Leeds Professor Sanjai Bhagat's work "The Promise and Perils of Corporate Governance Indices," was recently selected as one of the Best Corporate and Securities Articles of 2009 by the Vanderbilt Law School publication Corporate Practice Commentator. The European Corporate Governance Institute also awarded the article the De Brauw Blackstone Westbroek Law Prize for best paper in a law series.
This papers states that governance indices, which are suppose to measure a firm's quality and inform investors, are flawed because they fail to capture the diverse ways governance operates. The paper suggests putting less importance on the indices and instead using it as one of many tools to provide information about a firms quality. On a recent trip to Washington, D.C. Bhagat served on an expert panel and answered financial policymakers questions on this topic. He has presented his work to public groups such as the U.S. Department of the Treasury and the U.S. Securities and Exchange Commission.
Nationally recognized as an expert in corporate lawsuits and business valuation, Bhagat has published extensively in academic journals including the Journal of Finance, American Law and Columbia Law Review.