• Publications
  • Influence
What Matters in Corporate Governance?
We investigate which provisions, among a set of twenty-four governance provisions followed by the Investor Responsibility Research Center (IRRC), are correlated with firm value and stockholderExpand
The Costs of Entrenched Boards
This paper investigates empirically how the value of publicly traded firms is overall affected by arrangements protecting management from removal. A majority of U.S. public companies have staggeredExpand
Testing for Adverse Selection in Insurance Markets
This paper reviews and evaluates the empirical literature on adverse selection in insurance markets. We focus on empirical work that seeks to test the basic coverage-risk prediction of adverseExpand
Firms' Decisions Where to Incorporate
This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and theExpand
Learning and the Disappearing Association Between Governance and Returns
The correlation between governance indices and abnormal returns documented for 1990–1999 subsequently disappeared. The correlation and its disappearance are both due to market participants' graduallyExpand
The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008
The standard narrative of the meltdown of Bear Stearns and Lehman Brothers assumes that the wealth of the top executives of these firms was largely wiped out along with their firms. In the ongoingExpand
Financial Incentives and Fertility
Abstract Using panel data on over 300,000 Israeli women from 1999 to 2005, we exploit variation in Israel's child subsidy to identify the impact of changes in the price of a marginal child onExpand
Asymmetric Information and Learning: Evidence from the Automobile Insurance Market
This paper tests the predictions of adverse-selection models using data from the automobile insurance market. I find that, in contrast to what recent research suggests, the evidence is consistentExpand
Asymmetric Information and Learning: Evidence from the Automobile Insurance Market
  • Alma Cohen
  • Business
  • Review of Economics and Statistics
  • 2003
This paper tests the predictions of adverse-selection models using data from the automobile insurance market. I find that, in contrast to what recent research suggests, the evidence is consistentExpand
The Effects of Mandatory Seat Belt Laws on Driving Behavior and Traffic Fatalities
This paper investigates the effects of mandatory seat belt laws on driver behavior and traffic fatalities. Using a unique panel data set on seat belt usage in all U.S. jurisdictions, we analyze howExpand
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