statutes, regulatory competition in corporate law, the effects of shareholder activism, insider opportunism and corporate structures around the world. Some sessions will feature speakers who do current empirical research. Readings will be mainly from articles in law reviews and economics or finance journals. Some priori exposure to, or familiarity with, empirical methods (for example, from an undergraduate course on empirical methods) will be helpful.