Research Handbook on Comparative Corporate Governance: Introduction
This chapter introduces the Research Handbook on Comparative Corporate Governance and surveys several of the central themes addressed in the book....
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Internal Investigations, Whistleblowing and External Monitoring: Comparative Experiences, Economic Insights, Findings from Corporate Practice
Internal investigations, whistleblowing and external monitoring, are three information and enforcement channels and part of the corporate...
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As California goes, so goes the nation? Board gender quotas and shareholders’ distaste of government interventions
In 2018, California became the first U.S. state to introduce a mandatory board gender quota for all firms headquartered in the state. Even though the...
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The Changing Landscape of Corporate Governance Disclosure: Impact on Shareholder Voting
While mutual funds are required to vote on directors in every portfolio firm every year, many funds satisfy this requirement by following the...
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The German Law of and Experience with the Supervisory Board
Together with a number of other countries including China Germany has a two-tier board system, i.e. its stock corporation law provides for the division...
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Board Structure and Monitoring: New Evidence from CEO Turnovers
We use the 2003 NYSE and NASDAQ listing rules concerning board and committee independence as a quasi-natural experiment to examine the causal relations...
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Why Do Boards Exist? Governance Design in the Absence of Corporate Law
We study when firms choose to install boards and their roles in a historical setting where neither boards nor their duties are mandated by law. Boards arise in firms...
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Corporate Governance Indices and Construct Validity
We conduct an exploratory analysis of how researchers can address the issue of ?construct validity?, which poses a major challenge to all studies of the...
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Did Corporate Governance 'Fail' During the 2008 Stock Market Meltdown? The Case of the S&P 500
In 2008, share prices on U.S. stock markets fell further than they had during any one year since the 1930s. Does this mean corporate governance...
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Directors: Older and Wiser, or Too Old to Govern?
An unintended consequence of recent governance reforms in the U.S. is firms’ greater reliance on older director candidates, resulting in noticeable...
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The Advisory and Monitoring Roles of the Board - Evidence From Disruptive Events
We study the contribution of directors to firm resilience by assessing the relative importance of their advisory and monitoring roles at times of...
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The Rise of Bankruptcy Directors
In this Article, we use hand-collected data to shed light on a troubling development in bankruptcy practice. We show that distressed companies,...
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