Evolution of Ownership and Control Around the World: The Changing Face of Capitalism
This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from the beginning of
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IMD - Research Fellow opportunity
About IMD
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The Privatization of Bankruptcy: Evidence from Financial Distress in the Shipping Industry
We study the resolution of financial distress in shipping, where the ex-territorial nature of assets has distanced the industry from on-s
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Financial Conglomerate Affiliated Hedge Funds: Risk Taking Behavior and Liquidity Provision
A new wave of financial regulation following the global financial crisis aims to curtail proprietary trading by systemically important fi
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Call For Papers: GCGC 2018
Global Corporate Governance Colloqium
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Global Corporate Governance Colloquium (GCGC) Meets in Tokyo
INTERNATIONAL ACADEMICS FROM TOP UNIVERSITIES MEET IN TOKYO TO DEBATE CORPORATE GOVERNANCE RESEARCH
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Governance and Stakeholders
Economic models routinely assume firms maximize shareholder value; but common law legal systems only require that officers and directors
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Can Strong Corporate Governance Selectively Mitigate the Negative Influence of 'Special Interest' Shareholder Activists? Evidence from the Labor Market for Directors
Proxy reforms shifting more power to shareholders can mitigate managerial agency problems but also empowers “special interest” activists.
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Shareholder Engagement on Environmental, Social, and Governance Performance
We study investor activism promoting environmental, social and governance (ESG) improvements by means of a proprietary dataset covering 6
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EU Company Law Harmonization Between Convergence and Varieties of Capitalism
This working paper sketches the history of EU Company Law from its beginnings in the 1960s until the present today.
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The New Bond Workouts
Bond workouts are a famously dysfunctional method of debt restructuring, ridden with opportunistic and coercive behavior by bondholders a
