Mark J. Roe
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View article: The Persistent Institutions of Corporate Governance
The Persistent Institutions of Corporate Governance Open
In this chapter, I examine the institutions of corporate governance. These institutions primarily deal with two distinct problems, one of vertical governance (between distant shareholders and managers) and another of horizontal governance …
View article: Absolute Priority, Relative Priority, and Valuation Uncertainty in Bankruptcy
Absolute Priority, Relative Priority, and Valuation Uncertainty in Bankruptcy Open
View article: Corporate Governance and Its Political Economy, Updated
Corporate Governance and Its Political Economy, Updated Open
View article: Are Public Firms Disappearing? Corporate Law and Market Power Analyses
Are Public Firms Disappearing? Corporate Law and Market Power Analyses Open
View article: What is Stock Market Short-Termism?
What is Stock Market Short-Termism? Open
View article: Stock Market Short-Termism: What the Empirical Evidence Tells Policymakers
Stock Market Short-Termism: What the Empirical Evidence Tells Policymakers Open
View article: COVID-19 prevention and control measures in workplace settings: a rapid review and meta-analysis
COVID-19 prevention and control measures in workplace settings: a rapid review and meta-analysis Open
Workplaces are high-risk environments for SARS-CoV-2 outbreaks and subsequent community transmission. Identifying, understanding, and implementing effective workplace SARS-CoV-2 infection prevention and control (IPC) measures is critical t…
View article: Will Loyalty Shares Do Much for Corporate Short-Termism?
Will Loyalty Shares Do Much for Corporate Short-Termism? Open
View article: Looking for the Economy-Wide Effects of Stock Market Short-Termism
Looking for the Economy-Wide Effects of Stock Market Short-Termism Open
View article: The Sustainable Corporate Governance Initiative in Europe
The Sustainable Corporate Governance Initiative in Europe Open
In July 2020, the European Commission published the “Study on directors’ duties and sustainable corporate governance” by Ernst & Young (EY). The Report purports to find evidence of debilitating short-termism in EU corporate governance and …
View article: Corporate Purpose and Corporate Competition
Corporate Purpose and Corporate Competition Open
View article: Dodge v. Ford: What Happened and Why?
Dodge v. Ford: What Happened and Why? Open
View article: Estimating the Need for Additional Bankruptcy Judges in Light of the COVID-19 Pandemic
Estimating the Need for Additional Bankruptcy Judges in Light of the COVID-19 Pandemic Open
View article: The European Commission's Sustainable Corporate Governance Report: A Critique
The European Commission's Sustainable Corporate Governance Report: A Critique Open
View article: The Power of the Narrative in Corporate Lawmaking
The Power of the Narrative in Corporate Lawmaking Open
View article: A Spatial Representation of Delaware-Washington Interaction in Corporate Lawmaking
A Spatial Representation of Delaware-Washington Interaction in Corporate Lawmaking Open
Delaware and Washington interact in making corporate law. In prior work I showed how Delaware corporate law can be, and often is, confined by federal action. Sometimes Washington acts and preempts the field, constitutionally or functionall…
View article: Stock Market Short-Termismms Impact
Stock Market Short-Termismms Impact Open
View article: The 2017 Tax Act’s Potential Impact on Bank Safety and Capitalization
The 2017 Tax Act’s Potential Impact on Bank Safety and Capitalization Open
View article: Financial Markets and the Political Center of Gravity
Financial Markets and the Political Center of Gravity Open
In recent decades, academics across multiple disciplines and policymakers in multiple institutions have searched for the economic, political, and institutional foundations for financial market strength. Promising theories and empirics have…
View article: Financial Scholars Oppose Eliminating 'Orderly Liquidation Authority' as Crisis-Avoidance Restructuring Backstop
Financial Scholars Oppose Eliminating 'Orderly Liquidation Authority' as Crisis-Avoidance Restructuring Backstop Open
This letter, written to the chairs and ranking members of the Senate and House Banking and Judiciary committees, analyzes why substituting the bankruptcy process now proposed for Dodd-Frank’s orderly liquidation authority risks allowing fi…
View article: Containing Systemic Risk by Taxing Banks Properly
Containing Systemic Risk by Taxing Banks Properly Open
At the root of recurring bank crises are deeply-implanted incentives for banks and their executives to take systemically excessive risk. Since the 2008-2009 financial crisis, regulators have sought to strengthen the financial system by req…
View article: Supreme Court Amicus Brief of 22 Corporate Law Professors, Mark Janus v. American Federation of State, County and Municipal Employees, Council 31, et aL, No. 16-1466
Supreme Court Amicus Brief of 22 Corporate Law Professors, Mark Janus v. American Federation of State, County and Municipal Employees, Council 31, et aL, No. 16-1466 Open
The Supreme Court has looked to the rights of corporate shareholders in determining the rights of union members and non-members to control political spending, and vice versa. The Court sometimes assumes that if shareholders disapprove of c…
View article: Degradation of the Financial System Due to the Structure of Corporate Taxation
Degradation of the Financial System Due to the Structure of Corporate Taxation Open
Regulators have sought since the 2008 financial crisis to further strengthen the financial system. Yet a core source of weakness and a powerful additional instrument for strengthening the financial system persists unchanged and absent from…
View article: The Trust Indenture Act of 1939 in Congress and the Courts in 2016: Bringing the SEC to the Table
The Trust Indenture Act of 1939 in Congress and the Courts in 2016: Bringing the SEC to the Table Open
View article: Financial Markets and the Political Center of Gravity
Financial Markets and the Political Center of Gravity Open
View article: Three Ages of Bankruptcy
Three Ages of Bankruptcy Open
View article: Systemic Financial Degradation and the Corporate Tax
Systemic Financial Degradation and the Corporate Tax Open
View article: Supreme Court Amicus Brief of 19 Corporate Law Professors, Friedrichs v. California Teachers Association, No. 14-915
Supreme Court Amicus Brief of 19 Corporate Law Professors, Friedrichs v. California Teachers Association, No. 14-915 Open
The Supreme Court has looked to the rights of corporate shareholders in determining the rights of union members and non-members to control political spending, and vice versa. The Court sometimes assumes that if shareholders disapprove of c…
View article: Corporate Governance and Its Political Economy
Corporate Governance and Its Political Economy Open
View article: Brief of Corporate Law Professors as Amici Curie in Support of Respondents
Brief of Corporate Law Professors as Amici Curie in Support of Respondents Open
The Supreme Court has looked to the rights of corporate shareholders in determining the rights of union members and non-members to control political spending, and vice versa. The Court sometimes assumes that if shareholders disapprove of c…