Events

Thu 16 April 2020

(24 Hour Global Webinar) It is already clear that the COVID-19 pandemic will have dire economic consequences, and collective thought is being applied to what policies can better ensure societies’ resilience and their quick and dynamic recovery once the crisis is over. Corporate governance scholars can help devise sound and effective policies for this purpose. This global webinar convened scholars, practitioners and policymakers with the aim of sharing evidence-based insights for the common good.

Fri 19 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. 

Featured papers

Can Stakeholder Orientation Improve Inventory Efficiency? Evidence from a Quasi-Natural Experiment

In this study, we ask if corporate social responsibility (CSR) allows firms facing high business uncertainty to hold less inventory. More specifically, we ask if improved relationship with suppliers can enhance firms’ resilience to negative supply chain shocks, and thereby allow them to carry...

Author:
Yunxiao Liu
Woochan Kim
06 March 2020

Stewardship and Shareholder Engagement in Germany

Corporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term oriented value creation. Many countries have now adopted a best practice code for the stewardship role of institutional investors and asset managers,...

Author:
Wolf-Georg Ringe
10 March 2020

Mobility Restrictions and Risk-Related Agency Conflicts: Evidence from a Quasi-Natural Experiment

Manager-shareholder agency conflicts of interest manifest themselves in several forms. They include manager shirking and the consumption of private benefits, which have been the subject of extensive study. However, a frequently overlooked variant of this problem is risk-related agency conflicts...

Author:
Emdad Islam
Ronald Masulis
Lubna Rahman
05 March 2020

Corporate Governance of Banks and Financial Institutions: Economic Theory, Supervisory Practice, Evidence and Policy

Banks are special, and so is the corporate governance of banks and other financial institutions as compared with the general corporate governance of non-banks. Empirical evidence, mostly gathered after the financial crisis, confirms this. Banks practicing good corporate governance in the...

Author:
Klaus Hopt
16 March 2020

Working papers

Emergency Measures for Equity Trading: The Case Against Short-Selling Bans and Stock Exchange Shutdowns

After the Covid-19 crisis struck, equity prices abruptly plunged across the world. The clear prospect of an almost unprecedented decrease in supply and demand, coupled with extreme uncertainty about the longer-term prospects for the economy...Read more

Luca Enriques
Marco Pagano
18 May 2020

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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 Empirical Practice
Harvard Law School
Research Member
Professor of Corporate Law and Financial Regulation
University College London - Faculty of Laws
Research Member, Representative Member
Head of Department and Professor of Corporate Law
Paolo Baffi Center on Financial Regulation, Bocconi University Law Department

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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.