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Visiting Professor in Law

Visiting Professor in Law Lucian Arye Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and director of the Program on Corporate Governance at Harvard Law School, as well as a research associate of the National Bureau of Economic Research and an inaugural fellow of the European Corporate Governance Institute.

Bebchuk's main areas of research are corporate governance, law and finance, and law and economics, and he has published more than seventy academic research articles on a wide range of issues in these areas. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as "One of the nation's leading scholars of law and economics,” who “has made major contribution to the study of corporate control, governance, and insolvency."

Bebchuk's work has been published in leading law journals, including the Harvard Law Review and the Yale Law Journal, leading finance journals, including the Journal of Finance and the Journal of Financial Economics, and leading economics journals, including the Quarterly Journal of Economics and the Rand Journal of Economics.

Bebchuk serves as vice-president/president-elect of the American law and Economics Association. He is a former chair of the Business Association Section of the American Association of Law Teachers.

Bebchuk has been a frequent contributor to policy making and public discourse in the areas of corporate governance and law and finance both in the U.S. and abroad. He has testified before the Senate Finance Committee and the SEC. He has published many op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times. He co-authored reports commissioned by the government of Israel that were subsequently adopted by Israeli legislation regulating corporate acquisitions and the separation between banking institutions and nonfinancial companies. He was selected for the 2005 list of "100 most influential people in finance" put together by Treasury & Risk Management.

Memberships
American Academy of Arts and Sciences

Books
Pay without Performance: the Unfulfilled Promise of Executive Compensation (with J. Fried), Harvard University Press, 2004

Selected Articles
“Letting Shareholders Seth the Rules," Harvard Law Review, 2006

"The Case for Increasing Shareholder Power," Harvard Law Review, 2005

“The Costs of Entrenched Boards" (with A. Cohen), Journal of Financial Economics, 2005

Education
PhD Harvard University
MA Harvard University
LLM Harvard Law School
SJD Harvard Law School