14th Annual Drexel Corporate Governance Conference
- 15 - 16 April 2021
- •
- Online
Thursday, 15 April 2021 | 12:00 - 14:20 EDT (18:00 - 20:20 CEST)
Friday, 16 April 2021 | 12:00 - 14:00 EDT (18:00 - 20:00 CEST)
Organised by
Michelle Lowry (Drexel University and ECGI)
Supported by
ABOUT THIS EVENT
Since 2008, the Annual Corporate Governance Conference at Drexel University, hosted by the Gupta Governance Institute, has highlighted top academic research. The research is accepted for the conference when it is in its early stages and much of it is subsequently published in the most highly regarded research journals. Within a decade, the conference has had 84% of presented papers subsequently published (64% in top 3 journals) and it has become a key event of the finance research calendar.
The conference featured theoretical and empirical research related to corporate governance. It included but was not restricted to, topics such as Boards of Directors, compensation, shareholder activism, mergers, debt as a form of governance, ESG-related issues, political influences on governance, and more. The programme committee, which includes a number of ECGI Research Members, comprises: Renee Adams; Jeffrey Coles; Diane Del Guerico; David Denis; Diane Denis; Laura Field; Nick Gantchev; Todd Gormley; Tom Griffin; Jarrad Harford; Peter Iliev; Wei Jiang; Dalida Kadyrzanova; Jonathan Karpoff; Nadya Malenko; Kevin Murphy; Lalitha Naveen; Micah Officer; Gordon Phillips; Anil Shivdasani; Anh Tran; Michael S. Weisbach; Jared Wilson; Tracie Woidtke; Yuhai Xuan; Ke Yang; and David L. Yermack.
The conference was organised by Michelle Lowry, TD Bank Endowed Professor of Finance, Academic Director of the Gupta Governance Institute, Associate Editor of the Journal of Financial Economics, and ECGI Research Member. ECGI is honoured to be associated with this event in 2021.
Wharton Research Data Services generously provides sponsorship for the conference, including offering a $1,000 best paper prize which will be voted on during the conference.
Thursday April 15th, 2021 | 12:00 EDT (18:00 CET)
Welcome and Introductions
Speakers:
CEO Pet Projects
Authors: Paul Decaire and Denis Sosyura
Speakers
Discussants
Conference Documents
New Ideas Session
Outsourcing Mutual Fund Management and Voting Decisions
Speakers:
Outsourcing Mutual Fund Management and Voting Decisions
Authors: Simi Kedia (presenting author) and Xianjue Wang
Speakers
A Theory of Capital Structure with EPS-fixated Investors
Speakers:
A Theory of Capital Structure with EPS-fixated Investors
Authors: Itzhak Ben-David (presenting author), Stacey Jacobsen, Jack Liebersohn, and Tzachi Zach
Speakers
Break
CEO Activism and Firm Value
Authors: Anahit Mkrtchyan, Jason Sandvik, and Vivi Zhu
Speakers
Discussants
Conference Documents
Paper Conclusion (Optional Break-out Rooms with Authors)
Friday April 16th, 2021 | 12:00 EDT (18:00 CET)
Board Dynamics over the Startup Life Cycle
Authors: Michael Ewens and Nadya Malenko
Speakers
Discussants
Conference Documents
Break
Does Private Equity Ownership Make Firms Cleaner? The Role of Environmental Liability Risks
Speakers:
Discussant:
Does Private Equity Ownership Make Firms Cleaner? The Role of Environmental Liability Risks
Authors: Aymeric Bellon
Speakers
Discussants
Conference Documents
Closing Remarks and Announcement of Best Paper and Best Discussant
Speakers:
Closing Remarks and Announcement of Best Paper and Best Discussant
Paper presentations will be for 20 minutes, followed by a 15-minute discussion and then audience Q&A
Speakers
Paper Conclusion (Optional Break-out Rooms with Authors)
Speakers
Presentations
Welcome and Introductions
Welcome and Introductions
Speakers
CEO Pet Projects
CEO Pet Projects
Authors: Paul Decaire and Denis Sosyura
Speakers
Discussants
Conference Documents
Outsourcing Mutual Fund Management and Voting Decisions
Outsourcing Mutual Fund Management and Voting Decisions
Authors: Simi Kedia (presenting author) and Xianjue Wang
Speakers
A Theory of Capital Structure with EPS-fixated Investors
A Theory of Capital Structure with EPS-fixated Investors
Authors: Itzhak Ben-David (presenting author), Stacey Jacobsen, Jack Liebersohn, and Tzachi Zach
Speakers
CEO Activism and Firm Value
CEO Activism and Firm Value
Authors: Anahit Mkrtchyan, Jason Sandvik, and Vivi Zhu
Speakers
Discussants
Conference Documents
Board Dynamics over the Startup Life Cycle
Board Dynamics over the Startup Life Cycle
Authors: Michael Ewens and Nadya Malenko
Speakers
Discussants
Conference Documents
Does Private Equity Ownership Make Firms Cleaner? The Role of Environmental Liability Risks
Does Private Equity Ownership Make Firms Cleaner? The Role of Environmental Liability Risks
Authors: Aymeric Bellon
Speakers
Discussants
Conference Documents
Closing Remarks and Announcement of Best Paper and Best Discussant
Closing Remarks and Announcement of Best Paper and Best Discussant
Paper presentations will be for 20 minutes, followed by a 15-minute discussion and then audience Q&A