Skip to main content area Skip to institutional navigation Skip to search Skip to section navigation

William Wilson Bratton

Nicholas F. Gallicchio Professor of Law and Co-Director, Institute for Law and Economics

William Bratton

William Bratton is recognized internationally as a leading writer on business law. He brings an interdisciplinary perspective to a wide range of subject matters that encompass corporate governance, corporate finance, accounting, corporate legal history, and comparative corporate law. His work has appeared in the California, Cornell, Michigan, Northwestern, Pennsylvania, Stanford, Texas, and Virginia law reviews, and the Duke and Georgetown law journals, along with the American Journal of Comparative Law and the Common Market Law Review. His book, Corporate Finance: Cases and Materials (Foundation Press, 8th ed. 2016), is the leading law school text on the subject. Bratton is a Research Associate of the European Corporate Governance Institute. In 2009, he was installed as the Anton Philips Professor at the Faculty of Law of Tilburg University in the Netherlands, the fifth American academic to hold the chair. In 2013, he was Simizu Visiting Professor at the Faculty of Law of the London School of Economics.


CORPORATE FINANCE: CASES AND MATERIALS (Foundation Press, 8th ed. 2016).
[Available Here]

[Available Here]

Articles and Book Chapters

A Tale of Two Markets: Regulation and Innovation in Post-Crisis Mortgage and Structured Finance Markets, 2020 U. ILL. L. REV. 47 (2020) (with Adam J. Levitin).

Corporate Law and the Myth of Efficient Market Control, 105 CORNELL L. REV. 675 (2020) (with Simone Sepe).

The Modern Corporation and Private Property Revisited: Gardiner Means and the Administered Price, 41 SEATTLE U. L. REV. 591 (2019).

Hedge Fund Activism, Poison Pills, and the Jurisprudence of Threat, in THE CORPORATE CONTRACT IN CHANGING TIMES: IS THE LAW KEEPING UP? (Steven Davidoff Solomon & Randall Stuart Thomas eds., Chicago 2019).

The New Bond Workouts.166 U. PA. L. REV. 1597 (2018) (with Adam J. Levitin).

Foreword: Bankruptcy's New and Old Frontiers, 166 U. PA. L. REV. 1571 (2018) (with David A. Skeel).

The Separation of Corporate Law and Social Welfare, 74 WASH. & LEE L. REV. 767 (2017).

Bankers and Chancellors, 93 TEX. L. REV. 1 (2014) (with Michael L. Wachter).

Framing a Purpose for Corporate Law, 39 J. CORP. L. 713 (2014).

A Transactional Genealogy of Scandal: From Michael Milken to Enron to Goldman Sachs, 86 S. CAL. L. REV. 783 (2013) (with Adam J. Levitin).

Shareholders and Social Welfare, 36 SEATTLE U. L. REV. 489 (2013) (with Michael Wachter)

A World Without Treasuries?, in IS U.S. GOVERNMENT DEBT DIFFERENT? 13 (Franklin Allen et al. eds., 2012).

Reforming Securities Law Enforcement: Politics and Money at the Public/Private Divide, in REGULATORY BREAKDOWN: THE CRISIS OF CONFIDENCE IN U.S. REGULATION 200 (Cary Coglianese ed., University of Pennsylvania Press 2012). (with Michael L. Wachter)

The Political Economy of Fraud on the Market, 160 U. PA. L. REV. 69 (2011) (with Michael Wachter).

Heedless Globalism: The SEC’s Roadmap to Accounting Convergence, 79 U. CIN. L. REV. 471 (2011).

Tracking Berle’s Footsteps: The Trail of The Modern Corporation’s Last Chapter, 33 SEATTLE U. L. REV. 849 (2010) (with Michael Wachter).

Unentrapped, 77 GEO. WASH. L. REV. 677 (2009).

The Case Against Shareholder Empowerment, 158 U. PA. L. REV. 653 (2010) (with Michael Wachter)

Treatment Differences and Political Realities in the GAAP-IFRS Debate, 95 VA. L. REV. 989 (2009) (with Lawrence Cunningham).

How Does Corporate Mobility Affect Lawmaking: A Comparative Analysis, 52 AM. J. COMP. L. 347 (2009) (with Joseph McCahery and Erik Vermeulen).

Shareholder Primacy’s Corporatist Origins: Adolf Berle and The Modern Corporation, 34 J. CORP. L. 99 (2008) (with Michael Wachter).

Hedge Funds and Governance Targets, 95 GEO. L.J. 1375 (2007).

The New Dividend Puzzle, 93 GEO. L.J. 845 (2005) (Selected one of the ten best Corporate and Securities Articles of 2005, Corporate Practice Commentator poll of corporate law academics).

More publications can be found here.

Working Papers

Reconsidering the Evolutionary Erosion Account of Corporate Fiduciary Law (December 21, 2020). U of Penn, Inst for Law & Econ Research Paper No. 21-04, University of Miami Legal Studies Research Paper Forthcoming. (forthcoming)
[View Document]


Penn Law – Nicholas F. Gallicchio Professor of Law (2011-); Deputy Dean (2012- ); Professor of Law (2010-11)

Anton Philips Professor, Tilburg University, Department of Business Law (2009-10)

Research Associate – European Corporate Governance Institute (2007- )

Georgetown – Peter P. Weidenbruch, Jr. Professor of Business Law (2007-10); Professor of Law (2003-07)

George Washington University – Samuel Tyler Research Professor of Law (1999–2003)

Rutgers University School of Law-Newark – Professor of Law (Professor II) and Governor Woodrow Wilson Scholar (1995-99); Professor of Law (Professor I) (1990-94)

Professional Activities

Board member, AALS Business Associations Section, 1990-1993, 1999-2003, 2005- 2008.

Board member, AALS Socio-Economics Section, from 1996-1999.

Member, American Law Institute; American Economics Association; American Finance Association; Society of American Law Teachers.


  • Corporations
  • Corporate Finance: Legal Aspects
  • Corporate Governance Seminar

⇱ Return to Top