ECGI Appoints Five New Fellows

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 and the United States, were elected by their peers, the existing Fellows of ECGI. The committee responsible for the process is currently chaired...
18 October 2019


Tue 05 November 2019 > Thu 07 November 2019

[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.

Fri 06 December 2019

[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

Featured papers

Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships

The received wisdom is that stronger relationships reinforce over time and lead to better deals. Examining investor relationships in the venture capital (VC) industry we challenge this received wisdom by identifying circumstances where relationships weaken over time, and can even lead to lower...

Qianqian Du
Thomas Hellmann
14 December 2019

Self-Driving Corporations?

What are the implications of artificial intelligence (AI) for corporate law? In a recent essay, we consider the trajectory of AI’s evolution, analyze the effects of its application on business practice, and investigate the impact of these developments for corporate law. Overall, we claim that...

John Armour
Horst Eidenmüller
14 December 2019

Does Money Talk? Market Discipline through Selloffs and Boycotts

Market discipline is viewed by policymakers as essential to achieve a more environmentally and socially sustainable economy. Investors have ethical and social standards and may be willing to vote with their wallets and spurn firms that fall short of their expectations on ethical norms and...

Nickolay Gantchev
Mariassunta Giannetti
Rachel Li
14 December 2019

Addressing the Auditor Independence Puzzle: Regulatory Models and Proposal for Reform

Auditors play a major role in corporate governance and capital markets by creating trust on public investors and reducing the risk of financial misconduct by corporate insiders. In order to achieve these functions, however, auditors should have the adequate knowledge and expertise, and they...

Martin Gelter
Aurelio Gurrea-Martinez
14 December 2019

Working papers

Controlling Shareholders in the Twenty-First Century: Complicating Corporate Governance Beyond Agency Costs

By the end of the twentieth century, the then-dominant literature on “law and finance” assumed that concentrated ownership was a product of deficient legal systems that did not sufficiently protect outside investors. At the same time,...Read more

Mariana Pargendler
14 December 2019

Feminist Firms

We examine whether reducing frictions in the labor market affects the performance of private and public firms. Using the staggered adoption of state-level Paid Family Leave acts, we provide causal evidence on the value created by relieving...Read more

Benjamin Bennett
Isil Erel
Léa H. Stern
Zexi Wang
14 December 2019



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). 

14 December 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: 
Fellow, Research Member
Professor of Company and Securities Law
University of Cambridge Law Faculty and Centre for Corporate and Commercial Law (3CL)
Real name: 
Research Member
Bob Baxt AO Chair in Corporate and Commercial Law
Monash University
Research Member
Professor of Law and Finance
Amsterdam Law School and Business School, University of Amsterdam
Research Member
Professor of Law
Paolo Baffi Center on Financial Regulation, Bocconi University Law Department

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.