Benefit corporations: “The proper focus for directors should … be to consider only how their actions … advance the identified … public benefit for which the corporation was formed, along with how shareholder interests would be affected.” https://t.co/x7EKgVZWgK #corpgov

— Stefan Padfield (@ProfPadfield) May 9, 2018

“the premise that founders expect to reacquire control if there is an IPO underlies the leading finance theory for why venture capital cannot thrive without a robust stock market” https://t.co/a58JtCGRcP #corpgov

— Stefan Padfield (@ProfPadfield) May 9, 2018

“Our cross-sectional tests examine 2 potential mechanisms driving managers’ decisions to increase takeover defenses: protection of firm value via innovation versus self-serving protection of manager’ jobs. Our results support the former mechanism” https://t.co/4rSWFMW15f #corpgov

— Stefan Padfield (@ProfPadfield) May 10, 2018

I am thrilled to announce the publication of my first book, Corporate Friction: How Corporate Law Impedes American Progress and What To Do About It. From Cambridge University Press, available on Amazon at https://t.co/aePYMoVhQk. Enjoy! #CorporateFriction pic.twitter.com/K9XtwpJDPD

— David Yosifon (@DavidYosifon) May 10, 2018

“whether, and if so, how, the underlying moral commitments of the limited government tradition are incompatible with certain forms of contemporary corporate power” https://t.co/3PgwI6bWmX #corpgov

— Stefan Padfield (@ProfPadfield) May 12, 2018