The primary purpose of the two series is to publish research papers on corporate governance related topics that are authored or co-authored by ECGI Research Members and ECGI Fellows.
No, but exceptions can be made on two counts:
(1) for a paper that has been delivered at academic conferences or workshops organised or endorsed by the ECGI;
(2) for a paper that is included in an ECGI Research Newsletter.
The Editorial Boards which comprise an Editor and a number of Consulting Editors drawn from ECGI's Research Membership then scrutinise the paper to determine whether or not it is suitable for inclusion in the Law or Finance series. The Editors do not referee the paper but merely screen it for general suitability.
A paper would be rejected if it is considered by the Editorial Boards to be an opinion piece i.e. not a true research paper or if the topic is not related to corporate governance, even in the broadest sense.
The WP series editors will generally apply a broad definition of corporate governance and also include papers on the interface between corporate governance and other areas, or papers of which only a part touches on corporate governance. However, papers in other areas whose relevance for corporate governance is only indirect or methodological will not be included. Examples of papers that will be accepted include works:
- covering topics of financial regulation that have an impact on how firms are, or should be, governed/managed/owned;
dealing with the financial crisis, when implications can be drawn on how financial institutions are, or should be, governed/managed/owned.
Examples of papers in other areas whose relevance for corporate governance is only indirect or methodological include:
- contributions to banking and financial institutions that do not address governance issues;
macroeconomic discussions of the financial crisis, sovereign debt markets or related phenomena that do not explicitly address the governance of firms or financial intermediaries.
The acid test for inclusion is whether the paper could be published in a scholarly journal. As such, the main focus is on research papers. Essays, longer surveys or handbook chapters will typically also be included. Comments, op-ed pieces, cases, or teaching notes will not be included.
Once approval to publish has been given on behalf of the Editorial Board by the Editor, the Editorial Assistant then takes a number of steps including:
- the addition of a cover page in the ECGI format.
- the paper is added to the SSRN collection as well as the ECGI website.
- an alert is sent to all the ECGI Members.
- the paper can be featured on the ECGI website.
All papers accepted to the series wil be entered into consideration for the Annual Working Paper Prize which is awarded eavh year et the ECGI Annual Members' Meeting.
A new addition to the ECGI series is announced in the Working Paper section of the ECGI website and by the dispatch of a New Working Paper alert to all ECGI members. The paper's abstract and the paper itself can be downloaded free of charge from SSRN's Financial and Legal Research Institutes Papers Series.
When a paper is submitted to the ECGI, one of three things will then happen:
a - If the paper is not on the SSRN server already, the ECGI formatted paper will be added to the SSRN collection as a separate entry. See example.
b - If a "mimeo" version exists on the SSRN server it will be replaced by the ECGI paper. See example (the ECGI paper replaced the older EFA conference version).
c - If a US Law School or another "generic" version exists on the SSRN server, a reference to the ECGI paper is added to the front page of this paper and a hyperlink to the ECGI formatted paper that will, in this case, reside on the ECGI server.
If the author submits the paper to a series that has the same status as the ECGI series on SSRN (e.g. a US Law School series), the ECGI paper on the SSRN server will be replaced by a "generic" paper and the ECGI version of the paper will be moved to the ECGI server. The hyperlink to the ECGI paper on the ECGI server is displayed on the front page of the "generic" paper on SSRN.
Multiple submissions to the ECGI, the CEPR and NBER electronic series do not fall under (b) or (c) because the CEPR and NBER series are fee based.