Papers

Articles for Academic Journals

Expanding Shareholder Voice: The Impact of SEC Guidance on Environmental and Social Proposals (working paper) (with K. Khoo)
Co-winner of Best Paper Prize at the 2024 Berkeley- ECGI Corporate Governance Forum
Media: ECGI Blog

Dual-Class Contracting, 49 Journal of Corporation Law 971 (2024)

Fiduciary Deadlock, 171 University of Pennsylvania Law Review Online (2023)

The Limits of Portfolio Primacy, 76 Vanderbilt Law Review 551 (2023)
Co-winner of Best Paper Prize at the 2021-2022 Bocconi-Oxford Junior Scholar Workshop in Corporate Law
Media: Bloomberg

Stakeholder Capitalism in the Time of COVID, 40 Yale Journal on Regulation 60 (2023) (with L. Bebchuk & K. Kastiel)
Media: Wall Street Journal

Stockholder Politics, 73 Hastings Law Journal 1699 (2022)
Media: New York TimesThe EconomistE&E News

The Perils and Questionable Promise of ESG-Based Compensation, 48 Journal of Corporation Law 37 (2022) (with L. Bebchuk)

Does Enlightened Shareholder Value Add Value?, 77 The Business Lawyer 1 (2022) (with L. Bebchuk & K. Kastiel)

Will Corporations Deliver Value to All Stakeholders?, 75 Vanderbilt Law Review 1031 (2022) (with L. Bebchuk)
Media: National ReviewFortuneWSJUK Today NewsWSJ (2)Financial TimesSt. Louis Post-DispatchFinancial Times (2)

For Whom Corporate Leaders Bargain, 94 Southern California Law Review 1467 (2022) (with L. Bebchuk and Kobi Kastiel)
Media: Financial TimesAgendaThe Economist

The Illusory Promise of Stakeholder Governance, 105 Cornell Law Review 91 (2020) (with L. Bebchuk)
Selected as one of the Top Ten Corporate and Securities Articles of 2021 by the Corporate Practice Commentator
Media: 
ReutersBloombergFinancial TimesThe EconomistFortuneForbesLA TimesWall Street JournalThe Economist (2)Globe and MailLaw360Pension & InvestmentsFinancial Times (2)

The Untenable Case for Keeping Investors in the Dark, 10 Harvard Business Law Review 1 (2020) (with L. Bebchuk, R. Jackson, & J. Nelson)

The Politics of CEOs, 11 Journal of Legal Analysis 1 (2019) (with A. Cohen, M. Hazan, & D. Weiss)
Media: The New York TimesAxiosWall Street JournalCNNMarginal RevolutionQuartz

Essays for a Broader Audience

Who Will Enforce AI’s Social Purpose?, ProMarket, March 16, 2024

AI is Testing the Limits of Corporate Governance, Harvard Business Review, December 2024

The Rise of Shareholder Politics, The Atlantic, June 2021

The Business Roundable and Stakeholders: One Year Later, The Corporate Board, Nov.-Dec. 2020 (with L. Bebchuk)

Stakeholder Capitalism Seems Mostly for Show, Wall Street Journal, Aug. 6, 2020 (with L. Bebchuk)

The Tragedy of Costs and Benefits, Boston Review, May 2020

Blog Posts on Papers

How Regulatory Shifts Have Reshaped ESG Voting Patterns, ProMarket, Feb. 10, 2025 (with K. Khoo)

Expanding Shareholder Voice: The Impact of SEC Guidance on Environmental and Social Proposals, Harv. L. Sch. F. on Corp. Governance, Jan. 16, 2025 (with K. Khoo)

Dual-Class Contracting, Harv. L. Sch. F. on Corp. Governance, Aug. 15, 2024

Will Corporations Deliver Value to All Stakeholders?, Harv. L. Sch. F. on Corp. Governance, May 23, 2022 (with L. Bebchuk)

Have Business Roundtable Companies Lived Up to their Stakeholder Commitments?, ProMarket, May 18, 2022 (with L. Bebchuk)

How Enlightened is Enlightened Shareholder Value?, ProMarket, May 10, 2022 (with L. Bebchuk and K. Kastiel)

Does Enlightened Shareholder Value Add Value?, HLS Forum on Corporate Governance, May 9, 2022 (with L. Bebchuk and K. Kastiel)

The Flaws and Limits of ESG-Based Compensation, ProMarket, Mar. 11, 2022 (with L. Bebchuk)

The Perils and Questionable Promise of ESG-Based Compensation, HLS Forum on Corporate Governance, Mar. 9, 2022 (with L. Bebchuk)

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test, ProMarket, Feb. 24, 2022 (with L. Bebchuk and K. Kastiel)

Stakeholder Capitalism in the Time of COVID, HLS Forum on Corporate Governance, Feb. 22, 2022 (with L. Bebchuk and K. Kastiel)

How Much Can We Trust Index Funds on Climate Change?, ProMarket, Jan. 5, 2022

The Limits of Portfolio Primacy, HLS Forum on Corporate Governance, Nov. 30, 2021

“Stakeholder” Talk Proves Empty Again, Wall Street Journal, Aug. 19, 2021 (with L. Bebchuk)

For Whom Corporate Leaders Bargained, ProMarket, Sept. 15, 2020 (with L. Bebchuk and K. Kastiel)

The Illusory Promise of “Stakeholderism”: Why Embracing Stakeholder Governance Would Fail Stakeholders, ProMarket, Sept. 8, 2020 (with L. Bebchuk)

For Whom Corporate Leaders Bargain, HLS Forum on Corporate Governance, Aug. 25, 2020 (with L. Bebchuk and K. Kastiel)

Was the Business Roundtable Statement on Corporate Purpose Mostly for Show? – (3) Disregard of Legal Constraints, HLS Forum on Corporate Governance, Aug. 19, 2020 (with L. Bebchuk)

Was the Business Roundtable Statement on Corporate Purpose Mostly for Show? – (2) Evidence from Corporate Governance Guidelines, HLS Forum on Corporate Governance, Aug. 18, 2020 (with L. Bebchuk)

Was the Business Roundtable Statement on Corporate Purpose Mostly for Show? – (1) Evidence from Lack of Board Approval, HLS Forum on Corporate Governance, Aug. 12, 2020 (with L. Bebchuk)

The Illusory Promise of Stakeholder Governance, HLS Forum on Corporate Governance, Mar. 2, 2020 (with L. Bebchuk)

The Politics of CEOs, Vox EU, Jul. 24, 2019 (with A. Cohen, with A. Cohen, M. Hazan, & D. Weiss)

The Politics of CEOs, HLS Forum on Corporate Governance, Apr. 2, 2019 (with A. Cohen, with A. Cohen, M. Hazan, & D. Weiss)

Book Chapters

Takeover Regulation in Italy, in European Takeovers: The Art of Acquisition (2005) (with F. Labruna)

Scroll to Top