Events

Fri 07 June 2019 > Sat 08 June 2019

The fifth annual GCGC conference will take place at the House of Finance, Goethe University Frankfurt on 7 - 8 June 2019. The deadline for submissions is 14 September 2018. Attendance is by invitation only.

Mon 10 June 2019

The Roundtable will focus on the reasons and implications of fewer companies going public. The steep decline in initial public offerings in the U.S. has raised concerns about reduced opportunities for general public to save for the future.

Featured papers

Do Managers Successfully Shop for Compliant Auditors? Evidence from Accounting Estimates

Financial reports are important tools used by investors to evaluate company performance and future prospects. Auditors safeguard the integrity of the financial reports by providing reasonable assurance that financial statements are fairly presented in accordance with GAAP. In the U.S....

Author:
Mark DeFond
Jieying Zhang
Yuping Zhao
09 January 2019
M&A

What Goes Wrong in M&As? On the Long-Run Success Factors in M&As

Mergers and acquisitions (M&As) are among the most important events in a company’s lifecycle and have a significant impact on the firm’s operations and activities. Despite the vast amounts of money and resources spent on takeovers and the hundreds of academic studies investigating firm...

Author:
Luc Renneboog
Cara Vansteenkiste
14 January 2019

Cross-Border Venture Capital Investments: What Is the Role of Public Policy?

Cross-border venture capital investments play an important role in the scaling up of high-growth companies. However, when these companies obtain foreign funding, typically from US investors, there is a concern that they transfer the majority of economic activity to the investor country. On the...

Author:
Wendy A. Bradley
Gilles Duruflé
Thomas Hellmann
Karen E. Wilson
28 January 2019

Why Do Auditors Fail? What Might Work? What Won't?

Accounting scandals have sprung up everywhere over the last two years: the U.S., Europe, South Africa -- and, most of all, the U.K. The political reaction has also been the most intense in the U.K., where two governmental reports were released at the end of 2018. The first by Sir John Kingman...

Author:
John Coffee
04 February 2019

Working papers

Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests

This paper studies mutual fund voting in proxy contests using a comprehensive sample of voting records over the period 2008 - 2015, taking into account selective targeting by activists. We find that firm, fund, and event characteristics generate...Read more

Alon Brav
Wei Jiang
James Pinnington
13 March 2019

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Arthur F. Burns Professor of Free and Competitive Enterprise
Columbia Business School
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Professor of Financial Regulation
University of Oxford
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Professor of Finance
University of Oxford

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