Videos

    Videos

    Videos from ECGI events enable the ideas and debates that emerge in live situations to be shared with a wider audience for consideration. This helps to identify areas for further research, foster debate and educate people on corporate governance issues. As with all ECGI material, these videos are published in the interest of providing a public service.

    This paper analyzes agency con icts between U.S. public pension funds and other shareholders. It studies the landmark decision by the U.S. Supreme Court on Citizens United v. FEC, which opens new doors for political activism by business.

    10 December 2017

    We analyze dynamic trading by an activist investor who can expend costly e↵ort to a↵ect firm value. We obtain the equilibrium in closed form for a general activism technology, including both binary and continuous outcomes.

    10 December 2017

    Two models of the corporation dominate legal discourse. The first is the management-power model, which is premised on vesting corporate insiders -- officers and directors -- with primary decision-making power.

    10 December 2017