Research

Corporate Governance  |   Entrepreneurial Finance   |   Corporate Social Impact

Books

Guardrails for Greatness: The Law and Finance of Entrepreneurship
(Cambridge University Press, under contract) (with J. Geffon).

Peer-Reviewed Journal Articles

The Rise of Anti-Activist Poison Pills
with T. Kirmse and M. Wittry
Forthcoming, Journal of Financial Economics
selected for the Annual Global Corporate Governance Colloquium, European Corporate Governance Institute; Best Paper in Corporate Law and Governance, American Law & Economics Association; selected for the 2024 NBER Summer Institute on Corporate Finance; featured on The Deal: Activism Investing Today.

Common Venture Capital Investors and Start-up Growth
with J. Grennan
The Review of Financial Studies 37(2) (2024): 549-590
selected for the 2019 NBER Summer Institute on Entrepreneurship and the 2020 NBER Law & Economics meeting; featured in Harvard Law School Forum on Corporate Governance and Financial Regulation.

Does Government Play Favorites? Evidence from Opportunity Zones
with C. Garber
Journal of Law and Economics 66(1) (2023): 111-141
selected for the 2020 AEA Annual meeting; featured in Bloomberg and TaxProf Blog.

The Rise of Dual-Class IPOs
with D. Aggarwal, Y. V. Hochberg, and L. Litov
Journal of Financial Economics 144(1) (2022): 122-153
selected for the 2021 NBER Summer Institute on Corporate Finance; featured in Bloomberg's Money Stuff, Financial Times, Columbia Blue Sky Blog, Oxford Business Law Blog, and JD Supra.

Common Ownership and Entrepreneurship
with J. Grennan
AEA Papers and Proceedings 111 (2021): 582-586.

Crisis Poison Pills
with M. Wittry
Review of Corporate Finance Studies 10(1) (2021): 204-251
featured in Institutional Investor, Bloomberg's Money Stuff, Harvard Law School Forum on Corporate Governance and Financial Regulation, and RCFS Paper Spotlight.

Regulatory Competition and the Market for Corporate Law
with L. Magnolfi
American Economic Journal: Microeconomics 12(2) (2020): 60-98
selected for the Ph.D. Forum, AFBC Conference, UNSW Business School and the Weil Gotshal Roundtable at Yale Law School Center for Corporate Law; featured in Harvard Law School Forum on Corporate Governance and Financial Regulation and ProfessorBainbridge.Com.

Can Lax Corporate Law Increase Shareholder Value? Evidence from Nevada
Journal of Law and Economics 61(4) (2018): 555-605
selected for the 2017 Stanford/Yale/Harvard Junior Faculty Forum, Stanford Law School; featured in Market Watch and ProfessorBainbridge.Com.

Law Review Articles

Disproportionate Influence: Rethinking Control in American Corporate Governance
with D. Aggarwal
Northwestern University Law Review 120(6) (2026):1573-1630
featured in Columbia Blue Sky Blog

The Anatomy of Nonprofit Control of Business Enterprise
with M. Ørberg
Yale Journal on Regulation 43 (2026): 335-414
featured in Harvard Law School Forum on Corporate Governance and Financial Regulation; Response by David Schröder & Steen Thomsen, Purpose That Matters, and response by Eldar & Ørberg, The Limits of ESG; cited in the European Law Institute Model Law on Enterprise Foundations.

Unequal Ownership
with R. Van Loo
Boston University Law Review 105(3) (2025): 851-896
Response by M. Guttentag, The New Law And Inequality Scholarship, Boston University Law Review 105 (2025): 897-910.

Is Corporate Law Nonpartisan?
with G. V. Rauterberg
Wisconsin Law Review 177 (2023)
featured in Jotwell and Business Prof Blog; cited in McRitchie v. Zuckerberg, 315 A.3d 518, 573 (Del. Ch. 2024).

Opportunity Zones: A Program in Search of a Purpose
with C. Garber
Boston University Law Review 102(4) (2022): 1397-1440
featured in TaxProf Blog and Forbes.

A Lawyer's Guide to Empirical Corporate Governance
Stanford Journal of Law, Business and Finance 27(1) (2022): 1-93
featured in Columbia Blue Sky Blog, Oxford Business Law Blog and the Empirical Legal Studies Blog.

Designing Business Forms to Pursue Social Goals
Virginia Law Review 106 (2020): 937-1005
featured in Harvard Law School Forum on Corporate Governance and Financial Regulation and ProMarket.

Federal Forum Provisions and the Internal Affairs Doctrine
with D. Aggarwal and A. Choi
Harvard Business Law Review 10(2) (2020): 383-434
featured in Harvard Law School Forum on Corporate Governance and Financial Regulation, Business Law Prof Blog and The National Law Review.

The Enduring Distinction between Business Entities and Security Interests
with A. Verstein
Southern California Law Review 92 (2019): 213-271
featured in Jotwell, Oxford Business Law Blog, and Columbia Blue Sky Blog.

Will Delaware Be Different? An Empirical Study of TC Heartland and the Shift to Defendant Choice of Venue
with N. Sukhatme
Cornell Law Review 104 (2018): 101-164
featured in Written Description.

The Role of Social Enterprise and Hybrid Organizations
Columbia Business Law Review 1 (2017): 92-194
selected for the Conference on the Economics of the Social Sector, Chicago Booth Business School; featured in Harvard Law School Forum on Corporate Governance and Financial Regulation.

Book Chapters

Dual-Class IPOs: A Solution to Unicorn Governance Failure
in Brian Broughman & Elisabeth de Fontenay (eds.), Research Handbook on the Structure of Private Equity and Venture Capital (Edward Elgar Publishing, 2026)
featured in ECGI Blog and Columbia Blue Sky Blog.

Are Enterprise Foundations Possible in the United States?
in Anne Sanders & Steen Thomsen (eds.), Enterprise Foundation Law in a Comparative Perspective (Intersentia Cambridge, 2026)
cited in the European Law Institute Model Law on Enterprise Foundations.

The Governance of Entrepreneurship
in Christopher Bruner & Marc Moore (eds.), Research Agenda for Corporate Law (Edward Elgar Publishing, 2023).

Working Papers

Explaining Delaware's Dominance: Firm Heterogeneity and Demand for Legal Flexibility
with L. Magnolfi
ECGI - Finance Working Paper No. 1093/2025
featured in Harvard Law School Forum on Corporate Governance and Financial Regulation.

The Organization of Social Enterprise: Transacting versus Giving
ECGI - Finance Working Paper No. 987/2024
selected for the Annual Strategy & the Business Environment Conference, Duke Fuqua School of Business; featured in ProMarket.

Common Ownership Directors
with Y. Nili and Y. Xu
ECGI - Finance Working Paper No. 1085/2025
selected for the Annual Global Corporate Governance Colloquium, European Corporate Governance Institute.

Selected Commentary

Anthropic, Pentagon Standoff Shows Why AI Company Design Matters
with M. Ørberg
Bloomberg Law, Legal Exchange: Insights & Commentary, April 22, 2026.