Center Leadership

Sally S. Simpson, Director

Sally S. Simpson, PhD, is the director of C-BERC and professor of criminology and criminal justice at the University of Maryland, College Park. She is the principal investigator with Debra Shapiro (management and organization), Christine Beckman (management and organization), and Jerry Martin (finance, American University), on a National Institute of Justice funded research project that examines the impact of board of director diversity on corporate misconduct and whether offending and its consequences affect changes in the board.

Simpson is vice-chair of the Committee on Law and Justice, National Academy of Sciences, Engineering, Medicine and incoming president (2019-20) of the American Society of Criminology (ASC). She is the 2018 recipient of the ASC Edwin H. Sutherland Award and an ASC fellow. Simpson has served as president of the Association of Doctoral Programs in Criminology and Criminal Justice. She is former chair of the crime, law, and deviance section of the American Sociological Association and past president of the White-Collar Crime Research Consortium. Recipient of the Herbert Bloch Award from the American Society of Criminology, in 2010 Simpson was named Woman of the Year by the President's Commission on Women's Issues at the University of Maryland. In 2013, she was honored with the Gilbert Geis Lifetime Achievement Award, the National White-Collar Crime Center and the White-Collar Crime Research Consortium. In 2008, Simpson was named Distinguished Scholar by the Division on Women and Crime, American Society of Criminology.

Selected Publications


  • Michael Benson and Sally S. Simpson, White-Collar Crime: An Opportunity Perspective. New York: Routledge Press (2018, third edition).
  • Sally S. Simpson and David Weisburd (Eds.), The Criminology of White-Collar Crime. New York: Springer (2009).
  • Sally S. Simpson, Corporate Crime, Law, and Social Control. (Cambridge University, 2002).


  • Sally S. Simpson. "Reimagining Sutherland 80 years after White-Collar Crime." Criminology 57 (2): 2019.
  • Schell-Busey, Natalie, Sally S. Simpson, Melissa Rorie, and Mariel Alper. "What works? A Systematic Review of Corporate Crime Deterrence." Criminology & Public Policy. Available online. 21 MAR 2016.
    • Winner, Outstanding Article Award from the American Society of Criminology Division on White-Collar and Corporate Crime (2017).
  • Sally S. Simpson, White Collar Crime. Annual Review of Sociology. Volume 39, Pp. 309-332 in Karen S. Cook and Douglas S. Massey (Co-Editors). Annual Reviews. Palo Alto, CA. 2013.
  • Sally S. Simpson, Carole Gibbs, Lee Ann Slocum, Melissa Rorie, Mark Cohen, and Michael Vandenbergh. "An Empirical Assessment of Corporate Environmental Crime Control Strategies." Journal of Criminal Law and Criminology 103 (1): 231-278, 2013.

T. Leigh Anenson, Associate Director

Leigh Anenson, JD, LLM, PhD, is an associate director of C-BERC and professor of business law at the Robert H. Smith School of Business, University of Maryland.

Anenson is an internationally recognized scholar in American equity law. Her research seeks to rethink the role of ancient equity in modern business litigation. Equitable principles arise in a wide variety of commercial settings comprising unfair competition, contracts, corporate governance, and financial fraud. Equitable remedies and defenses available in adjudication are also an important component of commercial law. Anenson's secondary research stream involves pension law and policy.

Anenson's research has earned numerous awards, including the two most prestigious international awards given by the Academy of Legal Studies in Business (ALSB). (Hoeber Awards, 2005, 2006, 2007) (Holmes-Cardozo Awards, 2004, 2005, 2007, 2009). Several of her articles have been published in the leading business law journal, as well as in journals at top law schools. Anenson's research has been widely cited in academic articles, leading law textbooks, and court opinions.

Anenson has been a visiting fellow in commercial equity law at Wolfson College, and a visitor to the law faculty, University of Cambridge, England. She was also a visiting scholar with the Ross Parsons Centre for Commercial, Corporate, and Taxation Law, in the faculty of law, University of Sydney, Australia. Anenson is a former editor of the American Business Law Journal and the International Business Law Review. She has served as the president of the international section of the ALSB as well as its Pacific Southwest region. The ALSB honored Anenson with its Early Career Achievement Award in 2007. Before embarking on an academic career, Anenson worked in the private practice of law and business.

Selected Publications

  • Judging Equity: The Fusion of Unclean Hands in US Law (Cambridge University Press, 2019)
  • Announcing the "Clean Hands" Doctrine, Vol. 51, U.C. Davis Law Review 1827-90 (2018)
  • T. Leigh Anenson, Statutory Interpretation, Judicial Discretion, and Equitable Defenses, Vol. 79, University of Pittsburgh Law Review 1-59 (2017) (lead article)
  • T. Leigh Anenson, Equitable Defenses in the Age of Statutes, Vol. 37, The Review of Litigation (University of Texas at Austin) 529-79 (2018)
  • T. Leigh Anenson, Public Pensions and Fiduciary Law: A View from Equity, Vol. 50 University of Michigan Journal of Law Reform 251-290 (2017) (lead article)
  • T. Leigh Anenson, Karen Eilers Lahey & Alex Slabaugh, Reforming Public Pensions, Vol. 33, Yale Law & Policy Review 1-74 (2014) (lead article)
  • Gideon Mark & T. Leigh Anenson, Inequitable Conduct and Walker Process Claims after Therasense and the America Invents Act, Vol. 15, University of Pennsylvania Journal of Business Law (2014) 361-430 (lead article)
  • T. Leigh Anenson & Gideon Mark, Inequitable Conduct in Retrospective: Understanding Unclean Hands in Patent Remedies, Vol. 62, American University Law Review 1441-1527 (2013) (lead article)
  • T. Leigh Anenson, Real Estate and Alternative Asset Allocations of U.S. Firms' Defined Benefit Pension Plans (with Karen Eilers Lahey et al.), Vol. 18, Journal of Real Estate Portfolio Management 273-87 (2012)
  • T. Leigh Anenson, Clean Hands and the CEO: Equity as an Antidote for Excessive Compensation (with Donald O. Mayer), Vol. 12, University of Pennsylvania Journal of Business Law 101-165 (2010) (lead article)


Gideon Mark, Associate Director

Gideon Mark, JD, MBA, MPA, and LL.M., is an associate director of C-BERC and associate professor of business law at the Robert H. Smith School of Business, University of Maryland.

Mark's research primarily concerns securities, corporate governance, and intellectual property. His research has earned various awards, including a 2013 Hoeber Memorial Award for Excellence in Research from the Academy of Legal Studies in Business. Mark's research has been published in the leading peer-reviewed business law journal, as well as in a number of law journals published by top law schools.

Mark holds degrees from Brandeis University, Columbia University, Harvard University, New York University, and the University of California. Prior to embarking on an academic career, he worked full-time in private law practice for many years.

Mark is serving as managing editor of the American Business Law Journal during the academic year 2018-19.

Selected Publications

  • Confidential Witness Interviews in Securities Litigation, 96 North Carolina Law Review 789-822 (2018) (invited symposium contribution)
  • The Yates Memorandum, 51 UC Davis Law Review 1589-1671 (2018)
  • The Yates Memorandum and Cartel Enforcement, 51 UC Davis Law Review Online 97-119 (2018)
  • SEC and CFTC Administrative Proceedings, 19 University of Pennsylvania Journal of Constitutional Law 45-140 (2016)
  • SEC Enforcement Discretion, 94 Texas Law Review See Also 261-278 (2016) (invited contribution)
  • Multijurisdictional M&A Litigation, 40 Journal of Corporation Law (University of Iowa) 291-350 (2015)
  • Inequitable Conduct and Walker Process Claims After Therasense and the America Invents Act (with Leigh Anenson), 16 University of Pennsylvania Journal of Business Law 361-430 (2014)
  • Recanting Confidential Witnesses in Securities Litigation, 45 Loyola University Chicago Law Journal 575-602 (2014) (invited symposium contribution)
  • Inequitable Conduct in Retrospective: Understanding Unclean Hands in Patent Remedies (with Leigh Anenson), 62 American University Law Review 1441-1527 (2013)
  • RICO's Extraterritoriality, 50 American Business Law Journal 543-608 (2013) (Hoeber Memorial Award for Excellence in Research)
  • Private FCPA Enforcement, 49 American Business Law Journal 419-506 (2012)
  • Federal Discovery Stays, 45 University of Michigan Journal of Law Reform 405-453 (2012)
  • Confidential Witnesses in Securities Litigation, 36 Journal of Corporation Law (University of Iowa) 551-605 (2011)


Vojislav (Max) Maksimovic, Associate Director

Vojislav "Max" Maksimovic is the William A. Longbrake Chair in Finance, and a professor of finance. His recent research focuses on how a firm's organizational structure affects the flow of resources across its divisions. He has also worked on how competition in high technology industries determines the timing of initial public offerings. Maksimovic is interested in international finance, specifically in how a country's legal and institutional environment influences the financing and investment by firms. Maksimovic's research has been published in the Journal of Finance, Review of Financial Studies, Rand Journal of Economics, Journal of Financial Economics, and Journal of Financial and Quantitative Analysis. He is an associate editor of the Journal of Financial Intermediations and a past member of the board of directors of the Western Finance Association.


  • Ayyagari, M., Demirguc-Kunt, A., and V. Maksimovic, "What determines entrepreneurial outcomes in emerging markets? The Role of Initial Conditions," Review of Financial Studies, 30(7), 2478-522. 2017
  • Hoberg, G., and V. Maksimovic, "Redefining financial constraints: a text-based analysis," Review of Financial Studies, 2015, 28(5), 1312-1352.
  • Ayyagari, M., Demirguc-Kunt, A., and V. Maksimovic, "Who creates jobs in developing countries?" Small Business Economics, 2014, 43(1), 75-99. Publisher's Version
  • Ayyagari, M., Demirguc-Kunt, A., and V. Maksimovic, "Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected?" Journal of Financial and Quantitative Analysis, 2014, 49(01), 51-75. Publisher's Version. 2014
  • Maksimovic V., Phillips G., and L.Yang, "Private and Public Merger Waves," Journal of Finance, 2013, 68(5), 2177-2217. Publisher's Version
  • Ayyagari, M., Demirguc-Kunt, A., and V. Maksimovic, "What Determines the Protection of Property Rights? An Analysis of Direct and Indirect Effects," Journal of Financial Econometrics, 2013, nbs010.
  • Maksimovic V., Phillips G., and N. Prabhala, "Post-merger restructuring and the boundaries of the firm" Journal of Financial Economics,2011, 317-343. (to be reprinted in Mergers and Acquisitions, edited by Harold Mulherin, Elgar Publishing) Publisher's Version
  • Ayyagari, M., Demirguc-Kunt, A., and V. Maksimovic, "Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition," Journal of Financial and Quantitative Analysis, 2011, 46, 1545-1580. Publisher's Version. 2011


Debra L. Shapiro, Associate Director

Debra L. Shapiro (PhD, Northwestern University) is the Clarice Smith Professor at the University of Maryland (UMD), formerly the Willard Graham Distinguished Professor at UNC-Chapel Hill where she was 1986-2003. Shapiro has led UNC's and MD's business schools' PhD programs (as associate dean at UNC from 1998-2001 and as assistant dean at UMD from 2008-11). Shapiro's leadership also includes (among other things) her being: division chair of the Academy of Management's (AOM's) conflict management division, representative-at-large on AOM's board of governors, associate editor of the Academy of Management Journal, AOM program chair/vice-president, AOM president, and executive committee member for the Society of Organizational Behavior. Shapiro studies interpersonal-level dynamics in organizations such as negotiating, mediating, dispute-resolving, and procedural justice-enhancing strategies that enhance integrative (win-win) agreements, organizational justice, ethical work behaviors, and more generally, positive work attitudes and their associated behaviors. Shapiro's work has won "Best Paper Awards" six times (four times from the AOM's conflict management division (in 1991, 1992, 1996, and 2007) and two times from the International Association for Conflict Management (in 1999 and 2013); and is in premier academic journals including Administrative Science Quarterly, Academy of Management Journal, Academy of Management Review, Academy of Management Executive, Organizational Behavior and Human Decision Processes, Journal of Applied Psychology, Journal of Personality and Social Psychology, Journal of Experimental Social Psychology, Academy of Management Annals, Journal of Management, Journal of International Business Studies, Journal of Business Ethics, Organizational Research Methods, Journal of Organizational Behavior, Communication Research, several handbooks (spanning negotiation, culture, and justice) and the OB division's inaugural podcast series among other outlets. Shapiro has also published two books—"Managing Multinational Teams: Global Perspectives" (co-edited with Mary Ann Von Glinow and Joe Cheng, published by Elsevier in 2005) and "The Psychology of Negotiation in the 21st Century Workplace: New Challenges and New Solutions" (co-edited with Barry Goldman and published by the Psychology Press/Routledge in 2012 as part of SIOP's Frontier Series). Shapiro received UNC's 1997 PhD Teaching Award and UMD's 2008 Krowe Teaching Award and is a fellow of the Academy of Management, Society of Organizational Behavior (for which she is currently an executive committee member), and the Ethics & Compliance Initiative (previously called the Ethics Resource Center). As of January 2020, Shapiro's h-index is 53 and citation-count on Google Scholar is nearly 18,000.

Selected Publications

  • Levi, A., Shapiro, D.L., Fried, Y., Markoczy, L., & Noghani, F. 2019. When everyone works harder for fewer rewards, is it fair? Implications of "organization-wide hardship" for managing and studying organizational fairness. Group & Organization Management, 44(2): 396-424.
  • Rupp, D.E., Shapiro, D.L., Skarlicki, D. P., & Folger, R. 2017. A critical analysis of the conceptualization and measurement of 'organizational justice': Is it time for reassessment? Academy of Management Annals, 11(2): 919-959.
  • Huang, L., Gibson, C.B., Kirkman, B.L., & Shapiro, D.L. 2017. Is traditionalism an asset or a liability for team-innovation? A two-study empirical examination. Journal of International Business Studies, 48(6): 693–715.
  • Shapiro, D.L. Hom, P., Shen, W., & Agarwal, R. 2016. How do leader-departures affect subordinates' organizational attachment?: A 360-degree relational perspective. Academy of Management Review, 41(3): 479-450.
  • Goldman, B.M., Shapiro, D.L., & Pearsall, M. 2016. Towards an understanding of the role of anticipatory justice in the employment dispute-resolution process. International Journal of Conflict Management, 27(2): 275-298.
  • Kim, T.Y., Edwards, J.R., & Shapiro, D.L. 2015. Social comparison and distributive justice: East Asia differences. Journal of Business Ethics, 132(2): 401-414.
  • Shin, J., Seo, M., Shapiro, D.L., & Taylor, M.S. 2015. Maintaining employees' commitment to organizational change: The role of leaders' informational justice and transformational leadership. Journal of Applied Behavioral Science, 51(4):501-528.
  • Mayer, D., Nurmohamed, S., Trevino, L., Shapiro, D.L., & Schminke, M. 2013. Encouraging employees to report unethical conduct internally: It takes a village. Organizational Behavior and Human Decision Processes, 121: 89-103.
  • Zavyalova, A., Pfarrer, M.D., Reger, R.K., & Shapiro, D.L. 2012. Managing the message: The effects of firm actions and industry spillovers on media coverage following wrongdoing. The Academy of Management Journal, 55(5): 1079-2012.
  • Kulik, C.T., Pepper, M.B., Shapiro, D.L., & Cregan, C. 2012. The electronic water cooler: Insiders and outsiders talk about organizational justice on the internet. Communication Research, 39: 565-591.
  • Shapiro, D.L., Boss, A., Salas, S., Tangirala, S., & Von Glinow, M.A. 2011. When are transgressing leaders punitively judged?: An empirical test. Journal of Applied Psychology, 6(2): 412-422.


Emanuel Zur, Associate Director

Emanuel Zur, PhD, assistant professor of accounting and information assurance, joined the faculty in 2013. Prior to joining Maryland's AIA faculty, Zur was an assistant professor of accounting at Baruch College and a visiting assistant professor at MIT's Sloan School of Management. He holds an LLB in law and a BA in economics from Tel-Aviv University in Israel, as well as an M.Phil. in management, and a PhD in business administration (accounting) from New York University's Stern School of Business. Before entering academia, Zur worked as a consultant for EY and as a lawyer for one of the leading law firms in Israel. His research has been published in the Journal of Finance and the Review of Financial Studies and he has presented research papers at leading universities in Asia, Europe, and North America. His work on hedge fund activists has been cited in such media outlets as CNBC, the Washington Post, Forbes Magazine, and the New York Times.

Selected Publications

  • Hagit Levy, Ron Shalev, and Emanuel Zur, "The effect of CFO personal litigation risk on firm's disclosure and accounting choices, Forthcoming, Contemporary Accounting Research.
  • Masako Darrough, Rong Huang, and Emanuel Zur, "The value of SOX 404 in the market for corporate control", Forthcoming, Contemporary Accounting Research.
  • Carol Marquardt and Emanuel Zur, "The Role of Accruals Quality in the M&A Market", Management Science, 2015, 61(3): 604–623.
  • Alex Edmans, Vivian Fang, and Emanuel Zur, "The Effect of Liquidity on Governance", Review of Financial Studies, 2013, 26(6): 1443-1482.
  • April Klein and Emanuel Zur, "The Impact of Hedge Fund Activism on the Target Firm's Existing Bondholders", Review of Financial Studies, 2011, 24(5): 1735-1771.


Peter Reuter, Associate Director

Peter Reuter, PhD, is a professor in the School of Public Policy and the Department of Criminology at the University of Maryland. He served as editor of the Journal of Policy Analysis and Management from 1999-2004. He founded and directed RAND's Drug Policy Research Center from 1989-93.

His early research focused on the organization of illegal markets and resulted in the publication of Disorganized Crime: The Economics of the Visible Hand (MIT Press, 1983), which won the Leslie Wilkins award as most outstanding book of the year in criminology and criminal justice. In 2001 he co-authored (with Robert MacCoun) Drug War Heresies: Learning from Other Places, Times, and Vices (Cambridge University Press). Recently he co-authored (with Edwin Truman) Chasing Dirty Money: The Fight Against Money Laundering. He is director of the University's Program on the Economics of Crime and Justice Policy. Reuter received his PhD in Economics from Yale.

Zubin Jelveh, Associate Director

Zubin Jelveh, PhD, is an assistant professor with a joint appointment at the College of Information Studies (iSchool) and Department of Criminology and Criminal Justice. Jelveh's research explores the promises and pitfalls of leveraging automated prediction technology to improve decision-making in social policy, particularly in the areas of domestic violence and gun violence. He is also developing record linkage algorithms that are tailored for the unique features of criminal justice data. Jelveh additionally studies how science gets made, specifically the incentives that drive how research is presented.

Prior to joining UMD, Jelveh was a research director at Crime Lab New York, a University of Chicago-affiliated research institute. Prior to entering the data science field, Jelveh was a journalist covering economics for outlets like the New York Times, Condé Nast Portfolio, and the New Republic.

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