[Tokyo] Waseda Institute for Advanced Study (WIAS) conducted this 3-day international seminar which wrapped up past research activities and explored new issues to be challenged concerning this research project.
[NYC] The Institute for Corporate Governance & Finance at NYU hosted a roundtable on the subject "For Whom is the Corporation Managed?" on Friday 6 December 2019
This academic conference focused on the theme of Executive Compensation and Sustainability. Attendance was by invitation only.
Daniela Weber-Rey is a non-executive board member at HSBC Trinkaus & Burkhardt AG (Aufsichtsrat), Düsseldorf, and at Groupe FNAC DARTY (Conseil d’Administration), Ivry-sur-Seine/Paris, as well as a member of the Government Commission for the German Corporate Governance Code, a board member of the European Corporate Governance Institute, Brussels, and a corporate advisor to the British Academy, London.
A major friction in capital markets are information asymmetries, which can lead to mispricing of shares. Such mispricing is of particular concern for shareholders and investors at the time when new shares are issued. On the one hand, shareholders fear that their holdings get diluted due to...
Throughout history, economic activities have been fundamentally shaped by ideology. Scholars usually consider ideology as a set of ethical ideas, principles, or doctrines of a social movement, institution, or class that concerns a specific form of government (e.g., democracy or autocracy) and...
In 2010, when the United Kingdom enacted the world’s first stewardship code (UK Code), the impetus behind it was clear. Institutional investors had come to hold a substantial majority of the shares in UK listed companies. However, most institutional investors lacked the incentive to use their...
The UK’s adoption of a stewardship code sparked a global shareholder stewardship movement. Singapore, as a corporate governance leader in Asia, naturally followed suit by introducing its stewardship code (Singapore Code) in 2016 through an entity named ‘Stewardship Asia’. Based on a superficial...
This article surveys the recent literature on boards of directors and the interplay between director incentives and CEO incentives. The primary focus is on how the incentives and other characteristics of directors, boards and CEOs interact to...Read more
Regulators and commentators around the world are increasingly demanding that institutional investors engage in stewardship with respect to their portfolio companies. Further, the demand for stewardship has broadened from an expectation that...Read more
Using a sample of S&P 500 firms between 2013 and 2017, we study the impact of ESG rating disagreement on stock returns. Building on the heterogeneous beliefs literature, we conjecture that for disagreement about environmental ratings, a risk–...Read more
We argue that CEOs have different attitudes toward the firm’s stakeholders and that these differences in attitudes affect the firm’s decision making. We hypothesize that these differences stem from differences in political ideology: Liberal CEOs, as...Read more
ECGI is proud to announce the support of a new patron member, three new institutional members and a new academic...Read more
The European Corporate Governance Institute (ECGI) is delighted to announce the winners of the best papers in the Working Paper Finance and Law...Read more
The fact that fewer companies are going public was undisputed at a recent...Read more
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...Read more
The ECGI Annual Lecture Panel Discussion on “The Economics of Firm Culture”, moderated by Prof. Marco Becht (Solvay Brussels School), composed of Dr. Beatrice Engström-Bondy (Investor AB) and Prof. Paola Sapienza (Kellogg School of Management).
Winner of the 2019 Cleary Gottlieb Hamilton & Steen Law Prize in the ECGI Working Paper Series. Watch Profs. Lucian Bebchuk (Harvard Law) and Scott Hirst (Boston University) present their paper "Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy” at the ECGI Annual Members' Meeting in Barcelona (2019).
Prof. Enrichetta Ravina presents her winning paper "Investor Ideology”, co-authored with Patrick Bolton, Tao Li, and Howard Rosenthal, at the ECGI Annual Members' Meeting in Barcelona (2019).
The ECGI Annual Lecture 2019, delivered by Prof. Paola Sapienza, Professor of Finance at Kellogg School of Management.
