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Centre for Corporate Governance Research

15th Workshop on Corporate Governance and Investment

Friday October 3 and Saturday October 4, 2014.

Friday to Saturday
03-04
October
  • Starts:08:00, 3 October 2014
  • Ends:14:00, 4 October 2014
  • Location:BI Norwegian Business School - campus Oslo, Auditorium A2-080

15th Workshop on Corporate Governance and Investment:
Call for Papers

Approximately 12 papers will be selected for presentation from all the submissions received. Each paper will be assigned a discussant, and there will be ample time for questions and comments from the audience. No parallel sessions.

Submission and selection

Papers in all areas of corporate governance are welcome. The selection of papers will be made in two separate steps. Extended paper abstracts (up to 250 words) must be submitted by June 20, 2014. The Program Committee will make a first selection of papers based on these abstracts. We will notify the authors by July 10, 2014 whether they have passed this first hurdle.

Successful authors from the first round will need to submit a full version of their paper by August 20, 2014. The authors of the accepted papers will be notified by September 1, 2014. Authors of accepted papers are expected to act as discussants.

Please submit via email to cg2014@bi.no, stating "Submission for 15th Workshop on Corporate Governance and Investment" in the subject line of your email. There is no submission fee.

Programme

  • Time
  • Title
  • Informal get-together

    Nydalen Bryggeri og Spiseri (Nydalsveien 30a)

  • Registration and Coffee

  • Introduction

  • Session I

    Chair: Øyvind Bøhren (BI)


    Alex Edmans (LBS); Luis Goncalves-Pinto (National University of Singapore); Yanbo Wang (INSEAD); Moqi Xu (LSE)
    Strategic News Releases in Equity Vesting Months
    Discussant: Oyvind Norli (BI)

     

    Seyed Hossein Khatami (Manchester Business School); Maria-Teresa Marchica (Manchester Business School); Roberto Mura (Manchester Business School)
    Rating Friends: The Effect of Personal Connections on Credit Ratings
    Discussant: Daniel Metzger (SSE)

  • Fruit

  • Session II

    Chair: Dennis Mueller (University of Vienna)

     

    Marco Becht (ULB); Andrea Polo (Universitat Pompeu Fabra); Stefano Rossi (Purdue University)
    Does Mandatory Shareholder Voting Prevent Bad Acquisitions?
    Discussant: Karin S. Thorburn (Norwegian School of Economics)

     

    Juan-Pedro Gómez (IE); Maxim Mironov (IE)
    Income Diversion, Corporate Governance and Firm Value
    Discussant: Danielle Zhang (BI)

  • Lunch

  • Session III

    Chair: Janis Berzins (BI)

     

    Johann Reindl (BI); Alexander Schandlbauer (University of Southern Denmark)
    Do Bond Covenants Prevent Asset Substitution? Using a Novel Structural
    Estimation Approach
    Discussant: Moqi Xu (LSE)

     

    Espen Eckbo (Dartmouth); Knut Nygaard (Oslo University College); Karin S.
    Thorburn (Norwegian School of Economics)
    Did Norway's Board Gender Quota Reduce Firm Value?
    Discussant: Marc Goergen (Cardiff University)

  • Coffee

  • Session IV

    Chair: Øyvind Norli (BI)

     

    Sjoerd van Bekkum (Erasmus University); Danielle Zhang (BI)
    All The Rage: Are Mandatory Ownership Requirements Mandatory?
    Discussant: Marco Becht (ULB)

     

    Iram Ansari (Cardiff University); Marc Goergen (Cardiff University); Svetlana Mira
    (Cardiff University)
    Market Reaction to the Appointment of Nonfamily CEOs in Family Firms
    Discussant: Hamid Boustanifar (BI)

  • Dinner

    at Holmenkollen Park Hotel

  • Coffee

  • Session V

    Chair: Mark Goergen (Cardiff University)

     

    Yoram Barzel (University of Washington); Michel Habib (University of Zurich)
    Multifaceted Transactions, Asymmetric Payoffs, Incentives, and Organizational
    Form
    Discussant: Bogdan Stacescu (BI)

     

    Miguel García-Cestona (Universitat Autonoma de Barcelona); Marti Sagarra
    (Universitat Autonoma de Barcelona)
    Good and Bad Banks? Governance, Chairmen's Human Capital and Performance
    Discussant: Janis Berzins (BI)

  • Fruit

  • Session VI

    Chair: Bogdan Stacescu (BI)

     

    Laurent Bach (SSE); Daniel Metzger (SSE)
    Why Do Shareholder Votes Matter?
    Discussant: Juan-Pedro Gomez (IE)

     

    Fabio Braggion (Tilburg University); Mintra Dwarkasing (Tilburg University);
    Steven Ongena (University of Zurich)
    Household Inequality, Corporate Capital Structure and Entrepreneurial Dynamism
    Discussant: Johann Reindl (BI)

  • Lunch

Accommodation

The Hotel
The Radisson Blu Hotel in Nydalen is 50 meters from Nydalen subway station, which is 15 minutes from downtown.

The hotel is 100 meters from Nydalen Bryggeri og Spiseri, where we will meet on the evening of October 2. Finally, the hotel is 100 meters from the Norwegian Business School (BI), where the 15WCGI will be held.

Reservations
Please reserve by phone +(47) 23 26 33 22, using reservation code 801851.

Payment
Price per night (including breakfast) is NOK 1395.

The 15WCG will pay the presenters for up two nights at the Radisson Blu. The organizers will send the names of the presenters to the hotel one week before the workshop starts.

Organization

There will be an informal get-together during the evening of October 2. The conference dinner will be held on October 3. The organizers will cover the cost of up to two nights of local hotel accommodation for the presenters. The presenters will have to cover their own travelling costs. Participation at the workshop for non-presenters is free, but places will be limited.

Organizing committee

  • Janis Berzins
  • Øyvind Bøhren (chair)
  • Øyvind Norli
  • Bogdan Stacescu
  • Danielle Zhang

History of the Workshop

Professor Dennis Mueller at the University of Vienna organized the first Workshop on Corporate Governance and Investment fifteen years ago. The Workshop has subsequently met in Belgium, Denmark (three times), England, (twice), Germany (twice), Spain (twice), Sweden (twice), United Arab Emirates, and Wales.

          Past workshops 

  1. 14th workshop at American University of Sharjah School of Business Administration           
  2. 13th workshop at Cardiff Business School
  3. 12th workshop at HHL - Leipzig Graduate School of Management
  4. 11th workshop at Universitat Autònoma de Barcelona
  5. 10th workshop at Copenhagen Business School

Papers

Authors

Affiliation 

Paper title

Files

Alex Edmans; Luis Goncalves‐Pinto; Yanbo Wang; Moqi Xu

LSE

Strategic News Releases in Equity Vesting Months (.pdf)

Yoram Barzel; Josef Falkinger; Michel Habib

Zurich

Multifaceted Transactions, Asymmetric Payoffs, Incentives, and Organizational Form (.pdf)

Johann Reindl; Alexander Schandlbauer

Vienna

Do Bond Covenants Prevent Asset Substitution? Using a Novel Structural Estimation Approach (.pdf) 

Juan‐Pedro Gómez and Maxim Mironov

IE Madrid

Income Diversion, Corporate Governance and Firm Value (.pdf)

Marco Becht; Andrea Polo; Stefano Rossi

ULB

Does Mandatory Shareholder Voting Prevent Bad Acquisitions?

Iram Ansari; Marc Goergen; Svetlana Mira

Cardiff

Market Reaction to the Appointment of Nonfamily CEOs in Family Firms (.pdf)

Seyed Hossein Khatami; Maria‐Teresa Marchica; Roberto Mura

Manchester

Rating Friends: The Effect of Personal Connections on Credit Ratings (.pdf)

Sjoerd Van Bekkum; Dan Zhang

Erasmus

All The Rage: Are Mandatory Ownership Requirements Mandatory? (.pdf)

Miguel García‐Cestona; Marti Sagarra

UAB

Good and Bad Banks? Governance, Chairmen's Human Capital and Performance (.pdf) 

Fabio Braggion; Mintra Dwarkasing; Steven Ongena

Tilburg

Household Inequality, Corporate Capital Structure and Entrepreneurial Dynamism (.pdf)

B. Espen Eckbo; Knut Nygaard; Karin S. Thorburn

Dartmouth

Did Norway's Board Gender Quota Reduce Firm Value? (.pdf)

Laurent Bach; Daniel Metzger

Stockholm

Why Do Shareholder Votes Matter? (.pdf)

N/A