Grand challenges and new avenues for corporate governance research
Tóm tắt
Papers in this special issue focus on the challenges that financial crises, economic downturns and emerging technologies pose to corporate governance. The purpose is twofold. First, to take stock of corporate governance research to date. What do we know? What are the gaps in the literature? Could research benefit from novel perspectives? Second, to identify new challenges, brought to the foreground by the emergence of new technologies and new forms of raising funds, like Initial Coin Offerings and crowdfunding, for those intent on protecting investor rights.
Tài liệu tham khảo
Abrardi, L., Croce, A., & Ughetto, E. (2018). The dynamics of switching between governmental and independent venture capitalists: Theory and evidence. Small Business Economics. https://doi.org/10.1007/s11187-018-0047-z.
Ahlers, G. K., Cumming, D. J., Günther, C., & Schweizer, D. (2015). Signalling in equity crowdfunding. Entrepreneurship Theory and Practice, 39(4), 955–980.
Andres, C., Betzer, A., van den Bongard, I., & Goergen, M. (2019). Dividend policy, corporate control and the tax status of the controlling shareholder. Journal of Industrial and Business Economics. https://doi.org/10.1007/s40812-018-0100-6.
Bertoni, F., Colombo, M. G., & Quas, A. (2015). The patterns of venture capital investment in Europe. Small Business Economics, 45(3), 543–560. https://doi.org/10.1007/s11187-015-9662-0.
Bertoni, F., Colombo, M. G., Quas, A., & Tenca, F. (2019). The changing patterns of venture capital investments in Europe. Journal of Industrial and Business Economics. https://doi.org/10.1007/s40812-019-00113-1.
Croce, A., & Ughetto, E. (2019). The role of venture quality and investor reputation in the switching phenomenon to different types of venture capitalists. Journal of Industrial and Business Economics. https://doi.org/10.1007/s40812-019-00112-2.
Cumming, D. J., & Dai, N. (2013). Why do entrepreneurs switch lead venture capitalists? Entrepreneurship: Theory and Practice, 37(5), 999–1017.
Cumming, D., Meoli, M., & Vismara, S. (2018). Investors’ choice between cash and voting rights: Evidence from dual-class equity crowdfunding. University of Bergamo working paper.
Easterbrook, G. H. (1984). Two agency-cost explanations of dividends. American Economic Review, 74(4), 650–659.
Elston, J. A. (2019). Corporate governance: what we know and what we don’t know. Journal of Industrial and Business Economics. https://doi.org/10.1007/s40812-019-00115-z.
Elston, J. A., & Zhang, Y. (2016). Evidence on the dynamic nature of executive compensation and corporate governance in China. International Journal of Corporate Governance, 7(3), 223–246.
Fitza, M., Matusik, S. F., & Mosakowski, E. (2009). Do VCs matter? The importance of owners on performance variance in start-up firms. Strategic Management Journal, 30, 387–404.
Goergen, M. (2018). Corporate governance. A global perspective. Andover: Cengage Learning EMEA.
Goergen, M., & Renneboog, L. (2003). Why are the levels of control (so) different in German and UK companies? Evidence from initial public offerings. Journal of Law Economics and Organization, 19, 141–175.
Giudici, G., & Adhami, S. (2019). The governance of ICO projects: Assessing the impact on fundraising success. Journal of Industrial and Business Economics, 46(2), (in press).
Hansmann, H., & Kraakman, R. (2001). The end of history for corporate law. Georgetown Law Journal, 89, 439–468.
Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76, 323–329.
Rossi, A., Vismara, S., & Meoli, M. (2019). Voting rights delivery in investment-based crowdfunding: a cross-platform analysis. Journal of Industrial and Business Economics. https://doi.org/10.1007/s40812-018-0109-x.
Rozeff, M. S. (1982). Growth, beta and agency costs as determinants of dividend payout ratios. Journal of Financial Research, 5(3), 249–259.
Schwienbacher, A., Hornuf, L. (2018). Initial coin offerings, information disclosure, and fraud cases. Working paper.
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Yermack, D. (2017). Corporate governance and blockchains. Review of Finance, 21(1), rfw074. https://doi.org/10.1093/rof/rfw074.