International Corporate Governance

International Corporate Governance – Translations

The highly acclaimed textbook International Corporate Governance has now been published in a Chinese translation by China Machine Press and a Greek translation by Diplographia. The Chinese version is available from Amazon China. The Greek version includes a comprehensive 65-page introduction on the Greek corporate governance system by Dr. Panagiotis Staikouras, Assistant Professor, University of Piraeus.

The original English version was published by Pearson Education and is available in print as well as via Kindle and Vitalsource.

Endorsements on the back cover:

'An excellent textbook which truly stands out. It is better than any book on corporate governance that I have seen', Luc Renneboog, Tilburg University

'Marc Goergen's book on corporate governance is by far the best textbook that has been published on the topic. He has done a wonderful job of covering the topics from a global perspective and I strongly recommend it to all scholars and students with an interest in corporate governance', Franklin Allen, Wharton School, University of Pennsylvania

'An excellent and very comprehensive book. It should become a standard reference on corporate governance', Colin Mayer, Saïd Business School, University of Oxford

Reviews:

James McRitchie's review of the book is available here.

N.B. The English version of this book now exists in an updated, 2018 version, published by Cengage under the title of "Corporate Governance. A Global Perspective".

Comments

DMGT Plc - Not your typical UK Plc

I haven't posted any of these corporate governance case studies for a while. As the updated version of my corporate governance textbook is about to be published on 11 March 2018, I thought it was a good time to investigate the corporate governance of another interesting company. The company I have chosen is the Daily Mail and General Trust Plc ( DMGT Plc ), a UK company. This is a media company which owns a.o. the tabloid The Daily Mail and the free newspaper Metro . It also has a holding in Euromoney Institutional Plc and Zoopla . An example of a Daily Mail front page An example of a Metro front page I chose DMGT Plc as it is not your run-of-the-mill UK stock-market listed Plc. The typical example of a UK exchange-listed corporation would be a Plc with dispersed ownership and weak control (see Section 3.3 of my textbook International Corporate Governance or its updated version Corporate Governance. A Global Perspective )....

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 .

How CEO Politics Shape Dividend Payouts

A CEO’s political beliefs can significantly influence corporate decisions, dividend policies, and workforce management. The personal political beliefs of CEOs can significantly influence corporate decisions, including dividend policies and workforce management. Research indicates that conservative CEOs, who are generally more risk-averse and prudent, tend to favor stable dividend payouts. In contrast, liberal CEOs, who are more open to change and innovation, may prefer to reinvest earnings into the company rather than distribute them as dividends. Please see my latest article for IE Insights for further details.

PROF. MARC GOERGEN ON CORPORATE GOVERNANCE

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