Mike Burkart

The canonical view of bankruptcy law is that it solves a market failure by imposing a collective choice process that supplants the market. We propose...

We study how firms choose to allocate control over strategic corporate decisions between shareholders and management in a historical setting where...

We study the structure of public firm buyouts in a model that features both the Berle-Means problem (lack of incentives) and the Grossman-Hart problem...

In a canonical takeover model we let informed large shareholders choose between making a bid and initiating a sale to another acquirer. Such takeover...

The Review of Corporate Finance Studies, 12 (1), 78–130