Congress or the President, manage and operate their organizational divisions. It pre-sents a
theory of how administrative leaders use internal hierarchies and procedures to process …

We examine the cost-effectiveness, from the shareholders' perspective, of the accounting
standards issued by the FASB during 1973–2009. We evaluate (1) the stock market …

This Article argues that the securities disclosure regime contains previously unexamined
structural deficiencies that pertain to the information provided by the largest public …

For all the ink that has been spilled on the topic of financial regulation since the financial
crisis of 2007-2008 (the Financial Crisis), there are some fundamental matters that have …

Public companies in the United States must comply with both federal securities law and state
corporate law. This division of labor is premised on the assumption that there is a …

Separate fields of business law are undergoing tumultuous debates. The orthodox view that
antitrust law should focus exclusively on consumer welfare is threatened by increasingly …

Recent legal scholarship has focused on the feasibility of performing quantified cost-benefit
analysis of financial regulations. An issue of the Yale Law Journal, published in January …

The Regulation of Money Managers (with the original subtitle: The Investment Company Act
and The Investment Advisers Act) was published in 1978 and 1980. The Second Edition …

After the financial crisis of 2007-2008 (the Crisis), regulators around the world adopted the
pursuit of" financial stability" as one of the foremost goals of financial regulation. 1 However …

A central question in corporate legal theory is whether large corporations should be
conceived as hierarchical enclaves that operate apart from markets or as entities that …