Global Corporate Governance Colloquium (GCGC) Meets in Tokyo

International academics from the world’s leading universities arrived in Tokyo in June to take part in the 2017 Global Corporate Governance Colloquia (GCGC) conference. The event, hosted by the University of Tokyo and organised by the European Corporate Governance Institute (ECGI)...
9 June 2017


Featured papers


Prospectus Liability and the Role of Gatekeepers as Informational Intermediaries: An Empirical Analysis of the Impact of the Statutory Provisions on Italian IPOs

This Article analyzes market reaction to the introduction into Italian legislation of a statutory system of (IPO) prospectus civil liability enacted in April 2007 on the basis of Directive 2003/71/EC.

Dmitri Boreiko
Stefano Lombardo
20 July 2017

Board Quotas and Director-Firm Matching

We study the impact of board gender quotas on the labor market for corporate directors. We find that the annual rate of turnover of female directors falls by about a third following the introduction of a quota in France in 2011.

Daniel Ferreira
Edith Ginglinger
Marie-Aude Laguna
Yasmine Skalli
01 August 2017

Working papers

The Promise and Perils of Crowdfunding: Between Corporate Finance and Consumer Contracts

‘Crowdfunding’ — raising capital through large numbers of small contributions — is a burgeoning phenomenon, spurred by the internet’s capacity to reduce communication costs. Its still-evolving status is reflected in diversity of contracting...Read more

John Armour
Luca Enriques
18 September 2017

The Dialogue between the Chairman of the Board and Investors: The Practice in the UK, the Netherlands and Germany and the Future of the German Corporate Governance Code Under the New Chairman

The dialogue of the board and its chairman with investors is an established practice in many countries, such as the United Kingdom, the USA, the Netherlands, Belgium, France and recently also Germany. In the UK this dialogue covers the whole...Read more

Klaus Hopt
08 September 2017


Research Members

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.
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Research Member
Hanna Chair in Entrepreneurship & Associate Professor of Finance
Purdue University - Krannert School of Management
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Research Member
Professor of Accounting
The Wharton School, University of Pennsylvania
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Research Member
Seay Regents Chair of Finance and Associate Dean for Research
McCombs School of Business

Patron Members

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.

Institutional Members

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.