The Economics of Firm Culture (24 October, Barcelona)

The Economics of Firm Culture (24 October, Barcelona)

July 07 2019

*** Click here for programme brochure (public) ***

The ECGI Annual Lecture on 24 October 2019, will be hosted by IESE Business School, Barcelona Campus. The event will take place in the Auditorium of the South Campus and is open to the public (registration is required). It will include the following presentations:

‘The Economics of Firm Culture’

Prof. Paola Sapienza, Kellogg School of Management and ECGI

Followed by a discussion with Beatrice Engström-Bondy, Investor AB

‘Investor Ideology’ 

*Winner of the Best Paper in the 2018 Finance Series*

Prof. Enrichetta Ravina (Kellogg School of Management)


‘Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy’ 

*Winner of the Best Paper in the 2018 Law Series*

Prof. Lucian Bebchuk (Harvard Law School)

Prof. Scott Hirst (Boston University, School of Law)


Click here to register



About this event

Why should firms care about corporate culture? Can they simply rely on corporate governance and incentives to ensure that management and employees maximize the objective of the company? When is culture a better way to shape behavior? When are incentives more effective?

In this lecture, Professor Sapienza will provide a unifying framework to understand the role corporate culture plays in shaping behavior within firms. The lecture will also review the empirical evidence on corporate culture and direction for future work.

The Economics of Firm Culture


The event will take place at IESE Business School | Barcelona on 24 October

Click here to view the full programme

Click here to register

The 2019 ECGI Annual Lecture will be delivered by Professor Paola Sapienza, Donald C. Clark/HSBC Chair in Consumer Finance Professor at the Kellogg School of Management. Prof. Sapienza is an ECGI Research Member and a Trustee of the European Corporate Governance Research Foundation (ECGRF). She also serves as a faculty research fellow in the National Bureau of Economic Research's program on corporate finance and political economy.

Prof. Sapienza's areas of expertise include banking and financial institutions, behavioral economics, behavioral finance, corporate finance, emerging markets and regulation of financial markets, private equity and venture capital.

She has been featured in the Thompson Reuter's list of most influential scientific minds in 2014, 2015, and 2016. 

Click here to read full her biography.

This year, the ECGI Annual Members' Meeting will precede the 2019 IESE - ECGI Conference which will take place on 25-26 October, which is already fully subscribed (a waitlist now applies).

Open to the public (24 October):

ECGI Annual Lecture

Panel Discussion

Prize Sessions

ECGI Members only:

ECGI General Assembly Meeting (24 October)

Members Dinner (24 October) - fully subscribed

IESE - ECGI Conference (25-26 October) - waitlist only

To become an ECGI member visit:

By Invitation Only:

Guest Lunch


Limited spaces are available for this event. To register, please visit:


24 October
Click here to register for the 2019 ECGI Annual Members' Meeting hosted by IESE.

View Programme
Visit Event Page