Research

Current research at the Centre is underway in the following areas:

• The sources of investor confidence: law versus trust
    - Ownership and control in capital marke
    - Corporate governance and cross-border transactions
  
  
• Family controlled firms
    - Pyramidal ownership and control transfers in family 
    - Evolution of family capitalism
  
  
• Corporate governance, managerial compensation and agency problems
    - Corporate governance of Defined Benefit Pension Plans 
    - Managerial share ownership and performance, a new perspective 
    - Ownership and performance in the mutual funds industry
  
  
• Determinants of board effectiveness
    - Shareholder activism 
    - Board turnover
  
  
• Information management and board effectiveness
  
  
• Corporate Social Responsibility

Insider Trading in Credit Derivatives (December 2005 version)
Acharya V. & Johnson T.

Why Managers Fail To Do The Right Thing: An Empirical Study Of Unethical & Illegal Conduct (download PDF 280KB)
Smith N C; Simpson S S; Huang C-Y
Centre for Marketing 06 - 201

The Origins of the German Corporation - Finance, Ownership and Control
Franks, Julian R., Mayer, Colin and Wagner, Hannes F.
ECGI - Finance Working Paper No. 110/2005 Available at SSRN
August 30, 2005

CEO Compensation, Change and Corporate Strategy (download 252KB)
Dow J; Raposo C
IFA 441
2005

Shareholder Protection, Stock Market Development and Politics (download PDF 308KB)
Volpin, Paolo; Pagano, Marco
IFA 440
2005

The Corporate Governance of Defined Benefit Pension Plans: Evidence from the United Kingdom (download PDF 220KB)
Volpin, P. F., Cocco, J. F.
IFA 435
2005

Ownership: Evolution and Regulation (download PDF 2MB)
Franks J; Mayer C; Rossi S
IFA 401
2004

Spending Less Time with the Family: The Decline of Family Ownership in the UK
Franks, Julian R., Mayer, Colin and Rossi, Stefano
ECGI - Finance Working Paper No. 35/2004.
January 2004

Corporate governance, incentives, and industry consolidations (download PDF 220KB)
Servaes H; Brown K; Dittmar A
IFA 382
2003

Who Disciplines Management in Poorly Performing Companies?
Franks, Julian R., Mayer, Colin and Renneboog, Luc D.R.
CEPR Discussion Paper No. 2949.
September 2001

Putting Integrity into Finance Theory and Practice: A Positive Approach (PDF of Keynote slides given at a presentation at London Business School, January 19th 2006)
Jensen, Michael C.,
Harvard NOM Working Paper No. 06-06