Search Results - "Roe, Mark J."
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STOCK MARKET SHORT-TERMISM'S IMPACT
Published in University of Pennsylvania law review (01-12-2018)“…Stock-market—driven short-termism is crippling the American economy, according to legal, judicial, and media analyses. Firms forgo the R&D they need, cut…”
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The Derivatives Market's Payment Priorities as Financial Crisis Accelerator
Published in Stanford law review (01-03-2011)“…Chapter 11 bars bankrupt debtors from immediately repaying their creditors, so that the bankrupt firm can reorganize without creditors' cash demands shredding…”
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Clearinghouse Overconfidence
Published in California law review (01-12-2013)“…Regulatory reaction to the 2008—2009 financial crisis focused on complex financial instruments that deepened the crisis. A consensus emerged that these risky…”
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BREAKING BANKRUPTCY PRIORITY: HOW RENT-SEEKING UPENDS THE CREDITORS' BARGAIN
Published in Virginia law review (01-10-2013)“…In Part I we will outline baseline absolute priority. We will show how fixed priority is central to the conventional static conceptualization of bankruptcy. In…”
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STRUCTURAL CORPORATE DEGRADATION DUE TO TOO-BIG-TO-FAIL FINANCE
Published in University of Pennsylvania law review (01-05-2014)“…Corporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown too large to be…”
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ASSESSING THE CHRYSLER BANKRUPTCY
Published in Michigan law review (01-03-2010)“…Chrysler entered and exited bankruptcy in forty-two days, making it one of the fastest major industrial bankruptcies in memory. It entered as a company widely…”
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A Theory of Path Dependence in Corporate Ownership and Governance
Published in Stanford law review (01-11-1999)“…Corporate structures differ among the advanced economies of the world. We contribute to an understanding of these differences by developing a theory of the…”
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Delaware's Shrinking Half-Life
Published in Stanford law review (01-12-2009)“…A revisionist consensus among corporate law academics has begun to coalesce that, after a century of academic thinking to the contrary, states do not compete…”
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Dodge v. Ford: What Happened and Why?
Published in Vanderbilt law review (01-11-2021)“…Behind Henry Ford's business decisions that led to the widely taught, [up arrow]amous-in-law-school Dodge v. Ford shareholder primacy decision were three…”
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Public and private enforcement of securities laws: Resource-based evidence
Published in Journal of financial economics (01-08-2009)“…Ascertaining which enforcement mechanisms work to protect investors has been both a focus of recent work in academic finance and an issue for policy-making at…”
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Legal Origins, Politics, and Modern Stock Markets
Published in Harvard law review (01-12-2006)“…Legal origin--civil vs. common law--is said in much modern economic work to determine the strength of financial markets and the structure of corporate…”
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What Is Stock Market Short-Termism?
Published in The Business Lawyer (22-09-2022)“…What precisely is stock market short-termism? For an issue that pervades corporate governance thinking, rhetoric, and policymaking, one would think that we…”
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A CAPITAL MARKET, CORPORATE LAW APPROACH TO CREDITOR CONDUCT
Published in Michigan law review (01-10-2013)“…The problem of creditor conduct in a distressed firm—for which policymakers ought to have the distressed firm's economically sensible repositioning as a…”
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Political instability: Effects on financial development, roots in the severity of economic inequality
Published in Journal of Comparative Economics (01-09-2011)“…► Political instability impedes financial development. ► Does so more powerfully than other explanations. ► Uses instrumental variable and fixed effects…”
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Looking for the Economy‐Wide Effects of Stock Market Short‐Termism
Published in Journal of Applied Corporate Finance (01-12-2021)“…To investigate the widespread claim that stock market “short‐termism” is a major drag on U.S. corporate investment and the broad economy, the author examines…”
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Derivatives Markets in Bankruptcy
Published in Comparative economic studies (01-09-2013)“…By treating derivatives and financial repurchase agreements much more favorably than it treats other financial vehicles, American bankruptcy law subsidizes…”
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Corporate Law’s Limits
Published in The Journal of legal studies (01-06-2002)“…A strong theory has emerged that the quality of corporate law in protecting distant shareholders primarily determines whether ownership and control separate…”
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Corporate Short-Termism—In the Boardroom and in the Courtroom
Published in The Business Lawyer (01-08-2013)“…A long-held view in corporate circles has been that furious rapid trading in stock markets has been increasing in recent decades, justifying corporate…”
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Delaware's Competition
Published in Harvard law review (01-12-2003)“…One of corporate law's enduring issues has been whether state-to-state competitive pressures on Delaware make for a race to the top or to the bottom. States,…”
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Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in "The Law-Growth Nexus"
Published in Journal of Economic Literature (01-09-2009)“…Strong financial markets are widely thought to propel economic development, with many in finance seeing legal tradition as fundamental to protecting investors…”
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