CCGR is an integrated part of The Corporate Governance Program at BI, which was initiated in 1998. Several projects under this program are sponsored by the
Research Council of Norway for the period 2003-2005.
The Corporate Governance Program has generated a series of projects which mostly deal with listed Norwegian companies over the past fifteen years. Here are some examples:
• The value creating board
What is a good board composition in terms of the board’s size, the directors’ information network, independence, age and gender diversity, employee representation, and director equity ownership?
• Corporate governance and economic performance
How do corporate governance mechanisms (such as ownership structure, board composition, and dividend payout) interact, and do they matter for the firm’s success?
• Patient ownership
Does ownership duration matter for the firm’s performance? Are long-term owners a good thing or a bad thing?
• The cost and benefit of concentrated ownership
Large owners have strong incentives and sufficient power to monitor the management team, which is beneficial. The cost is that most of their wealth is put into one single firm. This project estimates this cost of holding an undiversified portfolio.
• Corporate governance and real investment decisions
Why do well-governed firms perform better than others? This projects adresses this question by studying how the quality of the corporate governance system relates to the quality of the firm’s real investment decisions.
