1093640


Course
Corporate Governance

Faculty
Professor Steen Thomsen, Center for Corporate Governance (main teacher) - ST
Professor Niels Westergaard-Nielsen (CBS) - NWN
Professor Morten Bennedsen, (University of Copenhagen) - MB
Professor Martin Conyon (Bentley College) - MC
Associate professor Thomas Poulsen (CBS) - TP
Post Doc, Mehmet Caglar Kaya (CBS) - MCK
Professor Trond Randoy (Agder University) - TR

Course Coordinator
Steen Thomsen

Prerequisites

Students are expected to have a master’s level understanding of economics, finance and statistics. Familiarity with the topic of corporate governance (i.e. a master’s level textbook) is encouraged but not a requirement.

Students are expected to attend the whole course and must submit a short written paper at the end of the course in which they explain how they could incorporate corporate governance theories and research methods in their research. They are also expected to present their work and an influential paper in their field and to participate in the discussion of selected articles.


Aim
The goal is to enable students to contribute to current corporate research which plays an important role in business and management studies, accounting, finance and law.

Course content
The course will give an overview of current corporate governance theories, research methods and empirical findings focusing on ownership structure and corporate boards. It will help students formulate relevant research questions and give feedback on project proposals as well as work in progress.

Teaching style

Lectures, student presentations, classroom discussion.

The course will focus on discussion of seminal papers in corporate governance. Each participant (instructors and students) is expected to submit and present a seminal paper, which is important for their research, as well as a sample of their own work (work in progress or a proposal) to be discussed with the other participants.


Lecture plan
Time Topic Teacher
1 Day
Morning
session
10-12

Brief student introductions. Introduction to corporate governance research. Key concepts and theories. Current policy and business discussions.

ST
Afternoon session
13-15

Student presentations and feedback.

ST & MCK
Afternoon session
15-17

Student presentations and feedback.

ST & MCK

2 Day

Morning
session
10-12

Empirical Research Methods in Corporate Governance. Data sources. Qualitative and Quantitative methods. Causality.

ST & NWN
Afternoon session
13-15

Student presentations and feedback.

ST & MCK
Afternoon session
15-17

Quantitative Research Methods in Corporate Governance (Zoom lecture).

MC

3 Day

Morning
session
10-12

Ownership as corporate governance. Ownership identities.

ST
Afternoon session
13-15

Review of family business research.

MB

Afternoon session
15-17

Student presentations and feedback.

ST & MB

4 Day

Morning
session
10-12

Review of family business research.

ST & NWN
Afternoon session
13-15

Board research.

ST & TR
Afternoon session
15-17

Student presentations and feedback.

ST & MCK

5 Day

Morning
session
10-12

International Corporate Governance.

ST & TR
Afternoon
session
13-15

Student presentations and feedback.

ST, MCK & TR
Afternoon
session
15-17

Closing Discussion: The research frontier in corporate governance.

ST, MCK & TR

Learning objectives
  • General understanding of corporate governance, corporate governance theories, research methods and basic research findings.

  • Familiarity with standard research designs in corporate governance and their respective strengths and weaknesses.

  • Ability to apply these insights in independent research practice.

Exam

Other

Start date
09/08/2021

End date
13/08/2021

Level
PhD

ECTS
5

Language
English

Course Literature
Literature: Steen Thomsen and Martin Conyon. Corporate Governance and Board Decisions. DJØF Publishing and Now Publishers 2019.


Adams, R. B., Hermalin, B. E., & Weisbach, M. S. (2010). The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey. Journal of Economic Literature, 48(1), 58–107. https://doi.org/10.1257/jel.48.1.58

Aguilera, R. V., Marano, V., & Haxhi, I. (2019). International corporate governance: A review and opportunities for future research. Journal of International Business Studies, 50(4), 457–498. https://doi.org/10.1057/s41267-019-00232-w

Belloc, F. (2012). Corporate Governance and Innovation: A Survey. Journal of Economic Surveys, 26(5), 835–864. https://doi.org/10.1111/j.1467-6419.2011.00681.

Claessens, S., & Fan, J. P. H. (2002). Corporate Governance in Asia: A Survey. International Review of Finance, 3(2), 71. https://doi.org/10.1111/1468-2443.00034

Claessens, S., & Yurtoglu, B. B. (2013). Corporate governance in emerging markets: A survey. Emerging Markets Review, 15, 1–33. https://doi.org/10.1016/j.ememar.2012.03.002

Cuomo, F., Mallin, C., & Zattoni, A. (2016). Corporate Governance Codes: A Review and Research Agenda. Corporate Governance: An International Review, 24(3), 222–241. https://doi.org/10.1111/corg.12148

Denes, M. R., Karpoff, J. M., & McWilliams, V. B. (2017). Thirty years of shareholder activism: A survey of empirical research. Journal of Corporate Finance, 44, 405–424. https://doi.org/10.1016/j.jcorpfin.2016.03.005

Denis, D. K., & McConnell, J. J. (2003). International Corporate Governance. Journal of Financial & Quantitative Analysis, 38(1), 1–36. https://doi.org/10.2307/4126762

Filatotchev, I., Jackson, G., & Nakajima, C. (2013). Corporate governance and national institutions: A review and emerging research agenda. Asia Pacific Journal of Management, 30(4), 965–986. https://doi.org/10.1007/s10490-012-9293-9

Garel, A. (2017). When Ownership Structure Matters: A Review of the Effects of Investor Horizon on Corporate Policies. Journal of Economic Surveys, 31(4), 1062–1094. https://doi.org/10.1111/joes.12180

Haan, J., & Vlahu, R. (2016). Corporate Governance of Banks: A Survey. Journal of Economic Surveys, 30(2), 228–277. https://doi.org/10.1111/joes.12101

Kolev, K. D., Wangrow, D. B., Barker, V. L., & Schepker, D. J. (2019). Board Committees in Corporate Governance: A Cross‐Disciplinary Review and Agenda for the Future. Journal of Management Studies (John Wiley & Sons, Inc.), 56(6), 1138–1193. https://doi.org/10.1111/joms.12444

Kovermann, J., & Velte, P. (2019). The impact of corporate governance on corporate tax avoidance—A literature review. Journal of International Accounting, Auditing & Taxation, 36, N.PAG. https://doi.org/10.1016/j.intaccaudtax.2019.100270

Love, I. (2011). Corporate Governance and Performance around the World: What We Know and What We Don’t. World Bank Research Observer, 26(1), 42–70. https://doi.org/10.1093/wbro/lkp030

Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. Journal of Finance (Wiley-Blackwell), 52(2), 737–783. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x

SALTAJI, I. M. F. (2018). Corporate Governance: A General Review. Internal Auditing & Risk Management, 13(Supp1), 56–63. Retrieved from http://esc-web.lib.cbs.dk/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=133178421&login.asp&site=ehost-live&scope=site

Tingle, B. C. (2017). What Do We Really Know about Corporate Governance? A Review of the Empirical Research since 2000. Canadian Business Law Journal, 59(3), 292–331. Retrieved from http://esc-web.lib.cbs.dk/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=125793225&login.asp&site=ehost-live&scope=site

Vatiero, M. (2017). On the (Political) Origin of “Corporate Governance” Species. Journal of Economic Surveys, 31(2), 393–409. https://doi.org/10.1111/joes.12147

Young, M. N., Peng, M. W., Ahlstrom, D., Bruton, G. D., & Jiang, Y. (2008). Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective. Journal of Management Studies (Wiley-Blackwell), 45(1), 196–220. https://doi.org/10.1111/j.1467-6486.2007.00752.x

Yoshikawa, T., & Rasheed, A. A. (2009). Convergence of Corporate Governance: Critical Review and Future Directions. Corporate Governance: An International Review, 17(3), 388–404. https://doi.org/10.1111/j.1467-8683.2009.00745.x

 


Fee
DKK 6.500,- (Does not include meals or reading materials)

Minimum number of participants
10

Maximum number of participants
25

Location
Copenhagen Business School
Solbjerg Plads

Contact information
The PhD Support 
Nina Iversen
Tel.: +45 38 15 24 75
E-mail: ni.research@cbs.dk

Registration deadline
27/06/2021

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