The 7th Annual RCF-ECGI Corporate Finance and Governance Conference will be hosted by the Universidad CEU San Pablo, Madrid, Spain at the Real Centro Universitario Escorial-Maria Cristina UNESCO World Heritage Site, in partnership with European Corporate Governance Institute (ECGI), and sponsored by the British Academy of Management through the Corporate Governance Special Interest Group, the Institute for Humane Studies on Friday 9 - Sunday 11 October 2026.
There will be three simultaneous tracks across the three day event.
Meet the Editors Panel:
Small “fast-date” style editor tables where participants could approach editors informally.
Review of Corporate Finance Award Announcement:
The $1000 Award for the best paper published in the Review of Corporate Finance (RCF) (Volume 6 Issues 1-4, 2026) will be announced at the conference. Prior award winners for 2021-2025 are listed here.
Conference Awards:
There will be 2 best paper ($300 each) and 2 best discussant ($200 each) awards, consistent with the past RCF-ECGI Conferences. The awards are generously sponsored by the Centro de Economía Política y Regulación (Instituto CEU de Estudios de la Democracia), the Cátedra USPCEU–Mutua Madrileña and Cátedra CEU–MOEVE Digital.
World-Wide Airport Connections:
50 minute drive - Madrid–Barajas International Airport to Real Centro Universitario Escorial-Maria Cristina
Accommodation:
There is an option to stay at the conference location (limited availability) see here for booking information.
There are several alternative accommodation options available, please see here for details.
📆 Conference details:
Friday, 9 October - Sunday, 11 October 2026
📍 Conference Location:
Real Centro Universitario Escorial-Maria Cristina, Madrid, Spain
🎫 Conference Fees:
In-Person - €350 (includes conference dinner, lunches, and coffee breaks)
Online option - €50 (administrative and tech support)
Questions may be directed to:
Ruth Mateos de Cabo - matcab@ceu.es
Douglas Cumming - Douglas.Cumming@gmail.com
Ricardo Gimeno - ricardo.gimeno@bde.es
Sofia Johan - sjohan@fau.edu
Miryam Martínez - marmar@ceu.es
This conference is kindly sponsored by:
Centro de Economía Política y Regulación (Instituto CEU de Estudios de la Democracia)
Cátedra USPCEU–Mutua Madrileña
Cátedra CEU-MOEVE Digital
Review of Corporate Finance (RCF), Emerald Publishers
School of Business, Stevens Institute of Technology
British Academy of Management
Keynote Speakers
"Gender, Beliefs, and Discrimination"
Roberto Weber - UBS Foundation Professor of the Economics of Corporate Culture, Business Ethics and Social Responsibility, Department of Economics at the University of Zürich.
Roberto Weber is also the Director of the Zurich Graduate School of Economics. His research and teaching fall primarily within the areas of behavioral and experimental economics, moral decision making, and the study of organizations and institutions.
"Do Board Chairs Matter? Yes, But Not Always (and Not for the Reasons You Think)"
Marc Goergen - Professor of Finance at IE Business School,
ECGI Research member
Marc’s research interests lie at the intersection of corporate finance and corporate governance. He has published in journals such as Entrepreneurship Theory and Practice, the Harvard Business Review, the Journal of Business Ethics, the Journal of Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance. The second edition of his textbook on corporate governance was published in 2018.
Conference papers and presenters (in bold)
For a full list of speakers and timings, please see here
Board Independence, Ethical Reputation, and Workplace Safety
(Lixiong Guo, Zhiyan Wang)
Boards as Contracting Intermediaries: Evidence from Board-Interlocking Firms in the Credit Market
(Chang Suk Bae)
Interlocking Directorate, Firm Value, and Product Market Collusion
(Zihan Huang)
Do Index Funds Monitor? Revisited
(Todd A. Gormley, Hwanki Brian Kim)
A Patent of One's Own: The Real Effects of Pay Transparency Mandates on Women in Innovation
(Lucas Lee, Lu Tong, Fengzhi Zhu)
Noncompete Agreements and the Internal Allocation of Human Capital
(Wei Hou)
Filing While Female: What EEOC Filings Tell Us About Workplace Discrimination Severity
(Shiu-Yik Au, Spencer Barnes, Andréanne Tremblay-Simard)
To mandate or to recommend? The role of the institutional context in the effectiveness of board gender diversity regulations
(Irma Martínez García, Silvia Gómez Ansón, Wafa Khalif)
Predicting Merger Waves: A Machine-Learning Test of When Neoclassical and Behavioural Determinants Activate
(Wolfgang Bessler, Stine A. Boente, Wolfgang Drobetz)
The Vanishing Deal — How the Changing M&A Market Challenges What We Know About Acquisitions
(Jeffry Netter, Annette Poulsen, Miguel Puertas, Mike Stegemoller)
Does the Mandatory Bid Rule Ensure Equal Treatment of Shareholders in Acquisitions? Evidence from Deal Structures and Pricing
(Yong Kyu Gam, Woochan Kim, Yongjoon Lee)
Bound by the Community Norms: Local Social Capital as an Informal Constraint on Acquisitions
(Chang Suk Bae, DuckKi Cho, Goeun Choi, Lyungmae Choi)
The Scope of Shareholder Democracy
(Mike Burkart, Samuel Lee, Paul Voss)
Benefit from Shareholders: Evidence from Public Contracting
(Janet Yaru Yang, Wanli Zhao)
I Don't Recall: Information and the Governance Tradeoffs in Securities Lending
(George C. Nurisso)
Bridging Markets: Institutional Equity Investors' Dual Roles in Corporate Debt Financing
(Jing Gao)
The Dark Side of Interlocks: Bank Performance Before License Revocations at Connected Banks
(Marina Zavertiaeva, Kirpishchikov Dmitry, Ivanov Vladimir, Shenkman Evgenia)
Open Banking And SME's Access To Finance: The Role Of Information Sharing
(Huy Khoi Hoang, Thang Nguyen, Viet Le)
Competition and Carbon Emissions
(Vesa Pursiainen, Hanwen Sun, Yue Xiang)
Climate strikes and corporate emissions
(Caterina Santi, Wouter Torsin)
Public Scrutiny and Supply Chain Decarbonization
(Fangqi Guo, Kevin Keasey, Bin Xu)
Equity Prices the Opportunity, Debt Prices the Risk: Generative AI and Corporate Credit Spreads
(Priyank Gandhi, Juntai Lu, Jasper Pan, Alberto Plazzi, Jia Wei)
The Impact of Spoofing on Bitcoin Market Microstructure
(Kose John, Jingrui Li, Ruming Liu)
GenAI-Based Index of Financial Constraints Firm-Level AI Exposure
(Bektemir Ysmailov)
Reading between the Lines
(Thomas Zhang)
Venture Capital and the Decline of IPOs
(Jae Yung Kim)
When Founders' Values Shape Corporate Governance: An Axiological Perspective on Social Impact Venture Capital
(Peter Wirtz, Emmanuelle Dubocage)
Financial materiality of ESG for firm creditworthiness and the moderating role of critical mass of women on boards
(Sara de Masi, Agnieszka Słomka-Gołębiowska)
Intention Inference, Greenwashing, and Asset Prices
(Mahamadi Ouoba)
Financial statement benchmarkability and price discovery: Evidence from cross-firm stock return predictability
(Fan Feng, Zhe Li, Jiaxu Peng, Tingye Zhu)
The growth effects of opening a stock exchange
(Alexander W. Butler, James Weston, Anthony Zdrojewski)
Instant Liquidity, Latent Risk
(Lionel Melin, Florent Rouxelin)
Attention Allocation and Price Discovery
(Zhi Da, Hosein Maleki, Darius Palia, Cayman Seagraves)
Value Is in the Eye of the Beholder: Strategic Marking in Private Credit
(Sameh Marei)
Empowering Private Firms: Private Equity Buyouts and Trade Credit Provision
(Jiaman Xu, Seth Armitage, Yongda Liu)
The Evolution of Venture Capital Ecosystems in Africa: New Evidence from EFINDA
(Vincenzo Capizzi, Gianluca Gucciardi, Massimiliano Guerini)
What Drives the Greenium?
(Nam Hoai Nguyen)
Climate Information Shocks and Collateral Constraints
(Olakunle Olaboopo, Evans Boamah)
Preemptive Corporate Environmental Investment: Evidence from Toxic Releases
(Sangeun Ha)
Jurisdictional Complementarities in Multinational Enforcement
(Imtiaz Sifat)
How to Attract Women to the Top: Female Board Quotas and Leadership Roles
(María Gutiérrez Urtiaga, Maribel Sáez)
Home State CEOs and Financial Misconduct Litigation
(Aaron Brock, Yingmei Cheng)
Sentimental value
(Yuting Chen, George Constantinides, Maurizio Montone)
Disagreement and Asset Pricing: Evidence from Prediction Markets
(Simeng Li, Jiarui Wang)
The US Treasury's Biggest Short: Duration In The Shadows
(Ljubica Georgievska, Stefano Pegoraro, Anthony Saunders)
Passive Ownership and Market Selection: Evidence from U.S. Zombie Companies
(Gennaro Brosco)
Corporate control under common ownership
(Orestis Vravosinos)
Family firms: Succession around the world
(Florencio Lopez-de-Silanes, Jaouad Serghini)
Corporate DEI Rollbacks: Market Reactions, Determinants, and the Role of Political Polarization
(Zakaria Elmotassadeq, Haibo Jiang)
Artificial Intelligence and Workplace Misconduct
(Suleyman Faruk Gozen, Mehmet Furkan Karaca, Monika Tarsalewska)
Can a Shareholder Focus Create Value for All Stakeholders?
(John Ampong, Matthew Souther)
Technological Radicalness and Startup Success: The Role of Venture Capital
(Giang Duc Nguyen, My Nguyen, Edward Podolski, Ralf Zurbrugg)
The Attention Shakeout: Financial Analysts and the Concentration of Technology Narratives
(Chen-Ting Lien, Yujie Song)
Platform Skin in the Game: Financial Interest as a Signal in Equity Crowdfunding
(Burze Yaşar, Muhammad Zaheri)
How Does Relaxing Capital Constraints Affect Market Liquidity? Evidence from Flash Loans
(Simeng Li)
The Evolution of Tokenized Real-World Assets
(Khanh Quoc Nguyen, Tālis J. Putniņš)
Performative Disclosure in ICO Whitepapers: Speech Acts, Soft Signals, and Two-Stage Investor Responses
(Guillaume Andrieu, Mattia Fasano, Aurélie Sannajust, Annamaria Tuan)
ESG disclosure mandates and the cost of debt financing
(Quentin Moreau, Georgios Sermpinis, Serafeim Tsoukas)
Initial ESG Rating Coverage and Firm Value
(Xun Bian, Erik Devos, Zifeng Feng, Zongyuan Li)
Firm-Level AI Exposure
(Sakshi Basu, Chandra Thapa, Biwesh Neupane, Amlan Basu)
Universal Ownership: A Model for Systemic Risk Assessment
(Ellen Quigley, Chris Higson, Dirk Schoenmaker)
The Liberal Tilt of Financial Regulators
(Jason Chen, Joseph Kalmenovitz, Denis Sosyura)
Preempting Gas Bans: Policy Retrenchment and Credit Allocation
(Yuna Heo, Thomas Lambert, Francesco Mazzola)
Anticompetitive Corporate Governance
(Danielle Chaim)
Regulatory Complexity and Corporate Venture Capital
(Mathias Awuni, Stefano Bonini)
Political Capital on the Board: Gender, Connections, and Government Contract Allocation in Europe
(Ruth Mateos de Cabo, Ricardo Gimeno, Gabriela Contreras)
Metric Visibility and Uneven Social Performance: Evidence from Foreign Institutional Ownership
(Mehdi Lehlali)
Labor Shocks and Local Economies: The Cost of ICE Enforcement Actions
(C. Wei Li, Erik Lie, Tengjia Shu)
E vs. G: Environmental Policy and Earnings Management in China
(Darwin Choi, Feifei Lai)
Family Firms, Labor Market Regulation, and Financial Distress
(Simon Daniel Brinkmann, Marc Steffen Rapp)
Trading on Privacy? Insider Sales under China's Personal Information Protection Law
(Conggang Li, Wei Wang, Jingyu Zhang)
Not so close after all: Organizational distance and reporting opacity within business groups
(María Laura Arranz Aperte)
Mind the Gap: Individual and Country Drivers of the Gender Gap in Financial Literacy
(Nadia Álvarez García, Irma Martínez García, André Carrascal Incera)
Reshuffling of Human Capital in Financial Intermediation
(Young Soo Jang, Vrinda Mittal, Zirui Song)
Are Environmental, Social, and Governance practices key factors in boosting firms' sales? The relevance of the spillover and nonlinear effects
(Javier Perote, Jose David Vicente-Lorente, Jose Angel Zúñiga-Vicente)
Collateral Law and Enforcement Risk: Evidence from Native American Reservations
(Leo Leitzinger)
Voluntary climate commitments in banking: Investor responses and key drivers of entry and exit
(Işıl Sevilay Yılmaz, İlkay Şendeniz-Yüncü)
Restructuring outcomes under cross-security debt ownership
(Gosia Ryduchowska, Moqi Groen-Xu)
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