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Bebchuk, Lucian A. - 2009

This paper analyzes how government intervention in the market for banks' troubled assets is best designed, and also uses this analysis to evaluate the public-private investment program announced by the U.S. government in March 2009. I begin by presenting the case for using government funds to...

Persistent link: https://www.econbiz.de/10013160462

A Plan for Addressing the Financial Crisis

Bebchuk, Lucian A. - 2012

Persistent link: https://www.econbiz.de/10012755056

Corporate Political Speech : Who Decides?

Bebchuk, Lucian A. - 2010

Persistent link: https://www.econbiz.de/10013138595

Private Ordering and the Proxy Access Debate

Bebchuk, Lucian A. - 2012

This Article examines two “meta” issues raised by opponents of the SEC's proposal to provide shareholders with rights to place director candidates on the company's proxy materials. First, opponents argue that, even assuming proxy access is desirable in many circumstances, the existing...

Persistent link: https://www.econbiz.de/10013116592

Using Options to Divide Value in Corporate Bankruptcy

Bebchuk, Lucian A. - 2009

This paper revisits the proposal to use options in corporate bankruptcy that was put forward in Bebchuk (1988 …). According to the proposed procedure, corporate bankruptcy should be implemented through the distribution to participants of … appropriately designed options. The paper starts by discussing the goals that should guide the design of bankruptcy procedures. The …

Persistent link: https://www.econbiz.de/10012722230

A Theory of Path Dependence in Corporate Ownership and Governance

Bebchuk, Lucian A. - 2009

Corporate structures differ among the advanced economies of the world. We contribute to an understanding of these differences by developing a theory of the path dependence of corporate structure. The corporate structures that an economy has at any point in time depend in part on those that it...

Persistent link: https://www.econbiz.de/10012722236

A Rent-Protection Theory of Corporate Ownership and Control

Bebchuk, Lucian A. - 2009

This paper develops a rent-protection theory of corporate ownership structure--and in particular, of the choice between concentrated and dispersed ownership of corporate shares and votes. The paper analyzes the decision of a company's initial owner whether to maintain a lock on control when the...

Persistent link: https://www.econbiz.de/10012722247

Optimal Defaults for Corporate Law Evolution

Bebchuk, Lucian A. - 2015

Public corporations live in a dynamic and ever-changing business environment. This paper examines how courts and legislators should choose default arrangements in the corporate area to address new circumstances. We show that the interests of the shareholders of existing companies would not be...

Persistent link: https://www.econbiz.de/10012708271

The Harvard Law School Proxy Access Roundtable

Bebchuk, Lucian A. - 2010

Persistent link: https://www.econbiz.de/10013148805

The untenable case for keeping investors in the dark

Bebchuk, Lucian A.; Jackson, Robert J.; Nelson, James D.; … - 2019

This Article seeks to contribute to the heated debate on the disclosure of political spending by public companies. A rulemaking petition urging SEC rules requiring such disclosure has attracted over 1.2 million comments since its submission seven years ago, but the SEC has not yet made a...

Persistent link: https://www.econbiz.de/10012174247