Short-termism

Working Paper

13 April 2021

The EU Sustainable Governance Consultation and the Missing Link to Soft Law

In this paper, we investigate whether reform of EU company law is needed to make corporate governance more sustainable through an analysis of some of the key questions found in the European Commission’s questionnaire in its public...

Guido Ferrarini | Michele Siri | Shanshan Zhu
01 May 2013

The Present and Future of Corporate Governance: Re-Examining the Role of the Board of Directors and Investor Relations in Listed Companies

In this paper, we first shed light on the factors that underlie the differences between the ?shareholder wealth maximization? and the ?long-term commitment? models of corporate governance. By introducing a third type of governance...

Joseph McCahery | Erik Vermeulen | Masato Hisatake
17 November 2020

The European Commission's Sustainable Corporate Governance Report: A Critique

In July 2020, the European Commission published the “Study on directors’ duties and sustainable corporate governance” by EY. The Report purports to find evidence of debilitating short-termism in EU corporate governance and...

Mark Roe | Holger Spamann | Jesse Fried | Charles Wang

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