Call For Papers: GCGC 2021
Submissions are being invited for presentation at the 2021 GCGC Conference hosted by Yale University on 11 -12 June 2021...
31 August 2020
Event Report: SMEs, Families and Capital Markets
The ECGI - SSE Riga Conference on 'SMEs, Families and Capital Markets' took place (online) on 19 June 2020, bringing together policymakers, academics and practitioners to explore some of the key issues throughout a number of sessions...
12 August 2020
COVID-19 and Corporate Governance: Resources
ECGI is collecting scholarly resources on the topic of COVID-19 and corporate governance to help inform policy decisions and corporate responses to the crisis at hand...
7 April 2020
Codes
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Code of good governance of listed companies01 June 2020SpainCustom text: New
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Principles for Responsible Institutional Investors - Japan’s Stewardship Code24 March 2020JapanCustom text: New
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Italian Corporate Governance Code 202031 January 2020ItalyCustom text: New
Events
Thu 15 October 2020
This year's annual lecture will be delivered by Nobel Laureate Oliver Hart (Harvard University and ECGI). The event will take place online.
Fri 16 October 2020
> Sun 18 October 2020
ECGI and the Swedish House of Finance (SHoF) will host a conference on Sustainable Finance on October 16-17, 2020...
Fri 23 October 2020
ECGI and the Millstein Center for Global Markets and Corporate Ownership invite you to participate in a conference on Rethinking Stewardship...
Wed 28 October 2020
> Fri 30 October 2020
This online conference will bring together leading scholars, including Nobel Laureate Bengt Holmström (MIT and ECGI), from the fields of strategy, organisational theory, organisational economics, finance and corporate law...
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Featured ECGI Member
Pilotos Ltd
Eeva Ahdekivi is a finance professional with 25 years working experience in banking, corporate finance and asset management. Her previous employers were Hartwall Capital Ltd, Solidium Ltd, Pohjola Asset Management, Conventum Ltd, Nordea Bank.
Eeva Ahdekivi has a DBA (Doctor of Business Administration) from Aalto University, 2016. The thesis title is "Interactions between Non-profits Governance, Finance and Investments".
Featured papers
Party Building or Noisy Signaling? The Contours of Political Conformity in Chinese Corporate Governance
In 2015, the Chinese Communist Party embarked on an unprecedented policy: writing itself into the corporate charters of many of the country’s largest and most powerful firms to influence their corporate governance. Pursuant to this “party building” (dangjian) policy, high-level party...
A Theory of Financial Media
In this paper we aim to better understand the economic role of financial journalists. Although there is a growing body of empirical research showing that financial journalists reach a broad swath of investors and that their reporting can affect trading in financial markets, the existing...
Shifting Contours of Directors’ Fiduciary Duties and Norms in Comparative Corporate Governance
Modern corporate governance is highly fragmented. It has been described as “a braided framework” that encompasses an array of techniques to control the improper exercise of discretion and conflicts of interest by directors and officers. These regulatory techniques include not only legal rules,...
Stewardship and Collective Action: The Australian Experience
The global financial crisis gave rise to competing narratives about shareholders and their engagement in corporate governance. According to one narrative, which was common in the United States, shareholders were complicit in the crisis, by placing pressure on corporate managers to engage in...
Working papers
Institutional Investors and Corporate Governance
We provide a comprehensive overview of the role of institutional investors in corporate governance with three main components. First, we provide a detailed characterization of key aspects of the legal and regulatory setting within which ...Read more
Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea and Israel
Large business enterprises, from the railroad barons of nineteenth century America to Amazon and Google today, are often perceived as important for economic performance and, at the same time, as potential abusers of their political and economic...Read more
Bribes and Corporate Performance: Evidence from a Quasi-Natural Experiment
We examine how bribes may affect corporate performance using a quasi-natural experiment. Specifically, we exploit the 2016 enactment of the Improper Solicitation and Graft Act in Korea which limits provision of gifts and entertainment to public...Read more
Are CEOs paid extra for riskier pay packages?
This paper quantifies the cost of CEO incentive compensation by estimating an elasticity of pay to the variance of pay. Using US CEO compensation data and a variety of empirical approaches, we find that CEOs with riskier pay packages are paid...Read more
News
Lucrezia Reichlin appointed as Chair of ECGI
Lucrezia Reichlin appointed as Chair of ECGI
The ECGI Board of Directors is delighted to announce the appointment of Professor Lucrezia Reichlin as the new Chair of ECGI to succeed Guy Jubb,...Read more
ECGI Announces Prizes for Papers on ‘Nationalism’ and ‘Activism’
ECGI Announces Prizes for Papers on ‘Nationalism’ and ‘Activism’
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
Event Report: Global Webinar on the COVID-19 Crisis and its Aftermath
Event Report: Global Webinar on the COVID-19 Crisis and its Aftermath
A summary report from the 24-hour Global Webinar organised by ECGI and the Global Corporate Governance Colloquia (...Read more
Event Report: SMEs, Families and Capital Markets
Event Report: SMEs, Families and Capital Markets
The ECGI - SSE Riga Conference on 'SMEs, Families and Capital Markets' took place (online) on 19 June 2020, bringing together policymakers,...Read more
Codes
Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 concerning Approval of Joint Stock Companies Governance Guide
Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 concerning Approval of Joint Stock Companies Governance Guide
United Arab Emirates
Code of good governance of listed companies
Code of good governance of listed companies
Spain
Codigo de Gobierno Societario (2019)
Codigo de Gobierno Societario (2019)
Argentina
Principles for Responsible Institutional Investors - Japan’s Stewardship Code
Principles for Responsible Institutional Investors - Japan’s Stewardship Code
Japan
Videos
The second episode of the ECGI Spotlight Series took place on 14 September 2020. The episode was introduced by the Editor of the ECGI Law Working Paper Series, Prof. Amir Licht and Mr. Tom Vos from the ECGI Spotlight Series team. Prof. Edward Rock (NYU Law) presented his paper "For Whom is the Corporation Managed in 2020?: The Debate over Corporate Purpose".
17 September 2020
The inaugural seminar in the ECGI Spotlight Series took place on 13 July 2020. Prof. Vyacheslav Fos (Boston College) presented his paper "Active Short Selling by Hedge Funds". It was discussed by Mr. Stephen Fraidin (Cadwalader, Wickersham & Taft LLP).
22 July 2020
SMEs, Families and Capital Markets Conference (Riga): Session 4...
15 July 2020
Speaker- Janis Berzins (BI Norwegian Business School) and Discussants- Benjamin Maury (Hanken School of Economics) and Dainis Vodolagins (Head of T
15 July 2020
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.
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Research Member
Professor
Peking University, School of Transnational Law
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Fellow, Research Member
Chris P. Dialynas Distinguished Service Professor Of Economics
The University of Chicago Booth School of Business
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Research Member
Gerry and Marilyn Cameron Professor of Finance
University of Oregon
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.
