In recent times, corporate-finance scholars have embraced a methodological approach that looks for “shocks” to evaluate a policy change. These “shocks” are often new laws or court rulings that change some existing rule on a certain day. The researcher then makes predictions about how the world will change with the new rule and examines evidence… Continue reading Abe Cable on the Effects of Trados in Silicon Valley
The past few decades have witnessed an explosion in the size of the largest US law firms, and a widely accepted narrative holds that this has had a negative effect on the well-being and professional satisfaction of lawyers practicing at these firms. In an important exploratory study and new paper, When Does Big Law Work?,… Continue reading Abe Cable on When Big Law Works
A “unicorn” in Silicon Valley lingo is a private company that has achieved a valuation of $1 billion or more. During the first dot-com craze in the late 1990s, such creatures were truly imaginary, as companies rushed to go public in the relatively early stages of growth. More recently, unicorns have become startlingly common, as… Continue reading Abe Cable on Stock Options at Unicorn Start-Ups