ECGI is proud to announce the appointment of five new Fellows to add to its distinguished ranks. The new Fellows, who were drawn from academia in Europe, North America and Australia, were elected by their peers, the existing Fellows of ECGI...
The NSE-ECGI Roundtable on ‘Long-term impact of institutional ownership on governance and sustainable investment’ took place on 13 November at the National Stock Exchange of India (NSE), Mumbai. Organized by the NSE in collaboration with the European Corporate Governance Institute (ECGI), the...
The ECGI Roundtable on Board Level Employee Representation took place on 25 October at Imperial College Business School in collaboration with the European Corporate Governance Institute (ECGI). The event focused on the role of employees in corporate governance...
The relationship between changes in GDP and unemployment during the 2008 financial crisis differed significantly from previous experiences and across countries. We study firm-level decisions in France, Germany, Japan, the UK, and the US. We find...Read more
This paper studies incentives in a dynamic contracting framework of a levered firm. In particular, the manager selects long-term and short-term efforts, while shareholders choose initially optimal leverage and ex-post optimal default policies....Read more
Since reaching a peak in 1997, the number of listed firms in the U.S. has fallen in every year but one. During this same period, public firms have been net purchasers of $3.6 trillion of equity (in 2015 dollars) rather than net issuers. The...Read more
We develop a new measure of underwriter bargaining power and a novel empirical approach, based on underwriters’ comparative ability to place bonds. When an issuer has few “outside options” to take her bond to the market, the underwriter enjoys a...Read more
The research work that emanates from ECGI is undertaken by leading scholars around the globe. This important network of academics is at the very core of what ECGI does, drawing on the finest minds in academia from all over the world to tackle some of the most important issues that confront business and governments today.
The ECGI Patron Members provide regular and long-term support for Academic Research through their contributions to the European Corporate Governance Research Foundation (ECGRF). Their philanthropic donations stimulate the production of research studies and other academic work of excellence in corporate governance.
The Institutional Members of ECGI provide a vital connection between the academic world and the policy and practitioner aspects of corporate governance. These members recognise the importance of evidence-based research in developing their corporate governance policies and seek to continuously improve the standards of corporate governance.