[Seoul] The sixth annual GCGC Conference will be hosted by Seoul National University on 12 – 13 June 2020.
[Riga] One of the priorities mentioned in the Entrepreneurship 2020 Action Plan of the European Commission is “easing business transfers”, for example, through reducing cross-border inheritance tax obstacles, improving information and advice services, and other initiatives. Likewise, stock exchanges are attempting to ease obstacles for SMEs, that are predominantly family-owned, to raise capital through public markets. The conference will examine these tendencies.
Vassilis Christakis has been working at the Black Sea Trade & Development Bank since 2000, serving in a variety of procurement and governance-related posts. He has been the Head of the Bank's Internal Purchasing unit and, subsequently, the Bank's Head of Procurement, in charge of setting up major service contracts, managing equipment purchases, and overseeing the selection and employment of consultants. Mr.
The board of directors is the highest decision-making authority in a corporation. But sometimes boards struggle to make decisions. In surveys, 67 percent of directors report the inability to decide about some issues in the boardroom. Moreover, 37 percent say they have encountered a boardroom...
A large empirical literature studies the effects of U.S. states’ corporate law statutes on corporate actions and performance at the firm level. Interest is in the laws for their own sake or as exogenous variation in determinants of firm behavior. For example, well over a hundred papers...
Over the last 15 years and especially since the global financial crisis, investors around the world have been increasingly paying attention to the investment policies of sovereign wealth funds (SWFs). According to the SWF Institute, global assets under management by SWFs have exceeded $8...
In our paper ‘It’s Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking,” we evaluate the extent to which a director’s corporate bankruptcy experience affects the policies their firms follow. We begin by identifying a set of directors that experience a corporate bankruptcy. We...
This article argues that there is a fundamental mismatch between the nature of finance and current approaches to financial regulation. Today’s financial system is a dynamic and complex ecosystem. For these and other reasons, policy makers and...Read more
We study institutional investors’ voice in the Netherlands, focusing on shareholder voting in particular. The Dutch Stewardship Code, developed by institutional investor platform Eumedion, came into force in January 2019, emphasises engagement...Read more
In 2015, as part of a program to reform China’s state-owned enterprises (SOEs), Guiding Opinions were issued by the Central Committee of the Chinese Communist Party (CCP) and the State Council requiring SOEs to amend their corporate charters to...Read more
We analyze compensation design in banks. Specifically, we document associations with firm characteristics, time-series trends, pay-for-performance sensitivities, performance based pay, and the sensitivity of firm-related wealth to changes in...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 held its Annual Members’ Meeting in Barcelona on 24 October 2019, bringing together international academics and practitioners in the field of...Read more
The Swedish House of Finance (SHoF) at the Stockholm School of Economics and the European Corporate Governance Institute (ECGI) are pleased to...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.
