Event Report: Ownership with Diverse Shareholders

ECGI and IESE Business School Center for Corporate Governance organised a conference on "Corporate Governance And Ownership With Diverse Shareholders", which took place in Barcelona on 25-26 October 2019. The conference consisted of eight sessions which allowed for rich discussions on the...
23 January 2020


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

Equity Issuance Methods and Dilution

A major friction in capital markets are information asymmetries, which can lead to mispricing of shares. Such mispricing is of particular concern for shareholders and investors at the time when new shares are issued. On the one hand, shareholders fear that their holdings get diluted due to...

Mike Burkart
Hongda Zhong
19 November 2019

Growing Up Under Mao and Deng: On the Ideological Determinants of Corporate Policies

Throughout history, economic activities have been fundamentally shaped by ideology. Scholars usually consider ideology as a set of ethical ideas, principles, or doctrines of a social movement, institution, or class that concerns a specific form of government (e.g., democracy or autocracy) and...

Hao Liang
Rong Wang
Haikun Zhu
30 November 2019

Diversity of Shareholder Stewardship in Asia: Faux Convergence

In 2010, when the United Kingdom enacted the world’s first stewardship code (UK Code), the impetus behind it was clear. Institutional investors had come to hold a substantial majority of the shares in UK listed companies. However, most institutional investors lacked the incentive to use their...

Gen Goto
Alan Koh
Dan Puchniak
12 December 2019

Singapore’s Puzzling Embrace of Shareholder Stewardship: A Successful Secret

The UK’s adoption of a stewardship code sparked a global shareholder stewardship movement. Singapore, as a corporate governance leader in Asia, naturally followed suit by introducing its stewardship code (Singapore Code) in 2016 through an entity named ‘Stewardship Asia’. Based on a superficial...

Dan Puchniak
Samantha Tang
12 December 2019

Working papers



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). 

13 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: 
Research Member
A.N. Mosich Chair of Accounting, Associate Dean of Faculty
University of Southern California
Real name: 
Research Member
Assistant Professor
IESE Business School
Real name: 
Research Member, Board Member
Perry Golkin Professor of Law, Co-Director, Institute for Law and Economics
University of Pennsylvania Law School
Real name: 
Research Member
Martin G. McGuinn Chair in Business Law
Villanova University Charles Widger School of Law

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.