-
Supported By:
Subscribe or Follow
HLS Faculty & Senior Fellows
Program on Corporate Governance Advisory Board
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier
- Renata J. Ferrari
- Andrew Freedman
- Ray Garcia
- Joseph Hall
- Jason M. Halper William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino
- Steven J. Williams
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
Creating a Dynamic Investment Management Regulatory Scheme
Editor’s Note: This post comes to us from Andrew J. Donohue, Director of the Division of Investment Management at the Securities and Exchange Commission, and is based on a recent address by Mr. Donohue to the Practising Law Institute’s Investment Management Institute, the full text of which is available here. The views expressed in the […]
Click here to read the complete post
Posted in Derivatives, Securities Regulation, Speeches & Testimony
Tagged SEC
Comments Off on Creating a Dynamic Investment Management Regulatory Scheme
Corporate Governance Redux in the Light of Citizens United
Editor’s Note: Robert Monks is the founder of Lens Governance Advisors, a law firm that advises on corporate governance in the settlement of shareholder litigation. This post was the basis for a lecture that Mr. Monks recently delivered at Harvard Law School. “Presumably in a free market economy the players require some restraints in their […]
Click here to read the complete postBig Bad Banks?
Editor’s Note: Ross Levine is a Professor of Economics at Brown University. In the paper, Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States, forthcoming in the Journal of Finance, my co-authors (Thorsten Beck and Alexey Levkov) and I assess the impact of bank deregulation on the distribution of income […]
Click here to read the complete postCapital Markets Committee Proposes Blueprint for Compromise on Financial Reform
As Senator Dodd and Senator Shelby continue to meet and search for a bipartisan financial regulatory reform bill, the Committee on Capital Markets Regulation (CCMR), an independent, non-partisan research organization and proponent of broad financial regulatory reform, has sent congressional leaders a letter outlining a blueprint for a compromise that would achieve practical and effective […]
Click here to read the complete postCan a Clearinghouse Really Stop the Next Financial Crisis?
Editor’s Note: Mark Roe is a professor at Harvard Law School, where he teaches bankruptcy and corporate law. This post is based on an op-ed by Professor Roe that appeared today in the Wall Street Journal. As the Senate finalizes its financial reform legislation, a consensus is developing that if we could just get derivatives […]
Click here to read the complete postThe Vote is Cast: The Effect of Corporate Governance on Shareholder Value
In our paper, The Vote is Cast: The Effect of Corporate Governance on Shareholder Value, which was recently made publicly available on SSRN, we present novel evidence of the effect of corporate governance on the market value and long-term performance of firms. We use a regression discontinuity model on the outcomes of votes on governance […]
Click here to read the complete postPrinciples for Tying Equity Compensation to Long-Term Performance
In our recent study, Paying for Long-Term Performance, we provide a detailed blueprint for how equity-based compensation should be designed to tie executive payoffs to long-term results and to avoid excessive risk-taking incentives. Our conclusions can be distilled into the following eight “principles:” 1. Executives should not be free to unload restricted stock and options […]
Click here to read the complete post
Posted in Academic Research, Executive Compensation, HLS Research
1 Comment
Is It Too Late for Goldman Sachs to Play Offense?
Editor’s Note: Ben W. Heineman, Jr. is a former GE senior vice president for law and public affairs and a senior fellow at Harvard University’s schools of law and government. This post is based on an article that first appeared in the online edition of the Harvard Business Review. What should you do to rehabilitate […]
Click here to read the complete post
Posted in Banking & Financial Institutions, Financial Crisis, Financial Regulation, Op-Eds & Opinions
Comments Off on Is It Too Late for Goldman Sachs to Play Offense?
Short Selling in Initial Public Offerings
In our paper, Short Selling in Initial Public Offerings, forthcoming in the Journal of Financial Economics, we use short sale transactions data recently made publicly available to explore the nature of short selling in initial public offerings. Many academic papers rely on the assumption that short selling is constrained early in the IPO process and […]
Click here to read the complete post
Posted in Academic Research, Empirical Research
Tagged Federal Reserve, SEC
Comments Off on Short Selling in Initial Public Offerings