[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.
[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
This academic conference will focus on the theme of Executive Compensation and Sustainability. Attendance is by invitation only.
Francis Hounnongandji CFA, CFE is
Engineer (Agronomist, Economist)
The received wisdom is that stronger relationships reinforce over time and lead to better deals. Examining investor relationships in the venture capital (VC) industry we challenge this received wisdom by identifying circumstances where relationships weaken over time, and can even lead to lower...
What are the implications of artificial intelligence (AI) for corporate law? In a recent essay, we consider the trajectory of AI’s evolution, analyze the effects of its application on business practice, and investigate the impact of these developments for corporate law. Overall, we claim that...
Market discipline is viewed by policymakers as essential to achieve a more environmentally and socially sustainable economy. Investors have ethical and social standards and may be willing to vote with their wallets and spurn firms that fall short of their expectations on ethical norms and...
Auditors play a major role in corporate governance and capital markets by creating trust on public investors and reducing the risk of financial misconduct by corporate insiders. In order to achieve these functions, however, auditors should have the adequate knowledge and expertise, and they...
In the wake of the 2008 Global Financial Crisis, the UK created the first stewardship code which was designed to transform its rationally passive institutional investors into actively engaged shareholders. In the UK corporate governance context,...Read more
Since the UK adopted the world’s first stewardship code in 2010, stewardship codes have proliferated across Asia. Given the UK Code’s prominence, it is tempting to assume that every other stewardship code preforms the same function as the UK Code...Read more
By the end of the twentieth century, the then-dominant literature on “law and finance” assumed that concentrated ownership was a product of deficient legal systems that did not sufficiently protect outside investors. At the same time,...Read more
We examine whether reducing frictions in the labor market affects the performance of private and public firms. Using the staggered adoption of state-level Paid Family Leave acts, we provide causal evidence on the value created by relieving...Read more
This article is the first in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the second in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the third in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the fourth in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...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.
