Professional Op-eds
Inadequate Capital Took Down SVB https://thehill.com/opinion/finance/3910760-inadequate-capital-and-unrestricted-executive-compensation-took-down-svb/
Cybersecurity, Corporate Directors, and Caremark https://thehill.com/opinion/cybersecurity/3789660-how-corporate-boards-can-ensure-cybersecurity-is-mission-critical/
The SEC’s New Repurchase Disclosure Rules https://leeds-faculty.colorado.edu/bhagat/NACD-Directorship-Q3-2023.pdf
Shareholders vs. Stakeholders: The Role of Corporate Directors http://leeds-faculty.colorado.edu/bhagat/DirectorsAndBoards-December-2020.pdf
Cyber Breaches and Insider Trading DirectorsAndBoardsMarch2023 Pdf is here
An Inconvenient Truth About ESG Investing https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investing
Directors of Successful Startups http://leeds-faculty.colorado.edu/bhagat/NACD-Directorship-JulyAug2020-Bhagat.pdf
IPO Valuation http://leeds-faculty.colorado.edu/bhagat/Directors-IPOs-2021.pdf
Incentive Pay Reform: https://leeds-faculty.colorado.edu/bhagat/viewpoint-NACD-2022-Bhagat-Elson.pdf
Why Do Venture Capitalists Use Such High Discount Rates? http://www.emeraldinsight.com/doi/full/10.1108/JRF-08-2013-0055
Why Executive Compensation Clawbacks Don’t Work https://hbr.org/2021/03/why-executive-compensation-clawbacks-dont-work?ab=hero-subleft-1
There’s a better path than regulation to fix stock buybacks https://thehill.com/opinion/finance/592524-theres-a-better-path-than-regulation-to-fix-stock-buybacks?rl=1#bottom-story-socials
Outsourcing Manufacturing to China Endangers U.S. Security and Public Health https://www.washingtontimes.com/news/2020/apr/13/outsourcing-manufacturing-to-china-endangers-us-se/
Rule of Law Leads to More Jobs And Less Poverty https://thehill.com/opinion/criminal-justice/3658632-theres-no-denying-the-rule-of-law-has-a-positive-economic-impact/
Selected Academic Publications
The Costs of Inefficient Bargaining and Financial Distress: Evidence from Corporate Lawsuits,” Journal of Financial Economics, with J.A. Brickley and J.L. Coles.
“Do Trademark Infringement Lawsuits Affect Brand Value?” Journal of Market-Focused Management, with U.N. Umesh.
“The Shareholder Wealth Implications of Corporate Lawsuits,” Financial Management, with J.L. Coles and J. Bizjak.
“Shareholder Litigation: Share Price Movements, News Releases, and Settlement Amounts,” Managerial & Decision Economics, with J.D. Beck.
“Empirical Studies of Corporate Law,” in Handbook of Law & Economics edited by Mitch Polinsky and Steven Shavell (Harvard Law School), North Holland, with Roberta Romano.
“Indemnification and Liability Insurance for Corporate Management: The Effect on Shareholder Wealth,” Journal of Risk and Insurance, with James Brickley and Jeff Coles.
“The Effect of Corporate Governance on Performance,” in Corporate Governance: A Synthesis of Theory, Research, and Practice, John Wiley & Sons, with Brian Bolton and Roberta Romano.
“Valuation of IPOs,” in The Oxford Handbook of Venture Capital, Oxford University Press, with Rajesh Aggarwal and S. Rangan.
“Reforming Executive Compensation: Simplicity, Transparency and Committing to the Long-term,” European Company and Financial Law Review, with Roberta Romano.
“The Impact of Fundamentals on IPO Valuation,” Financial Management, with Rajesh Aggarwal and S. Rangan.
“The Promise and Perils of Corporate Governance Indices,” Columbia Law Review, with Roberta Romano and Brian Bolton.
“Event Studies and the Law: Part I: Technique and Corporate Litigation,” American Law and Economics Review, with Roberta Romano.
“Do Tender Offers Create Value? New Methods and Evidence,” Journal of Financial Economics, with David Hirshleifer, Ming Dong, and Robert Noah.
“Investment and Internal Funds of Distressed Firms,” Journal of Corporate Finance, with Nathalie Moyen and Inchul Suh.
“Event Studies and the Law: Part II: Empirical Studies of Corporate Law,” American Law and Economics Review, with Roberta Romano.
The Econometrics of Corporate Governance Studies, MIT Press, Cambridge, MA, 2002, (second edition, 2005) with Richard Jefferis.
“Real Options in the Telecommunications Industry,” in Real Options: The New Investment Theory and its Implications for Telecommunications Economics, Kluwer Academic Publishers, Boston, MA.
“Why Consumers Choose Managed Mutual Funds Over Index Funds: Hypotheses from Consumer,” Journal of Consumer Affairs, with D.R. Lichtenstein and P.J. Kaufman.
Corporate Performance and Blockholdings of Investment Professionals, Association for Investment and Research (AIMR), with B.S. Black and M. Blair.
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