Financial Contracting

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Charity and Information: Correcting the Failure of a Disjunctive Social Norm (with Robert Cooter) (2009)
Charitable donations fund social goods that the state and markets undersupply. Despite widespread belief in...
 

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The Role of Independent Directors in VC-Backed Firms (2008)
This paper seeks to explain the widespread use of independent directors in the governance of...
 

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Independent Directors and Board Control in Venture Finance (2008)
The financial contracting literature treats control as an indivisible right held either by a firm’s...
 

Philanthropy

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Charity and Information: Correcting the Failure of a Disjunctive Social Norm (with Robert Cooter) (2009)
Charitable donations fund social goods that the state and markets undersupply. Despite widespread belief in...
 

No subject area

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Renegotiation of Cash Flow Rights in the Sale of VC-Backed Firms (with Jesse Fried), Journal of Financial Economics (forthcoming) (2008)
Incomplete contracting theory suggests that VC cash flow rights – including liquidation preferences – may...
 

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Charity, Publicity, and the Donation Registry (with Robert Cooter), The Economists' Voice (2006)
Many Americans donate little or nothing to charity, but according to Robert Cooter and Brian...