Event Report: Global Shareholder Stewardship Conference

The Global Shareholder Stewardship Conference, which was held at King’s College London on 23-24 September 2019, examined 19 different national stewardship codes/principles as well as the amended EU Shareholder Rights Directive (SRD II), the EFAMA stewardship code and the ICGN Global Stewardship...
3 February 2020


Fri 19 June 2020

[Riga] One of the priorities mentioned in the Entrepreneurship 2020 Action Plan of the European Commission is “easing business transfers”, for example, through reducing cross-border inheritance tax obstacles, improving information and advice services, and other initiatives. Likewise, stock exchanges are attempting to ease obstacles for SMEs, that are predominantly family-owned, to raise capital through public markets. The conference will examine these tendencies. 

Featured papers

Deadlock on the Board

The board of directors is the highest decision-making authority in a corporation. But sometimes boards struggle to make decisions. In surveys, 67 percent of directors report the inability to decide about some issues in the boardroom. Moreover, 37 percent say they have encountered a boardroom...

Jason Donaldson
Nadya Malenko
Giorgia Piacentino
08 December 2019

How Much Should We Trust Empirical Estimates of State Corporate Law Effects?

A large empirical literature studies the effects of U.S. states’ corporate law statutes on corporate actions and performance at the firm level. Interest is in the laws for their own sake or as exogenous variation in determinants of firm behavior. For example, well over a hundred papers...

Holger Spamann
02 January 2020

The Global Sustainability Footprint of Sovereign Wealth Funds

Over the last 15 years and especially since the global financial crisis, investors around the world have been increasingly paying attention to the investment policies of sovereign wealth funds (SWFs). According to the SWF Institute, global assets under management by SWFs have exceeded $8...

Hao Liang
Luc Renneboog
20 January 2020

It's Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking

In our paper ‘It’s Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking,” we evaluate the extent to which a director’s corporate bankruptcy experience affects the policies their firms follow. We begin by identifying a set of directors that experience a corporate bankruptcy. We...

Todd Gormley
Radhakrishnan Gopalan
Ankit Kalda
20 January 2020

Working papers

The Future or Fancy? An Empirical Study of Public Benefit Corporations

The public benefit corporation (“PBC”) is one of the most hyped developments in corporate law, due to the PBC’s unique social purpose. Unlike the traditional corporation, directors of PBCs are required under their fiduciary duties to consider the...Read more

Michael B. Dorff
James Hicks
Steven Davidoff Solomon
25 February 2020

Institutional Investors’ Views and Preferences on Climate Risk Disclosure

We survey institutional investors on firms’ climate risk disclosures. Many investors believe climate risk reporting to be as important as traditional financial reporting and that it should be mandatory and more standardized. However, they also...Read more

Emirhan Ilhan
Philipp Krueger
Zacharias Sautner
Laura Starks
25 February 2020



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
Professor of Law and Director, Centre for Business Research
University of Cambridge
Real name: 
Fellow, Research Member
Professor of Finance
University of Oxford
Real name: 
Research Member
Peterjohn-Richards Professor of Finance
Fuqua School of Business

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.