Business Scholarship Podcast

Roberta Karmel , professor of law at Brooklyn Law School, joins the Business Scholarship Podcast to discuss her career as a securities scholar, teacher, practitioner, and regulator. This episode is the first in a two-part series and covers Karmel's early career as an SEC enforcement attorney and supervisor, private practitioner, and SEC commissioner—the first woman to serve in that position&...

Roy Shapira , associate professor at IDC Herzliya, joins the Business Scholarship Podcast to discuss his article A New Caremark Era: Causes and Consequences . Shapira observes that Delaware's Caremark doctrine, which has long imposed compliance duties on boards without much opportunity for shareholders to bring related claims, has entered a new era in a recent quartet of cases. He predicts that th...

Cathy Hwang , professor of law at the University of Virginia, and Yaron Nili , assistant professor of law at the University of Wisconsin, join the Business Scholarship Podcast to discuss their article Cleaning Corporate Governance , which is co-authored with Jens Frankenreiter and Eric Talley. In this article the authors recreate a dataset of public-company charters on which numerous empirical stu...

Carliss Chatman , associate professor of law at Washington & Lee University, joins the  Business Scholarship Podcast  to discuss her article Corporate Family Matters . In this article Chatman observes that contemporary large businesses operate through entity networks. She explains that siloed entities within such "corporate families" could facilitate organizational misconduct. To address this...

Sadie Blanchard , associate professor of law at the University of Notre Dame, joins the  Business Scholarship Podcast  to discuss her article Contracts Without Courts or Clans: How Business Networks Govern Exchange . In this article Blanchard explains that under some conditions contracts can be formed and successfully carried out without enforcement by public courts or tight-knit social groups. Sh...

Grant Hayden , professor of law at Southern Methodist University, and Matthew Bodie , professor of law at Saint Louis University, join the Business Scholarship Podcast to discuss their article Codetermination in Theory and Practice . In this article, Hayden and Bodie reexamine the literature on codetermination—the inclusion of workers in high-level corporate policymaking—and explain why it deserve...

Dorothy Lund , assistant professor of law the University of Southern California, and Elizabeth Pollman , professor of law at the University of Pennsylvania, join the Business Scholarship Podcast to discuss their article The Corporate Governance Machine . In this article, Lund and Pollman identify the origins of the term "corporate governance" and explain corporate governance's emergence as a share...

Elizabeth Tippett , associate professor of law at the University of Oregon, joins the Business Scholarship Podcast to discuss her article Enslaved Agents: Business Transactions Negotiated by Slaves in the Antebellum South . In this article, Tippett analyzes 18th- and 19th-century judicial decisions that spotlight the historical practice of enslaved workers serving as business agents to slaveholder...

Edmund Schuster , associate professor of corporate law at the London School of Economics, joins the Business Scholarship Podcast to discuss his article Cloud Crypto Land . In this article, Schuster explains why enthusiasm around blockchain and smart-contract technologies must confront rule-of-law concerns that would make their application to new legal and economic use-cases doubtful. Instead, he a...

Michael Klausner , professor of business and law at Stanford University, joins the Business Scholarship Podcast to discuss his article A Sober Look at SPACs , which was written with co-authors Michael Ohlrogge and Emily Ruan. In this paper, Klausner and his co-authors conduct an empirical examination of special-purpose acquisition companies (SPACs), finding that in their sample period SPAC structu...

Sarah Haan , professor of law at Washington & Lee University, joins the Business Scholarship Podcast to discuss her article Corporate Governance and the Feminization of Capital . In this legal history, Haan shows that in the first half of the twentieth century, women were a significant share of stockholders in the public markets and were a majority in some firms. She then connects this feminiz...

Charlotte Haendler , a PhD student in finance at Boston College, and Rawley Heimer , an assistant professor of finance at Boston College, join the Business Scholarship Podcast to discuss their article The Financial Restitution Gap in Consumer Finance: Insights from Complaints Filed with the CFPB . In this paper, Haendler and Heimer use data from customer complaints submitted to the Consumer Financ...

Charles McClure , assistant professor of accounting at the University of Chicago, joins the Business Scholarship Podcast to discuss his paper Disclosure Processing Costs and Market Feedback Around the World , which was written with co-authors Shawn Shi and Edward Watts . In this paper, McClure and his co-authors exploit international introductions of centralized electronic disclosure systems, like...

Amanda Dixon, Madison Sherrill, and Hadar Tanne, students at Duke University School of Law , join the Business Scholarship Podcast to discuss their article Damages as a Function of Fault: Willful Breach in M&A Contracts , which was written with co-authors Theresa Arnold and Mitu Gulati. In this article, Dixon, Sherrill, and Tanne investigate why sophisticated parties incorporate the concep...

Gregory Burke , a PhD student in accounting at Duke University, joins the Business Scholarship Podcast to discuss his paper SEC Rule 14a-8 Shareholder Proposals: No-Action Requests, Determinants, and the Role of SEC Staff . In this paper, Burke examines shareholder proposals submitted by firms to the SEC's Division of Corporation Finance for no-action relief. He tests whether four determinants (le...

Laura Coordes , associate professor of law at Arizona State University, joins the Business Scholarship Podcast to discuss her article Bespoke Bankruptcy . This article considers instances in which debtors require bankruptcy-like protections despite not fitting within the Bankruptcy Code's existing chapters. Coordes offers examples of how Congress addresses these scenarios through "bespoke bankrupt...

Emily Strauss , clinical professor of law at Duke University, joins the Business Scholarship Podcast to discuss her article Is Everything Securities Fraud? . In this article, Strauss analyzes the extent to which corporate harms to non-shareholders—such as victims of oil spills, tainted medicines, or defective automobiles—come to serve as the basis for securities litigation. Based on he...

Asaf Raz , a research fellow at the University of Pennsylvania Carey Law School, joins the Business Scholarship Podcast to discuss his article Mandatory Arbitration and the Boundaries of Corporate Law . In this article, Raz considers whether case developments point toward mandatory arbitration clauses being incorporated into corporate charters and bylaws, which he predicts would have a negative im...

Kish Parella , associate professor of law at Washington & Lee University, joins the Business Scholarship Podcast to discuss her works Improving Social Compliance in Supply Chains and Compliance as an Exchange of Legitimacy for Influence . In these works, Parella examines the legal institutions and reputational mechanisms that foster human-rights compliance by transnational enterprises, as well...

Carlos Berdejó , professor of law at Loyola Law School, joins the Business Scholarship Podcast to discuss his article Financing Minority Entrepreneurship . In this article, Berdejó examines barriers faced by minority-owned businesses and frames information asymmetry as a cause of racial disparities in entrepreneurship. He also uses this framework in explaining why policy interventions designed t...

Episode Notes Anat Alon-Beck , assistant professor of law at Case Western Reserve University, joins the Business Scholarship Podcast to discuss her article Alternative Venture Capital: The New Unicorn Investors . In this article, Alon-Beck examines the emergence of "alternative" venture capitalists—including family offices, high-net-worth individuals, and sovereign-wealth funds—and how their parti...

Miriam Baer , professor of law at Brooklyn Law School; Jacob Elberg , associate professor of law at Seton Hall University; and Karen Woody , associate professor of law at Washington & Lee University, join the Business Scholarship Podcast to discuss Enforcement & Policing as part of the Financial and Corporate Regulation in the Biden Administration symposium. Related to the panel conversati...

Carliss Chatman , associate professor of law at Washington & Lee University; Anthony Michael Kreis , assistant professor of law at Georgia State University; and Barak Richman , professor of law at Duke University, join the Business Scholarship Podcast to discuss Corporate Power as part of the Financial and Corporate Regulation in the Biden Administration symposium. Related to the panel convers...

Christopher Odinet , professor of law at the University of Iowa; Nitzan Packin , associate professor at Baruch College Zicklin School of Business; and Spencer Williams , associate professor of law at Golden Gate University, join the Business Scholarship Podcast to discuss Consumer Protection & Finance as part of the Financial and Corporate Regulation in the Biden Administration symposium. Rela...

Laura Posner , partner at Cohen Milstein Sellers & Toll PLLC; Jennifer Schulp , director of financial regulation studies at the Cato Institute's Center for Monetary and Financial Alternatives; and James Fallows Tierney , assistant professor at the University of Nebraska College of Law, join the Business Scholarship Podcast to discuss Investor Protection & Corporate Finance as part of the F...