Economic Analysis of Corp. Securities Law

3 Credit Hours

This seminar will focus on using economic and statistical analysis to study the core issues in corporate and securities laws. The topics include: the relationship between shareholder protection, ownership concentration, and economic development; the role of the board of directors; shareholder litigation; various forms of insider or majority-shareholder theft; shareholder voting; the role of institutional shareholders (especially activist shareholders); executive compensation; and the borrowing of foreign corporate and securities regimes through cross-listing and other channels. For all of these topics, will we look into both theoretical and empirical research. For some topics, we will also consider empirical evidence from other countries, and especially from massive cross-country studies involving dozens of countries and thousands of companies.