Corporate Governance

Research on board structure, executive compensation, and shareholder activism.

Working Papers

Working PaperDoes Share Repurchase Legalization Really Harm Corporate Investments?

with Elliot Tobin

Working PaperOwnership Complexity and Firm Value: Evidence from Korean Chaebols

with Akash Chattopadhyay and Sean Shin

Working PaperStewardship Codes and Shareholder Voting on Disputed Ballot Measures

with Trang Nguyen

Publications

Half the Firms, Twice the Profits: Public Firms' Transformation, 1996–2022

with Mark J. Roe

Journal of Finance, Law, and Accounting (2024)

Reproducibility in Management Science

with M. Fisar et al.

Management Science (2023)

How Much Should We Trust Staggered Difference-In-Differences Estimates?

with Andrew C. Baker and David F. Larcker

Journal of Financial Economics (2022)

Can Staggered Boards Improve Firm Value? Evidence from the Massachusetts Natural Experiment

with Rob Daines and Shelly Xin Li

Contemporary Accounting Research (2022)

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

with Jesse Fried

European Financial Management (2021)

The EU's Corporate Sustainability Initiative

with Mark Roe, Holger Spamann, and Jesse Fried

Yale Journal on Regulation Bulletin (2021)

Governance through Shame and Aspiration: Index Creation and Corporate Behavior

with Akash Chattopadhyay and Matthew Shaffer

Journal of Financial Economics (2020)

Short-termism and Capital Flows

with Jesse Fried

Review of Corporate Finance Studies (2019)

Reexamining Staggered Boards and Shareholder Wealth

with Alma Cohen

Journal of Financial Economics (2017)

Golden Parachutes and the Wealth of Shareholders

with Lucian Bebchuk and Alma Cohen

Journal of Corporate Finance (2014)

How Do Staggered Boards Affect Shareholder Value? Evidence from a Natural Experiment

with Alma Cohen

Journal of Financial Economics (2013)

Learning and the Disappearing Association between Governance and Returns

with Lucian Bebchuk and Alma Cohen

Journal of Financial Economics (2013)