Cathy Hwang, professor of law at the University of Virginia, and Yaron Nili, assistant professor of law at the University of Wisconsin, join the Business Scholarship Podcast to discuss their article Cleaning Corporate Governance, which is co-authored with Jens Frankenreiter and Eric Talley. In this article the authors recreate a dataset of public-company charters on which numerous empirical studies have been based, finding a roughly 80% error rate in the prior data. The authors demonstrate the uses of their new dataset with a replication study of Corporate Governance and Equity Prices, a foundational work in empirical corporate governance.

The dataset and its underlying documents are freely available at publiccompanycharters.com.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Carliss Chatman, associate professor of law at Washington & Lee University, joins the Business Scholarship Podcast to discuss her article Corporate Family Matters. In this article Chatman observes that contemporary large businesses operate through entity networks. She explains that siloed entities within such "corporate families" could facilitate organizational misconduct. To address this problem, she proposes a state-law definition of corporate families applicable to materiality judgments, reporting obligations, and conflicts of interest.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Sadie Blanchard, associate professor of law at the University of Notre Dame, joins the Business Scholarship Podcast to discuss her article Contracts Without Courts or Clans: How Business Networks Govern Exchange. In this article Blanchard explains that under some conditions contracts can be formed and successfully carried out without enforcement by public courts or tight-knit social groups. She presents a case study of the reinsurance trade circa 1980 to demonstrate this point, which shows that the reinsurance industry long thrived on an international basis that did not require judicial or localized reputational enforcement.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Grant Hayden, professor of law at Southern Methodist University, and Matthew Bodie, professor of law at Saint Louis University, join the Business Scholarship Podcast to discuss their article Codetermination in Theory and Practice. In this article, Hayden and Bodie reexamine the literature on codetermination—the inclusion of workers in high-level corporate policymaking—and explain why it deserves a fresh look in an era of challenges to the shareholder-primacy model of corporate governance.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Dorothy Lund, assistant professor of law the University of Southern California, and Elizabeth Pollman, professor of law at the University of Pennsylvania, join the Business Scholarship Podcast to discuss their article The Corporate Governance Machine. In this article, Lund and Pollman identify the origins of the term "corporate governance" and explain corporate governance's emergence as a shareholder-focused system supported by law, markets, and culture. This system, the authors find, has served to arrest the development of and innovations in corporate governance and law.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Elizabeth Tippett, associate professor of law at the University of Oregon, joins the Business Scholarship Podcast to discuss her article Enslaved Agents: Business Transactions Negotiated by Slaves in the Antebellum South. In this article, Tippett analyzes 18th- and 19th-century judicial decisions that spotlight the historical practice of enslaved workers serving as business agents to slaveholders. This analysis, she explains, sheds new light on the legal-economic history of slavery and the law of agency.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Edmund Schuster, associate professor of corporate law at the London School of Economics, joins the Business Scholarship Podcast to discuss his article Cloud Crypto Land. In this article, Schuster explains why enthusiasm around blockchain and smart-contract technologies must confront rule-of-law concerns that would make their application to new legal and economic use-cases doubtful. Instead, he argues, these technologies should not be expected to meaningfully expand outside the realm of cryptocurrency.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Michael Klausner, professor of business and law at Stanford University, joins the Business Scholarship Podcast to discuss his article A Sober Look at SPACs, which was written with co-authors Michael Ohlrogge and Emily Ruan. In this paper, Klausner and his co-authors conduct an empirical examination of special-purpose acquisition companies (SPACs), finding that in their sample period SPAC structures created $3.60 in dilution per $10 raised in SPACs' initial public offerings. The authors explain how this result is partly driven by current U.S. securities regulation and recommend reforms to address differential regulatory treatment of SPACs and traditional IPOs.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Sarah Haan, professor of law at Washington & Lee University, joins the Business Scholarship Podcast to discuss her article Corporate Governance and the Feminization of Capital. In this legal history, Haan shows that in the first half of the twentieth century, women were a significant share of stockholders in the public markets and were a majority in some firms. She then connects this feminization of capital to early corporate theory and examines how gendered stereotypes of women shareholders influenced the rise of institutional investing.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Charlotte Haendler, a PhD student in finance at Boston College, and Rawley Heimer, an assistant professor of finance at Boston College, join the Business Scholarship Podcast to discuss their article The Financial Restitution Gap in Consumer Finance: Insights from Complaints Filed with the CFPB. In this paper, Haendler and Heimer use data from customer complaints submitted to the Consumer Financial Protection Bureau to examine how financial-services providers treat customers of different socioeconomic statuses. After finding racial and income gaps in the likelihood that complaints result in restitution, the authors examine potential mechanisms, including financial industry reaction to changing presidential administrations.

This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.