The past two decades have witnessed dramatic changes to the boards of directors of U.S. public corporations. Several recent governance reforms (...Read more
Many policy-makers appear to subscribe to the view that granting shareholders more rights is better. The recently revised EU Shareholder Rights...Read more
What is the (opportunity) cost of private benefits of control? In our study “Private Benefits and Corporate Investment and Financing Decisions:...Read more
Manager-shareholder agency conflicts of interest manifest themselves in several forms. They include manager shirking and the consumption of...Read more
We study the impact of corporate governance on foreign exchange risk management by using a large-scale natural experiment, the adoption of the...Read more
The relationship between dividends and taxes continues to be an open empirical question. While some researchers find that taxes have a first-order...Read more
Policymakers and investors around the world have been increasingly emphasizing the importance of effective corporate governance systems. Corporate...Read more
One of the fundamental issues in modern corporate finance is the problem of separation of firm ownership from control. The gap between management...Read more
Zacharias Sautner (Frankfurt School of Finance & Management) who spoke at the "New Research on Executive Compensation and on Sustainability" conference that took place on the 16-17/12/19 at Bar-Ilan University. The full paper and slides from this presentation can be downloaded here: https://ecgi.global/content/new-research-executive-compensation-and-sust...
Prof. Marco Becht (Solvay Brussels School for Economics and Management, Université libre de Bruxelles) discussing Prof. John Coffee's paper on "Activist Directors and Agency Costs: What happens When an Activist Director Goes on the Board?" at the "Corporate Governance And Ownership With Diverse Shareholders" conference at IESE Business School, Barcelona. The full paper and slides from the presentation and discussion can be downloaded here: https://ecgi.global/content/corporate-governance-and-ownership-diverse-s...
Prof. Colin Mayer (Said Business School, University of Oxford) presents his paper on "Evolution of ownership: Its impact on corporate governance" at the "Corporate Governance And Ownership With Diverse Shareholders" conference at IESE Business School, Barcelona. Discussion of the paper is then presented by Prof. Charlotte Ostergaard (BI Norwegian Business School). The full paper and slides from this presentation can be downloaded here: ecgi.global/content/corporate-governance-and-ownership-diverse-shareholders#!event-programme