LAW 520

Corporate Law Policy: Public and Financial Firms

This seminar examines a range of policy issues in corporate law. We will examine these issues not only in the context of public firms, which are generally the focus on corporate law debates, but also in the context of financial institutions, which involve unique risks due to the way they are financed and the impact they have on the rest of the economy. As part of the course, we will analyze the legal and economic arguments that
shape the policy debates and also the quality of the empirical evidence in these areas. Some of the topics we will study include the following: general agency problems in the context of business associations, policy issues in companies with a controlling shareholder, dual class shares, hedge fund activism, institutional investors, issues in mergers and acquisitions, executive compensation, and the interaction between corporate governance and public regulation and enforcement in the context of financial intermediaries.

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