Skip to main content

My Publications

 Journals 

  • Chen, J., Leung. W.S., Song W. and M. Goergen (2019), ‘Research: When Women Are on Boards, Male CEOs Are Less Overconfident’, Harvard Business Review, Web Article, September 12, https://hbr.org/2019/09/research-when-women-are-on-boards-male-ceos-are-less-overconfident.  
  • Chahine, S., Saade, S. and M. Goergen (2019), ‘Foreign Business Activities, Foreignness of the VC Syndicate, and IPO Performance’, Entrepreneurship Theory and Practice 43, 947-973.
  • Chen, J., Leung. W.S., Song W. and M. Goergen (2019), ‘Why Female Board Representation Matters: The Role of Female Directors In Reducing Male CEO Overconfidence’, Journal of Empirical Finance 53, 70-90.
  • Goergen, M., Chahine, S., Brewster, C. and G. Wood (2019), ‘The Relationship between Public Listing, Context, Multi-nationality and Internal CSR’, Journal of Corporate Finance 57, 122-141.
  • Goergen, M. and L. Rondi (2019), ‘Grand Challenges and New Avenues for Corporate Governance Research: Introduction to the Special Issue’, Journal of Industrial and Business Economics 46 (2), 137-146.
  • Andres, C., Betzer, A. and M. Goergen (2019), ‘Dividend Policy, Corporate Control and Tax Clienteles. The Case of Germany’, Journal of Industrial and Business Economics 46 (2), 157-189.
  • Mira, S., Goergen, M. and N. O’Sullivan (2019), ‘The Market for Non-executives: Takeover Performance and the Subsequent Holding of Directorships’, British Journal of Management 30, 415-436.
  • Chen, J., Song W. and M. Goergen (2019), ‘Passing the Dividend Baton: The Impact of Dividend Policy on New CEOs’ Initial Compensation’, Journal of Corporate Finance 56, 458-481.
  • Chen, J., Goergen, M., Leung W.S. and W. Song (2019), ‘CEO and Director Compensation, CEO Turnover and Institutional Investors: Cronyism in the UK?’, Journal of Banking and Finance 103 (June), 18-35.
  • Goergen, M., Renneboog, L. and Y. Zhao (2019), ‘Insider Trading and Networked Directors’, Journal of Corporate Finance 56, 152-175.
  • Goergen, M. and I. Tonks (2019), ‘Introduction to Special Issue on Sustainable Corporate Governance’, British Journal of Management 30 (1), 3-9.
  • Merendino, A. and M. Goergen (2018), ‘How far that little candle throws his beams! An interview with Mats Isaksson’, Journal of Management Inquiry 27, 411-419.
  • Goergen, M., O’Sullivan, N., Wood G., and M. Baric (2018), ‘Sovereign Wealth Funds, Productivity and Employment: The Impact of Norwegian Government Pension Fund-Global Investments in the United Kingdom’, Human Resource Management Journal 28, 288-303.
  • Ansari, I.F., Goergen M. and S. Mira (2018), ‘How Reported Board Independence Overstates Actual Board Independence in Family Firms: A Methodological Concern’, Annals of Corporate Governance 3, 81-183.
  • Evanschitzky, H. and M. Goergen (2018), ‘Looking Forward, Looking Back: The British Journal of Management 2000-2015’, British Journal of Management 29, 3-9.
  • Betzer, A., Goergen, M. and I. van den Bongard (2017), ‘Index Membership vs. Loss of Voting Power: The Unification of Dual-Class Shares’, Journal of International Financial Markets, Institutions and Money 49, 140-153.
  • Chen, J., Leung, W.S. and M. Goergen (2017), ‘The Impact of Board Gender Composition on Dividend Payouts’, Journal of Corporate Finance 43, 86-105.
  • Abdallah, W. and M. Goergen (2016), ‘Evolution of Control of Cross-listed Companies’, European Journal of Finance 22 (15), 1507-1533.
  • Goergen, M., Limbach, P. and M. Scholz (2015), ‘Mind the Gap. The Age Difference between the CEO and the Chair’, Journal of Corporate Finance 35, 136-158.
  • Abdallah, W., Goergen, M. and N. O’Sullivan (2015), ‘Endogeneity: How Failure to Correct for It Can Cause Wrong Inferences and Some Remedies’, British Journal of Management 26 (4), 791-804.
  • Betzer, A., Doumet, M. and M. Goergen (2015), ‘Disentangling the Link Between Stock and Accounting Performance in Acquisitions’, European Journal of Finance 21, 755-771.
  • Brewster, C., Wood G. and M. Goergen (2015), ‘Institutions, Unionization and Voice: The Relative Impact of Context and Actors on Firm Level Practice’, Economic and Industrial Democracy 36, 195-214.
  • Ataullah, A., Goergen, M. and H. Le (2014), ‘Insider Trading and Financing Constraints’, Financial Review 49, 685-712.
  • Goergen, M. and L. Renneboog (2014), “Introduction to Special Issue on ‘Inside the Board Room’”, Journal of Corporate Finance 28, 1-5.
  • Ansari, I.F., Goergen, M. and S. Mira (2014), ‘The Determinants of the CEO Successor Choice in Family Firms’, Journal of Corporate Finance 28, 6-25.
  • Goergen, M., O’Sullivan, N. and G. Wood (2014), ‘The Employment Consequences of Private Equity Acquisitions: The Case of Institutional Buy-Outs’, European Economic Review 71, 67-79.
  • Chahine, S. and M. Goergen (2014), ‘Top Management Ties with Board Members: How They Affect Pay-Performance Sensitivity and IPO Performance’, Journal of Corporate Finance 27, 99-115.
  • Goergen, M., O’Sullivan, N. and G. Wood (2014), ‘The Consequences of Private Equity Acquisitions for Employees: New Evidence on the Impact on Wages, Employment and Productivity’, Human Resource Management Journal 24 (2), 145-158.
  • Goergen, M. (2013), ‘Corporate Stakeholders and Trust’, Spanish Review of Financial Economics 11 (2), 47-56.*
  • Goergen, M., Brewster, C. and G. Wood (2013), ‘The Effects of the National Setting on Employment Practice: The Case of Downsizing’, International Business Review 22 (6), 1051-1067.
  • Al-Hawamdeh, A., Chiu, I., Goergen, M., Mallin, C. and E. Mitleton-Kelly (2013), ‘The Interpretation of the Director's Duty under Section 172, Companies Act 2006: Insights from Complexity Theory’, Journal of Business Law 4, 417-433.
  • Goergen, M., Chahine, S., Brewster, C. and G. Wood (2013), ‘Trust, Owner Rights, Employees and Firm Performance’, Journal of Business Finance & Accounting 40 (5-6), 589-619.
  • Chahine, S. and M. Goergen (2013), ‘The Effects of Management-Board Ties on IPO Performance’, Journal of Corporate Finance 21 (June), 153-179.
  • Achleitner, A.-K., Betzer, A., Goergen, M. and B. Hinterramskogler (2013), ‘Private Equity Investors as a Corporate Governance Mechanism in Continental Europe’, European Financial Management, 19 (1), 72-107.
  • Goergen, M., Brewster, C., Wood, G. and A. Wilkinson (2012), ‘Varieties of Capitalism and Investments in Human Capital’, Industrial Relations – A Journal of Economy & Society 52 (S1), 501-527.
  • Mudambi, R, Mudambi, S., Khurshed, A. and M. Goergen (2012), ‘Multinationality and the Performance of IPOs’, Applied Financial Economics 22 (10), 763-776.
  • Chahine, S. and M. Goergen (2011), ‘On the Publicity of Two-Stage Spin-offs and Equity Carve-outs’, Financial Review 46 (4), 671-701.
  • Goergen, M. and L. Renneboog (2011), ‘Preface to the Special Conference Issue on Managerial Compensation’, Journal of Corporate Finance 17 (4), 1065-1067.
  • Goergen, M. and L. Renneboog (2011), ‘Managerial Compensation’, Journal of Corporate Finance 17 (4), 1068-1077.
  • Chahine, S. and M. Goergen (2011), ‘The Two Sides of CEO Option Grants at the IPO’, Journal of Corporate Finance 17 (4), 1116-1131.
  • Goergen, M., O’Sullivan, N. and G. Wood (2011), ‘Private Equity Takeovers and Employment in the UK: Some Empirical Evidence’, Corporate Governance: An International Review 19 (3), 259-275.
  • Chahine, S. and M. Goergen (2011), ‘VC Board Representation and Performance of US IPOs’, Journal of Business Finance & Accounting 38 (3&4), 413-445.
  • Goergen M, Mazouz, K. and S. Yin (2010), ‘Price and Volume Effects Associated with the Expiry of Lock-in Agreements – Evidence from the Hong Kong IPO Market’, Pacific-Basin Finance Journal 18 (5), 442-459.
  • Goergen, M., Brewster, C. and G. Wood (2009), ‘Corporate Governance Regimes and Employment Relations in Europe’, Relations Industrielles/ Industrial Relations 64 (4), 620-640.
  • Goergen, M., Khurshed, A and L. Renneboog (2009), ‘Why are the French So Different from the Germans? Underpricing of IPOs on the Euro New Markets’, International Review of Law and Economics, 29 (3), 260-271.
  • Goergen, M., Brewster, C. and G. Wood (2009), ‘Corporate Governance and Training’, Journal of Industrial Relations 51 (4), 459-487.
  • Bank, S., Cheffins, B. and M. Goergen (2009), ‘Dividends and Politics’, European Journal of Political Economy 25 (2), 208-224.
  • Andres, C, Betzer, A., Goergen, M., and L. Renneboog (2009), ‘Dividend Policy of German Firms: A Panel Data Analysis of Partial Adjustment Models’, Journal of Empirical Finance 16 (2), 175-187.
  • Goergen, M., Manjon, M. and L. Renneboog (2008), ‘Recent Developments in German Corporate Governance’, International Review of Law and Economics 28 (3), 175-193.
  • Goergen, M., Manjon, M. and L. Renneboog (2008), ‘Is the German System of Corporate Governance Converging Towards the Anglo-American Model?’, Journal of Management and Governance 12 (1), 37-71.
  • Goergen, M. and L. Renneboog (2008), ‘Contractual Corporate Governance’, Journal of Corporate Finance 14 (3), 166-182.
  • Abdallah, W. and M. Goergen (2008), ‘Does Corporate Control Determine the Cross-listing Location?’, Journal of Corporate Finance 14 (3), 183-199.
  • Goergen, M., Renneboog, L. and C. Zhang (2008), ‘Do UK Institutional Shareholders Monitor their Investee Firms?’, Journal of Corporate Law Studies 8 (1), 39-56.
  • Abdallah, W. and M. Goergen (2008), ‘The Impact of a Cross-listing on Dividend Policy’, International Journal of Corporate Governance 1 (1), 49-72.
  • Goergen, M. and L. Renneboog (2007), ‘Does Ownership Matter? A Study of German and UK IPOs’, Managerial Finance 33 (6), 368-387.
  • Goergen, M., Khurshed, A. and R. Mudambi (2007), ‘The Long-Run Performance of UK IPOs: Can It be Predicted?’, Managerial Finance 33 (6), 401-419.
  • Goergen, M. (2007), ‘What Do We Know about Different Systems of Corporate Governance?’, Journal of Corporate Law Studies 8 (1), 1-15.*
  • Fidrmuc, J., Goergen, M. and L. Renneboog (2006), ‘Insider Trading, News Releases and Ownership Concentration’, Journal of Finance 61 (6), 2931-2973. Reprinted in Paul U. Ali and Greg N. Gregoriou (eds.) (2009), Insider Trading: Regulation and Analysis, CRC Press/Chapman & Hall, chapter 17, 279-340.
  • Goergen, M., Khurshed, A. and R. Mudambi (2006), ‘The Strategy of Going Public: How Firms Choose Their Listing Contracts’, Journal of Business Finance & Accounting 33 (1&2), 306-328.
  • Goergen, M., Renneboog, L. and A. Khurshed (2006), ‘Explaining the Diversity in Shareholder Lockup Agreements’, Journal of Financial Intermediation 15 (2), 254-280.
  • Goergen, M., Martynova, M. and L. Renneboog (2005), ‘Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe’, Oxford Review of Economic Policy 21 (2), 243-268.
  • Goergen, M., Renneboog, L. and L. Correia da Silva (2005), ‘When Do German Firms Change their Dividends?’, Journal of Corporate Finance 11 (1&2), 375-399.
  • Goergen, M. and L. Renneboog (2004), ‘Shareholder Wealth Effects of European Domestic and Cross-border Takeover Bids’, European Financial Management 10 (1), 9-45.
  • Goergen, M., McCahery, J. and L. Renneboog (2003), ‘The Impact of Stock Exchange Regulation on Corporate Performance of the European New Markets’, Journal of Corporate Law Studies 3 (2), 379-399.
  • Goergen, M. and L. Renneboog (2003), ‘Why are the Levels of Control (So) Different in German and UK Companies? Evidence from Initial Public Offerings’, Journal of Law, Economics, and Organization 19 (1), 141-175. Reprinted in R. van Frederikslust, J. Ang and S. Sudarsanam (eds.) (2008), Corporate Governance and Corporate Finance: A European Perspective, Routledge, 191-220.
  • Goergen, M. and L. Renneboog (2001), ‘Corporate Investment, Asymmetric Information and Agency Costs in the UK’, Vierteljahreshefte zur Wirtschaftsforschung (Quarterly Journal of Economic Research) 70 (2), 248-260.
  • Espenlaub, S., Goergen, M. and A. Khurshed (2001), ‘IPO Lock-in Agreements in the UK’, Journal of Business Finance & Accounting 28 (9&10), 1235-1278.
  • Goergen, M. and L. Renneboog (2001), ‘Investment Policy, Internal Financing and Ownership Concentration’, Journal of Corporate Finance 7 (2), 257-284. Reprinted in R. Watson (ed.) (2005), Governance and Ownership, chapter 20, Edward Elgar.
  • Goergen, M. and L. Renneboog (2000), ‘Insider Control by Large Investor Groups and Managerial Disciplining in Listed Belgian Companies’, Managerial Finance 26 (10), 22-41.

 Books 

  • Goergen, M. (2018), Corporate Governance. A Global Perspective, Andover: Cengage Learning EMEA.
  • Goergen, M. (2012), International Corporate Governance, Harlow: Pearson Education Prentice Hall, 336 p.
  • Goergen, M., Mallin, C., Mitleton-Kelly, E., Al-Hawamdeh, A. and I. Chiu (2010), Corporate Governance and Complexity Theory, Cheltenham: Edward Elgar, 133+ix p.
  • Correia da Silva, L., Goergen, M. and L. Renneboog (2004), ‘Dividend Policy and Corporate Governance’, Oxford: Oxford University Press, 185+xiv p. Translated into Chinese: Gu Li Zheng Ce Yu Gong Si Zhi Li, Beijing: Peking University Press, 2006.
  • Goergen, M. (1998), ‘Corporate Governance and Financial Performance: A Study of German and UK Initial Public Offerings’, Cheltenham: Edward Elgar Publishing, 183+xii p.

 Book chapters 

  • Wood, G., O’Sullivan, N., Goergen, M. and M. Baric (2017), ‘The Norwegian Government Pension Fund Global and the Implications of its Activities for Stakeholders’, in D.J. Cumming,‎ G. Wood,‎ I. Filatotchev and‎ J. Reinecke (eds), The Oxford Handbook of Sovereign Wealth Funds, Oxford University Press, chapter 18, 459-473.
  • Goergen, M., Wood, G., Brewster, C. and M. Brookes (2014), ‘Corporate Governance Systems and Investments in Human Capital’, in G. Wood., C. Brewster and M. Brookes (eds), Human Resource Management and the Institutional Perspective, Routledge, chapter 6, 78-107.
  • Brewster, C., Goergen, M., and G. Wood (2014), ‘Ownership Rights and Employment Relations’, in A. Wilkinson, G. Wood and R. Deeg (eds), The Oxford Handbook of Employment Relations, Oxford University Press, chapter 8, 173-189.
  • Espenlaub, E., Goergen, M. and A. Khurshed (2013), ‘Do Directors Trade After IPO Lockup Expiry?’, in M. Levis and S. Vismara (eds), Handbook of Research on IPOs, Edgar Elgar, chapter 14.
  • Chahine, S. and M. Goergen (2012), ‘CEO Compensation and Stock Options in IPO Firms’, in R. Thomas and J. Hill (eds), Research Handbook on Executive Pay, Edgar Elgar, chapter 9.
  • Brewster, C., Goergen, M. and G. Wood (2011), ‘Corporate Governance Systems and Industrial Relations’ in A. Wilkinson and K. Townsend (eds), The Future of Employment Relations: New Paradigms, New Developments, Palgrave Macmillan, chapter 13, 238-252.
  • Brewster, C., Goergen, M. and G. Wood (2011), ‘Corporate Governance and Employment in Europe’ in C. Hahn and. S.-H. Lee (eds), Reforms for Korea’s Sustained Growth, Seoul: Korea Development Institute, chapter 11, 281-313.
  • Abdallah, W. and M. Goergen (2011), ‘Handling Large Datasets’ in C. Cassell and B. Lee (eds), Challenges and Controversies in Management Research, New York and Abingdon: Routledge, chapter 20, 335-349.
  • Andres, C., Betzer, A., Goergen, M. and D. Metzger (2010), ‘Corporate Governance Systems’ in H.K. Baker and R. Anderson (eds), Corporate Governance – A Synthesis of Theory, Research, and Practice, Companions to Finance Series, Kolb Series in Finance, New York: John Wiley, chapter 3, 37-56.
  • Brewster, C., Goergen, M. and G. Wood (2010), ‘Corporate Governance: Non-equity Stakeholders’ in H.K. Baker and R. Anderson (eds), Corporate Governance – A Synthesis of Theory, Research, and Practice, Companions to Finance Series, Kolb Series in Finance, New York: John Wiley, chapter 24, 469-495.
  • Goergen, M. and L. Renneboog (2010), ‘The Social Responsibility of Major Shareholders’ in G. Aras and D. Crowther (eds), The Gower Handbook of Corporate Governance and Social Responsibility, Gower, chapter 17, 287-305.
  • Andres, C., Betzer, A., Correia da Silva L. and M. Goergen (2009), ‘Trends in Dividends: Payer and Payouts’ in H.K. Baker (ed.), Dividends and Dividend Policy, Companions to Finance Series, Kolb Series in Finance, New York: John Wiley, chapter 3, 35-53.
  • Goergen, M. and L. Renneboog (2009), ‘Dividend Policy in a Global Perspective’ in H.K. Baker (ed.), Dividends and Dividend Policy, Companions to Finance Series, Kolb Series in Finance, Hoboken (NJ): John Wiley, chapter 27, 481-498.
  • Goergen, M. and J. Frecknall Hughes (2007), ‘Mix and Match Facilities and Loan Notes in Acquisitions’ in G. Gregoriou and L. Renneboog (eds.), International Mergers and Acquisitions Activity Since 1990: Quantitative Analysis and Recent Research, Elsevier, chapter 6, 135-165.
  • Angenendt, P.-P., Goergen, M. and L. Renneboog (2006), ‘Shareholder Lock-in Contract Expiries in IPOs Floated on the French Nouveau Marché’ in L. Renneboog (ed), Advances in Corporate Finance and Asset Pricing, Amsterdam: Elsevier, chapter 9, 237-275.
  • Goergen, M. and L. Renneboog (2006), ‘Corporate Governance and Shareholder Value’, in D. Lowe and R. Leiringer (eds), Commercial Management of Projects: Defining the Discipline, Blackwell Publishing, 100-131.
  • Goergen, M., Manjon, M. and L. Renneboog (2005), ‘Corporate Governance in Germany’, in K. Keasey, S. Thompson and M. Wright (eds), Corporate Governance: Accountability, Enterprise and International Comparisons, Chichester: John Wiley, 285-326. 
  • Espenlaub, S., Goergen, M. and A. Khurshed (2005), ‘Governance Implications of Locked-in Venture Capitalists and Founder Owners in Newly Floated UK Companies’, in I. Filatotchev and M. Wright (eds), The Life Cycle of Corporate Governance, Cheltenham: Edward Elgar, 99-122.
  • Goergen, M. and L. Renneboog (2005), ‘Insider Retention and Long-run Performance in German and UK IPOs’, in I. Filatotchev and M. Wright (eds), The Life Cycle of Corporate Governance, Cheltenham: Edward Elgar, 123-143.
  • Goergen, M., Khurshed, A., McCahery, J. and L. Renneboog (2003), ‘New Issues on the European New Markets: A Preliminary Study’, in J. McCahery and L. Renneboog (eds), Venture Capital Contracting and the Valuation of High Technology Firms, Oxford: Oxford University Press, 464-487.
  • Espenlaub, S, Goergen, M., Khurshed, A. and L. Renneboog (2003), ‘Lock-in Agreements in Venture Capital-Backed UK IPOs’, in J. McCahery and L. Renneboog (eds), Venture Capital Contracting and the Valuation of High Technology Firms, Oxford: Oxford University Press, 396-436.
  • Goergen, M. and L. Renneboog (2003), ‘Value Creation in Large European Mergers and Acquisitions’, in C. Cooper and A. Gregory (eds), Advances in Mergers and Acquisitions Vol. 2, JAI Series, Elsevier, 97-146.
  • Goergen, M. and L. Renneboog (2002), ‘Prediction of Control Concentration in German and UK Initial Public Offerings’, in J. McCahery, P. Moerland, T. Raaijmakers and L. Renneboog (eds), Corporate Governance Regimes - Convergence and Diversity, Oxford: Oxford University Press, 251-267.
  • Goergen, M. and L. Renneboog (2001), ‘United Kingdom’, in K. Gugler (ed), Corporate Governance and Economic Performance, Oxford: Oxford University Press, 184-200.
  • Goergen, M. and L. Renneboog (2001), ‘Belgium’, in K. Gugler (ed), Corporate Governance and Economic Performance, Oxford: Oxford University Press, 85-95.
  • Goergen, M. and L. Renneboog (2001), ‘Strong Managers and Passive Institutional Investors in the UK’, in M. Barca and M. Becht (eds), The Control of Corporate Europe, Oxford: Oxford University Press, 258-284.


Popular posts from this blog

Corporate Governance – Module Outline

This module is intended for advanced undergraduates in business and management, accounting, finance, or economics, and Master students. The module is delivered over a total of 24 hours of lectures with a flexible format including traditional lectures, class discussions of the end-of-chapter questions in Goergen (2018) and the multiple choice questions (see below).  AIMS OF THE MODULE This module aims to introduce you to recent developments in the theory and practice of corporate governance. The module adopts an international perspective by comparing the main corporate governance systems across the world.  LEARNING OUTCOMES OF THE MODULE On completion of the module you should be able to: Evaluate the current state of corporate governance in an international context; describe differences in corporate control and managerial power across the world; assess the potential conflicts of interests that may arise in various corporate governance environments; critically evaluate the effectivene…

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
Defining corporate governance and key theoretical modelsCorporate control across the worldControl versus ownership rightsPart II – Macro Corporate Governance
Taxonomies of corporate governance systemsCorporate governance, types of financial systems and economic growthCorporate governance regulation in an in…