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Lucian A. Bebchuk. Shareholder Access to the Corporate Ballot, 2009, Case Western Reserve Law Review, Vol. See all articles by Lucian A. Bebchuk Lucian A. Bebchuk. 46, pp. 566 78
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There are 2 versions of this paper The Specter of the Giant Three. 973-1035, 2002, Harvard Law and Economics Discussion Paper No. We also find evidence consistent with staggered boards' bringing about, and not merely reflecting, a lower firm value. Harvard Law School; European Corporate Governance Institute (ECGI); National Bureau of Economic Research (NBER) Roberto Tallarita.
We find that staggered boards are associated with an economically significant reduction in firm value (as measured by Tobin's Q).
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We show that, in contrast to claims made by the parties, the Justices need not assess the validity or scientific standing of the efficient market hypothesis; they need not, as it were, decide whether they find the view of Eugene Fama or Robert Shiller more persuasive.
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