Event Report: The Future of The Firm

Speculation, caution, enthusiasm, prediction, and philosophy: a recent event on "The Future of the Firm" captured all of the aforementioned elements and made for an informed exchange of ideas on the likely impact of technology innovation and industrial change on the concept of the firm...
27 August 2019


Mon 23 September 2019 > Tue 24 September 2019

This conference at King’s College London will bring together standard setters to share experiences and good practices, enhance dialogue, guide scholarship, and shape future stewardship policy through evidence-based recommendations.

Tue 24 September 2019

The conference remembers our late colleague Professor Brigitte Haar who passed away much too early this spring. Brigitte was Professor of Private German, European, and International Business Law at the Goethe University Frankfurt and an ECGI Research Member.

Featured papers

Does Board Gender Diversity Affect Renewable Energy Consumption?

To the best of our knowledge this is the first study to investigate whether the presence of female directors in the boardrooms of US corporations increases the consumption of renewable energy as a share of total energy consumption. Renewable energy includes energy from wind, solar, biomass,...

Muhammad Atif
Mohammed Hossain
Md. Samsul Alam
Marc Goergen
26 August 2019

The Politics of Capital Markets Union

The European Capital Markets Union is an ambitious project with a well-established economic rationale. Less well explored is the political side of the CMU agenda.

This paper argues that the main purpose behind the CMU project is a political move. I show that the initial plan was first and...

Wolf-Georg Ringe
07 August 2019

Earnings Management around Founder CEO Re-appointments and Successions in Family Firms

Earnings management consists of a firm’s insiders cooking the books, that is, manipulating reported earnings via discretionary accruals and/or taking real actions to affect the financial performance of the firm.  Discretionary accruals derive from different interpretations of accounting rules....

Marc Goergen
Svetlana Mira
Iram Fatima Ansari
27 August 2019

Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review


Sustainability and Corporate Social Responsibility (CSR) have become important to many corporations and the majority of large firms today voluntarily provide reports on their CSR initiatives, risks, and activities. However, because there are no commonly agreed...

Hans Christensen
Luzi Hail
Christian Leuz
08 August 2019

Working papers

Be Careful What You Ask for: Fundraising Strategies in Equity Crowdfunding

We use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus what investors want to invest. The analysis exploits unique features of crowdfunding where entrepreneurs not only set investment...Read more

Thomas Hellmann
Ilona Mostipan
Nir Vulkan
19 September 2019



Prof. Vicente Cuñat presents his paper on "Active Owners and Firm Policies" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Oğuzhan Karakaş.

01 August 2019

Prof. Jennifer Hill presents her paper on "Corporate Culture and Liability" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Edward Rock

01 August 2019

Prof. Enrichetta Ravina presents her paper on "Investor Ideology" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Holger Spamann.

31 July 2019

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.
Real name: 
Research Member
Professor of Finance
University of Lausanne, Swiss Finance Institute
Real name: 
Research Member
Hanna Chair in Entrepreneurship & Associate Professor of Finance
Purdue University - Krannert School of Management

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.