This article surveys the literature on regulatory arbitrage in four settings: labor regulation,
environmental protection, corporate governance, and banking and finance. For a regulatory …

Negligence law is often asked to adapt to new technologies. So it is with artificial intelligence
(" Al"'). Though AI often conjures images of autonomous robots, especially autonomous …

We show theoretically and empirically that measurement error can bias in favor of falsely
rejecting a true null hypothesis (ie, a “false positive”) and that regression models with high …

A reliable system of corporate governance is considered an important requirement for the
long-term success of public companies and for the good of society at large. After decades of …

This paper documents that changes in litigation risk affect corporate voluntary disclosure
practices. We make causal inferences by exploiting three legal events that generate …

UNIVERSITY of PENNSYLVANIA LAW REVIEW Page 1 UNIVERSITY of PENNSYLVANIA LAW
REVIEW Founded 1852 Formerly AMERICAN LAW REGISTER © 2021 University of …

We theorize a multi-dimensional picture of jurisdictional competition for corporate litigation.
We test this theory by examining merger litigation in a hand-collected sample of ii 17 …

Do shareholder protection laws affect the corporate cost of capital? To identify the causal
impact of shareholder protection laws on firms' implied cost of capital, we exploit the …

During market-wide shocks that cause large drops in stock prices, firms with more state-
endorsed antitakeover provisions (ATPs) experience smaller declines in value. Two …

SEVERAL prominent public corporations have recently embraced a noteworthy (and
newsworthy) type of transaction known as a" tax inversion." In a typical inversion, a US …