Business/Corporate Law Research
Labor Market Experiments in a Virtual World (with A. Cohn, E. Fehr).
INSURANCE LAW AND POLICY: CASES, MATERIALS AND PROBLEMS (Aspen Publishing 2003; 2d ed. 2008; 3d ed. 2013).
Predicting Securities Fraud Settlements and Amounts: A Hierarchical Bayesian Model of Federal Securities Class Action Lawsuits, 9 J. EMPIRICAL L. STUD. 482 (2012) (with Blakely McShane, Oliver Watson & Sean Griffith).
ENSURING CORPORATE MISCONDUCT: HOW LIABILITY INSURANCE UNDERMINES SHAREHOLDER LITIGATION (University of Chicago Press, 2010) (with Sean Griffith).
The Missing Monitor in Corporate Governance: The Directors’ and Officers’ Liability Insurer, 95 GEO. L.J. 1795 (2007) (with Sean Griffith), reprinted in LAW AND ECONOMICS OF INSURANCE (Daniel Schwarcz ed., Elgar 2012).
EMBRACING RISK: THE CHANGING CULTURE OF INSURANCE AND RESPONSIBILITY (contributing editor, with Jonathan Simon, University of Chicago Press 2002).
Hedge Fund Activism, Poison Pills, and the Jurisprudence of Threat (August 22, 2016), in THE CORPORATE CONTRACT IN CHANGING TIMES: IS THE LAW KEEPING UP? (William Savitt, Steven Davidoff Solomon, Randall Thomas eds., forthcoming)
CORPORATE FINANCE: CASES AND MATERIALS (Foundation Press, 7th ed.).
A World Without Treasuries?, in IS U.S. GOVERNMENT DEBT DIFFERENT? 13 (Franklin Allen et al. eds., 2012).
An Anatomy of Corporate Legal Theory, 24 RESEARCH IN L. & ECON. 21 (2009), reprinted in LAW & ECONOMICS: TOWARD SOCIAL JUSTICE (Dana L. Gold ed., JAI Press 2009).
The Equilibrium Content of Corporate Federalism , 41 WAKE FOREST L. REV. 619 (2006) (with Joseph McCahery), reprinted in 48 CORP. PRAC. COMMENTATOR 855 (2007) and MET RECHT (Peter Essers, et al. eds., Kluwer 2009).
Supersize Pay, Incentive Compatibility and the Volatile Model of the Shareholder, 1 VA. L. & BUS. REV. 55 (2006), reprinted in PERSPECTIVES ON CORPORATE GOVERNANCE (Scott Kieff & Troy Paredes, eds., Cambridge University Press 2010).
Investment Protection in Extraordinary Times: The Interpretation and Application of Non-Precluded Measures Provisions in Bilateral Investment Treaties 48 VA. J. INT'L L. 307 (2007) (with Andreas von Staden).
Motivating Without Mandates: The Role of Voluntary Programs in Environmental Governance, in DECISION MAKING IN ENVIRONMENTAL LAW (Lee Paddock, Robert Glicksman, & Nicholas S. Bryner eds., Elgar forthcoming 2016) (with Jennifer Nash).
Business and Environmental Law, in THE OXFORD HANDBOOK OF BUSINESS AND THE NATURAL ENVIRONMENT (Tima Bansal & Andrew J. Hoffman, eds., 2012) (with Ryan Anderson).
Oversight in Hindsight: Assessing the U.S. Regulatory System in the Wake of Calamity, in REGULATORY BREAKDOWN: THE CRISIS OF CONFIDENCE IN U.S. REGULATION (Cary Coglianese ed., Univ. of Pennsylvania Press, 2012) (with Chris Carrigan).
The Law and Economics of Risk Regulation, in WILEY ENCYCLOPEDIA OF OPERATIONS RESEARCH AND MANAGEMENT SCIENCE (James J. Cochran, ed. 2011).
Beyond Compliance: Explaining Business Participation in Voluntary Environmental Programs, in EXPLAINING COMPLIANCE: BUSINESS RESPONSES TO REGULATION (Vibeke Lehmann Nielsen and Christine Parker, eds.) (with Jonathan Borck) (2011).
Voluntary Environmental Programs: Assessing Their Effectiveness, 34 ANN. REV. ENV'T & RESOURCES 305 (2009) (with Jonathan C. Borck).
Does Majority Voting Improve Board Accountability? (July 29, 2015), U of Penn, Inst for Law & Econ Research Paper No. 15-31: U. Chi. L. Rev. (forthcoming) (with Stephen J. Choi, Marcel Kahan, and Edward B. Rock).
After Halliburton: Event Studies and Their Role in Federal Securities Fraud Litigation (August 1, 2016), U of Penn, Inst for Law & Econ Research Paper No. 16-16 (with Jonah B. Gelbach & Jonathan Klick).
How Powerful is ISS? Less-and in Different Ways-than Most People Think, 19 CORP. GOVERNANCE ADVISOR 7 (2011) (with Stephan Choi and Marcel Kahan).
COPYRIGHT LAW (Foundation Press and Thomson Reuters, 2012) (with Jane C. Ginsburg).
Geoffrey Hazard, Jr.
After Halliburton: Event Studies and Their Role in Federal Securities Fraud Litigation (August 1, 2016), U of Penn, Inst for Law & Econ Research Paper No. 16-16 (with Jill E. Fisch & Jonah B. Gelbach).
Regulation and Litigation: Complements or Substitutes?, in THE AMERICAN ILLNESS: ESSAYS ON THE RULE OF LAW (F. H. Buckley ed., Yale University Press 2013) (with Eric Helland).
Business Taxes and International Competitiveness: Understanding How Taxes Can Distort Capital Ownership and Designing a Nondistortive International Tax System, in DIMENSIONS OF COMPETITIVENESS (Paul De Grauwe, ed., 2010).
International Competitiveness, Tax Incentives, and a New Argument for Tax Sparing: Preventing Double Taxation by Crediting Implicit Taxes (U. Pa. Inst. for Law & Econ., Research Paper No. 08-21, 2008).
Book Review, 85 BUS. HIST. REV. 622 (2011) (reviewing JENNIFER DELTON, RACIAL INTEGRATION IN CORPORATE AMERICA, 1940-1990 (2009)).
Charles Mooney Jr.
Security Interests in Book-Entry Securities in Japan: Should Japanese Law Embrace Perfection by Control Agreement and Security Interests in Securities Accounts?, (April 1, 2016), 37 U. PA. J. INT'L L. (forthcoming 2017) . (with Kumiko Koens).
When is a Dog's Tail Not a Leg?: A Property-Based Methodology for Distinguishing Sales of Receivables from Security Interests That Secure an Obligation, 82 U. CIN. L. REV. 1029 (2014) (with Steven L. Harris).
OFFICIAL COMMENTARY TO THE UNIDROIT CONVENTION ON SUBSTANTIVE RULES FOR INTERMEDIATED SECURITIES (Oxford University Press 2012) (with Hideki Kanda, Luc Thevenoz & Stephane Beraud).
Core Issues Under the UNIDROIT (Geneva) Convention on Intermediated Securities: Views From the United States and Japan, in INTERMEDIATED SECURITIES: LEGAL PROBLEMS AND PRACTICAL ISSUES 69 (Louise Gullifer & Jennifer Payne eds., Hart Publishing, 2010) (with Hideki Kanda).
Private Law and the Regulation of Securities Intermediaries: Perspectives Under the Geneva Securities Convention and United States Law, 2010 UNIF. L. REV. 811.
The (UNIDROIT) Geneva Securities Convention on Intermediated Securities, 24 BUTTERWORTH’S J. INT’L BANKING & FIN. L. 596 (2009).
Law and Systems for Intermediated Securities and the Relationship of Private Property Law to Securities Clearance and Settlement: United States, Japan, and the UNIDROIT Draft Convention, Institute for Monetary and Economic Studies, Discussion Paper No. 2008-E-8 (May 2008).
SECURITY INTERESTS IN PERSONAL PROPERTY (with S. HARRIS, Foundation Press, 2d ed. 1992; Supp. 1999; 3d ed. 2000; 4th ed. 2006; 5th ed. 2011; 6th ed. 2015).
Insolvency Law as Credit Enhancement: The Insolvency-Related Provisions of the Cape Town Convention and the Aircraft Protocol, 13 INT’L INSOLVENCY REV. 24 (2004).
CASES AND MATERIALS ON INTERNATIONAL REGULATION OF TRADE AND INVESTMENT (2006).
THE LAW OF SALES AND SECURED FINANCING (with C. MOONEY & S. HARRIS, 7th ed., Foundation Press 2002).
Does Majority Voting Improve Board Accountability? (July 29, 2015), U of Penn, Inst for Law & Econ Research Paper No. 15-31: U. Chi. L. Rev. (forthcoming) (with Stephen J. Choi, Jill E. Fisch, and Marcel Kahan).
On Improving Shareholder Voting, in RATIONALITY IN COMPANY LAW: ESSAYS IN HONOUR OF DD PRENTICE (Jennifer Payne and John Armour eds., Hart Publishing, 2009) (with Marcel Kahan).
Hedge Funds in Corporate Governance and Corporate Control, 155 U. PA. L. REV. 1021 (2007) (with Marcel Kahan) (winner of the 2007 De Brauw Prize for the best 2006 paper in the ECGI Law Working Paper series).
Financing Systemically Important Financial Institutions in Bankruptcy, in MAKING FAILURE FEASIBLE: HOW BANKRUPTCY REFORM CAN END "TOO BIG TO FAIL" (Kenneth E. Scott, Thomas H. Jackson, & John B. Taylor, eds., Hoover Institution Press 2015).
BANKRUPTCY (Foundation Press 9th ed., 2012) (with William Warren and Daniel J. Bussel).
Leo Strine Jr.
Securing Our Nation’s Economic Future: A Sensible, Nonpartisan Agenda to Increase Long-Term Investment and Job Creation in the United States, 71 BUS. LAW. 1081 (2016).
“Old School” Law School’s Continuing Relevance for Business Lawyers in the New Global Economy: How a Renewed Commitment to Old School Rigor and the Law as a Professional and Academic Discipline Can Produce Better Business Lawyers, 16 CHAPMAN L. REV. 137 (2013).
The Role Of Delaware In The American Corporate Governance System, And Some Preliminary Musings On The Meltdown’s Implications For Corporate Law, in CORPORATE GOVERNANCE: CURRENT ISSUES AND THE FINANCIAL CRISIS 67 (Wilco Oostwouder & Hans Schenk eds., 2011) (written and presented in final form at the Governance of the Modern Firm Conference (Dec.13, 2008)).
Takeover Defense When Financial Markets Are (Only) Relatively Efficient, presented at the ILE Corporate Governance Roundtable, April 2002 and the Preferences and Rationale Choice Symposium, March 2002.
Waiting for the Omelet to Set: Match-Specific Assets and Minority Oppression in the Close Corporation, in CONCENTRATED CORPORATE OWNERSHIP, (Randall Morck ed., NBER/Univ. of Chicago 2000), also published in 24 J. Corp. L. 913 (1999) and 42 CORP. PRACT. COMMENTATOR 1 (2000) (with Edward B. Rock).
Is the Family-Friendly Workplace Possible? Dynamic computer simulations using a game-theoretic model
Family Friendly Workplace Reform: Prospects for Change, in 596 ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE 36 (2004).
Auch (selektive) Steuervergünstigungen sind Beihilfen - Immer! Oder doch nicht? [Even (selective) tax exemptions are state aid - always! or maybe not?] , StudZR 1/2015, p. 21 – 51
Die Niederlassungsfreiheit der Selbstständigen [Freedom of Establishment of Unincorporated Businesses], co-authored with Ann-Katrin Siekemeier, in: Müller-Graff (Ed.), Enzyklopädie Europarecht, Vol. 4: Europäisches Wirtschaftsordnungsrecht, p. 159 – 208
Fee Salience in Retirement Investment Choices (with Jill Fisch).
Fault in Contracts, A Psychological Approach, in FAULT IN AMERICAN CONTRACT LAW (Omri Ben-Shahar & Ariel Porat eds., Cambridge University Press, 2010).
The Class Action Fairness Act and Choice of Law in the Federal Courts (article manuscript)
Compelled Corporate Speech and the Role of Expressive Autonomy Under the First Amendment (article manuscript)
NETWORKS IN TELECOMMUNICATIONS: ECONOMICS AND LAW (Cambridge Univ. Press 2009) (with Daniel F. Spulber).