Browsing by Author "Coates, John"
Now showing items 1-20 of 22
-
Allocating Risk Through Contract: Evidence from M&A and Policy Implications
Coates, John C (John M. Olin Center for Law, Economics, and Business. Harvard Law School., 2012)In a hand-coded sample of M&A contracts from 2007-08, risk allocation provisions exhibit wide variation. Earn-outs are the least common means to allocate risk, indemnities are most common, followed by price adjustment ... -
Corporate Governance and Corporate Political Activity: What Effect will Citizens United have on Shareholder Wealth?
Coates, John C (John M. Olin Center for Law, Economics, and Business. Harvard Law School., 2010)In Citizens United, the Supreme Court relaxed the ability of corporations to spend money on elections, rejecting a shareholder-protection rationale for restrictions on spending. Little research has focused on the relationship ... -
Cost-Benefit Analysis of Financial Regulation: A Reply
Coates, John (Yale Law Journal Co, 2015)Still, for reasons I try to illuminate in Cost-Benefit Analysis of Financial Regulation: Case Studies and Implications , efforts to quantify and monetize costs and benefits of significant financial regulations in precise ... -
Cost-Benefit Analysis of Financial Regulation: Case Studies and Implications
Coates, John (Yale Law School, 2015)Some members of Congress, the D.C. Circuit, and legal academia are promoting a particular, abstract form of cost-benefit analysis for financial regulation: judicially enforced quantification. How would CBA work in practice, ... -
The Downside of Judicial Restraint: The (Non-)Effect of Jones v. Harris
Coates, John (2010) -
Explaining Variation in Takeover: Defenses Blame the Lawyers
Coates, John (California Law Review Inc., 2001) -
Fair Value As An Avoidable Rule of Corporate Law: Minority Discounts in Conflict Transactions
Coates, John (University of Pennsylvania, 1999) -
The Goals and Promise of Sarbanes-Oxley
Coates, John (American Economic Association, 2007)The primary goal of the Sarbanes-Oxley Act was to fix auditing of U.S. public companies, consistent with its full, official name: the Public Company Accounting Reform and Investor Protection Act of 2002. By consensus, ... -
Hiring Teams, Firms and Lawyer: Evidence of the Evolving Relationships in the Corporate Legal Market
Coates, John; DeStefano, Michele; Wilkins, David B.; Nanda, Ashish (Wiley-Blackwell, 2011)How are relationships between corporate clients and law firms evolving? Drawing on interview and survey data from 166 chief legal officers of S&P 500 companies from 2006–2007, we find that—contrary to standard depictions ... -
The Keynote Papers and the Current Financial Crisis
Coates, John (Institute of Professional Accounting, Graduate School of Business, University of Chicago, 2009)One hesitates to write history as it happens, or to draw policy lessons from current events. The conference took place in May 2008 - after the government-assisted takeover of Bear Stearns but before a capital market downturn ... -
Lowering the Cost of Bank Recapitalization
Coates, John; Scharfstein, David Stuart (Yale Journal on Regulation, 2009)Efforts to recapitalize banks in the current crisis have to date been focused on government assistance under the TARP, rather than private investment, and on bank holding companies, rather than banks. We describe three ... -
M&A Contracts: Purposes, Types, Regulation, and Patterns of Practice
Coates, John C (2015)M&A transactions are governed by contracts that exhibit constrained variation – they are negotiated, yet full of boilerplate, tailored, yet full of patterns and regularities. This paper (a chapter of the Research Handbook ... -
Mergers, Acquisitions and Restructuring: Types, Regulation, and Patterns of Practice
Coates, John C (Harvard John M. Olin Center for Law, Economics, and Business, 2014)An important component of corporate governance is the regulation of significant transactions – mergers, acquisitions, and restructuring. This paper (a chapter in Oxford Handbook on Corporate Law and Governance, forthcoming) ... -
The Powerful and Pervasive Effects of Ownership on M&A
Coates, John C (John M. Olin Center for Law, Economics, and Business. Harvard Law School., 2010)Ownership dispersion is a first-order determinant of M&A practices. Firms with dispersed ownership are more salient, and tend to be larger, but dispersion varies significantly among even large US businesses, and affects ... -
The Powerful Antitakeover Force of Staggered Boards: Further Findings and a Reply to Symposium Participants
Bebchuk, Lucian Arye; Coates, John; Subramanian, Guhan (Stanford Law School, 2002)This paper develops and defends our earlier analysis of the powerful antitakeover force of staggered boards. We reply to five responses to our work, by Stephen Bainbridge, Mark Gordon, Patrick McGurn, Leo Strine, and Lynn ... -
Private vs. Political Choice of Securities Regulation: A Political Cost/Benefit Analysis
Coates, John (Virginia Journal of International Law Association, 2001) -
Second-Generation Shareholder Bylaws: Post-Quickturn Alternatives
Coates, John; Faris, Bradley C. (American Bar Association, 2001)Practitioners believe shareholder-initiated bylaws that specifically eliminate poison pills will turn out to be illegal in Delaware. The authors assume that consensus is correct and ask: What next? Threat or opportunity, ... -
Securities Litigation in the Roberts Court: An Early Assessment
Coates, John (The University of Arizona, 2015)This article provides an early assessment – both quantitative and qualitative – of the Roberts Court’s securities law decisions. Such cases represent an increased share of Supreme Court’s docket, compared to prior Courts, ... -
SOX after Ten Years: A Multidisciplinary Review
Srinivasan, Suraj; Coates, John (2014)We review and assess research findings from 120+ papers in accounting, finance, and law to evaluate the impact of the Sarbanes-Oxley Act. We describe significant developments in how the Act was implemented and find that ... -
Towards Better Cost-Benefit Analysis: An Essay on Regulatory Management
Coates, John (School of Law, Duke University, 2015)Cost-benefit analysis of financial regulation (CBA/FR) has become a flashpoint in contemporary legal and political debates, partly due to the Dodd-Frank Act. Yet debates over CBA/FR exhibit terminological confusion, and ...