Using corporate social responsibility (CSR) ratings for 23,000 companies from 114
countries, we find that a firm's CSR rating and its country's legal origin are strongly …

Compliance is the new corporate governance. The compliance function is the means by
which firms adapt behavior to legal, regulatory, and social norms. Formerly, this might have …

Few topics are sexier among commentators on corporate governance now than whether
activist hedge funds are good for, a danger to, or of no real consequence to public …

Purdue's Poison Pill: The Breakdown of Chapter 11 's Checks and Balances Page 1 Purdue's
Poison Pill: The Breakdown of Chapter 11 's Checks and Balances Adam J. Levitin* Purdue …

Corporate governance has become a constant fixture of the academic and policy debates of
our time. 2 It not only figured prominently in the Sarbanes-Oxley Act of 2002 and the Dodd …

Purpose The purpose of this paper is to synthesize insights from existing research on the
disclosure of non-generally accepted accounting principles (GAAP) earnings, from an …

Mutual funds are now the center of power in corporate governance. After decades of strong
growth, mutual funds now own about one-quarter of the total US stock market.'The" Big …

Over the last fifteen years, numerous finance articles have examined the effect of
antitakeover statutes (ATSs) on firm and managerial behavior. In this Article, we evaluate …

There is a substantial literature on noncompete agreements and their adverse impact on
employee mobility and innovation. But a far more common restraint in employment contracts …

We study shareholder voting in a model in which trading affects the composition of the
shareholder base. Trading and voting are complementary, which gives rise to self‐fulfilling …