Skip to main content

Corporate Governance. A Global Perspective.

The second edition of my highly acclaimed textbook "International Corporate Governance" was published by Cengage in spring  2018. The new edition follows the style and approach of the first edition, but its title will change to "Corporate Governance. A Global Perspective". The book can be ordered from Blackwells.

A new chapter on boards of directors has been added to the book. There has been extensive updating of the material throughout the book, reflecting advances in research on and practice in corporate governance (full details can be found here). The table of contents (subject to change) of version two is as follows:

Part I – Introduction to Corporate Governance
  1. Defining corporate governance and key theoretical models
  2. Corporate control across the world
  3. Control versus ownership rights
Part II – Macro Corporate Governance
  1. Taxonomies of corporate governance systems
  2. Corporate governance, types of financial systems and economic growth
  3. Corporate governance regulation in an international context
Part III – Improving Corporate Governance
  1. Boards of directors
  2. Incentivising managers and the disciplining of badly performing managers
  3. Corporate governance in emerging markets
  4. Contractual corporate governance
  5. Corporate governance in initial public offerings
  6. Behavioural biases and corporate governance
Part IV – Corporate Governance and Stakeholders
  1. Corporate social responsibility and socially responsible investment
  2. Debtholders
  3. Employee rights and voice across corporate governance systems
  4. The role of gatekeepers in corporate governance
Part V – Conclusions
  1. Learning from diversity and future challenges for corporate governance
Glossary
Index

Comments

Popular posts from this blog

CEO Political Ideology and Payout Policy

Ever wondered how a CEO's political ideology influences their company's payout policy? In my latest study with Ali Bayat, we find that conservative CEOs are not only more likely to pay dividends, but they also pay higher dividends and often combine them with share repurchases. Interestingly, these payouts are typically funded by drawing on cash reserves and cutting back on capital and R&D spending. Our full study will be published soon in the Journal of Banking and Finance. You can read it here . A podcast summarising the study is available from here .

Insider Trading in Connected Firms during Trading Bans

My latest study with Luc Renneboog and Yang Zhao looks at insider trades by directors who sit on multiple boards. When these directors face a trading ban in one of their firms due to an impending earnings announcement, we find they often trade in one of their other firms, using their private information, and they make a profit by doing so. These trades aren't illegal, but are they ethical? You can hear more about our findings in this podcast . An executive summary is available from the Harvard Law School Forum on Corporate Governance . The study itself can be downloaded from the website of the European Corporate Governance Institute (ECGI) .

The Ties that Bind or Those That Tear Us Apart? Co-CEO Constellations and ESG Performance in Family Firms

Many firms listed on the Milan Stock Exchange are family firms. A significant number of them have more than one CEO. But how do these co-CEO structures impact ESG performance? In our latest study, my co-authors Yuliya Ponomareva , Francesco Paolone , and Domenico R. Cambrea and I find that co-CEO structures generally reduce ESG performance due to family-induced cognitive diversity. However, when one of the co-CEOs also chairs the board, this negative effect is mitigated and can even turn positive. Our research is now published online in the Journal of Business Ethics and is available free of charge from here . Here is the link to a brief podcast summarising the study.