Showing results 1 - 7 of 7
| Lucian Bebchuk
December 15, 2020, Video: "London Business School's Centre for Corporate Governance held this virtual event on 10 December 2020, in partnership with the European Corporate Governance Institute and the Harvard Law School Program on Corporate Governance."
Non-HKS Harvard Author Website - Lucian Bebchuk
| Lucian Bebchuk
August 6, 2020, Opinion: "By putting American workers through months of turmoil, the Covid-19 crisis has heightened expectations that large companies will serve the interests of all “stakeholders,” not only shareholders. The Business Roundtable raised such expectations last summer by issuing a statement on corporate purpose, in which the CEOs of more than 180 major companies committed to “deliver...."
Non-HKS Harvard Author Website -…
| Lucian Bebchuk
June 25, 2020, Video, "Join Professor A. Lucian Bebchuk of the Harvard Law School and Professor Colin Mayer, CBE of Saïd Business School, Oxford as they debate one of the great controversies in business today – should it be governed and run for shareholder or stakeholder interests?" Watch Via the Said Business School, Oxford on Youtube
Non-HKS Author Website -…
| Lucian Bebchuk
March 2, 2020, Paper: "Corporate purpose is now the focus of a fundamental and heated debate, with rapidly growing support for the proposition that corporations should move from shareholder value maximization to “stakeholder governance” and “stakeholder capitalism.” In a new study, The Illusory Promise of Stakeholder Governance, we critically…
| Lucian Bebchuk
The Agency Costs of Controlling Shareholders. Lucian Bebchuk, 2018, Paper, "Economists, legal scholars and courts focus on the wedge between controllers' cash flow and voting rights as perhaps the most important source of agency costs. In this Paper, however, we argue that another important source of agency costs is the nature and scale of other businesses owned by the controlling shareholder. Controllers’ ownership of other businesses—…
| Lucian Bebchuk
The Agency Problems of Institutional Investors. Lucian Bebchuk, Summer 2017, Paper, "Financial agency result from problems economics the dispersion between and corporate of corporate ownership governance managers in large have publicly and long shareholders traded focused corpora- on that the Financial agency problems between corporate managers and shareholders that result from the dispersion of ownership in large publicly traded corporations.…
| Lucian Bebchuk
Alibaba’s Governance Leaves Investors at a Disadvantage. Lucian Bebchuk, September 16, 2014, Opinion. "Wall Street is eagerly watching what is expected to be one of the largest initial public offering in history: the offering of the Chinese Internet retailer Alibaba at the end of this week. Investors have been described by the media as “salivating” and “flooding underwriters with orders.” It is important for investors, however, to keep their…