Kobi Kastiel

Kobi Kastiel is an Assistant Professor at Tel Aviv University, Faculty of Law. He also serves as a Senior Fellow at the Harvard Law School Program on Corporate Governance. Kastiel teaches and researches in the fields of corporate law and corporate governance, with a particular focus on public companies with controlling shareholders, and shareholder activism.

ESG & Corporate Governance

How Enlightened is Enlightened Shareholder Value?

There has been growing support for replacing the traditional corporate purpose with so-called “enlightened shareholder value,” which would guide firms to consider...

ESG & Corporate Governance

Are “Bankruptcy Directors” Bad for Creditors?

A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join...

Covid-19

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test

Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they...

News

For Whom Corporate Leaders Bargained: What the Past Can Teach Us About the Questionable Promise of Implementing Stakeholder Capitalism Today

The debate about stakeholder capitalism should seek to learn from our experience with constituency statutes, which authorized corporate leaders to take into...

Latest news

Commentary

How Financial Contracting Could Help the Police Force Manage Its Aims More Effectively

Hamid Mehran

Hamid Mehran proposes funded deferred pay, an incentive structure to mitigate the risk and costs of police misconduct.

Event Notes

Event Notes: “China’s Political Economy” in Review

Andy Shi

The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...

Economic History

To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage

Elizabeth Kennedy

American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...

Industrial Policy

How To Ensure Industrial Policy Promotes Public Over Private Gain

Lenore Palladino

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

Fiscal Policy

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

Gustavo de Souza

The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...

Research

Stakeholder Motivations for “Private Sanctions” Against Russia

Utsav Gandhi

As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...

Big Tech

The Wicked Problem Embodied by The Twitter Files

Tom Ginsburg

In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...

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