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Corporate Governance and Performance: causation?
Background
Every two years, the Yale School of Management's Millstein Center and Oxford's Said Business School held a research conference to address leading topics in global corporate governance. From 2010, the event expanded to include the European Corporate Governance Institute.
YEO 2010 focused on perhaps the most elusive issue in the field: whether or to what extent corporate governance may be identified as having a causal relationship with corporate performance. The organisers invited some of the world's top scholars along with rising academic stars to tackle this research challenge.
The event was open to academics and practitioners by invitation. The dinner in particular was structured as an opportunity to mix private sector leaders with academics.
The organisers administered the conference through a joint oversight committee of the three institutions. A separate Scientific Committee selected papers and discussants. Operational responsibilities for YEO 2010 were split. Yale's Millstein Center was responsible for all on-site administration and logistics. The ECGI was responsible for online facilities including online registration.
Scientific Committee
John Armour, University of Oxford, Faculty of Law
Stijn Claessens, Bank for International Settlements
Martijn Cremers, University of Notre Dame
Julian Franks, London Business School
An academic conference in the Yale ECGI Oxford (YEO) series organised by the Millstein Center for Corporate Governance and Performance, the European Corporate Governance Institute and the Said Business School, University of Oxford held at the Yale School of Management. Attendance was by invitation only.
Programme
Bus Shuttles from the Courtyard New Haven at Yale to Yale School of Management, 55 Hillhouse Avenue
Breakfast
Opening Remarks
Speaker(s)
Session 1: Law, Growth, and Governance: A Cross-Country Simultaneous Equations, Instrumental Variables Approach - Session Chair: Colin Mayer
Speaker(s)
Discussant
Session 2: The Credit Crisis Around the Globe: Why did some banks perform better? - Session Chair: Colin Mayer
Speaker(s)
Discussant
Coffee Break
Session 3: Accounting Transparency, Tax Pressure and Access to Finance - Session Chair: Roberta Romano
Speaker(s)
Discussant
Session 4: Safer Ratios, Riskier Portfolios: Banks' Response to Government Aid - Session Chair: Roberta Romano
Speaker(s)
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Discussant
Lunch
Session 5: Unfulfilled Expectations? The Returns to International Hedge Fund Activism - Session Chair: Stijn Claessens
Speaker(s)
Discussant
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Session 6: Corporate Governance in the 2007-2008 Financial Crisis – Evidence for Financial Institutions Worldwide - Session Chair: Stijn Claessens
Speaker(s)
Discussant
Coffee Break
Session 7: Reputation Penalties for Poor Monitoring of Executive Pay: Evidence from Option Backdating - Session Chair: John Armour
Speaker(s)
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Discussant
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Session 8: Thirty Years of Shareholder Rights and Firm Valuation - Session Chair: John Armour
Speaker(s)
Discussant
Bus Shuttle to Courtyard New Haven at Yale, 30 Whalley Avenue, New Haven
Bus Shuttles from Courtyard New Haven at Yale to the New Haven Museum, Whitney Avenue
Cocktails and Dinner at the New Haven Museum
Speaker(s)
Bus Shuttles from the New Haven Museum to the Courtyard New Haven at Yale, 30 Whalley Avenue
Bus Shuttles from the Courtyard New Haven at Yale to Yale School of Management, 55 Hillhouse Avenue
Breakfast
Session 9: Firms’ Environmental, Social and Governance (ESG) Choices, Performance and Managerial Motivation - Session Chair: Marco Becht
Speaker(s)
Discussant
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Session 10: Golden Parachutes and the Wealth of Shareholders - Session Chair: Marco Becht
Speaker(s)
Discussant
Coffee Break
Session 11: US knows Us in the UK: On Director Networks and CEO Compensation - Session Chair: Andrew Metrick
Speaker(s)
Discussant
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