ECGI Working Papers

After careful consideration, ECGI has decided to discontinue its presence on X. We will continue to engage with our community, share updates and foster discussions through our website and LinkedIn. 👉 ecgi.global 👉 linkedin.com/company/europe…

📗Private Equity Sponsors, Law Firm Relationship, and Loan Contracts in Leveraged Buyouts:mailchi.mp/ecgi/1013 👥Ruiyuan (Ryan) Chen, @WestVirginiaU; @douglasjcumming, @FloridaAtlantic & @unibirmingham; Binru Zha, @BangorUni & Yijia (Eddie) Zhao, @UMassBoston #ecgiwp @SSRN

📗Private Equity Sponsors, Law Firm Relationship, and Loan Contracts in Leveraged Buyouts:mailchi.mp/ecgi/1013 👥Ruiyuan (Ryan) Chen, @WestVirginiaU; @douglasjcumming, @FloridaAtlantic & @unibirmingham; Binru Zha, @BangorUni & Yijia (Eddie) Zhao, @UMassBoston #ecgiwp @SSRN

📗Payment Network Governance: mailchi.mp/ecgi/801 👥@DanAwrey (@Cornell and @ecgiorg), @Maceyjoshua (@UChicago) and Jeffery Y. Zhang (@UMich) #ecgiwp @SSRN #FintechInnovation #PaymentSystems #FinancialInclusion

📗The Abolition of Independent Directors in Indonesia: Rationally Autochthonous or Foolishly Idiosyncratic? mailchi.mp/ecgi/802 👥Royhan Akbar (@UGMYogyakarta), @nielmangunsong (@univ_indonesia) and @DPuchniak (@SGsmu and @ecgiorg) #ecgiwp @SSRN #CorpGov #IndonesianLaw

📗Placeholder CEOs: mailchi.mp/ecgi/1012 👥Mario Daniele Amore (@UniBocconi, @cepr_org, @ICGS_Governance) Morten Bennedsen, (@INSEAD, @koebenhavns_uni), Vikas Mehrotra (@UAlberta), Jungwook Shim (@UnivKansai) and Yupana Wiwattanakantang (@NUSingapore) #ecgiwp @SSRN #CorpGov

📗(Ir)responsible Takeovers: mailchi.mp/ecgi/1011 👥Doron Levit (@UW, @cepr_org and @ecgiorg) and Philip Bond (@UW) #ecgiwp @SSRN #ResponsibleCapitalism #CorpGov #SustainableFinance

📗Green Gatekeepers: mailchi.mp/ecgi/800 👥@lucaenriques (@UniofOxford, @EBI_EU and @ecgiorg), Alessandro Romano (@Unibocconi) and @AndrewTuch1 (@WUSTL and @ecgiorg) #ecgiwp @SSRN #ResponsibleCapitalism #SustainableFinance #GreenCertification

📗 Hidden Fallacies in the Agency Theory of the Corporation: mailchi.mp/ecgi/799 👥 Jennifer G. Hill (@MonashUni and @ecgiorg) #ecgiwp @SSRN #CorpGov #CorporateTheory #AgencyTheory

📗Shareholder Rights and the Bargaining Structure in Control Transactions: mailchi.mp/ecgi/798 👥@ryan_bubb (@nyuniversity and @ecgiorg), Emiliano Catan (@nyuniversity) and @holgerspamann (@Harvard and @ecgiorg) #ecgiwp @SSRN #CorpGov #ShareholderRights

📗 Musk’s $56 billion: Pay, Incentives, or Rewards?: mailchi.mp/ecgi/1010 👥 Jeffrey L. Coles (@UUtah), Naveen Daniel (@DrexelUniv) and Lalitha Naveen (@TempleUniv and @ecgiorg) #ecgiwp @SSRN #ExecutiveCompensation #CorpGov

📗 An examination of legal risk when the Corporate Secretary is the Chief Legal Officer: mailchi.mp/ecgi/1009 👥 Jagadison K. Aier (@GeorgeMasonU), Justin Hopkins (@UVA) and Syrena Shirley (@Columbia) #ecgiwp @SSRN #CorpGov #LegalRisk #BoardLeadership

📗Risk, the Limits of Financial Risk Management, and Corporate Resilience: mailchi.mp/ecgi/1008 👥René M. Stulz (@OhioState, @ABFERorg, @nberpubs, @Wharton Financial Institutions Center and @ecgiorg) #ecgiwp @SSRN #RiskManagement #CorporateResilience #FinancialResearch

📗 Sustainability Skills Disclosure For Boards: An Essential Prerequisite For Assessing Sustainability Competence: mailchi.mp/ecgi/796 👥 Gül Demirtaş, Christian Strenger (@FrankfurtSchool) and @TobiasTroeger (@goetheuni & @SAFE_Frankfurt) #ecgiwp @SSRN #ResponsibleCapitalism

📗Are Women More Exposed to Firm Shocks?: mailchi.mp/ecgi/1007 👥Ramin P. Baghai (@handels_sse, @cepr_org and ECGI), Rui Silva (@NovaSBE and @cepr_org) and Margarida Soares (@NovaSBE) #ecgiwp @SSRN #GenderGap #WageInequality #LaborEconomics

📗The Proxy Advice Industry and Common Owners’ Coordination: mailchi.mp/ecgi/1006 👥@toveforsbacka (@NHHnor) #ecgiwp @SSRN #CorpGov #InstitutionalInvestors #Antitrust

📗 Related Party Transactions: mailchi.mp/ecgi/797 👥@lucaenriques (@UniOfOxford, @EBI_EU and @ecgiorg) #ecgiwp @SSRN #CorpGov #LegalAnalysis #ShareholderRights

📗Termination Risk and Sustainability: mailchi.mp/ecgi/1005 👥@Prof_RobEngle (@nyuuniversity) #ecgiwp @SSRN #ResponsibleCapitalism #Sustainability

📗Do Bad Targets Become Worse Targets? Evidence from Sequential Transfers of Control Blocks: mailchi.mp/ecgi/1004 👥Woojin Kim, @SeoulNatlUni and @ecgiorg #ecgiwp @SSRN #CorpGov #FinancialDistress #MergersAndAcquisitions

📗Success, Law and ESG: mailchi.mp/ecgi/795 👥Colin Mayer, @UniofOxford and @ecgiorg #ecgiwp @SSRN #responsiblecapitalism #ESG