Corporations, and other forms of business associations, have been the subject of intense study including their history, governance, and obligations to stakeholders and the public at large...
The Technology, Governance and Regulation Conference in Jerusalem is hosted by the Jerusalem School of Business Administration at the Hebrew University...
The 2019 ECGI Annual Members' Meeting will take place at IESE Business School, Barcelona on 24 October 2019.
This Conference will offer a context to reflect upon and better understand how the different nature of shareholders have an impact on the way companies are governed and managed...
Practice Group: Corporate & Commercial law
Areas of practice: General corporate law, mergers and acquisitions.
Practice overview:
For at least a century, the publicly traded firm has dominated America’s corporate economy. Might this era be coming to an end? There has been much speculation along these lines. For instance, in late 2018 distinguished corporate law academic Frank Partnoy hailed in the Atlantic (...
The 2008 financial crisis set off a major debate about the role of accounting for financial stability. Politicians, policymakers and commentators were quick to point to fair-value or mark-to-market accounting (FVA) – the practice to recognizing assets at market prices – as a culprit. The claim...
What is the (opportunity) cost of private benefits of control? In our study “Private Benefits and Corporate Investment and Financing Decisions: The Case of Corporate Philanthropy” we measure private benefit of control using the dollar cost of corporate giving. We show that (i) the consumption of...
One of the fundamental issues in modern corporate finance is the problem of separation of firm ownership from control. The gap between management and shareholders is potentially wide and the danger is great for agency problems to divert a widely-held firm's resources from their efficient use. If...
In this essay, I discuss the rise and fall of regulatory competition in corporate insolvency law in the European Union. The rise is closely associated with the European Insolvency Regulation (EIR, 2002), and it is well-documented. The UK has...Read more
This article analyzes the impact of technology, in particular distributed ledgers/blockchains, smart contracts, Big Data analytics and AI/machine learning (collectively referred to as “Corporate Technologies”, or “CorpTech”) on the future of...Read more
Regulatory arbitrage refers to structuring activity to take advantage of gaps or differences in regulations or laws. Examples include Facebook modifying its terms and conditions to reduce the exposure of its user data to strict European privacy...Read more
We developed a model under which the allocation of control rights between shareholders and managers (“governance structure”) is irrelevant to firm value. In our model, governance structures affect managers’ incentive to invest, as strong...Read more
At a time when dual class share structures have come under regular attack by investors, the concept of loyalty shares, popularised in France and...Read more
ECGI is launching an independent engagement and collaboration platform open to all those with an interest in corporate governance. This replaces...Read more
ECGI is delighted to announce the appointment of 17 new Research Members to add to its distinguished ranks. The new Research Members, who are...Read more
On 11 February 2019 the European Corporate Governance Institute (ECGI) teamed up with the International Corporate Governance Network (ICGN) to...Read more
Watch the welcome video for the 2018 Global Corporate Governance Colloquium at Harvard Law School.
Panel discussion on "CSR and Impact Investing: Framing the Questions" at GCGC 2018 in Harvard.
