Alma Cohen

Harvard Law School

Cambridge, MA 02138

United States

Tel Aviv University - Eitan Berglas School of Economics

Ramat Aviv, Tel Aviv, 69978

Israel

Centre for Economic Policy Research (CEPR)

London

United Kingdom

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 212

SSRN RANKINGS

Top 212

in Total Papers Downloads

75,321

SSRN CITATIONS
Rank 512

SSRN RANKINGS

Top 512

in Total Papers Citations

1,103

CROSSREF CITATIONS

809

Scholarly Papers (34)

What Matters in Corporate Governance?

Review of Financial Studies, Vol. 22, No. 2, pp. 783-827, February 2009, Harvard Law School John M. Olin Center Discussion Paper No. 491 (2004)
Number of pages: 61 Posted: 21 Sep 2004 Last Revised: 17 Apr 2009
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 34,994 (60)
Citation 295

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Corporate governance, agency costs, boards, directors, takeovers, tender offers, mergers and acquisitions, proxy fights, defensive tactics, entrenchment, anti-takeover provisions, staggered boards, corporate charters, corporate bylaws, golden parachutes, poison pills

What Matters in Corporate Governance?

The Review of Financial Studies, Vol. 22, Issue 2, pp. 783-827, 2009
Posted: 25 Jan 2009
Harvard Law School, Harvard Law School and Harvard Law School

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G30, G34, K22

2.

The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008

Yale Journal on Regulation, Vol. 27, 2010, pp. 257-282, Harvard Law and Economics Discussion Paper No. 657, ECGI - Finance Working Paper No. 287
Number of pages: 31 Posted: 26 Nov 2009 Last Revised: 01 Dec 2010
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 10,240 (582)
Citation 73

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Lehman Brothers, Bear Stearns, the financial crisis, banks, executive compensation, risk-taking, compensation structures, bonus compensation, stock options, restricted shares, moral hazard

Learning and the Disappearing Association Between Governance and Returns

Journal of Financial Economics, Vol. 108, No. 2, pp. 323-348, May 2013, Harvard Law School John M. Olin Center Discussion Paper No. 667
Number of pages: 56 Posted: 14 Apr 2010 Last Revised: 12 Jun 2014
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 3,518 (3,633)
Citation 19

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Corporate governance, governance indices, GIM, G-Index, E-Index, shareholder rights, entrenchment, market efficiency, learning, earning announcements, analyst forecasts, IRRC provisions, behavioral finance, asset pricing

Learning and the Disappearing Association between Governance and Returns

NBER Working Paper No. w15912
Number of pages: 44 Posted: 26 Apr 2010 Last Revised: 25 Jun 2010
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 250 (150,547)

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4.

Golden Parachutes and the Wealth of Shareholders

Journal of Corporate Finance, Vol. 25, April 2014, pp. 140-154, Harvard Law School John M. Olin Center Discussion Paper No. 683
Number of pages: 44 Posted: 02 Dec 2010 Last Revised: 14 Nov 2018
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 3,033 (4,832)
Citation 12

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Golden Parachute, Executive Compensation, Corporate Governance, Acquisitions, Takeovers, Acquisition Likelihood, Acquisition Premiums, Agency Costs, Tobin’s Q, Dodd-Frank

5.

The Agency Problems of Institutional Investors

Journal of Economic Perspectives, Vol. 31 pp. 89-102 (Summer 2017)., Harvard Law School Olin Discussion Paper No. 930
Number of pages: 26 Posted: 09 Jun 2017 Last Revised: 05 May 2020
Lucian A. Bebchuk, Alma Cohen and Scott Hirst
Harvard Law School, Harvard Law School and Boston University - School of Law
Downloads 2,952 (5,063)
Citation 43

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institutional investors, investment managers, mutual funds, index funds, hedge fund activism

6.
Downloads 2,849 ( 5,360)
Citation 135

The Costs of Entrenched Boards

Journal of Financial Economics, Vol. 78, pp. 409-433, 2005, Harvard Law and Economics Discussion Paper No. 478
Number of pages: 37 Posted: 08 Dec 2003 Last Revised: 23 May 2019
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 2,753 (5,580)
Citation 140

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Corporate governance, Tobin's Q, firm value, agency costs, boards, directors, takeovers, tender offers, mergers and acquisitions, proxy fights, defensive tactics, antitakeover provisions, staggered boards, poison pills

The Costs of Entrenched Boards

NBER Working Paper No. w10587
Number of pages: 36 Posted: 07 Jul 2004 Last Revised: 09 Jul 2004
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 96 (333,412)

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7.
Downloads 2,462 ( 6,804)
Citation 34

Firms' Decisions Where to Incorporate

Journal of Law and Economics, Vol. 46, pp. 383-425, 2003, Harvard Law and Economics Discussion Paper No. 351, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 003/2002
Number of pages: 50 Posted: 11 Apr 2003 Last Revised: 04 Dec 2018
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 2,394 (6,978)
Citation 33

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Delaware, incorporation, corporate governance, regulatory competition, managers, shareholders, takeovers, antitakeover statutes, antitakeover defenses, home bias

Firms&Apos; Decisions Where to Incorporate

NBER Working Paper No. w9107
Number of pages: 53 Posted: 16 Aug 2002 Last Revised: 22 May 2021
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 68 (410,277)

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8.
Downloads 1,984 ( 9,682)
Citation 5

The Politics of CEOs

Journal of Legal Analysis, Vol. 11, 2019, pp.1-45, Harvard Law School John M. Olin Center Discussion Paper No. 1002, European Corporate Governance Institute (ECGI) - Law Working Paper No. 450/2019
Number of pages: 52 Posted: 19 Mar 2019 Last Revised: 09 Dec 2019
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics, Harvard Law School and Tel Aviv University - Eitan Berglas School of Economics
Downloads 1,971 (9,595)
Citation 7

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political spending, political contributions, Republicans, Democrats, CEOs, corporate political influence

The Politics of CEOS

NBER Working Paper No. w25815
Number of pages: 54 Posted: 07 May 2019 Last Revised: 16 Jul 2021
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics, Harvard Law School and Tel Aviv University - Eitan Berglas School of Economics
Downloads 12 (713,720)

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The Politics of CEOs

CEPR Discussion Paper No. DP13710
Number of pages: 55 Posted: 07 May 2019
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics, Harvard Law School and Tel Aviv University - Eitan Berglas School of Economics
Downloads 1 (814,463)
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CEOs, corporate political influence, Democrats, Political contributions, Political spending, Republicans

9.

The 8-K Trading Gap

Columbia Law and Economics Working Paper No. 524
Number of pages: 48 Posted: 09 Sep 2015 Last Revised: 01 Aug 2016
Harvard Law School, Professor of Law and Columbia Law School
Downloads 1,862 (10,715)
Citation 5

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Insider Trading, Securities Law, Corporate Law, Corporate Governance

Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

Harvard Law School John M. Olin Center Discussion Paper No. 697
Number of pages: 36 Posted: 13 Nov 2010 Last Revised: 11 Jun 2014
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 1,606 (13,313)
Citation 3

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Corporate governance, staggered boards, takeover defenses, antitakeover provisions, proxy fights, Tobin's Q, firm value, agency costs, Delaware, chancery court, Airgas

Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments

NBER Working Paper No. w17127
Number of pages: 36 Posted: 20 Jun 2011 Last Revised: 19 Apr 2021
Harvard Law School, Harvard Law School and Harvard Business School (HBS)
Downloads 48 (485,945)

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11.

The Effects of Mandatory Seat Belt Laws on Driving Behavior and Traffic Fatalities

Number of pages: 48 Posted: 10 Dec 2001
Alma Cohen and Liran Einav
Harvard Law School and Stanford University - Department of Economics
Downloads 1,256 (19,797)
Citation 37

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12.

Asymmetric Information and Learning: Evidence from the Automobile Insurance Market

Number of pages: 30 Posted: 02 Apr 2003
Alma Cohen
Harvard Law School
Downloads 1,221 (20,673)
Citation 41

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Asymmetric information, adverse selection, screening, sorting, moral hazard, insurance, deductible, learning, information transmission, repeat customers

13.

How Do Staggered Boards Affect Shareholder Value? Evidence from a Natural Experiment

Journal of Financial Economics, Vol. 110, No. 3, pp. 627-641, (2013), Harvard Business School Accounting & Management Unit Working Paper No. 13-068
Number of pages: 45 Posted: 04 Sep 2012 Last Revised: 25 May 2017
Alma Cohen and Charles C. Y. Wang
Harvard Law School and Harvard Business School (HBS)
Downloads 1,059 (25,524)
Citation 20

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Corporate governance, Staggered board, Takeover defense, Antitakeover provision, Proxy fight, Tobin's, Firm value, Agency cost, Delaware, Chancery court, Airgas

Does the Evidence Favor State Competition in Corporate Law?

California Law Review, Vol. 90, pp. 1775-1821, 2002, Harvard Law and Economics Discussion Paper No. 352
Number of pages: 49 Posted: 06 Mar 2002 Last Revised: 29 Apr 2009
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 1,009 (26,967)

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Delaware, incorporations, corporate charters, regulatory competition, corporate governance, managers, shareholders, takeovers, antitakeover statutes

Does the Evidence Favor State Competition in Corporate Law?

NBER Working Paper No. w9380
Number of pages: 46 Posted: 09 Dec 2002 Last Revised: 18 Feb 2021
Harvard Law School, Harvard Law School and Harvard Law School
Downloads 45 (499,514)
Citation 4

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The Effect of Automobile Insurance and Accident Liability Laws on Traffic Fatalities

Number of pages: 38 Posted: 23 Sep 2004
Alma Cohen and Rajeev H. Dehejia
Harvard Law School and New York University (NYU) - Robert F. Wagner Graduate School of Public Service
Downloads 672 (47,297)
Citation 3

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No-fault laws, compulsory insurance, moral hazard

The Effect of Automobile Insurance and Accident Liability Laws in Traffic Fatalities

NBER Working Paper No. w9602
Number of pages: 36 Posted: 05 Apr 2003 Last Revised: 01 Nov 2010
Alma Cohen and Rajeev H. Dehejia
Harvard Law School and New York University (NYU) - Robert F. Wagner Graduate School of Public Service
Downloads 99 (326,789)
Citation 5

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16.
Downloads 520 ( 66,376)
Citation 115

Testing for Adverse Selection in Insurance Markets

Journal of Risk and Insurance, Vol. 77, Issue 1, pp. 39-84 (2010), Harvard Law and Economics Discussion Paper No. 651
Number of pages: 51 Posted: 25 Nov 2009 Last Revised: 25 May 2017
Alma Cohen and Peter Siegelman
Harvard Law School and University of Connecticut - School of Law
Downloads 491 (70,598)
Citation 4

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Insurance, adverse selection, moral hazard, accidents, claims, annuities, automobile insurance, health insurance, life insurance, risk-aversion, risk, coverage

Testing for Adverse Selection in Insurance Markets

NBER Working Paper No. w15586
Number of pages: 51 Posted: 22 Dec 2009 Last Revised: 04 Aug 2021
Alma Cohen and Peter Siegelman
Harvard Law School and University of Connecticut - School of Law
Downloads 27 (598,679)
Citation 8

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Testing for Adverse Selection in Insurance Markets

Journal of Risk and Insurance, Vol. 77, Issue 1, pp. 39-84, March 2010
Number of pages: 46 Posted: 08 Feb 2010
Alma Cohen and Peter Siegelman
Harvard Law School and University of Connecticut - School of Law
Downloads 2 (801,176)
Citation 17
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17.

Recent Board Declassifications: A Response to Cremers and Sepe

Number of pages: 10 Posted: 18 May 2017 Last Revised: 22 May 2017
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 443 (80,717)
Citation 2

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18.
Downloads 429 ( 83,889)
Citation 160

Estimating Risk Preferences from Deductible Choice

American Economic Review, Vol. 97, pp. 745-788, 2007, Harvard Law and Economics Discussion Paper No. 582
Number of pages: 61 Posted: 05 Apr 2007
Alma Cohen and Liran Einav
Harvard Law School and Stanford University - Department of Economics
Downloads 371 (98,381)

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risk aversion, adverse selection, structural estimation, mixture models

Estimating Risk Preferences from Deductible Choice

NBER Working Paper No. w11461
Number of pages: 65 Posted: 02 Aug 2005 Last Revised: 26 Apr 2021
Alma Cohen and Liran Einav
Harvard Law School and Stanford University - Department of Economics
Downloads 58 (445,649)
Citation 34

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Asymmetric Learning in Repeated Contracting: An Empirical Study

Review of Economics and Statistics, Vol. 94, No. 2 (2012), Harvard Law and Economics Discussion Paper No. 606
Number of pages: 34 Posted: 25 Jan 2008 Last Revised: 25 May 2017
Alma Cohen
Harvard Law School
Downloads 373 (97,809)

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Repeat customers, asymmetric information, asymmetric learning, adverse selection, insurance, market power

Asymmetric Learning in Repeated Contracting: An Empirical Study

NBER Working Paper No. w13752
Number of pages: 43 Posted: 24 Jan 2008 Last Revised: 31 Jul 2021
Alma Cohen
Harvard Law School
Downloads 24 (619,933)

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20.
Downloads 371 ( 99,153)
Citation 2

The Disadvantages of Aggregate Deductibles

Number of pages: 31 Posted: 04 Oct 2001
Alma Cohen
Harvard Law School
Downloads 288 (130,089)

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insurance, deductible, moral hazard, verification

Disadvantages of Aggregate Deductibles

BE Journals in Economic Analysis & Policy, Vol. 6, No. 1, 2006, Harvard Law and Economics Discussion Paper No. 367
Number of pages: 31 Posted: 21 Jul 2007 Last Revised: 27 May 2017
Alma Cohen
Harvard Law School
Downloads 83 (365,719)
Citation 2

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insurance, deductible, moral hazard, verification

21.
Downloads 329 (113,489)
Citation 7

Do Financial Incentives Affect Fertility?

Review of Economic and Statistics, Vol. 95, No. 1, pp. 1-20 (2013), Harvard Law and Economics Discussion Paper No. 605
Number of pages: 38 Posted: 22 Dec 2007 Last Revised: 25 May 2017
Harvard Law School, New York University (NYU) - Robert F. Wagner Graduate School of Public Service and Government of the State of Israel - Israel Central Bureau of Statistics
Downloads 292 (128,168)

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fertility, child subsidies, child allowances

Do Financial Incentives Affect Fertility?

NBER Working Paper No. w13700
Number of pages: 46 Posted: 31 Dec 2007 Last Revised: 09 Jun 2021
Harvard Law School, New York University (NYU) - Robert F. Wagner Graduate School of Public Service and Government of the State of Israel - Israel Central Bureau of Statistics
Downloads 37 (538,986)

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22.

Staggered Boards and Shareholder Value: A Reply to Amihud and Stoyanov

Forthcoming, Journal of Financial Economics
Number of pages: 19 Posted: 05 Dec 2015 Last Revised: 20 Apr 2017
Alma Cohen and Charles C. Y. Wang
Harvard Law School and Harvard Business School (HBS)
Downloads 313 (119,703)
Citation 5

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Corporate governance, Staggered boards, Takeover defense, Antitakeover provision, Firm value, Agency costs, Delaware, Chancery court, Airgas

23.

Reexamining Staggered Boards and Shareholder Value

Journal of Financial Economics, Vol. 125, No. 3, September 2017, pp. 637-647, Harvard Law School John M. Olin Center Discussion Paper No. 908
Number of pages: 32 Posted: 13 Jun 2017 Last Revised: 12 Dec 2017
Alma Cohen and Charles C. Y. Wang
Harvard Law School and Harvard Business School (HBS)
Downloads 274 (137,789)
Citation 1

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Corporate Governance, Staggered Boards, Takeover Defense, Antitakeover Provisions, Firm Value, Delaware, Airgas

24.

The Heterogeneous Effect of Affirmative Action on Performance

Forthcoming, Journal of Economic Behavior & Organization, Harvard Law School John M. Olin Center Discussion Paper No. 805
Number of pages: 58 Posted: 12 Feb 2015 Last Revised: 21 Dec 2018
Anat Bracha, Alma Cohen and Lynn Conell-Price
The Federal Reserve Bank of Boston, Harvard Law School and Carnegie Mellon University
Downloads 240 (157,104)
Citation 3

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Affirmative action, stereotype threat, gender differences, GRE performance

25.
Downloads 225 (167,241)
Citation 2

Politics and Gender in the Executive Suite

Harvard Law School John M. Olin Center Discussion Paper No. 1029
Number of pages: 60 Posted: 26 Mar 2020 Last Revised: 10 Mar 2021
Alma Cohen, Moshe Hazan and David Weiss
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Tel Aviv University - Eitan Berglas School of Economics
Downloads 219 (171,180)
Citation 2

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CEO, Executive Suite, Gender Gap, Political Preferences, Compensation, Performance-Sensitivity

Politics and Gender in the Executive Suite

NBER Working Paper No. w28893
Number of pages: 69 Posted: 07 Jun 2021 Last Revised: 20 Jul 2021
Alma Cohen, Moshe Hazan and David Weiss
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Tel Aviv University - Eitan Berglas School of Economics
Downloads 4 (781,311)
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Politics and Gender in the Executive Suite

CEPR Discussion Paper No. DP14513
Number of pages: 55 Posted: 25 Mar 2020
Alma Cohen, Moshe Hazan and David Weiss
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Tel Aviv University - Eitan Berglas School of Economics
Downloads 2 (801,176)
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26.

The Agency Problems of Institutional Investors: Presentation Slides

Number of pages: 25 Posted: 02 Jun 2020
Lucian A. Bebchuk, Alma Cohen and Scott Hirst
Harvard Law School, Harvard Law School and Boston University - School of Law
Downloads 163 (223,357)
Citation 1

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institutional investors, investment managers, mutual funds, index funds, hedge fund activism

Termination Risk and Agency Problems: Evidence from the NBA

Forthcoming, Journal of Law, Economics and Organization, Harvard Law School John M. Olin Center Discussion Paper No. 819
Number of pages: 41 Posted: 05 Apr 2015 Last Revised: 24 Jul 2018
Alma Cohen, Nadav Levy and Roy Sasson
Harvard Law School, Interdisciplinary Center (IDC), Herzliya and Tel Aviv University
Downloads 150 (239,932)

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Termination Risk and Agency Problems: Evidence from the NBA

NBER Working Paper No. w24708
Number of pages: 51 Posted: 18 Jun 2018 Last Revised: 04 Jan 2021
Alma Cohen, Nadav Levy and Roy Sasson
Harvard Law School, Interdisciplinary Center (IDC), Herzliya and Tel Aviv University
Downloads 4 (781,311)

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28.

Judicial Decision Making: A Dynamic Reputation Approach

Journal of Legal Studies, Vol. 44, No. S1, pp.133-159 (2014), Harvard Law School John M. Olin Center Discussion Paper No. 803
Number of pages: 26 Posted: 03 Feb 2015 Last Revised: 25 May 2017
Alma Cohen, Alon Klement and Zvika Neeman
Harvard Law School, Buchman Faculty of Law, Tel Aviv University and Tel Aviv University - Eitan Berglas School of Economics
Downloads 142 (250,298)
Citation 1

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29.

Financial Incentives and Fertility

CELS 2009 4th Annual Conference on Empirical Legal Studies Paper
Number of pages: 45 Posted: 06 Aug 2009 Last Revised: 16 Nov 2009
Harvard Law School, New York University (NYU) - Robert F. Wagner Graduate School of Public Service and Government of the State of Israel - Israel Central Bureau of Statistics
Downloads 107 (308,159)
Citation 15

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fertility, child subsidies, child allowances

30.

Judicial Politics and Sentencing Decisions

NBER Working Paper No. w24615
Number of pages: 41 Posted: 25 May 2018
Alma Cohen and Crystal Yang
Harvard Law School and Harvard Law School
Downloads 22 (615,154)
Citation 5

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31.

Firms' Decisions on Where to Incorporate

Number of pages: 55 Posted: 02 Oct 2002
Lucian A. Bebchuk and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 22 (615,154)
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Delaware, incorporation, corporate governance, regulatory competition, managers, shareholders, takeovers, antitakeover statutes, antitakeover defenses, home bias

32.

How to Communicate the Nudge: A Real-World Policy Experiment

Harvard Law School John M. Olin Center Discussion Paper No. 1067
Number of pages: 46 Posted: 02 Aug 2021
Oren Bar-Gill and Alma Cohen
Harvard Law School and Harvard Law School
Downloads 5 (741,685)

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Nudge, Disclosure, Communication, Debt Collection

33.

The Heterogeneous Effect of Affirmative Action on Performance

NBER Working Paper No. w25322
Number of pages: 58 Posted: 11 Dec 2018 Last Revised: 14 Jun 2021
Anat Bracha, Alma Cohen and Lynn Conell-Price
The Federal Reserve Bank of Boston, Harvard Law School and Carnegie Mellon University
Downloads 5 (741,685)
Citation 1

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34.

Judging Under Public Pressure

NBER Working Paper No. w28894
Number of pages: 48 Posted: 07 Jun 2021 Last Revised: 20 Jul 2021
Alma Cohen, Zvika Neeman and Florian Auferoth
Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Friedrich-Alexander-Universität Erlangen-Nürnberg
Downloads 1 (778,463)
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