Professor Henderson finds that: "CEOs with legal expertise are effective at managing litigation risk by, in part, setting more risk-averse firm policies. Second, these actions enhance value only when firms operate in an environment with high litigation risk or high compliance requirements. Otherwise, these actions could actually hurt the firm."
The full article is here. A summary in the Harvard Business Review is here.




If knowledge is sociologically conditioned, then what, exactly, happens to the truth-status of the sociology of knowledge itself? This is…